It has management systems that ensure that clients do not lose more than initially invested. If account balances become negative due to Stop-Out, worldtradexFx compensates the account by adjusting the account balance to zero, ensuring the risk is limited to only deposited funds. The company’s educational library is well maintained and offers rich learning resources that includes webinars, articles, platform tutorial videos and a video course.

What Reddit Users Say About worldtradexFx

It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. A https://worldtradex.world/ review of the broker’s trading instruments reveals that users are allowed to trade over 120 stocks. While some people praise the broker wholeheartedly saying it’s one of the best online trading brokers, others say it is no scam but is poorly managed. However, there are a good number of posted reviews of people denouncing the broker for withdrawal problems and bad trading experience. As such, the risks involved for traders are real and need to be understood in those terms.

MT4 Account

• The broker claims to process all withdrawal requests received within 1-3 hours.
• CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
• There are no swap fees, inactivity fees, or fees for deposits and withdrawals.
• The company’s educational library is well maintained and offers rich learning resources that includes webinars, articles, platform tutorial videos and a video course.
• We also offer educational materials and MT4 demo accounts for all traders, letting them practise in a risk-free environment.

This review will focus on its regulations, trading instruments, deposit & withdrawal methods, online trading fees, spreads, leverage and how to open an account. It will also explore the investment safety measures provided by the broker. Opening a MetaTrader 4 demo account is the best way for a new trader to check out the platform, get familiar with the tools, and learn trading techniques.

From among the trading systems known as “Master Traders” to copy on worldtradex’s Copytrading app, there are 1,390 newcomers, 986 growing talent, 703 high achievers, 360 experts, and 223 legends. These labels denote some milestone that the Master Traders have reached, although their performance and results can vary. worldtradex does have a proprietary mobile app for trading, as well as for social copy trading (the worldtradex Copytrading app), yet it still trails behind industry leaders such as IG and Saxo. Check out my picks for the best mobile trading apps in the industry.

Popular Forex Guides

• worldtradex may be best suited if you are new to trading and live in a region where you require support in non-English languages, such as Southeast Asia.
• The MetaTrader 5 trading platform offers numerous templates and profiles to enable traders to change the colour schemes and analytical objects applied on the chart.
• Importantly, from a trader’s perspective, worldtradex also institutes a negative balance protection policy, which means that users of the platform cannot lose more money than they’ve deposited.

worldtradex has made great strides with innovation in its web platform, and new educational content, but offers a limited range of tradeable instruments compared to the best multi-asset brokers. worldtradex may be best suited if you are new to trading and live in a region where you require support in non-English languages, such as Southeast Asia. The broker also offers wonderful features that are unique to the company alone. In addition to keeping the client’s investments safe and separate from its capital, the broker ensures maximum transparency. However, the company’s offshore entity is not regulated by a tier 1 regulatory body, which offers a less sense of security. The cTrader trading platform is designed specially for electronic communication networks ECNs, and offers direct STP access to currency trading markets.

MetaTrader 4 web platform

We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. worldtradexfx’s low minimum deposit requirements allow everyone to easily trade. Although the minimum varies per jurisdiction, it is relatively a low sum. Coming to assets, the company offers a wide array of tradable assets, allowing clients to pick their favorites and suitable ones for trading.

With an unrestricted number of traders to copy, clients can create a balanced trading strategy for themselves. To make it easier, worldtradexFx has a Copy Trading app developed differently from the mobile app. The broker also asserts its technical environment is constantly monitored and protected by dedicated teams of technical specialists and security.

Read our full explanation and accounting of our research and testing process to learn more about how we test. 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. Yes, it offers a referral program where users can get to invite friends for incentives. The referral program known as Invite-a-Friend has its commission rate to be 1$ per 1 standard lot. There is also a Trader’s Glossary with precise definitions of common forex terms to help clients become familiar with different trading terminologies.

It’s important to note that minimum deposits and trading costs will also depend on which worldtradex entity you choose for establishing your trading account. 74% of clients give the broker a 5 star rating, cementing its place as one of the best forex Worldtradex brokers. The video course provides a sound introduction to forex and forex trading, helping beginner traders to grasp things quickly. While the free webinars allows clients to learn from veteran traders one-on-one, at a scheduled time.

Commodities

The MT4 platform offers 30 built-in technical analysis indicators for making calculations based on price movements. These indicators allow traders to predict or confirm trends, patterns, and support and resistance levels. They are categorised into types, such as Trends, Oscillators, Volumes, and Custom. You can choose from a range of available indicators, download a custom indicator, or create your own.

Every year we improve our conditions to make your trading journey easier. In practice, for service providers like worldtradex to be accessible in lots of different countries worldwide, it is important to maintain a high degree of operational flexibility. As a result, the company behind the worldtradex platform is not directly regulated by the relevant authorities in some countries where it operates, including India. The focus is on making trading easy and more profitable for traders. The MetaTrader 5 Economic Calendar is where important macroeconomic indicators can be viewed in real time, in order to forecast price trends. The calendar features both current and past weeks’ events, while also publishing upcoming events.

It combines market data with charting, so customers can see live prices of instruments even as they perform live analysis. No, you can use a web platform or install the worldtradex trading app on your mobile device and trade on a demo account without any limitations. To achieve this, worldtradex provides access to various global markets through trusted platforms like MetaTrader 4 and MetaTrader 5, as well as its proprietary trading platform, worldtradexTrader. worldtradex’s structure as a trading platform is fundamentally aligned with the best interests of its end users, as happy customers are more likely to return.

Clients are, however, not allowed to withdraw from their accounts unless the account is verified. Multiple payment options including credit cards, debit cards, Skrill, Neteller and Bank Transfers, make it convenient for clients to fund their accounts using their preferred payment method. This feature gives users the opportunity to automatically copy leading traders and learn different trading strategies from them.

The spread for all available currency pairs offered by worldtradexFx – including major, minor and exotic pairs are listed in the table below. This is often done to avoid detection of money laundering activities. The Agency believes that by manipulating trading data, the company misled investors and obscured the true nature of its financial activities.