Let us now explore why traders all around turn to worldtradex as their preferred platform. From the worldtradex review, you will get to know that, it distinguishes itself for its dedication to positive impact as much as for commission-free trading. It supports local communities and education among several humanitarian endeavors. No, worldtradex does not accept clients from the United States due to regulatory restrictions. Traders in the U.S. should look for brokers licensed by the Commodity Futures Trading Commission (CFTC) or NFA.
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. Here are a few of the worldtradexFX account types you can look forward to trading with once you get started. We can say with confidence then, if you like trading with an ECN broker and are looking for a fast, low-spread environment, worldtradexFX would be a top choice.
worldtradexFX Review – Analysis of Brokers’ Main Features
If you live in the EU, you could use banks, digital wallets, or even big credit cards? In order to improve their whole experience, the broker additionally secured a Comoros license and intends to transfer international clients under Comoros control. As for the awards count, worldtradex has earned over 70 awards, which includes, “Most Reliable Broker Asia 2023” and the “Best Forex Broker 2023” award.
Deposit Options and Fees
The cashback rebates and affiliate programs demonstrate worldtradexFX’s commitment to adding value to its clients. Their VPS offering for forex traders highlights worldtradexFX’s focus on accommodating automated trading, which is becoming increasingly popular among forex traders. With support for MetaTrader 4 and MetaTrader 5, the platform is adaptable enough to accommodate a variety of trading strategies. Real-time charting options, in-depth technical analysis, and algorithmic trading are some of its most notable features. According to our research, worldtradexFX has earned a reputation as a reliable participant in the forex brokerage industry. Numerous traders have praised worldtradexFX’s commitment to providing an efficient trading environment.
A demo trading competition offered by worldtradexFX presents Emirati traders with a secure place to hone their trading strategies and techniques without financial risk. This opportunity enables participants to build expertise while competing in the contest. This is provided both through their own dedicated copy trading platform and a mobile trading app for on the go trading. You can choose to either be a copier, or a “Master Trader” where others will copy you and you will earn a commission. THerefore, is slightly hard to evaluate worldtradexFX since International codnitions are overall good, and EU are limited compared to industry. ALso, the points worldtradex does not win include instrument selection, lack of commission based accounts and more of the basic choice of platforms, buut spreads and costs at worldtradex are considered good.
- Overall, worldtradex’s educational materials are some of the best in the industry, but it could include more suitable content for advanced traders.
- For every valid trade your friends make, you earn $1 per standard lot.
- worldtradexFX offers a variety of deposit and withdrawal methods to accommodate traders worldwide, ensuring transactions are convenient, fast, and cost-effective.
- The worldtradexFX Masters fee is applied if you are copy trading with the broker.
worldtradex Trading Conditions
The simple interface of the program ensures quick navigation, which qualifies for both new and expert traders. However, traders may be charged third-party processing fees—which worldtradex has no influence over. Furthermore, although worldtradex does not charge inactivity fees, traders who deposit or withdraw in currencies other than USD or Worldtradex cheating EUR could have to pay for the conversion.
#1 Visit worldtradexFX Website
- Our Customer Care team will contact you with updates as soon as the Financial Department makes a decision on what options we can offer.
- THerefore, is slightly hard to evaluate worldtradexFX since International codnitions are overall good, and EU are limited compared to industry.
- I like that you don’t have to fill out a questionnaire for support, you are taken directly to help in the form of AI.
- The worldtradexTrader has the least options for technical analysis too with 19 indicators, 11 drawing tools, and 7 timeframes.
- Usually, worldtradex understands the value of customized leverage choices since they let traders to maximize their tactics throughout several asset types.
worldtradex Rewards is a built-in loyalty program designed to reward active trading on the worldtradex platform, available to all clients by default without any extra registration requirements. As users trade, they automatically earn XP and progress through four status levels, Bronze, Silver, Gold, and Platinum. Each level offers increasingly valuable benefits such as reduced spreads, faster bonus withdrawals, and accelerated accumulation of prize lots for the Trade and Win program. worldtradexFX has introduced a unique “Status Program” exclusively for Emirati traders in recognition of their loyalty and trading activity.
This entity is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, which is a more stringent regulatory body, though not top-tier. However, it does not provide Percentage Allocation Management Module (PAMM) accounts or Multi-Account Manager (MAM) services. Using worldtradex allows clients to trade in micro and mini lots on its platforms, which https://worldtradex.biz/ is particularly beneficial for new traders or those seeking a more cautious approach in their risk-management strategy.
What makes worldtradex’s Islamic accounts halal?
The account types are worldtradexTrader, MT4 and MT5 accounts for every trading platform the broker provides. The worldtradexTrader account is known for its versatility, whereas the MT5 account is technically advanced, and the MT4 account type has a simple user interface. Access the risk-free demo trading account without making any deposits to develop your abilities free from actual money loss.
Entry and exit orders were executed as intended, with only minor slippage observed. Limit orders were adjusted almost exactly to the specified price without jumps, though a small percentage of stop orders did experience some variation. One question that arises during the review is what happens with the bonus (credit) if the account balance falls below zero.
worldtradex Customer Service and Support
We recognize our obligations in updating and expanding this program to meet the requirements of GDPR. FxScouts is dedicated to safeguarding the personal information under our control and in maintaining a system that meets our obligations under the new regulations. Alongside industry standards such as an Economic Calendar, Profit, and Trading Calculators, worldtradex also offers an Account Monitoring tool and Autochartist.
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. I was impressed with the efficiency and low-cost approach to depositing and withdrawing with worldtradex. The range of deposit methods is decent, covering traditional, e-wallet and crypto, giving you a great choice of how to deposit (and withdraw) with no fees. Overall, the account opening process took 3 minutes which is the fastest application I have completed for opening a live trading account.
This seems like the perfect choice for novice traders to trade without any risks and access advanced trading features at the same time. Moreover, you can also participate in demo contests arranged by the broker and earn actual cash rewards. worldtradex offers a robust selection of trading platforms, including MetaTrader 4, MetaTrader 5, and a proprietary platform. This broker is an average choice for investors due to its solid but not outstanding rating for platforms and tools.
worldtradex’s IB partnership program provides a lucrative opportunity with clear terms, quick payouts, and scalable growth. Consequently, it serves as a perfect platform for anyone aiming to monetize their network within the Forex industry. Investing in financial instruments, commodities, and other assets carries inherent risks, and there is a possibility that you may lose your entire investment. It is essential to be fully aware of these risks before engaging in any trading activity.
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