While this is a positive aspect, it can work in the opposite direction too. We have talked about the pros and cons, pricing, customer reviews, and main features. It’s important to remember that this broker isn’t available for everyone, due to geographical restrictions. However, for those who can sign up, there are many positive aspects. While worldtradex has many happy customers, there are almost as many giving mixed reviews.
It allows for both independent trading and investment in copy trading with equal success. With 11 funding and withdrawal methods, including credit cards, digital wallets, and cryptocurrencies, worldtradex makes transferring money in and out of your account easy. Withdrawal requests are processed internally within 24 hours, which is relatively fast. The Copy Trading service at worldtradex allows clients to select strategies based on parameters such as profitability, number of investors, and age. There is no need to download or install any software as trades are copied automatically in the web-based platform.
Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry. worldtradex earned the highest score in the research category with a blend of actionable in-house analysis, innovative tools, and trade ideas from Autochartist. I rate the research offering at worldtradex as above average for the industry. One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage.
- The MetaTrader 5 (Check the best MT5 brokers here) custom trading app condenses the core features of the desktop platform into a simple and user-friendly smartphone interface.
- However, it’s important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD.
- With the AMTrader Mobile Platform, you can stay connected to the markets and trade with ease, no matter where you are.
- MetaTrader 4 is an industry standard, favored for its beginner-friendly design, wide array of indicators (30), and support for 9 timeframes.
Also some financial instruments mentioned in any worldtradex educational resources may not be available in your region. Whatever you are looking to trade, the varying worldtradex account types will be able to provide you with what you need. With Autochartist, worldtradex traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save worldtradex users time and makes the trading process more efficient. This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. However, if you’re looking for a broker that does offer cTrader, you can explore Worldtradex website other options available through the provided link.
By doing so, traders can trade with peace of mind, knowing that worldtradex losses are limited to the funds available in your worldtradex account when negative balance protection is in place. worldtradex MetaTrader 5 (MT5) is a multi-asset trading platform with an extensive range of trading features and financial research tools. Besides the ability to trade Forex and CFDs, worldtradex MT5 offers access to trade Futures, Stocks, Algorithmic Trading, ETFs, and Indices. MT5 was launched in 2010 and came with advanced charting tools, additional timeframes, and an updated version of MetaTrader 4.
worldtradex review – a broker with 1:3000 leverage
Besides the volume-based cashback rebate and VIP programs, worldtradex features a promotion allowing traders to earn money, which they can transfer as a bonus to live trading accounts. worldtradex also pays a bonus for traders who switch from another broker and if they want to transfer open positions. It’s important for worldtradex traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks.
Trade worldtradex MetaTrader 5 WebTrader
Registered and licensed offshore on the island of Mwali (Comoros), it provides access to trading in CFDs on currency pairs, commodities, indices, shares, ETFs, bonds, futures, and cryptocurrencies. Our over 15 years of experience in financial markets and high technical knowledge aid in precise and timely identifications. Our independence from brokers and the companies we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria. These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency.
It lacks coverage of core topics and provides readers with reasons to trade Forex rather than educating beginners on how to get started. I like its focus on trading strategies, but I need critical educational material. worldtradex is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client. Verify My Trade and Autochartist company verifies and audits order execution monthly, which traders can access. Trading financial instruments such as foreign currency markets and other financial instruments involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds.
Trading on worldtradex web platforms and other applications
Another advantage of choosing worldtradex broker is its range of trading platforms. The first option is ideal for beginner traders, yet many experienced traders also enjoy its features. This platform has a number of analytical tools and is available via an app, web, or PC/Mac download. worldtradex’ live chat feature offers instant access to customer support, allowing traders to receive real-time assistance directly from the trading platform.
Reviews
- While there are no deposit fees, withdrawals come with a charge and are the most costly via credit card.
- worldtradex also has the MT4 MultiTerminal for asset managers and traders with multiple accounts.
- You must be diligent and thorough in your worldtradex review selection process to safeguard your hard-earned money.
- It is common to experience rapid losses when trading financial investments like Forex due to market volatility.
- Withdrawal fees depend on the payment processor, and worldtradex processes all requests within 24 hours.
An ID or passport will do the job, and documents should be valid and issued by legit government authorities. After this process, it is recommended to verify the payment method that you are going to use. Just log in to your account on the preferred payment method’s account screenshot and send it to worldtradex. Cryptocurrencies became very popular lately and worldtradex provides their traders with a number of cryptos to trade.
The About page covers the company history, mission statement, how client funds are protected, and awards. Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives. Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders. Participating in financial markets involves high risk, which can result in the loss of part or all of your investment. Spreads starting from 0 pips, +500 tradable assets, and compensation funds of up to 20,000 EUR per trade claim are some of the features in worldtradex. The MetaTrader 5 terminal, an improved version of the popular platform, is also available for trading.
No, all deposits are commission-free, regardless of the payment method. Partners receive one-time payments, up to $20 for confirmed registrations and up to $500 for funded accounts, depending on https://worldtradex.bid/ the deposit amount. Partners earn up to 80% of worldtradex’ revenue from trades made by their referred clients, regardless of the client’s trading success. Yes, worldtradex allows you to transfer any profit earned on a demo account to a live account. worldtradex offers an exclusive 20% bonus on your deposit when you switch from another broker. worldtradex is not one of the secure Forex Brokers since it does not hold a license from any worldwide serious Forex authority.
They also offer an Islamic account option for traders who adhere to Islamic rules on trading. The app supports several different languages, alongside 24/7 customer support, lime and demo trading, and the ability to withdraw and deposit funds. This includes 44 currency pairs, 7 metals, 11 indices, 11 commodities, 2 bonds, 433 stocks, 230 ETFs, and 27 cryptocurrencies. Additionally, the VIP program is open to clients with at least $20,000 in an account. This status gives access to increased cashback, bonus trading funds, priority withdrawals, free VPS, and reduced swaps up to 30%.
worldtradex Inactivity Fees
Whether on iOS, Android, or any other device, you can enjoy the full functionality of the platform. Even the ‘Pro’ version, with its advanced charting tools, market data, and real-time analysis, is available for mobile use, allowing you to trade anytime, anywhere. With the AMTrader Mobile Platform, you can stay connected to the markets and trade with ease, no matter where you are. The Standard account offers floating spreads starting from 1.3 pips with no commissions. The ECN account has tighter spreads from 0.2 pips but charges a commission of $2.5 per lot per side. The Fixed account offers fixed spreads starting from 3 pips with no commissions, while the Zero account offers spreads from 0 pips but charges a minimal commission starting at $0.01 per side.
worldtradex fees compared to worldtradex fees
worldtradex operates internationally under a single brand, with a legal structure that ensures operational reliability, business stability, and the safety of client funds. An affiliate program has been developed for active users who want to earn extra income. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn’t imply direct instructions for investing.