WorldtradexFX Review 2024: Security Fees Performance Analyzed

Withdrawals can be initiated from the website dashboard or through the mobile app. Worldtradex offers trading accounts denominated exclusively in US Dollars (USD). Deposits made through Visa, Mastercard, Skrill, Neteller, or Perfect Money that use a currency other than the US Dollar will be converted to USD by the payment provider at their internal exchange rate and may charge additional fees. The WorldtradexFX MT5 pro account is one which they recommend for the more experienced traders. With that said, the minimum deposit here is still low enough for all types of trader to get involved.

We would advise you to stick to the web-based version for more advanced options and a better experience. Like the MT4 platform, this platform allows you to trade on a computer, and mobile, either on iOS or Android. For credit card funding, the initial deposit amount will be refunded. Any profits that exceed this funding level will need to be received through an alternate method like bank wire or e-wallet. We would also like to point out that all accounts come with a minimum lot size of 0.01 with no maximum lot size.

WorldtradexFX Islamic accounts are available quickly and conveniently where needed by simply clicking “swap-free” when you open a new account. If you need an WorldtradexFX Islamic account, then these are also available. Here will have an account that is totally Sharia law compliant and benefit from the award-winning service of WorldtradexFX in the area.

Worldtradex also provides services through Uni Fin Invest, which is based in Mauritius and operates under the regulations of the local financial authority. Worldtradex Markets Ltd serves its clients in the Americas and other parts of the world and is regulated by the Mwali International Services Authority (MISA) in the Comoros. This regulation does not provide significant protection for consumers. On the positive side, it allows Worldtradex greater flexibility in leverage and instruments while still serving clients from around the globe.

• The MetaTrader suite of services is the most popular globally due to the blend of features it offers, and the WorldtradexTrader platform is developing a following of it’s own.
• For example, if the bonus totals USD 400, the client must trade 200 lots to be able to withdraw it.
• I and quite impressed with the economic calendar offered by WorldtradexFX.
• WorldtradexFX is a global forex and CFD broker that has been providing online trading services since 2011.
• This is an observation rather than a criticism as it just demonstrates the way the site allows aggressive trading strategies to be carried out.

Account Types

Worldtradex’s market research is well organized and varied in its content. Rather than specializing in any one field, Worldtradex provides a wide assortment of content types. However, when compared to research leaders IG, Saxo, and CMC Markets, Worldtradex has room to enhance its research offering. For instance, I found that the content on the Worldtradex Blog is not updated daily across all categories.

They have options like Skrill and Neteller, which is fine, but I was bummed Paypal wasn’t there. Seems like a pretty standard thing these days.The minimum withdrawal amounts are all over the place too. Five bucks with Skrill, but gotta have a whopping $350 for a bank transfer in India! At least they tell you upfront how long it takes – one to three hours to process, which sounds okay.

What are Worldtradex deposit and withdrawal options?

With the mobile Worldtradex app, you can manage all accounts without downloading MT4 and MT5 on your phone. However, not all platforms have the same instruments available for trading. However, the range of available methods for the region where the review was conducted from is not very broad, as transfers and credit cards (debit) are not available.

Very best broker all over the world

Worldtradex is not ideal for those seeking ETFs or comprehensive investment solutions. While the platform does not support RAW Spread/ECN accounts, it remains a viable choice for active traders who benefit from competitive conditions and are comfortable with occasional payment method adjustments. Overall, Worldtradex’s offerings cater well to both novice and experienced Forex traders who can tolerate its limitations.

With WorldtradexFX every asset except for crypto is available for trading on a 24/5 basis, Monday – Friday. This applies to all markets including forex, commodities, and cryptos. Managing risk is of course a vital element for any forex trader and broker combination. WorldtradexFX utilizes all of the tools that are in place with your trading platform to help you to do this. If you are outside the EU, then you will have access to the MT4 Micro account type.

A few minutes after submitting the withdrawal, we received a confirmation email. At that point, we could see our withdrawal status as “pending” in the dashboard. Less than 30 minutes later, the withdrawal was successfully completed, with the amount credited to our cryptocurrency wallet. The amount experienced a slight deduction due to conversion fees, but no additional charges were applied. To withdraw the bonus, the client must trade a number of lots equal to half of the bonus amount. For example, if the bonus totals USD 400, the client must trade 200 lots to be able to withdraw it.

Worldtradex Trading Settings

The MT4 account demonstrates the limited selection by only offering four stock indices (AUS200, GER30, NAS100, US30). Forex pairs, metals, indices, energies and cryptos are all available, but traders looking for single stock names will be disappointed. With less than 100 instruments on offer, there is no space for the more complex instruments such as options found in the quieter corners of the financial markets.

• The availability of these payment methods may also depend on your country of residence.
• Here you can benefit from the ICF insurance protections provided in the case of bankruptcy or insolvency.
• 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.

Here you can learn the ropes, ideal for a beginner, with no obligation to enter live trading. With WorldtradexFX another of the measures in place to keep you safe as a trader is negative balance protection. 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. In this WorldtradexFX review, you will find everything you need to know on Worldtradex forex broker the key areas of the broker like spreads, account types, and security.

What methods are available for depositing and withdrawing funds?

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. Available trading platforms include MetaTrader 4 (Web, App, and Desktop), MetaTrader 5 (Web, App, and Desktop), and the proprietary web-based WorldtradexTrader, along with the Worldtradex Copytrading app. Filippo specializes in the best Forex brokers for beginners and professionals to help traders find the best trading solutions for their needs.

The dashboard includes a “Monitoring” area where users can view and share their performance, charts, profits, orders, and history with others. Both the user and any interested party can access this section to see the performance of accounts that have opted for public visibility. Worldtradex provides a variety of educational resources aimed at enhancing trading skills. These resources are crucial for developing a solid foundation in trading principles and practices. Additionally, the Worldtradex platform features a one-click trading button that cannot be removed, which poses a risk since clicking it executes trades without confirmation. Alerts and each executed order are notified through browser notifications.

Both social and copy trading is well provided for at WorldtradexFX through their own proprietary copy trading service. The only real difference here being that as https://worldtradex.world/ a master you can earn commission. The platform can be accessed through Windows, Mac, iOS, or Android, and is an excellent and very well-respected trading platform among the community. Again the platform is available on all mediums and a webtrader is offered. Even though the spreads can also be very low on MT4, and MT5 accounts, as low as 0.2 pips. All of the same withdrawal methods are also available as your deposit method.