For example, if the bonus totals USD 400, the client must trade 200 lots to be able to withdraw it. The threshold to access the bonus is high and requires a substantial trading volume. The worldtradex dashboard clearly displays the progress of these lots and the application of the bonus in a detailed manner. Accessing the bonus is a straightforward process and can also be configured automatically. During the account opening process, clients must choose a type of account.
MetaTrader 4 for Windows
This is because you will receive better protection and service from your local regulator should you need to enforce a complaint. However, in my experience with regulators like MAS, they are very professional and helpful so this is by no means a poor regulator. The profile for each trader was more detailed showing profit and loss, drawdown, and copy follower growth which I like to use as a leading indicator of trader performance. You also have a track record of the trader’s order history, giving you a transparent insight into the trader’s performance.
Clients can choose from multiple methods, including bank transfers, credit/debit cards, and popular e-wallets like Skrill and Neteller. Withdrawals are generally processed within 1-3 business days, depending on the selected method. This range of options and fast processing times provide flexibility and efficiency for users, enhancing the overall trading experience with worldtradex while keeping transaction costs low. worldtradexFX, a globally recognized online forex broker, was established in 2011 with its headquarters in St. Vincent and the Grenadines. This diverse portfolio makes it a popular choice among retail and professional traders alike. worldtradex’s ECN account is tailored for high-volume traders who require the tightest spreads and fast execution.
This approach caters to those seeking exposure to cryptocurrencies without the complexities of managing digital wallets or exchanges. worldtradex places great emphasis on maintaining the trust and safety of its clients. Although it is not regulated by top-tier authorities such as the FCA or ASIC, worldtradex adheres to high operational standards to safeguard client funds and ensure security. The broker offers negative balance protection for retail clients, providing an extra layer of financial security.
Ultimately this means you will have access to an extensive range of tools and indicators depending on your platform choice. There are a total of 51 charting indicators provided, and 31 drawing tools also. There may also be a fixed exchange rate in place to benefit you as a trader depending on location. Here the broker makes a special fixed exchange rate of 1 USD to 10,000 IDR available that can help traders combat currency volatility. The only exceptions here may be in the case of your deposit not matching the base currency on your account, you would then have to pay a conversion fee.
How to buy Shares on your Mobile
We can say with confidence then, if you like trading with an ECN broker and are looking for a fast, low-spread environment, worldtradexFX would be a top choice. The variable spreads start from 0.2 – 0.4 pips with a commission already rolled in and no other mark-up to worry about on your MT4 Micro, or MT5 Pro Account. You will also find fixed spreads available on the MT4 Micro account that start from 2 pips.
I prefer seeing a broker regulated by multiple authorities, especially local regulators where clients are accepted such as CySEC. However, I would like to see other Tier-1 regulators like the Australian Securities and Investments Commission (ASIC) or the Monetary Authority of Singapore (MAS). MetaTrader 4 is a great option if you use custom indicators or strategies as it provides the MQL4 library which you can use to create bespoke strategies. If you lack the programming skills, the MetaQuotes Marketplace provides a library of 10,000+ custom indicators from the MT4 community you can use. I find MT4 makes it easy to customise your charts with 9-time frames from day to tick charts and 3 chart types including bar, candlestick and line. This lets you adapt your charts depending on your strategy, whether you use multi-time frame analysis or are a scalper with tick charts you’ll find it easy to switch on MT4.
Additionally, worldtradex keeps client funds in segregated accounts, ensuring that these funds are protected and separate from the company’s own capital. This focus on risk mitigation and security has helped the broker maintain a stable and reliable trading environment for its global clientele. The dashboard, or client portal, provides relevant information and tools regarding the account. Numerous sections focus on customer services related to accounts and administration rather than market-related issues. A status program is offered where clients, based on their deposited funds, can access different levels that provide enhanced services.
It’s trusted by individual investors, introducing brokers, and trading companies. It is flexible enough to implement both simple and highly complex trading strategies. worldtradex offers fast and fee-free withdrawals through a range of methods, including bank transfers and e-wallets. Withdrawals are typically processed within 24 hours, though bank transfers may take a bit longer. While worldtradex does not charge any withdrawal fees, traders should be aware that third-party providers may impose their own charges.
Trading Information
- The MT4 platform offers 30 built-in technical analysis indicators for making calculations based on price movements.
- MetaTrader 4 (MT4) provides robust technology and high security, helping users trade without worrying about the platform’s stability.
- Copy Trading further enhances its appeal by simplifying trading for beginners and providing passive income opportunities.
- worldtradexFX is a global forex and CFD broker that has been providing online trading services since 2011.
The worldtradex Status Program allows traders to unlock various benefits based on their trading account balance. Benefits include lower spreads, faster transfer and withdrawal times, access to personal account experts, and various rewards based on their trading activity. For every standard lot traded, you earn prize lots, which Worldtradex official site can be redeemed for items like T-shirts, gadgets, or even a MacBook. Higher account statuses (Silver, Gold, Platinum) help you earn prize lots faster. To keep your prize lots active, you must trade at least once every 30 days.
- I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform.
- This fee-free deposit structure makes worldtradex an appealing choice for those seeking a cost-effective trading environment, while also offering multiple payment methods to suit different preferences.
- Additionally, worldtradexFX is registered with the Financial Services Authority (FSA) of St. Vincent and the Grenadines, offering a robust multi-jurisdictional regulatory framework.
- worldtradexFX does not charge any fees for withdrawals and also covers any fees imposed by payment systems, allowing traders to withdraw funds without incurring additional costs.
Deposit Options and Fees
worldtradex extends three types of trading accounts to suit diverse user needs – the Micro (MT4), Pro (MT5), and the worldtradexTrader account. All three account types, beneficial for both beginners and professionals, provide fair and competitive conditions. This is a distinct characteristic that avoids surprises, which are mostly negative for traders, especially on certain days when swaps can be doubled. However, the range of available methods for the region where the review was conducted from is not very broad, as transfers and credit cards (debit) are not available.
These platforms provide robust charting and a wide range of order types and enable automated trading. The web-based worldtradexTrader platform is a beginner-friendly and convenient alternative. worldtradex excelled in the category of fees, with tight spreads in CFDs on forex and shares. It also bucks the industry trend by not charging swaps or inactivity fees. For both trading accounts (worldtradexFX MT4 and worldtradexFX MT5), all fees are reflected in the spread – there are no additional commissions charged. The broker offers a selection of 250 CFDs across major asset classes, along with access to MetaTrader 4, MetaTrader 5, and its proprietary worldtradexTrader.
Is worldtradex a market maker?
The broker does not impose any fees for deposits or withdrawals, allowing users to manage their funds without incurring extra costs. However, traders should be mindful of potential third-party charges that may apply depending on the payment provider used. While worldtradex is not regulated by top-tier authorities, it follows international operational standards and provides services to clients in numerous regions worldwide. The broker places a strong emphasis on security by offering features such as negative balance protection, which helps safeguard traders from losing more than their account balance.
Our market analysis service offers the latest currency rates, including EURUSD and GBPUSD, intelligent technical analysis tools, and daily market insights from our experts. Enjoy smooth and convenient trading with user-friendly interface on a fast and stable platform. 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.
The app lets you trade Forex, commodities, and indices with some gorgeous features, such as dealCancellation, which permits users to reverse losing trades within a specified time frame. Due to the low minimum deposit, having a free demo account, and a trading academy, it targets all categories of traders. Known for its competitive spreads and user-friendly interface, JustMarkets caters to beginner and experienced traders. The worldtradex Trading App is a full trading account with excellent tools to manage your worldtradex personal profiles, control real, demo, and contest accounts, and manage deposits.
This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices. Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.
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