Traders can get three non-withdrawable bonuses, the 100% Supercharger bonus, the 40% Takeoff bonus limited to $4,000, and the 20% Welcome bonus capped at $2,000. Terms and conditions apply, and I highly recommend traders read and understand them before accepting any incentive. The most ignored trading costs are swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.
People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Companies on Trustpilot can’t offer incentives or pay to hide any reviews. Worldtradex notes 24/5 customer support in 30+ languages, but I only came across e-mail support during my review. The FAQ section left me unsatisfied and searching for answers elsewhere. Live chat is supposed to exist, but I could not find it.
- Additionally, clients have access to over 140 stock CFDs from well-known companies listed in the US, UK, and EU markets.
- This was a holding fact in my lower timeframes concentrated setups that were executed by the market.Aside from this, there are no major drawbacks about the broker.
- MT4 platform with all my love toward you, this should be replaced by at least its newer 5 version.
- We disclose any potential conflicts of interest and maintain objectivity throughout our review process.
“Loyal customer here”
Worldtradex is regulated and authorized by the Seychelles Financial Services Authority (FSA) which ensures that Worldtradex complies with all applicable laws and regulations. Client funds are kept in segregated accounts in top-tier banks, and the broker also implements the latest encryption technology to protect clients’ personal and financial data. The first time I saw the site I actually fell in love with the user interface and design, it’s very easy to use and navigate. The trading academy has everything that I needed to be knowledgeable and informed on the kind of assets to trade_- I chose forex pairs and sometimes dabble in precious metals. Also the trade copier works very well and it helps you to make money while spending less time on learning strategies and all that.
Traders can browse the 25,000+ custom indicators, plugins, and EAs available for MT4, but the quality upgrades are not free. I am missing an introduction to the proprietary options, as Worldtradex does not list any features and only notes how to access or obtain them. Our reviews cover Worldtradex reviews a broad spectrum of factors, including regulatory compliance, asset diversity, trading conditions, and user experience. By considering the needs of both novice and professional traders, we deliver well-rounded evaluations that highlight both the strengths and areas for improvement for each broker.
“My honestl user experience”
Hi Katherine,Thank you for taking the time to share your thoughts with us. We’re always looking for ways to improve our educational offerings, and your feedback is invaluable. If there’s anything specific you’d like to see in our educational materials, please don’t hesitate to reach out. Dear muhammed ,Thank you for taking the time to share your thoughts!
Hello Nguyen Vanmin,Thank you so much for taking the time to leave this review. We’re thrilled to hear that our support team was able to help you out with your inquiry. We appreciate your feedback and will make https://worldtradex.world/ sure to share it with the rest of the team.
Trading Platforms
Whether you’re into forex, metals, futures, commodities, shares, or indices, Worldtradex has got you covered. Please note that trading leveraged products carries a significant risk of losing all your invested capital. It is crucial to only trade with money you can afford to lose. MarketBulls does not offer financial advice, and all content is for informational purposes only.
Worldtradex Supported markets vs top competitors
Worldtradex operates as a Straight-Through Processing (STP) broker without a dealing desk. Client orders are routed to the broker’s pool of liquidity providers, where they are filled at the best possible price. The MetaTrader app stands out for its convenience, making it an essential tool for adjusting trades, especially during periods of heightened volatility. However, I consider it cumbersome and not the best choice for analyzing price action.
I reviewed Worldtradex’s legal documents and found everything to be in order. The Client Agreement is readily available, and all relevant information is presented clearly. Brokers operate multiple entities globally, but regulatory protections vary. Some regulators enforce stricter financial standards than others, so traders should understand the safety measures of the entity they choose to open an account with. On the other hand, I assessed that spreads on a Standard Worldtradex account exceed the industry average, and it does not offer a raw spread trading account. I deposited money and was contacted by several people, G seemed to be interested and seemed to be helpful but after I didn’t deposit more, he basically booted my account.
- These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency.
- Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders.
- Two weeks later, I contact them and they said I was on my own.
- The combination of low spreads and reasonable commissions ensures that traders can manage their costs effectively while taking advantage of market opportunities.
- The chart screen is undeniably one of the most crucial features of a trading platform.
Worldtradex has regulatory oversight from the FSA in Seychelles, segregates client deposits from corporate accounts, offers negative balance protection, and has a clean track record. The minimum deposit at Worldtradex is $50 but may be higher for the more sophisticated account types. Since the trading fees decrease significantly, traders may have to deposit more to access cheaper costs. Traders may choose from three account types, where the only visible difference is a difference in trading fees.
Worldtradex offers three retail trading accounts with a minimum deposit of $50. The available base currencies include EUR, USD, and GBP. Swap-free trading is available via Worldtradex’s Islamic accounts. In my opinion, MT4 is best suited for automated trading via Expert Advisors (EAs). The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak the parameters of their strategies so that they can be used under different market conditions.
Worldtradex Account Opening Process
I found the materials to be well-structured and highly detailed, exploring fundamental trading concepts from multiple perspectives. This layered approach provides learners with a comprehensive and well-rounded understanding of essential trading principles. A key advantage of trading CFDs is the ability to enter and exit the market almost instantly, enabling traders to capitalize on even minor price fluctuations in the derivative. MetaTrader 4 is a good option for fast and simple order execution.
Besides its trading instruments and platform, Worldtradex also provides clients with access to Trading Central, a well-regarded market research and analysis service. This integration gives traders access to technical indicators, trade ideas, market insights, and more, helping both beginners and advanced users make better trading decisions. Worldtradex has also invested in lots of educational tools, offering free forex ebooks, podcasts, videos, and webinars aimed at improving trader knowledge and skills. Despite its recent inception, Worldtradex has quickly gained recognition for its wide range of trading instruments, competitive pricing, and user-friendly platforms. The broker’s rapid growth and positive reputation are testaments to its commitment to offering a reliable and transparent trading environment.
Always factor in these costs when planning your trades. No matter which account you choose, you’ll have access to over 300 tradable instruments across six asset classes. Plus, you’ll be trading on the industry-leading MetaTrader 4 platform, known for its fast execution and robust features. This Forex broker brings a lot to the table, catering to traders of all stripes.
