worldtradex Review 2024 Key Features, Pros, and Cons
Based on its rating for education and beginners, it provides an average educational experience. worldtradex regularly organizes trading contests and competitions with lucrative prizes, including cash rewards, luxury trips, and high-end gadgets. These contests are open to traders of all experience levels and provide a fun and competitive way to showcase trading skills. Participants can join these events and compete for top spots, earning valuable rewards along the way. Yes, you can trade shares of different companies using the worldtradex trading platforms. We will also guide you about how to set up the trading platforms of Iron FX.
In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s operating history, company size, and information transparency. In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. Our editors independently research and recommend the best products and services. You can learn more about ourindependent review processand partners in ouradvertiser disclosure. worldtradex holds a «Trusted» rating with a trust score of 83 according to ForexBrokers.com, indicating a reliable level of trustworthiness in the industry.
Fees and Commissions
Whether it is about the speed of execution of the order to the safety of the transaction after it. All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website.
Signal followers can quickly and easily assess the performance of various trading strategies based on various parameters, including their average return, maximum risk, longevity, and more. I have compiled the table below to help you better understand the difference between the trading fees with worldtradex’s No Commission account type and the industry average. It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large. worldtradex offers 83 forex pairs and 340 tradeable symbols, providing a decent range of trading options. However, its total tradeable symbols are far below the industry average of 3,623. worldtradex’s glossary of trading terms is an essential resource for new traders who need to familiarize themselves with industry jargon.
worldtradex Trading Fees
Expert Advisors (EAs) are supported on the MetaTrader 4 platform, so automated trading is possible. With that said, the brokerage does have plans to introduce MT5 in the future. For any withdrawal problems, contact customer support on one of the channels described further below. Payments typically take up to 24 hours, though wire transfers may take up to five business days. Traders can use the free MT4 download to install the platform on desktop devices, including Mac.
With access to over 500 instruments, worldtradex ensures that traders have numerous options to explore and capitalize on market opportunities. worldtradex recently strengthened its educational tools by Worldtradex review introducing the Academy. Home to a breadth of content presented in courses, webinars, videos, podcasts and eBooks, it offers a complete trading experience for traders of all levels. The worldtradex trading platforms are designed to facilitate a practical, powerful and efficient trading experience.
- Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.
- Please note, some markets may only be available via CFDs or other derivatives.
- worldtradex also offers the Cent account with which clients can start with fewer funds and smaller lot sizes.
- Compare the markets and instruments offered by worldtradex and its competitors.
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worldtradex provides free Virtual Private Server (VPS) hosting, helping traders achieve ultra-fast order execution speeds and diminish the risk of negative slippage. Another perk for scalpers is the one-click trading feature available on MT4. However, the platform has cumbersome charts and lacks a timeframe lower than 1 minute. worldtradex provides access to the widely popular MetaTrader 4 platform and offers free Virtual Private Server (VPS) hosting for low-latency trading. The broker stands out with its extensive educational and research content, developed both in-house and sourced from the renowned Trading Central. This article is going to enlighten you about all the aspects of the worldtradex trading terminal and web trading platforms.
Top10stockbroker.com & Indianfranchisereview.com are websites under Medmonx Enterprises Private Limited. We are certified stock broker review & comparison website working with multiple partners. There are multiple options and you can thus diversify your portfolio pretty well too.
Welcome bonuses are available at worldtradex when you register for a new account. However, they do change over time and vary between countries, so check the current offers available when you sign up. Finally, check any minimum deposit bonus terms and conditions when you register for an account as they are subject to change.
worldtradex Account Types
- MT4 promises advanced charts with nine timeframes, over 30 built-in technical indicators, real-time news, plus automated trading capabilities.
- Trading cryptocurrency CFDs allows traders to speculate on price movements without owning the actual coins.
- Trading according to the market analysis has really helped me increase my profit, for sure worldtradex is really the main deal!!
- The portal would benefit from more advanced topics but the narrow focus on newer traders makes sense as a marketing tool.
With over a decade of industry experience and more than 1.5 million clients globally, worldtradex is a well-established broker. It offers a range of safety features, including negative balance protection to shield traders from losses exceeding their deposits. Additionally, the platform employs SSL encryption to secure all transactions and customer data, further enhancing the overall security of trading with worldtradex. Minimum EUR/USD spread is listed at 0.7 pips while average spread is listed at 1.2 pips. These numbers may be deceiving, given the broad variety of accounts, fees, and routing choices. Spreads drop significantly on major Forex pairs between Micro and VIP tiers but minor pairs show no variation.
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Compared to the industry average, worldtradex offers an average number of share CFDs and commodities and a high number of currency pairs, and indices. In my opinion, MT4 is best suited for automated trading via Expert Advisors (EAs). The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak the parameters of their strategies so that they can be used under different market conditions.
worldtradex Demo Account
worldtradex offers daily market news and analysis to keep traders informed about the latest developments in the financial markets. The broker’s team of analysts provides expert commentary on currency movements, economic data releases, and geopolitical events. This information helps traders stay ahead of the curve and make well-informed trading decisions. Here is my opinion about trading conditions of this broker and how they correspond to my trading.Company provides quite favorable spreads. And thirdly, broker provides a wide range of financial instruments, including currency pairs.
What is the minimum deposit for worldtradex?
worldtradex does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea. However, I also spotted that the broker’s website does not display live spread data. Overall, I concluded that worldtradex is an excellent choice for day traders, copy traders, and algorithmic traders. Inexplicably, the daily web-based «Market Insights» column was not reproduced on the research app. Unfortunately, that’s the only research product available at the site, other than a single «Week Ahead» video and no video archive. A YouTube search uncovered additional videos that haven’t been integrated into the site but the most recent content was more than two months old.
