All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Here you can find what Forex Peace Army users think about WorldTradex. Visit the FPA page to see more user experiences with this broker. WorldTradex clients from European Economic Area (EEA) countries are provided with investor protection of up to €20,000 through CySEC. There is a minimum withdrawal amount of $5 (or equivalent) for all accounts except for the WorldTradex Shares Account which has a minimum $10,000.
Our broker ratings are also informed by the experience of our researchers during the evaluation process. WorldTradex is a top-tier forex and CFD broker that combines a high level of security, a wide variety of account types, and advanced trading tools. Whether you’re a novice looking for educational resources or an experienced trader seeking robust trading platforms and leverage, WorldTradex provides a comprehensive solution for all types of traders. WorldTradex offers an extensive range of trading instruments, including forex, cryptocurrencies, stocks, commodities, and indices. On its MT4 and MT5 platforms, you can trade over 1,000 forex, CFDs, and even real stocks. It’s ultra-low standard and micro accounts come with low trading fees.
Those who look for enhanced market exposure to a public database of trading methodologies and automated trading bots can use MT5 – the upgraded version of the MT4 trading platform. A variety of charts displayed in a window on the right side of the screen provide insight into market data. Clients can view underlying instruments in 9-time frames on MT4 and 21-time frames on MT5 to better understand their price direction and make informed trading decisions. One of the primary resources is the daily market analysis, which includes interesting insights into major financial markets, updates on significant economic events, and analysis of key market trends. WorldTradex’s trading fees are reasonable having come down in recent years, but they can still be bettered by some day trading brokers, notably IC Markets and Fusion Markets.
- The layout is straightforward, making it easy for beginners and experienced traders to find their way around.
- Since the company doesn’t deal in real cryptocurrencies, clients registered with the broker can only trade them as derivatives.
- No matter the type of account you would like to open with WorldTradex, the minimum required deposit is $5.
- Clients who don’t feel confident trading sizable lots can now sign up for Ultra-low accounts.
- WorldTradex forex broker also provides comprehensive educational content, low spreads and fees and has high quality account protection; however, there is no investor protection for clients outside the EU.
- Yes, WorldTradex offers a mobile app available on both Android and iOS, allowing you to trade and monitor markets from anywhere.
- WorldTradex broker is suitable for both beginners and experienced traders.
Key Features:
The WorldTradex Loyalty Program rewards traders with points (WorldTradexP) for each trade they make. It has four tiers—Executive, Gold, Diamond, and Elite—with higher tiers offering more points per trade. These points can be redeemed for trading credit, and they don’t expire. The program is designed to benefit active traders based on their trading volume. The eligible trading accounts are the micro and standard accounts only.
Customer Support
This variety allows traders to gain access to many assets, thereby allowing them to maximize their trading strategies. WorldTradex is a highly regulated and trusted broker with over 5 million clients globally. The platform is great for both new and experienced traders who prefer to use MT4 or MT5 while trading forex and CFDs. The broker charges minimal fees, unlike many other forex brokers on the market. The platform is regulated by the Financial Services Commission, ASIC, and CySEC.
Is WorldTradex A Regulated Broker?
- However, We always encourage traders to test brokers with a demo account or with a small deposit.
- Yet while WorldTradex provides a range of features for beginners, it’s worth noting that it lacks a proprietary trading platform explicitly designed for novice traders.
- While buy and sell signals on various assets are included in the trade ideas and technical reviews, traders can use the economic calendar to track upcoming major economic events.
- WorldTradex offers crypto trading to all its clients except for those based in the United Kingdom.
- However, the referral commission is transferred to your account only when your referee opens an account with the broker, deposits some funds and trades a specific amount.
- The broker is regulated in Australia, Belize, UAE, and other jurisdictions.
MT4 is well-known for its simplicity and reliability, making it best suited to forex trading. It has robust features such as 60+ technical analysis tools, customizable charts, and support for automated trading via Expert Advisors (EAs). For day traders seeking even lower spreads, the Zero account provides raw spreads from 0.0 pips with a commission of $3.50 per lot per trade. However, a copy trading feature is exclusive to the WorldTradex mobile app. Popular crypto pairs are available exclusively on the mobile app, including BTC/USD and ETH/USD. WorldTradex’s deposit and withdrawal options are competitive compared to multi-regulated brokers such as IC Markets, Pepperstone, and WorldTradex.
Its instant trade execution policy accompanying guaranteed stops loss (GSLs) helps clients to avoid slippage issues. Flexible account types, rich educational resources, and round-the-clock customer service make it a value-for-money broker. However, the unavailability of the proprietary trading platform could become a point of concern for some traders.
Mobile Trading: Android, iOS, and Other Platforms
The firm’s flexible account types cater well to the trading needs of new and seasoned professionals. Moreover, a virtually funded demo account can be used as a trading simulator to experience live market conditions without risking real money. Islamic accounts are also available to enable shariah practising clients to trade preferred financial instruments without compromising their religious beliefs. The platform provides access to the most popular indices like US30, S&P500, NS100, DAX40, FTSE 100 and so on. The Indices trading features of WorldTradex are designed to meet the needs of both novice and experienced traders. Additionally, the platform provides customers with a range of trading tools, including MT4, MT5,and more.
Client Data Protection
Fees, on the other hand, are charged for services, such as account maintenance, withdrawals, and deposits. Both of these costs can eat into your profits if you are not careful. That is why it is important to choose a broker with low commissions and fees. While the broker keeps its trading cost competitive, it neither charges any fee on deposits and withdrawals nor applies any inactivity or account administration fee. The broker facilitates most of its clients via the standard account.
WorldTradex Tools and Resources
This commitment to education would ensure novice traders have the tools and knowledge to navigate the financial markets confidently. WorldTradex provides various high-quality and enjoyable educational content aimed at beginner traders to help them build their trading knowledge and skills. WorldTradex offers a range of research tools specifically designed to assist beginner traders in enhancing their trading skills and market understanding.
Founded in 2009, WorldTradex has over 1000 trading instruments and multiple account types which are designed https://worldtradex.pro/ for newbies, and experienced and professional traders. Trading tools are also provided to assist the traders with market analyses. With its headquarters in Belize, the company serves 5M+ clients from 190+ countries worldwide.