Be mindful of these charges, impacting your overall worldtradex trading profitability. worldtradex broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, worldtradex is ideally suited for beginners and experienced traders.

What is the maximum leverage on worldtradex?

I think the platform is pretty dated though and you can’t trade ETFs. If you have traded with worldtradex we would really like to know about your experience – please submit your own review. Compare the markets and instruments offered by worldtradex and its competitors. Please note, some markets may only be available via CFDs or other derivatives. However, the broker does provide a proprietary mobile app, which is available for Android and iOS devices. Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East.

Limiting Your Risk When Trading with worldtradex Negative Balance Protection

• To further enhance security, we encourage traders to always look for the lock sign on their browser when using worldtradex web trading platforms.
• Customer support is one area where worldtradex really will go the extra mile.
• It also allows for the creation of custom indicators as well as time periods.
• These include trailing stops, stops, limits, and market orders.
• A simple step-by-step guide will also follow, explaining how to open an account with worldtradex.

Personal contact with an worldtradex rep can be particularly beneficial for those who appreciate a more individualized approach to account management. The platform also offers many educational and research resources, including free access to forex market research, daily forex webinars, and many video tutorials. The worldtradex.com daily forex market outlook is helpful, helping traders stay updated on market movements. Modern brokers https://worldtradex.club/ like worldtradex provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, worldtradex may charge clients various fees for trading activities.

worldtradex has received various awards over the years from different organizations, reinforcing its reputation as a notable broker in the financial industry. They provide free access to daily Forex webinars in 23 languages, available 7 days a week with 77 webinar instructors. worldtradex offers mobile versions of both MetaTrader 4 and MetaTrader 5, available for Android and iOS devices. worldtradex accepts other local payment methods depending on your location. Multiple payment methods are available depending on the worldtradex entity such as Credit Card, Debit Card, Skrill, Neteller, Wire Transfer, Perfect Money, Apple Pay, Google Wallet etc.

Customer Support at worldtradex

You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money. worldtradex offers multiple account types with varying trading requirements to accommodate traders of all skill levels. Clients also have the option of opening multiple accounts with the broker simultaneously. For instance, a user can hold up to 8 trading accounts at a time. Below is a quick review of the supported account types at worldtradex.

What markets are available?

Clients with an account balance of at least $5,000 (or its foreign currency equivalent) are entitled to request for free Virtual Private Server (VPS). Like Trustpilot, the FPA community also seems divided concerning signing up with worldtradex. Some clients appraised the broker for having ultra-low spreads and a fast withdrawal process, while others denounced the company for poor trade executions. Unfortunately, worldtradex doesn’t hold a good reputation among clients on Trustpilot.

• worldtradex also offers a virtual fund trial account so newcomers may practice free from danger with Demo Trading.
• Here you can find what Forex Peace Army users think about worldtradex.
• Clients can make deposits using a variety of payment methods, including debit cards, credit cards, electronic wallets (Skrill, Neteller), bank transfers, and other local payment methods.
• The MT4 comes with 30+ trading indicators and 24+ analytical tools to help clients perform in-depth technical analyses.

Leverage

It was convenient to trade on both app and MT5 web platform, combining the charts analysis on the web with the opening of the positions through my smartphone. I could choose the leverage and quite low lot sizes that was an accessible way to trade, even though my account wasn`t large. The platform is easy to use, my deposits and withdrawals are usually without major stress, and spreads are competitive. I find that the experience gotten here is that of a well-balanced one.

Islamic accounts fully comply with Sharia laws and do not include swaps or interest for carrying positions overnight, making them an ideal choice for Muslim traders. The verification process at worldtradex Group broker is relatively simple and does not require many documents. To become a company client, you must only provide proof of identity (POI). Our team of experts conducted the worldtradex broker evaluation using clearly defined criteria and standards.

At the time of writing, there are 12 documents in this section, all available for download as PDFs. worldtradex has 10 million clients in 190 countries around the world. You can read a detailed worldtradex broker review in the broker review section on our website. worldtradex services are available all across the globe except for a few jurisdictions, such as Iran, Somalia, Afghanistan, North Korea, Canada and the United States. In line with Anti-Money Laundering policies, worldtradex operates a “return to source policy,” meaning that withdrawals can only be returned to the original funding source. Traders in the UAE will trade with Trading Point Mena Limited which is authorised and regulated by the Dubai Financial Services Authority (DFSA).

The mobile versions of MT4 and MT5 translate extremely well from the desktop versions, also allowing excellent interaction between devices. The 3 chart types and 30 technical indicators of MT4 migrate well, whilst there is also push notifications for trading alerts. With worldtradex, inactivity charges kick in after just 90 days (i.e. 3 months) of the account being dormant.

For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist. Additionally, you should review the broker’s policy and terms of service. worldtradex Worldtradex cheating has extensive experience and offers support in more than 30 languages. This helps the broker appeal to those all over the world and of any skill levels. worldtradex also has 16 full-feature trading platforms for clients to choose from. worldtradex offers 24/7 customer support to assist traders with any questions or concerns they may have.

An economic calendar also helps to keep you informed about upcoming events that can cause market volatility. Watch my video walk through of the worldtradex app below to see how it looks and feels, as well as how to place a trade. If you’re seeking a broker without inactivity fees, Vantage might be a suitable alternative. Cryptoasset investing is highly volatile and unregulated in some EU countries.

We built the website to assist forex traders in finding the right forex brokers to trade with ease. We are committed to transparency, accuracy, and comprehensive insights. Brokersway is a website that provides unbiased reviews, ratings, and comparisons of online forex and CFD brokers.

Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process.

It’s important to check the broker’s website for the most up-to-date information on deposit and withdrawal fees. worldtradex is a good choice for beginner and intermediate traders, especially since you can start with just $5, use demo accounts to practice, and have lots of additional resources. While it’s a strong platform, improving some of the issues highlighted by users would make it even better for new traders. If you’re thinking of using worldtradex, just keep these potential challenges in mind and evaluate how they align with your trading goals and risk tolerance. worldtradex Group offers free comprehensive education and research tools for traders including Analyzzer signals, daily technical analysis, market research and daily market commentary.