Yeah, they are not perfct and i have lost some trades, but i’m still in profits and can’t complain. It has several entities around the world and provides services by industry standards. The dashboard includes a “Monitoring” area where users can view and share their performance, charts, profits, orders, and history with others.
- This regulation does not provide significant protection for consumers.
- worldtradex offers services through Orinoco Capital (Pty) Ltd, primarily for clients located in Africa.
- worldtradex does a commendable job of offering educational and research materials to its users, though room for improvement and expansion still exists compared to some industry leaders.
- To enable multiple withdrawal methods, a new deposit using a different method is required.
- With the mobile worldtradex app, you can manage all accounts without downloading MT4 and MT5 on your phone.
It offers high leverage, a diverse range of instruments, and user-friendly trading platforms. In addition, worldtradex provides extra services to its clients, including educational content, relevant information, bonuses, and customer support, which are readily available to resolve any issues. One key factor distinguishing worldtradex is that it does not charge swaps. 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 best suited for both beginner and intermediate traders due to its easy-to-use platform, educational resources, and low minimum deposit requirement. The broker provides comprehensive trading tools and features that traders can leverage to optimize their trading strategies. Additionally, worldtradex offers impressive customer support to assuage any potential challenges traders might face. At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying.
Versatile Tools for Every Trader
Using worldtradex allows clients to trade in micro and mini lots on its platforms, which is particularly beneficial for new traders or those seeking a more cautious approach in their risk-management strategy. We made the deposit through Tether via the TRC20 network, which has the lowest fees. In this case, the network charges 1 USDT, and worldtradex does not impose any additional fees. While there is no minimum deposit from the virtual wallet, worldtradex advises that the minimum deposit using this method is 50 USDT.
Your safe space for trading
worldtradex offers access to multiple robust trading platforms, which include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and worldtradexTrader. worldtradex extends three types of trading accounts to suit diverse user needs – the Micro (MT4), Pro Worldtradex forex brokers reviews (MT5), and the worldtradexTrader account. All three account types, beneficial for both beginners and professionals, provide fair and competitive conditions.
Cryptocurrency trading launched
In this review, the FXStreet team presents an independent and comprehensive analysis of worldtradex, grounded in direct testing and real user experiences. https://worldtradex.online/ As a leading financial media outlet, our editorial content is driven by rigorous research and data-driven insights, all free from external influence. This assessment delivers a transparent evaluation of worldtradex’s trading conditions, tools, support, regulatory standing, and overall suitability for traders. Withdrawals must be made using the same methods as deposits, meaning all available deposit methods can also be used for withdrawals. To enable multiple withdrawal methods, a new deposit using a different method is required. The processing time can vary from 30 minutes to three business days, depending on the method and conditions.
“Trusted services”
The 50% bonus is more applicable to experienced traders or those confident in a long-term relationship with the broker. worldtradex offers negative balance protection, which means that if a market slippage results in a negative balance, worldtradex will adjust the balance to zero. This feature ensures that traders cannot lose more than their initial investment. This allows less experienced traders to learn from and imitate the trading strategies of successful traders.
Residents of the European Union receive the highest level of regulatory protection, as worldtradex Markets Cyprus Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC). However, this stricter regulation limits clients’ access to higher leverage levels. However, it does not provide Percentage Allocation Management Module (PAMM) accounts or Multi-Account Manager (MAM) services.
Mobile Trading Apps
Less than 30 minutes later, the withdrawal was successfully completed, with the amount credited to our cryptocurrency wallet. The amount experienced a slight deduction due to conversion fees, but no additional charges were applied. 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.
- It offers high leverage, a diverse range of instruments, and user-friendly trading platforms.
- The amount experienced a slight deduction due to conversion fees, but no additional charges were applied.
- 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.
During certain events, worldtradex offers a bonus where you can claim up to a 100% deposit bonus. During the account opening process, clients must choose a type of account. However, once the process is completed, they can easily add additional accounts with just one click. Incorporated into the spread, offering cost-effective trading for CFDs.
New instruments: XRPUSD and BCHUSD
However, it’s important to note that worldtradex does not currently offer trading in stocks, ETFs, futures, bonds, or options. Forex trading is a major focus, with over 52 currency pairs available, encompassing major, minor, and some exotic pairs. worldtradex offers a broad spectrum of tradable instruments to cater to different trading interests and strategies, though it doesn’t include all potential asset classes.
worldtradex also provides services through Uni Fin Invest, which is based in Mauritius and operates under the regulation of the Financial Services Commission (FSC) of Mauritius. Uni Fin Invest holds an Investment Dealer licence (Full Service Dealer, excluding Underwriting). 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. In our review, the execution quality was positive across all accounts.
worldtradex does not provide services to citizens of the United States (US) and residents of Canada, Spain, Belgium, India, Iran, Myanmar, North Korea, Pakistan, the Philippines, the United Kingdom, and the US. worldtradex handles customer queries through multiple channels including a live chat function, email, and phone support. worldtradex offers platform versions for both Windows and Mac desktops. worldtradex offers attractive pricing, with clear and understandable fees. With this knowledge, we created our platform to help you make money through smart and well-controlled investments.