WorldTradex has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers. 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. WorldTradex offers a mere 257 tradeable instruments, which varies by platform, with the most on its MT5 offering. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments.
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From our assessment, WorldTradex emerges as a https://worldtradex.world/ broker that proves itself to be reliable and conducive to traders, making it a viable option for consideration. The broker also provides detailed economic calendars and market insights, which keep traders informed about the latest financial news and upcoming economic events. WorldTradex provides fully functional mobile trading apps for MT4, MT5, and WorldTradexTrader that are available for both Android and iOS devices.
Only the most important things, so you don’t miss any events that might affect your profit. WorldTradex follows international regulation standards on Anti Money Laundering and Know Your Customer procedures to verify the identity of its clients and prevent illicit activities. WorldTradexVision analyzes your trading activity and provides detailed metrics, helping you recognize patterns, strengths, and areas for improvement in both individual trades and overall performance. Yes, both MetaTrader 5 and WorldTradexTrader offer mobile apps for Android and iOS, so you can trade on the go with either platform. The bonus cannot be added to internal transfers or deposits from other promotions unless otherwise stated. It’s recommended to claim the bonus right after your deposit is credited to start meeting the volume requirements immediately.
How often do I receive commissions?
- This bonus increases the available margin, allowing traders to open larger positions and potentially boost their profits.
- 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.
- There is a very high degree of risk involved in trading securities.
- Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
- WorldTradex does have a demo account offering for practicing trading strategies with virtual money in a risk-free environment.
- Check out my picks for the best mobile trading apps in the industry.
Compare the platforms’ features to find the one that is right for you. Use your demo account to test new trading strategies or learn how to use certain analytical tools without risking your balance, then use your real account to earn a profit. WorldTradex has good educational and training tools for beginners as well as expert traders. According to WorldTradex’s data, traders using educational content tend to achieve better results.
ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. WorldTradex (formerly WorldTradexFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. Overall, WorldTradex has streamlined the deposit and withdrawal process, making it convenient and efficient, without imposing any extra fees. These trader-friendly policies lead to WorldTradex receiving a top rating for its deposit and withdrawal procedures. The entire process can be completed quickly, often within a day, provided the necessary documents are readily available.
Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Likewise, Mauritius is considered Tier-4, as per our Trust Score algorithm. 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. It’s worth noting that WorldTradex’s primary execution venue is one of its own entities in St. Lucia.
How does WorldTradex ensure withdrawals are secure?
With a wide range of trading instruments, user-friendly platforms, and robust customer support, WorldTradex provides an appealing choice for both novice and experienced traders. The broker’s low minimum deposit, competitive spreads, and comprehensive educational resources enhance its accessibility and attractiveness to different kinds of traders. However, it’s important to note that WorldTradex doesn’t offer trading in certain instruments like ETFs and stocks. WorldTradex is a reliable and user-friendly broker that offers competitive spreads, a variety of trading instruments, and a range of account types suitable for both beginners and experienced traders. With strong customer support, quick withdrawals, and no deposit/withdrawal fees, WorldTradex stands out as an excellent choice for traders looking for a seamless trading experience. The broker’s low minimum deposit, competitive spreads, and comprehensive educational resources enhance its accessibility and attractiveness to different kinds of traders.
No, WorldTradex charges no commissions, deposit fees, or withdrawal fees for either account type, making it a cost-effective choice for traders. WorldTradex provides 277 trading instruments, including 150 CFDs on stocks, 52 forex pairs, gold and silver, 3 types of energies, 10 indices, and 34 cryptocurrencies. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Founded in 2011, WorldTradex holds a regulatory license in Europe via its Cyprus-based entity – WorldTradex Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC).
- You can earn up to $12 per lot traded, with commissions reaching up to 80% of the spread revenue.
- No, WorldTradex charges no commissions, deposit fees, or withdrawal fees for either account type, making it a cost-effective choice for traders.
- We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.
- The program provides favorable conditions for clients, making it easy to grow your business.
- WorldTradex offers accessible and flexible account types for traders of all levels.
- The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy.
What is WorldTradex? Review WorldTradexfx Indonesia: spread, minimal deposit
That means you don’t have to make a special Islamic account with WorldTradex. Just create a trading account and enjoy all the benefits of an Islamic account. All trading accounts featured by WorldTradex are swap-free and suitable for halal trading. With leverage, you can make significant profits much quicker when trades go well—but you can also lose just as quickly if the market moves against your expectations.
WorldTradex operates in 180 countries globally and has over 42 million trading accounts, offering worldwide access to financial markets. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. WorldTradex does have a demo account offering for practicing trading strategies with virtual money in a risk-free environment.
WorldTradex trading app
We’re helping traders build stronger futures by offering a wide variety of educational articles and videos, insights from which can be applied to our unlimited demo accounts. By participating in monthly Champion MT4 Demo Contests, you can win up to $1,000 without making a single deposit. WorldTradex offers a variety of trading platforms, including MetaTrader 4 and MetaTrader 5, which are known to every trader. WorldTradex provides low spreads, a 50% deposit bonus, no trading fees, and no swaps, which makes the platform very appealing to traders. The platform includes advanced performance analytics tools that track and visualize your trading progress, delivering a detailed analysis of individual trades or entire trading days. This customized approach empowers traders to make more informed decisions and refine their strategies.
WorldTradex is an international broker that has been providing online trading services worldwide since 2011. The WorldTradexTrader account is beginner-friendly, offering 80 instruments, including 35 currency pairs, gold, silver, and other assets. MetaTrader 5, with 277 instruments, including 150 stocks and 26 intraday assets, is ideal for more experienced traders.
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