The broker takes advantage of some of its clients being domiciled in regions that still permit promotions, and those clients can benefit from a range of offers. worldtradex gives high priority to https://worldtradex.world/ the ‘Analysis and Education’ section of its site. The ‘Forex Basics/Technical Analysis’ library, for example, contains a step-by-step guide to support traders that are getting into trading.
Where security is top priority
worldtradex holds just one Tier-1 license and one Tier-2 license, resulting in a grade of “Average Risk” within the ForexBrokers.com Trust Score rating system. worldtradex’s market research is well organized and varied in its content. Rather than specializing in any one field, worldtradex provides a wide assortment of content types. However, when compared to research leaders IG, Saxo, and CMC Markets, worldtradex has room to enhance its research offering. For instance, I found that the content on the worldtradex Blog is not updated daily across all categories.
worldtradexTrader Android
In addition to this, worldtradexFx is one of the MetaTrader 4 brokers and also offers the MetaTrader 5 platforms to traders. MT4 and MT5 are the gold standards when it concerns automated trading solutions. To access the full range of the broker’s offerings and functionality, clients can use any of the 3 trading platforms that are available as apps for mobile and on the web.
- This feature gives users the opportunity to automatically copy leading traders and learn different trading strategies from them.
- Choose from the best Masters of Forex and diversify your trading portfolio.
- Founded in 2011, worldtradex (formerly worldtradexFX) is part of a group of global entities, which include worldtradex Markets LTD (based in the island of Mwali) and worldtradex Markets Cyprus Ltd (based in Cyprus).
Whether you’re a novice stepping into trading or a seasoned professional, worldtradexFX delivers the tools and features necessary for success in the dynamic world of financial markets. The broker claims to offer competitive spreads as compared to other forex brokers. worldtradexFx boasts of a spread floating, starting from as low as 0.6pips.
It offers the pricing and execution experience of a no-frills broker but complements this with a range of additional services such as top-quality learning resources and copy trading options. Developed using programming language MQL5, MetaTrader 5 allows Black Box Programming, which makes it a viable choice for developers and users of trading robots. Trading robots are applications used for trade account management. They analyse quotes from financial instruments allowing traders to execute the most profitable trades. Thousands of these indicators can be downloaded for free on the MQL5 code base.
worldtradex Review 2025: Platforms, Apps, Safety, Pros & Cons
To have an worldtradexFX Login ID, account verification, Users need to fill up a regulatory digital form to authorize their email ID. After the form is filled diligently, the user has to email worldtradexFX’s accounts unit to authorize the identification certificate of the country of residence. This authorization procedure is followed as part of the KYC compliance of the country of residence. worldtradexFX offers a variety of deposit and withdrawal methods to accommodate traders worldwide, ensuring transactions are convenient, fast, and cost-effective. Its compliance with international standards demonstrates its commitment to maintaining financial integrity and customer trust. Additionally, their competitions and trading bonusesadd an edge to their brokerage.
Test FREE MetaTrader 4 Demo Account Before Jumping on MetaTrader 5
Check out my picks for the best mobile trading apps in the industry. There is no commission charged on both deposits and withdrawals, MT4 and MT5 commission is included in spreads as mark-up, and no additional fee is applied. NBP — the worldtradex management/trade order system ensures that the client cannot lose more than the initial deposit in their account. Even if a position ‘gaps’ in extreme market conditions, then the client will lose the funds in their account by no more than that. A lot of brokers consider them mutually exclusive, so only offer one, if any at all.
Trading education
MetaTrader 5, or MT5, is a next-gen multi-asset trading platform that will replace MT4 in the very near future. Its back-testing functions are not only faster than those of MT4, but it also allows simultaneous multi-pair testing. No, you can use a web platform or install the worldtradex trading app on your mobile device and trade on a demo account without any limitations.
- The security of your funds – in terms of regulatory protection – will depend on which worldtradex entity holds your account, and which, if any, relevant regulations provide customer protections.
- There’s no question – if worldtradex wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education.
- Clients can initiate a withdrawal by logging into their trading accounts and clicking on the withdrawal option, visible on the homepage.
- We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
- The worldtradexFX Demo Account is essentially a practice account With which users can understand and get familiar with various features of the Forex trading platform before committing real funds.
Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), worldtradex’s lack of additional reputable licenses heavily weighs down its Trust Score. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. Examine the latest Customer Reviews and Comments about the Top Forex Brokers written by real traders and Forex experts on a daily basis.
However, for live account Worldtradex types, clients must complete the KYC process before initiating positions or withdrawals. Below is the step-by-step guideline of registering with the broker via desktop. worldtradexFX offers traders the out-of-the-box MT4/MT5 trading platforms and upgrades the trading experience with the Autochartist Pro plugin.
The video course provides a sound introduction to forex and forex trading, helping beginner traders to grasp things quickly. While the free webinars allows clients to learn from veteran traders one-on-one, at a scheduled time. For articles, a handful exists bordering a wide range of topics ranging from risk management procedures and trading techniques. Clients can initiate a withdrawal by logging into their trading accounts and clicking on the withdrawal option, visible on the homepage.
It is flexible enough to implement both simple and highly complex trading strategies. The platform supports trading in Forex, indices, and cryptocurrencies. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. The number of markets is also different across the platforms, but none of them offers a range of instruments that could in any way be called excessive.
Clients are, however, not allowed to withdraw from their accounts unless the account is verified. Multiple payment options including credit cards, debit cards, Skrill, Neteller and Bank Transfers, make it convenient for clients to fund their accounts using their preferred payment method. The broker also asserts its technical environment is constantly monitored and protected by dedicated teams of technical specialists and security. It has management systems that ensure that clients do not lose more than initially invested. If account balances become negative due to Stop-Out, worldtradexFx compensates the account by adjusting the account balance to zero, ensuring the risk is limited to only deposited funds.
worldtradexFX stands out as a versatile and cost-effective broker, appealing to traders across various experience levels. Established in 2011, it has built a strong reputation for offering competitive trading conditions, robust platforms, and a user-friendly environment. With regulation by CySEC and the Mwali International Services Authority, traders can trust worldtradexFX for secure and compliant operations.