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Trading Forex, CFD, Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 77-85% of retail investor accounts lose money when trading CFDs with the providers presented on this site. The information and videos are not investment recommendations and serve to clarify the market mechanisms. A great user experience is crucial for every trading platform to build and maintain their customer’s trust. From our experience, the broker is doing a pretty bad-ass job at it.

Trade with the Best Global Broker Asia 2022

Numerous sections focus on customer services related to accounts and administration rather than market-related issues. A status program is offered where clients, based on their deposited funds, can access different levels that provide enhanced services. One thing that stood out to me about this broker during my review was the ease of use.

By being regulated across multiple jurisdictions it allows worldtradex to provide retail financial services to traders across 180 countries. worldtradex offers a demo account for all of its platforms such as worldtradexTrader, MetaTrader 4, and MetaTrader 5. The demo account is unlimited in funds as you can top it up should you need more virtual currency, and has no expiration date. I found all platforms worldtradex offers provide mobile trading apps on your iOS or Android device, which can be downloaded directly from the broker’s website.

• 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.
• The available methods vary depending on the client’s residence and may include local bank transfers.
• Also, worldtradexFX helps to guess the speculation about their increasing rate.
• He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family.
• During this period you will be featured on a leaderboard for your virtual trades with the aim to reach the top where real prizes of up to $1,000 withdrawable money on MT4.
• worldtradex affirms that deposits can be made via bank wire, credit card, digital wallet, and cryptocurrency.

Enjoy smooth and convenient trading with user-friendly interface on a fast and stable platform. Perhaps the most damaging side of murky brokerage practices is the erosion of profits through hidden fees. Some brokers highlight attractive commissions in their advertising but then introduce additional costs without the client’s knowledge. When taken individually, these charges can seem innocuous, but over time, they can accumulate and seriously undermine a trader’s outcome. Without the broker breaking down all fees upfront, traders can’t estimate their risk appetite or manage their wealth effectively. As for education, I thought worldtradex did a good job at presenting the basic concepts of forex trading through an online video course.

Since 2016, the MetaTrader 5 platform has been available, coinciding with the launch of educational content. In 2017, Autochartist was introduced, along with cryptocurrency trading and the first proprietary apps with market information, which would later evolve into the worldtradex app in the following year. In 2019, worldtradex announced that its MT4 and MT5 accounts would not incur swaps or any type of commission. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Likewise, Mauritius is considered Tier-4, as per our Trust Score algorithm.

Does worldtradexFX offer negative balance protection?

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. worldtradexFX doesn’t charge traders any commission for holding an order overnight. This account type is a great starter account, though at the moment is not available to EU traders. worldtradexFX offers a great demo account that is easy to sign up for, just needing the most basic of your personal information and an email address.

Demo

worldtradex also provides financial services through its intermediary, Orinoco Capital (based in South Africa). Lastly, worldtradex also has an entity regulated in Mauritius, through Uni Fin Invest . Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out worldtradex’s educational offering. That being said, there isn’t much educational content for learning how to trade or understand market dynamics. It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more.

Copy Trading and Additional Services

Various drawing tools, from trend lines to Fibonacci retracements, are also available. The MetaTrader 5 Web Platform (Web Trader) is a slightly stripped-down version of the desktop platform. It allows you to trade without any additional software, only an internet connection is required. The Web Platform allows users to trade directly from any browser and operating system. Trading costs such as spreads are clearly explained on the Spreads and Conditions page. To read the fine print, traders can find the Customer Agreement in the footer of the website.

Every professional forex broker must have a reliable, trusted trading platform for trading. Traders use several tools to gather information on what kind of analysis traders are using in this trade market. The floating spreads for currency pairs involving the yen ranged from 1.9 to 2.6 pips, while major pairs (excluding EUR/USD) average around 1.5 pips. Spreads across different account types are similar, with worldtradexTrader accounts offering slightly lower spreads for Forex. In 2012, it started organizing courses, and in 2013, it introduced its first bonuses. As part of its expansion, worldtradex launched a program for Introducing Brokers in 2014 and introduced the cTrader platform (currently unavailable).

• This means you can open positions with as little as $1,000 and this amount can be further reduced if you are trading on leverage.
• Founded in 2011, its products are available through worldtradexFX.com and worldtradexFX.eu.
• The MT4 account demonstrates the limited selection by only offering four stock indices (AUS200, GER30, NAS100, US30).
• A broad range of topics, from technical analysis to trading strategies and platform tutorials, are covered.

There is a strong trader focus to the platform backed by very high-quality industry-standard research and learning services coupled with a strong in-house copy trading facility. The pushback comes from the more limited number of instruments a user can trade on this platform. However, this should not detract from what worldtradexFX is, as a convenient, efficient, cost-effective trading proposition, that is attracting a number of third-party industry awards. worldtradex provides fully functional mobile trading apps for MT4, MT5, and worldtradexTrader that are available for both Android and iOS devices. These apps offer full trading capabilities, interactive charts, and technical analysis tools on the go. worldtradex offers access to multiple robust trading platforms, which include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and worldtradexTrader.

worldtradexFX has long been involved in investing and it is directly regulated by the government. For a long time in the worldtradexFX trading, Argentina, Australia, Austria, Bahrain, Belarus, Brazil have been trading deposits. Also, Bulgaria, China, Croatia, Cyprus, Czech Republic, Denmark are far ahead in terms of business investment. Renowned European countries such as Estonia, France, Finland, Germany, Greece, Hungary, India, Ireland, Israel, and Italy are directly involved in worldtradexFX investment.

The broker’s low minimum deposit, competitive spreads, and comprehensive educational resources enhance its accessibility and attractiveness to different kinds of traders. However, it’s important to note that worldtradex doesn’t offer trading in certain instruments like ETFs and stocks. worldtradex is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts.

In addition, when trading with a broker authorized by CySEC, client funds are protected by the Investor Compensation Fund (ICF). ICF protects client accounts for up to €20,000 if a firm becomes insolvent. A trader working with a broker entity regulated offshore would Worldtradex forex brokers reviews not necessarily have these benefits. The trust score came in low, largely because the worldtradex Markets Inc. entity is unregulated. However, worldtradex’s European entity is regulated by the top-tier Cyprus Securities and Exchange Commission (CySEC).

CFDs

Available leverage differs according to the asset class, with the most leverage available with CFDs on forex and the least with CFDs on shares. Copy and automated trading are only available on the MT5 desktop platform. In our tests for the Trust category, we also cover factors relating to stability and financial strength. Here, we focus on how long the broker has been in business, what is the company size, and how transparent the broker overall.

With worldtradex being an ECN broker, I found MetaTrader 5 can utilise its advanced features like depth of markets tool for you to analyse market order flow. This is a great tool if you scalp or day trade as you can use the data to find hidden support or resistance while helping you spot breakout trading opportunities. Out of the platforms available, I believe MT5 is your best option overall as it allows you to trade all asset classes and improves on the features of the MT4. For example, the MT5 is faster thanks to being rebuilt using 64-bit architecture which means your execution times and price feeds are faster, and now allows you to trade stocks. One of the key highlights for MetaTrader 4 I like is the option to automate your trades using Expert Advisors (EAs) which is allowed on your worldtradex account.