If you are not interested in trading on your own, consider worldtradex’ copy trading platform, which allows for passive income by copying the trades of other traders in real-time. You need to undergo identity verification for full-fledged work with a live account. This requirement of financial regulators applies to all legal brokers, including worldtradex. Investors who prefer not to engage in independent trading can achieve good profits by copying the trades of successful traders. Portfolio creation is time-efficient and provides an opportunity for passive income. worldtradex is a full-service broker in the Forex market, offering a comprehensive range of services.
Depositing Funds
I like the worldtradex trading environment for its low trading fees in its ECN account, VPS hosting, volume-based rebates, and cutting-edge trading infrastructure. The research section ranks among the best industry-wide, and Autochartist is also available. worldtradex presents a secure and trustworthy trading environment, and I appreciate its transparency and client protection. Over the past 16 years, worldtradex became one of the most competitive Forex brokers. I highly recommend it to all traders, particularly algorithmic and high-volume traders.
What is the maximum leverage on worldtradex?
In our review of worldtradex, we applied our methodology specifically designed to ensure accuracy, transparency, and depth of analysis. Terms and conditions apply, and I recommend traders read and understand them before requesting any bonus or promotion. Besides research from Autochartist, worldtradex publishes quality in-house research with actionable trading recommendations. It also maintains a Telegram signal service and explains its trades well. I rate the well-structured worldtradex research section among the best in the industry in quality and quantity. I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations.
Trading
- It enables independent trading and investing funds in copy trading with equal success.
- Furthermore, worldtradex has a particular Telegram bot for customer support, which reflects the broker’s endeavor to keep up with the times and use modern communication methods.
- This is the latest version of the program, which is most user-friendly.
- These platforms are ideally suited for Forex trading and are equally convenient for beginners and experienced traders.
- In the overall AppStore rating, the worldtradex app received 4.9 out of 5 possible points, based on 847 reviews.
- Still, the overall approach to customer support remains excellent.
Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations. worldtradex is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of worldtradex’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017. Furthermore, worldtradex has a particular Telegram bot for customer support, which reflects the broker’s endeavor to keep up with the times and use modern communication methods.
- Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-based ECN account.
- Building a portfolio is time-efficient and offers the possibility of passive income.
- For ECN-type accounts, the minimum deposit is slightly higher and is $200, €200, or ₽14,000.
- The swift worldtradex online account application takes less than 30 seconds to complete and asks for a name, e-mail, phone number, and desired trading platform.
- I like its focus on trading strategies, but I need critical educational material.
- Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
Christmas and New Year Holidays Trade Schedule, December 23, 2024 – January 2, 2025
Yes, worldtradex https://worldtradex.pro/ offers a demo account, allowing traders to practice and familiarize themselves with the platform without risking real money. Investors who are not keen on engaging in independent trading can still achieve significant profits by copying the trades of successful traders. Building a portfolio is time-efficient and offers the possibility of passive income. The leverage worldtradex offers varies based on the account type, balance of funds, and the trading instrument. The table outlines the maximum leverage available depending on the trading instrument. If you’re not ready for live trading, it is advisable to try a demo account.
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To withdraw money from worldtradex, log in to your account, go to the withdrawal section, select your preferred withdrawal method, and follow the instructions. The company’s office is in the Cook Islands, where phone support is provided during working hours. worldtradex offers limited educational materials, which include a Blog and an FAQ (Frequently Asked Questions) section. Spreads vary depending on the account type and the chosen instrument.
Trading Fees
It allows you to trade with virtual money, quotes, and trading conditions like a live account. The minimum deposit is the amount you need to deposit into your trading account to start trading with the broker. In worldtradex, the minimum contributions for different types of accounts vary. Traders get the MT4/MT5 trading platforms as customizable desktop clients, lightweight web-based alternatives, and user-friendly mobile apps. I like the worldtradex trading fees in the ECN account and multi-tier leverage system.