They also offer real-time market updates, one-click trading, and multiple order execution options to enhance trading efficiency. Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score. 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.
Here, we focus on how long the broker has been in business, what is the company size, and how transparent the broker overall. Bitcoin and cryptocurrencies can be traded on worldtradexFx but not bought outrightly. With a rating of 4.4 out of 5 after 3.9K+ reviews, the company reputation speaks for itself regarding legitimacy concerns. Coming to leveraged overnight holdings, the broker charges no swaps. During our testing, we confirmed that no swap fees are charged for maintaining open positions not only overnight but also during the weekend for several days.
Social Trading – Copy Trading
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. This diverse portfolio makes it a popular choice among retail and professional traders alike. Dear Muhammad Akmal Muhammad Noordi, Thank you for taking the time to share your positive experience with worldtradex.
Available Assets at worldtradexFx
During certain events, worldtradex offers a bonus where you can claim up to a 100% deposit bonus. Research tools provided by worldtradexFX include a well-detailed economic calendar which keeps you updated with all significant economic events and how they may impact you. First off, you will notice when you are trading at worldtradexFX that the broker website has a huge FAQ section which in itself covers a range of topics with dozens of answers to the most common questions. Both social and copy trading is well provided for at worldtradexFX through their own proprietary copy trading service.
worldtradex (formerly worldtradexFX) is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilized by clients from 180 countries with more than 40+ million trading accounts. worldtradex is a technology-based brokerage company and Forex broker that offers an industry-leading platform Metatrader4 and MetaTrader5 with numerous investment opportunities and great capabilities. Dear Dennis Duya Capulong, Thank you for sharing your experience with worldtradex! We are delighted to hear that you find our platform straightforward and easy to use. One thing that stood out to me about this broker during my review was the ease of use.
I was surprised at how fast the responses were, and the agents went the extra mile to provide the information I sought. MT5 provides a greater number of technical indicators, timeframes, and graphical objects. worldtradex offers the MetaTrader 5 mobile app for mobile trading, which is available for Android and iOS. The app offers popular features such as alerts, 1-click trading, and trading from the chart. The trust score came in low, largely because the worldtradex Markets Inc. entity is unregulated.
Even a quick glance establishes why the firm is so willing to share. https://worldtradex.space/ You can also follow the broker’s news and updates on their social media platforms provided on their website for smoother and more up-to-date content and news. The option of sending an email to the broker is also available and the reply rate is quite satisfactory. worldtradexFX won the best Islamic forex account awarded by world fiance in the year 2020 and the broker has been improving ever since. You do not need to pay interest-based or any other charges when you trade with the Islamic account with worldtradexFX.
Forex Risk Disclaimer
Here you get exactly what you expect with a very robust and extremely powerful and also lightweight trading platform that can run on virtually any device. These are all useful and important tools to utilize for any forex trader on all platforms and brokers. Taking a look at the CFD markets available from worldtradexFX, it is noted that they offer a little more than 70 assets in total. Some of them may not be available within every region or account type. With that said, they still offer good value in terms of trading conditions. Matching your base currency to that of your deposits and withdrawals can be an important way to help you save on paying conversion fees which ultimately increase your cost of trading.
worldtradex Markets Cyprus Ltd and worldtradexFX.eu are regulated by the Cyprus Securities and Exchange Commission (CySEC). worldtradex Markets Incorporated and worldtradexFX.com are based in St. Vincent and the Grenadines. During our own testing, we https://worldtradex.site/ found the average ‘first response’ time to be greater than the seven seconds claimed on the firm’s site.
For traders—especially scalpers—this low spread structure is helpful since it lowers the total trading expenses and increases profit possibilities. In addition, there is a security of the traders’ accounts applied by the Investor Protection and Compensation Schemes in case the broker goes bankrupt. The account opening is easy to follow, trading conditions are good, along with the platform selection and a range of instruments offered.
How to open worldtradex Demo Account?
- It might not (yet) come with all the functionality of some specialist social/copy trading platforms, but that would make sense as it is, after all, a supplementary service and one that a lot of worldtradex’s rivals don’t even offer.
- The AutoChartist plugin for MetaTrader is available to clients with $1,000 or more in their accounts.
- Filippo Ucchino created InvestinGoal, a comparison site and educational portal for the online trading and investing industry.
- Positions held overnight are not subject to fees, whether positive or negative, which is a distinctive aspect of worldtradex.
The broker offers three main account types; worldtradexFX MT4, worldtradexFX MT5, and worldtradexTrader. The score for this category was weighed down because only one base currency is available (USD) and there is no option for a raw spreads account. Payment methods refers to the various mediums by which users can credit and withdraw from their accounts.
Is worldtradexFX regulated and legit?
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. The worldtradex website features a robust economic calendar, including the time, date, country, actual figure, forecast figure, previous figure, and anticipated market impact of a given economic release. Robust charting is provided by TradingView, featuring 11 time frames, 11 chart types, and over 100 technical indicators.
He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry. The education section on the worldtradex website is well thought out, clearly presented, and made for different levels of traders – beginners, intermediate, and experienced.
These awards, and particularly the best in Asia award which they have won several times, highlights the positivity with which the broker is viewed by the rest of the industry, and the work they put into being the best possible. Yet, if you still prefer to use high leverage, the international entity of worldtradex Leverage still allows so. Since the regulation demands strict follow of Forex business operations management, it is considered safe to open an account either with Cyprus, South Africa or an international worldtradex entity. However, the payments we receive can influence the products, companies, or services we highlight and evaluate.