Trade CFDs on the shares of some of the world’s leading companies with a globally renowned broker. Experience swift order execution and minimal spreads with worldtradex’s intuitive MetaTrader 4 platform, allowing effortless trading of CFDs on stocks such as Apple, Microsoft, and Facebook. Tempting trading conditionsHowever, my attention to worldtradex was captivated by its outstanding reputation with traders. worldtradex also offers an economic calendar while a VPS is available for $30 per month or with a minimum deposit of $5,000. worldtradex’s MetaTrader 4 trading platform is available via a mobile app for Android and iOS devices. worldtradex is a multi-regulated broker, and account verification is mandatory.
MetaTrader 4 is a straightforward platform that allows for efficient trading for all skill levels. Beginners can stick to the regular version of MT4, the WebTrader, or the mobile version. The Personal Multi-Account Manager is also highly advanced, making it possible to trade several MT4 accounts at the same time and offer the same advanced charting tools. worldtradex is one of the few brokers that offer traders the flexibility to choose between fixed and floating spread accounts.
Deposits and Withdrawals
Most traders will pass verification after submitting a copy of their ID and one proof of residency document. worldtradex might ask for additional information on a case-by-case basis. I want to caution beginner traders when using demo trading as a simulation tool, and they should consider the limitations. Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations. The most ignored trading costs are swap rates on leveraged overnight positions.
worldtradex detailed information and reviews
- Trade Forex CFDs with efficiency and precision using the MetaTrader 4 desktop version, accentuating your trading strategies with its advanced features and functionalities.
- Among the drawbacks I found were the lack of an alternative to the MetaTrader 4 platform and elevated spreads on certain popular instruments, such as EUR/USD and GBP/JPY.
- The available materials and tools inform the broker’s clients of trading opportunities that are currently developing and explain how and why those opportunities are taking place.
- Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. worldtradex has its own Academy where you can learn via seminars and webinars, or find out about an expo to attend. worldtradex has its own set of trading tools, such as calculators for margins, pips, and currency conversions. There is also free VPS hosting and a visual representation of when the major markets are open. The worldtradex Research mobile app provides financial articles, real-time currency quotes, daily technical and fundamental commentaries, live economic calendar alerts, and daily market news.
worldtradex offers a good range of trading platforms
Beginners will appreciate the worldtradex Academy with its educational materials while even advanced traders can benefit from seminars and webinars. The range of MT4 platforms supported by worldtradex allows this platform to appeal to traders of all skill levels. Beginners may stick to MT4 Standard while experienced traders will use MT4 Advanced and professionals or money managers will use the Personal Multi-Account Manager. Because of the size of the broker, worldtradex can offer competitive pricing. Spreads vary from as low as 0.5 to 1.7 for live floating spreads with EUR/USD or 1.6 to 2.8 for fixed spreads, depending on account type.
- worldtradex’s MT4 platform is available on Windows and Mac and supports 39 languages, including English, French, Spanish, German, Arabic, Chinese, and more.
- Because of the size of the broker, worldtradex can offer competitive pricing.
- Its 200+ instruments and multiple platforms are accessible in 180+ countries with 50,000+ retail traders worldwide.
- worldtradex is a strong all-round broker with a reliable platform, low fees, high leverage, and a selection of welcome bonuses.
- The assortment is wide enough to accommodate the basic needs of most types of traders.
- worldtradex provides a diverse range of highly informative educational materials in both written and video formats.
Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-free Absolute Zero account. Fasapay has a transaction limit of $5,000 with a withdrawal fee of 0.5 percent (up to $5). China Union has a transaction limit of 360,000 CNY with a withdrawal fee of 20 CNY. Finally, you can make a deposit via mail or over the phone without a fee. worldtradex impresses with its probing and layered market research, developed in-house and incorporated from Trading Central. The broker provides regular market breakdowns, featured trading ideas, a comprehensive market sentiment tool, and more.
If you have at least $250 on your trading account, you can access the bronze package, which I use, and join analysis discussions that are always going on. Plus, this is an excellent tool for exploring other markets than the one you are focused on. The primary difference between live floating/live fixed trading accounts and the ECN/STP model Worldtradex website is market execution.
Deposits & Withdrawals
Among the drawbacks I found were the lack of an alternative to the MetaTrader 4 platform and elevated spreads on certain popular instruments, such as EUR/USD and GBP/JPY. worldtradex provides a diverse range of highly informative educational materials in both written and video formats. The broker has published multiple eBooks and hosted hundreds of webinars, along with maintaining a podcast with regular episodes. Its educational content is thoughtfully designed to cater to traders of all experience levels. I asked a series of questions with varying degrees of difficulty and determined that the agent’s answers were swift and comprehensive.
Compared to the industry average, worldtradex offers an average number of share CFDs and commodities and a high number of currency pairs, and indices. worldtradex’s TradeCopier connects signal providers and signal followers and is available from the client portal. I found the leaderboard to be highly informative and easy to navigate. Signal followers can quickly and easily assess the performance of various trading strategies based on various parameters, including their average return, maximum risk, longevity, and more. In my opinion, MT4 is best suited for automated trading via Expert Advisors (EAs). 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.
After reviewing the broker’s legal documents, I found everything to be in order. The Client Agreement is easily accessible on the website, with all relevant information presented clearly and in an easy-to-understand format. Overall, I concluded that worldtradex is an excellent choice for day traders, copy traders, and algorithmic traders. The MT4 platform, whether accessed through Windows or WebTrader, is tailored to provide a comprehensive and enriched trading environment. Trade Forex CFDs with efficiency and precision using the MetaTrader 4 desktop version, accentuating your trading strategies with its advanced features and functionalities. worldtradex is a global multi-asset CFDs broker and is part of the worldtradex Group which includes several entities authorised and regulated by the FCA (UK), and the FSCA (South Africa).
Traders have the liberty to select between Live and STP/ECN trading accounts, each providing the option of both floating and fixed spreads to suit their trading style and preferences. worldtradex prides itself on creating a revolutionary online trading environment, granting extensive access to a broad and versatile array of trading instruments spanning six asset classes. Embark on a comprehensive trading journey with worldtradex – your gateway to the global markets.
Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. As a large international forex broker, worldtradex offers a variety of support resources. You can find instructions for using the MetaTrader 4 platform on worldtradex as well as numerous outside resources.
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. Explore the features of worldtradex’s exclusive Absolute Zero account, designed to offer an excellent trading experience coupled with spreads as low as 0 pips. I have been trying to salvage some of my money ,the so called adivice lose £1000 don’t ask me how and worldtradex won’t say. So I am trying to withdraw the £300 that’s left but can’t.To withdraw you have to close all trades easy. So you go to the withdrawal page peer withdraw processing ok.when you go back to https://worldtradex.bid/ trading platform it’s started trading by its self and you can’t stop.