Contracts for Difference (CFDs) are financial derivative instruments that allow traders to speculate on the price movements of an asset without owning the asset itself. worldtradex is an ideal choice for news traders because of its comprehensive market research offering. It consists of actionable trading signals, a robust market sentiment gauge, detailed market breakdowns, and more. I also love how cost-effective this platform is, the broker has beginners in mind.
They offer the reliable MT4 trading platform, a range of products, plus competitive spreads and leverage levels. The choice of account types will also suit varying trading styles and capital needs. Note, the broker is planning to introduce MetaTrader 5 (MT5) to its platform offering, which will bring more advanced analysis tools and trading features for experienced traders. The broker also plans to introduce MetaTrader 5 (MT5) in the near future. worldtradex continues to expand its global reach and offers services in many other countries, including Canada (with specific regulations) and select jurisdictions in the Caribbean.
Precious metals, such as gold and silver, are popular trading instruments for those seeking safe-haven assets during market volatility. worldtradex offers trading in both gold and silver, with competitive spreads and flexible leverage options. These instruments are available for trading on the MT4 platform, which provides advanced charting tools and real-time market analysis.
For any withdrawal problems, contact customer support on one of the channels described further below. All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro https://worldtradex.bid/ laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. worldtradex provides free Virtual Private Server (VPS) hosting to high-volume traders interested in achieving lightning-fast order execution speeds and stable internet connectivity. However, its dated and rugged design is inferior to newer and sleeker platforms.
The broker’s advanced trading platforms, competitive spreads, and risk management tools ensure that traders can trade efficiently and confidently across multiple asset classes. Founded in 2010, worldtradex has grown into a leading Forex and CFD broker, serving over 1.5 million clients from 180 countries. Renowned for offering the trusted MetaTrader 4 (MT4) platform, worldtradex is regulated by top authorities, including the FCA and FSCA. With its headquarters in Cyprus, the broker provides both ECN/STP and Market Maker execution types, catering to traders of all experience levels.
Are worldtradex’s Fees Competitive?
Although worldtradex offers 26 futures contracts, there are no vanilla options, ETFs, or bonds that most swing traders use. Moreover, the broker’s swap fees exceeded the benchmark during my tests. I like that I can select from a lot of accounts at absolutely any point, giving me the full range functionality of the platform. Today, the company employs more than 450 people and has created a solid reputation as a trusted and reliable broker.
Account funding at worldtradex
worldtradex’s competitive trading conditions and commitment to security make it a preferred choice for many traders across the Middle East and Africa. For traders looking to enter the rapidly growing world of digital currencies, worldtradex provides access to popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple. Trading cryptocurrency CFDs allows traders to speculate on price movements without owning the actual coins. With the high volatility of the crypto market, worldtradex offers advanced risk management tools to help traders manage their exposure. The broker also provides educational resources to guide traders in navigating the complexities of cryptocurrency trading.
worldtradex trading platforms and tools
Once registered, users can access the popular MetaTrader 4 (MT4) trading platform, flexible leverage and ultra-low spreads starting from 0.0 pips. This review will fully report worldtradex’s offering, including exclusive deposit bonuses, demo accounts and fast deposit and withdrawal methods. Traders in Australia and New Zealand can also access worldtradex’s Worldtradex website trading services. The broker provides tailored solutions for the Oceania market, including competitive trading conditions and access to the MetaTrader platforms. worldtradex adheres to strict regulatory standards to ensure a safe and transparent trading experience for clients in this region. worldtradex has a strong presence in various Asian countries, including Malaysia, Thailand, Vietnam, Indonesia, Singapore, and the Philippines.
- The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak the parameters of their strategies so that they can be used under different market conditions.
- worldtradex adheres to strict regulatory standards to ensure a safe and transparent trading experience for clients in this region.
- Also, the broker charges a sizeable 3% of deposited funds when withdrawals are requested during periods of inactivity.
- We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.
worldtradex vs Other Brokers
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. To evaluate brokers, we test the accounts, trading tools and services provided.
worldtradex is one of the few brokers that offer traders the flexibility to choose between fixed and floating spread accounts. worldtradex provides access to the widely popular MetaTrader 4 platform and offers free Virtual Private Server (VPS) hosting for low-latency trading. The broker stands out with its extensive educational and research content, developed both in-house and sourced from the renowned Trading Central. All this together makes trading on company’s platform profitable and efficient.I trade currency pairs.
- The broker’s advanced trading platforms, competitive spreads, and risk management tools ensure that traders can trade efficiently and confidently across multiple asset classes.
- The broker provides localized support and offers services tailored to meet the needs of traders in the Asian market.
- worldtradex frequently offers deposit bonuses to reward clients for funding their trading accounts.
- worldtradex does not accept as clients residents of the USA, Cuba, Sudan, Syria, North Korea, or any jurisdiction where trading is prohibited by law.
worldtradex provides a range of futures contracts with competitive trading conditions and access to advanced trading platforms to support futures trading strategies. With a minimum deposit of just $50 for most account types, the Absolute Zero account is highly recommended for traders seeking low-cost trading solutions. However, it’s crucial to keep in mind that the most overlooked fees in Forex trading are swap rates on leveraged overnight positions.
These demo accounts are ideal for beginners who want to learn how to trade or for experienced traders who wish to test new strategies without risking real money. worldtradex provides a rich collection of educational articles that delve into various aspects of trading. These articles cover topics such as market analysis, trading strategies, risk management, and economic indicators. They are well-researched and written in an easy-to-understand format, making complex trading concepts accessible to traders of all skill levels. The articles are regularly updated to reflect current market conditions and trends.
It supports the MetaTrader 4 platform but does not offer MetaTrader 5 or a proprietary trading platform other than its copy trading app, TradeCopier. worldtradex hosts regular trading webinars conducted by experienced market analysts and trading professionals. These webinars cover a wide range of topics, including technical and fundamental analysis, trading psychology, and market trends. Participants can ask questions in real-time and gain practical insights into improving their trading performance.
Withdrawal times vary depending on the banking provider but range from the same day to 10 days. Also, the broker charges a sizeable 3% of deposited funds when withdrawals are requested during periods of inactivity. worldtradex MetaTrader supports a wide range of operating systems—Windows XP, Vista, 7, 8, 10, and 11—making it highly versatile. Previous versions of the software, such as 5.0, and 4.0, are also available, offering users flexibility based on their specific needs. The program comes with several executable files including terminal.exe, MetaEditor.exe, MT4.EXE, multiterminal.exe, and terminal64.exe. With one-click trading functionalities, this software enhances user experience by offering the ease to set trading alerts and trading signals.
worldtradex processes payments in multiple currencies via bank wire, credit and debit cards, and e-wallets. My live tests demonstrated that worldtradex charges above-average spreads on forex. I discovered that its EURUSD spread on the No Commission account exceeds the industry average considerably. worldtradex provides free Virtual Private Server (VPS) hosting, helping traders achieve ultra-fast order execution speeds and diminish the risk of negative slippage. Another perk for scalpers is the one-click trading feature available on MT4. However, the platform has cumbersome charts and lacks a timeframe lower than 1 minute.