Its growth has enabled worldtradex to continue to expand its products and services. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust. worldtradex offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments.
How to close an worldtradexfx account?
The in-house worldtradex copy trading function is a welcome addition to the suite of services. Spreads can be as tight as 0.0 pips and those who go with the ECN/STP processing option will be provided with exceptional flow quality and reduced slippage. Its worldtradexFX.eu arm is regulated by CySec (Cyprus Securities and Exchange Commission) and has offices worldwide. The firm has a strong foothold in the Asian market through its offering an outstanding trade execution service that appeals to traders from all corners of the world. 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.
It provides a range of core services, including charting tools to help clients get into the markets with the right level of support. 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’. All the background materials are of high quality, and the videos are supported on YouTube.
Completing the KYC Process:
In particular, it has a Pattern tool that lets you apply a variety of technical analysis on your charts automatically which is useful if you are new to forex trading. The big takeaway from my time with worldtradex is that it doesn’t charge swap fees on any of its accounts which are usually reserved for swap-free Islamic trading accounts. Not only does this reduce your trading costs for longer-term positions but it won’t force you to close a position before being charged a swap. This is the first time I’ve seen swap-free accounts for all traders, regardless of location and beliefs, making worldtradex a truly low-cost broker by avoiding these fees. There is no commission charged on both deposits and withdrawals, MT4 and MT5 commission is included in spreads as mark-up, and no additional fee is applied. Opening an account with worldtradex is done online with a few simple steps which enable you to set up a real or demo account.
An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Features like its trading glossary, platform tutorials, Worldtradex review and dozens of Frequently Asked Questions (FAQs) help to flesh out worldtradex’s educational offering.
- worldtradexFX has multiple contests, including a demo contest and an Archive contest.
- Log in to your online trading account or download the app and launch it to start trading.
- This is a distinct characteristic that avoids surprises, which are mostly negative for traders, especially on certain days when swaps can be doubled.
- ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
- It is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number and by the Mwali International Services Authority (MISA) in the Comoros Union.
worldtradex is geared towards beginner and intermediate traders, providing user-friendly platforms such as MetaTrader 4, MetaTrader 5, and its proprietary worldtradexTrader. It also facilitates copy trading services and offers extensive educational materials. Additionally, the broker provides promotions and bonus programs, along with 24/7 customer support, aiming to enhance the overall user experience and sustain its global presence. Operating under multiple top-tier financial regulators and offering security measures like negative balance protection, funds segregation, etc., makes the broker extremely reliable. worldtradex is a prominent global online trading platform that has been in operation since 2011.
This lets you adapt your charts depending on your strategy, whether you use multi-time frame analysis or are a scalper with tick charts you’ll find it easy to switch on MT4. If you want to see how worldtradex’s spreads compete with other Malaysian brokers, I created a simple trading cost tool that you can use. 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. A wide variety of educational content is available for worldtradex users under the ‘Traders’ Tools’ section. It’s possible to access the worldtradex services while on the move by using the worldtradexTrader app, MetaTrader app or through internet browsers. worldtradex is as confident about its financing costs as it is its execution fees.
The worldtradex mobile app can be downloaded and quickly recognizes and retrieves data after entering the username, requiring no further action. From the worldtradex app, users can open positions in the worldtradex account as well as in MT4 and MT5, which can also be done using those specific applications. This means the app provides complete control over all open accounts and displays the full trading history. It features attractive charts for all three account types, allowing trading and modifications. In this review, the FXStreet team presents an independent and comprehensive analysis of worldtradex, grounded in direct testing and real user experiences. As a leading financial media outlet, our editorial content is driven by rigorous research and data-driven insights, all free from external influence.
What is worldtradexFX?
A trading account is where you store funds and trade currencies or other assets. You can create multiple trading accounts for your worldtradex profile, each with its own balance and leverage. The «TradingFinder» platform offers various services, some of which, like introductions, are free, while others, such as our specialized services, are provided for a fee or through a subscription. We generate income through various methods, which helps us convey facts transparently and not write biased content due to «broker sponsorships,» «commissions from financial companies,» and «advertisements.» Complete training in https://worldtradex.live/ financial markets such as «Forex,» «Stock Market,» and «Cryptocurrencies» only becomes comprehensive with tested trading tools and strategies.
The analysis was well presented on the charts and the commentary was easy to understand and follow, even if you’re new. 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. 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. The FSC is deemed “offshore” as they are an authority that accepts clients from multiple countries like Malaysia, Singapore, or Australia without being directly regulated by the country’s financial authority.
Fits your trading style
Account opening is very much a standard process these days, but worldtradex does offer a particularly neat twist to the situation. The broker takes advantage of some of its clients being domiciled in regions that still permit promotions, and those clients can benefit from a range of offers. It’s always nice to have extra security tools thrown in and worldtradex provides more than most. The worldtradex technical environment is monitored 24/7 by a dedicated team of highly professional security engineers and technical specialists.
- The Copy Trader account area requires separate funding and comes with its own dedicated app.
- Enjoy smooth and convenient trading with user-friendly interface on a fast and stable platform.
- In fact, in only a handful of instances did the response time beat the seven second figure.
- I’d like to have seen an option for bank transfers as I feel most secure about this process.
- worldtradex is a prominent global online trading platform that has been in operation since 2011.
- The security of your funds – in terms of regulatory protection – will depend on which worldtradex entity holds your account, and which, if any, relevant regulations provide customer protections.
These substantial operational metrics match the broker’s strong positioning in search visibility. worldtradex scored highly in my trust test with 12 years of industry experience and licences from CySEC, MSC, and MISA delivers a secure and transparent forex broker. I think the broker’s trust is supported by its 60+ awards from the forex industry and 8,000+ positive TrustPilot reviews demonstrating that its clients are happy with its operations.
He has a Masters and Commerce degree and has an active role in the fintech community. This is because you will receive better protection and service from your local regulator should you need to enforce a complaint. However, in my experience with regulators like MAS, they are very professional and helpful so this is by no means a poor regulator.
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.
Alerts and each executed order are notified through browser notifications. Additionally, the app allows users to view the history of each operation, including changes made to orders, with great clarity. A few minutes after submitting the withdrawal, we received a confirmation email.
