During our testing, we did find that when we scaled up into maximum position size, we were able to get very close to using up our maximum margin capacity when executing. This is an observation rather than a criticism as it just demonstrates the way the site allows aggressive trading strategies to be carried out. worldtradex 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.
- This worldtradex trading app designed especially for making copy trading as straightforward as possible lets traders copy orders from master traders who have chalked up more trading experience.
- These include webinars, video tutorials, market analysis, and trading signals, all aimed at helping new traders improve their skills and knowledge.
- For those familiar with cryptocurrency wallets, this process is very simple and quick.
- It is the perfect opportunity to trade in a no-risk environment with virtual funds, but which also perfectly replicates live trading.
Social Trading – Copy Trading
worldtradex, in this regard, stands firm as it complies with all necessary regulations and takes substantive measures to ensure client funds’ safety. In general, worldtradex appeared to me as trustworhy and transparent broker. I’d add community chat or ways to communicate with other worldtradex traders. In an official response worldtradexFX said that details such as the software used, profit figures, and internal documents constitute proprietary information. We categorically deny the baseless allegations regarding the use of any data visualization platform to manipulate or misrepresent financial health. Given the sensitive nature of such information, it is contradictory to suggest that worldtradex would openly misuse it to mislead investors or stakeholders.
However, one should also consider worldtradexFX’s fee structure and the requirements to access certain features, such as the VPS service, which requires a $500 initial deposit and a monthly trading minimum. Our findings also highlight that customer service is one of worldtradexFX’s strongest suits, and it consistently receives positive feedback for responsiveness and efficiency. However, some traders have expressed a desire for more in-depth assistance, indicating room for improvement. However, while customer service is generally praised, there have been rare reports of traders desiring more thorough instructions. When testing worldtradexFX’s customer support, we found that worldtradexFX excels, an aspect of the Forex and CFD trading industry that cannot be overlooked. Furthermore, Emirati traders have complete control over the withdrawal of their accrued rebates based on the withdrawal options available.
MT5 is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). worldtradex offers more than 300 trading instruments across its accounts, including 52 Forex pairs and 277 CFDs, encompassing indices, commodities, and cryptocurrencies. Additionally, approximately 30 cryptocurrency assets are available (also during weekends). Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms. He is an expert in Compliance and Security Policies for consumer protection in this sector. Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings.
Account opening is very much a standard process these days, but worldtradex does offer a particularly neat twist to the situation. The broker takes advantage of some of its clients being domiciled in regions that still permit promotions, and those clients can benefit from a range of offers. There is no extra verification required, and once a client’s separate wallet is set up, it’s easy to hook up to the signals of other traders. It’s possible to access the worldtradex services while on the move by using the worldtradexTrader app, MetaTrader app or through internet browsers. The MT5 account offers a wider range of markets than the MT4 account and there are no swaps. Investing in financial instruments, commodities, and other assets carries inherent risks, and there is a possibility that you may lose your entire investment.
These tactics include the responsible usage of leverage, using the stop loss function, and keeping an eye on your trading volumes. worldtradexFX is a reliable broker and has been on the market for more than 11 years now. The company has clients from over 180 countries and has earned 60 industry awards, according to its website. We can confidently say, worldtradexFX is a safe option to deposit your funds, but is it also the most suitable one for you and your needs? After testing the platform with our own money and comparing it to hundreds of other sites, here are our pros and cons. All online trading activities are regulated by government financial authorities, so trades play a very important role.
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 found the average ‘first response’ time to be greater than the seven seconds claimed on the firm’s site. In fact, in only a handful of instances did the response time beat the seven second figure. In over 96% of cases, our queries were processed to the point of satisfaction on the first interaction. We would also support the site’s claim that full resolution was achieved within three minutes.
In South Africa, worldtradex provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). Trading instruments provided by worldtradex have some of the lowest spreads in the industry. The spreads for both the MT4 and MT5 accounts are floating and start at 0.7 pips. Clients using the worldtradexTrader, MT4 or MT5 account do not have to pay swaps.
Traders must first create a Copier account and deposit funds into their Wallet. Following that, they can select specific Masters whose trading activities they can automatically copy, allowing them to profit from proven trading strategies. Once all steps have been completed, contact the customer support team to confirm the closure of your account.
There may also be a fixed exchange rate in place to benefit you as a trader depending on location. Here the broker makes a special fixed exchange rate of 1 USD to 10,000 IDR available that can help traders combat currency volatility. The only exceptions here may be in the case of your deposit not matching the base currency on your account, you would then have to pay a conversion fee. Your bank may also charge you a commission or fee on wire transfers, though there is no fee directly from the broker. The deposit methods available to you when trading with worldtradexFX will depend on where you live, but wire transfers, major credit/debit cards, and eWallets such as Skrill are typically available worldwide.
Social Trading and Copy Trading
- This is $50 minimum deposit within the EU with the account being available worldwide.
- We encourage you to explore these resources for an even better experience.If you ever have any questions or need assistance, feel free to reach out via live chat or email at We’re always here to help!
- Alternatively, for new and experienced traders alike with a lower risk tolerance, they may instead opt for a demo account.
They complain of worldtradexFx being a scam broker, denying them withdrawals and going on to block their accounts. After 324 reviews, worldtradexFx holds a rating of 2.997 out of 5 stars on Forexpeacearmy. While some people praise the broker wholeheartedly saying it’s one of the best online trading brokers, others say it is no scam but is poorly managed. However, there are a Worldtradex scam good number of posted reviews of people denouncing the broker for withdrawal problems and bad trading experience. The Mobile app offers market data; quotes in simple and advanced modes. Users can decide to view prices of their chosen trading instruments in advanced mode, showing its spread and daily highs or in simple mode without the extra information.
worldtradex Charts and Analysis
However, not all platforms have the same instruments available for trading. In our review, the entire withdrawal process took less than 35 minutes. We accessed the withdrawal section in the dashboard, where we entered the amount and selected the method, in this case, Tether (TRC20). The options mirrored those available for deposits, although, as expected, the only method available for withdrawals was the one we used for depositing funds. Withdrawals must be made using the same methods as deposits, meaning all available deposit methods can also be used for withdrawals. To enable multiple withdrawal methods, a new deposit using a different method is required.
Opening an account with worldtradex is a relatively straightforward process. Traders can access MT4, MT5, and worldtradexTrader via web applications directly from their browsers, conveniently skipping the need for software installation. Guaranteed stop order fees, overnight funding fees, and currency conversion fees are not separately specified by worldtradex. These are really cool guys and even have a small experience of working with them. Copy trading at worldtradex with dat choice of leaders is getting more interesting for me. There are guys with solid performance, so their strategy can be quickly evaluated and then you can fastly get in.
Best Trading Brokers
I think they can be worth consideration for anyone who is primarily looking to trade forex in a regulated environment backed by award winning customer support. Starting with the worldtradexTrader, this account boasts spreads from as low as 0.6 pips, offering a competitive edge with its floating spread and markup strategy. Remarkably, there are no trading commissions, nor fees for deposits and withdrawals, making it an appealing choice for those looking to maximize their trading value. Founded in 2011, worldtradexFX provide a fantastic selection of use-friendly yet powerful platforms for trading forex and CFD instruments with very competitive costs.
Before making financial decisions, we urge you to conduct thorough research, exercise personal judgment, and consult with professionals. The content is not tailored to individual financial circumstances or needs. Information on this website might not be in real-time or entirely accurate, with prices potentially sourced from market participants rather than exchanges. Any financial decisions you make are your sole responsibility, and reliance on any site information is at your own risk.
Mobile Trading Apps
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). worldtradex has made great strides with innovation in its web platform, and new educational content, but https://worldtradex.live/ offers a limited range of tradeable instruments compared to the best multi-asset brokers. worldtradex may be best suited if you are new to trading and live in a region where you require support in non-English languages, such as Southeast Asia. worldtradex provides fully functional mobile trading 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.