worldtradex has proven itself as a reliable and secure platform for both new and experienced traders. 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This platform is the most widely used platform by traders and the most offered platform by brokers, many consider MetaTrader 4 to be the ‘gold’ standard when it comes to platforms. While you can find platforms with more indicators, more charts, faster speed, as a whole, MetaTrader 4 offers one of the most complete packages because it does everything really well. MetaTrader 4’s reputation and reliability make it a sound choice for all traders. These are the 5 key tools that the broker and trading platforms have in place to assist you in terms of risk management. Effective risk management plays a very important role in trading with any broker.
The nature of the surcharge varies depending on the specific account type and pricing structure. It might manifest as a mark-up on the spread or as a transaction commission fee. worldtradex’s approach to Islamic accounts involves adjusting spreads or commissions instead of involving interest.
worldtradex Minimum Deposit and Withdrawal
The worldtradex Plus Exclusive Trading Signals service is free for Live Accounts, or available courtesy of a complementary 14-day trial. Trading signals can be used in isolation or as a complement to nearly any strategy. Due to their inherent value, legions of forex, futures and equities traders frequently incorporate trading signals into their financial game plans. Just make sure you understand the risks and that results cannot be guaranteed. worldtradex offers reliable customer support, available 24 hours a day, 5 days a week.
On the more traditional trading side, worldtradex allows both scalping, and hedging, and of course, you can open a spread betting account if you are trading under the UK entity of the company. This is the same as 0.01 standard lots and effectively has a cash value of $1000. With that in mind then, this is the lowest trade size you can open, though this amount can be further reduced significantly if you are taking advantage of the worldtradex leverage on offer. Crypto trading at worldtradex is also available with 7 crypto assets up for trading.
worldtradex Downloadable Tools
- Whether traders are just beginning their journey in the forex world or are seasoned professionals, worldtradex provides an optimal trading environment that supports efficient and effective trading activities.
- That is to say; clients can trade forex, stocks, commodities, indices, and crypto all in the form of CFDs.
- The platform is designed for informed traders who understand the risks of leveraged trading.
- This pricing structure is ideal for professional traders who frequently engage in large volume trades and require minimal spreads to optimize their trading strategies.
- Within this particular account framework provided by the broker, traders gain access to various markets, encompassing cryptocurrencies, currencies, commodities, and indices.
Our partners cannot influence our reviews, nor can they pay us to bias our rankings. I do note, however, that I had to enable hedging before I could make use of this strategy, though I did this easily by accessing my account settings. To prevent this from happening, you either have to place a new trade, maintain an existing trade or Worldtradex official site close your account. worldtradex has strong regulatory credentials with oversight from several respected financial watchdogs. worldtradex has a trust score of 78, from its regulation, reputation, and reviews.
Prohibited Countries: Where Can I Not Trade with this Broker?
Forex Capital Markets (worldtradex) is an award-winning and leading provider of online foreign exchange (FX) trading, stocks, CFD trading, Cryptos, and related services worldwide. The broker was founded in 1999 with a mission to provide access to the financial markets via innovative tools and superior trading conditions. I think they have certainly achieved that as is evident by the fact they have been recognised with excellence awards multiple times. The awards are in several areas which include platform, customer support and market analysis. They are a global trading broker with offices in London, Johannesburg, Hong Kong, Athens, Paris, Sydney, Berlin and Milan.
Account funding at worldtradex
- worldtradex offers a wide range of instruments, including forex pairs, indices, commodities, stocks, and cryptocurrencies.
- These charges are set according to the cost of transferring funds, and the broker is transparent about them with customers.
- worldtradex Group is a global leading provider of online Forex, CFD and other trading related services.
- worldtradex is committed to providing an extensive range of educational resources designed to enhance the trading knowledge and skills of its clients.
- The broker does not impose charges for deposits and most withdrawal methods, which can significantly reduce the overall trading costs for clients.
These languages include English, French, Spanish, and Arabic with an excellent support also in place for a variety of Asian languages including Chinese, Indonesian, and Vietnamese. You will also have access to the latest news, research, and an economic calendar right there in the trading platform. MT4 with worldtradex is available on mobile and smart devices as well as on desktop, though the webtrader is not provided. The platform will run on Android or iOS devices while the desktop variant works with Windows or Mac.
For example, if a trader reaches a notional volume of $400 million in EUR/USD, they will be classified as Tier 5 and receive a rebate of $25 per million, for a total of $10,000. However, Malaysians are not subject to these when they withdraw using local bank transfers. The EUR/USD average spread starts from 0.2 pips on the Active Trader and 1 pip on the CFD Trading Account. Automation and direct access to trading analytics, news updates, and an economic calendar improve the user experience. Upon attaining professional status, traders must be aware that the same trader protections granted to ordinary traders do not apply to them. This offering exemplifies worldtradex’s unwavering dedication to providing the highest level of service.
Java API, a wrapper SDK of FIX API, provides clients with a fully functioning programmable API into the worldtradex trading platform. It is scalable, light and robust and is compatible on any Java-compliant operating system. worldtradex offers 24/5 award-winning customer services with customer support contactable via live chat, email, phone and even SMS text message. If you wish to call worldtradex, there are 42 country-based numbers one can call from.
worldtradex does trail industry leaders when it comes to market access, but it remains a strong contender for both beginners and experienced traders. worldtradex is committed to providing an extensive range of educational resources designed to enhance the trading knowledge and skills of its clients. These materials cater to traders at all levels of expertise, from novices to experienced professionals, making it a valuable resource for anyone looking to improve their trading proficiency. While the current educational offerings are informative and broadly accessible, there is potential for worldtradex to further enhance its educational hub. Adding more interactive resources such as quizzes, in-depth courses, and practical trading simulations could provide a more engaging and thorough learning experience for users. This would not only help traders to test their knowledge but also ensure they can apply what they’ve learned effectively in their trading activities.
Also, you only need the most basic of details including your name, email, country, and a mobile number in order to open an worldtradex demo account, the process could not be easier. Here is a closer look at exactly what the broker makes available in this respect. Added to this, worldtradex also provides for additional insurance which will protect you in the event of bankruptcy and insolvency.
Traders can reach the support team via multiple channels, including live chat, phone, and email. worldtradex’s customer service is known for being responsive and helpful, assisting traders with account-related inquiries, platform guidance, and technical support. Additionally, the broker provides a comprehensive FAQ section on its website, offering solutions to common issues.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. Our review shows that it is a publicly traded company authorized by major regulatory bodies including ASIC in Australia, MiFID in Europe, and FCA in the UK.
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