That worldtradex is catering to all these groups is a big plus for the site, and the resources are made available to traders using demo as well as live accounts. worldtradex offers 5 crypto markets like bitcoin, ethereum and litecoin — this is a limited range. On the upside, those markets that are available are traded using the MetaTrader platforms, so at least the quality of service is guaranteed to be high. Its worldtradexFX.eu arm is regulated by CySec (Cyprus Securities and Exchange Commission) and has offices worldwide.
worldtradex – Best Inhouse/Proprietary Trading Platform
Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
worldtradex Desktop MetaTrader 5 Platform
This is an observation rather than a criticism as it just demonstrates the way the site allows aggressive trading strategies to be carried out. worldtradex is so confident about its pricing that there is a section of its homepage dedicated to sharing the live spread on some major forex pairs. Trade with a 100% deposit bonus and get a chanceto win an iPhone 15 Pro, a merch pack and many more.
Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience. 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.
Trading Conditions
These services empower worldtradexFX users to refine their skills, maximize profits, and benefit from a collaborative trading https://worldtradex.world/ environment. worldtradexFX does not charge any fees for withdrawals and also covers any fees imposed by payment systems, allowing traders to withdraw funds without incurring additional costs. Its compliance with international standards demonstrates its commitment to maintaining financial integrity and customer trust.
- This tool automatically searches for technical analysis patterns, using a large dataset of expert-curated content and AI-powered models that pick relevant figures from historical data.
- Now, leaving their orders open overnight, traders won’t be obliged to pay overnight fees.
- It also facilitates copy trading services and offers extensive educational materials.
- Read our full explanation and accounting of our research and testing process to learn more about how we test.
Leverage
Account security — in line with the guidelines provided by the better regulators, worldtradex keeps client funds in segregated accounts. 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. worldtradex states that the firm is in full compliance with international legislation and regulation standards, and guarantees funds security and negative balance protection (NBP) to its clients. 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.
worldtradex offers services through Orinco Capital (Pty) Ltd, primarily for clients located in Africa. 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. Using worldtradex allows clients to trade in micro and mini lots on its platforms, which is particularly beneficial for new traders or those seeking a more cautious approach in their risk-management strategy.
Usually, worldtradex confirms withdrawals within 1-2 business days, but allow extra days for your Bank to process the transaction. worldtradex Cyprus entity together with its operations established under ESMA rules offers lower leverage levels as defined by the regulator. This means that European traders or those clients that are registered with worldtradex European entity will fall under ESMA regulation Leverage. The mobile app is also offered for both platforms, while apps are simple to use and offer a wide range of tools at the same time. MT5 mobile offers various charting capabilities and customization which is fantastic for mobile trading along with full management of your account. The “Space” functionality, which provides tailored trading ideas and market analysis straight on the platform, is one prominent feature.
While we maintain editorial independence and carefully evaluate all options, featured companies in Branded articles compensate us for inclusion. While we strive to be comprehensive, the compensation we receive can influence the products, companies, or services we showcase and review. They will have full regulatory compliance with reputable authorities, strong security measures, data protection, and fund segregation.
Single app and web service integrated into the Oct lets you earn like an experienced trader without any specific knowledge. You simply start following some pro trader you’ve picked, and worldtradex CopyTrading app automatically copies their trades. Also, there is no commission based account soffered all Broker fee strucutre is based on spread, which is important to note for trades who prefere commission fee structure. Fee table see below, also always consider other than trading fees like funding fees and inactivity.
worldtradex Broker stands out as a reputable broker with an easy-to-use platform, making it suitable for traders at all levels. worldtradexFX supports the popular trading platform MetaTrader 5 (MT5), widely appreciated for its advanced analytical tools and user-friendly interfaces. The broker caters to traders of all experience levels, offering educational resources, demo accounts, and low-deposit entry points, making it particularly suitable for beginners. worldtradex is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, worldtradex offers free educational webinars, articles, and analytical tools.
- By offering a range of payment methods with swift processing times and zero fees, worldtradexFX ensures that managing your trading funds is both efficient and economical.
- Legitimate brokers are required to keep segregated accounts of client funds within their trading operational accounts.
- Our market analysis service offers the latest currency rates, including EURUSD and GBPUSD, intelligent technical analysis tools, and daily market insights from our experts.
- While obviously, worldtradex Cyprus is more trusted, the international proposal features more comprehensive tools and conditions along with education and research materials and MT4 availability.
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. Upgrading to a live account requires a bit more leg-work but is by no means arduous. Payment options include VISA, AWEpay, bitcoin, FasaPay, local bank deposits, local bank transfers, Neteller, Paytm, Skrill, UnionPay. It’s always nice to have extra security tools thrown in and worldtradex provides more than most.
From a trading perspective, the app is comprehensive, including an economic calendar and a section called “Space,” which features posts about different market assets filtered according to the trader’s interests. Another program offered by worldtradex is a tiered loyalty Worldtradex program (without fees), where traders advance through categories based on their account balance, gaining access to benefits and rewards. The worldtradex Status Program allows traders to unlock various benefits based on their trading account balance. Benefits include lower spreads, faster transfer and withdrawal times, access to personal account experts, and various rewards based on their trading activity. For every standard lot traded, you earn prize lots, which can be redeemed for items like T-shirts, gadgets, or even a MacBook. Higher account statuses (Silver, Gold, Platinum) help you earn prize lots faster.
Each platform is provided with an intuitive interface and a set of analytical tools, which give a chance to traders to take trading decisions and therefore maximize the process of trading. At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying. The dashboard, or client portal, provides relevant information and tools regarding the account. Numerous sections focus on customer services related to accounts and administration rather than market-related issues.
worldtradex (formerly worldtradexFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. It has several entities around the world and provides services by industry standards. worldtradex also provides services through Uni Fin Invest, which is based in Mauritius and operates under the regulations of the local financial authority. The dashboard includes a “Monitoring” area where users can view and share their performance, charts, profits, orders, and history with others.