worldtradexFx offers its users different payment methods to be used either for deposits or withdrawals. The broker claims to offer competitive spreads as compared to other forex brokers. Depending on the market’s volatility, clients can expect to pay a minimum spread of 0.6 pips on trading pairs like GBP/USD and EUR/USD. Commodities like Gold and Silver are on the other hand, tradable on spot for a minimum spread of 1.9 pips and 2.0 pips respectively.
- 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.
- Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers.
- The MT5 account, also called innovative account, is an account type for clients with trading expertise.
- To get started with worldtradexFX, you should be aware of the minimum deposit requirements, which vary depending on the account type you choose.
Advanced analytical tools
No, worldtradexFX does not offer the option to trade the Volatility 75 Index. To complete the transaction and fund your account, follow the on-screen instructions. Any remaining balance will typically be returned to you using the available withdrawal methods. Open trades must be closed before account termination can be finalized.
Our market analysis service offers the latest currency rates, including EURUSD and GBPUSD, intelligent technical analysis tools, and daily market insights from our experts. Enjoy smooth and convenient trading with user-friendly interface on a fast and stable platform. MetaTrader4 provides a minimalist yet sophisticated service which caters for beginner to advanced traders and also allows user profiles to be set up to carry out Islamic Trading. MetaTrader5 offers some extra tools for those traders looking to carry out analysis on a more granular scale.
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 provides several account types to cater to the varying needs of traders. These include standard accounts for beginners and ECN accounts for more experienced traders Worldtradex reviews who want tighter spreads and faster execution. Each account type is tailored to suit different trading styles and budgets.
How do I qualify for the worldtradexFX VPS service?
Fill in the necessary information, select your account type, and finish the registration process. worldtradexFX’s VPS, free for all account holders, provides a secure and dedicated virtual server in a highly secure data center. You can use bank transfers, credit/debit cards, and various e-wallets to deposit funds.
worldtradexFX Broker support and customer services
We generate income through various methods, which helps us convey facts transparently and not write biased content due to “broker sponsorships,” “commissions from financial companies,” and “advertisements.” worldtradexFX is a global forex and CFD broker that has been providing online trading services since 2011. Headquartered in Saint Lucia, the company has grown to serve over 12 million client accounts from more than 180 countries. worldtradexFX is regulated by several decent financial authorities and has a good record in that regard.
- Due to this traders will no longer hesitate to use mid-term and long-term stategies.
- Platform choice ultimately comes down to personal preference, but worldtradex has signalled its intent by offering its clients the choice of two market-leading platforms.
- The spread for all available currency pairs offered by worldtradexFx – including major, minor and exotic pairs are listed in the table below.
- There is an economic calendar, daily analysis posts, as well as trading signals and market insights.
- In this worldtradexFx review, you will discover all the details about this broker.
Pros and Cons of worldtradexFX Trading and Non-Trading Fees
However, with worldtradexFX, you can invest in several asset classes using the three different account options. You don’t need to search for the worldtradexFX mobile separately in a search engine. Just install the app and manage your trading activities on your fingers.
Electronic access and communication is also protected by a ‘SSL-secured Personal Area’, which has 128-bit encryption, and makes your browsing safe and your data inaccessible to any third parties. Platform choice ultimately comes down to personal preference, but worldtradex has signalled its intent by offering its clients the choice of two market-leading platforms. During our testing, we found the internet browser offered the best route into all the ‘extras’, such as copy trading, that worldtradex offers its clients. Being able to still engage with the full range of services from smaller screens is a real plus-point for the service.
Trading Fees
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. The Pro account uses the MetaTrader MT5 platform and offers a wider range of markets than the Micro account and spreads also tend to be a little tighter. Compliance with regulations is crucial for any trading platform, including worldtradexFX.
Market volatility presents several attractive profit-making opportunities when you use Forex robots, as they provide greater accuracy and speed in trading. EAs are programmed to monitor fluctuations in various currencies and automatically enter and exit market orders with trading logic used in the trading system. For example, by choosing one of nine different timeframes (including one minute, five minutes, one hour, daily, weekly, monthly, and more).
Unlike most brokers, worldtradexFX does not charge any kind of inactivity fee. Here is a look at a couple of other fees that you may encounter when trading with worldtradexFX. They are available with trading through MT4 and MT5, though the broker does charge an additional mark-up fee to cover for the rollover fee which is not in place. worldtradexFX Islamic accounts are available quickly and conveniently where needed by simply clicking “swap-free” when you open a new account. If you need an worldtradexFX Islamic account, then these are also available. Here will have an account that is totally Sharia law compliant and benefit from the award-winning service of worldtradexFX in the area.
worldtradexFX is a global forex and CFD broker that has garnered attention for its accessibility, comprehensive trading tools, and reliable customer service. Whether you’re a beginner trader or an experienced one, worldtradexFX offers a range of options tailored to meet your needs. This review will dive into the key features, regulations, trading instruments, platforms, mobile app, account types, commissions, customer support, education, reputation, and bonuses. By the end, you will have a clearer understanding of whether worldtradexFX is a suitable choice for your trading journey. worldtradex’s minimum deposit requirement of just $25 makes it accessible for new traders, it is a perfect broker for beginners.
When it comes to spreads and commissions, worldtradexFX works both with floating and fixed spreads. The floating spreads can start from 0 pips depending on your account type. However please be aware that some fees may be applied in certain cases. The only exceptions here may be in the case of your deposit not matching the base currency on your account, you would then have to pay a conversion fee. Your bank may also charge you a commission or fee on wire transfers, though there is no fee directly from the broker.
worldtradex has made significant progress in a relatively short period of time. Since entering a very competitive market eight years ago, it has built up a client base of almost one million traders and won a host of industry awards. Such success is built on developing an approach that is, first and foremost, trader focused. Account security — in line with the guidelines provided by the better regulators, worldtradex keeps client funds in segregated accounts.
