Global Broker in Forex, Stocks, Indices, Oil and Gold

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During our testing, we found the internet browser offered the best route into all the ‘extras’, such as copy trading, that worldtradex offers its clients. Being able to still engage with the full range of services from smaller screens is a real plus-point for the service. In terms of trading strategies allowed, scalping, expert advisors and hedging are all permitted across each of the two account types, which is not to be taken for granted. The Pro account uses the MetaTrader MT5 platform and offers a wider range of markets than the Micro account and spreads also tend to be a little tighter. There is a strong trader focus to the platform backed by very high-quality industry-standard research and learning services coupled with a strong in-house copy trading facility. The pushback comes from the more limited number of instruments a user can trade on this platform.

Covering all assets available in worldtradexTrader, the AI Pattern Recognition tool is especially useful for those trading on faster timeframes since it empowers fast-paced, efficient decision-making and reduces cognitive load. Space is a smart feed with timely analysis of your favorite trading instruments. You can compare trading ideas, read explanations, and use global experience even if you’re a beginner.

Platform tutorials

Both iOS and Android versions of the trading platforms are also available for on-the-go traders. worldtradexFX supports the popular trading platform MetaTrader 5 (MT5), widely appreciated for its advanced analytical tools and user-friendly interfaces. The broker caters to traders of all experience levels, offering educational resources, demo accounts, and low-deposit entry points, making it particularly suitable for beginners. Overall, Lime Fx’s user-friendly fee structure and competitive spreads make it attractive to traders. MetaTrader 5 (MT5) takes the famous charting package and the automated trading possibilities to a whole new level.

Currencies accepted for deposits/withdrawals

It’s worth noting that worldtradex’s primary execution venue is one of its own entities in St. Lucia. Whether you’re a novice exploring the markets or a professional looking for advanced tools, worldtradexFX provides the necessary resources to achieve your trading goals. Web and mobile trading platform worldtradexTrader enables you to diversify and upgrade your trading.

For more experienced traders, worldtradex provides advanced analytical tools, including charting capabilities and various technical indicators. worldtradex gives a high priority to analysis and education for both new and experienced traders to its platform, having won a couple of awards in 2023 for ‘best education broker’. There are a range of guides posted on their online platform that ranges from a glossary to videos in order to support investors that are getting into trading or looking for new angles to support their trading process. All the background materials are of high quality, and the videos are supported on YouTube. However, the range of available methods for the region where the review was conducted from is not very broad, as transfers and credit cards (debit) are not available.

One key factor distinguishing worldtradex is that it does not charge swaps. worldtradex’s minimum deposit requirement of just $25 makes it accessible for new traders, it is a perfect broker for beginners. To properly increase their trading skills, the platform provides thorough instructional tools, including webinars, beginning and advanced trading videos, and trading glossary.

  • Payment methods refers to the various mediums by which users can credit and withdraw from their accounts.
  • Using worldtradex allows clients to trade in micro and mini lots on its platforms, which is particularly beneficial for new traders or those seeking a more cautious approach in their risk-management strategy.
  • Moreover, worldtradex offers opportunities for cryptocurrency trading, featuring popular cryptos like Bitcoin, Litecoin, and Ethereum.
  • In this review, the FXStreet team presents an independent and comprehensive analysis of worldtradex, grounded in direct testing and real user experiences.

Investing in financial instruments, commodities, and other assets carries inherent risks, and there is a possibility that you may lose https://worldtradex.blog/ your entire investment. It is essential to be fully aware of these risks before engaging in any trading activity. These services empower worldtradexFX users to refine their skills, maximize profits, and benefit from a collaborative trading environment. Its compliance with international standards demonstrates its commitment to maintaining financial integrity and customer trust.

In forex trading, exotic pairs or exotics refers to currency pairs that include a major currency paired with the currency of a smaller or emerging economy. Exotic pairs tend to be traded less frequently, in comparison to majors. In forex trading, some currency pairs are nicknamed majors (major pairs). This category includes the most traded currency pairs and they always include the USD on one side. At Lime Fx the client comes first regardless of net capital worth, account type or size of investment. However, for live account types, clients must complete the KYC process before initiating positions or withdrawals.

Trading education

worldtradex is an international broker ideal for traders looking to operate under competitive conditions. It offers high leverage, a diverse range of instruments, and user-friendly trading platforms. In addition, worldtradex provides extra services to its clients, including educational content, relevant information, bonuses, and customer support, which are readily available to resolve any issues.

worldtradex provides fully functional mobile trading apps for MT4, Worldtradex courses scam MT5, and worldtradexTrader that are available for both Android and iOS devices. These apps offer full trading capabilities, interactive charts, and technical analysis tools on the go. worldtradex offers access to multiple robust trading platforms, which include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and worldtradexTrader. Opening an account with worldtradex is done online with a few simple steps which enable you to set up a real or demo account.

Leverage

The «Space» section allows users to see posts on various topics directly on the web, but the configuration for the topics is set in the mobile app. worldtradex offers negative balance protection, which means that if a market slippage results in a negative balance, worldtradex will adjust the balance to zero. This feature ensures that traders cannot lose more than their initial investment. Periodically, worldtradex offers the worldtradexFX Champion Demo Contest, a monthly, risk-free trading competition using virtual funds. Participants compete for real cash prizes ranging from $40 to $500, with winners determined by the highest account balance after four weeks. Founded in 2011, worldtradex (formerly worldtradexFX) is part of a group of global entities, which include worldtradex Markets LTD (based in the island of Mwali) and worldtradex Markets Cyprus Ltd (based in Cyprus).

  • worldtradexfx’s low minimum deposit requirements allow everyone to easily trade.
  • The account opening process of the broker is straightforward and can be continued if accidentally stopped.
  • Founded in 2011, its products are available through worldtradexFX.com and worldtradexFX.eu.

worldtradexFx Trading Platforms

However, once the process is completed, they can easily add additional accounts with just one click. worldtradex has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading.

worldtradex is indeed more appealing and more widely offering various attractive tools and proposals on International trading therefore Broker is better for International traders. worldtradex International is useful since it provides a complete learning center, including webinars, videos, and articles, also various research and promotional tools are appealing too. On the negative side, traders should make sure to check the proposals, as worldtradex is an international brand and a Cyprus one offers slightly different conditions. While obviously, worldtradex Cyprus is more trusted, the international proposal features more comprehensive tools and conditions along with education and research materials and MT4 availability. worldtradex is an STP Forex Broker also runs high standards of secure trading environment, as of the regulation it imposes. The offering to the clients is wide and even comprehensive since it proposes the same if not more investment opportunities to the world trading community.

Various account types on the 3 platforms have different deactivation dates as stated below. Offering 10+ market indices, worldtradexFx Index trading tries to set up clients for a new experience with an exposure to a broader market. Clients can maximize the opportunity stemming from an availability of popular indices, inclusive of  NASDAQ, Nikkei, Euro Stoxx 50 and others.

worldtradexFX offers a variety of deposit and withdrawal methods to accommodate traders worldwide, ensuring transactions are convenient, fast, and cost-effective. Both platforms are available on desktop, web, and mobile devices, ensuring seamless trading across various operating systems. They also offer real-time market updates, one-click trading, and multiple order execution options to enhance trading efficiency.

The support team is recognized for its prompt response times and ability to address concerns in multiple languages, reflecting worldtradexFX’s commitment to serving its global client base. We are constantly improving our product to make your trading experience better. This feature allows you to save your chart layouts, chart templates, and drawing templates, and restore them when you get back.

During our own testing, we found the average ‘first response’ time to be greater than the seven seconds claimed on the firm’s site. In fact, in only a handful of instances did the response time beat the seven second figure. In over 96% of cases, our queries were processed to the point of satisfaction on the first interaction. We would also support the site’s claim that full resolution was achieved within three minutes. worldtradexFX provides more information about its operational risk management than it does about its regulatory framework.