The trading interface of worldtradexTrader is quite unique, it presents users with extended functionality. It combines market data with charting, so customers can see live prices of instruments even as they perform live analysis. worldtradexFx offers 33+ forex pairs, inclusive of majors (the EUR/USD pair, GBP/USD, USD/JPY), minors (EUR/GBP, GBP/CAD, AUD/CAD) and other exotic pairs. Clients are allowed to trade their favorites, and at that, with low spreads.
worldtradexFx Copy Trading
The other feature I liked was that you do not pay swap fees on your CFD positions, saving you money should you keep your trades open longer than 24 hours. This makes worldtradex an attractive option for stock trading CFDs as you won’t need to worry about swap fees cancelling any day’s profits, so you can keep the positions open. Yes, worldtradexFX is regulated by the FSA of Saint Vincent and the Grenadines, offering a level of security and protection for traders. While it is not regulated by top-tier authorities like FCA or ASIC, it is regulated by the FSA (Financial Services Authority) of Saint Vincent and the Grenadines. Additionally, worldtradexFX has garnered a good reputation over the years, receiving awards for its trading services and client support. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.
Depending on the withdrawal method used, the minimum withdrawal amount is $5. However, customers can withdraw as many times as they wish and withdrawal is free. Their website says they have more than 21 million trading accounts in 180 countries. They offer 230 CFDs on different things like forex, commodities, indices, and cryptocurrencies. You can use MetaTrader 4, MetaTrader 5, or their own worldtradexTrader to trade.
worldtradexFx Trading Platforms
A low spread andminimum depositas well as its own copy trading service make it perfect for many. While they do offer top trading platforms MT4 and MT5, if you are looking for a wide range of assets they may not be perfect. Secondly, we have the Pro Account which uses the more advanced MT5 platform. This account offers lower spreads than the Micro Account as well as lower trading costs for higher volume traders. You will pay a slightly higher minimum deposit to avail of this account.
Charting Tools
- You can trade via very easy to use platform on all of your devices.
- worldtradex has over 50 different payment options, such as Visa, Neteller, Fasapay, and bitcoin, as well as a large variety of local bank transfers.
- As for education, I found worldtradex provides a consistent stream of webinars with professional traders through a live trading session aimed at all levels.
- This is a distinct characteristic that avoids surprises, which are mostly negative for traders, especially on certain days when swaps can be doubled.
Plus, you can fine-tune the Space by choosing specific instruments only to receive these ideas from – in my instance, I chose USD/JPY, gold, and EUR/USD. The live chat is 24/7 which is great to see, but the experience I’d say is a mixed bag. I like that you don’t have to fill out a questionnaire for support, you are taken directly to help in the form of AI. I was impressed with the efficiency and low-cost approach to depositing and withdrawing with worldtradex. The range of deposit methods is decent, covering traditional, e-wallet and crypto, giving you a great choice of how to deposit (and withdraw) with no fees. Crypto is the slowest to deposit with 3-30 minutes which is Worldtradex website still extremely fast in my books as some brokers can take 24 hours to credit your account.
Spreads can be as tight as 0.0 pips and those who go with the ECN/STP processing option will be provided with exceptional flow quality and reduced slippage. Its worldtradexFX.eu arm is regulated by CySec (Cyprus Securities and Exchange Commission) and has offices worldwide. The firm has a strong foothold in the Asian market through its offering an outstanding trade execution service that appeals to traders from all corners of the world.
The MT5 account offers a wider range of markets than the MT4 account and there are no swaps. Should you need it though, the customer service team is available through live chat, phone, and email to deal efficiently with any problems that may arise. worldtradexFX provides well in terms of language choice to traders, though there is a clear focus on the Asian market when it comes to available languages. Both social and copy trading is well provided for at worldtradexFX through their own proprietary copy trading service.
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worldtradexFX is a global forex and CFD broker that has been providing online trading services since 2011. Headquartered in Saint Lucia, the company has grown to serve over 12 million client accounts from more than 180 countries. worldtradexFX is regulated by several decent financial authorities and has a good record in that regard.
Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. worldtradex is regulated in Cyprus by the Securities & Exchange Commission (CySEC) and in South Africa by the Financial Sector Conduct Authority (FSCA). worldtradex holds just one Tier-1 license and one Tier-2 license, resulting in a grade of «Average Risk» within the ForexBrokers.com Trust Score rating system.
- This is $50 minimum deposit within the EU with the account being available worldwide.
- Established in 2011 and located in London, worldtradexFx is a forex broker that renders its services to users worldwide.
- During the review, we faced a minimum deposit of 50 USDT (Tether).
- On the upside, those markets that are available are traded using the MetaTrader platforms, so at least the quality of service is guaranteed to be high.
The cTrader platform lets you set stop-losses and scale out at a few different levels. You’ll also have access to a host of risk management features that enable you to diversify our exposure throughout a range of asset classes. This account is run on the MT4 platform and offers the lower minimum deposit amount at just $100. worldtradexFX spreads are higher on the MT4 account with only 37 tradable instruments on offer.
Its only limitation to client is its small screen resolution, hence, making deep technical analysis somewhat difficult. Information on the TopForx.com website is for informational purposes only and does not constitute any motive or suggestion for visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested, and only 11-25% of traders earn a profit. worldtradexTrader is a built-in trading platform available on the web and as an app. It provides currency rates and tools to track markets, news, and events like the Economic Calendar.
This is great for skilled traders who want good charting services. Every worldtradex client can participate in the Champion Demo Contest by trading in a demo account. The top 5 users with the highest balance by the end of the contest round can win prizes ranging from $500 to $40.
The only traditional method available was Mastercard (debit card) which I used to fund my account and was instantly applied to my trading account after making my deposit. I think having worldtradex Copy is a good alternative for beginners or those who don’t want to invest their time in learning how to trade. At least this way, you can copy an experienced trader and benefit from leveraged products such as forex, crypto or commodities like gold.