HRD 606

Lastly, you can choose the ECN account which uses the WorldtradexFX cTrader platform. That said, keep an eye out for higher commission with these accounts. Exact spreads and commissions will vary depending on the account type you hold. Traders can choose between MT4 Micro, MT5 Pro, or the cTrader ECN account. One of the most important factors to take into consideration when using leverage is the asset spreads, in addition to other fees that may apply.

Social Trading and Copy Trading

To register, visit the website, verify your email, complete personal info, and upload KYC documents (ID + proof of address). Finally, choose between a Standard or Custom account, then finalize the process. Click the “Go to Website” button on this page to reach the broker’s application form. The WorldtradexFX registration process requires email verification, basic identity details, and account preferences—no documents needed upfront.

Does WorldtradexFX offer negative balance protection?

Your bank may also charge you a commission or fee on wire transfers, though there is no fee directly from the broker. Overall great value with a choice of more than 70 assets to trade. We can say with confidence then, if you like trading with an ECN broker and are looking for a fast, low-spread environment, WorldtradexFX would be a top choice. It offers competitive fees, low spreads, advanced technology and all on a global scale. Finally, WorldtradexFX cannot accept clients from certain regions including the U.S..

• The minimum deposit for WorldtradexFX starts at $50, making it accessible to traders with smaller capital.
• Here is a closer look at a few of these features and how they can benefit you as an WorldtradexFX trader.
• For experienced traders, or beginners looking to develop further, Worldtradex also provides resources to learn 12 trading strategies including chart patterns like wedges and candlesticks like the hammer.
• Traders can choose from MetaTrader 4, MetaTrader 5, and Worldtradex Trader, a proprietary platform with advanced features.

I use the platform weekly, and it works well for my trading needs. I like the daily analytics on the assets, they are invaluable for a day trader. I do not even have to make analysis with these, as i can watch out what patterns are forming and take trades according to the analys. Yeah, they are not perfct and i have lost some trades, but i’m still in profits and can’t complain. I’ve been wokring with Worldtradex brooker for over 2,5 years and I remember how simple they were at that moment. However, I was totally wrong and you can’t even fathom how much time it saves now when I need to idnetify patterns or key levels for short or long positions.

Quite the opposite; the firm simply offers reliable, fast, low-cost trade execution using market-leading platforms. Those looking to develop their skill set or improve their trading technique can draw on the support on hand, which is designed to cater to beginner intermediate and experienced traders. This Worldtradex review aims to give a clear view of the broker and its services. We hope, with these insights, anyone interested in Worldtradex trading opportunities could decide whether to invest in them or not. Users from all over the world have traded in the financial markets using our platforms and mobile apps. Therefore, it is doubtful that the ‘Worldtradex scam’ is a correct evaluation of the our activities.

In 2018, WorldtradexFX launched a copy-trading feature to entice more traders to the market, helping increase profit and offer different fund management options. This will help protect you from losing more money that you have in your account. Firms must comply with a number of rules on how they can advertise services to customers. The firm has expanded its reach successfully with its combination of low fees, responsive customer support, and advanced technology.

The calendar has advanced filters to only show news that is relevant to you. I think this is a vital tool and always like to check if there is any pending news before taking a trade. You will also find an economic calendar built-in the MT5 platform which could be more convenient to access and save you the hassle of switching between tabs. I just wish they had everything on one platform and I don’t have to download two apps to access the copy trading and normal trading platform. Worldtradex operates under various regulatory frameworks depending on the entity through which an account is opened. Residents of the European Union receive the highest level of regulatory protection, as Worldtradex Markets Cyprus LTD is regulated by the Cyprus Securities and Exchange Commission (CySEC).

• I like that out of the box you have access to 30+ technical indicators from moving averages to Bollinger bands and 24 analytical objects making on-chart technical analysis simple.
• Before signing up to any broker, check out who it is regulated by and make sure you fully understand how these regulations serve to protect your money.
• With Worldtradex, you can trade a total of 300 trading instruments, including 52 Forex pairs and 277 CFDs, covering indices, commodities, and cryptocurrencies.
• Below is a tabular review of the various deposit methods and the processing time.
• The demo account is unlimited in funds as you can top it up should you need more virtual currency, and has no expiration date.

In fact, in only a handful of instances did the response time beat the seven second figure. In over 96% of cases, our queries were processed to the point of satisfaction on the first interaction. We would also support the site’s claim that full resolution was achieved within three minutes.

Multiple payment options including credit cards, debit cards, Skrill, Neteller and Bank Transfers, make it convenient for clients to fund their accounts using their preferred payment method. With an unrestricted number of traders to copy, clients can create a balanced trading strategy for themselves. To make it easier, WorldtradexFx has a Copy Trading app developed differently from the mobile app. The broker also asserts its technical environment is constantly monitored and protected by dedicated teams of technical specialists and security.

You can experience an “over the shoulder” session with a trader which is helpful to get professional feedback on current market events. Worldtradex has a decent selection of 34 cryptocurrencies covering Bitcoin, Ethereum, Ripple, and Litecoin which is a healthy selection of highly liquid crypto markets. If you prefer to trade less liquid and higher risk assets you also have Worldtradex reviews access to altcoins like Dogecoin to speculate on.

Swap-Free Account Fees

Read our full explanation and accounting of our research and testing process to learn more about how we test. Use our country selector tool to view available brokers in your country. Copy trading at Worldtradex with dat choice of leaders is getting more interesting for me. There are guys with solid performance, so their strategy can be quickly evaluated and then you can fastly get in. Fast withdrawals, without any unnessary paperowork or any disrupts. The broker has recently given up its regulatory license with the Financial Conduct Authority in the UK.

According to the WorldtradexFx website, the broker does not charge any fee on deposits and withdrawal. They also cover the deposit and withdrawal fees that third parties (like Skrill, Neteller and others) may apply. However, with deposits using bank cards, your card issuer may charge some fee for processing the transactions. Founded in 2011, Worldtradex (formerly WorldtradexFX) is part of a group of global entities, which include Worldtradex Markets LTD (based in the island of Mwali) and Worldtradex Markets Cyprus Ltd (based in Cyprus). Worldtradex also provides financial services through its intermediary, Orinoco Capital (based in South Africa).

Fast withdraw

Depending on the market’s volatility, clients can expect to pay a minimum spread of 0.6 pips on trading pairs like GBP/USD and EUR/USD. Commodities like Gold and Silver are on the other hand, tradable on spot for a minimum spread of 1.9 pips and 2.0 pips respectively. Likewise, Mauritius is considered https://worldtradex.blog/ Tier-4, as per our Trust Score algorithm. The security of your funds – in terms of regulatory protection – will depend on which Worldtradex entity holds your account, and which, if any, relevant regulations provide customer protections. It’s worth noting that Worldtradex’s primary execution venue is one of its own entities in St. Lucia.

The demo account helps them boost their trading confidence before going live. It allows clients to learn and try multiple risk management strategies without any deposit. The WorldtradexFX Demo Account is essentially a practice account With which users can understand and get familiar with various features of the Forex trading platform before committing real funds. However, clients can choose their preferred virtual balance of the account in order to dictate the pace of their learning process themselves.

Regulation is one of the most important factors to consider when looking at forex brokers. A highly regulated broker will offer you more protection and safeguard you from fraudulent behaviour, or in the case of insolvency. They have options like Skrill and Neteller, which is fine, but I was bummed Paypal wasn’t there.

For articles, a handful exists bordering a wide range of topics ranging from risk management procedures and trading techniques. 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.