These resources are crucial for developing a solid foundation in trading principles and practices. Entry and exit orders were executed as intended, with only minor slippage observed. Limit orders were adjusted almost exactly to the specified price without jumps, though a small percentage of stop orders did experience some variation. Internal transfers between different accounts can be done from the dashboard and are nearly instantaneous.
Can I have multiple accounts with WorldtradexFX?
Bonuses of 10%, 20% or 50% can be claimed on each deposit with WorldtradexFx but there are even bigger bonuses available during holidays and other limited-time events. There is also a Trader’s Glossary with precise definitions of common forex terms to help clients become familiar with different trading terminologies. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Worldtradex is regulated in Cyprus by the Securities & Exchange Commission (CySEC) and in South Africa by the Financial Sector Conduct Authority (FSCA).
Our broker reviews are reader supported and we may receive payment when you click on a https://worldtradex.bid/ partner site. However, the payments we receive can influence the products, companies, or services we highlight and evaluate. Worldtradex provides a variety of educational resources aimed at enhancing trading skills.
Finally, a specialized team of security experts and technicians monitors WorldtradexFX’s technical landscape around the clock. Their efforts have strengthened the platform’s security, significantly lowering the risk of data breaches or technical disruptions. Users often report varying experiences with the speed and ease of withdrawals. Some find the process straightforward, while others note occasional delays.
I opened an MT5 Trading Account to test the broker’s trading conditions and I was impressed with the spreads Worldtradex supplied. The broker offers EUR/USD from 0.90 pips which is some of the tightest spreads for a Standard account I’ve tested. As an ECN (Electronic Communications Network) broker, Worldtradex delivers tight spreads and fast execution speed by matching your order with the best offer from another trader on the network. This plays well into your hands as you will always receive the best available price from the network, leading to cheaper trading fees and better profit potential. As a Invesmtnet Opportunitites avilable at Worldtradex we will mark availability of Copy Trading which is a good option for various traders. Worldtradex shines in giving several trading tools for active traders, however, individuals looking for long-term investments could have to take more thought on other platforms, including bonds and ETFs.
In addition, the demo account invites Malaysian traders to participate in the exciting Champion Demo Contest, which offers the possibility of cash prizes. Worldtradex provides several educational and training tools for beginners as well as expert traders. You can always use the option of starting with a demo account to test all features available. Worldtradex is a CFD broker and it offers a limited range of financial assets for its customers.
For example, the desktop version offers 38 technical indicators (classic trend indicators, volume indicators, oscillators), while the web version offers 30 indicators for technical analysis. Both web and desktop versions are able to give worthy trading experience with One-click trading, Trade history, etc. In line with the desktop version, the Worldtradex trading app is execution-focused. It provides a range of core services, including charting tools to help clients get into the markets with the right level of support. Worldtradex gives a high priority to analysis and education for both new and experienced traders to its platform, having won a couple of awards in 2023 for ‘best education broker’. All the background materials are of high quality, and the videos are supported on YouTube.
- The broker claims to offer competitive spreads as compared to other forex brokers.
- WorldtradexFX has recently launched its own CopyTrading app, aiming to enhance the lives of traders through a well-thought-out strategic approach.
- The demo account is unlimited in funds as you can top it up should you need more virtual currency, and has no expiration date.
- Many customers in the online forex community have left positive comments about the excellent customer service.
Worldtradex offers the basic options when it comes to funding your account through traditional methods and some crypto options. The broker offers reasonable times to process your deposit and withdrawals. The copy trading platform is also a bonus, which is the perfect opportunity to mirror the trades of 1,500 traders and leverage their experience to Worldtradex scam profit from leveraged markets. As you can see from the above table all the accounts offer the same regarding trading costs, the only difference is the trading platform.
WorldtradexFX Basic Order Types
- Depending on the withdrawal method used, the minimum withdrawal amount is $5.
- However, some service providers may charge operational costs, so you must check with your chosen banks or payment providers to learn more about the applicable fees.
- On WorldtradexFx, customers can withdraw funds from their trading accounts using the same ways they deposited.
- It is regulated by the FSC in Mauritius, the Mwali International Services Authority (MISA), and CySEC for European traders.
- We believe in a partnership, that’s why we welcome all feedback, to understand our users’ needs and provide them with the best Forex trading experience.
- Tight spreads from 0.6 pips, 80 trading instruments, including currencies, metals, energies, indices, and cryptocurrencies.
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. The threshold to access the bonus is high and requires a substantial trading volume.
How Copy Trading Works
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 40+ million trading accounts. Worldtradex is a technology-based brokerage company and Forex broker that offers an industry-leading platform Metatrader4 and MetaTrader5 with numerous investment opportunities and great capabilities. We understand the importance of transparency and trust when choosing a trading platform, and we’re here to clarify the situation.
Which instruments offer the highest leverage?
We believe in a partnership, that’s why we welcome all feedback, to understand our users’ needs and provide them with the best Forex trading experience. Nevertheless, there have been instances where users experienced extended waiting periods for their withdrawals. However, traders are urged to seek professional financial advice before making investment decisions. Yes, WorldtradexFX appreciates user feedback and encourages traders to share their experiences and suggestions for improvement.
WorldtradexFX also launched WorldtradexTrader, a proprietary web platform designed to provide essential trading functionality simply. Another point to consider is WorldtradexFX’s advantage in market research, as it provides slightly higher quality content in its Market Insights section. Log in to your profile, scroll down the Dashboard page, press Create Account next to Your Accounts section, then choose a trading platform and press Demo beneath the Account type. There is no extra verification required, and once a client’s separate wallet is set up, it’s easy to hook up to the signals of other traders.
With 300 markets I found Worldtradex provides the major financial instruments most traders would focus on such as forex majors, gold, stocks like Tesla, or cryptocurrencies like Bitcoin. I think this is a sweet spot for the majority of traders unless you are seeking less popular markets or specific stocks to trade. Worldtradex scored highly in my trust test with 12 years of industry experience and licences from CySEC, MSC, and MISA delivers a secure and transparent forex broker. I think the broker’s trust is supported by its 60+ awards from the forex industry and 8,000+ positive TrustPilot reviews demonstrating that its clients are happy with its operations. You can open a demo account with unlimited funds and no expiration giving you ample time to test each platform to see which suits you best. The demo account provides real-time price feeds like a live account but gives you virtual funds to trade in a risk-free environment.
Worldtradex offers a mere 257 tradeable instruments, which varies by platform, with the most on its MT5 offering. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. Worldtradex (formerly WorldtradexFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform.