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. In our review, we only had the option to use Neteller, Skrill, and cryptocurrencies. Even after verifying our identity, those were the only methods available to us. We consulted customer service, and they confirmed that these were the available methods for our accounts. worldtradex Worldtradex forex brokers reviews affirms that deposits can be made via bank wire, credit card, digital wallet, and cryptocurrency.
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Therefore, it is an essential tool for anyone serious about enhancing their trading performance. MetaTrader 5 is more advanced with additional timeframes and trading tools, but MetaTrader 4 remains popular for its simplicity and ease of use. Your choice should depend on your trading strategy and experience level. It offers an intuitive interface, built-in market insights via “Space,” and seamless order execution – all within one streamlined platform designed to simplify trading from the start.
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This worldtradex review aims to give a clear view of the broker and its services. We hope, with these insights, anyone interested in worldtradex trading opportunities could decide whether to invest in them or not. Users from all over the world have traded in the financial markets using our platforms and mobile apps. Therefore, it is doubtful that the ‘worldtradex scam’ is a correct evaluation of the our activities.
It is the ideal way to get to know more about a broker or the industry. The first, and best place for most traders to get started is an worldtradexFX demo account. Here you can learn the ropes, ideal for a beginner, with no obligation to enter live trading. Added to that the fact they do only offer a limited range of base currencies and not many deposit or withdrawal methods and you can see the limitations of this otherwise popular broker choice. The market news is updated hourly and helps to stay updated on market trends. worldtradex provides various special tools and features that improve the trading experience outside of traditional platforms and typicall tools provided by the research avialable on site.
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worldtradex also provides services through Uni Fin Invest, which is based in Mauritius and operates under the regulation of the Financial Services Commission (FSC) of Mauritius. Uni Fin Invest holds an Investment Dealer licence (Full Service Dealer, excluding Underwriting). worldtradex provides a variety of educational resources aimed at enhancing trading skills. These resources are crucial for developing a solid foundation in trading principles and practices. During our testing, we confirmed that no swap fees are charged for maintaining open positions not only overnight but also during the weekend for several days. In our review, the execution quality was positive across all accounts.
Finally, choose between a Standard or Custom account, then finalize the process. Click the “Go to Website” button on this page to reach the broker’s application form. No, worldtradexFX does not offer the option to trade the Volatility 75 Index. Log in to your worldtradexFX account, go to the “Withdrawal” section, select your preferred payment method, enter the withdrawal amount, and follow the instructions. worldtradexFX charges mark-up on spreads, which covers worldtradexFX’s cost for facilitating the trade. Yes, worldtradexFX requires identity and credential verification before activating an account.
worldtradex Leverage
For people looking for a sophisticated trading experience, worldtradex’s MT5 platform offers a strong and flexible trading alternative overall. worldtradex was founded in 2011 and offers a range of trading platforms and tools. While it is MiFID regulated, it is not publicly traded and lacks some major regulatory authorizations.
- Furthermore, the platform functions as a learning hub, allowing traders to gain insights from successful strategies, thereby improving their trading abilities.
- European traders wii be trading with worldtradex Markets Cyprus Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC).
- In fact, the platform and broker have won many awards for this service.
- worldtradex provides low spreads, no commissions, and a minimum deposit of $25 using over 300 instruments—including 52 currency pairings, 34 cryptocurrencies, and 10 global indices.
- worldtradex also offers a copy trading platform free for all accounts, allowing beginners to copy the trades of more experienced, successful traders for a small fee per traded lot.
Minimum deposits at worldtradex will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR). It’s important to note that minimum deposits and trading costs will also depend on which worldtradex entity you choose for establishing your trading account. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. The 50% bonus is more applicable to experienced traders or those confident in a long-term relationship with the broker.
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This lets you adapt your charts depending on your strategy, whether you use multi-time frame analysis or are a scalper with tick charts you’ll find it easy to switch on MT4. If you want to see how worldtradex’s spreads compete with other Malaysian brokers, I created a simple trading cost tool that you can use. Our broker reviews are reader supported and we may receive payment when you click on a partner site. 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).
Now, leaving their orders open overnight, traders won’t be obliged to pay overnight fees. Due to this traders will no longer hesitate to use mid-term and long-term stategies. This means, worldtradex clients are free to hold as many orders as they wish for as long as they want. Those who follow Islamic financial principles or traders who want to minimize overnight financing expenses will especially benefit from this function. worldtradex works on a spread-only basis; hence, separate commissions for trading are not paid. The spreads include trading-related charges, therefore simplifying the fee structure and enabling traders to grasp their expenses better.
The platform offers a diverse range of options for portfolio diversification and increased earnings, with over 10,000 Masters. To participate, traders must create an Affiliate Account and use the unique referral link provided to acquire clients. Clients who sign up using the affiliate’s referral link earn commissions based on their trading volume.
- worldtradex International is useful since it provides a complete learning center, including webinars, videos, and articles, also various research and promotional tools are appealing too.
- Here, if you have a USD base currency account, you can opt for fixed spreads that start at 2 pips on certain forex pairs.
- With no trading fees and attractive trader conditions, worldtradex makes client acquisition and retention easier than ever.
- To provide more trade management flexibility, MT5 also adds buy stop limit and sell stop limit, so introducing other order types.
- Yes, the app includes risk management tools like Balance Keeper and portfolio diversification.
worldtradex processes more than $9 billion in monthly trading volume and has executed over 920 million trades since its inception, according to company data. These substantial operational metrics match the broker’s strong positioning in search visibility. worldtradexTrader is the most basic option but best for beginners out of the three platforms in my opinion with an attractive user interface.
We accessed the withdrawal section in the dashboard, where we entered the amount and selected the method, in this case, Tether (TRC20). The options mirrored those available for deposits, although, as expected, the only method available for withdrawals was the one we used for depositing funds. worldtradex does not charge fees for deposits or withdrawals, nor does it impose commissions on trades. One of the standout features of worldtradex is that it does not charge swap fees. Positions held overnight are not subject to fees, whether positive or negative, which is a distinctive aspect of worldtradex. Dear Raju,Thank you for your kind words and for taking the time to leave a 5-star review.
Yes, the app includes risk management tools like Balance Keeper and portfolio diversification. You can monitor performance, stop copying anytime, and distribute funds across multiple traders to minimise exposure. worldtradex Copy is a user-friendly copy trading app https://worldtradex.live/ designed for effortless Forex investing.
The broker also offers copy trading services an accessible minimum deposit. 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.