worldtradex opened for business in Cyprus in 2010 and has now expanded into more than 180 countries. In addition to EU regulation through the Cyprus Securities and Exchange Commission (CySEC), they are licensed as a registered investment firm in the United Kingdom, Australia, and South Africa. worldtradex has closed down operations in China, Russia, and Nigeria in recent years, focusing client development in more traditional venues.

• Among the drawbacks I found were the lack of an alternative to the MetaTrader 4 platform and elevated spreads on certain popular instruments, such as EUR/USD and GBP/JPY.
• This allows traders to leverage the expertise of successful traders or share their own strategies with others.
• Just a few days ago I closed excellent buy order on EURUSD currency pair.
• Credit and debit cards have a maximum transaction of $50,000 and have a withdrawal fee of up to 1.5 euros.
• I tested the desktop version of the MetaTrader 4 platform, which features multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool.

worldtradex Execution Model

The available materials and tools inform the broker’s clients of trading opportunities that are currently developing and explain how and why those opportunities are taking place. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money so that they can open bigger positions.

Note that while users may be able to trade 24 hours a day, spreads are less competitive during periods of low liquidity. There are no deposit fees (coverage for wire transfer charges for deposits over 10k USD). Traders can use the free MT4 download to install the platform on desktop devices, including Mac.

worldtradex Review

I can’ say that I used this broker’s service for real to know the difference. Anyway, I think with the variety that offer in many trading aspects, it makes them a good choice for any trader. worldtradex has an excellent reputation and is one of the industry leaders in the world of forex trading.

• I cannot find any reason for the platform to lack popularity, considering its services.
• Tempting trading conditionsHowever, my attention to worldtradex was captivated by its outstanding reputation with traders.
• Plus, this is an excellent tool for exploring other markets than the one you are focused on.
• Remember, while worldtradex strives to process all transactions quickly, external factors like bank processing times can affect the speed of withdrawals.

worldtradex operates through five entities, three of which are regulated by top-tier financial authorities, while the other two are offshore and unregulated. The broker ensures client safety by maintaining segregated accounts for client funds and offering negative balance protection. worldtradex provides access to the widely popular MetaTrader 4 platform and offers free Virtual Private Server (VPS) hosting for low-latency trading. The broker stands out with its extensive educational and research content, developed both in-house and sourced from the renowned Trading Central. The broker should consider releasing metatrader 5 platform to provide us with more charting and analytical tools more advanced.

Customer Support

worldtradex Academy provides impressive educational features for smaller and less-skilled traders. The portal would benefit from more advanced topics but the narrow focus on newer traders makes sense as a marketing tool. A webinar section was locked, leading to a live account application, while the seminar section contained just two non-English programs in MP4 format. The broker’s account diversity is impressive, with a tiered structure that includes floating vs. fixed and commission vs. no commission fee schedules. They round out their services with a variety of professional accounts, introducing broker (IB) branding and a portfolio management program. They recently added cryptocurrency coverage Worldtradex reviews to a broad selection of forex, spot, and CFD trading products.

worldtradexIntroducing Broker

Withdrawals from worldtradex are always done with the same method used for the deposit. worldtradex does not charge deposit fees, but banks may for wire transfers. Credit and debit cards have a maximum transaction of $50,000 and have a withdrawal fee of up to 1.5 euros. Deposits and withdrawals with Skrill cannot exceed $50,000, and withdrawal fees stand at 1 percent (up to $10,000).

worldtradex broker Account Types

Compare the markets and instruments offered by worldtradex and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Welcome bonuses are available at worldtradex when you register for a new account. However, they do change over time and vary between countries, so check the current offers available when you sign up.

worldtradex provides free Virtual Private Server (VPS) hosting, helping traders achieve ultra-fast order execution speeds and diminish the risk of negative slippage. Another perk for scalpers is the one-click trading feature available on MT4. However, the platform has cumbersome charts and lacks a timeframe lower than 1 minute.

worldtradex’s TradeCopier connects signal providers and signal followers and is available from the client portal. I found the leaderboard to be highly informative and easy to navigate. Signal followers can quickly and easily assess the performance of various trading strategies based on various parameters, including their average return, maximum risk, longevity, and more. I tested the desktop version of the MetaTrader 4 platform, which features multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool. These allow traders to examine market developments from different angles and exploit the underlying trading opportunities in multiple ways.

It is easy to be a part of fthem, and it is even entertaining to watch as other traders progress.The broker as not really as popular as it should be. I cannot find any reason for the platform to lack popularity, considering its services. Sure I would like to see a few improvements on the platform, but it is really darn fine. Alongside advanced functionality, ultra-fast execution and a user-friendly interface, MT4 is the ultimate choice for online forex trading. This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices.

The MetaTrader 5 platform is not currently available at worldtradex. With that said, the brokerage does have plans to introduce MT5 in the future. An account manager is available with all of worldtradex’s trading accounts.

The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself prior to or alongside your live CFD account. worldtradex offers about 310 tradable instruments across currency pairs, commodities, share CFDs, indices, and futures contracts.

They operate a counterparty dealing desk, raising conflict of interest issues, but offer direct interbank trading access in some account types. They provide no guaranteed stop-losses but negative balance protection is now mandated under ESMA rules. Secondary security features are unimpressive, with standard encryption at the website and no two-tier platform authentication beyond Metatrader’s one-time passwords (OTP). It introduces traders to the broker’s services and allows them to tweak their strategies in a risk-free environment.

Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers. worldtradex has its own Academy where you can learn via seminars and webinars, or find out about an expo to attend. worldtradex has its own set of trading tools, such as calculators for margins, pips, and currency conversions.

Alternatively, you can trade directly through MetaTrader’s WebTrader. The company’s past and present sponsorships with global brands, such as the Korean diving team and sailing athlete Marilena Makri, have set it apart from other brokers. Success in online trading and investing depends on proper planning based on solid information and useful market insight.