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. MetaTrader 5, and worldtradexTrader giving you a decent choice for personalising the way you can trade with the broker. Bitcoin and cryptocurrencies can be traded on worldtradexFx but not bought outrightly. However, the broker claims verification may require up to 24 hours if the number of pending requests is large or if a verification request was submitted overnight or during the weekend.
Trade360 Review
Our over 15 years of experience in financial markets and high technical knowledge aid in precise and timely identifications. Our independence https://worldtradex.site/ from brokers and the companies we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. worldtradex is an up-and-coming broker that has been in operation for nearly 10 years. Its growth has enabled worldtradex to continue to expand its products and services. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust.
MT4 and MT5 are the gold standards when it concerns automated trading solutions. To access the full range of the broker’s offerings and functionality, clients can use any of the 3 trading platforms that are available as apps for mobile and on the web. Both iOS and Android versions of the trading platforms are also available for on-the-go traders. worldtradexfx’s low minimum deposit requirements allow everyone to easily trade.
Social and Copy Trading Apps
Although, the broker’s spreads keep changing throughout the day. Depending on the market’s volatility, clients can expect to pay a minimum spread of 0.6 pips on trading pairs like GBP/USD and EUR/USD. Commodities like Gold and Silver are on the other hand, tradable on spot for a minimum spread of 1.9 pips and 2.0 pips respectively. The worldtradex platform provides a web-based and mobile alternative, but there is no desktop version, which can be inconvenient for traders who prefer a dedicated program over a web browser. 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.
It is great to see the broker supports clients with different religious beliefs although this is pretty standard nowadays. The economic calendar displays a list of up and coming financial news releases including the country and level of impact. You can also see the actual, forecast and previous results of these releases. The calendar has advanced filters to only show news that is relevant to you.
Spreads and Fees ⚖
I think the broker’s trust is supported by its 60+ awards from the forex industry and 8,000+ positive TrustPilot reviews demonstrating that its clients are happy with its operations. The copy trading platform is also a bonus, which is the perfect opportunity to mirror the trades of 1,500 traders and leverage their experience to profit from leveraged markets. As you can see from the above table all the accounts offer the same regarding trading costs, the only difference is the trading platform. If you want to trade all markets worldtradex provides, I found your only option is the MetaTrader 5 account.
In terms of deposits on the fiat side, traders can pay in either USD or EUR. Traders looking to deposit into a USD account in EUR will get the closest market rate possible on this pair. As worldtradexFX is a large broker, it fittingly offers a good range of funding options on both the fiat money side and the crypto side.
Withdrawal Methods
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). worldtradex also provides financial services through its intermediary, Orinoco Capital (based in South Africa). Lastly, worldtradex also has an entity regulated in Mauritius, through Uni Fin Invest . 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.
The platform allows users to trade forex, cryptocurrencies, indices, and commodities on some of the most popular trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. worldtradexFX is particularly known for its low fees, competitive spreads, and user-friendly platform. You can choose from a good selection of payment methods to make deposit and withdrawals. The funding options include wire transfer, credit/debit card, digital wallets and cryptos. I find them to be the quickest and easiest way to move funds between my trading accounts.
- Finally, worldtradexFX cannot accept clients from certain regions including the U.S..
- The deposit options with worldtradex are decent, giving you multiple ways to fund your account with no deposit fees.
- They take suggestions into account and seem to have acted on the suggestion numerous times.
- The broker offers reasonable times to process your deposit and withdrawals.
- STP (Straight-through processing) is basically done through electronic transfers.
worldtradex does not charge deposit fees, and processing times range from instant to a few days. worldtradex does not charge fees for deposits or withdrawals, nor does it https://worldtradex.club/ impose commissions on trades. One of the standout features of worldtradex is that it does not charge swap fees.
worldtradexFX offers a commission-free trading environment, which is particularly appealing to cost-conscious traders. Instead of commissions, the broker makes money through spreads, which are generally competitive. There are no deposit or withdrawal fees charged by worldtradexFX, although you should check with your payment provider for any additional fees. worldtradexFX offers CFD trading on forex, commodities, stocks, indices and cryptocurrencies. You can trade across the MetaTrader and cTrader suite of trading platforms as well as their own intuitive trading app. It’s good to see worldtradex offer MetaTrader 4 as it is one of the most recognised trading platforms for retail forex traders in Malaysia thanks to its advanced charting tools.
Customer service at worldtradex is through live chat or a support email address, which is a slight letdown as I prefer when companies offer phone support for urgent questions. I was impressed with the efficiency and low-cost approach to depositing and withdrawing with worldtradex. The range of deposit methods is decent, covering traditional, e-wallet and crypto, giving you a great choice of how to deposit (and withdraw) with no fees. Crypto is the slowest to deposit with 3-30 minutes which is still extremely fast in my books as some brokers can take 24 hours to credit your account. These are two offshore regulators that allow worldtradex to provide secure financial services in 180 countries. If you’re unsure which platform is for you, I’ve created this 5-step questionnaire that will match your answers to help find the best forex trading platform for your trading style.
Although the minimum varies per jurisdiction, it is relatively a low sum. Coming to assets, the company offers a wide array of tradable assets, allowing clients to pick their favorites and suitable ones for trading. There is also an availability of multiple trading tools and indicators, which serves to enhance clients’ trading experience and help them trade confidently. The company, besides featuring a full fledged FAQs section to help clients find answers to their queries on an immediate basis, offers multilingual customer support 24 hours 7 days a week. The company currently has a proprietary trading platform known as worldtradexTrader.
You’ll also have access to a host of risk management features that enable you to diversify our exposure throughout a range of asset classes. This is quite surprising considering bonuses have been recently made illegal in Europe prompting regulatory bodies including CySec to restrict brokers from offering them. This could mean that the bonuses are only available to traders in particular jurisdictions.
