Looking scammed by Worldtradex also at the number of base currencies available, there are 11 to choose from. All the major indices are available, but with just three different US indices, there are better selections elsewhere. The mobile versions of MT4 and MT5 translate extremely well from the desktop versions, also allowing excellent interaction between devices.

How Can You Learn to Use the worldtradex Platforms?

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Does worldtradex provide educational tools?

Think of it how you like, but I rate Silver even above gold for a couple of reasons. And I just like it, so I dont need like extra arguments to trade it lol. Very clean charting and analytical process is so easy with the webtrader. There is always enough volatility even for non major pairs which is a great plus for a broker. The platform is easy to use, my deposits and withdrawals are usually without major stress, and spreads are competitive.

• This account distinguishes itself by not imposing the usual swap fees, which are prohibited under Sharia Law.
• worldtradex Standard Accounts is pretty much similar to worldtradex Micro Accounts, except for the lot size, minimum trade volume, and maximum lot per ticket.
• The broker provides you with the versatile and user-friendly MetaTrader trading platforms to trade on all of your devices.
• worldtradex Global has a huge advantage over its competitors in this regard.

What Type of Research Does worldtradex Offer?

• This means that if the trader opens a 1 micro lot order, the trading commission will be $0,07.
• Depending on where you are based, worldtradex also offers some nice signup bonuses including a no-deposit bonus of $30 and another 100% bonus matching your deposit up to $5000.
• They can always set and place their trades during their respective trading hours.
• These instruments give traders insightful analysis and enhance their capacity for making decisions, therefore empowering them.
• Additionally, worldtradex ensures that its Islamic accounts do not charge extra fees as a substitute for swap fees.

Compared to other forex brokers who offer Islamic accounts, worldtradex’s offerings stand out. That is because most brokers will give Islamic accounts higher spreads. worldtradex, however, does not apply additional charges on Islamic Accounts.

All worldtradex clients have access to a personal Account Manager, as when it comes to customer service, the size of your account does not matter. There is a news tab, a research tab which encompasses all of the exam bespoke, in-house research. Furthermore, there are trade idea and technical summary sections, alongside the economic calendar. In addition, there is the impressive worldtradexTV and also a podcast offering.

For more information about the worldtradex demo account and its features, read our dedicated article. Setting up the demo account is fast and easy, as you will need to provide worldtradex with a username, an email address, and your country of residence to open it. The availability of one or the other account base currency may depend on the trader’s location. worldtradex was established in 2009 and is known to be a trustworthy broker, serving over 10,000,000 clients globally and employing 900 professionals. worldtradex clients from European Economic Area (EEA) countries are provided with investor protection of up to €20,000 through CySEC. worldtradex also offers worldtradex TV, podcasts and news feeds from Reuters, an Economic Calendar, along with YouTube Shorts and daily technical stories.

Withdrawals via bank wire, credit, or debit card usually take 2-5 business days. Pepperstone and worldtradex segregate all client deposits from corporate funds and offer negative balance protection. Both brokers have an excellent regulatory track record spanning 15+ years. Therefore, I rank Pepperstone and worldtradex as equally secure and trustworthy. During my Pepperstone review, traders received 1,350+ assets versus 1,000+ at worldtradex, but both brokers offered Forex and cryptocurrency trading. One strong plus is that worldtradex extends negative balance protection to all its clients, not just the EU clients that it is required to by law.

The stop-out level is set so that when the equity level reaches a certain point, it will automatically close the clients’ floating positions. All retail clients with worldtradex Ultra-Low Accounts, Micro Accounts, or Standard Accounts have a stop-out level of 20%. That said, worldtradex falls behind with its limited pricing, range of markets, and platform offering — none of which can compete with the best brokers in this space. Some brokers will charge for additional withdrawals in a month, regardless of the method.

In this regard, worldtradex went also far and developed truly wide education support throughout various regions with the purpose of educating traders, which is a great plus for all traders. Furthermore, clients may pay costs from payment processors for transactions even when worldtradex does not impose withdrawal fees. For trades involving instruments denominated in a different currency than the base currency of the account, there also are currency conversion fees.

Pros and Cons for Beginners

Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! It is also beneficial to beginners as they are often recommended to start trading in small sizes – this can help to build a degree of risk management. The MetaTrader MT4 platform is the most popular retail trading platform in the world.

Trading tools

Additionally, there are built-in help guides for MT4 as well as Metaquotes Language 4. It also allows for the creation of custom indicators as well as time periods. You can view all the specific instruments available for trading on the individual asset pages. You can view all of the relevant legal documents for worldtradex on the Legal Documents page of the website.

They introduce the beginner trader to the markets, to fundamental analysis, psychology and money management. There is also a more advanced section with more complex and technical analysis, trading strategies, tools and signals. Plus, there are a further 43 video tutorials on all aspects of using the MT4 platform. As we have highlighted above, the offering of products to trade with worldtradex is somewhat mixed.

This is an impressive selection of stock CFDs and is beyond the offering of most brokers. However, with the zero spread account, you will pay $3.5 commission per 1 lot (100,000 units) traded. This commission is paid both at both ends of the trade, when you open and when you close the position.

Other types of account offered in worldtradex Broker is the Shares account. It requires a minimum initial deposit of $10,000 and does not allow hedging. The minimum trade volume is 1 lot and the contract size is one share. Traders can have 50 positions pending or open positions at a time. worldtradex utilizes a variable spread in its platform, mimicking the way the interbank foreign exchange market offers prices to its clients. The main purpose of this variable spreads is to eliminate the requirement for an insurance premium.

There is a complaint that FPA does not approve all positive reviews and only approves negative ones for the sake of their business. To understand the real reviews, traders should focus on the content of the reviews. While you should consider these reviews as part of your research process, you shouldn’t make decisions based solely on them. For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist. Additionally, you should review the broker’s policy and terms of service.

From the regulatory perspective, worldtradex is supported by licenses from the CySEC and the FCA. Since its inception, worldtradex broker has quickly gained the attention of traders all around the world, thanks to its various advantages such as low spreads, fast service, and other types of attractive offers. So far, worldtradex claimed to have executed a total of 1.4 billion trades with remarkable zero repeats or rejections. There is a very high degree of risk involved in trading securities. 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.