With worldtradex, you can easily deposit money into your account through a bank without any hassle, thanks to its strict money management rules. worldtradex used to have trouble with pricing, but now they’re much better and are catching up to the cheapest MetaTrader brokers. Also, worldtradex hardly ever has any issues with order delays or extra costs, except for some rules that might slow down traders who make a lot of trades quickly. Account opening is very much a standard process these days, but worldtradex does offer a particularly neat twist to the situation.

That being said, there isn’t much educational content for learning how to trade or understand market dynamics. It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. From among the trading systems known as «Master Traders» to copy on worldtradex’s Copytrading app, there are 1,390 newcomers, 986 growing talent, 703 high achievers, 360 experts, and 223 legends.

How Can I Open worldtradex Account? A Simple Tutorial

In comparison, MT5 features built-in tools for a deeper technical analysis and professional trading experience. Customer service is available 24 hours a day Monday through Friday. The languages supported by the customer support staff are English, Indonesian, Spanish, and Polish, and users can access it through the live chat, email, phone, or an enquiry form. The support desk has a reputation for being quick to respond, knowledgeable and sufficiently in tune with the nature of trading to be able to answer questions at the first attempt. Whilst not leading the market in this area worldtradexFX do put in a solid performance but the lack of 24/7 support might be significant to some traders.

Which Markets Can You Trade with worldtradexFX?

Multiple payment options including credit cards, debit cards, Skrill, Neteller and Bank Transfers, make it convenient for clients to fund their accounts using their preferred payment method. Other traders’ positions can be copied automatically or modified. With an unrestricted number of traders to copy, clients can create a balanced trading strategy for themselves. To make it easier, worldtradexFx has a Copy Trading app developed differently from the mobile app.

worldtradexFX forex broker (Company Information + Regulation)

Once you have activated the copying then trades will be executed on your behalf and will replicate that of the master. You also do not have to follow only one master and you can diversify this list in order to benefit from more than one trading strategy. The compensation is either charged as a commission per lot that you trade or a piece of the spread as a revenue share. You can think of this as the fee that the master is charging to let you follow them.

Hugo’s Way vs. Kot4x: A Comprehensive Broker Comparison

  • worldtradex is an international broker ideal for traders looking to operate under competitive conditions.
  • In this in-depth worldtradexFX review, we’ll take you through our own experience of opening an account with worldtradexFX.
  • Clients are able to trade multiple assets that include forex, stocks, crypto, indices, and commodities in the form of CFDs.
  • The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following.
  • worldtradexFX provides several account types to cater to the varying needs of traders.

Opening an account with worldtradex mimics the process of many other online brokers. The steps are pretty simple, and we will guide you through them, but for the most part, it’s pretty straightforward, so you should not be confused at any point. Remember that for opening a live account with all brokers, you will need to fill in and provide personal information and documentation for verification at some point. Beyond that, there are no other features that it includes, and you could say that its web terminal is almost like a ported mobile trading app. If you are looking for more features, then you would be better off sticking to the gold standard that is MetaTrader.

The trust score came in low, largely because the worldtradex Markets Inc. entity is unregulated. However, worldtradex’s European entity is regulated by the top-tier Cyprus Securities and Exchange Commission (CySEC). According to the broker’s website, clients have negative balance protection, and client funds are segregated from the company’s operating funds. Luckily, worldtradexFX stands out for keeping their fees and commissions competitive across all their different account types. It has all the tools I need as a novice – live currency rates, charts, technical indicators, and risk management features like stop losses.

  • worldtradexFX provides more information about its operational risk management than it does about its regulatory framework.
  • Participating in financial markets involves high risk, which can result in the loss of part or all of your investment.
  • All that you will need to do is to check the «Swap Free» box when you are signing up at the broker.
  • It’s possible to access the worldtradex services while on the move by using the worldtradexTrader app, MetaTrader app or through internet browsers.
  • Dear Joe,Thank you for such a high rating and for sharing your feedback with our worldtradex Trading platform.

Beginning and expert traders can use the worldtradex web platform because of its easy-to-use interface. It lets customers make rapid and effective trades without unnecessary complexity, therefore supporting complex trading activities. Providing access to sophisticated charting tools and technical indicators, the platform effortlessly connects with MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Overall, with our research we find worldtradex ensures that customer information stays private by using cutting-edge encryption technologies to guard financial transactions and sensitive data.

Since the regulation demands strict follow of Forex business operations management, it is considered safe to open an account either with Cyprus, South Africa or an international worldtradex entity. However, the payments we receive can influence the products, companies, or services we highlight and evaluate. This means not every available option may be featured on this page. Bitcoin is also available as another way with fast execution time.

Both trading platforms allow CFDs and cryptocurrencies trading along with following the easy accessibility user friendliness methods to allow all trades everywhere at any time access. You can access both platforms from the web, IOS, android, and windows. worldtradexFX offers a free demo account to new forex beginners to practice trading in forex with no limits. Let’s start with fees and commissions, because no one wants to get nickeled and dimed, especially when you’re just starting out. worldtradexFX offers spreads as low as 0.4 pips on major currency pairs.

In such cases, if the account balance turned negative, the credit from the bonus would be automatically cancelled, preventing the account from going negative. worldtradex provides live quotes and detailed spread information on its website. worldtradex does not provide services to citizens of the United States (US) and residents of Canada, Spain, Belgium, India, Iran, Myanmar, North Korea, Pakistan, the Philippines, the United Kingdom, and the US. Lastly, they also have a giveaways promotion which you can enter as a client just by trading, and depending on the lots you trade, you are able to receive prizes. Anything from merch to a MacBook laptop is up for grabs in these giveaways.

We have gone over these above and if you are looking to use a particular platform then you will have to open that account. Finally, you have the ECN account which is run Worldtradex company reviews on the worldtradexFX cTrader platform. This is the platform that allows for STP and the lowest execution latency. You are also likely to incur some other trading fees based on the account that you have. This means that the broker cannot use client funds for their own business. It also means that the broker can easily meet all client withdrawal requests the moment that they are instituted without any sort of liquidity crunch.

worldtradex operates under various regulatory frameworks depending on the entity through which an account is opened. Residents of the European Union receive the highest level of regulatory protection, as worldtradex Markets Cyprus LTD is regulated by the Cyprus Securities and Exchange Commission (CySEC). However, this stricter regulation limits clients’ access to higher leverage levels. However, it does not provide Percentage Allocation Management Module (PAMM) accounts or Multi-Account Manager (MAM) services. We made the deposit through Tether via the TRC20 network, which has the lowest fees. In this case, the network charges 1 USDT, and worldtradex does not impose any additional fees.