worldtradex tries to create a trader-friendly environment and gives openness first priority. Their products have simplified and scammed by Worldtradex they now provide MT4 and MT5, formerly known as MT4 Micro and MT5 Pro. worldtradex is a broker that has operated for over 10 years and has been expanding during this time. It is a global company with several entities responding to different regulatory needs.
This allows less experienced traders to learn from and imitate the trading strategies of successful traders. Therefore, it not only facilitates learning for beginners but also potentially enhances trading outcomes. worldtradex extends three types of trading accounts to suit diverse user needs – the Micro (MT4), Pro (MT5), and the worldtradexTrader account. All three account types, beneficial for both beginners and professionals, provide fair and competitive conditions. Guaranteeing fairness, spreads on MT4 and worldtradex MT5 are now equal.
This entity is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, which is a more stringent regulatory body, though not top-tier. The dashboard includes a “Monitoring” area where users can view and share their performance, charts, profits, orders, and history with others. Both the user and any interested party can access this section to see the performance of accounts that have opted for public visibility.
No commissions
worldtradex Markets Ltd serves its clients in the Americas and other parts of the world and is regulated by the Mwali International Services Authority (MISA) in the Comoros. This regulation does not provide significant protection for consumers. On the positive side, it allows worldtradex greater flexibility in leverage and instruments while still serving clients from around the globe. During the account opening process, clients must choose a type of account. However, once the process is completed, they can easily add additional accounts with just one click. In terms of commodities, worldtradex presents opportunities to trade in energy products, precious metals, and others.
Account Opening
- worldtradex Rewards is a built-in loyalty program designed to reward active trading on the worldtradex platform, available to all clients by default without any extra registration requirements.
- Given its responsive and multi-channel customer service and the supplementary resources provided for customer support, worldtradex showcases a strong commitment to assisting its clients.
- From our assessment, worldtradex emerges as a broker that proves itself to be reliable and conducive to traders, making it a viable option for consideration.
- On both platforms, the normal spread on the highly traded EUR/USD currency pair is a minimum 0.6 pip.
- From the worldtradex review, you will get to know that, it distinguishes itself for its dedication to positive impact as much as for commission-free trading.
- This feature ensures that traders cannot lose more than their initial investment.
worldtradex does not charge deposit fees, and processing times range from instant to a few days. Given its responsive and multi-channel customer service and the supplementary resources provided for customer support, worldtradex showcases a strong commitment to assisting its clients. There is certainly room for enhancement, such as the introduction of 24/7 support, yet the existing offering should meet the needs of the majority of traders and can be considered dependable. Finally, worldtradex offers free educational resources such as articles and video tutorials. For more experienced traders, worldtradex provides advanced analytical tools, including charting capabilities and various technical indicators.
Tailored for All Traders
Additionally, approximately 30 cryptocurrency assets are available (also during weekends). The floating spreads for currency pairs involving the yen ranged from 1.9 to 2.6 pips, while major pairs (excluding EUR/USD) average around 1.5 pips. Spreads across different account types are similar, with worldtradexTrader accounts offering slightly lower spreads for Forex. worldtradex offers trading accounts denominated exclusively in US Dollars (USD). worldtradex platforms incorporate advanced charting tools, promote ease of use, and support algorithmic trading. Although not proprietary, the platforms provide opportunities for copy trading, allowing users to replicate successful strategies from other traders.
worldtradex Account Conditions Score
Internal transfers between different accounts can be done from the dashboard and are nearly instantaneous. There is also the option to transfer funds to a wallet outside of these accounts but within worldtradex. worldtradex does a commendable job of offering educational and research materials to its users, though room for improvement and expansion still exists compared to some industry leaders. worldtradex offers a broad spectrum of tradable instruments to cater to different trading interests and strategies, though it doesn’t include all potential asset classes. Download our app and keep track of your orders whether you’re in the office, on vacation, or at home.
- Uni Fin Invest holds an Investment Dealer licence (Full Service Dealer, excluding Underwriting).
- Over two years of research and development, we have interviewed traders worldwide, discussing the platform’s usability.
- Our intuitive platform ensures you can dive right in, regardless of your experience level.
- In addition, worldtradex provides extra services to its clients, including educational content, relevant information, bonuses, and customer support, which are readily available to resolve any issues.
Furthermore, through MetaTrader, clients have the opportunity to become “Master Traders,” enabling their trades to be copied by others, for which they receive an income. worldtradex provides fully functional mobile trading apps for MT4, MT5, and worldtradexTrader that are available for both Android and iOS devices. These apps offer full trading capabilities, interactive charts, and technical analysis tools on the go. worldtradex offers access to multiple robust trading platforms, which include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and worldtradexTrader. Whether you trade occasionally or are actively involved in the markets, worldtradex provides various tools to follow any trading style and achieve any specific goal. It’s quite easy to either withdraw your money or put it into your worldtradex account!
The request was completed in under a minute and did not require sending an email or notifying customer service. The minimum deposit is $25, while for several cryptocurrencies, the amount is approximately $50. During the review, we faced a minimum deposit of 50 USDT (Tether). The entire process can be completed quickly, often within a day, provided the necessary documents are readily available.
Our intuitive platform ensures you can dive right in, regardless of your experience level. Your funds are protected at all stages, from depositing to withdrawal. We also minimise the risk of loss by keeping your funds segregated from worldtradex’s assets. As for the awards count, worldtradex has earned over 70 awards, which includes, “Most Reliable Broker Asia 2023” and the “Best Forex Broker 2023” award. Let us now explore why traders all around turn to worldtradex as their preferred platform.
deposit bonus
In 2022, trading over the weekend was allowed due to the rise of cryptocurrencies. After more than 10 years in the market, the company claims to have opened over 40 million accounts, received more than 70 awards, and paid out over 33 million USD in bonuses. Your key to opening the trading world free from danger is the worldtradex demo account. Before starting actual investments, this Forex practice ground lets you learn the hints of the trading platform and understand the dynamics of the Forex market. With worldtradex, you can trade a total of 300 trading instruments, including 52 Forex pairs and https://worldtradex.live/ 277 CFDs, covering indices, commodities, and cryptocurrencies.
The amount experienced a slight deduction due to conversion fees, but no additional charges were applied. To withdraw the bonus, the client must trade a number of lots equal to half of the bonus amount. For example, if the bonus totals USD 400, the client must trade 200 lots to be able to withdraw it.