These are, EUR within the EU, and both EUR, and USD for traders outside the EU. This is rather a limited selection compared with other top brokers. It is the perfect opportunity to trade in a no-risk environment with virtual funds, but which also perfectly replicates live trading. It is the ideal way to get to know more about a broker or the industry. Here are a few of the worldtradexFX account types you can look forward to trading with once you get started. Furthermore, your funds will always be held in segregated accounts with top-tier banks when you trade with worldtradexFX.

This will allow you to show off your trading prowess as well as build up a community. Of course, it will also give you an opportunity to earn passive income from the spreads and rev share. Copytrading gives you the ability to copy some of the most successful traders on the worldtradexFX platform.

From the worldtradex app, users can open positions in the worldtradex account as well as in MT4 and MT5, which can also be done using those specific applications. This means the app provides complete control over all open accounts and displays the full trading history. It features attractive charts for all three account types, allowing trading and modifications.

Finally, allowing API access for custom solutions can potentially attract algorithmic traders and developers. No, the bank account must be in the account holder’s name and registered worldtradexFX trader. You can use bank transfers, credit/debit cards, and various e-wallets to deposit funds.

About Forexbrokerslab

All of the platforms on offer are well regarded in the trading community. The MetaTrader suite of services is the most popular globally due to the blend of features it offers, and the worldtradexTrader platform is developing a following of it’s own. It is easy to set up to trade ‘algo’ models on an automated basis, and it offers the expert advisors and MQL5 support services that allow traders to draw on the ideas of others. The number of markets is also different across the platforms, but none of them offers a range of instruments that could in any way be called excessive. It is possible to trade forex, metals, soft commodities, single stocks, indices, energies and a choice of five cryptocurrencies.

Withdrawal Methods

In terms of trading strategies allowed, scalping, expert advisors and hedging are all permitted across each of the two account types, which is not to be taken for granted. It offers the pricing and execution experience of a no-frills broker but complements this with a range of additional services such as top-quality learning resources and copy trading options. Its worldtradexFX.eu arm is regulated by CySec (Cyprus Securities and Exchange Commission) and has offices worldwide.

worldtradex Desktop MetaTrader 4 Platform

The value of regulations lies in their ability to offer a framework within which traders can operate securely and with peace of mind, making it a critical consideration in the selection of a forex broker. While worldtradex’s effort to comply with international regulatory standards is commendable, the nuanced nature of regulatory transparency and coverage highlights the importance for traders to conduct due diligence. Traders should consider both the protections offered by these licenses and the geographical limitations.

Forextraders’ Broker of the Month

On Google, the broker is rated highly by both beginner and experienced traders. worldtradexFX has introduced a unique “Status Program” exclusively for Emirati traders in recognition of their loyalty and trading activity. The program offers an opportunity to earn reward points that allow upgrading account status and unlocking exclusive benefits. 74% of clients give the broker a 5 star rating, cementing its place as one of the best forex brokers.

MetaTrader 5 (MT5), offering more than MT4 does, also includes features and trading functionalities that are better than many other online trading platforms available today. Metatrader 4 is the most famous platform within the forex market as it has easy features. Being quick and flexible to deal with while trading allowed the investors to trade with ease. Its features were designed to facilitate the investing procedure for trades which include algorithmic trading, technical indicators, and expert advisors.

Can I trade on worldtradexFX using a mobile device?

• With worldtradex, you can easily deposit money into your account through a bank without any hassle, thanks to its strict money management rules.
• Don’t forget, you can also join our Invite a Friend program to earn commissions when your friends start trading with worldtradex.
• As such, there are a number of awards that have been given to worldtradexFX over the years.
• The worldtradex broker website works just like the desktop platform of MetaTrader 4.
• This means that European traders or those clients that are registered with worldtradex European entity will fall under ESMA regulation Leverage.

One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. Over a week-long testing period, I probed customer support with dozens of inquiries, ranging from available tools to fees and questions relating to the security of client accounts.

• worldtradexFX offers a great demo account that is easy to sign up for, just needing the most basic of your personal information and an email address.
• Hello to everyone.Forexbrokerslab is my personal blog where I review reliable forex brokers.
• Then worldtradex has free material that relates to learning the basic concepts of forex and trading in the form of articles and videos.
• To get the most out of this functionality you will probably want to download cTrader to your PC although it can be used in a browser or traded through your mobile phone.

Content is updated frequently and is accessible to all levels of traders. A broad range of topics, from technical analysis to trading strategies and platform tutorials, are covered. With a perfect score in this category, worldtradex has gone above and beyond to educate its clients.

Lastly, if you are looking for another way to tell if the company holding your capital is reputable, it is to see if they hold any awards for “best business” practices. This is a great way to tell if the broker is operating in a genuine manner. Awards can be in the form of best broker, customer support, trading platform, etc. Looking through the worldtradex website and heading to their Awards section, you can see that they have many awards that date all the way back to 2012.

They don’t specifically have a page dedicated to the crypto they offer; however, you can view their “live quotes“, where you can get a breakdown. In addition to the markets offered, as an worldtradexFX trader, it is likely that you may come across some of these extra products that the broker makes available depending on your location. worldtradexFX mobile trading is also well catered for through their own mobile trading platform aside from the huge industry giants already mentioned. The spreads here start at an extremely competitive 0 pips with $5 per side per lot of commission, or from as low as 0.2 pips with no commission depending on your account type. The account base currency is that which you trade in with the broker.

Thus, you may find news reports that scammed by Worldtradex exceed 50 articles a day depending on how the markets and financial sectors are doing. After that, you will gain access to a popout menu that should appear on the right side of the screen. This is somewhat different from other brokers, who may redirect you to a signup page. The commodities list of worldtradex is quite limited, and you will only be able to trade gold, silver, oil and natural gas. This might not be a problem for new traders, but being able to deal in coffee, sugar and the rest is sometimes what traders are looking for.

How do I withdraw money from worldtradex?

This has a different layout to the MT4 platform so it may take a bit of time getting used to. For example, you have advanced order forms where you can set parameters around your positions. You also have numerous technical analysis indicators and studies that you can overlay your charts with. For example, on the Champion demo the first prize is $1,000 credited to your account.

worldtradex provides various special tools and features that improve the trading experience outside of traditional platforms and typicall tools provided by the research avialable on site. Here are few more additonal features that are available aminly on Intrrnational branch. As a Invesmtnet Opportunitites avilable at worldtradex we will mark availability of Copy Trading which is a good option for various traders. worldtradex shines in giving several trading tools for active traders, however, individuals looking for long-term investments could have to take more thought on other platforms, including bonds and ETFs. worldtradex minimum deposit is $25 allowing you to open an account and start trading.

In our worldtradexFX Broker Review, we found that the fees and commissions are structured differently according to account type. Micro, Pro and ECN accounts use the MT4, MT5 and ECN software platforms, respectively, and support different trading approaches, hence the variation in charges. Before trading with a live account, it’s best to open a risk-free Forex demo account. worldtradex’s Demo Account offers the same experience as real accounts but with simulated funds. In line with the desktop version, the worldtradex trading app is execution-focused. It provides a range of core services, including charting tools to help clients get into the markets with the right level of support.