Secure SSL encryption helps make your information confidential and inaccessible to third parties. 3-D Secure technology adds an authentication step for protecting your online VISA/Mastercard payments. WorldtradexFX offer a great choice of platforms for convenient access to the markets on all of your devices. You can choose from the MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader platforms. These are amongst the best trading platforms available for online trading that you will find anywhere. I think they are ideal for anyone who is looking to trade manually or run automated systems.
What is the minimum deposit for Worldtradex?
Here the broker makes a special fixed exchange rate of 1 USD to 10,000 IDR available that can help traders combat currency volatility. The deposit methods available to you when trading with WorldtradexFX will depend on where you live, but wire transfers, major credit/debit cards, and eWallets such as Skrill are typically available worldwide. This account type is a great starter account, though at the moment is not available to EU traders. WorldtradexFX offers a great demo account that is easy to sign up for, just needing the most basic of your personal information and an email address.
This profile aggregates professional traders’ performance, displaying it to the public and letting them promote it. As WorldtradexFX is a CFD broker, you will be trading on margin and using leverage. This will mean that although your gains will be higher, unfortunately your losses will be too, due to the leverage. The broker is required to contribute towards a shared investor protection fund.
“Trustworthy service”
The service provides tutorials, which explain how this is done and primes traders to run a cBot and use the free algorithms made available to them. 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.
The firm has a strong foothold in the Asian market through its offering an outstanding trade execution service that appeals to traders from all corners of the world. The broker offers excellent deposit and withdrawal speeds that are fulfilled within the same business day during the week. This allows you to start trading faster with instant deposits and receive your funds faster through the same-day withdrawals. Worldtradex scored highly in my trust test with 12 years of industry experience and licences from CySEC, MSC, and MISA delivers a secure and transparent forex broker. I think the broker’s trust is supported by its 60+ awards from the forex industry and 8,000+ positive TrustPilot reviews demonstrating that its clients are happy with its operations. I found all platforms Worldtradex offers provide mobile trading apps on your iOS or Android device, which can be downloaded directly from the broker’s website.
Other Products and Services at WorldtradexFx
There is no commission charged on both deposits and withdrawals, MT4 and MT5 commission is Worldtradex review included in spreads as mark-up, and no additional fee is applied. Opening an account with Worldtradex is done online with a few simple steps which enable you to set up a real or demo account. The process also gives you plenty of information about trading in forex markets.
CTrader platforms are more suited to the ECN platform, which basically lowers spreads to almost 0, not including the commission rate per trade. I and quite impressed with the economic calendar offered by WorldtradexFX. The calendar shows upcoming events like interest rate decisions and retail sales reports, all with the potential to move the markets. For example, I can see that the RBA (Reserve Bank of Australia) is making an interest rate decision today.
Fast withdraw
Their economic calendar is a valuable tool that can help you stay informed about the markets. The broker also offers wonderful features that are unique to the company alone. In addition to keeping the client’s investments safe and separate from its capital, the broker ensures maximum transparency. However, the company’s offshore entity is not regulated by a tier 1 regulatory body, which offers a less sense of security. The video course provides a sound introduction to forex and forex trading, helping beginner traders to grasp things quickly. While the free webinars allows clients to learn from veteran traders one-on-one, at a scheduled time.
Educational Offerings of WorldtradexFX 📚
Overall, the broker has plenty of tools for everyone to see some benefit. The trading calculator will quickly calculate the costs for opening a position of a specific size and leverage. This can help to prepare trades if you are in a rush or just not that good at maths. My experience has been awesome I mean, I haven’t had any money issue so it’s a great time trading with Worldtradex. The platform is so easy to use and it’s a legit brand so definitely there is nothing I wouldn’t like but one specific would be the copy trading platform which makes trading a lot easier. For real, everything is smooth, no cheting with fees, only proper execution.
What Leverage Does Worldtradex Offer?
- In addition to traditional platforms, I did find that copy trading is available through the Worldtradex Copy platform giving you an alternative approach to leveraged products like forex and gold.
- Worldtradex offers trading accounts denominated exclusively in US Dollars (USD).
- When it comes to regulations, WorldtradexFX is regulated by CySEC under #372/18, and by the regulatory body of Saint Vincent and the Grenadines under #19776.
- At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying.
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. 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.
- The app has been downloaded more than 5 million times, with a 4.5 star rating out of 5, which is impressive indeed.
- Higher account statuses (Silver, Gold, Platinum) help you earn prize lots faster.
- We do not provide financial advice, offer or make solicitation of any investments.
- In line with the desktop version, the Worldtradex trading app is execution-focused.
- I did find that you can only access all 52 pairs using the MetaTrader 5 platform, while the WorldtradexTrader and MT4 only offer 32 pairs.
In this course, I had access to 11 video lessons that lasted roughly 5-10 minutes but went into detail about how to trade forex. This is an impressive feature if you’re new to trading due to the constant flow of trading ideas with detailed market commentary that will help you learn in real time. Plus, you can fine-tune the Space by choosing specific instruments only to receive these ideas from – in my instance, I chose USD/JPY, gold, and EUR/USD.
The account you go for may also depend on the trading platforms that you wish to use, instruments you want to trade and minimum deposit requirements. The Worldtradex mobile app can be downloaded and quickly recognizes and retrieves data after entering the username, requiring no further action. From the Worldtradex app, users can open positions in the Worldtradex account as well as in MT4 and MT5, which can also be done using those specific applications.
The broker’s range of forex trading products is limited to MT4, MT5, and WorldtradexTrader but still provides a service to every trading style thanks to the MetaTrader options. I was surprised most by the WorldtradexTrader which is limited in comparison to MetaTrader but offered a unique technical analysis service which impressed me with the expertise of the analysis. The copy trading platform is also a bonus, which is the perfect opportunity to mirror the trades of 1,500 traders and leverage their experience to profit from leveraged markets.
This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. https://worldtradex.live/ We have over 20 years of experience when it comes to trading online so we know what to look for. Islamic swap free accounts that comply with Sharia law are available.