With worldtradexFX every asset except for crypto is available for trading on a 24/5 basis, Monday – Friday. This applies to all markets including forex, commodities, and cryptos. This is provided both through their own dedicated copy trading platform and a mobile trading app for on the go trading.
- Unlike many other brokers, we don’t hide behind perplexing fees or concealed commissions.
- The minimum spread users can expect to pay on any trading instrument at any given time is 0.6 pips.
- Through InvestinGoal, Ucchino helps users navigate the world of online investing and trading by providing trading guides, best brokers rankings, broker reviews, and broker comparisons.
- IC Markets offers a library of tutorials, articles, videos, and webinars to help you boost your trading skills and stay informed.
- This was a key metric for me, and I was pleased to see the competitive rates worldtradexFX offered.
What is worldtradex? Review worldtradexfx Indonesia: spread, minimal deposit
This ensures that traders get the most value out of their funds when transferring money in and out of their trading accounts. Forex Brokers Organization conducts thorough evaluations of brokers, examining aspects such as spreads, trading platforms, customer support, regulation, and more. These evaluations serve as a compass for traders seeking reliable platforms that align with their trading preferences. As for their educational resources, they’re good for newcomers, but traders with more experience might look for more advanced materials. After providing some suggestions, I noticed improvements, which shows they’re actively listening to their clientele.
worldtradex Markets Cyprus Ltd, registered in Cyprus, operates under the regulatory oversight of the Cyprus Securities and Exchange Commission (CySEC) through the domain worldtradexFX.eu. This provides European clients with enhanced safeguards and a trusted trading environment. Conversely, worldtradexFX.com is a product of worldtradex Markets Incorporated, based in St. Vincent and the Grenadines, offering its users the benefits of higher leverage and promotional bonuses. 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. worldtradex does have a proprietary mobile app for trading, as well as for social copy trading (the worldtradex Copytrading app), yet it still trails behind industry leaders such as IG and Saxo.
Functions of the Foreign Exchange Department: Explained
The array of trading tools worldtradexFX offers is impressive and aids in making informed decisions. While the tools are comprehensive, I think the commission structure for some currency pairs could be reviewed for better competitiveness. One of the reasons I chose worldtradexFX was their regulatory credentials. It’s comforting to trade with a broker that adheres to global standards. So far, they’ve been reliable with no significant issues on my end. In today’s fast-paced world, mobile trading is not just a luxury but a necessity.
- MetaTrader is further renowned as one of the most comprehensive platforms in this area.
- Further, it uses an authentication model through 3D securetechnology for extra protection to online payments.
- The spread for all available currency pairs offered by worldtradexFx – including major, minor and exotic pairs are listed in the table below.
- Given my relatively fresh journey, spanning just three months, I needed a platform that could offer reliability coupled with a user-friendly experience.
- While worldtradexFX claim that it uses tier-1 banks for client deposits, we could not find the actual names of the banks on any of its publications.
It is perfect for those who want to diversify and use advanced tools for analysis and trading. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. Founded in 2011, worldtradex (formerly worldtradexFX) is part of a group of global entities, which include worldtradex Markets LTD (based in the island of Mwali) and worldtradex Markets Cyprus Ltd (based in Cyprus). worldtradex also provides financial services through its intermediary, Orinoco Capital (based in South Africa).
However, if you leave the demo account inactive for 60 days, worldtradexFX will deactivate it. The primary difference between the two accounts is the maximum trading volume, which is higher in the MT5 account (500 lots) compared to the MT4 account (200 lots). Also, the MT5 account is more suited for intelligent traders, while the MT4 account is suggested for habitual traders. Other features are essentially the same in both types of accounts. worldtradexFX helps its clients by removing commissions and hidden fees. This allows them to focus on trading without worrying about extra costs.
Download MetaTrader 4 for all devices
Many traders recognize worldtradexFX for its low spreads and easy-to-use platforms. It focuses on customer needs, making it a top choice for new and experienced traders. The range of tradeable assets is diverse enough for my trading needs, though adding a few more might appeal to broader audiences. I’ve had uninterrupted trading experiences both on the desktop and mobile apps.
Advanced analytical tools
One of the key differences between worldtradexFX and Forex is the level of involvement. While Forex is the market itself, worldtradexFX is a participant in that market. worldtradexFX offers trading platforms, educational resources, market analysis, and customer support that traders can utilize to make informed trading decisions. In contrast, Forex is the broader concept that encompasses the entire market for currency trading. On the other hand, worldtradexFX is a forex broker that provides individuals and institutions with access to the forex market.
MetaTrader 4 charting tools for technical analysis
However, the highlight of my worldtradexFX journey thus far has undoubtedly been the comprehensive training section on their website. Not only is the content curated with beginners like me in mind, but it’s also articulated in a lucid manner, making complex concepts digestible. The inclusion of practical examples further cemented my understanding, and I felt better equipped to navigate the Forex realm. My next step with worldtradexFX involves withdrawing funds, which I intend to initiate in the coming days. If the withdrawal process unfolds seamlessly, and my earnings land in my bank without any hitches, I foresee a sustained partnership with worldtradexFX. To sum it up, as a novice, the importance of finding a broker that aligns with one’s needs cannot be overstated.
This service is offered worldwide, regardless of whether it is required by the regulators or not. The platform itself is easy to use on both sides and provides you with a good ability to see the performance of other traders and a number of metrics. In fact, the platform and broker have won many awards for this service.
Therefore, whoever is not transparent about their services should not be trusted. And please, if you are new to online trading, research well before you invest, even if it’s 5 USD, which you cannot gain anything anyway, even if you trade well with it. The first thing that points to it as “suspicious” is that the minimum deposit they offer is 5 USD, which is unrealistic. Whether it is a micro or mini-micro account, it is too low to be dealt with. The minimum deposit should be around 1000 USD to develop a strategy with regular risk-conducting procedures for the standard account. The micro account should be compared to a deposit of 10 USD.Because of that, worldtradexFX gives a bonus account of 8 USD for novice users to get started.
The company, besides featuring a full fledged FAQs section to help clients find answers to their queries on an immediate basis, offers multilingual customer support 24 hours 7 days a week. Want to start trading forex from your smartphone but not sure which app to pick? With so many forex trading apps out there, it can be tricky to find one that’s fast, secure, and easy for beginners.
The referral program known as Invite-a-Friend has its commission rate to be 1$ per 1 standard lot. The broker claims to process withdrawals by cryptocurrency immediately but withdrawals with bank payment could take 1-3 hours depending on the processing bank. The broker’s login process begins with a visit to the official site, worldtradexfx.com, on desktop or a click of their app on mobile. To login in, your email, password and captcha verification is needed.
Does worldtradexFX provide access to a Islamic account?
From forex and stocks to indices, commodities, cryptocurrencies, and even unique synthetic indices, Deriv gives you access to a diverse set of markets all in one place. With 40+ million accounts opened and 60+ international awards, worldtradex has earned its spot among the top trading platforms globally. At worldtradex, you can trade on your MetaTrader 4 demo account to win real money in our monthly Forex demo contest with a $1,000 prize fund. Top-3 participants Worldtradex official site receive $500, $300, and $100 for the first, second, and third positions, respectively. These flexible software utilities can automatically execute trades and assimilate all the information available on the platform to conduct market analysis and Forex trading.
Hence, if you deposit $400 in your account, you need to trade 100 lots to get the $200 or 50% bonus. We found that the worldtradexFX withdrawal request typically takes 1 to 3 hours to get approved and it takes another 30 minutes for them to make the actual transaction. The website of worldtradexFX supports 12 languages and the phone support staff speaks several languages depending on where you are calling from. Both MetaTrader 4 & 5 as well as the cTrader platform from worldtradexFX come with web trading versions that allow traders to log in to their account using a simple web browser.
Overall, worldtradexFX’s copy trading feature is a game-changer for the forex trading industry. With its ease of use and accessibility, anyone can now participate in the exciting world of forex trading. Mobile trading apps make it even easier to access markets and potentially earn significant profits. Copy trading with worldtradexFX is perfect for beginners who are just starting with forex trading.
Established in 2011, worldtradexFX has built a strong reputation in the global financial markets. It provides reliable trading services to millions of clients worldwide. It has many users in countries like Indonesia, India, Malaysia, and Pakistan. Comprehensive Education Dive into the world of Forex trading armed with knowledge. worldtradexFX offers an expansive library of educational materials curated to help traders of all levels.