This opportunity enables participants to build expertise while competing in the contest. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Founded in 2011, worldtradex holds a regulatory license in Europe via its Cyprus-based entity – worldtradex Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC). Your account may be eligible for certain CySEC protections – in the extraordinary event of worldtradex Markets Cyprus Ltd.’s bankruptcy, for example, you’ll be protected for up to 20,000 euros from the Investor Compensation Fund (ICF). In South Africa, worldtradex provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA).
Lowest spreads with low commissions
worldtradexFX MT5 and MT4 have powerful global widgets for feedback. MetaTrader 4 and MetaTrader 5 play a major role in rapid order reversal and hedging promotion. MetaTrader 4 is a https://worldtradex.space/ platform that any user can use with ease.
- 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.
- However, depending on the payment system, the time it takes for the money to arrive at its destination may vary.
- You can look forward to trading with the MT5 trading platform on this account where the spreads start at great value from 0.2 pips.
- It offers commission-free access to financial markets already utilised by clients from 180 countries with more than 42 million trading accounts.
- There is also the ability to provide free market data and news.
worldtradexFX offers a choice of two different account types, worldtradexFX MT4, and worldtradexFX MT5. In our opinion, worldtradexFX MT4 is perfect if you are new to only trading or more experienced and have a preference for minimalistic yet sophisticated trading tools. An worldtradexFX MT5 account is perfect if you are a more innovative trader. Below you will find an overview of the key similarities and differences between the two account types. Overall, the differences are rather minimal, and which account type you choose is ultimately a question of your personal preference. A great user experience is crucial for every trading platform to build and maintain their customer’s trust.
Brokers offer special promotions as a way to entice new clients to sign up with them, and worldtradex has a few that clients can look forward to. The first is the competitions they run, but it should be noted that these are “seasonal,” meaning that they come and go and are usually different. It is important to understand that brokers that operate under https://worldtradex.site/ various entities and on an international level are restricted in some countries, meaning they are not allowed to operate in them. This is due to many factors and ones which are beyond this article’s scope. No, worldtradexFX does not offer the option to trade the Volatility 75 Index. worldtradexFX is ranked among the Top 20 Forex and CFD brokers for Dubai.
Support Service for Customer
Affiliates can earn up to 50% of worldtradexFX’s revenue share under the terms of the agreement. The worldtradexFX Affiliate Program’s user-centric design is one of its most notable features. It has an easy-to-use interface and real-time statistics to monitor performance.
Your virtual credit will be included in the demo account with 10,000$ in automatic funding. worldtradexFX clients submit this demo account so that the customer can be aware of all the tools. Opportunity to watch Live FX Quotes, a chart with the display, platform customized, Indicator add, Broker’s clients can get a massage, market news, read and see broker news, all types of orders use.
By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. worldtradex (formerly worldtradexFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. We believe in a partnership, that’s why we welcome all feedback, to understand our users’ needs and provide them with the best Forex trading experience. We would say from our experience that this broker has its license so you can use deposits or assets in this market. worldtradexFX has long been involved in investing and it is directly regulated by the government.
Deposit Fees
MT5 is also equally lightweight and can run on almost any device. The platform also provides for a wealth of more than 50 charting tools and indicators, and caters for auto and copy trading through its EA feature. In some places, you will also be allowed to make deposits through Bitcoin. In terms of the time it takes, wire transfers can take 3-7 business days to complete, while the other deposit methods are all typically instant. worldtradexFX doesn’t charge traders any commission for holding an order overnight. This protection is further extended if you are an EU trader.
worldtradexFX assets are always dependent on the current market. Traders should note that while leverage can magnify profits, it also increases the potential for losses. It is essential to use risk management strategies to avoid large losses when trading with high leverage. All three brokers have good global regulation – worldtradexFX is regulated in Cyprus, FXTM is regulated in Cyprus and Mauritius, and Exness is regulated in the UK.
The platform strives for realism by accurately simulating real-world trading situations and providing learning opportunities that closely reflect current market conditions. 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. worldtradexFX is worthy of investment, and there are various reasons to believe so. First, it was founded in 2011 and offered excellent opportunities to traders and investors so they could efficiently work on the trades. Plus, it charges only 0.4 pips for the commission on the account.
Trading Platform
These labels denote some milestone that the Master Traders have reached, although their performance and results can vary. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. worldtradexFX is one of the best platforms where traders and investors will have many advantages.
But overall, I’m satisfied with the payment flexibility worldtradexFX provides. Funding and withdrawing is quick and free across the methods I use regularly. It has all the tools I need as a novice – live currency rates, charts, technical indicators, and risk management features like stop losses. I can set up custom price alerts too so I always stay in the loop on market moves. By the end of this review, you’ll know exactly what to expect from worldtradexFX and whether or not they are a legit and reliable broker to trade with.
This is pretty decent compared to some of the other “legitimate” brokers we have reviewed in the past. Visit worldtradexFX’s website and click the “Open Account” button to start. Fill in the necessary information, select your account type, and finish the registration process.
You may even update your review with the details requested so that we can investigate it.Looking forward to your response. worldtradexFX is a solid choice for traders looking for a low-cost, user-friendly broker with competitive spreads and flexible trading conditions. Its range of trading instruments, including forex, commodities, stocks, and cryptocurrencies, makes it appealing for a wide variety of traders.
