These apps allow traders to manage their accounts and execute trades on the go with full access to MT4 and MT5`s features. Still, I feel that worldtradex could become a more attractive forex broker by expanding the range of tools it supports. One excellent addition would be copy trading, allowing rookie traders to mirror and learn from more experienced peers, who can earn commissions from copiers. These mobile applications allow traders to connect to their worldtradex’s trading accounts, analyze charts, manage trades, and apply technical indicators — all from smartphones or tablets. The apps are intuitive, fast, and offer full trading capability on the go. The MetaTrader 4 and MetaTrader 5 mobile apps offer complete, fully featured trading platforms for Android and iOS devices.
Green Forex: Trading for Profit and the Planet
However, due to European regulations, this bonus is not available for clients from the EEA. The online broker covers a range of important topics including guides on foundational information for the forex market that all beginners should read. Clients can also download a range of ebook PDFs for free that go into further detail on strategizing and online trading.
In fact at worldtradex we believe this ECN account is not basic at all. It is one of the most advanced trading accounts, packed full of features and benefits, currently available in the forex industry. Traded here for a while initially on demo, then traded couple of months on a live account. Everything was okay, yeah sometimes I made fatal mistakes, but as I learned, traders should never give up, so do I. For example, the EUR/USD currency pair is the most liquid currency pair in the forex market, so it generally has the tightest dealing spread.
- The broker supports the popular MetaTrader 4 trading platform with multiple terminal capabilities and a multi-account manager.
- This platform provides full trading functionality, charting tools, and technical analysis capabilities essential for both beginner and advanced traders.
- This account features spreads starting from 0 with no trading commissions, providing a cost-effective trading environment.
- MetaTrader 4 and MetaTrader 5 are a series of advanced trading platforms designed by MetaQuotes Software Corporation a software development company established in 2000.
- Crypto withdrawals are also quick as you can expect funds to be transferred within just 15 minutes.
worldtradex vs. Competitors
On the downside, worldtradex’s high fees for most withdrawal methods are a disadvantage. The $30 – $45 charges are way above brokers such as eToro, which only charges $5, and many brokers we evaluate that offer free withdrawals. Islamic traders will also be pleased that a swap-free account is available upon request. A newsletter built for market enthusiasts by market enthusiasts.
Fast and Friendly Support
The broker supports the popular MetaTrader 4 trading platform with multiple terminal capabilities and a multi-account manager. You can also access the worldtradex MT4 platforms on Android and iOS smartphones and tablets. worldtradex employs an electronic communications network/straight-through processing (ECN/STP) model, so you get tight forex dealing spreads from top Interbank liquidity providers. Additionally, the broker provides several specialized accounts, including demo accounts for practice trading, Islamic accounts adhering to Sharia principles, and managed accounts for those preferring expert guidance.
Beginners will appreciate the straightforward pricing model with zero-commission trading, while experienced traders will rate the tight spreads with no restrictions on trading strategies. The levels of complexity and sophistication that traders can develop to suit their individual trading styles and strategies, through the full range of features available on the MetaTrader platforms, remain unmatched in the industry. At the same time, both platforms are remarkably user-friendly, making them accessible even to relatively new and inexperienced traders. worldtradex provides assistance to trading clients via its 24 hour Monday through Friday multilingual customer support service that features dedicated account managers. The broker also has a live chat service and an online form you can fill out, as well as a support email address, fax and phone number. In addition, worldtradex maintains active social media profiles on Facebook, Twitter, LinkedIn and other networks.
Tight dealing spreads lower your overall trading costs and can significantly improve your trading results, especially if you are an active trader. worldtradex has unusually competitive dealing spreads that you can gauge by opening a free demo account. The broker uses an electronic communications network (ECN) and straight through processing (STP) model, which provides competitive exchange rates and real time streaming directly from top multibank liquidity providers. This type of trading model levels the playing field with more transparency and a greater degree of control over your trades.
worldtradex utilizes two-factor authentication (2FA) to prevent fraud and secure accounts, adding an essential layer of protection for all users. Furthermore, the broker ensures that client funds are stored in Tier 1 banks, safeguarding these assets from potential risks. This commitment to security helps to instill confidence in traders who seek reliability and transparency.
Crypto withdrawals are also quick as you can expect funds to be transferred within just 15 minutes. However, bank cards and wire transfers take up to five working days. worldtradex could offer more in terms of trading tools and reduce or eliminate its withdrawal fees, but these are minor complaints. I find worldtradex’s in-house forex market hours tool a handy way to check holidays and other events that could impact trading hours. I do feel slightly let down that the worldtradex demo mode is limited to 30 days, but I found that you can simply open another demo account after the first one expires.
- The apps are intuitive, fast, and offer full trading capability on the go.
- It is one of the most advanced trading accounts, packed full of features and benefits, currently available in the forex industry.
- I rate worldtradex’s customer service as top-notch in terms of responsiveness and speed.
- Ryan Peterson is a seasoned personal finance writer with a Bachelor’s Degree in Business from Indiana University.
I am satisfied with worldtradex’s forex research offering, which includes a blog with regular articles and posts highlighting promising opportunities as well as general tips on trading. We are also disappointed with worldtradex’s monthly inactivity fee of $5, imposed when your account is not funded or you execute no trades over a period of 120 days. While this type of fee is not unusual, worldtradex imposes it after a relatively short period of time, especially compared with OANDA, which only charges its $10 inactivity penalty after 12 months.
Can You Make Money Trading Forex With worldtradex?
Keep reading our worldtradex review to find out if this broker would be appropriate for your needs. With fast processing times and no deposit fees, worldtradex makes it easy for traders to manage their funds efficiently. On the negative side, there is a slim selection of trading platforms with access to MetaTrader 4 (MT4) only. Our team is also disappointed by the withdrawal fees and weak regulatory oversight through the offshore branch. Our ECN XL account has all the features and benefits you would expect and demand from an ECN/STP broker who has always been right at the cutting edge of industry development.
Trading Hours
In addition to this, worldtradex also offers the possibility to use the extended security algorithms of Public Key Cryptography. Information secured in this fashion is virtually impossible to hack in any short amount of time. ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. Before making any trading related decision, contact a local professional financial advisor.
ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. This makes the broker a worthwhile option for serious forex traders who will also enjoy the VPS service and MT4 support. I particularly enjoy the daily market analysis provided by in-house experts and the morning roll call, though I do feel worldtradex can improve its research by introducing regular live streams with experts and real-time trading sessions. worldtradex’s stop-out kicks in when your margin level drops to 50% or lower.
worldtradex uses state-of-the-art Secure Sockets Layer (SSL) network security protocol to keep client private information safe. Furthermore, all client funds are held in accounts with major international banks and kept segregated from worldtradex corporate accounts. Novice traders should have little difficulty finding online assistance about how to operate the MT4 platform and use it to their advantage.
Perhaps, it’s one of the most significant characteristics for traders. It’s a good broker for intraday trading because trading conditions allow to earn on every move. I can picture my collaboration with the broker is Worldtradex scammers mostly positive for me. There were some hitches in my trading here but I attribute it to my lack of experience and the fact that for the last time I was impressed by economic news. MetaTrader 4 includes all the trading functions the modern forex trader needs.