worldtradex is among the fastest brokers in terms of fund accessibility since withdrawal requests are handled quickly—usually within one to three hours. Still, the chosen payment method and geographic location could determine the real-time for money to get to the trader’s account. The “Space” functionality, which provides tailored trading ideas and market analysis straight on the platform, is one prominent feature. This function gives pertinent insights in real-time, hence improving decision-making.
worldtradexFx Customer Support
- Here, as with other top broker reviews, we will take an in-depth look at the features and services which worldtradexFX has to offer, and how it compares with industry competitors.
- Dear Goh Chongsoon,Thank you for such a high rating and for sharing your feedback about our worldtradex Trading platform.
- This feature is often overlooked but is extremely valuable for Emirati traders who want to incorporate fundamental analysis into their strategies.
- A few minutes after submitting the withdrawal, we received a confirmation email.
- This is the same as 0.01 standard lots, or equal to $1,000 in cash value.
This app allows users to enjoy a smooth trading experience and keep track of executed orders from anywhere. Established in 2011 and located in London, worldtradexFx is a forex broker that renders its services to users worldwide. This review will focus on its regulations, trading instruments, deposit & withdrawal methods, online trading fees, spreads, leverage and how to open an account. It will also explore the investment safety measures provided by the broker. To show their commitment to mobile trading, worldtradexFX offers users a bonus on all first-time deposits made through the trading app. This includes a 50% bonus on the user’s margin, which allows you to take on larger positions but as with any broker it is always advisable to thoroughly read the small print before committing.
Contests and offers
It has an easy-to-use interface and real-time statistics to monitor performance. The cashback rebate program returns a percentage of the trading spread, subject to conditions such as trading volume. Yes, worldtradexFX provides a variety of risk management tools, such as stop-loss and take-profit levels. An economic calendar, daily analytical posts, and automated technical insights via MetaTrader’s Autochartist plugin are all included in this section. While not a household name, I’m comfortable with the CySEC keeping a close eye on worldtradexFX.
The platform strives for realism by accurately simulating real-world trading situations and providing learning opportunities that closely reflect current market conditions. Tailored to cater exclusively to proficient traders from diverse financial backgrounds within the UAE, the MetaTrader 5 account proffers avant-garde trading instruments and exceptional trade conditions. A demo trading competition offered by worldtradexFX presents Emirati traders with a secure place to hone their trading strategies and techniques without financial risk. This opportunity enables participants to build expertise while competing in the contest.
On the other hand, if you see that the price has increased, then click on the ‘Buy’ button. Incorporated into the spread, offering cost-effective trading for CFDs. The MetaTrader 5 Web Platform (Web Trader) is a slightly stripped-down version of the desktop platform.
As for the leverage, a known instrument that increases the initial capital you trading with and can be a very useful tool to magnify Worldtradex official site potential gains is offered by the worldtradex broker as well. However, along with its great capabilities, leverage increases risks together with its benefits, so you should always learn how to use tools smartly. For a wider selection of products with thousands of instruments we would advise selecct other Broker then. Overall, worldtradex provides good flexibility in terms of conditions, platforms, and instruments it proposes. Therefore means its operation is aligned to the necessary protection level. worldtradex is an STP Forex Broker also runs high standards of secure trading environment, as of the regulation it imposes.
Here you get exactly what you expect with a very robust and extremely powerful and also lightweight trading platform that can run on virtually any device. Here is a more detailed look at the wide range of top trading platforms you can expect to find when you are trading at worldtradexFX, and what they can provide you with. These are all useful and important tools to utilize for any forex trader on all platforms and brokers. Taking a look at the CFD markets available from worldtradexFX, it is noted that they offer a little more than 70 assets in total.
Depending on the withdrawal method used, the minimum withdrawal amount is $5. However, customers can withdraw as many times as they wish and withdrawal is free. Payment methods refers to the various mediums by which users can credit and withdraw from their accounts. worldtradexFx offers its users different payment methods to be used either for deposits or withdrawals. This broker charges no fees on currency conversion during deposits and withdrawals.
I found the signals to clearly demonstrate the trading idea and the market commentary is a nice touch to help explain the move. MetaTrader 5, and worldtradexTrader giving you a decent choice for personalising the way you can trade with the broker. In this sense, worldtradex offers swap-free trading in its purest form. 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. With a rating of 4.4 out of 5 after 3.9K+ reviews, the company reputation speaks for itself regarding legitimacy concerns.
The only real difference here being that as a master you can earn commission. It also provides for detailed analysis with market reports and more to offer. Overall, this is an excellent hybrid combination that can secure the best market prices, lowest spreads, and fastest trade execution. These are Gold, Silver, WTI, Natural Gas and Brent Crude oil, with the oil commodities only being available to trade through MT5. In some places, you will also be allowed to make deposits through Bitcoin. In terms of the time it takes, wire transfers can take 3-7 business days to complete, while the other deposit methods are all typically instant.
This account type is a great starter account, though at the moment is not available to EU traders. worldtradexFX offers a great demo account that is easy to sign up for, just needing the most basic of your personal information and an email address. Overall great value with a choice of more than 70 assets to trade. We can say with confidence then, if you like trading with an ECN broker and are looking for a fast, low-spread environment, worldtradexFX would be a top choice. The variable spreads start from 0.2 – 0.4 pips with a commission already rolled in and no other mark-up to worry about on your MT4 Micro, or MT5 Pro Account. You will also find fixed spreads available on the MT4 Micro account that start from 2 pips.
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Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. When testing worldtradexFX’s customer support, we found that worldtradexFX excels, an aspect of the Forex and CFD trading industry that cannot be overlooked. Emirati traders who use the MT4, MT5, and worldtradexTrader platforms are eligible for cashback rebates. Withdrawals can be initiated via the trading platform or the account dashboard. In terms of withdrawal processing time, worldtradexFX typically processes withdrawal requests within 1-3 hours. However, depending on the payment system, the time it takes for the money to arrive at its destination may vary.
Costs and fees
- 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.
- However, Lithuania, Luxembourg, Oman, Poland, Portugal, Russia, Saudi Arabia, Slovakia, Slovenia, South Africa, Sweden, Spain are still trading here.
- Additionally, the app allows users to view the history of each operation, including changes made to orders, with great clarity.
- It’s worth noting that worldtradex’s primary execution venue is one of its own entities in St. Lucia.
With cTrader, users can trade directly with prominent banks globally. It has no restrictions on Stop/Limit levels and allows users to perform multiple functions like reverse, double or close all positions in one click. CTrader has a desktop version, and is also available in apps for android and iOS. However, for live account types, clients must complete the KYC process before initiating positions or withdrawals.
Lastly, we must remember XTB as another alternative, best if you are looking for a broker which has been on the market for close to twenty years now. The company has offices in more than 13 countries, including UK, Germany, France, and Chile. This makes XTB one of the safest brokers in the world, so you can’t go wrong with them. The current market situation is quickly available in the MetaTrader 4/5 mobile application. The application is, of course, used for FX trading, and it can be said to own a few powerful charting of all mobile applications.
A Stress Free Process
Available for Android and iOS smartphones, the worldtradex MobileTrader app offers a flawless trading experience. The program showed amazing capability during testing, letting users access more than eighty trading instruments and make swift trades. With 30 technical indicators and 15 drawing tools, the app allows efficient chart analysis right away. 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). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
Can I use someone else’s bank account to deposit to worldtradexFX?
On the downside, fees and commissions tend to be slightly higher than on other platforms. worldtradexFX has earned positive feedback across several review platforms, with a strong reputation for its trading tools, customer service, and overall reliability. On Google, the broker is rated highly by both beginner and experienced traders.