Englishworldtradex is as confident about its financing costs as it is its execution fees. The breakdown across the two different types of accounts is laid out in a reassuringly transparent manner. With trading costs being a significant determinant of success or failure, the broker is right to emphasise what a help this could be. The Copy Trader account area requires separate funding and comes with its own dedicated app.
Protection of client financial assets
The network charged a fee of 1 USDT, and the remaining amount was credited to our account in USD within minutes. For those familiar with cryptocurrency wallets, this process is very simple and quick. Periodically, worldtradex offers the worldtradexFX Champion Demo Contest, a monthly, risk-free trading competition using virtual funds. Participants compete for real cash prizes ranging from $40 to $500, with winners determined by the highest account balance after four weeks.
As a Invesmtnet Opportunitites avilable at worldtradex we will mark availability of Copy Trading which is a good option for various traders. worldtradex shines in giving several trading tools for active traders, however, individuals looking for long-term investments could have to take more thought on other platforms, including bonds and ETFs. The risk level is defined also by the leverage level you use since higher leverage dramatically increases your high risk of losing money as well.
Designed to appeal to both beginners and advanced traders, the worldtradex Desktop MetaTrader 4 (MT4) platform is much praised for its reliability and adaptability. The software showed robust charting tools and broad technical analysis capabilities throughout testing, therefore enabling users to personalize their trading environment properly. Overall, with our research we find worldtradex ensures that customer information stays private by using cutting-edge encryption technologies to guard financial transactions and sensitive data.
If a broker appears on a regulatory blacklist, it is a clear warning sign to steer clear of their services. Regulated brokers are supposed to maintain fair trading practices, meaning that traders get the right price and the spreads and execution times are not manipulated. Additionally, their competitions and trading bonusesadd an edge to their brokerage. For novice and even experienced brokers, worldtradexFX offers a wide rangeof https://worldtradex.site/ educational materials.
7 Customer Support
worldtradex provides fully functional mobile trading Worldtradex scammers 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 extends three types of trading accounts to suit diverse user needs – the Micro (MT4), Pro (MT5), and the worldtradexTrader account. All three account types, beneficial for both beginners and professionals, provide fair and competitive conditions.
Likewise, Mauritius is considered Tier-4, as per our Trust Score algorithm. The security of your funds – in terms of regulatory protection – will depend on which worldtradex entity holds your account, and which, if any, relevant regulations provide customer protections. It’s worth noting that worldtradex’s primary execution venue is one of its own entities in St. Lucia. worldtradex has made great strides with innovation in its web platform, and new educational content, but offers a limited range of tradeable instruments compared to the best multi-asset brokers.
- Further, it uses an authentication model through 3D securetechnology for extra protection to online payments.
- In fact, in only a handful of instances did the response time beat the seven second figure.
- By adjusting the feed according to your trading style and preferences, Space provides personalised guidance to keep you in touch with highly volatile markets.
- Its proprietary platform lacks advanced tools for professional traders.
- The pushback comes from the more limited number of instruments a user can trade on this platform.
- It is also a rare broker fully compliant with Shariah law for Islamic traders.Beginner traders will benefit from well-thought-out research and educational services.
worldtradex’s worldtradexTrader Recognised as the Best Fintech Product of the Year
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. With more than 42 million accounts spread across 180 countries, multi-regulated broker worldtradex provides a wide range of trading options across asset classes. worldtradex provides low spreads, no commissions, and a minimum deposit of $25 using over 300 instruments—including 52 currency pairings, 34 cryptocurrencies, and 10 global indices. worldtradexFX, a globally recognized online forex broker, was established in 2011 with its headquarters in St. Vincent and the Grenadines. Over the years, it has expanded its operations to serve traders worldwide, offering access to a broad range of trading instruments, including forex currency pairs, commodities, indices, cryptocurrencies, and stocks.
Positions held overnight are not subject to fees, whether positive or negative, which is a distinctive aspect of worldtradex. Both platforms are available on desktop, web, and mobile devices, ensuring seamless trading across various operating systems. They also offer real-time market updates, one-click trading, and multiple order execution options to enhance trading efficiency. By implementing these comprehensive security protocols and maintaining regulatory compliance, worldtradexFX demonstrates its dedication to providing a safe and trustworthy trading environment for its global clientele.
- Thisaccount offers the lowest spreads which allow for the maximum length of tradeoptions.
- Additionally, the app allows users to view the history of each operation, including changes made to orders, with great clarity.
- The „Space“ section allows users to see posts on various topics directly on the web, but the configuration for the topics is set in the mobile app.
- worldtradex presents traders with a competitively priced, commission-free pricing environment.
- In conclusion, worldtradex Broker stands out as a reputable broker with an easy-to-use platform, making it suitable for traders at all levels.
Open an account on a trading platform
The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities. FxScouts Group’s primary mission to provide unbiased and objective reviews, commentary, and analysis. While some data may be verified by industry participants, FxScouts maintains full editorial independence and never allows third parties any control over our work. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by FxScouts Group, nor shall it bias influence our reviews, analysis, and opinions.
Trade Forex, Metals, Commodities, Indices, Crypto, and Stocks, all with the confidence you’re joining a trusted broker, with over 25 years of global market experience, and more than 1 million clients worldwide. In addition, worldtradexFX also keeps user funds distinctfrom that of the company. Further, it uses an authentication model through 3D securetechnology for extra protection to online payments. Learn how regulators protect traders and how the Forex market is regulated. FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. We ensure transparency by incorporating regulator data and user insights.
Theactual commission charge is based on a mixture of standard prices and markupspreads. The table belowprovides a general idea of the spreads typically seen across worldtradexFX’splatforms. This account type is meant for traders who wish tohave the maximum leveraging options with the least monetary investment. Overall, worldtradex’s educational materials are some of the best in the industry, but it could include more suitable content for advanced traders. The educational materials available at worldtradex are more comprehensive and in-depth than at other brokers, but it is more geared toward beginners than experienced traders. The MT4 and MT5 trading platforms are available on Android and iOS mobile devices and tablets.
worldtradex Additional Fees
worldtradex does not charge deposit fees, and processing times range from instant to a few days. worldtradex Customer support operates on a 24/7 basis, and the languages supported by the customer support staff are Hindi, Malaysian, Indonesian, Urdu, Chinese, English, German, Portuguese, Spanish, Vietnamese, Thai. It ticks many boxes for traders, who can access it through the live chat, email, phone, or by using an enquiry form. It offers the pricing and execution experience of a no-frills broker but complements this with a range of additional services such as top-quality learning resources and copy trading options. 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.
Providing access to sophisticated charting tools and technical indicators, the platform effortlessly connects with MetaTrader 4 (MT4) and MetaTrader 5 (MT5). worldtradex is indeed more appealing and more widely offering various attractive tools and proposals on International trading therefore Broker is better for International traders. worldtradex International is useful since it provides a complete learning center, including webinars, videos, and articles, also various research and promotional tools are appealing too. Overall, worldtradex provides good flexibility in terms of conditions, platforms, and instruments it proposes. Therefore means its operation is aligned to the necessary protection level. On the negative side, traders should make sure to check the proposals, as worldtradex is an international brand and a Cyprus one offers slightly different conditions.