Also, this type of trading allows an indices trader to use leverage, increasing potential profits. A market index is a score that measures the performance of a group of assets. Major stock indices track a basket of the most important stocks on a certain stock exchange. For example, the NASDAQ 100, one of the leading US indices, consists of 100 stocks traded on the Nasdaq stock exchange. There are 12 extensive educational articles covering the forex basics but what stood out for me was the free forex trading course.
On desktop, simply right-click on the list of symbols and select the Show All option. On mobile, press the + button on the first tab from the left and select all cryptocurrencies you would like to add to your instruments list. These two minor points do not detract from the trading experience, and worldtradex can be congratulated for so effectively shaking up the broker space. Account opening is very much a standard process these days, but worldtradex does offer a particularly neat twist to the situation. The broker takes advantage of some of its clients being domiciled in regions that still permit promotions, and those clients can benefit from a range of offers. There is no extra verification required, and once a client’s separate wallet is set up, it’s easy to hook up to the signals of other traders.
- Both MetaTrader MT4 and MT5 stand out for the charting tools they offer.
- worldtradexFX offers several intuitive platforms designed for optimal trading flexibility and efficiency, enabling you to execute trades seamlessly across various financial instruments.
- The number of instruments on offer is relatively limited, and areas of the site could do with being more transparent as it can be hard to pin down certain facts.
Additionally, you have excellent drawing tools for price action analysis like Fibonacci or Gann tools which I couldn’t find on the worldtradexTrader platform. The CompareForexBrokers team created a trading platform selector so you can work out what trading software best matches your trading needs. I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform.
The trading interface of the mobile app is quite basic, yet it is functional. Its only limitation to client is its small screen resolution, hence, making deep technical analysis somewhat difficult. However, on a review that an account has been inactive for long it gets deactivated. Various account types on the 3 platforms have different deactivation dates as stated below. This broker charges no fees on currency conversion during deposits and withdrawals. However, with deposits in currencies other than the USD, the payment provider on conversion of the funds to dollars using their internal exchange rate may charge additional fees.
There are a lot of additional services to complement the trading interface. The research and learning sections, for example, are of a very high standard and the in-house copy trading service is a neat addition. But the core of the worldtradex offering is the provision of convenient, efficient, cost-effective access to the markets.
The table belowprovides a general idea of the spreads typically seen across worldtradexFX’splatforms. This account is meant for those with a goodunderstanding of Forex and a willingness to invest for larger profits. Thisaccount offers the lowest spreads which allow for the maximum length of tradeoptions. The provision of segregated accounts is one of the key features that bolster the safety of your funds at worldtradexFX. By maintaining your capital in separate accounts, worldtradexFX ensures that there is less risk of mishandling. Compliance with regulations is crucial for any trading platform, including worldtradexFX.
MT4 Account
Here, if you have a USD base currency account, you can opt for fixed spreads that start at 2 pips on certain forex pairs. The worldtradexFX MT5 pro account is one which they recommend for the more experienced traders. With that said, the minimum deposit here is still low enough for all types of trader to get involved. This is $50 minimum deposit within the EU with the account being available worldwide.
worldtradexFX 50% deposit bonus
Market volatility presents several attractive profit-making opportunities when you use Forex robots, as they provide greater accuracy and speed in trading. EAs are programmed to monitor fluctuations in various currencies and automatically enter and exit market orders with trading logic used in the trading system. worldtradexFX is also available on mobile and has dedicatedapps for both iOS and Android.
- On desktop, simply right-click on the list of symbols and select the Show All option.
- To get started with worldtradexFX, you should be aware of the minimum deposit requirements, which vary depending on the account type you choose.
- The referral program known as Invite-a-Friend has its commission rate to be 1$ per 1 standard lot.
- Compliance with regulations is crucial for any trading platform, including worldtradexFX.
MetaTrader 4 charting tools for technical analysis
This app allows users to enjoy a smooth trading experience and keep track of executed orders from anywhere. The MT5 account, also called innovative account, is an account type for clients with trading expertise. Its trading instruments are inclusive of forex, commodities, indices, cryptocurrencies and stocks. Through the mobile app, clients can access multiple financial markets. CFDs on currency pairs, equities, indices, commodities, etc., on the go. Most of the trading tools and indicators offered via the desktop version are readily available on the mobile trading app.
During our own testing, we found the average ‘first response’ time to be greater than the seven seconds claimed on the firm’s site. In fact, in only a handful of instances did the response time beat the seven second figure. In over 96% of cases, our queries were processed to the point of satisfaction on the first interaction. We would also support the site’s claim that full resolution was achieved within three minutes.
Trading Conditions
This section of the site is well supported by the Customer Services and the Education sections of the site. There is also a dedicated VPS (Virtual Private Server) for ‘algo’ traders. worldtradex is as confident about its financing costs as it is its execution fees. The breakdown across the two different types of accounts is laid out in a reassuringly transparent manner. worldtradex Markets Cyprus Ltd is an investment firm registered in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC) using the domain worldtradexFX.eu.
However, worldtradex has e-wallet options through Neteller and Skrill were also a positive as they also provide instant funding like the Mastercard option. If you’re unsure which platform is for you, I’ve created this 5-step questionnaire that will match your answers to help find the best forex trading platform for your trading style. Amongst the new features and platform improvements, you can still automate your trades with MetaTrader 5 and Expert Advisors. If you are interested in automating share CFDs, MT5 is the only platform on worldtradex to provide this. I was curious to know why they offer this as other brokers are not so generous when it comes to absorbing the swap costs.
According to a member on Reddit, worldtradexFX occupies the security commission’s list of platforms to avoid. However, some users have appraised the company, claiming they had good trading experience and fast withdrawal. Opening a MetaTrader 4 demo account is the best way for a Worldtradex scam new trader to check out the platform, get familiar with the tools, and learn trading techniques. The account works like a real account, except it allows you to trade with virtual funds rather than real money. Experienced traders often use MetaTrader 4 demo accounts to test new trading strategies before using them in real trading. The number of markets is also different across the platforms, but none of them offers a range of instruments that could in any way be called excessive.
Swap-Free Account Fees
Although worldtradexFx is regulated by just 2 regulatory bodies, it does business in multiple jurisdictions worldwide. It prioritizes its clients’ account safety by keeping clients’ funds in segregated bank accounts. worldtradexFx employs state-of-the-art technology and advanced security protocols, which includes SSL web encryption and two-step authentication to protect clients’ confidential data.
Clients can opt to trade using ECN portals, which take the quality of execution up a level. The choice of trading platforms means users can select the best fit for them. worldtradex trading app is quick, offering low spreads, fast withdrawals, and a 0% commission. A clear and user-friendly interface is perfect for every trader who values comfort. Also, worldtradex has one of the best no-slippage levels in the market – 97.5% of the executed orders. I like that worldtradex provides a variety of trading platforms that all trading styles can use, making the broker a versatile option to benefit from the lower trading costs.
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