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. Our content production team (text, images, videos, software, Chrome extensions, audio, etc.) works independently. All research on various indicators, oscillators, smart robots, and artificial intelligence is conducted separately from our advertising department. To register, visit the website, verify your email, complete personal info, and upload KYC documents (ID + proof of address). Finally, choose between a Standard or Custom account, then finalize the process.
worldtradexFX forex broker (Company Information + Regulation)
- worldtradex (worldtradexFX) is an international forex broker that offers a variety of trading services across multiple asset classes, including forex, commodities, cryptocurrencies, stocks, and indices.
- worldtradex Markets Cyprus Ltd is an investment firm registered in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC) using the domain worldtradexFX.eu.
- However, it lacks weekly and monthly time frames and does not offer an intuitive zoom tool.
- I’ve been wokring with worldtradex brooker for over 2,5 years and I remember how simple they were at that moment.
- This means the app provides complete control over all open accounts and displays the full trading history.
In our review, we only had the option to use Neteller, Skrill, and cryptocurrencies. Even after verifying our identity, those were the only methods available to us. We consulted customer service, and they confirmed that these were the available methods for our accounts. worldtradex affirms that deposits can be made via bank wire, credit card, digital wallet, and cryptocurrency. The available methods vary depending on the client’s residence and may include local bank transfers. worldtradex does not charge deposit fees, and processing times range from instant to a few days.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), worldtradex’s lack of additional Worldtradex reviews reputable licenses heavily weighs down its Trust Score. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. worldtradex has improved its pricing and appears to keep pace with the lowest-cost MetaTrader brokers. That said, with no date range available for its average spread data, I was unable to make a precise comparison to the best brokers.”
Withdrawal Options And Fees
I’ve been using worldtradexFX for a few weeks now, and I’m finding it a decent platform to get started in forex trading. The dashboard is easy to navigate, and it shows everything you need at a glance – currency pairs, spreads, and live prices. For example, the EURUSD price is right there at the top, along with how much it’s moved today.
- Indeed, the curating, sourcing, and organization of this process requires substantial financial investment by Tradersunion.com, which the website earns in the form of advertising payments.
- In addition, worldtradex boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders.
- With that said, they still offer good value in terms of trading conditions.
- Some of them may not be available within every region or account type.
How do I open and verify an worldtradexFX account?
My hope is that I can grow as a trader by following other master trades and therefore grasp the logics of market. There are 12 extensive educational articles covering the forex basics but what stood out for me was the free forex trading course. In this course, I had access to 11 video lessons that lasted roughly 5-10 minutes but went into detail about how to trade forex. This is an impressive feature if you’re new to trading due to the constant flow of trading ideas with detailed market commentary that will help you learn in real time. Plus, you can fine-tune the Space by choosing specific instruments only to receive these ideas from – in my instance, I chose USD/JPY, gold, and EUR/USD.
What platforms are available for trading with worldtradexFX?
As worldtradexFX is regulated by CySec, the firm is authorized to offer its services to customers in EU member states. This is because European forex laws allow brokers that are licensed in a country within the EU to service clients anywhere within the European Union. BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups.
You can open a demo account with unlimited funds and no expiration giving you ample time to test each platform to see which suits you best. The demo account provides real-time price feeds like a live account but gives you virtual funds to trade in a risk-free environment. As you can see from the above table all the accounts offer the same regarding trading costs, the only difference is the trading platform. If you want to trade all markets worldtradex provides, I found your only option is the MetaTrader 5 account.
This profile aggregates professional traders’ performance, displaying it to the public and letting them promote it. As worldtradexFX is a CFD broker, you will be trading on margin and using leverage. This will mean that although your gains will be higher, unfortunately your losses will be too, due to the leverage.
It is also possible to trade directly through a web browser without installing the platform on your device. worldtradex provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT, Ethereum. However, worldtradex exhibits certain drawbacks, such as a limited range of passive income solutions and frequently changing payment systems that may cause inconvenience to users. While worldtradex delivers a robust trading experience for active traders, its limitations may not cater to those preferring complete transparency or a wider selection of passive investment options.
worldtradexFX does have a reputation in the financial industry for offering one of the best Islami accounts. The firm’s accounts are Shariah-compliant and no interest will be charged on overnight positions. worldtradexFX clients can also monitor manster traders activity in real-time, compare strategies with other traders and sign up quickly and easily. worldtradexFX provides twenty-eight currency pairs, 3 cryptocurrency CFDs, and CFDs on 4 metals, 2 energies, ten of the most popular indices, adding to 47 instruments in total. Firms must comply with a number of rules on how they can advertise services to customers.
You can open a demo account on each of the available trading platforms. https://worldtradex.online/ CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The worldtradex broker has tried to adapt its conditions as much as possible to the various trading strategies used by traders.
It offers the pricing and execution experience of a no-frills broker but complements this with a range of additional services such as top-quality learning resources and copy trading options. 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. 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’.
Payment options include VISA, AWEpay, bitcoin, FasaPay, local bank deposits, local bank transfers, Neteller, Paytm, Skrill, UnionPay. worldtradex offers 5 crypto markets like bitcoin, ethereum and litecoin — this is a limited range. On the upside, those markets that are available are traded using the MetaTrader platforms, so at least the quality of service is guaranteed to be high.
Some topics include, risk management, trading strategies, and technical and fundamental analysis. New traders might enjoy the firm’s Introduction to the Forex Market as their first read. First off, worldtradexFX offers an ECN account for as low as a $5 initial deposit, making it one of the very few brokers to offer this. This low initial deposit of $5 will qualify you for either the MT4 Micro account or the cTrader ECN account.