Available for Android and iOS smartphones, the worldtradex MobileTrader app offers a flawless trading experience. The program showed amazing capability during testing, letting users access more than eighty trading instruments and make swift trades. With 30 technical indicators and 15 drawing tools, the app allows efficient chart analysis right away.
Whether you’re experienced or new to the industry, worldtradex’s tools and support will help you succeed and earn consistent commissions. worldtradex stands out as a strong option for traders seeking a commission-free broker with a diverse selection of financial instruments. Its international presence and commitment to providing educational support make it an attractive choice for both novice and experienced traders.
During our testing, we confirmed that no swap fees are charged for maintaining open positions not only overnight but also during the weekend for several days. Entry and exit orders were executed as intended, with only minor slippage observed. Limit orders were adjusted almost exactly to the specified price without jumps, though a small percentage of stop orders did experience some variation. Scalping, hedging, and the use of expert advisors (EAs) for algorithmic trading are permitted. For instance, arbitrage trading is prohibited under their Customer Agreement. worldtradex does not provide services to citizens of the United States (US) and residents of Canada, Spain, Belgium, India, Iran, Myanmar, North Korea, Pakistan, the Philippines, the United Kingdom, and the US.
worldtradex offers competitive spreads across its platforms, with major currency pairs such https://worldtradex.blog/ as EUR/USD starting from as low as 0.4 pips. For those using ECN accounts, spreads can be even tighter, although a small commission is charged per trade. Combined with the broker’s fast execution speeds, these features make worldtradex an appealing choice for traders of all experience levels. worldtradex, established in 2011, is a well-known forex and CFD broker that has gained widespread global recognition over the years. Headquartered in St. Vincent and the Grenadines, worldtradex operates under strict regulatory conditions, providing traders with a secure and reliable trading environment.
- Positions held overnight are not subject to fees, whether positive or negative, which is a distinctive aspect of worldtradex.
- By offering indices as CFDs, worldtradex gives traders the opportunity to participate in global markets with lower capital requirements and enhanced leverage options.
- worldtradex (formerly worldtradexFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform.
- worldtradex does not charge fees for deposits or withdrawals, nor does it impose commissions on trades.
- Clients can choose from multiple methods, including bank transfers, credit/debit cards, and popular e-wallets like Skrill and Neteller.
worldtradex Deposit Options and Fees
The 50% bonus is more applicable to experienced traders or those confident in a long-term relationship with the broker. worldtradex operates under various regulatory frameworks depending on the entity through which an account is opened. Residents of the European Union receive the highest level of regulatory protection, as worldtradex Markets Cyprus LTD is regulated by the Cyprus Securities and Exchange Commission (CySEC). However, this stricter regulation limits clients’ access to higher leverage levels. While you can deposit funds in various currencies, these will be converted to USD at the exchange rate set by the payment system you use.
In South Africa, worldtradex provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). MetaTrader 5 is a more advanced platform with robust tools and customization for experienced traders. worldtradexTrader is simpler, focuses on ease of use, and includes helpful features like Space, which provides market insights and trading ideas. No, worldtradex charges no commissions, deposit fees, or withdrawal fees for either account type, making it a cost-effective choice for traders. The worldtradexTrader account is beginner-friendly, offering 80 instruments, including 35 currency pairs, gold, silver, and other assets. MetaTrader 5, with 277 instruments, including 150 stocks and 26 intraday assets, is ideal for more experienced traders.
Whether you’re looking to trade popular or less common currency pairs, worldtradex provides a https://worldtradex.pro/ reliable platform. For more details, visit the worldtradex forex page and explore the trading options available. While worldtradex is not regulated by top-tier authorities, it follows international operational standards and provides services to clients in numerous regions worldwide. The broker places a strong emphasis on security by offering features such as negative balance protection, which helps safeguard traders from losing more than their account balance. Additionally, worldtradex keeps client funds in segregated accounts, ensuring that these funds are protected and separate from the company’s own capital. This focus on risk mitigation and security has helped the broker maintain a stable and reliable trading environment for its global clientele.
worldtradex provides 277 trading instruments, including 150 CFDs on stocks, 52 forex pairs, gold and silver, 3 types of energies, 10 indices, and 34 cryptocurrencies. THerefore, is slightly hard to evaluate worldtradexFX since International codnitions are overall good, and EU are limited compared to industry. ALso, the points worldtradex does not win include instrument selection, lack of commission based accounts and more of the basic choice of platforms, buut spreads and costs at worldtradex are considered good. While other Brokers like Pepperstone or worldtradex, also IC Markets might be more appealing for platforms fees, education and their high reputation too. worldtradex has good educational and training tools for beginners as well as expert traders.
It is a global company with several entities responding to different regulatory needs. 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.
However, the availability of these bonuses may vary depending on the trader’s location and the applicable regulatory environment. Despite the promotional offers, worldtradex’s focus remains on providing high-quality services and transparent trading conditions, making it a popular choice among traders worldwide, regardless of the bonuses available. This approach ensures that traders receive a reliable and rewarding experience, even without relying on promotions.
Indices
Their customer service is accessible beyond standard business hours, offering 24/7 support in 20+ languages available via Live Chat and email. The broker also maintains a comprehensive FAQ section on its website, providing in-depth information on common queries related to trading, account management, deposits, and withdrawals. Finally, worldtradex offers free educational resources such as articles and video tutorials. For more experienced traders, worldtradex provides advanced analytical tools, including charting capabilities and various technical indicators. worldtradex platforms incorporate advanced charting tools, promote ease of use, and support algorithmic trading.
Mobile trading apps
worldtradex also provides services through Uni Fin Invest, which is based in Mauritius and operates under the regulations of the local financial authority. 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. During certain events, worldtradex offers a bonus where you can claim up to a 100% deposit bonus. One question that arises during the review is what happens with the bonus (credit) if the account balance falls below zero.
How to open worldtradex Demo Account?
There are guys with solid performance, so their strategy can be quickly evaluated and then you can fastly get in. 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 III license in the U.S. as a Commodity Trading Advisor (CTA). The bonus cannot be added to internal transfers or deposits from other promotions unless otherwise stated. It’s recommended to claim the bonus right after your deposit is credited to start meeting the volume requirements immediately.
worldtradex operates in 180 countries globally and has over 42 million trading accounts, offering worldwide access to financial markets. worldtradex is a trusted broker that offers Contracts for Difference (CFDs) and competitive spreads across 300 trading instruments. Designed to appeal to both beginners and advanced traders, the worldtradex Desktop MetaTrader 4 (MT4) platform is much praised for its reliability and adaptability.
