The broker takes advantage of some of its clients being domiciled in regions that still permit promotions, and those clients can benefit from a range of offers. It is clear that the Education section of worldtradex’s website is of great importance to the broker. All of the materials are of high quality and cater to beginners, intermediate and advanced traders.

The demo account is fully functional and provides access to $10,000 in virtual funds, enabling users to test their trading strategies in real market conditions. worldtradex offers the basic options when it comes to funding your account through traditional methods and some crypto options. The broker offers reasonable times to process your deposit and withdrawals. There is a very high degree of risk involved in trading securities.

However, some users have appraised the company, claiming they had good trading experience and fast withdrawal. On worldtradexFx, customers can withdraw funds from their trading accounts using the same ways they deposited. To withdraw funds, customers’ free margin has to exceed the withdrawal amount, then they have to complete the verification process and get their accounts verified. 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.

Trading tools

There is no extra verification required, and once a client’s separate wallet is set up, it’s easy to hook up to the signals of other traders. During our testing, we did find that when we scaled up into maximum position size, we were able to get very close to using up our maximum margin capacity when executing. This is an observation rather than a criticism as it just demonstrates the way the site allows aggressive trading strategies to be carried out. With trading costs being a significant determinant of success or failure, the broker is right to emphasise what a help this could be. The Copy Trader account area requires separate funding and comes with its own dedicated app.

Before risking your money, why not try worldtradexFX’s platform risk-free in a similar, virtual trading environment by signing up for a demo account. This will give you unlimited access to every trading account free of charge. You can top up your funds with a simple request while you practice and improve your trading strategies. worldtradex will appeal to those looking for the best of both worlds. It offers the pricing and execution experience of a no-frills broker but complements this with a range of additional services such as top-quality learning resources and copy trading options. worldtradexFX supports a wide range of withdrawal methods, including bank transfers, credit/debit cards, and e-wallets like Skrill, Neteller, and cryptocurrency wallets.

The network charged a fee of 1 USDT, and the remaining amount was credited to our account in USD within minutes. For those familiar with cryptocurrency wallets, this process is very simple and quick. 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. You can request a human agent who was surprisingly not as helpful as the AI with canned answers and no depth of product knowledge. This was frustrating when asking questions about their services and trading accounts as I felt they didn’t answer the question. worldtradex has a decent selection of 34 cryptocurrencies covering Bitcoin, Ethereum, Ripple, and Litecoin which is a healthy selection of highly liquid crypto markets.

Demo Account

We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. The company currently has a proprietary trading platform known as worldtradexTrader. Furthermore, worldtradexFx has an easy-to-use app which is https://worldtradex.blog/ also available on Android and IOS devices. This app allows users to enjoy a smooth trading experience and keep track of executed orders from anywhere. At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying.

Clients can opt to trade using ECN portals, which take the quality of execution up a level. The choice of trading platforms means users can select the best fit for them. worldtradexFX is known for offering competitive spreads and a commission-free trading environment. Spreads start from 0.4 pips on major currency pairs like EUR/USD. Additionally, worldtradexFX offers swap-free accounts for traders who want to avoid overnight charges. The worldtradex mobile app can be downloaded and quickly recognizes and retrieves data after entering the username, requiring no further action.

• However, with deposits using bank cards, your card issuer may charge some fee for processing the transactions.
• Platform choice ultimately comes down to personal preference, but worldtradex has signalled its intent by offering its clients the choice of two market-leading platforms.
• The web-based platform offers quality charts, allows for the placement of technical indicators and lines, and supports alerts that arrive as notifications from the broker.
• You can request a human agent who was surprisingly not as helpful as the AI with canned answers and no depth of product knowledge.
• At worldtradex, it’s not what you trade but how you trade it that matters.

I liked the daily webinars with professional traders that let you learn while trading in a live environment to experience how traders analyse the markets in real time. Founded in 2011, worldtradex holds a regulatory license in Europe via its Cyprus-based entity – worldtradex Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC). In South Africa, worldtradex provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). The broker also offers wonderful features that are unique to the company alone. In addition to keeping the client’s investments safe and separate from its capital, the broker ensures maximum transparency.

Social Trading and Copy Trading

The MT4 account, also called traditional account, is an account type used by new and experienced traders alike. It not just offers excellent trading and analytical tools, but https://worldtradex.pro/ is also flexible enough to implement simple, as well as, highly complex trading strategies. The platform supports trading forex pairs, commodities, indices, cryptocurrencies but not stocks. The account is available on both MT4 and MT5 trading platforms, and comes with market execution. worldtradex is an international broker ideal for traders looking to operate under competitive conditions. It offers high leverage, a diverse range of instruments, and user-friendly trading platforms.

However, deposits via Skrill, Neteller, Visa, Mastercard and crypto are instant. Below is a tabular review of the various deposit methods and the processing time. The number of markets is also different across the platforms, but none of them offers a range of instruments that could in any way be called excessive.

Deposit Methods

For every standard lot traded, you earn prize lots, which can be redeemed for items like T-shirts, gadgets, or even a MacBook. Higher account statuses (Silver, Gold, Platinum) help you earn prize lots faster. To keep your prize lots active, you must trade at least once every 30 days. Gifts are limited and available on a first-come, first-served basis.

Users can decide to view prices of their chosen trading instruments in advanced mode, showing its spread and daily highs or in simple mode without the extra information. The mobile app offers a wide array of tools and indicators ranging from trends, to oscillators, to volumes and lastly bill Williams. All to allow for concrete trading analysis and implementation.