In order to improve their whole experience, the broker additionally secured a Comoros license and intends to transfer international clients under Comoros control. It has several entities around the world and provides services by industry standards. worldtradex offers services through Orinoco Capital (Pty) Ltd, primarily for clients located in Africa.
- worldtradex offers trading accounts denominated exclusively in US Dollars (USD).
- At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying.
- For those familiar with cryptocurrency wallets, this process is very simple and quick.
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. In 2017, Autochartist was introduced, along with cryptocurrency trading and the first proprietary apps with market information, which would later evolve into the worldtradex app in the https://worldtradex.pro/ following year.
Your reliable partner in the financial market
During our testing, we confirmed that no swap fees are charged for maintaining open positions not only overnight but also during the weekend for several days. In our review, the execution quality was positive across all accounts. Entry and exit orders were executed as intended, with only minor slippage observed. Limit orders were adjusted almost exactly to the specified price without jumps, though a small percentage of stop orders did experience some variation.
In 2019, worldtradex announced that its MT4 and MT5 accounts would not incur swaps or any type of commission. Their customer service is accessible beyond standard business hours, offering 24/7 support in 20+ languages available via Live Chat and email. The broker also maintains a comprehensive FAQ section on its website, providing in-depth information on common queries related to trading, account management, deposits, and withdrawals. Our reach makes financial markets accessible to traders worldwide. We measure success by the cost-effective trading conditions we provide and by success stories our traders share. This is a distinct characteristic that avoids surprises, which are mostly negative for traders, especially on certain days when swaps can be doubled.
However, it does not provide Percentage Allocation Management Module (PAMM) accounts or Multi-Account Manager (MAM) services. The app is more feature-rich than the web version of worldtradex Trader. The economic calendar, pip calculator, and other tools are integrated within the app, while the web version contains links directing users to external pages.
New instruments: XRPUSD and BCHUSD
- Guaranteed stop order fees, overnight funding fees, and currency conversion fees are not separately specified by worldtradex.
- This assessment delivers a transparent evaluation of worldtradex’s trading conditions, tools, support, regulatory standing, and overall suitability for traders.
- After more than 10 years in the market, the company claims to have opened over 40 million accounts, received more than 70 awards, and paid out over 33 million USD in bonuses.
- Your funds are protected at all stages, from depositing to withdrawal.
- Additionally, the worldtradex platform features a one-click trading button that cannot be removed, which poses a risk since clicking it executes trades without confirmation.
Our intuitive platform ensures you can dive right in, regardless of your experience level. Your funds are protected at all stages, from depositing to withdrawal. We also minimise the risk of loss by keeping your funds segregated from worldtradex’s assets. As for the awards count, worldtradex has earned over 70 awards, which includes, “Most Reliable Broker Asia 2023” and the “Best Forex Broker 2023” award. Let us now explore why traders all around turn to worldtradex as their preferred platform.
worldtradex Tools and Resources
In 2022, trading over the weekend was allowed due to the rise of cryptocurrencies. After more than 10 years in the market, the company claims to have opened over 40 million accounts, received more than 70 awards, and paid out over 33 million USD in bonuses. Your key to opening the trading world free from danger is the worldtradex demo account. Before starting actual investments, this Forex practice ground lets you learn the hints of the trading platform and understand the dynamics of the Forex market. With worldtradex, you can trade a total of 300 trading instruments, including 52 Forex pairs and 277 CFDs, covering indices, commodities, and cryptocurrencies.
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 that is right for you. The 50% bonus is more applicable to experienced traders or those confident in a long-term relationship with the broker.
User reviews
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.
The «Space» section allows users to see posts on various topics directly on the web, but the configuration for the topics is set in the mobile app. worldtradex offers negative balance protection, which means that if a market slippage results in a negative balance, worldtradex will adjust the balance to zero. This feature ensures that traders cannot lose more than their initial investment. One question that arises during the review is what happens with the bonus (credit) if the account balance falls below zero. In such cases, if the account balance turned negative, the credit from the bonus would be automatically cancelled, preventing the account from going negative. Copy trading is also available, allowing clients to automatically replicate the trades of other selected traders.
worldtradex does not charge deposit fees, and processing times range from instant to a few days. Given its responsive and multi-channel customer service and the supplementary resources provided for customer support, worldtradex showcases a strong commitment to assisting its clients. There is certainly room for enhancement, such as the introduction of 24/7 support, yet the existing offering should meet the needs of the majority of traders and can be considered dependable. Finally, worldtradex offers free educational resources such as articles and video tutorials. For more experienced traders, worldtradex provides advanced analytical tools, including charting capabilities and various technical indicators.
Futures Fees
Still, the experience with cryptocurrencies was quick, successful, and efficient. In our review, the entire withdrawal process took less than 35 minutes. We accessed the withdrawal section in the dashboard, where we entered the amount and selected the method, in this case, Tether (TRC20). The options mirrored those available for deposits, although, as expected, the only method available for withdrawals was the one we used for depositing funds. In 2012, it started organizing courses, and in 2013, it introduced its first bonuses.
In terms of tools, traders can choose the most Worldtradex forex brokers reviews convenient platform among worldtradex Trader, MT4, and MT5. With the mobile worldtradex app, you can manage all accounts without downloading MT4 and MT5 on your phone. However, not all platforms have the same instruments available for trading. worldtradex offers more than 300 trading instruments across its accounts, including 52 Forex pairs and 277 CFDs, encompassing indices, commodities, and cryptocurrencies.
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. Additionally, the worldtradex platform features a one-click trading button that cannot be removed, which poses a risk since clicking it executes trades without confirmation.
Traders can access MT4, MT5, and worldtradexTrader via web applications directly from their browsers, conveniently skipping the need for software installation. Guaranteed stop order fees, overnight funding fees, and currency conversion fees are not separately specified by worldtradex. worldtradex offers attractive pricing, with clear and understandable fees.