I opened an MT5 Trading Account to test the broker’s trading conditions and I was impressed with the spreads worldtradex supplied. The broker offers EUR/USD from 0.90 pips which is some of the tightest spreads for a Standard account I’ve tested. As an ECN (Electronic Communications Network) broker, worldtradex delivers tight spreads and fast execution speed by matching your order with the best offer from another trader on the network. This plays well into your hands as you will always receive the best available price from the network, leading to cheaper trading fees and better profit potential. While worldtradex presents several commendable features, it’s essential to carry out your own thorough research before deciding to trade with them.
Deposit Options and Fees
Yes, worldtradex offers copy trading services through its dedicated Copy Trading platform, allowing traders to mirror the strategies of more experienced traders. worldtradex is based in Saint Lucia but has multiple entities outside of Saint Lucia to provide financial services to clients in 180+ countries. Depending on where you are from, you can open an account with a different entity that is regulated by either CySEC, MAS, or FSC. For experienced traders, or beginners looking to develop further, worldtradex also provides resources to learn 12 trading strategies including chart patterns like wedges and candlesticks like the hammer. Founded in 2011, worldtradex has built a substantial global presence over its years of operation. The broker reported serving over 12 million trading accounts across more than 150 countries, with particularly strong penetration in Asia, Africa, and Latin America.
This exceptional platform immerses traders in an authentic environment, mirroring actual market conditions to the last detail. The broker’s range of forex trading products is limited to MT4, MT5, and worldtradexTrader but still provides a service to every trading style thanks to the MetaTrader options. I was surprised most by the worldtradexTrader which is limited in comparison to MetaTrader but offered a unique technical analysis service which impressed me with the expertise of the analysis. When choosing my account the broker offers three options which are essentially the same Standard account but used for different trading platforms. Online brokers like worldtradex are leveraging AI and other advanced technology to churn out smarter trading and analysis tools for customers. The tool launched last year automatically searches for technical analysis patterns using a large dataset of expert-curated content and AI-powered models that pick relevant figures from historical data.
You have no real account to deposit
These instruments are offered as CFDs, allowing traders to take advantage of price movements without the need to physically own the commodities. This structure provides flexibility and the potential for profit in both rising and falling markets, making it a convenient option for those looking to diversify their trading portfolio with commodities. By offering CFDs, worldtradex ensures that traders can easily participate in the commodities market with lower capital requirements and enhanced leverage options.
What educational resources does worldtradex provide?
worldtradex offers a variety of deposit and withdrawal options without any fees, making it convenient for traders to manage their funds. Clients can choose from multiple methods, including bank transfers, credit/debit cards, and popular e-wallets like Skrill and Neteller. Withdrawals are generally processed within 1-3 business days, depending on the selected method.
It would be useful to be able to Worldtradex official site sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page. worldtradex also provides services through Uni Fin Invest, which is based in Mauritius and operates under the regulations of the local financial authority. worldtradex Markets Ltd serves its clients in the Americas and other parts of the world and is regulated by the Mwali International Services Authority (MISA) in the Comoros.
worldtradex (formerly worldtradexFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. worldtradex provides a variety of educational resources aimed at enhancing trading skills. These resources are crucial for developing a solid foundation in trading principles and practices. The economic calendar, pip calculator, and other tools are integrated within the app, while the web version contains links directing users to external pages.
worldtradex Account Conditions Score
MetaTrader 4 is a great option if you use custom indicators or strategies as it provides the MQL4 library which you can use to create bespoke strategies. If you lack the programming skills, the MetaQuotes Marketplace provides a library of 10,000+ custom indicators from the MT4 community you can use. The CompareForexBrokers team created a trading platform selector so you can work out what trading software best matches your trading needs. I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform. If you want to see how worldtradex’s spreads compete with other Malaysian brokers, I created a simple trading cost tool that you can use.
Headquartered in St. Vincent and the Grenadines, worldtradex operates under strict regulatory conditions, providing traders with a secure and reliable trading environment. The broker offers access to a wide range of financial instruments, including forex pairs, commodities, indices, and cryptocurrencies. worldtradex also supports popular trading platforms like MetaTrader 4, MetaTrader 5, and cTrader. With its emphasis on low spreads, fast trade execution, and a user-friendly experience, worldtradex caters to traders of all levels of experience and expertise. worldtradex offers competitive spreads across its platforms, with major currency pairs such as EUR/USD starting from as low as 0.4 pips.
- Yes, you can register an MT4 or MT5 live trading account and then request that it be converted to an Islamic account.
- I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading.
- The competition recognizes and rewards outstanding traders with cash prizes.
What leverage does worldtradex offer?
Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. In 2012, it started organizing courses, and in 2013, it introduced its first bonuses. As part of its expansion, worldtradex launched a program for Introducing Brokers in 2014 and introduced the cTrader platform (currently unavailable). Since 2016, the MetaTrader 5 platform has been available, coinciding with the launch of educational content.
The Islamic Account distinguishes itself by not charging additional fees for overnight fees. This distinguishing feature ensures that Indonesian traders who adhere to Islamic principles can trade with complete peace of mind without any impediments jeopardizing their strategies or goals. Unlike the traditional forex landscape, which frequently imposes overnight fees, their Islamic Account is a game changer for Indonesian Muslim traders. Recognizing the diverse trading landscape, the broker expands its reach to meet the unique needs of Indonesian traders who follow Sharia Law principles. Furthermore, the demo account extends a golden opportunity for Indonesian traders to partake in the exhilarating Champion Demo Contest, wherein the prospects of securing real monetary rewards await.
- It is regulated by the FSC in Mauritius, the Mwali International Services Authority (MISA), and CySEC for European traders.
- For those familiar with cryptocurrency wallets, this process is very simple and quick.
- That being said, there isn’t much educational content for learning how to trade or understand market dynamics.
- Indonesian traders can easily manage their trading activities, from adjusting leverage to executing and cancelling trades, depositing and withdrawing funds, and monitoring bonuses and promotions.
This range of options and fast processing times provide flexibility and efficiency for users, enhancing the overall trading experience with worldtradex while keeping transaction costs low. worldtradex offers a wide range of trading instruments, including forex pairs, commodities, indices, and cryptocurrencies. With over 30 forex pairs and popular indices like the NASDAQ and DAX, worldtradex provides diverse trading opportunities for its clients. Additionally, traders can access commodity and cryptocurrency markets through CFDs, enabling them to diversify their portfolios without owning the underlying assets. With a wide range of trading instruments, user-friendly platforms, and robust customer support, worldtradex provides an appealing choice for both novice and experienced traders.
Other trading platforms
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. These labels denote some milestone that the Master Traders have reached, although their performance and results can vary. worldtradex does have a proprietary mobile app for trading, as well as for social copy trading (the worldtradex Copytrading app), yet it still trails behind industry leaders such as IG and Saxo. It has several entities around the world and provides services by industry standards. However, it does not provide Percentage Allocation Management Module (PAMM) accounts or Multi-Account Manager (MAM) services.
The suitability of a broker is largely dependent on individual trading preferences and goals. From our assessment, worldtradex emerges as a broker that proves itself to be reliable and conducive to traders, making it a viable option for consideration. 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. Founded in 2011, worldtradex (formerly worldtradexFX) is part of a group of global entities, which include worldtradex Markets LTD (based in the island of Mwali) and worldtradex Markets Cyprus Ltd (based in Cyprus).
The educational material is designed for traders at all levels, making it easy to develop a comprehensive understanding of the markets. Although worldtradex provides a solid foundation of educational resources, the broker could benefit from expanding its offerings to include more interactive elements such as quizzes or advanced courses. The Pro account at worldtradex is designed for more experienced traders, offering tighter spreads and zero commission fees. This account type provides access to both the MT4 and MT5 platforms, allowing traders to utilize all the tradable instruments available at worldtradex. While worldtradex is not regulated by top-tier authorities, it follows international operational standards and provides services to clients in numerous regions worldwide.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.