The realm of Forex trading is vast, filled with multiple players, brokers, and a myriad of trading options. Amongst them stands worldtradexFX, a notable name that has been resonating in the corridors of this market for years. For those who’ve frequently asked the question, “Is worldtradexFX a scam or is it legit?”, this comprehensive review seeks to delve deep and provide an answer. Our over 15 years of experience in financial markets and high technical knowledge aid in precise and timely identifications. Our independence from brokers and the companies we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria. worldtradex is an up-and-coming broker that has been in operation for nearly 10 years.
Deposits & Withdrawals
- It said worldtradexFx hired several Indian individuals working in Spain/Russia to operate the trading platform.
- In addition to this, worldtradexFx is one of the MetaTrader 4 brokers and also offers the MetaTrader 5 platforms to traders.
- Enter worldtradexTrader, a platform meticulously designed to align seamlessly with your trading style, ensuring a smooth and intuitive user experience.
- Whether you’re a beginner or a pro, choose between demo, standard, and advanced accounts—each tailored to your skill level and trading goals.
- worldtradexFX is a renowned broker in the Forex industry known for its unique features and offerings.
- That being said, there isn’t much educational content for learning how to trade or understand market dynamics.
Thus, I don’t harbor any reservations against worldtradexFX in this context. Being inclined Worldtradex reviews towards passive investment strategies, my interactions with worldtradexFX’s offerings revolved largely around their copy trading service. While the utility of such a feature can’t be understated, especially for novices seeking to mimic the moves of seasoned traders, it didn’t quite satiate my appetite. Copy trading has its merits, offering a modicum of safety and predictability. Yet, when juxtaposed against investment portfolios and PAMM accounts, its profitability does seem to wane a bit.
Going by customers’ review, worldtradexFx can be said to be unworthy in light of numerous complaints heralding withdrawals, especially on large size accounts. The company’s educational library is well maintained and offers rich learning resources that includes webinars, articles, platform tutorial videos and a video course. In addition, worldtradexFX also keeps user funds distinctfrom that of the company. Thus, it is in compliance with international Forextrading standards.
Whether you are a new or an experienced trader, worldtradexFX’s no-fee policy is a significant advantage today. Unlike many other brokers, we don’t hide behind perplexing fees or concealed commissions. Every trading condition we offer is transparent, ensuring that you can trade with clarity and confidence.
Many users recognize it for its easy-to-use platforms and good trading conditions. Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies. “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning. The training programs are designed based on tools for traders of all levels, from “beginner to advanced.”
If you’re looking to leverage the efficiency of trading bots, worldtradexFX has got you covered. Automated systems like Expert Advisor and cBot can be a game-changer. They operate devoid of emotion, ensuring decisions are calculated and swift. Plus, their focus is unwavering, eliminating the risk of human error. Test these systems’ prowess on our unlimited demo accounts and, once you’re confident, deploy them on your live worldtradexFX trading account for optimal results. worldtradexFX operates under two distinct entities to cater to a diverse clientele.
- worldtradexFX helps its clients by removing commissions and hidden fees.
- In addition to theMT4 features, it provides a far more customizable interface, stop limit orders and native economiccalendar.
- Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
- These typically take 1 day to process or less, though a wire transfer may take longer.
worldtradex Review 2025
Lastly, worldtradex also has an entity regulated in Mauritius, through Uni Fin Invest . To change the leverage on worldtradexFx, users first have to login to their trading account. Set a new leverage by clicking on the leverage ratio in the primary account section, choose preferred new leverage and press the change button to save.
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If you want to open a fixed spread account, worldtradexFX will accommodate you as well, but the fixed spreads will start with a minimum of 2 pips. By contrast, the Pro account only offers variable spreads that start from 0.2 pips. The Pro account is definitely recommended for traders who conduct a large number of trades per day. The ECN account surprisingly has variable spreads that start from 0.0 pips on certain currency pairs. One of the best things about worldtradexFX is its promise of good currency conversion rates.
Choose your trading platform
In the beginning, worldtradexFX started its service by offering the MetaTrader 4 platform and till today, the Micro account comes equipped with this popular trading software. However, worldtradexFX has acquired a license from MetaQuote to offer the latest version of the software, MetaTrader 5 for its Pro accounts. For a true ECN experience, however, the company has acquired a license for cTrader from Cyprus based Spotware. By operating segregated bank accounts for client deposits, worldtradexFX ensures the safety of client funds. In the event that the company runs into financial trouble, clients can always claim their funds from the deposit institution and will not have to worry about the solvency of worldtradexFX. While worldtradexFX claim that it uses tier-1 banks for client deposits, we could not find the actual names of the banks on any of its publications.
Switch devices, manage orders on the go, analyse markets with AI, and share your opinion with the community. Despite this lack of regulatory oversight, worldtradexFX still does not offer trading services to U.S clients. We found the trading requirement to be too high, but if you are a frequent trader, you can become eligible for the 50% bonus on your deposits in a reasonable time. worldtradexFX is currently running a 50% deposit bonus for all old and new customers. However, to become eligible for the 50% deposit bonus, worldtradexFX requires clients to trade half the number of lots for each dollar of the bonus.
worldtradexFX, a renowned broker in the industry, offers competitive trading conditions with its low spreads and minimal commission structures. Elevate your trading game with worldtradexFX as we simplify commodities trading for you. Delve into the intriguing world of gold, silver, crude oil, and a spectrum of other commodities with our expert assistance. Commodities represent tangible assets you can trade, encompassing metals like gold, silver, platinum, and copper, as well as energy resources such as crude oil and natural gas. The allure of commodities for traders lies in their limited correlation to the volatile swings of currencies and the stock market.
Key Features of Our Protection:
worldtradexFX provides low withdrawal limits and quick processing, making fund management convenient for traders worldwide. Choosing worldtradexFX for index trading is synonymous with choosing efficiency, transparency, and profitability. Embrace the world of indices with us and redefine your trading experience. Choose the account that aligns with your trading style and preferences. Whether you’re a tech-savvy trader or someone who likes to stick to tried-and-true methods, worldtradexFX has got you covered. Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives.
For example, by choosing one of nine different timeframes (including one minute, five minutes, one hour, daily, weekly, monthly, and more). You can also add graphical objects to the charts, such as shapes (rectangle, triangle, ellipse), arrows, and text. Research tools provided by worldtradexFX include a well-detailed economic calendar which keeps you updated with all significant economic events and how they may impact you. Should you need it though, the customer service team is available through live chat, phone, and email to deal efficiently with any problems that may arise. You can access strategies to follow through the community forums and program your own with MQL5 and C# fully supported.
We will review some of the trading tools offered on the mobile trading app below. Picking the right forex trading app can really impact your trading experience whether you’re placing your very first trade or managing multiple positions on the go. There’s no perfect one-size-fits-all app, so it’s all about finding what works best for your trading style, experience, and the features that matter most to you. Take your time, explore the forex trading apps we’ve mentioned, and try out a few with demo accounts before jumping in with real trades.
Forex trading requires knowledge, experience, and risk management skills. The main participants in the Forex market are financial institutions, including banks, hedge funds, and multinational corporations. Filippo Ucchino created InvestinGoal, a comparison site and educational portal for the online trading and investing industry. Through InvestinGoal, Ucchino helps users navigate the world of online investing and trading by providing trading guides, best brokers rankings, broker reviews, and broker comparisons. Managing risk is of course a vital element for any forex trader and broker combination.
Based on our research, we have assigned the following ratings to worldtradexFX. SMB Capital, a proprietary trading firm founded by Mike Bellafiore and Steve Spencer, often shares insights into their trading strategies via books, blog posts, and YouTube videos. The margin calculator will then display the required margin for your trade. You can use this information to ensure that you have enough funds in your account to cover potential losses. For those seeking a cost-efficient and transparent broker, worldtradexFX sets itself apart by prioritizing its clients’ financial interests. The Cyprus Securities and Exchange Commission (CySEC) regulates worldtradexFX.
Whether you reside in India, Indonesia, or Pakistan, worldtradexFX ensures that traders are equipped with daily expert trading advice and educational insights. For those keen on learning, worldtradexFX’s regular webinars, conducted in collaboration with industry stalwarts, offer an invaluable resource. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. This Plus500 review will equip you with all the information you’ll need about the broker’s different instruments, account types, payment methods, and much more.