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. Due to that, we highly recommend worldtradexFX as a great place to copy trade but caution you to remember that due to a limited number of assets, your portfolios can be less diversified. This can result in comparatively bigger movements than a well-diversified holding so is something to keep in mind.
worldtradex platform
Moreover, the support representatives are trained to address both technical and account-related queries effectively. With timely follow-ups and a commitment to your satisfaction, you can feel confident that any concerns you have will be met with thorough attention and expertise. Additionally, be aware of inactivity fees if your account remains dormant for an extended period. Understanding these factors can help you make informed decisions and maximize your trading returns. Its worldtradexFX.eu arm is regulated by CySec (Cyprus Securities and Exchange Commission) and has offices worldwide.
- This is $50 minimum deposit within the EU with the account being available worldwide.
- I was surprised most by the worldtradexTrader which is limited in comparison to MetaTrader but offered a unique technical analysis service which impressed me with the expertise of the analysis.
- In the case of bank transfers, all requests are processed within 1–3 hours during the working time of the broker’s financial department.
- Through the mobile app, clients can access multiple financial markets.
This account type is a great starter account, though at the moment is not available to EU traders. worldtradexFX offers a great demo account that is easy to sign up for, just needing the most basic of your personal information and an email address. To change the Worldtradex website 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. No, the broker does not offer real shares as part of its trading instruments.
- 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.
- It’s always nice to have extra security tools thrown in and worldtradex provides more than most.
- Not all trading platforms are created equal when it comes to fees and spreads.
- You can choose to either be a copier, or a “Master Trader” where others will copy you and you will earn a commission.
- I like that worldtradex provides a variety of trading platforms that all trading styles can use, making the broker a versatile option to benefit from the lower trading costs.
Currency Conversion Fee
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. You can open a demo account with unlimited funds and no expiration giving you ample time to test each platform to see which suits you best. The demo account provides real-time price feeds like a live account but gives you virtual funds to trade in a risk-free environment. I opened an worldtradex trading account and tested the broker’s spreads, trading conditions, and platforms to see how they performed against 20 other brokers. In this worldtradex Review, I’ll go through my findings helping you decide if worldtradex is a broker you should consider. If you are outside the EU, then you will have access to the MT4 Micro account type.
Q: What is worldtradexFX and what trading platforms do they offer?
Make sure to evaluate your trading style and budget carefully, as a higher minimum deposit can influence your risk management strategy and overall trading approach. All of the platforms on offer are well regarded in the trading community. The MetaTrader suite of services is the most popular globally due to the blend of features it offers, and the worldtradexTrader platform is developing a following of it’s own. It is easy to set up to trade ‘algo’ models on an automated basis, and it offers the expert advisors and MQL5 support services that allow traders to draw on the ideas of others. The broker’s range of forex trading products is limited to MT4, MT5, and worldtradexTrader but still provides a service to every trading style thanks to the MetaTrader options. I was surprised most by the worldtradexTrader which is limited in comparison to MetaTrader but offered a unique technical analysis service which impressed me with the expertise of the analysis.
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The live chat is 24/7 which is great to see, but the experience I’d say is a mixed bag. I like that you don’t have to fill out a questionnaire for support, you are taken directly to help in the form of AI. I was impressed with the efficiency and low-cost approach to depositing and withdrawing with worldtradex. The range of deposit methods is decent, covering traditional, e-wallet and crypto, giving you a great choice of how to deposit (and withdraw) with no fees.
It allows clients to learn and try multiple risk management strategies without any deposit. However, clients can choose their preferred virtual balance of the account in order to dictate the pace of their learning process themselves. Not all trading platforms are created equal when it comes to fees and spreads. worldtradexFX offers competitive rates, making it a noteworthy choice for traders. However, it’s crucial to understand the structure of these fees, as they can significantly affect your profit margins over time.
How can you trade on indices with profit?
In addition to the markets offered, as an worldtradexFX trader, it is likely that you may come across some of these extra products that the broker makes available depending on your location. worldtradexFX mobile trading is also well catered for through their own mobile trading platform aside from the huge industry giants already mentioned. The platform also provides for a wealth of more than 50 charting tools and indicators, and caters for auto and copy trading through its EA feature. Ultimately this means you will have access to an extensive range of tools and indicators depending on your platform choice.
With a commitment to transparent trading practices, worldtradexFX is registered in multiple jurisdictions and aims to provide a reliable platform for traders of all levels. Opening an account with worldtradex is done online with a few simple steps which enable you to set up a real or demo account. The process also gives you plenty of information about trading in forex markets. It ticks many boxes for traders, who can access it through the live chat, email, phone, or by using an enquiry form. Upgrading to a live account requires a bit more leg-work but is by no means arduous.
worldtradexFx offers its users different payment methods to be used either for deposits or withdrawals. 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. Top-3 participants receive $500, $300, and $100 for the first, second, and third positions, respectively. MetaTrader 4 (MT4) provides robust technology and high security, helping users trade without worrying about the platform’s stability.
With this knowledge, we created our platform to help you make money through smart and well-controlled investments.
In terms of the time it takes, wire transfers can take 3-7 business days to complete, while the other deposit methods are all typically instant. If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to worldtradexFX. However, the offshore entity of the broker is regulated by just a 3rd tier regulatory body. Online reviews have revealed that this isn’t quite significant enough to call the broker well regulated.
Trade on indices with low spreads
These flexible software utilities can automatically execute trades and assimilate all the information available on the platform to conduct market analysis and Forex trading. 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.