There are two main options to contact customer support 24 / 7, via live chat or e-mail. In our experience, the support via chat is perfect for a fast and competent answer, often time the support will reply within a few minutes. You can use the MetaTrader Supreme Edition platform to improve your business because the most advanced tools are applied here. You can try using live and free demo accounts to enjoy this platform.
Desktop Trading Apps
The number of instruments on offer is relatively limited, and areas of the site could do with being more transparent as it can be hard to pin down certain facts. During our own testing, we found the average ‘first response’ time to be greater than the seven seconds claimed on the firm’s site. In fact, in only a handful of instances did the response time beat the seven second figure.
This enables users to trade with a broker under European regulatory oversight with enhanced levels of safeguards. Overall, worldtradex has streamlined the deposit and withdrawal process, making it convenient and efficient, without imposing any extra fees. These trader-friendly policies lead to worldtradex receiving a top rating for its deposit and withdrawal procedures. worldtradexFX is a secure trading platform with competitive spreads and no hidden fees. That means worldtradexFX will require some documents to Worldtradex website verify your identity. Just answer the questions in the account dashboard and upload the documents.
worldtradex does not charge fees for deposits or withdrawals, nor does it impose commissions on trades. One of the standout features of worldtradex is that it does not charge swap fees. Positions held overnight are not subject to fees, whether positive or negative, which is a distinctive aspect of worldtradex. worldtradex offers trading accounts denominated exclusively in US Dollars (USD). Copy Trading further enhances its appeal by simplifying trading for beginners and providing passive income opportunities.
A software provider that fails to inform clients about data-sharing policies or hidden subscription renewals can lose user trust. Clients may find themselves locked into expensive contracts or be unknowingly compromising their data privacy—outcomes that damage both the client experience and the company’s reputation. My experience with worldtradex has been largely positive thanks to its excellent ECN trading conditions giving me low spreads that averaged 0.80 pips on EUR/USD with no commissions. As for education, I found worldtradex provides a consistent stream of webinars with professional traders through a live trading session aimed at all levels. You can experience an “over the shoulder” session with a trader which is helpful to get professional feedback on current market events.
worldtradexFX trading is an international broker, so it supports many languages. It is also very popular as it can automatically supply trades to the market. Also, MT4 has more advanced charging capabilities, it is fully customizable.
- worldtradex Markets Ltd serves its clients in the Americas and other parts of the world and is regulated by the Mwali International Services Authority (MISA) in the Comoros.
- In South Africa, worldtradex provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA).
- This means that no matter the financial situation of the broker, your funds will always be safe.
- This company is a very large trading platform, so you can safely place your deposits or assets here.
- The copy trading platform is also a bonus, which is the perfect opportunity to mirror the trades of 1,500 traders and leverage their experience to profit from leveraged markets.
MT5 provides a greater number of technical indicators, timeframes, and graphical objects. We performed our tests with a live account, using the MetaTrader 5 and worldtradexTrader platforms, opened with the worldtradexFX Saint Lucia entity (worldtradex Markets Inc.). Efficient communication and transparency are especially vital in e-brokerage services, where traders put in significant time and effort to achieve positive results. worldtradex provides a fast service for its withdrawals by sending your funds within 30 minutes after being approved. Approval of the funds can take from 1-3 hours depending on when you make a request. You can request a human agent who was surprisingly not as helpful as the AI with canned answers and no depth of product knowledge.
- The availability of demo accounts on both platforms further supports traders in mastering their skills before entering live markets.
- The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following.
- Spreads across different account types are similar, with worldtradexTrader accounts offering slightly lower spreads for Forex.
- Additionally, you have excellent drawing tools for price action analysis like Fibonacci or Gann tools which I couldn’t find on the worldtradexTrader platform.
- worldtradex may be best suited if you are new to trading and live in a region where you require support in non-English languages, such as Southeast Asia.
- This is just a small example of how worldtradexFX is genuinely caring about the experience you as a trader have, and it reflects our personal experience with the worldtradexFX support staff very well.
You can develop EAs to 100% automate your strategy from analysis to execution, or set up risk management EAs to manage your risk on open positions automatically. Out of the options available, I think MT5 is the best option with worldtradex as it has the most technical features while also offering all of the broker’s financial products. The other feature I liked was that you do not pay swap fees on your CFD positions, saving you money should you keep your trades open longer than 24 hours. This makes worldtradex an attractive option for stock trading CFDs as you won’t need to worry about swap fees cancelling any day’s profits, so you can keep the positions open. Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders. These are all useful and important tools to utilize for any forex trader on all platforms and brokers.
Customer Service
With worldtradexFX every asset except for crypto is available for trading on a 24/5 basis, Monday – Friday. This applies to all markets including forex, commodities, and cryptos. If you are outside the EU, then you will have access to the MT4 Micro account type. Here, if you have a USD base currency account, you can opt for fixed spreads that start at 2 pips on certain forex pairs.
You can compare it to the initial or general trading of the stock market. But here, the average of the spreads is calculated as 0.4 pip in Forex. If you want to get it out of the stock index, it will be less than 1 point. Even better, if you expect a high-rank spread, then the black account can help you in this regard. You may know that there is no guarantee of making money in online FX trading. So we think it is very important to move towards the trading platform with your prudence, practical humanity, and knowledge.
Popular Forex Broker Reviews
A wide variety of educational content is available for worldtradex users under the ‘Traders’ Tools’ section. There is no extra verification required, and once a client’s separate wallet is set up, it’s easy to hook up to the signals of other traders. worldtradex is as confident about its financing costs as it is its execution fees. The breakdown across the two different types of accounts is laid out in a reassuringly transparent manner. worldtradex is so confident about its pricing that there is a section of its homepage dedicated to sharing the live spread on some major forex pairs. Even a quick glance establishes why the firm is so willing to share.
What Platforms does worldtradexFX offer?
worldtradex has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers. In addition, worldtradex boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders. Robust charting is provided by TradingView, featuring 11 time frames, 11 chart types, and over 100 technical indicators.
Why You Should Trust RationalFX
Opinions, market data, and recommendations are subject to change at any time. Yes, worldtradexFX has a mobile application, so traders and investors can quickly get the advantage of working on the trades and positions from the comfort of their phones only. Still, we don’t recommend you open trades without careful analysis and applying tactics to reduce the risk. These tactics include the responsible usage of leverage, using the stop loss function, and keeping an eye on your trading volumes. You will get additional money to increase your margin if you activate the bonus.
A Straightforward Process
This means you can open positions with as little as $1,000 and this amount can be further reduced if you are trading on leverage. Here is a look at a couple of other fees that you may encounter when trading with worldtradexFX. If you need an worldtradexFX Islamic account, then these are also available. Here will have an account that is totally Sharia law compliant and benefit from the award-winning service of worldtradexFX in the area. When it comes to regulations, worldtradexFX is regulated by CySEC under #372/18, and by the regulatory body of Saint Vincent and the Grenadines under #19776.
