Additionally, worldtradexFX offers commission-free trading via MT5 for a diverse selection of CFDs such as forex pairs, commodities, stocks from global markets, index funds, and cryptocurrencies. worldtradexFX will appeal to traders who prefer the MetaTrader 4 and 5 platforms. worldtradexFX is an excellent choice for scalping, hedging, and automated trading. Furthermore, it provides competitive trading with spreads beginning at 0.6 pips.
The broker provides traders with a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform. This high leverage could result in substantial profits for traders. Numerous account types are available to traders, including demo and Islamic accounts. The demo account allows novices to practice trading strategies without risking real funds. This broker has many qualities suited to beginners but can also cater to experienced traders with the advanced features of MetaTrader.
They also cover the deposit and withdrawal fees that third parties (like Skrill, Neteller and others) may apply. However, with deposits using bank cards, your card issuer may charge some fee for processing the transactions. worldtradex affirms that deposits can be made via bank wire, credit card, digital wallet, and cryptocurrency. The available methods vary depending on the client’s residence and may include local bank transfers.
worldtradexFX Basic Order Types
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- Research tools provided by worldtradexFX include a well-detailed economic calendar which keeps you updated with all significant economic events and how they may impact you.
- It is also highly customisable and can be adjusted to cater to suit the needs of different traders.
- Within Europe, the minimum deposit on the available account types of MT5 Pro is $50.
- The program showed amazing capability during testing, letting users access more than eighty trading instruments and make swift trades.
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. Dear Chiyawe Macedwin Odum,We greatly appreciate your generous feedback and are delighted to hear that you find our interface user-friendly and have enjoyed exploring features like worldtradex Space. It’s wonderful to know that you’re having a smooth experience on our platform—comments like yours inspire us to keep improving! Also, we warmly invite you to explore our Invite a Friend program, where you can earn commissions for every lot your friends trade.
The floating spreads can start from 0 pips depending on your account type. The only exceptions here may be in the case of your deposit not matching the base currency on your account, you would then have to pay a conversion fee. Your bank may also charge you a commission or fee on wire transfers, though there is no fee directly from the broker. The account base currency is that which you trade in with the broker.
The copytrading app lets you conveniently copy signals from hundreds of other traders. The app interface is very user friendly making it easy to find signal providers to follow based on your customised filters. There are master accounts Worldtradex review for traders who want to offer their strategies as signals or for followers who wish to copy signals. This can be a good solution for those of you who don’t have the time or knowledge to trade manually. However, there can be no guarantee on how good or bad the signals will perform.
worldtradexFX is a global forex and CFD broker that has garnered attention for its accessibility, comprehensive trading tools, and reliable customer service. Whether you’re a beginner trader or an experienced one, worldtradexFX offers a range of options tailored to meet your needs. This review will dive into the key features, regulations, trading instruments, platforms, mobile app, account types, commissions, customer support, education, reputation, and bonuses.
worldtradexFX Broker support and customer services
worldtradex has also gone above and beyond with its education materials which include live webinars and carefully crafted courses. Customer service is highly responsive, with one drawback being that there is no phone support. worldtradex also made a significant step forward since my last review by adding 150 CFDs on shares from 16 global stock exchanges. Daily and weekly forecasts in the Market Insights section preview the key economic data ahead and highlight the major market movers. The reports cover significant support and resistance levels and technical signals from indicators such as MACD and Parabolic SAR. The research section also includes specific trading ideas, target prices, and key price levels to watch.
This is $50 minimum deposit within the EU with the account being available worldwide. As for education, I thought worldtradex did a good job at presenting the basic concepts of forex trading through an online video course. I liked the daily webinars with professional traders that let you learn while trading in a live environment to experience how traders analyse the markets in real time. 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. As you can see from the above table all the accounts offer the same regarding trading costs, the only difference is the trading platform.
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Furthermore, your funds will always be held in segregated accounts with top-tier banks when you trade with worldtradexFX. This means that no matter the financial situation of the broker, your funds will always be safe. With worldtradexFX another of the measures in place to keep you safe as a trader is negative balance protection. This means that you can never lose more money than the balance of your account. This service is offered worldwide, regardless of whether it is required by the regulators or not.
Forex Fees
It offers advanced charting tools, abundant technical analysis indicators, and the ability to automate trades. worldtradexFX offers a demo account for the Malaysian trading community that simulates a real trading environment. This platform provides a realistic environment for traders, reflecting real-time market nuances. In contrast, the Islamic account is designed for traders who adhere to Sharia law and do not wish to earn or pay interest on trades. Multiple trading platforms, including MT4, MT5, worldtradexFX, and CopyTrade, are supported by worldtradexFX.
- The worldtradexFX Trading App is an official checking trading account with built-in tools to help you manage your worldtradexFX personal profiles, control real, demo and contest accounts, and manage deposits.
- For example, if the bonus totals USD 400, the client must trade 200 lots to be able to withdraw it.
- After selecting this option, we entered the amount, wallet address, and a security PIN (sent via email during the account setup with worldtradex).
- Yes, worldtradexFX frequently provides additional bonuses or higher commission rates to top-performing affiliates.
worldtradexFX provides Malaysian traders with a risk-free environment to practice and refine their trading strategies through a demo trading competition. This platform enables traders to participate without incurring financial risk, making it an ideal opportunity to develop their skills. worldtradexFX’s commission structure is designed to cater to various types of traders. While standard accounts incur no commission fees, ECN and VIP accounts do have commissions. The fees vary depending on the type of account, but they are considered competitive in the industry. The worldtradexFX mobile app is available for both iOS and Android devices.