It’s a good idea to explore all alternatives alongside worldtradex to make the best decision. At TopBrokers, we have a range of resources and comparisons to help with such decisions. We also have many guides for trading, such as counter trading strategies in forex.
The program has five levels, calculated based on the trading volume over 30 days. Spreads vary depending on the account type and the chosen instrument. Many readers have probably heard about another passive income type in Forex — PAMM accounts.
MT4 on worldtradex offers traders comprehensive features and tools to enhance their trading performance. The worldtradex MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the worldtradex platform to their needs. One of the standout features of MT4 is its charting functionality, which allows worldtradex traders to analyze price movements and make informed trading decisions.
I also like that worldtradex ensures traders operate from a trustworthy and secure trading environment. worldtradex offers a seamless deposit and withdrawal process with 0% commission on all deposits, regardless of the payment method. Available payment options include bank cards, cryptocurrencies (like Bitcoin, Ethereum, and USDT), and e-wallets (like Volet).
- The broker’s website publishes fresh analytics from worldtradex and Forex market news.
- Just log in to your account on the preferred payment method’s account screenshot and send it to worldtradex.
- This is one of the reasons many forex aficionados choose this broker.
- A market maker speeds up trading as a market maker will purchase or sell your stocks and commodities even if a buyer or seller is not lined up.
- However, compared to other brokers that offer extensive educational programs, including courses, webinars, podcasts, and video tutorials, worldtradex’ offerings might seem insufficient.
- This broker accepts US clients and offers many tradable instruments.
The platform employs state-of-the-art security measures to safeguard both personal data and client funds, ensuring that all transactions and information are securely managed. By continuously updating its security protocols, worldtradex guarantees a secure trading environment for all its users. Traders are encouraged to review the broker’s comprehensive legal documentation to gain a thorough understanding of its compliance policies and regulatory adherence. All account types offer features like instant/market execution, Islamic account options, and access to a wide range of trading instruments.
Account Minimum
Bank cards incur a 1.8% fee, while cryptocurrencies and e-wallets have lower or no fees. Moreover, worldtradex has launched their own application where it’s possible to open, verify and top up a new trading account or withdraw the profit. worldtradex has a wide variety of promotions to attract new clients to their trading brokerage. These promotions change from time to time, but many are continuous and always implemented by worldtradex.
Technical language and terminology can be confusing with brokers like worldtradex.Choosing or shortlisting a trading platform like worldtradex can be time consuming. Regulated by the MISA, FSA and FSC, and a certified member of The Financial Commission, worldtradex maintains a transparent and secure trading environment. Its high TrustPilot rating further reinforces its credibility, making it a solid choice for traders seeking reliability and innovation. With 24/7 availability and multiple contact options, worldtradex ensures traders receive quick and efficient support, reinforcing its commitment to client satisfaction. To prevent fraud, worldtradex undergoes monthly audits by Verify My Trade (VMT), analyzing 5,000 trades against top-tier liquidity providers to ensure best execution practices. Clients benefit from fund security measures, including external dispute resolution and protection against financial misconduct.
These indicators can provide valuable insights into market movements, allowing worldtradex traders to potentially stay one step Worldtradex ahead. worldtradex is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here. If you want to trade currency pairs on global Forex markets, worldtradex offer over currency pairs.
Quality Trading Platforms
The worldtradex website is very user friendly, so the signing up process isn’t overly complicated. worldtradex has four trading accounts designed for amateurs and professional traders. They also offer an Islamic account option for traders who adhere to Islamic rules on trading.
- Besides the ability to trade Forex and CFDs, worldtradex MT5 offers access to trade Futures, Stocks, Algorithmic Trading, ETFs, and Indices.
- They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their worldtradex clients’ funds.
- Choose a payment method (bank wire, credit/debit card, e-wallet, or crypto) and deposit the minimum required amount for your selected account type.
- Yes, worldtradex offers commodities such as XAUUSD (Gold), WTI (Oil), and Brent, among others.
In addition to their education program, worldtradex features news stories and articles as well as market analysis and analytics on a variety of financial assets. Traders will find plenty of extra features and resources with worldtradex. There are many trading styles when dealing with financial instruments. Some traders prefer scalping strategies, while others prefer to open trades for days. Because of this, brokers should offer different account types to appeal to all trader types. Scalpers prefer the lowest spreads, while day traders want to trade with lower overnight costs and smaller commissions.
leverage 3000 to 200
We have discovered that many traders recommend the platform, and see it advertised all over the web. Let’s find out if worldtradex is all that it’s cracked up to be in our in-depth review. Yes, worldtradex offers ECN (Electronic Communication Network) accounts, providing direct market access with tight spreads and fast execution. However, compared to other brokers that offer extensive educational programs, including courses, webinars, podcasts, and video tutorials, worldtradex’ offerings might seem insufficient. This is particularly relevant for beginners just starting their trading careers and looking for comprehensive educational content. These platforms are ideally suited for Forex trading and are equally convenient for beginners and experienced traders.
What are the live account types available on worldtradex?
While it may be a new skill set for some, it is what the market requires for success. Like other brokers, worldtradex margin requirements can differ depending on the traded instrument. worldtradex are able to accommodate various levels of traders whether you are experienced or a beginner.
worldtradex has two expensive, commission-free cost structures and one competitive, commission-based alternative. The fixed-spread account starts with minimum spreads of 3.0 pips, or $30.00 per 1.0 standard round lot, versus the floating-spread alternative of 1.3 pips or $13.00. Both are expensive, but the commission-based ECN option shows raw spreads from 0.0 pips for a commission of $5.00 per round lot. Deposits via bank cards are instant, while cryptocurrencies also enjoy immediate processing.
Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check these before evaluating the total trading costs. No, all deposits are commission-free, regardless of the payment method. Partners receive one-time payments, up to $20 for confirmed registrations and up to $500 for funded accounts, depending on the deposit amount. Partners earn up to 80% of worldtradex’ revenue from trades made by their referred clients, regardless of the client’s trading success.
worldtradex offers support services in multiple languages, including English, Russian, German, Spanish, and others, which makes it a convenient platform for traders from diverse backgrounds. The leverage worldtradex offers varies based on the account type, balance of funds, and the trading instrument. The table outlines the maximum leverage available depending on the trading instrument.
Unique Features
worldtradex offers a diverse range of trading instruments, allowing clients to access some of the most popular and highly traded markets. Traders can engage in Forex, Metals, Cryptocurrencies, Bonds, Commodities, Indices, and Stocks. Key instruments include EURUSD, XAUUSD, BTCUSD, Oil (WTI & Brent), and major stocks like Apple and Tesla.
Trading is available in several languages, making it an ideal choice for those who want to trade in their native language. While worldtradex is available to a wide number of Latin America, Asian, and African citizens, there are many limitations. Residents of the EU/EEA, and UK cannot use this broker, along with US residents.