While you can deposit funds in various currencies, these will be converted to USD at the exchange rate set by the payment system you use. In 2022, trading over the weekend was allowed due to the rise of cryptocurrencies. After more than 10 years in the market, the company claims to have opened over 40 million accounts, received more than 70 awards, and paid out over 33 million USD in bonuses. I have an account with floating spreads and so far, no complaints. My hope is that I can grow as a trader by following other master trades and therefore grasp the logics of market.
worldtradexTrader—it’s personal
We are constantly improving our product to make your trading experience better. Fast withdrawals, without any unnessary paperowork or any disrupts. Additionally, there is an extensive Frequently Asked Questions (FAQ) section. When opening an account, no specific account manager is assigned. However, any doubts or questions can be addressed through the chat on the website, with a prompt response expected. worldtradex provides live quotes and detailed spread information on its website.
- We consulted customer service, and they confirmed that these were the available methods for our accounts.
- A status program is offered where clients, based on their deposited funds, can access different levels that provide enhanced services.
- The available methods vary depending on the client’s residence and may include local bank transfers.
- We made the deposit through Tether via the TRC20 network, which has the lowest fees.
- It also facilitates copy trading services and offers extensive educational materials.
You can only add money to a real account
These apps offer full trading capabilities, interactive charts, and technical analysis tools on the go. In general, I enjoyed trading there, no limitations on assets and platform, easy payments, I consider this broker service trustworhty and convenient for me. 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.
A Variety of Educational Materials
Enjoy smooth and convenient trading with user-friendly interface on a fast and stable platform. Regarding trading conditions, spreads are at the industry level. This is a distinct characteristic that avoids surprises, which are mostly negative for traders, especially on certain days when swaps can be doubled. However, the range of available methods for the region where the review was conducted from is not very broad, as transfers and credit cards (debit) are not available.
Available trading platforms include MetaTrader 4 (Web, App, and Desktop), MetaTrader 5 (Web, App, and Desktop), and the proprietary web-based worldtradexTrader, along with the worldtradex Copytrading app. The floating spreads for currency pairs involving the yen ranged from 1.9 to 2.6 pips, while major pairs (excluding EUR/USD) average around 1.5 pips. Spreads across different account types are similar, with worldtradexTrader accounts offering slightly lower spreads for Forex.
Finally, worldtradex offers free educational resources such as articles and video tutorials. For more experienced traders, worldtradex provides advanced analytical tools, including charting capabilities and various technical indicators. worldtradex does have a demo account offering for practicing trading strategies with virtual money in a risk-free environment. It also provides Islamic (swap-free) accounts that comply with Sharia law. worldtradex doesn’t cater to US traders due to regulatory restrictions.
worldtradex (worldtradexFX) is an international forex broker that offers a variety of trading services across multiple asset classes, including forex, commodities, cryptocurrencies, stocks, and indices. The broker is recognized for its competitive trading conditions. worldtradex is geared towards beginner and intermediate traders, providing user-friendly platforms such as MetaTrader 4, MetaTrader 5, and its proprietary worldtradexTrader. It also facilitates copy trading services and offers extensive educational materials. Additionally, the broker provides promotions and bonus programs, along with 24/7 customer support, aiming to enhance the overall user experience and sustain its global presence. worldtradex is an international broker ideal for traders looking to operate under competitive conditions.
Intraday assets introduced
It offers high leverage, a diverse range of instruments, and user-friendly trading platforms. In addition, worldtradex provides extra services to its clients, including educational content, relevant information, bonuses, and customer support, which are readily available to resolve any issues. One key factor distinguishing worldtradex is that it does not charge swaps. With a wide range of trading instruments, user-friendly platforms, and robust customer support, worldtradex provides an appealing choice for both novice and experienced traders. The broker’s low minimum deposit, competitive spreads, and comprehensive educational resources enhance its accessibility and attractiveness to different kinds of traders.
However, not all platforms have the same instruments available for trading. worldtradex affirms that deposits can be made via bank wire, credit card, digital wallet, and cryptocurrency. The available methods vary depending on the client’s residence and may include local bank transfers. worldtradex does not charge deposit fees, and processing times range from instant to a few days. worldtradex offers trading accounts denominated exclusively in US Dollars (USD).
However, it lacks weekly and monthly time frames and does not offer an intuitive zoom tool. While worldtradex presents several commendable features, it’s essential to carry out your own thorough research before deciding to trade with them. Consider your trading needs, strategies, and risk tolerance levels. The suitability of a broker is largely dependent on individual trading preferences and goals.
We consulted customer service, and they confirmed that these were the available methods for our accounts. To withdraw the bonus, the client must trade a number of lots equal to half of the bonus amount. For example, if the bonus totals USD 400, the client must trade 200 lots to be able to withdraw it. The threshold to access the bonus is high and requires a substantial trading volume. The worldtradex dashboard clearly displays the progress of these lots and the application of the bonus in a detailed manner. Accessing the bonus is a straightforward process and can also be configured automatically.
- worldtradex affirms that deposits can be made via bank wire, credit card, digital wallet, and cryptocurrency.
- From the worldtradex app, users can open positions in the worldtradex account as well as in MT4 and MT5, which can also be done using those specific applications.
- Additionally, approximately 30 cryptocurrency assets are available (also during weekends).
- During the review, we faced a minimum deposit of 50 USDT (Tether).
- You can also create accounts on the MetaTrader 4 and MetaTrader 5 platforms to trade Forex, cryptocurrencies, and other instruments.
The dashboard, or client portal, provides relevant information and tools regarding the account. Numerous sections focus on customer services related to accounts and administration rather than https://worldtradex.site/ market-related issues. From the dashboard, you can make withdrawals and internal transfers, view promotions, invite friends, check account records, manage accounts, participate in contests, view user statuses, and engage in copy trading. A status program is offered where clients, based on their deposited funds, can access different levels that provide enhanced services. worldtradex Rewards is a built-in loyalty program designed to reward active trading on the worldtradex platform, available to all clients by default without any extra registration requirements. As users trade, they automatically earn XP and progress through four status levels, Bronze, Silver, Gold, and Platinum.
The platform is so easy to use and it’s Worldtradex forex brokers reviews a legit brand so definitely there is nothing I wouldn’t like but one specific would be the copy trading platform which makes trading a lot easier. worldtradex Markets Ltd serves its clients in the Americas and other parts of the world and is regulated by the Mwali International Services Authority (MISA) in the Comoros. This regulation does not provide significant protection for consumers. On the positive side, it allows worldtradex greater flexibility in leverage and instruments while still serving clients from around the globe. worldtradex does a commendable job of offering educational and research materials to its users, though room for improvement and expansion still exists compared to some industry leaders. Moreover, worldtradex offers opportunities for cryptocurrency trading, featuring popular cryptos like Bitcoin, Litecoin, and Ethereum.
worldtradex does not charge fees for deposits or withdrawals, nor does it impose commissions on trades. One of the standout features of worldtradex is that it does not charge swap fees. Positions held overnight are not subject to fees, whether positive or negative, which is a distinctive aspect of worldtradex. All deposits and withdrawals are free of charge, and can be processed within 3-7 business days. In terms of tools, traders can choose the most convenient platform among worldtradex Trader, MT4, and MT5. With the mobile worldtradex app, you can manage all accounts without downloading MT4 and MT5 on your phone.
Upon consulting customer service about using Bitcoin for a withdrawal, we were informed that “Cryptocurrencies” is not categorized as a method to withdraw via Bitcoin, a deposit using Bitcoin would be necessary first. In 2012, it started organizing courses, and in 2013, it introduced its first bonuses. As part of its expansion, worldtradex launched a program for Introducing Brokers in 2014 and introduced the cTrader platform (currently unavailable). Since 2016, the MetaTrader 5 platform has been available, coinciding with the launch of educational content. In 2017, Autochartist was introduced, along with cryptocurrency trading and the first proprietary apps with market information, which would later evolve into the worldtradex app in the following year.