This initiative allows traders to earn commissions from direct client referrals and from the profits made by the Introduced Brokers (IBs) they introduce to the network. worldtradexFX’s Affiliate Program offers a sophisticated and adaptable model for Emirati traders looking to supplement their income through client referrals. This program is one of worldtradexFX’s two passive income options, the other being the CopyTrading feature. worldtradexFX has launched a campaign called “Trade and Win Giveaway” to recognize the hard work of traders in the UAE. Meeting certain trading volume requirements allows participants to win exciting rewards like exclusive trips, laptops, or smartphones through random selections.
worldtradexFx Payment Methods
It is possible to trade forex, metals, soft commodities, single stocks, indices, energies and a choice of five cryptocurrencies. The MT4 account demonstrates the limited selection by only offering four stock indices (AUS200, GER30, https://worldtradex.bid/ NAS100, US30). The fact that worldtradex offers an almost institutional-grade trading experience doesn’t mean beginner traders are in any way disadvantaged. Quite the opposite; the firm simply offers reliable, fast, low-cost trade execution using market-leading platforms. Those looking to develop their skill set or improve their trading technique can draw on the support on hand, which is designed to cater to beginner intermediate and experienced traders.
Currencies accepted for deposits/withdrawals
worldtradex is a broker that has operated for over 10 years and has been expanding during this time. 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. Internal transfers between different accounts can be done from the dashboard and are nearly instantaneous.
- Clients are, however, not allowed to withdraw from their accounts unless the account is verified.
- It is also highly customisable and can be adjusted to cater to suit the needs of different traders.
- These labels denote some milestone that the Master Traders have reached, although their performance and results can vary.
- However, once the process is completed, they can easily add additional accounts with just one click.
- This company has been providing opportunities for traders to invest in the market for a long time since 2011.
Islamic Account
From our experience, the broker is doing a pretty bad-ass job at it. If you take a deeper look at the reviews, you will often find in-depth replies to the comments, not just templates. This is just a small example of how worldtradexFX is genuinely caring about the experience you as a trader have, and it reflects our personal experience with the worldtradexFX support staff very well. Apart from that, the platform is also easy to navigate and clean; we very much like the usability of worldtradexFX overall. To start forex trading with this broker a trading account is necessary unlike with delivery trading where a Demat Account (dematerialisation account) would suffice. An worldtradex accout allows a trader to deposit funds and take part in forex trading as well as trade other trading instruments.
Overall, worldtradexFX can be summarized as a trustworthy and regulated Forex Broker with competitive trading fees. worldtradexFX offers an easy-to-use social copy trading platform with excellent customer support. Dear Ahmad Ndari,We sincerely apologize for the inconvenience caused by the delayed deposit. We understand your frustration, and we deeply regret any disruption this may have caused.
worldtradexFx Customer Support
- Until recently, the broker had also been regulated by the FCA, however worldtradexFX decided to voluntarily suspend their regulation here due to Brexit until the future situation of the UK becomes clearer.
- In this section, we are going to be looking at these extra products and services.
- Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
Here you get exactly what you expect with a very robust and extremely powerful and also lightweight trading platform that can run on virtually any device. Here is a more detailed look at the wide range of top trading platforms you can expect to find when you are trading at worldtradexFX, and what they can provide you with. These are all useful and important tools to utilize for any forex trader on all platforms and brokers. Taking a look at the CFD markets available from worldtradexFX, it is noted that they offer a little more than 70 assets in total. Some of them may not be available within every region or account type. With that said, they still offer good value in terms of trading conditions.
You can compare it to the initial or general trading of the stock market. But here, the average of the spreads is calculated as 0.4 pip in Forex. If you want to get it out of the stock index, it will be less than 1 point. Even better, if you expect a high-rank spread, then the black account can help you in this regard. More than 2,840,000 of the essential bonus fund was valued in that field. It helps maintain a highly competitive cost structure in emerging markets.
Forexbrokerslab is a project that aims to educate and protect forex traders. In this blog you’ll find practical guidance, unbiased reviews and much more. With worldtradex, you can trade a total of 300 trading instruments, including 52 Forex pairs and 277 CFDs, covering indices, commodities, and cryptocurrencies. worldtradex does not charge fees for deposits or withdrawals, nor does it impose commissions on trades. One of the standout features of worldtradex is that it does not charge swap fees. Positions held overnight are not subject to fees, whether positive or negative, which is a distinctive aspect of worldtradex.
worldtradexFX Customer Reviews
The dashboard, or client portal, provides relevant information and tools regarding the account. Numerous sections focus on customer services related to accounts and administration rather than market-related issues. From the dashboard, you can make withdrawals and internal transfers, view promotions, invite friends, check account records, manage accounts, participate in contests, view user statuses, and engage in copy trading. A status program is offered where clients, based on their deposited funds, can access different levels that provide enhanced services. The worldtradex mobile app can be downloaded and quickly recognizes and retrieves data after entering the username, requiring no further action.
In addition, they have to keep client funds must be held in segregated accounts separate from the company’s operational funds. The 50% bonus is more applicable to experienced traders or those confident in a long-term relationship with the broker. worldtradex affirms that, in accordance with international regulatory standards, it uses separate accounts to keep traders’ funds segregated from the company’s balance sheets. However, it does not provide Percentage Allocation Management Module (PAMM) accounts or Multi-Account Manager (MAM) services. worldtradex offers negative balance protection, which means that if a market slippage results in a negative balance, worldtradex will adjust the balance to zero. This feature ensures that traders cannot lose more than their initial investment.
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. 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. In addition, worldtradex boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders. It is very easy to deposit money, customer care is very good, and the overall experience is good. We hope, that reading all of the worldtradex reviews you will find the answers to your questions.
However, it lacks weekly and monthly Worldtradex website time frames and does not offer an intuitive zoom tool. Founded in 2011 in Cyprus, worldtradexFX is a well-regulated broker with oversight in place from CySEC and SVG. They provide ECN execution which is popular among scalpers for its high speed. The broker also offers copy trading services an accessible minimum deposit.
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. 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.
worldtradex has launched a new feature named “Space,” which replaces the Market Insights section on their trading app. Simple and powerful trading platform created with your comfort in mind. The intuitive, lightning-quick app provides a seamless trading experience—no need to lose focus switching between apps. There are a number of ways in which clients will be able to trade the assets worldtradex provides. You should, by all accounts, know that most brokers use MetaTrader as their “go-to” trading software, and worldtradex is no different. However, they do have interesting proprietary platforms so let’s also take a look at those.
It is great to see the broker supports clients with different religious beliefs although this is pretty standard nowadays. For example, you can deposit and withdraw using visa debit and credit cards with a minimum deposit of $25. While using credit and debit cards from MasterCard would give you options to fund or withdraw €50.