worldtradexFX provides Emirati traders with a demo account tailored specifically to their requirements. The platform strives for realism by accurately simulating real-world trading situations and providing learning opportunities that closely reflect current market conditions. Tailored to cater exclusively to proficient traders from diverse financial backgrounds within the UAE, the MetaTrader 5 account proffers avant-garde trading instruments and exceptional trade conditions. Emirati traders can avail themselves of the “50% Deposit Bonus” offered by worldtradexFX, which provides a bonus of 50% of their deposits. This added value may be utilized for trading purposes, allowing traders to fortify their positions and enhance strategies accordingly. Upon fulfilling specific volume requisites, the bonus funds become withdrawable, thereby bolstering overall trading resources significantly.
This is the first time I’ve seen swap-free accounts for all traders, regardless of location and beliefs, making worldtradex a truly low-cost broker by avoiding these fees. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. worldtradex is an up-and-coming broker that has been in operation for nearly 10 years.
Even Worldtradex reviews though the spreads can also be very low on MT4, and MT5 accounts, as low as 0.2 pips. All of the same withdrawal methods are also available as your deposit method. That means you can access wire transfer, credit/debit cards, and some eWallets like Skrill. These typically take 1 day to process or less, though a wire transfer may take longer. There may also be a fixed exchange rate in place to benefit you as a trader depending on location.
worldtradexFX Overnight Fees
- worldtradexFX has earned positive feedback across several review platforms, with a strong reputation for its trading tools, customer service, and overall reliability.
- It offers high leverage, a diverse range of instruments, and user-friendly trading platforms.
- Usually, worldtradex confirms withdrawals within 1-2 business days, but allow extra days for your Bank to process the transaction.
- Whilst not leading the market in this area worldtradexFX do put in a solid performance but the lack of 24/7 support might be significant to some traders.
They are fees necessary for trading, which users must pay before or during trading. I was impressed with the efficiency and low-cost approach to depositing and withdrawing with worldtradex. The range of deposit methods is decent, covering traditional, e-wallet and crypto, giving you a great choice of how to deposit (and withdraw) with no fees. When opening my account I was given the option of only using USD as the account base currency.
Does worldtradexFX offer webinars or online courses?
Beginners will appreciate the platform’s demo accounts, ability to trade in micro-lots, and robust educational tools. Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies. “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning. The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” You want a platform that’s easy to use but also has the tools you need.
- worldtradex does not provide services to citizens of the United States (US) and residents of Canada, Spain, Belgium, India, Iran, Myanmar, North Korea, Pakistan, the Philippines, the United Kingdom, and the US.
- Tight spreads from 0.6 pips, 80 trading instruments, including currencies, metals, energies, indices, and cryptocurrencies.
- By being regulated across multiple jurisdictions it allows worldtradex to provide retail financial services to traders across 180 countries.
- Both Live Chat and Email are available in various languages including Bengali, Chinese, English, Hindi, Indonesian, Malay, Portuguese, Spanish, and Thai languages.
- Again, in addition to copy trading, it offers a wide range of educational materials inclusive of videos and articles which are meant to help beginners find their feat.
The other feature I liked was that you do not pay swap fees on your CFD positions, saving you money should you keep your trades open longer than 24 hours. This makes worldtradex an attractive option for stock trading CFDs as you won’t need to worry about swap fees cancelling any day’s profits, so you can keep the positions open. worldtradex offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. There’s no question – if worldtradex wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. worldtradex does have a proprietary mobile app for trading, as well as for social copy trading (the worldtradex Copytrading app), yet it still trails behind industry leaders such as IG and Saxo.
Does worldtradexFX have Research and Education services?
Incorporated in St. Vincent and the Grenadines but operating primarily out of Jakarta it has developed a strong client base in the Asia-Pacific region. worldtradexFX does, however, cover the global markets, serves customers in over 100 countries and also has offices in Spain, Cyprus and Malaysia. Founded in 2014 and acquired in 2021, BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices. Information on the TopForx.com website is for informational purposes only and does not constitute any motive or suggestion for visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk.
I find MT4 makes it easy to customise your charts with 9-time frames from day to tick charts and 3 chart types including bar, candlestick and line. This lets you adapt your charts depending on your strategy, whether you use multi-time frame analysis or are a scalper with tick charts you’ll find it easy to switch on MT4. Even at 0.90 pips, I found it’s roughly 18% cheaper than my industry average tests of 1.11 pips for EUR/USD, positioning worldtradex as a low-spread broker. Our broker reviews are reader supported and we may receive payment when you click on a partner site. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
Does worldtradexFX offer negative balance protection?
worldtradexFX offers a range of trading platforms that cater to traders of all levels. The platforms are known for their user-friendly design, advanced tools, and access to multiple markets. Whether you’re using a desktop or mobile device, the platforms ensure that you have a smooth and efficient trading experience.
Whilst the range of instruments available to trade is somewhat limited in comparison to other brokers, there are quite a few innovative features that help them stand out from the crowd in other ways. Robo and copy trading, in particular, are both areas where they appear to be aiming to gain an advantage over the rest of the market. Before trading with a live account, it’s best to open a risk-free Forex demo account. worldtradex’s Demo Account offers the same experience as real accounts but with simulated funds. When it comes to withdrawing your funds from worldtradex, all accounts can use Bank Wire Transfer.
The variable spreads start from 0.2 – 0.4 pips with a commission already rolled in and no other mark-up to worry about on your MT4 Micro, or MT5 Pro Account. You will also find fixed spreads available on the MT4 Micro account that start from 2 pips. Added to that the fact they do only offer a limited range of base currencies and not many deposit or withdrawal methods and you can see the limitations of this otherwise popular broker choice.
Pros and Cons of Regulation and Safety of Funds
Looking through the worldtradex website and heading to their Awards section, you can see that they have many awards that date all the way back to 2012. The value of regulations lies in their ability to offer a framework within which traders can operate securely and with peace of mind, making it a critical consideration in the selection of a forex broker. While worldtradex’s effort to comply with international regulatory standards is commendable, the nuanced nature of regulatory transparency and coverage highlights the importance for traders to conduct due diligence. Traders should consider both the protections offered by these licenses and the geographical limitations.
If you have any suggestions or feedback, please feel free to share them with us, we value your insights! We appreciate your trust in us and look forward to supporting you in your trading journey. Should you require any assistance, please don’t hesitate to contact us at or via our 24/7 live chat.Kind regards,worldtradex Rep. That’s why we also provide extensive educational resources, including video tutorials and webinars available on our official YouTube channel. Should you ever need assistance or have suggestions to share, feel free to write to us at Com — we’re available 24/7.Thank you once again for choosing worldtradex.
As for account management, I found the deposit and withdrawal services to be fast with same-day funding and withdrawals with no fees. My experience with worldtradex has been largely positive thanks to its excellent ECN trading conditions giving me low spreads that averaged 0.80 pips on EUR/USD with no commissions. Founded in 2011, worldtradex has built a substantial global presence over its years of operation. The broker reported serving over 12 million trading accounts across more than 150 countries, with particularly strong penetration in Asia, Africa, and Latin America. worldtradex processes more than $9 billion in monthly trading volume and has executed over 920 million trades since its inception, according to company data. These substantial operational metrics match the broker’s strong positioning in search visibility.