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 Worldtradex reviews 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. Open an MT5 account to trade on 230 instruments enjoying the platform's advanced tools and worldtradex's excellent trading conditions. Stay Ahead with Expert Market Insights In the fast-paced world of trading, staying updated is paramount. Our market experts work diligently to bring you daily and weekly forecasts that keep you abreast of the latest market trends.

TradingView

He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. worldtradex offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. There’s no question – if worldtradex wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.

Review

Take your analysis to the next level with 38 built-in indicators and 44 drawing tools. Whether you’re into trendlines or complex strategies, MT5 has your back. Exchange rates change all the time based on market factors like supply, demand, economic reports, and even global events. It said worldtradexFx hired several Indian individuals working in Spain/Russia to operate the trading platform. It's easy to add cryptocurrencies to your list of instruments on the MT4 platform.

worldtradexFX: The Ideal Commodities Trading Partner

Here is a closer look at a few of these features and how they can benefit you as an worldtradexFX trader. 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. At worldtradexFX, we are committed to not just providing a platform for trading but also ensuring that our clients have the knowledge and insights they need to make informed trading decisions. Join us, and let's embark on a journey to trading excellence together.

User navigation and experience

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 fact that worldtradex offers an almost institutional-grade trading experience doesn’t mean beginner traders are in any way disadvantaged.

CTrader has a desktop version, and is also available in apps for android and iOS. The FBS mobile app gives you full control with TradingView-powered charts, easy order management, and 24/7 live chat—all from your phone. It’s one of the top forex trading apps for traders who want flexibility and power in one place.

One-touch trading

For novice and even experienced brokers, worldtradexFX offers a wide rangeof educational materials. worldtradex has made significant progress in a relatively short period of time. Since entering a very competitive market eight years ago, it has built up a client base of almost one million traders and won a host of industry awards.

This is provided both through their own dedicated copy trading platform and a mobile trading app for on the go trading. You can choose to either be a copier, or a “Master Trader” where others will copy you and you will earn a commission. Founded in 2011 in Cyprus, worldtradexFX is a well-regulated broker with oversight in place from CySEC and SVG. They provide ECN execution which is popular among scalpers for its high speed. The broker also offers copy trading services an accessible minimum deposit. When it comes to offered assets for trading, worldtradexFX has one of the lowest numbers of assets for trading.

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. They offer tools and services that cater to a wide audience, but for traders with specific requirements like mine, there's a possibility they might feel the need to branch out. It's not a reflection of worldtradexFX's capabilities but more about the evolving needs of a trader. The cTrader trading platform is designed specially for electronic communication networks ECNs, and offers direct STP access to currency trading markets.

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. Exness has been a trusted name in the trading world since 2008, known for its fast performance, transparent services, and strong support for traders at every level. Whether you’re a beginner exploring the markets or a seasoned trader, Exness offers a seamless and secure trading experience. Launched by MetaQuotes Software in 2005, MetaTrader 4 (MT4) is one of the most popular forex trading apps. It’s trusted by beginners and pros alike, and it’s not just limited to Forex, you can use it for other financial instruments too.

worldtradex Markets Cyprus Ltd, registered in Cyprus, operates under the regulatory oversight of the Cyprus Securities and Exchange Commission (CySEC) through the domain worldtradexFX.eu. This provides European clients with enhanced safeguards and a trusted trading environment. Conversely, worldtradexFX.com is a product of worldtradex Markets Incorporated, based in St. Vincent and the Grenadines, offering its users the benefits of higher leverage and promotional bonuses. Theactual commission charge is based on a mixture of standard prices and markupspreads. The table belowprovides a general idea of the spreads typically seen across worldtradexFX’splatforms. Naturally, it provides Level II quotes, server trailing stops, single-clicktrading and sophisticated charting options.

Tech Savvy: The worldtradexFX Mobile App

• In India, it offers an all-in-one solution for traders and investors by combining powerful charting tools, real-time market data, and an active community of traders.
• The broker offers excellent deposit and withdrawal speeds that are fulfilled within the same business day during the week.
• The worldtradexFX Trading App is an officially acknowledgedForex trading software.

worldtradexFX is also available on mobile and has dedicatedapps for both iOS and Android. There is virtually no performance differencebetween these mobile apps and desktop apps. One way in which worldtradex leads the sector is its willingness to share data on its own operations. In line with this transparent approach, it also provides a range of metrics relating to the performance of its customer support team.

• 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.
• It’s the largest and most liquid financial market in the world, with over $6 trillion traded every day.
• You can also create accounts on the MetaTrader 4 and MetaTrader 5 platforms to trade Forex, cryptocurrencies, and other instruments.
• It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.

I embarked on my trading journey with worldtradexFX and stayed with them for a notable period before exploring alternatives. My transition to another broker was primarily driven by the allure of enhanced terms, conditions, and a broader spectrum of investment offerings elsewhere. During my stint with worldtradexFX, I occasionally encountered slippage when initiating or closing orders. Thus, I don't harbor any reservations against worldtradexFX in this context. Being inclined 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.

The broker claims to offer competitive spreads as compared to other forex brokers. worldtradexFx boasts of a spread floating, starting from as low as 0.6pips. 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. Web and mobile trading platform worldtradexTrader enables you to diversify and upgrade your trading.

While they do offer top trading platforms MT4 and MT5, if you are looking for a wide range of assets they may not be perfect. The Micro account comes with the MetaTrader 4 platform and floating spreads start from 0.4 pips. 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.