When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. Essentially, the broker lends the trader money so that the latter can open bigger positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.
And I mainly trade EURUSD, USDCAD, AUDUSD and GBPUSD currency pairs.Of course, narrowest spreads were on EURUSD currency pair. This was during a period of low volatility.But I know that spreads are narrow if you have more advanced trading account.And a lot depends on type of financial instrument. Actually, this was the first place where I started trading futures contracts on indices and soft commodities. worldtradex had a familiar MT4 platform and reasonable fees for this type of asset. Though, I wanted more choices of accounts, especially expected from them some zero spreads accounts. I quite enjoyed worldtradex’s educational guides covering very basic trading topics that novice traders are likely to ask.
On top of that, you have indicators, etch views, economic calendar and market buzz from trading central. So I cannot complain about my trading being unfinformed. But I would prefer some other trading apps such as mt5, for more detailed price view. That said, the system of account is pretty interesting. Having really tight spreads on currency pairs is more than a priority for me, so i signed for a Premium account. They have the system of bonuses too but I don’t even use them.
Deposit and Withdrawal
You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades. As a chart artist, I have always preferred trading platforms with charts that allow me to scale price action up and down easily. I found its charting capabilities quite rigid and ineffective. The one thing that MT4 is quite suitable for is automated trading because it is not dependent on the execution of precise technical analysis. MetaTrader 4 has many essential features, such as one-click trading, an alarm setting option, and a depth of markets tool.
I like how many educational resources they have for newbies. The broker operates on a Straight-Through-Processing (STP) basis without a dealing desk. Order requests are transmitted to the interbank level, where worldtradex’s liquidity providers fill them. As long as there is enough liquidity in the market, all order requests will be filled at varying speeds. I did not find any specific feature in worldtradex’s offering to say that the broker is better suited for high-frequency or longer-term trading.
The MT4 app’s interface is clean and neat by itself, I get it. But worldtradex stuffed it with a good range of tools – fx, metals, CFD on futures and shares – so it’s a pleasure to stop by and do some trading. Whenever I pay in, I use my usdt and that’s fine.
Does this company has some educational materials?
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- When I switched to a privilege account, I could get the most fruitful benefit, more tighter spreads.
- This was during a period of low volatility.But I know that spreads are narrow if you have more advanced trading account.And a lot depends on type of financial instrument.
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They do not delve particularly deep into the subject matter or examine more https://worldtradex.space/ complex topics but are quite useful as a starting point. I also appreciated the vast amount of over 150 written articles that are available from worldtradex’s blog section of the website. Traders also have access to the broker’s four educational e-books. worldtradex’s mobile app affords traders quick and easy access to the market on the go. It is very useful for making snap adjustments to any open trades. The market is volatile and ever-changing, and staying on top of the latest developments is made easy with the mobile app version of MT4.
They did it again emptied my account…
I conducted my test on 18 December at around 9.50 am CET via live chat. I requested additional information about worldtradex’s execution model, average execution speed, and general trading conditions. An agent connected almost instantaneously to the chat, but they did not introduce themselves. They responded fairly quickly to my question about the inactivity fee policy but struggled to explain their execution model. However, as a https://worldtradex.world/ trader who relies heavily on precise technical analysis, I am highly skeptical of MetaTrader 4. At least when it comes to executing penetrating technical analysis.
We look forward to continuing to serve you.worldtradexEmpowering traders. Hello Manolu C.,We’re glad to hear that you have found our educational materials to be informative. Our team is dedicated to providing our clients with the resources they need to succeed, and we appreciate your feedback.
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worldtradex is still a relatively new broker, having been established just a couple of years ago. Hence, the company is still working on developing a strong brand name that is trusted internationally. It is currently licensed and regulated by a single regulatory body – the FSA of Seychelles, which requires brokers to ensure segregated funds and negative balance protection. However, there is no cap on the maximum retail leverage, and no compensation scheme has been put in place. worldtradex provided all I like, MT4 stable platform, fast support, high leverage on forex.
Hi Murtada Siraj Guirguis,Thanks for taking the time to share with us your feedback! We’re glad to hear you’ve been able to do well with the platform. We’re consistently looking at various features that might make the platform more useful for our traders. Hi Enrique,Thank you for your kind words about Thomas. Our team is made up of dedicated professionals, and we’re proud to see that he provided you with exceptional service. Hi A Muro,Thanks for taking the time to share with us your feedback!
My favorite part of using the platform is the copier trader which is more distinguished than any of the others I have used before plus the trading conditions are very good. Although the execution isn’t very fast for me but the platform works great. In my estimation, worldtradex’s most useful type of educational content is its webinars.