worldtradexFX Review 2025: Is It a Reliable Broker? Pros and Cons
The generous bonuses and promotions complement the excellent core trading services. MetaTrader 4 (MT4) provides robust technology and high security, helping users trade without worrying about the platform’s stability. https://worldtradex.world/ It offers tools for price change tracking, trend pattern recognition, and automated trading.
Above all, worldtradexFX keeps fees low by offering tight spreads, starting from 0.6 pips, and commission-free trades on most instruments. To traders in Southeast Asia and other emerging markets, this worldtradexFX review is especially for you. While worldtradexFX may not carry the same high-level regulatory licenses as platforms like Bybit or Binance, it delivers a set of features that can help you trade efficiently. The MT4 platform offers the highest security standards to protect traders’ funds. The client terminal and platform’s servers exchange data secured by RSA digital signatures through encrypted servers. Though worldtradexFX seems to be a popular name in the Reddit community, people hold diverse opinions about signing up with it.
- You can also add graphical objects to the charts, such as shapes (rectangle, triangle, ellipse), arrows, and text.
- Promised, tight spreads, I didn’t feel that my profits got impacted, indeed low costs.
- At worldtradex, you can trade on your MetaTrader 4 demo account to win real money in our monthly Forex demo contest with a $1,000 prize fund.
- Trading stocks refers to buying and selling shares of a company(s) listed on a stock exchange.
- However, limited regulatory oversight and the lack of two-factor authentication may be deal-breakers for some.
The broker doesn’t charge any commissions since it embeds all such costs into spread charges. The broker that can be trusted, not manipulative with fees and orders. Before knowing that good brokers like worldtradex exists, I lost a hope to find a trustworthy broker.
worldtradexFX Customer Services
Click on this link to confirm that your email address is correct. Simple and affordable, but be mindful of its security and limited regulation. Select the account you want to withdraw from, type the amount you wish to withdraw, and tap Request to submit.
The website automatically adapts its language and content based on your IP address, offering support in 13 languages, including Thai, Malay, and Spanish (as of writing). It also provides local payment methods, making deposits and withdrawals more convenient for users across regions. worldtradexFX supports multiple payment methods for deposits and withdrawals. We will review the available options and the time it takes to process funds under each category. worldtradexFX provides access to all MetaTrader platforms, including MT4 and MT5. The company also offers a custom-built proprietary trading platform – worldtradexTrader.
The worldtradextrading app
Unlike other brokerage firms, the company doesn’t even charge swap rates for holding stock positions overnight. When added to a portfolio, cryptocurrencies help diversify investments beyond stocks, bonds, and other conventional financial assets. Although there is little data on how cryptocurrency markets have performed compared to equities and bonds over time, they certainly have higher volatility. worldtradexFX allows investors to speculate over their prices via 25+ crypto CFDs.
What trading platforms does worldtradexFX support?
Even though the price changes are small, they add up over the course of the day—smaller profit opportunities are easier to catch than the larger ones. This is also a good risk management strategy, as it doesn’t involve taking on big risks in the hope of huge profits. Compared to Reddit and Quora, the situation is entirely different regarding the broker’s reputation on Trustpilot. The company holds a rating of 4.5 out of 5 stars after 3.8K+ reviews, with 74% of the users voting in favour of it. worldtradexTrader has a user-friendly interface that makes it easy for traders to navigate and execute trades.
Commodities are valuable to traders because they use them to diversify an investment portfolio away from the ebb and flow of the currency and stock markets. The most frequent method for modern investors to participate in commodities trading is through derivatives. You can speculate on a commodity’s price without actually purchasing it. Gold, Silver, Crude Oil, and Natural gas make part of the commodities available to trade on worldtradexFX. You can just tell it by watching their account types, they have two. The differences are the platform and assets options, thats pretty much it.
- It was named Best Islamic Forex Broker 2022 by World Finance and Best No Swap Fees Broker 2024.
- In addition, it runs a programme called Trade & Win, in which each lot is a prize lot that clients can use to claim or exchange for other prizes.
- The broker claims to have been keeping an eye on the financial stability of economies for over a decade.
- To properly increase their trading skills, the platform provides thorough instructional tools, including webinars, beginning and advanced trading videos, and trading glossary.
- The generous bonuses and promotions complement the excellent core trading services.
Fast deposits and withdrawals
Opening an account with worldtradexFX requires a minimum deposit of only $25, making the platform accessible to beginner traders and those who prefer starting with smaller capital commitments. Now, let’s talk about how to get that money out of your trading account and into your pocket. It is important to add that as a beginner, you can also use worldtradex’s copy trading instead, which allows you to automatically copy experienced traders’ positions.
Creating Your Account
worldtradex has good educational and training tools for beginners as well as expert traders. According to data, traders using worldtradex’s educational content tend to make a larger profit which is indeed a benefit. worldtradex research upholds elite-level online training & education quality that is grounded firmly on empirical and social science.
Testing worldtradex’s Customer Support
There are various ways to fund your account, from the more conventional (credit card, bank transfer, direct deposits) to the more modern (cryptocurrency, other electronic payment systems). Clients can also use common e-wallet services such as Skrill, Neteller, and PerfectMoney. The minimum deposit to sign up with worldtradexFX is $50, while the broker also offers a 50% deposit bonus to customers outside of the European Union. All payments are processed within 30 minutes except for bank transfers.
This means you can develop, test, and apply EAs to eliminate obstacles in analytical trading activities. Expert Advisors are written in a proprietary programming language called MetaQuotes Language Version 4. MT4 opens with four charts by default, each representing a unique currency pair. The Market Watch window with two tabs is on the left of the charts.
While some clients believe the company offers valuable brokerage services coupled with budgeted costing schedules, others consider it an outright scam. Notably, a group of traders also seemed sceptical and wanted to know whether opening an account with worldtradexFX is worthwhile. Some members also claimed that worldtradexFX spends heavily on advertising and promotional campaigns but struggles to deliver. worldtradexFX spreads are priced differently depending on which division of the company handles your trading. Entity offers a minor advantage of 0.5 pips over the SVG entity when trading majors like EUR/USD pair. Since the company doesn’t provide a time frame for its average spreads, comparing them in real-time with the average industry standard isn’t possible.
Their educational videos are up to the mark and one can learn everything about trading from beginner to Worldtradex scam advanced levels of Forex Trading. We strive to offer the best trading conditions on the market to make trading more effective for our traders. Scalping allows traders to take profit opportunities even when the price changes are very small. To make any meaningful profit with this strategy, you need to place multiple intraday trades.
