Worldtradex provides a variety of educational resources aimed at enhancing trading skills. These resources are crucial for developing a solid foundation in trading principles and practices. One negative aspect we encountered while trading with MT4 was that it does not allow for regular partial closes. For example, when we attempted to close 0.3 lots from a position of 0.5 lots, the entire 0.5 lots were closed, and a new position of 0.2 lots was opened instead. However, when we performed the same operation for the same MT4 account from the Worldtradex app, we found that this partial closing was allowed. Internal transfers between different accounts can be done from the dashboard and are nearly instantaneous.
Ultimately, all platforms feature an effective and concise ordering system which accounts for various types of order and position and is very quick to execute. The broker offers its range of services to most countries of the world. The exceptions to this rule are the United States, Belarus, Brazil, Myanmar, Cuba, Cyprus, Iran, Iraq, Kazakhstan, Libya, Niger, North Korea, Russia, Sudan, Syria, and Ukraine. Worldtradex’s mobile trading apps are reliable and well-rated, making it an average choice for investors who prioritize mobile trading. It takes 5 minutes to three hours to complete a withdrawal from WorldtradexFX. Nevertheless, there have been instances where users experienced extended waiting periods for their withdrawals.
Trading tools
You can download the WorldtradexFX app or also trade with WorldtradexFX through the MetaTrader 4 application on the Apple Worldtradex company reviews app store. You are able to make use of a choice for 2 Factor Authentications (2FA) with WorldtradexFX for increased security. If you feel that WorldtradexFX is not right for you then at the bottom of this WorldtradexFX review you will find a lot of alternatives to WorldtradexFX. Of course, there is no sure-fire method to ensure profits; thus, you must carefully analyze your agent before you choose them. It is a common misconception that all brokers are the same, but that’s not true.
No, WorldtradexFX does not offer the option to trade the Volatility 75 Index. WorldtradexFX’s VPS, free for all account holders, provides a secure and dedicated virtual server in a highly secure data center. You can use bank transfers, credit/debit cards, and various e-wallets to deposit funds. Any remaining balance will typically be returned to you using the available withdrawal methods. Before engaging in actual trades or investments, this feature is especially useful for those seeking to increase their proficiency levels through simulated practice.
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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. As an ECN (Electronic Communications Network) broker, Worldtradex delivers tight spreads and fast execution speed by matching your order with the best offer from another trader on the network.
WorldtradexFX is regulated by several decent financial authorities and has a good record in that regard. The broker’s range of forex trading products is limited to MT4, MT5, and WorldtradexTrader but still provides a service to every trading style thanks to the MetaTrader options. I was surprised most by the WorldtradexTrader which is limited in comparison to MetaTrader but offered a unique technical analysis service which impressed me with the expertise of the analysis. Worldtradex offers the basic options when it comes to funding your account through traditional methods and some crypto options. The broker offers reasonable times to process your deposit and withdrawals.
WorldtradexFX provides an exclusive cashback rebate scheme for UAE traders, allowing them to recoup some of their trading costs. MT4, MT5, and WorldtradexTrader users can earn rebates ranging from $4.80 to $8 per lot, regardless of trading results. To use the VPS service, you must have an active account and a minimum deposit of $500. Yes, WorldtradexFX occasionally hosts webinars and offers online courses to help traders improve their trading skills. Yes, WorldtradexFX provides various research tools, including market analysis and real-time charts. The process for using this feature is simple for those who are interested.
How to Open and Close an WorldtradexFX Account
- Worldtradex is an international broker ideal for traders looking to operate under competitive conditions.
- The broker has also undergone significant global growth over the past few years, serving customers across 100 countries and opening up around 300,000 accounts with an impressive daily volume of $4bn.
- We also use different external services like Google Webfonts, Google Maps, and external Video providers.
- At Worldtradex, our mission has always been to create a transparent, reliable, and trader-friendly environment.
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How to Get a Bonus in Worldtradexfx?
Yes, trading through WorldtradexFX is a nice and decent experience indeed. It is a great and intuitive platform with useful features for your ease. Moreover, you could also gain access to a vast collection of educational tools and assistive substance to kickstart your trading expertise.
Deposits made on regular business days (Monday to Friday) will be processed instantly or within 1-3 hours. Meanwhile, deposits made on weekends will be processed the next Monday morning. Dormant accounts are exempt from any charges related to inactivity.
- Through Worldtradex FX, you can access additional perks like autochartist signals, evolving trading conditions, weekend trading with digital assets, copy trading and a wide range of educational materials.
- It provides in-depth research conducted by in-house analysts and access to third-party tools such as AutoChartist.
- WorldtradexFX helps customers to know the basics by using the mobile trading app in the market.
- It allows traders to earn consistent profits by replicating the most profitable strategies available.
What are Worldtradex’s minimum deposit and withdrawal amounts?
The competition recognizes and rewards exceptional traders with cash prizes that can be withdrawn or used for trading, promoting skill development within a secure environment. Finally, a specialized team of security experts and technicians monitors WorldtradexFX’s technical landscape around the clock. Their efforts have strengthened the platform’s security, significantly lowering the risk of data breaches or technical disruptions. At Rationl FX, we prioritize clarity and transparency in all our interactions. Our services are available to everyone free of charge, but we do receive compensation from some of our partners for referring clients to them. Research tools provided by WorldtradexFX include a well-detailed economic calendar which keeps you updated with all significant economic events and how they may impact you.
This could include in-depth technical analysis courses, trading psychology resources, and advanced strategies for seasoned traders. A comprehensive educational offering can help traders at all skill levels succeed. The broker offers multiple communication channels, including live chat, email, and phone support, ensuring that traders’ queries are addressed efficiently. While most feedback is positive, there have been a few instances where users felt the need for more in-depth assistance. This platform is especially useful for Malaysians who wish to hone their trading skills and methods before engaging in live trading. In addition, the demo account invites Malaysian traders to participate in the exciting Champion Demo Contest, which offers the possibility of cash prizes.
Like its predecessor, MT5 remains accessible across desktops and web and mobile platforms. Additionally, WorldtradexFX offers commission-free trading via MT5 for a diverse selection of CFDs such as forex pairs, commodities, stocks from global markets, index funds, and cryptocurrencies. MetaTrader 4 https://worldtradex.site/ (MT4) is a highly popular trading platform renowned for its extensive features.
To Further Develop Copy Trading
This app goes beyond traditional social trading by utilizing an AI-based recommendation system that matches traders with Masters based on their trading style and risk profile. Yes, the platform is designed to be user-friendly, making it appealing to both novice and experienced traders. It offers competitive fees, low spreads, advanced technology and all on a global scale.
New traders might enjoy the firm’s Introduction to the Forex Market as their first read. Even smaller losses like 10 pips can result in an extremely negative impact on an account, making high leverage unsuitable for all traders. WorldtradexFX offers benefits like negative balance protection and no commission and interest charges in the Islamic account. You can access an Islamic account through any provided account type and open your account easily through the broker website. Worldtradex has been providing brokerage services for over 11 years and is constantly increasing the number of its active users. The broker works with a large number of liquidity providers around the world, so his clients receive the best-aggregated prices.