On the negative side, there is a slim selection of trading platforms with access to MetaTrader 4 (MT4) only. Our team is also disappointed by the withdrawal fees and weak regulatory oversight through the offshore branch. Established in 2010, worldtradex is a regulated broker providing forex, CFDs, commodities, and cryptocurrencies, among other trading instruments. Under tight rules from CySEC and MiFID, it ensures a safe trading environment with customer money kept in Tier 1 banks. worldtradex does not impose any minimum deposit requirement for opening a live trading account, making it accessible for traders to start with any amount they are comfortable with.
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After testing the app, it turned out that it provides real-time market access, sophisticated charting tools, and a range of technical indicators, among other basic capabilities. Benefiting from the same competitive spreads and execution speeds on the desktop platform, users may efficiently execute trades with only a few taps. Especially the MT5 mobile app stands out for its sophisticated tools and efficient solutions. worldtradex offers variable spreads that differ based on the account type and the financial instrument being traded.
worldtradex provides traders with access to the widely acclaimed MetaTrader 4 (MT4) platform. Known for its user-friendly interface and robust features, MT4 offers a seamless trading experience. Traders can execute trades with precision, access advanced charting tools, and employ automated trading strategies using Expert Advisors (EAs). New currency traders will enjoy the $0 minimum deposit, education and trading resources, plus the zero commission policy. Experienced traders will appreciate the tight spreads, access to MT4 and a VPS, plus zero strategy restrictions.
worldtradex does not have a proprietary mobile app, though MT4 and MT5 can be downloaded to Android and Apple devices. The mobile applications have proven to be stable and reliable during testing. I used the live chat function on several occasions and received timely responses in a few minutes each time. The agents were friendly, and provided suitable answers to all my queries, in a personalized manner with no frustrating chatbots in sight. On both platforms, placing a trade is a quick and straightforward affair that can be completed in a couple of clicks via the ‘Market Watch’ window or even more smoothly by turning on one-click trading.
This means that they should understand exactly what we need as traders. As a broker regulated by CySEC, MiFID, and MISA, it complies with stringent industry standards to protect traders. worldtradex utilizes two-factor authentication (2FA) to prevent fraud and secure accounts, adding an essential layer of protection for all users.
What Can You Trade on worldtradex’s Platform?
The platform could be better with frequent updates- withdrawal process can be improved on to be faster. Ever since the time I opened my account, worldtradex has been very open about their order execution policies. Supports guided me throughout the opening account process at first, and generally trading here for a scalper is cloud nine.
- It was simple to complete the demo registration process within the client portal with the benefit of not having to complete any identity verification requirements.
- Therefore, professional traders usually avoid trading with any dealing desk brokers and prefer to trade with ECN/STP brokers that offer Direct Market Access (DMA) conditions for the best trading environment.
- Headquartered in Cyprus, it is regulated by the Cyprus Securities and Exchange Commission (CySEC) and offers access to a diverse range of financial instruments through its award-winning trading platforms.
- worldtradex runs on the most commonly used MetaTrader 4 (MT4) platform, which is well-known for dependability and sophisticated trading tools.
Broker Judge
I use worldtradex for forex trading and have been impressed with the huge range of currency pairs, transparent fees and reliable MetaTrader 4 platform. I think the client dashboard and website could do with an overhaul though – they Worldtradex reviews are pretty dated. Still, worldtradex has done well by providing an attractive, affordable and simple account option for day traders who will appreciate having no trading restrictions or minimum deposit requirements.
Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. worldtradex maintains a transparent and straightforward fee structure by primarily charging competitive spreads, with minimal or no additional fees such as commissions or overnight swaps. Unlike many other brokers, worldtradex does not impose non-trading fees, including withdrawal or inactivity charges, depending on the account type. This transparent approach ensures that traders only need to consider the spreads when calculating their trading costs, simplifying expense management without the worry of hidden fees or unexpected charges.
The diversity of financial instruments which this company offers to customers is really huge. They have been running the business for over 14 years, so it seems they managed to add a lot of instruments for all this time. I like how tight spreads they provide on the forex market and the spreads are even more tighter than from other major and famous brokers. The technical support is good and it is noticeable that there are competent guys working. In addition to access to daily market analysis and market education resources, you can get a 100% first deposit bonus of up to $2,000 when you open an worldtradex XL account. If you want to check out this broker’s services and trading platform, just open a free demo account with no minimum deposit.
Deposits & Withdrawals
My account with worldtradex was opened because I could try Expert advisors and benefit from an ECN xl account, which is very important. Every day I open my mt4 and trade with worldtradex, I do my analysis in the morning and trade when I see the setup opening. It has been pretty much the same for the last 5 years, and I enjoyed most of my time here. Altogether, i love trading with this broker, as i know that my money is secure and i can trade with great conditions. I hope they will add support for MT5 in the future, most of the popular brokers offer this now.
worldtradex uses a spread-only methodology; hence, its ECN XL account shows no extra trading commissions. Spreads on important currency pairings start as low as 0.1 pips, which appeals to budget-conscious traders. For EUR/USD the average spread is about 0.8 pips, which is reasonable given many other brokers. Established in 2010, worldtradex has become known as a dependable broker in the forex trading space, regulated by the EU authority in Cyprus it provides reliable trading conditions overall.
- Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat.
- Additionally, traders have access to real-time market data and analysis to help them make informed decisions.
- Both platforms are available on desktop, web, and mobile devices, allowing you to trade on the go and monitor your positions anytime, anywhere.
- You can practice your forex trading skills or test new strategies without making a financial commitment.
- Among its transparency, and customer service, which are generally reviewed not to be very high, how it executes its services was the only thing that was not questionable.
In our experience, the 0.2-pip average spread on EUR/USD is far tighter than most commission-free accounts, which regularly charge 1 pip or more for this major pair. worldtradex runs bonus offers in certain jurisdictions, and when I opened an account with the global entity I was offered a 100% deposit bonus up to $2000. Traded here for a while initially on demo, then traded couple of months on a live account. Everything was okay, yeah sometimes I made fatal mistakes, but as I learned, traders should never give up, so do I.
Stocks are a prominent offering at worldtradex, providing traders with access to a wide selection of individual company shares from major global markets. worldtradex partners with leading stock exchanges to offer an extensive range of stocks, including blue-chip companies, mid-cap stocks, and emerging market equities. Traders can explore shares from various sectors such as technology, healthcare, finance, energy, and consumer goods, allowing for diversified investment strategies. Additionally, worldtradex provides real-time market data, advanced charting tools, and comprehensive research reports to assist traders in making informed decisions. Overall, worldtradex is a multi-asset brokerage firm that gives you access to trade over 200 financial instruments via the popular MT4 trading platform. You can benefit from a range of competitive trading conditions, such as low spreads from 0.0 pips, zero commission fees and reliable execution speeds.
worldtradex has earned a good score for its fees due to the tight ECN spreads combined with no commissions, an unusual pricing model that places this brand among the cheapest forex brokers we have reviewed. While many forex traders are familiar with the MetaTrader 4 software, which allows for expert advisors that can automate your trades, no other trading platform is offered. If you have a broad range of assets that you trade, such as international stocks, bonds or other equities, you might want to consider an international broker that provides these services. worldtradex supports the MT4 mobile trading platform that provides excellent trading features you can also enjoy when using the MT4 desktop platform. Not only can you select from a wide range of charting tools and technical indicators with this app, but you also get real time market pricing.
worldtradex comes with MetaTrader 4 (MT4), which is well-known and liked by a majority of global traders. It is equipped with useful tools such as advanced charting, and trading strategies, and a nice user-friendly interface. This step is counted as one of the very important factors for traders and thus their ratings go higher. worldtradex are never charged any commission or fee for trading from their traders. However if we see its service like compatative spread and $0 commission for trading then we can forget fee. I think it is great how the broker supports Muslim traders by giving them the option of a swap-free account which complies with Sharia law.
The broker lets you trade the available financial instruments using the MT4 trading platform. The software offers an impressive array of analytical tools, including nine timeframes and four chart types for each financial instrument to ensure detailed market analysis. The broker’s strong regulatory oversight by CySEC, MiFID, and MISA, along with client fund security in Tier 1 banks, adds a layer of trust for its users. worldtradex offers several unique features that set it apart from other brokers. The most notable is its ECN XL account, which provides spreads starting from 0 with no trading commission, a rarity in the industry.