This makes worldtradex an attractive option for stock trading CFDs as you won’t need to worry about swap fees cancelling any day’s profits, so you can keep the positions open. worldtradexFX is a global forex and CFD broker that has been providing online trading services since 2011. Headquartered in Saint Lucia, the company has grown to serve over 12 million client accounts from more than 180 countries. worldtradexFX is regulated by several decent financial authorities and has a good record in that regard. We help you develop the knowledge and skills to trade efficiently and responsibly. Every year we improve our conditions and standards in an ongoing effort to make trading with the #1 Forex broker worldtradexFX your best experience in the market.
Swap-Free Account Fees
You can request a human agent who was surprisingly not as helpful as the AI with canned answers and no depth of product knowledge. This was frustrating when asking questions about their services and trading accounts as I felt they didn’t Worldtradex forex brokers reviews answer the question. worldtradex has a decent selection of 34 cryptocurrencies covering Bitcoin, Ethereum, Ripple, and Litecoin which is a healthy selection of highly liquid crypto markets. If you prefer to trade less liquid and higher risk assets you also have access to altcoins like Dogecoin to speculate on. 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.
Choosing A Trading Platform
Standard lots are 100,000 units, mini lots are 10,000 units, and micro lots are 1,000 units. Beginners are often encouraged to start with micro or mini lots to minimize risk.
What Demo Account Does worldtradex Offer?
Feedback and rankings from authoritative sites like «Trustpilot» on the TradingFinder website assist all traders. This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices. Participating in financial markets involves high risk, which can result in the loss of part or all of your investment. worldtradexFX offers 277 assets, including 50+ forex pairs, 150+ stock CFDs, 34 cryptocurrencies, commodities (gold, oil), and indices. worldtradexFX offers access to 277 tradable instruments across five asset classes, from the Forex market to digital assets.
- It’s good to see worldtradex offer MetaTrader 4 as it is one of the most recognised trading platforms for retail forex traders in Malaysia thanks to its advanced charting tools.
- If you prefer to trade less liquid and higher risk assets you also have access to altcoins like Dogecoin to speculate on.
- These are two offshore regulators that allow worldtradex to provide secure financial services in 180 countries.
- «Trading Finder,» with its experience, aids traders and investors in gaining a correct understanding and deep learning.
- The platform offers an accessible gateway to the forex market with its versatile tools, reliable execution, and educational support.
- The profile for each trader was more detailed showing profit and loss, drawdown, and copy follower growth which I like to use as a leading indicator of trader performance.
Users can access these platforms via desktop applications, mobile apps, or web-based terminals. Choosing the right platform depends on personal preference, trading style, and device compatibility. Before depositing, it is wise to consider your trading plan, risk tolerance, and capital allocation strategy. It is also advisable to start with a smaller amount until familiarity with the platform is established. The live chat is 24/7 which is great to see, but the experience I’d say is a mixed bag.
- Amongst the new features and platform improvements, you can still automate your trades with MetaTrader 5 and Expert Advisors.
- Our over 15 years of experience in financial markets and high technical knowledge aid in precise and timely identifications.
- You should only engage in any such activity only if you are fully aware of the relevant risks.
- Even at 0.90 pips, I found it’s roughly 18% cheaper than my industry average tests of 1.11 pips for EUR/USD, positioning worldtradex as a low-spread broker.
- Processing typically completes within 1–3 hours, though the submission process takes just minutes.
We offer convenient portfolio management, transparent trading conditions, helpful educational materials, and easy-to-use service where nothing distracts you from making a profit. Yes, worldtradex is legal and regulated across multiple jurisdictions covering the EU and Asia. For the EU, it is regulated by CySEC which is a Tier-1 authority and for the rest of the world you will be regulated by MAS or MISA. By being regulated across multiple jurisdictions it allows worldtradex to provide retail financial services to traders across 180 https://worldtradex.biz/ countries. worldtradex is based in Saint Lucia but has multiple entities outside of Saint Lucia to provide financial services to clients in 180+ countries. Depending on where you are from, you can open an account with a different entity that is regulated by either CySEC, MAS, or FSC.
It is essential to understand the mechanisms of forex trading, the functionalities of worldtradexFX, and the strategies required for consistent performance. Trading forex on worldtradexFX is a structured process that involves proper setup, market understanding, strategy execution, and consistent risk management. The platform offers an accessible gateway to the forex market with its versatile tools, reliable execution, and educational support. By following a disciplined approach and continuously refining strategies, traders can navigate the forex market effectively and work towards long-term trading success. Once the verification is completed, users can choose the type of trading account they wish to operate. worldtradexFX typically offers various account types, such as Micro, Pro, and ECN accounts.
cTrader platform introduced
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. I found the account opening process to be rather straightforward where you complete an application filling your personal details and choose the platform you wish to work with. In my case it was the MetaTrader 5 platform, however, I found that once your account is open you can select different platforms from within the dashboard.
The registration process is straightforward and typically involves filling out a form with personal information such as name, email address, and phone number. After registration, traders must verify their identity by submitting identification documents. If you are interested in trading forex, you can take a look at our best forex brokers for some options. It automatically closes when the price reaches a certain non-favourable level you can set in advance. You can use the calculator to manually choose the Stop Loss level for your order. My experience with worldtradex has been largely positive thanks to its excellent ECN trading conditions giving me low spreads that averaged 0.80 pips on EUR/USD with no commissions.
worldtradex reported serving over 12 million trading accounts across more than 150 countries, with particularly strong penetration in Asia, Africa, and Latin America. worldtradex processes more than $9 billion in monthly trading volume and has executed over 920 million trades since its inception, according to company data. These substantial operational metrics match the broker’s strong positioning in search visibility. 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. One of the key highlights for MetaTrader 4 I like is the option to automate your trades using Expert Advisors (EAs) which is allowed on your worldtradex account. You can develop EAs to 100% automate your strategy from analysis to execution, or set up risk management EAs to manage your risk on open positions automatically.
Calculate potential profits and losses of your orders and trade financial markets more confidently. worldtradexFX provides a demo account that mirrors live market conditions without the risk of losing real money. A demo account allows users to practice executing trades, test strategies, and become familiar with the platform’s functionalities. It’s good to see worldtradex offer MetaTrader 4 as it is one of the most recognised trading platforms for retail forex traders in Malaysia thanks to its advanced charting tools.
Trade on the go with the worldtradex trading app
I felt that when I was passed to human agents on live chat it was hit and miss as basic questions were not answered, while other times they were. Withdrawing from my account was also fast, according to my account manager each withdrawal takes roughly 2 hours to get approved. Once approved you can expect the funds to be in your bank account/wallet within 30 minutes which is extremely good service in my opinion. Crypto is the slowest to deposit with 3-30 minutes which is still extremely fast in my books as some brokers can take 24 hours to credit your account. These are two offshore regulators that allow worldtradex to provide secure financial services in 180 countries. It is regulated by the FSC in Mauritius, the Mwali International Services Authority (MISA), and CySEC for European traders.
