One of these platforms’ biggest advantages are their support for automated trading via Expert Advisors (EAs), which have long been favored by algorithmic traders and which we feel are yet to be surpassed. On the downside, worldtradex supports accounts in just a few currencies (USD, EUR, GBP), with USD only for wire transfers. As a comparison, Fusion Markets offers 10 deposit currencies, which can help prevent the need for often costly conversions. worldtradex offers a decent selection of payment methods including standard card and wire transfers as well as crypto and e-wallet solutions.
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Holding over 16 years of experience in global financial markets, and 4 B.A. Level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using… worldtradex offers a comprehensive range of tradable instruments, including major and minor currency pairs, commodities, indices, and metals.
Its competitive spreads, no trading commissions, and lack of a minimum deposit make it accessible to both beginner and professional traders. With a focus on forex and CFDs, worldtradex provides a range of tradable instruments, though the absence of stock trading may be a limitation for some. In the vast landscape of forex brokers, worldtradex has established itself as a prominent player, known for its commitment to transparency, advanced technology, and a client-centric approach.
“Instant executions”
- worldtradex places a strong emphasis on technological advancements to provide traders with efficient and speedy trade executions.
- We have not experienced any security concerns during our many hours using the trading platform.
- These mobile applications allow traders to connect to their worldtradex’s trading accounts, analyze charts, manage trades, and apply technical indicators — all from smartphones or tablets.
- The company is comprised of a dedicated team of professionals with extensive experience in the financial industry.
MQL4 allows you to create your own EA (Expert Advisor) and automate your trading based on your own programmed strategy. Using MQL4 you can build-up your own library of custom indicators, scripts and function database. worldtradex holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC). It also operates an unregulated but duly registered subsidiary in Vanuatu, where most international clients trade.
- worldtradex shows clients how to obtain the most up-to-date rates, a step many brokers omit.
- Supports guided me throughout the opening account process at first, and generally trading here for a scalper is cloud nine.
- This customer-centric approach makes worldtradex a solid choice for traders who prioritize responsive and professional support.
- The most notable is its ECN XL account, which provides spreads starting from 0 with no trading commission, a rarity in the industry.
- worldtradex does slightly better with its educational content, which includes some basic e-books, articles, and a glossary of key terms.
worldtradex Alternative Brokers & Comparisons
I only really missed having PayPal available since this industry leader is one of the most widely used e-wallets and is accepted by rivals, including XTB and IG. That said, this broker does implement negative balance protection across both EU and offshore entities, unlike alternatives such as Fusion Markets. Looking at the negatives, the coverage outside Europe, while fairly industry standard is disappointing, with the global entity registered in Nevis as an International Business Corporation (license number C55272).
Demo Account
worldtradex is a low-cost brokerage with no commissions and spreads that are generally competitive, especially on currency pairs. worldtradex enhances the mobile trading experience by offering the MT4 and MT5 applications, compatible with iPhone, iPad, and Android devices, ideally suited for day traders. However, they are still powerful platforms that will provide everything needed for experienced traders to conduct technical analysis while also being intuitive enough for beginners to pick up easily. The 70+ currency pairs provide a wider range than many competitors. However, some FX specialists like Forex.com offer thousands of additional instruments, so it’s disappointing to find just 27 non-forex assets on the worldtradex platform.
Range of Tradable Instruments
Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.
First Deposit Bonus
worldtradex does slightly better with its educational content, which includes some basic e-books, articles, and a glossary of key terms. It was simple to complete the demo registration process within the client portal with the benefit of not having to complete any identity verification requirements. This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage. That said, the bonus could not be withdrawn, and if your account balance reaches below 50% of the available bonus credit, the amount will be removed. This is essentially free credit that can be used for trading purposes, and I was pleased on this occasion that there were no minimum trading Worldtradex company reviews requirements.
I would suggest them to add more platforms maybe, because it feels like mt4 and mt5 are outdated compared to trading view. Other brokers withdraw from 5$ or 10$ and don’t have fees for withdrawals to banks. I would suggest adding an additional platform, apart from the mt4/mt5. I think they are a bit too complicated to use, especially the charting and entering into positions.
I enjoy the ecn stp accounts, especially since i’m a scalper trader. I get filled to trades so quickly, that it literally boosted my https://worldtradex.online/ profitability by nearly double. For my trading strategy that required some help from EAs and more customization, the trading environment that worldtradex provided, was right on target. Mt4 was the platform, where I’ve already had everything built and set up. I could accept that conditions weren’t ideal, anyway I think I wouldn’t find such.
worldtradex offers mobile trading apps compatible with both iOS and Android devices. These apps allow traders to manage their accounts and execute trades on the go with full access to MT4 and MT5`s features. It’s fine if you want a no-fuss trading experience but seriously lacking in the research tools, analysis features. That’s a key factor for me and that’s why I decided to join them and I can say since the moment I started trading through this broker I didn’t have any problems. worldtradex works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker.
On the surface, this is an ideal offering that provides the best of both worlds, though in practice we found some instruments pricier than others, so you shouldn’t expect superior pricing across the board. This means that clients of worldtradex’s offshore branch won’t get the same level of protection and won’t have access to compensation schemes or trusted regulators if things go sour. The platform allows orders to be placed in a variety of ways, including trading directly from charts. Embedded tick charts are an extremely useful way to determine accurate entry and exit points. MetaTrader 4 includes all the trading functions the modern forex trader needs. Market orders, pending and stop orders, trailing stops – all are right there at your fingertips with MT4.
Bank transfers are subject to a US$500 minimum threshold and incur fees in excess of US$30. worldtradex’s trading account is also available without a swap, upon request. Open your account online and contact your account manager for more information. In our opinion, its Islamic account is one of the best on the market because you can keep your positions open for as long as you want without incurring additional costs. worldtradex.com uses the MetaTrader 4 platform, made popular through its support of trading robots called ‘Expert Advisors’.