Clients are, however, not allowed to withdraw from their accounts unless the account is verified. Multiple payment options including credit cards, debit cards, Skrill, Neteller and Bank Transfers, make it convenient for clients to fund their accounts using their preferred payment method. While some people praise the broker wholeheartedly saying it’s one of the best online trading brokers, others say it is no scam but is poorly managed. However, there are a good number of posted reviews of people denouncing the broker for withdrawal problems and bad trading experience. The mobile app offers a wide array of tools and indicators ranging from trends, to oscillators, to volumes and lastly bill Williams. The trading interface of worldtradexTrader is quite unique, it presents users with extended functionality.
What Platforms and Applications does worldtradexFX Forex broker offer?
worldtradex holds just one Tier-1 license and one Tier-2 license, resulting in a grade of «Average Risk» within the ForexBrokers.com Trust Score rating system. We hope, that reading all of the worldtradex reviews you will find the answers to your questions. In case you don’t, please feel free to contact us via Our dedicated 24/7 support team is available in English, Indonesian, Malay, and more. I have Been using worldtradexfx for a couple years now and they are very reliable broker. To start trading, you need to create a Trading Account in your Personal Area.
I personally like to maintain full control over my trading as I feel like you can become a better trader in the long run when you learn from your mistakes. In their review, they claim their European entity being largely unregulated is a red flag. According to a member on Reddit, worldtradexFX occupies the security commission’s list of platforms to avoid. However, some users have appraised the company, claiming they had good trading experience and fast withdrawal. Deposits made to trading accounts must therefore be made from bank accounts in your name only.
Moreover, the integrated copy trading function lets customers duplicate the winning strategies of seasoned traders, so promoting a cooperative trading atmosphere. For people looking for a sophisticated trading experience, worldtradex’s MT5 platform offers a strong and flexible trading alternative overall. worldtradexFX is a solid choice for beginner traders due to its user-friendly platforms, competitive spreads, and educational resources. The low minimum deposit requirement makes it easy for new traders to get started, while the wide variety of account types and payment methods ensure flexibility. worldtradexFX’s extensive range of trading instruments, combined with flexible leverage options and competitive spreads, caters to both novice and experienced traders.
- The app interface is very user friendly making it easy to find signal providers to follow based on your customised filters.
- It’s worth noting that worldtradex’s primary execution venue is one of its own entities in St. Lucia.
- Special competitions are also run on a more ad-hoc basis for the most successful and active traders on the site.
- It is essential to be fully aware of these risks before engaging in any trading activity.
worldtradexFX provides Emirati traders with a demo account tailored specifically to their requirements. The platform strives for realism by accurately simulating real-world trading situations and providing learning opportunities that closely reflect current market conditions. Tailored to cater exclusively to proficient traders from diverse financial backgrounds within the UAE, the MetaTrader 5 account proffers avant-garde trading instruments and exceptional trade conditions. Emirati traders can avail themselves of the “50% Deposit Bonus” offered by worldtradexFX, which provides a bonus of 50% of their deposits. This added value may be utilized for trading purposes, allowing traders to fortify their positions and enhance strategies accordingly. Upon fulfilling specific volume requisites, the bonus funds become withdrawable, thereby bolstering overall trading resources significantly.
The broker claims to process withdrawals by cryptocurrency immediately but withdrawals with bank payment could take 1-3 hours depending on the processing bank. The broker also asserts its technical environment is constantly monitored and protected by dedicated teams of technical specialists and security. It has management systems that ensure that clients do not lose more than initially invested. If account balances become negative due to Stop-Out, worldtradexFx compensates the account by adjusting the account balance to zero, ensuring the risk is limited to only deposited funds. The company’s educational library is well maintained and offers rich learning resources that includes webinars, articles, platform tutorial videos and a video course.
The web-based platform offers quality charts, allows for the placement of technical indicators and lines, and supports alerts that arrive as notifications from the broker. However, it lacks weekly and monthly time frames and does not offer an intuitive zoom tool. Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms. He is an expert in Compliance and Security Policies for consumer protection in this sector.
While there is no minimum deposit from the virtual wallet, worldtradex advises that the minimum deposit using this method is 50 USDT. The network charged a fee of 1 USDT, and the remaining amount was credited to our account in USD within minutes. For those familiar with cryptocurrency wallets, this process is very simple and quick.
This includes an economic calendar, daily analysis posts, as well as trading signals and market insights. Video content is also provided via YouTube, with much of this content archived. This provides a great digital library of webinars that users can take advantage of. The proprietary cTrader app is easy to use, robust and well set out to assist mobile trade execution. Whilst it does allow users to keep on top of administrative tasks such as withdrawing and depositing funds it has the feeling of something that in essence was designed to help traders trade. One reason traders are attracted to forex and CFD markets is the high leverage available.
Which Account Types Are Available with worldtradex?
And I personally tested their customer service response times and was seriously impressed. First, they are properly licensed and regulated in their home country of Saint Lucia. This means they adhere to strict laws and oversight designed to protect traders. Yep, this forex broker is still a spring chicken compared to some of the old dinosaurs in the industry. But in its short life, worldtradexFX has already made quite a name for itself.
How do I qualify for the worldtradexFX VPS service?
Furthermore, efficient trade management depends on MT4’s quick order execution, which is absolutely important for active traders. Generally, worldtradex’s integration of MT4 offers a strong trading solution that combines extensive features with user-friendly usability, so it’s a great fit for several trading approaches. However, traders may be charged third-party processing fees—which worldtradex has no influence over. Furthermore, although worldtradex does not charge inactivity fees, traders who deposit or withdraw in currencies other than USD or EUR could have to pay for the conversion.
Market Data
To cater to both novice and experienced traders, worldtradexFX can add more advanced educational materials. worldtradexFX offers a reasonable selection of trading instruments, including currency pairs, cryptocurrencies, commodities, and index CFDs. These additions will attract more traders and improve the overall trading experience. worldtradexFX has established itself as a reputable forex broker in the industry.
- You can always switch over to a live account when you feel ready to do so.
- On Google, the broker is rated highly by both beginner and experienced traders.
- Among the financial service providers, there are fraudsters that we promptly report.
- The broker has its proprietary trading platform known as worldtradexTrader, which operates on web and mobile versions.
Compared to other brokers, worldtradexFx claims to have low trading fees and charges nothing on deposit and withdrawal. With an unrestricted number of traders to copy, clients can create a balanced trading strategy for themselves. To make it easier, worldtradexFx has a Copy Trading app developed differently from the mobile app. Clients can initiate a withdrawal by logging into their trading accounts and clicking on the withdrawal option, visible on the homepage. After clicking on the withdrawal option, next is the selection of the payment methods, and the amount to be withdrawn to get the withdrawal completed. The custom-built worldtradexFx mobile trading app features a simple yet functional user interface.
Whether you’re using a desktop or mobile device, the platforms ensure that you have a smooth and efficient trading experience. The worldtradexFX Trading App is an official checking trading account with built-in tools to help you manage your worldtradexFX personal profiles, control real, demo and contest accounts, and manage deposits. It is a smart trading platform combining everything a trader needs in an easy-to-use app. You can make fast deposits and withdrawals, instantly log in to your trading profile and access your terminal to trade simultaneously in all of your accounts. As well as controlling your trading accounts and monitoring balance statistics, they’ve added integrations with trading platforms, so you can start trading with no Worldtradex forex brokers reviews effort at all.
They claim that a small percentage of clients actually contact customer support as their services are usually smooth and reliable enough. However, should you need them, they are there to answer your general and technical questions in a prompt and efficient manner. I have always found them to be reasonably quick to respond but think they could improve by extending hours to 24/7 support. worldtradexFX aim to minimise trading costs with 97.5% of orders executed without slippage through the STP (Straight Through Processing) and ECN (Electronic Communications Network) models implemented. What this means is that you can get your trades placed on the markets at the best available prices at all times. It also means that they do not use a dealing desk which can eliminate any conflict of interest between you and the broker.
The term leverage is the ability to have access to added funds – margin – when trading financial instruments. Although increasing your margin could boost your market exposure, it also raises your vulnerability to losses. The spread for all available currency pairs offered by worldtradexFx – including major, minor and exotic pairs are listed in the table below.