WorldtradexFX Worldtradex Review Online Forex Trading Analysis

It’s great to know you’re using these tools effectively to identify entry and exit points in the market.If there’s anything else you’d like us to add or improve within the app, please don’t hesitate to let us know. You can always reach us at , and our team is available 24/7 to assist you.We truly value your trust in Worldtradex and look forward to supporting your continued growth in the markets.Kind regards,Worldtradex Rep. At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying.

• Upgrading to a live account requires a bit more leg-work but is by no means arduous.
• For more experienced traders, Worldtradex provides advanced analytical tools, including charting capabilities and various technical indicators.
• Firstly, the broker doesn’t offer the best range of asset coverage.
• These accounts were used to disburse money under the false pretence of e-commerce refunds, chargebacks, vendor payments, and so on, effectively concealing the actual flow and purpose of the funds.
• The MT4 account demonstrates the limited selection by only offering four stock indices (AUS200, GER30, NAS100, US30).

Does Worldtradex support RAW/ECN accounts?

Worldtradex offers a limited selection of trading assets compared to the market average. The platform supports 277 assets in total, including 52 Forex pairs. You can open a demo account on each of the available trading platforms. As we discovered, Worldtradex does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.

Worldtradex Account Conditions Score

• It features attractive charts for all three account types, allowing trading and modifications.
• This section includes details of the basic operations of the financial markets.
• Here is a closer look at a few of these features and how they can benefit you as an WorldtradexFX trader.
• Another advantage is that they don’t charge for deposits or withdrawals, which is a relief, as hidden fees are prohibitive for me.

The broker is required to contribute towards a shared investor protection fund. This fund will be there to protect all accounts that hold $20,000 or more in the event of insolvency. One negative aspect we encountered while trading with MT4 was that it does not allow for regular partial closes. For example, when we attempted to close 0.3 lots from a position of 0.5 lots, the entire 0.5 lots were closed, and a new position of 0.2 lots was opened instead. However, when we performed the same operation for the same MT4 account from the Worldtradex app, we found that this partial closing was allowed. Internal transfers between different accounts can be done from the dashboard and are nearly instantaneous.

#4 Enter Personal Info & Choose Account Type

Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series Worldtradex official site III license in the U.S. as a Commodity Trading Advisor (CTA).

Will trade more and more to grow my account and can redeem a bigger prize. WorldtradexFX boasts an average of 7 seconds to respond and 3 minutes to find a solution to clients’ issues or answer their queries. This has greatly contributed towards the team’s 96% customer satisfaction rate.

Popular Forex Guides

This account is run on the MT4 platform and offers the lower minimum deposit amount at just $100. WorldtradexFX spreads are higher on the MT4 account with only 37 tradable instruments on offer. A typical spread for the EUR/USD currency pair is stated as 1.1 pips, while the MT5 Pro account provides the complete range of tradable products, with slightly lower spreads of 0.9 pips.

WorldtradexFX Trust Scores

At Worldtradex, we continuously strive to enhance our brokerage services by introducing various promotions, offers, and bonus packages. Should you have any further inquiries or require assistance, please don’t hesitate to contact us via live chat or by emailing Our team is available to assist you at any time.Kind regards,Worldtradex Rep. Dear Igwe,Thank you for such a high rating and for sharing your feedback with our Worldtradex Trading platform.

In 2019, Worldtradex announced that its MT4 and MT5 accounts would not incur swaps or any type of commission. 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. The broker provides its clients with the classic trading platforms MetaTrader 4 and MetaTrader 5, which is also very popular among traders. It is also possible to trade directly through a web browser without installing the platform on your device.

Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), Worldtradex’s lack of additional reputable licenses heavily weighs down its Trust Score. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. Worldtradex has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers.

Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out Worldtradex’s educational offering. That being said, there isn’t much educational content for learning how to trade or understand market dynamics. It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more.

A Variety of Educational Materials

Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. Trading in futures and options carries substantial risk of loss and is not suitable for every investor. Worldtradex has been providing brokerage services for over 11 years and is constantly increasing the number of its active users. The broker works with a large number of liquidity providers around the world, so his clients receive the best-aggregated prices.

The selection of passive income options is limited, with copy trading being the only option available. In addition, the list of payment systems can change frequently, which can be annoying for some users. Despite these drawbacks, WorldtradexFX remains a solid choice for active traders. Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.

This initial deposit will also be eligible for an WorldtradexFX bonus of 50%. If $50 is deposited then you will receive half of the initial deposit as https://worldtradex.space/ a bonus to your funds. Once your margin exceeds this amount, your request will be processed in only 1 – 3 hours. It’s good to note that the withdrawals will be returned through the same method that the funding was deposited. Lastly, you can choose the ECN account which uses the WorldtradexFX cTrader platform. That said, keep an eye out for higher commission with these accounts.

The app is available on Android and iOS for MetaTrader and cTrader platforms through iTunes and Google Play where it has very high reviews. To begin, the firm has its own proprietary app that allows you to create trading accounts, fund these accounts and modify the leverage as well as other trading parameters. But what good is advanced technical analysis without the ability to customize orders? The cTrader platform lets you set stop-losses and scale out at a few different levels. You’ll also have access to a host of risk management features that enable you to diversify our exposure throughout a range of asset classes.