Worldtradex is a new broker for me and being honest, I’ve never heard any negative rumors about them before and of course I decided to give it a shot. I once needed help because I couldn’t reset my password, and I contacted them, it took less than 5 minutes to reach out to them.That kind of access is rare with brokers. Regarding my trading experience, I can say their single trading account is more than enough for me. Worldtradex offers a comprehensive mobile trading platform available for both iOS and Android devices. The mobile app allows you to manage your accounts, execute trades, monitor real-time market data, set customizable alerts, and utilize advanced trading features, ensuring you can trade efficiently while on the move. Worldtradex offers a variety of withdrawal options similar to its deposit methods, including credit/debit cards, e-wallets, Skrill, Neteller, PayPal, and cryptocurrencies.
With the Worldtradex Trader Mobile Platform, you can stay connected to the markets and trade with ease, no matter where you are. The platform works on all operating systems and supports EAs, hedging, and advanced technical indicators, analytical tools, and charting features. Worldtradex offers software that can be downloaded for PC, used as a mobile app for trading on the go, and includes a Multi-Terminal for managing multiple accounts at once. All Worldtradex clients can access free trading tools through the Traders Hub, which provides various helpful features. These tools include VPS, SMS notifications, EAs, technical analysis, and trading tools.
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For cryptocurrency users, Worldtradex provides an added benefit with up to a 10% discount on each deposit made via crypto. Deposits using BTC or ETH are processed instantly, meaning as soon as the transaction is uploaded on the blockchain, the trader’s account is credited without waiting for confirmation. Additionally, Worldtradex does not charge any deposit fees, enhancing its appeal to cost-conscious traders. Worldtradex places paramount importance on trust and safety, strictly adhering to global compliance standards to protect its traders. The platform employs state-of-the-art security measures to scammed by Worldtradex safeguard both personal data and client funds, ensuring that all transactions and information are securely managed.
I have had a good experience with Worldtradex
- Worldtradex is primarily a European Forex broker that launched its FX and CFD products in 2010.
- This ensures compliance with legal standards and helps traders understand any specific limitations that may apply to their region before opening an account.
- At this point, the forex broker will begin to close your positions until the margin level of your account is above the threshold again.
Worldtradex Forex broker provides a range of educational resources to help traders improve their knowledge and skills. More you will get daily forex technical analysis by forex experts, and forex news. Worldtradex provides unparalleled account choices such as zero-fee ECN and competitive spreads, a subset with incredibly low costs. It is the feature of honesty in terms of pricing and execution that makes the customers interested and votes with plentiful positive reviews and ratings. For immediate assistance, Worldtradex provides phone support that traders can access during business hours. Phone support is particularly useful for traders who prefer verbal communication and need swift responses to time-sensitive matters.
Phone Support
- With over 200 available assets, traders can diversify their portfolios and take advantage of different market conditions.
- For each successful referral that opens an account and meets the trading criteria, both the referrer and the new trader receive a bonus.
- Worldtradex could offer more in terms of trading tools and reduce or eliminate its withdrawal fees, but these are minor complaints.
- Its regulation contributes positively to its ratings for credibility and security.
However, some account types may have minimal fees based on trading volume or specific services. Potential withdrawal fees may apply depending on the withdrawal method chosen, which will be detailed in a separate section. Worldtradex prioritizes transparency, and all applicable fees are clearly outlined on their website, ensuring traders are fully informed about any costs before making transactions. Clients have access to the full suite of the out-of-the-box MT4 trading platform. It fully supports automated trading and is one of the most versatile trading platforms available.
Worldtradex are able to accommodate various levels of traders whether you are experienced or a beginner. We understand that informed decisions with Worldtradex are the key to successful trading, so we’ve provided this detailed Worldtradex review. So, take a seat, grab a cup of coffee, and dive in to learn about Worldtradex and how it can benefit you or if Worldtradex is not for you. This detailed Worldtradex review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex trading, CFD trading, Share Dealing. I hope they will add support for MT5 in the future, most of the popular brokers offer this now.
Information on the TopForx.com website is for informational purposes only and does not constitute any motive or suggestion for visitors to invest money. According to the statistics, 75-89% of customers lose the funds invested, and only 11-25% of traders earn a profit. Negative balance protection is important for traders using leverage on platforms like Worldtradex. In an unfavourable market move, leverage can result in a loss that exceeds the trader’s account balance, leaving them with a negative account balance. If a Worldtradex trading position does not go in your favour, this is where negative balance protection comes in handy.
How Worldtradex Fees Compare Against Other Brokers
Worldtradex offers a clear and uncomplicated fee structure across all account types, charging no commissions or swaps on certain accounts, while others may have minimal fees based on trading activity. Instead, traders are primarily required to pay competitive spreads, which vary depending on the instrument and account type. Premium and VIP account holders enjoy tighter spreads, making these options especially attractive for high-volume and frequent traders. Standard account holders also benefit from competitive spreads, ensuring that even beginners can trade cost-effectively.
Traders from these regions are prohibited from opening accounts or accessing Worldtradex’s services. For a complete and updated list of restricted countries, traders are encouraged to check the Worldtradex website. Worldtradex rewards traders who refer friends and colleagues to the platform through its Referral Program. For each successful referral that opens an account and meets the trading criteria, both the referrer and the new trader receive a bonus.
So many times my trades were executed at a different price than the one I saw on the chart.Here things are completely different. Plus the spreads are tight.My overall trading experience and profits improve by far just by changing the broker I trade with. Worldtradex provides access to the widely popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for its reliability and advanced trading features. The platform supports seamless trading across multiple asset classes, including CFDs, forex, and cryptocurrencies, ensuring flexibility for various types of traders. Worldtradex is committed to providing its users with educational resources through webinars, trading guides, and market analysis. The company helps traders to improve their skills, through which it attracts customers.
Worldtradex has proven to be an excellent choice for intraday traders with its ECN XL account. The raw spreads and zero commission policy make it cost-effective for this trading style. Trading via MT4 is smooth, and execution is fast with minimal slippage. 💰 The 100% deposit bonus is a nice boost, especially for smaller accounts. However, the platform selection is limited to MT4, which may feel outdated for some traders, but not for me…✅ Overall, it’s a solid choice for anyone seeking transparent and competitive trading https://worldtradex.world/ conditions. Modern brokers like Worldtradex provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources.
Limiting Your Risk When Trading with Worldtradex Negative Balance Protection
Worldtradex is registered in Vanuatu with registration number and regulated by the VFSC and CySEC. Worldtradex is also registered in 26 European Union countries under the Markets in Financial Instruments Directive (MiFID). Read our in-depth reviews of forex and CFD brokers, and compare the best online brokers side-by-side. Throughout our comprehensive Worldtradex review, we have covered a lot of ground and provided an in-depth analysis of the platform’s features and functionality.
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… It is suitable both for beginners who are just taking their first steps in trading and for those who have been in the field for a long time. I was especially pleased that the registration and verification process here is simple – they don’t require a lot of documents and everything goes quickly. Opening an account turned out to be easy and without unnecessary bureaucracy.I used to study, watched how others trade, and now I decided to try it myself – it’s time to make my own mistakes, as they say. To start, I invested 100 dollars, just to practice and feel the platform in real conditions.
“Transparent and honest broker”
The company providing very good spread conditions with Commission $0. Through these educational tools, Worldtradex equips traders with the knowledge and confidence needed to navigate the markets successfully. All the services on the TopForx.com website are free for you to use. The minimum deposit at Worldtradex usually starts at $100 or the equivalent in other currencies.