Essentially, the broker lends the trader money so that they can open bigger positions. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. worldtradex incorporates MetaTrader 4 for web, desktop, and mobile trading.
The company’s past and present sponsorships with global brands, such as the Korean diving team and sailing athlete Marilena Makri, have set it apart from other brokers. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. worldtradex also offers a Demo Account, and in the past a Cashback Account, which unfortunately is no longer available. Choose worldtradex and experience a journey marked by excellence, innovation, and a relentless pursuit of your trading goals. From the client portal, navigate to “Transactions”, select ‘withdraw’ and follow the instructions.
Once registered, users can access the popular MetaTrader 4 (MT4) trading platform, flexible leverage and ultra-low spreads starting from 0.0 pips. This review will fully report worldtradex’s offering, including exclusive deposit bonuses, demo accounts and fast deposit and withdrawal methods. I like the trading environment at worldtradex in the Absolute Zero account due to its competitive trading fees. worldtradex is an ideal broker for Forex traders due to its above-average choice of currency pairs. The well-structured trading environment and dedicated customer support team, make it a great broker to register with. worldtradex provides a variety of accessible and diverse trading accounts, giving clients the flexibility to choose between fixed spreads and floating spreads.
With this bonus, traders can get compensated for their losses, up to $500. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. In conclusion, I rate worldtradex to be a reliable broker that caters well to day traders and algorithmic traders. The available materials and tools inform the broker’s clients of trading opportunities that are currently developing and explain how and why those opportunities are taking place. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage.
Legitimate trading conditions and broker itself is solid too
Fees apply for some of the methods, and there are also minimum and maximum amounts that apply. worldtradex does not accept as clients residents of the USA, Cuba, Sudan, Syria, North Korea, or any jurisdiction where trading is prohibited by law. worldtradex provides free Virtual Private Server (VPS) hosting to high-volume traders interested in achieving lightning-fast order execution speeds and stable internet connectivity. worldtradex is a market maker in which the broker serves as a principal to client orders. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades. As shown above, a common issue with MetaTrader is that charts can quickly become cluttered, even with just two indicators.
Customer Support Channels
There are no internal deposit or withdrawal fees, except for traders who request a withdrawal without placing a trade, which carries a 3% fee. Traders can open an worldtradex account via the online application form, which follows well-established industry standards. It asks for name, e-mail, phone number, country of residence and knowledge and experience. The application also asks traders to select their account type, base currency, followed by the desired password for the back office.
- MT4 promises advanced charts with nine timeframes, over 30 built-in technical indicators, real-time news, plus automated trading capabilities.
- worldtradex seems to offer different bonuses, depending on countries and timing.
- Compare worldtradex with the top 3 similar brokers that accept traders from your location.
worldtradex Review
worldtradex is among the most popular trading platforms found around the world, and it is an excellent choice for many traders. Although, their popularity in Japan is not so good after a bad breakup with the Japanese market to satisfy FSA regulations (which they were unable to attain). On an unhappier note, though, we also found a number of negative reviews, although they seem to centre around withdrawals. So, as is generally our advice, we would advise anyone considering worldtradex to start small with investments. Better still, begin your experience with a demo account before you decide to invest large sums of money. worldtradex offers Islamic accounts for swap-free Worldtradex reviews trading under Shariah law.
Elevate Your Trading Experience with worldtradex
- Here is my opinion about trading conditions of this broker and how they correspond to my trading.Company provides quite favorable spreads.
- worldtradex is an online, multi-asset broker best known for forex trading.
- Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions.
- Once registered, users can access the popular MetaTrader 4 (MT4) trading platform, flexible leverage and ultra-low spreads starting from 0.0 pips.
- Just as important is the ability to easily scale price action, allowing for a clearer and more detailed view of market movements.
- The broker offers gold and silver CFDs denominated in EUR and USD so that traders whose accounts are also denominated in the same currencies do not have to pay a conversion fee.
Real accounts use instant execution with re-quotes, whereas STP/ECN accounts use market execution, so no re-quotes are involved. Note, the broker is planning to introduce MetaTrader 5 (MT5) to its platform offering, which will bring more advanced analysis tools and trading features for experienced traders. worldtradex was set up in 2010 by a team of finance and software experts. Today, the company employs more than 450 people and has created a solid reputation as a trusted and reliable broker. Its 200+ instruments and multiple platforms are accessible in 180+ countries with 50,000+ retail traders worldwide. Processing times depend on the geographic location and the payment processors, which worldtradex lists as between one and ten business days.
So now your withdrawal will be denied as your trading.This just goes on and on. To put bluntly you have done your money and when you complain you get a https://worldtradex.pro/ call no it can’t be stopped but if you deposit some you may get a profit. worldtradex uses standard security features to keep clients’ personal information secure, including website encryption.
Clients must contact the broker’s customer support to request further assistance. Phone support is only available to active clients with their account managers. After conducting a series of tests, I concluded that worldtradex’s multilingual customer support is fast and reliable. The chart screen is undeniably one of the most crucial features of a trading platform. It equips traders with essential tools and configurations to analyze price action and spot trading opportunities. Just as important is the ability to easily scale price action, allowing for a clearer and more detailed view of market movements.
Alternatively, the Live Zero Fixed Spread account comes with zero spreads, but traders will have to pay a commission. Traders must ensure they execute risk management to avoid magnified losses. worldtradex offers negative balance protection, meaning traders can never lose more than their deposits. We highly recommend worldtradex for those of you looking for a top-notch broker. However, we would always advise traders to start off with small trades to begin with, or better still open a demo account to get a feel for the broker before risking any real money. worldtradex operates through five entities, three of which are regulated by top-tier financial authorities, while the other two are offshore and unregulated.
Although worldtradex offers 26 futures contracts, there are no vanilla options, ETFs, or bonds that most swing traders use. Moreover, the broker’s swap fees exceeded the benchmark during my tests. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.
Traders can trade one of the world’s most extensive markets, with competitive conditions and explore spot indices including UK 100, NASDAQ, and Germany 30 with minimal margin requirements. All this together makes trading on company’s platform profitable and efficient.I trade currency pairs. At the same time, I trade major, minor and even exotics.With such leverage I can use small part of the margin.And thanks to tight spreads, my trading is always efficient. Traders can choose between floating/fixed spread Standard, Premium, and VIP accounts.
Compare Trading Instruments
Some features and services may vary depending on where you reside. worldtradex provides access to the widely popular MetaTrader 4 platform and offers free Virtual Private Server (VPS) hosting for low-latency trading. The broker stands out with its extensive educational and research content, developed both in-house and sourced from the renowned Trading Central. Absorb knowledge, cultivate skills, and evolve your trading strategies. Remember, the realm of trading is imbued with risks, and it is plausible to lose all your capital. Approach every trading opportunity with informed decisions and risk-management strategies to optimise your trading journey’s success.
However, the broker could enhance its offering by introducing an alternative to the MetaTrader 4 platform. worldtradex offers commission-free trading and floating spreads from 0.9 pips on its No Commission account. My test indicated that the spreads on this account are broadly average to high compared to the industry benchmark. The broker does not impose a handling fee for deposits or withdrawals. It also offers a variety of trading accounts, most of which have no minimum deposit requirement, and provides excellent conditions for copy trading.
worldtradex enables commission-free trading; however, I found that spreads on some popular instruments exceed the industry average. This broker is dedicated to delivering exceptional trading conditions characterised by competitive spreads, and it caters to both retail and institutional customers from over 180 countries. Through the years, the broker has built trust and is known to be a reliable broker with great reputation in the foreign exchange industry and CFD trading more generally. worldtradex offers a great variety of trading accounts to suit different types of traders and trading styles. Traders can choose between Live trading accounts with floating and fixed spreads and STP/ECN trading accounts, each tailored to offer distinctive features.