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. It also provides for detailed analysis with market reports and more to offer. During this period you will be featured on a leaderboard for your virtual trades with the aim to reach the top where real prizes of up to $1,000 withdrawable money on MT4.

About this app

Whilst it does allow users to keep on top of administrative tasks such as withdrawing and depositing funds it has the feeling of something that in essence was designed to help traders trade. In our worldtradexFX Broker Review, we found that the fees and commissions are structured differently according to account type. Micro, Pro and ECN accounts use the MT4, MT5 and ECN software platforms, respectively, and support different trading approaches, hence the variation in charges. Each trading platform has its own set of tradable indices and features that define your experience.

worldtradexFX offers CFD trading on forex, commodities, stocks, indices and cryptocurrencies. You can trade across the MetaTrader and cTrader suite of trading platforms as well as their own intuitive trading app. The copytrading app lets you conveniently copy signals from hundreds of other traders. The app interface is very user friendly making it easy to find signal providers to follow based on your customised filters.

Is worldtradex a good broker for beginners?

• You can always switch over to a live account when you feel ready to do so.
• Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders.
• Blueberry Markets is a popular, moderate-risk, and multi-asset CFD broker.
• You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money.
• As a licensed broker that obliges to safety measures, worldtradex Cyprus offers only Bank Wire Transfer for its European clients.

worldtradex research upholds elite-level online training & education quality that is grounded firmly on empirical and social science. The risk level is defined also by the leverage level you use since higher leverage dramatically increases your high risk of losing money as well. For this reason, world authorities and regulators restrict leverage to use to specify safer levels for retail traders. As for the leverage, a known instrument that increases the initial capital Worldtradex reviews you trading with and can be a very useful tool to magnify potential gains is offered by the worldtradex broker as well.

How are Execution, leverage and position sizing with worldtradexFX?

Furthermore, although worldtradex does not charge inactivity fees, traders who deposit or withdraw in currencies other than USD or EUR could have to pay for the conversion. For traders trying to cut non-trading costs, worldtradex’s attitude to extra fees stresses affordability and openness, which appeals. worldtradex is indeed more appealing and more widely offering various attractive tools and proposals on International trading therefore Broker is better for International traders. worldtradex International is useful since it provides a complete learning center, including webinars, videos, and articles, also various research and promotional tools are appealing too. Managing risk is of course a vital element for any forex trader and broker combination.

The differences are the platform and assets options, thats pretty much it. I presonally chose the second option that works with mt5, as the platform is more suitable for me. worldtradex ensures traders’ easy access to help by offering several lines of communication. Live chat is the main means of contact; it provides quick help and is open 24/7 in English, Hindi, and Urdu, among other languages.

Note that there are other available deposit options on worldtradexFX, but they all vary based on the country where you’re residing. Then you can use worldtradexFX on your Android phone and trade from the comfort of your home. To do that, head over to the Google Play Store and download the worldtradexFX mobile app.

worldtradex FX Charting and Tools

• I like how they operate as an ECN broker as this means they can deliver superior trading conditions which can be important especially for those who are day trading and using scalping strategies.
• Tell us and if we have the right information, we will actively support your case through mediation with the broker.
• The variable spreads start from 0.2 – 0.4 pips with a commission already rolled in and no other mark-up to worry about on your MT4 Micro, or MT5 Pro Account.
• Then you can use worldtradexFX on your Android phone and trade from the comfort of your home.
• There is an element of simplicity that you find in many of the more bespoke platforms designed for the modern user that many will enjoy.
• The app has been downloaded more than 5 million times, with a 4.5 star rating out of 5, which is impressive indeed.

CTrader is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). I would say this is the platform of choice for the professional trader. However, it is not available through many brokers so you could limit your options should you decide to switch brokers down the line.

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. The trading interface of the mobile app is quite basic, yet it is functional. Its only limitation to client is its small screen resolution, hence, making deep technical analysis somewhat difficult. However, on a review that an account has been inactive for long it gets deactivated.

It has management systems that ensure that clients do not lose more than initially invested. If account balances become negative due to Stop-Out, worldtradexFx compensates the account by adjusting the account balance to zero, ensuring the risk is limited to only deposited funds. 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.

This means that you can never lose more money than the balance of your account. This service is offered worldwide, regardless of whether it is required by the regulators or not. The platform itself is easy to use on both sides and provides you with a good ability to see the performance of other traders and a number of metrics. In fact, the platform and broker have won many awards for this service. To get started with worldtradexFX, you should be aware of the minimum deposit requirements, which vary depending on the account type you choose.

Whilst we try to keep information accurate and up to date, things can change without notice and therefore you should do your own research. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. Islamic swap free accounts that comply with Sharia law are available. It is great to see the broker supports clients with different religious beliefs although this is pretty standard nowadays. It’s easy to add cryptocurrencies to your list of instruments on the MT4 platform.

worldtradexFX forex broker (Company Information + Regulation)

An extensive range of support channels is available to users of worldtradexFX. Whether you prefer reaching out via live chat, email, or phone, the platform ensures that you can connect with a representative whenever required. This flexibility is designed to cater to your individual preferences, offering you convenience in accessing support. It is clear that the Education section of worldtradex’s website is of great importance to the broker.