MT4 is a popular, user-friendly platform with customization options and advanced technical analysis tools. MT5 is an upgraded version, offering additional features like support for both hedging and netting, as well as an economic calendar to help traders make more informed decisions. MT4 is a popular, user-friendly platform known for its customization options and advanced technical analysis tools. Supporting multiple languages, it provides a variety of indicators and drawing tools, making it suitable for traders of all experience levels. worldtradex Group offers a range of accounts to suit all trader types – from beginners using the Standard Account to high-volume traders on the Ultra Low Account. Each account provides competitive spreads, flexible conditions, and negative balance protection.
Testing worldtradex’s Customer Support
If you’re thinking of using worldtradex, just keep these potential challenges in mind and evaluate how they align with your trading goals and risk tolerance. worldtradex operates primarily as a market maker broker, maintaining its own dealing desk to execute client orders internally. This model allows worldtradex to set its own bid/ask spreads, which may vary, and act as the counterparty to client trades. However, worldtradex is regulated by multiple authorities that oversee its practices, providing a level of oversight and protection for traders. For more experienced traders, the Zero accounts offer commission-based trading with lower spreads.
- This review of worldtradex is grounded in CompareForexBrokers’ comprehensive and methodical approach.
- While this commission fee is competitive for USD base accounts, there aren’t options for AUD, EUR or GBP accounts.
- worldtradex withdrawal options are the same as the deposit ones, including Bank Wire transfers, e-wallets and Credit Debit cards.
- They claim on their website that worldtradex Global Limited (IFSC) is the product provider, meaning this entity is the market maker, and their local entity is only an intermediary.
- The amount of quality educational content provided by worldtradex Group bestows it a high rating for education and beginners.
In addition, we found numerous worldtradex’s add-ones and additional tool allowing you to enjoy extra benefits that the platform offers with regular resrarch or tools. In addition, there are very well-organized tutorials, videos and tools at your disposal. worldtradex Markets range offers diverse variety of products so you can enjoy a great choice that meets different expectations and preferences. Besides, we see dramatic growth in instrument offering compared to previous years, adding more Cryptocurrencies and CFDs to the list, also recently added Thematic Indices like AI Index etc.
Customer support 24 hours a day, 5 days a week
- We provide objective and unbiased reviews, analysis and commentary.
- I think I am going to recommend the broekr to my trading friends to let them save on fees and see market updates without a problem.
- Fortunately, you can set up notifications using the mobile trading app.
- Clients also have the option of opening multiple accounts with the broker simultaneously.
- MT4 comes packed with over 30 built-in indicators, 23 handy analytical tools, and interactive charts across multiple timeframes to help you understand market trends better.
Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years. The app lets you trade Forex, commodities, and indices with some gorgeous features, such as dealCancellation, which permits users to reverse losing trades within a specified time frame. Even though it aims to provide a smooth trading platform, one should look at its fees and regulatory compliance level. With worldtradex, you can trade via mobile using their integration to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), enabling clients to trade 1000 instruments through one login. You can trade Forex and CFDs on shares, futures, indices, metals, and energies. AvaTradeGo is a trading application designed for mobile devices.
The wide portfolio of instruments such as forex, commodities and stocks have been instrumental in enabling me to diversify my portfolio to the optimum level. Their webinars, and tutorials are great, I have 2 saved to watch later, they have assisted me in enhancing my trading skills. The analysis tools are not too limited either, which makes the study of the market easier. However, the only con I found to be true is that the withdrawal method may sometimes take some time more than required. 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.
Other accounts available
These provide traders with the most well-rounded, comprehensive portrait of worldtradex Broker’s strengths and weaknesses. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money. worldtradex offers crypto trading to all its clients except for those based in the United Kingdom.
Markets and Products
worldtradex are regulated by several top-tier authorities across its various regions, including CySEC (120/10), FCSA (49976) and DFSA (F003484). They provide free access to daily Forex webinars in 23 languages, available 7 days a week with 77 webinar instructors. They also have worldtradex web trader which allows you to trade through your web browser without the need to download any software. worldtradex unfortunately cannot accept clients from the residents of certain countries, such as the United States of America, Canada, Israel and Iran.
FBS has your back with free demo accounts, webinars, tutorials, and beginner-friendly resources to help you learn at your own pace. Pepperstone is good for beginners as it offers cutting-edge trading tools, free education, and micro-lot trading. I have conducted an in-depth review of Pepperstone vs. worldtradex to determine the Worldtradex company reviews better overall choice, and which traders will benefit most from each broker. worldtradex is considered a moderate to high risk broker for traders in South Africa because of the fact that they are not locally regulated. Their parent is regulated with CySEC, but traders from SA are registered under worldtradex Global (FSC) in Belize. Yes, worldtradex does offer the ZAR as one of the Base Currency Options.
With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, worldtradex is ideally suited for beginners and experienced traders. TradingView is a widely loved charting and trading platform with over 100 million users worldwide. 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. It’s often considered one of the best forex trading apps for beginners, thanks to its easy-to-use interface and wealth of educational resources. Besides explaining the pros and cons of signing up with it, we also mentioned supported countries and listed tradable markets you can explore at worldtradex.
Since the company doesn’t charge interest on overnight positions, clients can trade their preferred financial instruments without going against their religious beliefs. Although Islamic accounts are not offered as a stand-alone product, clients can request the company to switch their conventional account types to Islamic ones. The company delivers a consistently high-quality trading experience backed by award-winning customer service. Whether you’re a beginner or a seasoned trader, worldtradex ensures equal access to premium trading conditions, with 99% of trades executed in under one second.
How many clients trust worldtradex Group globally?
There are 100 to choose from and are all major US, UK and German companies. The number of commodities is underwhelming, with just a total of 15. This includes just 2 precious metals (Gold and Silver, but no others) with 5 energies and 8 soft commodities.
Due to the low minimum deposit, having a free demo account, and a trading academy, it targets all categories of traders. In addition to controlling your trading accounts and monitoring balance statistics, the worldtradex app has added integrations with trading platforms so you can start trading quickly and easily. The best forex trading app for beginners in India is Zerodha Kite, due to its simple interface and educational resources.
I found a new asset for me here at worldtradex, didn’t think of trading it before I’ve seen the conditions. 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. Customer support is responsive, though sometimes there’s a slight wait.
marketmogul77
Their educational resources are valuable for traders of all levels. Their platform is intuitive, and their range of trading instruments is impressive. Their educational materials are excellent for both beginners and experienced traders. worldtradex’s trading platform is top-notch, offering a wide variety of instruments. Their educational materials are extremely helpful for traders of all levels.