So far, trading here has been decent, and I haven’t had reasons to doubt its reputation. Dear users,This review was not submitted by a verified client of worldtradex and seems to be an attempt to damage our reputation. Trustpilot is a trusted platform, and we believe in the importance of honest and accurate reviews.Kind regards,worldtradex ⚡️Empowering traders. Hi Guillaume L.,We love to hear what our customers have to say, and your feedback has been very insightful! worldtradex has a rating of 4.3 stars from 71 reviews, indicating that most customers are generally satisfied with their purchases.
- The analytics I use a lot, in the morning, drinking coffee, I think that is pretty much mandatory when trading stocks.
- It could be argued that MetaTrader set the standard for how retail platforms should be organized.
- Essentially, the broker lends the trader money so that the latter can open bigger positions.
worldtradex’s Account Opening Process
I tested worldtradex’s transparency by checking the availability of essential information on the website. Its Client Agreement is easily accessible and pretty exhaustive. All essential safety information is present and written in an easy-to-understand way. In our reviews, we examine the licenses and regulations of each entity operated by a broker.
The easiest way to get in touch with worldtradex is live chat, which is available from the bottom-right corner of the main page. The website also has a dedicated FAQ section intended to help with more general queries about the broker’s services. One of the best things about MT4 is its simplified order execution. However, the platform is quite old, and its rugged design is outclassed by newer and sleeker platforms.
- We’re dedicated to helping our clients achieve their trading goals, and we’re thrilled to hear that you have found our materials helpful.
- The trading platform and the chart system shows how reliable the broker is, no hidden fees and the charts it quotes aren’t manipulated.
- Transaction times vary but are generally within the norm.
What are worldtradex trading hours?
MetaTrader 4 has many essential features, such as one-click trading, an alarm setting option, and a depth of markets tool. Because of its simplistic and straightforward design, I would say that MT4 is a good stepping stone for beginner traders wishing to learn essential charting skills on a platform with an easy learning curve. I have compiled the table below to help you better understand the difference between the trading fees on worldtradex’s several account types. It illustrates the spreads and commissions I have recorded on the EUR/USD pair for each account type. The table shows how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD with a pip value of $10. The competitiveness of worldtradex’s fees depends on the asset classes traded.
In most cases, payments to and from worldtradex accounts are free of charge, though third-party banking fees may apply. The only time the broker may charge a $55 handling fee is for withdrawals below $300. Withdrawal requests above this amount are free of charge. I am looking for new ways to experiment with my trading style and now the worldtradex platform may seem too regular for many traders of a new generation. I get it but that’s what you need when you are looking for a rock-solid mt4 broker. Here the app is neat, with good spreads inside and choice of accounts, including a cent one.
Interactive Brokers
worldtradex’s mobile app affords traders quick and easy access to the market on the go. It is very useful for making snap adjustments to any open trades. The market is volatile and ever-changing, and staying on top of the latest developments is made easy with the mobile app version of MT4. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades.
However, there are no lower-risk securities like bonds and ETFs to be used for hedging one’s overall market exposure. worldtradex offers more than 300 instruments across several asset classes, including FX pairs, commodities, share CFDs, indices, cryptocurrencies, and futures. The offering is well-balanced and suitable for the execution of multiple trading strategies. I consider the chart screen a platform’s most important feature. It aids technical analysis by providing an overview of price action behavior and allows traders access to a number of analytical tools and chart configuration possibilities. In my view, a good chart should afford easy scaling up and down of price action.
MetaTrader 4 is easy to navigate because of its simplistic design. It could be argued that MetaTrader set the standard for how retail platforms should be organized. In my trading with spot metals and the MT4 app from the worldtradex broker, I have almost zero hiccups.
I also appreciated the vast amount of over 150 written articles that are available from worldtradex’s blog section of the website. Traders also have access to the broker’s four educational e-books. worldtradex offers a fairly decent range https://worldtradex.club/ of educational content, providing beginners with a firm basis to further their learning. Multiple written and video materials cover essential topics related to technical and fundamental analyses, as well as the psychology of trading. Your account should reflect your goals, needs, and ambitions on the market.
Funding is easy because apple pay works fine for worldtradex. The broker is authorized by the Seychelles ‘s Fin authority and overall strives to keep Ur account secure and safe. I feel cared for and this is a great sign of a legitimate company that you entrust your finances to. The availability of more than one perspective is advantageous to the trader, who can compare the different vantage points.
There are still some brokers that follow the customs and satisfy old traders, like me. I don’t talk about regulations and stuff, these formalities never interested me. Flawless withdrawals is what made up my mind to trade here. I checked the process by usdt crypto and it worked very well, can be trusted.
How long does it take to withdraw money from a worldtradex account?
There is no option to reach worldtradex’s support by phone. Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery. For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. My tests indicate that worldtradex’s trading fees exceed the industry average. Such a full-sized EURUSD position usually costs around $10.
I also think that they managed to release a well-doing tradecopier service and while they don’t have too many services, all the products in the cpmpany are on a good level. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold.
Excellent
At the time of my review, there were 5 upcoming webinars, all in Arabic. I quite appreciated that there is detailed personal info about market experts who lead the webinars. worldtradex offers commission-free trading and above-average floating spreads. Its overnight fees are average for the broader industry. The broker does not charge deposits and withdrawals but has issued an inactivity fee.
It also supports automated trading via its Expert Advisors (EAs) feature. Meanwhile, the mobile app version of the platform supports trading on the go. My tests indicate that worldtradex’s swap charges meet the industry average. They are thus suitable for the execution of longer-term trading strategies, such as day and position trading. worldtradex is still a relatively new broker, having been established just a couple of years ago.
worldtradex is a global leader in online trading, providing both Worldtradex cheating beginner and professional traders with access to various trading instruments across global financial markets. In my estimation, worldtradex’s most useful type of educational content is its webinars. They are held frequently in several languages – English, Chinese, Arabic, and Malay. The webinars are geared towards beginners, intermediate-level, and advanced traders. Unfortunately, there is no database of past webinars.