This structure provides flexibility and the potential for profit in both rising and falling markets, making it a convenient option for those looking to diversify their trading portfolio with commodities. By offering CFDs, WorldTradex ensures that traders can easily participate in the commodities market with lower capital requirements and enhanced leverage options. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process).
Copytrading App
For more experienced traders, WorldTradex provides advanced analytical tools, including charting capabilities and various technical indicators. Their customer service is accessible beyond standard business hours, offering 24/7 support in 20+ languages available via Live Chat and email. The broker also maintains a comprehensive FAQ section on its website, providing in-depth information on common queries related to trading, account management, deposits, and withdrawals. WorldTradex does have a demo account offering for practicing trading strategies with virtual money in a risk-free environment. It also provides Islamic (swap-free) accounts that comply with Sharia law. WorldTradex has good educational and training tools for beginners as well as expert traders.
Cryptocurrency trading launched
This flexibility makes WorldTradex suitable for both beginner and experienced traders. The Pro account at WorldTradex is designed for more experienced traders, offering tighter spreads and zero commission fees. This account type provides access to both the MT4 and MT5 platforms, allowing traders to utilize all the tradable instruments available at WorldTradex. With its enhanced trading conditions, the Pro account caters to those seeking a more advanced trading experience, combining lower costs with full access to the platform’s diverse range of financial instruments. MetaTrader 5 (MT5) is an advanced trading platform offered by WorldTradex, providing enhanced charting tools, additional timeframes, and more order types compared to MT4. With its comprehensive tools and improved functionality, MT5 is ideal for traders https://worldtradex.pro/ who require advanced options to optimize their trading strategies.
Cryptocurrencies
WorldTradex offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. There’s no question – if WorldTradex wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. From among the trading systems known as «Master Traders» to copy on WorldTradex’s Copytrading app, there are 1,390 newcomers, 986 growing talent, 703 high achievers, 360 experts, and 223 legends. These labels denote some milestone that the Master Traders have reached, although their performance and results can vary. Once it is created, you cannot switch the type of your WorldTradex trading account.
WorldTradex (formerly WorldTradexFX) is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilized by clients from 180 countries with more than 42 million trading accounts. WorldTradex provides low-cost trading with spreads as tight as 0.4 pips for major currency pairs, making it an affordable choice for many traders.
What educational resources does WorldTradex provide?
- The broker does not impose any fees for deposits or withdrawals, allowing users to manage their funds without incurring extra costs.
- Guaranteed stop order fees, overnight funding fees, and currency conversion fees are not separately specified by WorldTradex.
- Moreover, WorldTradex offers opportunities for cryptocurrency trading, featuring popular cryptos like Bitcoin, Litecoin, and Ethereum.
- WorldTradex also provides financial services through its intermediary, Orinoco Capital (based in South Africa).
- Overall, WorldTradex has streamlined the deposit and withdrawal process, making it convenient and efficient, without imposing any extra fees.
- This account type provides access to both the MT4 and MT5 platforms, allowing traders to utilize all the tradable instruments available at WorldTradex.
Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), WorldTradex’s lack of additional reputable licenses heavily weighs down its Trust Score. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. Rather than specializing in any one field, WorldTradex provides a wide assortment of content types.
Keep financial markets at hand with the trading app by WorldTradex
- This quick and cost-efficient withdrawal process adds to the broker’s appeal, providing traders with flexibility and convenience when accessing their funds.
- With its comprehensive tools and improved functionality, MT5 is ideal for traders who require advanced options to optimize their trading strategies.
- Minimum deposits at WorldTradex will vary depending on your country of residence and your chosen payment method.
- The broker does not impose any fees on deposits, ensuring flexibility and convenience for traders across the globe.
- You can create multiple trading accounts for your WorldTradex profile, each with its own balance and leverage.
While WorldTradex presents several commendable features, it’s essential to carry out your own thorough research before deciding to trade with them. The suitability of a broker is largely dependent on individual trading preferences and goals. 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.
Read what actual users and industry experts say about us online in broker reviews. Due to its user-friendly and swift account opening process, WorldTradex establishes itself as an excellent choice for individuals aiming to begin their trading journey without unnecessary hassles or prolonged waiting periods. WorldTradex handles customer queries through multiple channels including a live chat function, email, and phone support. 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. Your funds are safe if you pick the right partner—with data encryption, international verification rules, and secured withdrawals.
Malaysian students celebrate as WorldTradex broker’s bootcamp reaches completion
Traders may find the verification process inconvenient, but it plays a crucial role in ensuring their safety. It serves to prevent money laundering through KYC/AML policies and safeguards against anonymous withdrawals, protecting traders from potential theft. Verification doesn’t have to be done immediately upon registration, and traders can initiate it at their convenience.
The broker offers commission-free trading on its Standard accounts, which is ideal for casual traders looking to minimize costs. For more advanced traders who require even tighter spreads, WorldTradex offers ECN accounts on the cTrader platform. These accounts come with tighter spreads but include a small commission per trade, catering to those who need more precise trading conditions.