This app comes equipped with sophisticated charting tools, including 30 technical indicators, 9 different timeframes, and 3 varieties of charts, ensuring a comprehensive trading experience. However, this is still a powerful platform that will provide everything needed for experienced traders to conduct technical https://worldtradex.world/ analysis while also being intuitive enough for beginners to pick up easily. This long-time industry favorite is starting to show its age after decades since its release, and we prefer for brokers to offer a selection of platforms with newer and slicker options, especially for beginners.
Customer Support
If you are just getting started on your trading journey and need guidance along the way, Fortrade is a broker with lots of educational resources. But it’s worth mentioning here that past performance never promises a profitable future. Keeping that in mind, you need to do proper research before selecting and investing in anyone else’s trades. I actually prefer to take control of my own trading as I like to be responsible for my decisions.
worldtradex Deposits and Withdrawals
But there is 0 dongs and whistles, so, again, not everyone might like it. I feel like each one of us needs to find 1 broker he “clicks” with. If you have traded with worldtradex we would really like to know about your experience – please submit your own review. This average customer rating is based on 27 worldtradex customer reviews submitted by our visitors.
- These regulatory bodies impose strict guidelines and standards that worldtradex must follow, ensuring the broker operates with integrity and transparency.
- We are dedicated to maintaining high editorial integrity and transparency during reviews or other posts.
- However, the broker does not offer any other platforms such as MetaTrader 5 (MT5), cTrader, or an in-house proprietary platform.
- worldtradex rewards traders who refer friends and colleagues to the platform through its Referral Program.
- Daily technical analysis is updated on the website with the latest information and a successful retest of the next momentum.
If you would prefer some more top-tier regulators, then you might want to consider City Index as an alternative option. worldtradex offers the out-of-the-box MT4 trading terminal, but upgrades are available through third parties for an additional fee. One significant advantage is that worldtradex offers free in-depth user guides, which many brokers fail to do, and which can set traders up for longer-term success. In addition to the desktop and mobile applications, worldtradex also offers MT4 WebTrader, the browser-based version of the platform. Multiterminal is also available if you are managing numerous accounts simultaneously. This means that worldtradex will pay the deposit fees charged by the payment processor when funds are deposited.
“A lot of time has passed here”
- Practice caution and see financial advice when unsure because what we offer here is NOT financial advice.
- In the sections below, we will discuss each version of worldtradex’s trading platforms in detail, highlighting their features and benefits for every type of trader.
- The mobile application has proven to be stable and reliable during testing.
The broker’s objective is to offer attractive spreads across all account types, ensuring traders can benefit from cost-effective trading regardless of their account tier. Serving both beginner and experienced traders, worldtradex has a variety of instructional materials meant to improve traders’ knowledge and skills. Basic e-books, educational articles, and a dictionary of key trading terms—which act as fundamental tools for understanding market dynamics—are available through the broker. Although the training materials are valuable, they are minimal compared to more all-encompassing offers from top brokers. worldtradex also includes demo accounts so users may hone their trading techniques free from financial risk.
worldtradex Fees
On the contrary, a market maker broker can take the opposite side of your position which means they can mark-up prices which I don’t think gives a level playing field. worldtradex Forex broker provides a range of educational resources to help traders improve their knowledge and skills. More you will get daily forex technical analysis by forex experts, and forex news. The trading conditions are competitive, and the ECN XL account provides great value for both new and experienced traders. Also, I have not encounter any trouble while withdrawing funds from my account.
worldtradex offers several unique features that set it apart from other brokers. The most notable is its ECN XL account, which provides spreads starting from 0 with no trading commission, a rarity in the industry. This low-cost trading environment is particularly appealing to traders looking to minimize expenses on high-frequency trades.
If you want to check out this broker’s services and trading platform, just open a free demo account with no minimum deposit. worldtradex offers a variety of convenient deposit options, ensuring that traders can fund their accounts quickly and efficiently. Deposits are typically processed within minutes, if not instantly. For cryptocurrency users, worldtradex provides an added benefit with up to a 10% discount on each deposit made via crypto. Deposits using BTC or ETH are processed instantly, meaning as soon as the transaction is uploaded on the blockchain, the trader’s account is credited without waiting for confirmation.
worldtradex provides access to a variety of indices, including well-known benchmarks such as the S&P 500, Dow Jones Industrial Average (DJIA), NASDAQ Composite, FTSE 100, DAX 30, and Nikkei 225. worldtradex offers competitive spreads and leverage options on indices, facilitating both speculative trading and hedging strategies. The platform is equipped with advanced analytical tools, including technical indicators and charting features, to help traders analyze market trends and make strategic trading decisions.
This means that they should understand exactly what we need as traders. ECN XL Account – worldtradex won Best Forex Trading Account of 2019 (World Finance Magazine Awards) for its ECN XL Account. There are is no minimum deposit requirement on the account and spreads start at 0.0 pips on the EUR/USD, averaging at around 0.60 pips. No commissions are charged, but trading is only offered on the MT4 platform.
Though it has most MT4 features, several users observed it lacked the sophisticated tools of more recent platforms like MetaTrader 5. Traders looking for efficiency and adaptability in their trading operations will find the worldtradex MobileTrader app a dependable fix. With fast processing times and no deposit fees, worldtradex makes it easy for traders to manage their funds efficiently. Once these steps are completed, traders can access their account and begin trading immediately. worldtradex operates on a spread-only model, with spreads starting as low as 0 on major currency pairs.
worldtradex Leverage
We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Whilst we try to keep information accurate and up to date, things can change without notice and therefore you should do your own research. The company has a license from at least one reputable regulatory body, such as the CySEC, and ensures compliance with industry standards and safeguarding client funds. Its regulation contributes positively to its ratings for credibility and security. On the downside, the offshore branch is unregulated, reducing the broker’s safety rating for global traders. The online broker covers a range of important topics including guides on foundational information for the forex market that all beginners should read.
Particularly attractive to cost-conscious traders Worldtradex worldtradex is a broker with good reputation and large trading community with quite high scores on performance. worldtradex offers a comprehensive range of tradable instruments, including major and minor currency pairs, commodities, indices, and metals. This diversity allows traders to build diversified portfolios and explore various market opportunities, catering to both short-term and long-term trading strategies.
Solid platform
Demo Account – The worldtradex demo account expires after 30 days, which is not ideal for beginners. The demo account gives you a starting balance of 10,000 USD and allows traders to view charts, news, and analysis, get access to the full-featured MT4 platform. Demo accounts are a great way for beginners to experience real-time prices and real forex market volatility. The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures. worldtradex supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill. Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option.