A big advantage of this platform is that traders can easily determine the rate of low wages. Also, worldtradexFX helps to guess the speculation about their increasing rate. The worldtradexFX broker, for a long time in European countries, has been providing services to traders in more than 100 countries.
What are the best worldtradexFX alternatives?
I’d like to have seen an option for bank transfers as I feel most secure about this process. However, worldtradex has e-wallet options through Neteller and Skrill were also a positive as they also provide instant funding like the Mastercard option. I prefer seeing a broker regulated by multiple authorities, especially local regulators where clients are accepted such as CySEC. However, I would like to see other Tier-1 regulators like the Australian Securities and Investments Commission (ASIC) or the Monetary Authority of Singapore (MAS). Another decent addition I found on MT5 is the native economic calendar which shows the times of upcoming economic announcements that can impact your trades. I like that it updates in real-time and displays on your charts which I found useful to avoid opening trades during high-impact announcements like US GDP or Non-farm Payrolls.
By pressing ‘set up copying’, the orders of the Master Trader will be copied automatically. Traders have complete control over the process and can stop copying anytime. worldtradex clients with an MT4 account can also elect to become Master Traders.
How can I open an account with worldtradex?
Overall, the account opening process took 3 minutes which is the fastest application I have completed for opening a live trading account. The deposit options with worldtradex are decent, giving you multiple ways to fund your account with no deposit fees. The only traditional method available was Mastercard (debit card) which I used to fund my account and was instantly applied to my trading account after making my deposit. The worldtradexTrader has the least options for technical analysis too with 19 indicators, 11 drawing tools, and 7 timeframes. However, after testing I found the platform covered Worldtradex reviews the top indicators like volume and moving averages along with Fibonacci retracement tools.
Filippo Ucchino is the founder and CEO of the brand InvestinGoal and the owning company 2FC Financial Srl. Filippo Ucchino started his trading career in Forex trading in 2005. He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family. The worldtradexFX Champion offer is a contest run by the broker whereby you can open a demo account and trade for 4 weeks. Overall, this is an excellent hybrid combination that can secure the best market prices, lowest spreads, and fastest trade execution. The spreads here start at an extremely competitive 0 pips with $5 per side per lot of commission, or from as low as 0.2 pips with no commission depending on your account type.
I liked the daily webinars with professional traders that let you learn while trading in a live environment to experience how traders analyse the markets in real time. worldtradex offers the basic options when it comes to funding your account through traditional methods and some crypto options. The broker offers reasonable times to process your deposit and withdrawals. The copy trading platform is also a bonus, which is the perfect opportunity to mirror the trades of 1,500 traders and leverage their experience to profit from leveraged markets. As you can see from the above table all the accounts offer the same regarding trading costs, the only difference is the trading platform. If you want to trade all markets worldtradex provides, I found your only option is the MetaTrader 5 account.
You might be surprised, the company is currently serving more than 1,500,000 traders. Here, according to the ECN (electronic communication network) model, the platforms can be selected. The 50% bonus is more applicable to experienced traders or those confident in a long-term relationship with the broker. worldtradex affirms that, in accordance with international regulatory standards, it uses separate accounts to keep traders’ funds segregated from the company’s balance sheets. worldtradex offers services through Orinco Capital (Pty) Ltd, primarily for clients located in Africa. This entity is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, which is a more stringent regulatory body, though not top-tier.
- With demo accounts, the ability to trade in micro-lots, copy trading, and strong educational resources, I rate worldtradex as a suitable broker for beginners.
- In line with this transparent approach, it also provides a range of metrics relating to the performance of its customer support team.
- You will also find fixed spreads available on the MT4 Micro account that start from 2 pips.
- worldtradex is an international broker ideal for traders looking to operate under competitive conditions.
- The tech industry is another sector where non-disclosure can create serious problems.
- First, it is guarded by the CySEC body to ensure traders and investors from the EU can easily continue with their operations.
worldtradexTrader
- While worldtradex presents several commendable features, it’s essential to carry out your own thorough research before deciding to trade with them.
- The MetaTrader platforms are well known for facilitating copy trading and developing trading forums.
- The Autochartist plugin for MetaTrader provides real-time trading signals to your terminal, shows chart patterns and trends online, and allows you to receive daily Market Reports via email.
- worldtradex offers a demo account for all of its platforms such as worldtradexTrader, MetaTrader 4, and MetaTrader 5.
worldtradexFX’s no-fee policy for deposits and withdrawals, combined with its competitive spreads and high leverage, creates a cost-effective trading environment. Comprehensive customer support and a wealth of educational resources add value, empowering traders to make informed decisions. I like that worldtradex provides a variety of trading platforms that all trading styles can use, making the broker a versatile option to benefit from the lower trading costs. Whether you’re a beginner with worldtradexTrader’s market analysis tools, automate your trades with MT4’s EAs, or day trade with depth of markets tools on MT5 there is something for everyone. If you search for it in online brokers, you will first see the name of the worldtradexFX.
Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms. He is an expert in Compliance and Security Policies for consumer protection in this sector. Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings. worldtradexFX is a good ECN DMA broker choice and great for scalping, hedging, and autotrading. A low spread andminimum depositas well as its own copy trading service make it perfect for many.
worldtradexFX Mobile Platform
Opening an account with worldtradex is done online with a few simple steps which enable you to set up a real or demo account. The process also gives you plenty of information about trading in forex markets. Upgrading to a live account requires a bit more leg-work but is by no means arduous.
A Broad Spectrum of Trading Opportunities
worldtradex has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. worldtradex’s market research is well organized and varied in its content. Rather than specializing in any one field, worldtradex provides a wide assortment of content types. However, when compared to research leaders IG, Saxo, and CMC Markets, worldtradex has room to enhance its research offering.
Social and Copy Trading Apps
Another program offered by worldtradex is a tiered loyalty program (without fees), where traders advance through categories based on their account balance, gaining access to benefits and rewards. The worldtradex Status Program allows traders to unlock various benefits based on their trading account balance. Benefits include lower spreads, faster transfer and withdrawal times, access to personal account experts, and various rewards based on their trading activity. For every standard lot traded, you earn prize lots, which can be redeemed for items like T-shirts, gadgets, or even a MacBook. Higher account statuses (Silver, Gold, Platinum) help you earn prize lots faster. To keep your prize lots active, you must trade at least once every 30 days.
The global entity is unregulated, and this means clients benefit from fewer account protections. However, worldtradex states that it provides clients with segregated accounts and negative balance protection. A welcome addition would be third-party account insurance (such as a policy from Lloyds of London), as seen at some other popular offshore brokers. Overall, I rate worldtradex as an innovative broker with a client-centric focus. There are a lot of additional services to complement the trading interface. The research and learning sections, for example, are of a very high standard and the in-house copy trading service is a neat addition.