Our testing shows that both MT4 and MT5 support forex trading and provide an excellent suite of technical indicators, charts and analysis tools. Importantly, we find both platforms easy to use with a sophisticated design and a customizable workspace. The key benefits of this system are the tight spreads and fast execution speeds, which come in as low as 50 ms based on our evaluation. This makes the firm a good option for active forex traders and scalpers in our opinion. With that said, traders should be aware that the available instruments vary depending on the account you have. For example, the Standard account offers a reduced list of metals and CFDs in addition to forex.
Types of worldtradex Trading Account
These can be positive or negative, depending on the asset and whether it is a long or short position. It’s crucial to recognize that online reviews reflect personal opinions and may not capture the full spectrum of client experiences. Traders should view these reviews as one aspect of their comprehensive assessment of worldtradex. By offering a wide selection of instruments, traders can diversify their holdings and capitalize on potential gains across various sectors and asset categories. If you leave your account unused over a long period, worldtradex will charge an inactivity fee. So, you want to keep your account active and engaged to avoid withdrawal restrictions.
Trading Fees
With this variety of currency pairs, including majors, minors and exotics, traders won’t be short of opportunities. worldtradex does not charge inactivity fees – a levy we see at many forex brokers we review. Our research shows that the MT5 Global account is best for experienced traders.
- Not only experienced traders, but even beginners can learn trading here and start making money in no time.
- Traders also have the option to open Islamic and demo accounts in worldtradex broker to cater to diverse trading needs.
- Once you open the account with this broker, you can first opt for a demo account to take a tour of the account and the trading market.
- For traders who require a more robust platform, worldtradex offers several options.
The commitment to client security is evident in its provision of segregated accounts, ensuring that the broker separates client funds from its operational finances. Our review shows worldtradex scores less favorably when it comes to withdrawals. Not all deposit options are available – bank transfers, card payments and some e-wallets such as PayPal are supported. Processing times vary depending on the method you choose.
worldtradex Broker Trading Platforms and Apps
Furthermore, its reliable customer support and streamlined deposit and withdrawal methods reinforce its reputation. When it comes to funding methods for new trading accounts, the choices vary depending on which platform a new user wants to trade on. While users on the J2TX platform can only fund their accounts with Ethereum bought via Visa or MasterCard, forex and CFD traders https://worldtradex.club/ with the broker have more options available.
It is also important to know that the Demo account retains the same live prices and market conditions, simulating the exposure in a real account. worldtradex is a full-service financial brokerage company based out of Cyprus, well known as one of the most popular EU jurisdictions for forex brokers. worldtradex offers traders a robust customer support infrastructure. The broker ensures customers get easily accessible real-time assistance during standard hours (9 – 6 EST) via a live representative.
worldtradex positions itself as a viable choice for traders by maintaining competitive and transparent fee structures that align with varied trading needs and preferences. These apps can be downloaded to iOS or Android devices. They have mobile-optimized charts, multiple order types and facilitate one-click trading. There is also a campaign to become a professional trader which offers a bonus of up to $2000.
When you’re ready you can join https://worldtradex.world/ our chat rooms and access our Next Level training library. Feel free to ask questions of other members of our trading community. We realize that everyone was once a new trader and needs help along the way on their trading journey and that’s what we’re here for. We could charge more, but we have a pay it forward, give back mentality. We want to feel good about what we do, and the results and reviews speak for themselves.
Is worldtradex A Regulated Forex Broker?
On a live trading account, the trader can choose out many trading platforms to trade with. Compare the services, trading tools, charges, and offering with other competitive brokers and take a suitable investment decision. This trading account offers improved trading conditions for professional traders with an individual approach.
This feature offers a guaranteed fill from retail clients up to a definite size for small market orders at the best-posted bid or asks the price. Once the trading size is decided, the trader can choose to sell or buy the price and directly process it. Forex and CFD Standard is an ideal account for beginners as it offers Negative balance protection. It is a Trading account with licensed European broker worldtradex Online Ltd. To open the account, the minimum amount required is $ 100.
worldtradex also offers an automated investment advisor. You can set goals such as general savings, retirement or college savings, which makes the tool user-friendly and gives you clear aims. You then choose an investment portfolio and let the robo-advisor provide advice and services. We have a basic stock trading course, swing trading course, 2 day trading courses, 2 options courses, 2 candlesticks courses, and broker courses to help you get started. What we really care about is helping you, and seeing you succeed as a trader.
Deposit times are instant apart from bank transfers, which typically take 2-3 business days. Trading charges on worldtradex vary depending on the account type. We were pleased to see that the company’s online website is owned by LimeTrading (CY) Ltd, which is regulated by the reputable Cyprus Securities and Exchange Commission (CySEC). This means that the level of oversight and supervision on this brokerage is likely to be greater than that of an offshore and unregulated firm. These options provide flexibility for traders who prefer a more hands-off approach or want to diversify their trading strategies. Nor does the broker provide us with information about the processing of withdrawals or the withdrawal waiting times.