Trade on indices

Research tools provided by worldtradexFX include a well-detailed economic calendar which keeps you updated with all significant economic events and how they may impact you. First off, you will notice when you are trading at worldtradexFX that the broker website has a huge FAQ section which in itself covers a range of topics with dozens of answers to the most common questions. As a copier here, you also will not be charged any other commission besides that set by the person you are copying. This amount can vary depending on the master as they have freedom to individually set commission. This can enable you to optimize your positions and the software has an excellent prediction success rate, up to 83% correct on the EUR/USD, which is of course subject to change and the risk involved.

• worldtradex is an up-and-coming broker that has been in operation for nearly 10 years.
• Over two years of research and development, we have interviewed traders worldwide, discussing the platform’s usability.
• Spreads vary according to the type of account you select, and while worldtradexFX boasts some low spreads starting at 0.0 pips, it’s necessary to consider the potential costs of withdrawals and other non-trading fees.
• The video course provides a sound introduction to forex and forex trading, helping beginner traders to grasp things quickly.

worldtradexFX Broker Review

When the price reaches that level, the stop-loss order is executed by worldtradexFX. According to the financial regulators that monitor worldtradexFX, the order is intended to put a cap on the amount of money an worldtradexFX investor can lose on a particular financial position. worldtradex offers a range of trading opportunitites mostly targeted on Contracts for Difference (CFDs) among several asset classes, however there is no classsic Investment Plans or Opportunitites provided by worldtradexFX. Overall, we advise to check conditions based on worldtradex entity you wish too trade through. A wide variety of educational content is available for worldtradex users under the ‘Traders’ Tools’ section. Both MetaTrader MT4 and MT5 stand out for the charting tools they offer.

An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. 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 a mere 257 tradeable instruments, which varies by platform, with the most on its MT5 offering. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. worldtradex (formerly worldtradexFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. Take some time to click around and get comfortable with these different areas.

You will also be required to provide a recent bank statement or utility bill to worldtradexFX in which your full name and address are presented in a legible manner. You will be required to go to the website of the worldtradexFX brokerage that you will be trading with in order to complete the worldtradexFX registration process for a new worldtradexFX trading account. This includes your first and last name, as well as your address, email address, and other contact information.

Technical analysis indicators provided by worldtradexFX

You can choose to either be a copier, or a “Master Trader” where others will copy you and you will earn a commission. worldtradexFX allows traders to trade more than 50 different financial instruments, including . worldtradexFX investors and traders all over the world now have access to a wider variety of trading instruments than ever before. This trend is expected to continue in the foreseeable future with brokers like worldtradexFX. The purpose of the worldtradexFX trading discipline known as technical analysis is to analyse investments and locate potential trading opportunities using worldtradexFX trading tools.

Q: What is worldtradexFX and what trading platforms do they offer?

ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. It is important to add that as a beginner, you can also use worldtradex’s copy trading instead, which allows you to automatically copy experienced traders’ positions.

With that said, they still offer good value in terms of trading conditions. This makes it perfect for new traders and those beginners starting out. If you are trading from outside the EU, the minimum deposit will be $25 with the worldtradexFX Micro account. The account base currency is that which you trade in with the broker. These are, EUR within the EU, and both EUR, and USD for traders outside the EU. This is rather a limited selection compared with other top brokers.

The minimum spread users can expect to pay on any trading instrument at any given time is 0.6 pips. Yes, it offers a proprietary trading platform known as worldtradexTrader. You can access the broker’s copy trading service by downloading the copytrading app. The broker’s login process begins with a visit to the official site, worldtradexfx.com, on desktop or a click of their app on mobile.

Fraudulent activities in the trading industry have prompted financial regulators to increase their oversight of brokers and trading platforms like worldtradexFX. As a worldtradexFX customer, you need to exercise extreme caution in order to make certain that the people with whom you are transacting are well financially regulated. The broker has its proprietary trading platform known as worldtradexTrader, which operates on web and mobile versions.

The spreads here start at an extremely competitive 0 pips with $5 per side per lot of commission, or from as low as 0.2 pips with no commission depending on your account type. The worldtradexFX Masters fee is applied if you are copy trading with the broker. This is the commission fee charged by the Master (Signal Provider) whose trade you are copying, and it is up to the individual provider how much this fee will be.

Fees and Spreads

• All of the platforms on offer are well regarded in the trading community.
• Founded in 2011, this online brokerage has steadily grown to serve clients globally.
• Additionally, their customer support services enhance your trading experience, ensuring assistance is readily available.
• Due to this traders will no longer hesitate to use mid-term and long-term stategies.

Live chat is the main means of contact; it provides quick help and is open 24/7 in English, Hindi, and Urdu, among other languages. Traders can email the support staff at for non-urgent questions. As a licensed broker that obliges to safety measures, worldtradex Cyprus offers only Bank Wire Transfer for its European clients. As for the international entity it also includes Credit Cards, e-wallets and other methods which you may check with customer service before any transfer is done.

All of the materials are of high quality and cater to beginners, intermediate and advanced traders. That worldtradex is catering to all these groups is a big plus for the site, and the resources are made available to traders using demo as well as live accounts. An extensive range of support channels is available to users of worldtradexFX. Whether you prefer reaching out via live chat, email, or phone, the platform ensures that you can connect with a representative whenever required. This flexibility is designed to cater to your individual preferences, offering you convenience in accessing support.

Experienced traders

Rather than specializing in any one field, worldtradex provides a wide assortment of content types. However, when compared to research leaders IG, Saxo, and CMC Markets, worldtradex has room to enhance its research offering. For instance, I found that the content on the worldtradex Blog is not updated daily across all categories. worldtradex has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers.

What can I trade on worldtradexFX?

The broker claims to process all withdrawal requests received within 1-3 hours. Depending on the withdrawal method used, the minimum withdrawal amount is $5. However, customers can withdraw as many times as they wish and withdrawal is free. Web and mobile trading platform worldtradexTrader enables you to diversify and upgrade your trading. You can also create accounts on the MetaTrader 4 and MetaTrader 5 platforms to trade Forex, cryptocurrencies, and other instruments. Compare the platforms’ features to find the one Worldtradex review that is right  for you.

worldtradex also keeps a thorough FAQ section on its website to answer often-asked questions about trading and account management. The broker also actively appears on Facebook, Twitter, and Instagram, offering still more means of communication. worldtradex is an STP Forex Broker also runs high standards of secure trading environment, as of the regulation it imposes.