With more than 42 million accounts spread across 180 countries, multi-regulated broker Worldtradex provides a wide range of trading options across asset classes. Worldtradex provides low spreads, no commissions, and a minimum deposit of $25 using over 300 instruments—including 52 currency pairings, 34 cryptocurrencies, and 10 global indices. In this Skilling Global review, you will learn the complete understanding of the broker’s trading instruments, platforms, and other relevant information not limited to fees, regulations, and account types.
The broker claims to offer competitive spreads as compared to other forex brokers. WorldtradexFx boasts of a spread floating, starting from as low as 0.6pips. 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. At Worldtradex, we provide the MT4 platform Worldtradex reviews to help our clients trade efficiently and with complete peace of mind.
Web and mobile trading platform WorldtradexTrader enables you to diversify and upgrade your trading. You can also create accounts on the MetaTrader 4 and MetaTrader 5 platforms to trade Forex, cryptocurrencies, and other instruments. Compare the platforms‘ features to find the one that is right for you.
- To withdraw funds, customers’ free margin has to exceed the withdrawal amount, then they have to complete the verification process and get their accounts verified.
- The MT4 platform offers the highest security standards to protect traders‘ funds.
- I would say this is a good stock trading platform for those of you who are looking for something more than just forex.
- Worldtradex research upholds elite-level online training & education quality that is grounded firmly on empirical and social science.
- 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.
Designed to appeal to both beginners and advanced traders, the Worldtradex Desktop MetaTrader 4 (MT4) platform is much praised for its reliability and adaptability. The software showed robust charting tools and broad technical analysis capabilities throughout testing, therefore enabling users to personalize their trading environment properly. In addition, there is a security of the traders’ accounts applied by the Investor Protection and Compensation Schemes in case the broker goes bankrupt. Payment methods refers to the various mediums by which users can credit and withdraw from their accounts. WorldtradexFx offers its users different payment methods to be used either for deposits or withdrawals.
However, at times High-volume traders or like pattern traders might find it as limitation since commission basis account is preferred for easier calculation of trading costs. This electronic trading platform is used by new and experienced traders alike. It’s trusted by individual investors, introducing brokers, and trading companies. It is flexible enough to implement both simple and highly complex trading strategies.
- MetaTrader 5 is a sophisticated trading platform with lots of analytical tools.
- The mobile app offers a wide array of tools and indicators ranging from trends, to oscillators, to volumes and lastly bill Williams.
- It is important to add that as a beginner, you can also use Worldtradex’s copy trading instead, which allows you to automatically copy experienced traders’ positions.
- WorldtradexFX is a multi-award-winning broker that provides traders across the globe access to trade Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs.
- I find them to be the quickest and easiest way to move funds between my trading accounts.
Worldtradex ensures traders’ easy access to help by offering several lines of communication. Live chat is the main means of contact; it provides quick help and is open 24/7 in English, Hindi, and Urdu, among other languages. Worldtradex withdrawal options are the same Bank wire for all accounts, there is no Credit Cards supported for Cyprus entity. Worldtradex also covers fees so you may access your moany at any time and receive it relatively quickly. Usually, Worldtradex confirms withdrawals within 1-2 business days, but allow extra days for your Bank to process the transaction. By means of Expert Advisors (EAs), MT4 supports automated trading, therefore improving trading efficiency and facilitating users to apply algorithmic techniques effortlessly.
It is known to be quite popular among intraday trading pros and algorithmic traders thanks to its advanced features. You can just tell it by watching their account types, they have two. The differences are the platform and assets options, thats pretty much it. I presonally chose the second option that works with mt5, as the platform is more suitable for me.
Download MetaTrader 4 on your phone
We will also look at the users’ reviews and answer some frequently asked questions. The social and copy trading experience, hedging, scalping and the option of swap-free accounts are welcoming features offered by WorldtradexFx. Again, the provision of standard demo accounts helps clients learn trading and key trading techniques without fear of loss or risk to real funds.
Supported Countries
I feel that the platforms should have more than enough tools for most of you to get by. You can also find loads more of free and paid add-ons to further enhance their capabilities. There are programming interfaces if you wish to build your own tools or you could hire someone to do it for you if your coding skills are limited. That being said, it is nice to see that WorldtradexFX have a good selection of useful trading tools that can be used for trading signals, market analysis and risk management. Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out Worldtradex’s educational offering. That being said, there isn’t much educational content for learning how to trade or understand market dynamics.
Coming to assets, the company offers a wide array of tradable assets, allowing clients to pick their favorites and suitable ones for trading. There is also an availability of multiple trading tools and indicators, which serves to enhance clients’ trading experience and help them trade confidently. The company, besides featuring a full fledged FAQs section to help clients find answers to their queries on an immediate basis, offers multilingual customer support 24 hours 7 days a week.
Our best spreads and conditions
Rather than specializing in any one field, Worldtradex provides a wide assortment of content types. However, when compared to research leaders IG, Saxo, and CMC Markets, Worldtradex has room to enhance its research offering. For instance, I found that the content on the Worldtradex Blog is not updated daily across all categories. Worldtradex has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers.
MetaTrader 4 Desktop
The MT5 account, also called innovative account, is an account type for clients with trading expertise. Its trading instruments are inclusive of forex, commodities, indices, cryptocurrencies and stocks. The broker has its proprietary trading platform known as WorldtradexTrader, which operates on web and mobile versions. In addition to this, WorldtradexFx is one of the MetaTrader 4 brokers and also offers the MetaTrader 5 platforms to traders. MT4 and MT5 are the gold standards when it concerns automated trading solutions.
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Various account types on the 3 platforms have different deactivation dates as stated below. The spread for all available currency pairs offered by WorldtradexFx – including major, minor and exotic pairs are listed in the table below. We strive to offer the best trading conditions on the market to make trading more effective for our traders. Scalping allows traders to take profit opportunities even when the price changes are very small. To make any meaningful profit with this strategy, you need to place multiple intraday trades.
Worldtradex is an STP Forex Broker also runs high standards of secure trading environment, as of the regulation it imposes. The offering to the clients is wide and even comprehensive since it proposes the same if not more investment opportunities to the world trading community. In this WorldtradexFx review, you will discover all the details about this broker. To change the leverage on WorldtradexFx, users first have to login to their trading account.
