The broker also asserts its technical environment is constantly monitored and protected by dedicated teams of technical specialists and security. It has management systems that ensure that clients do not lose more than initially invested. If account balances become negative due to Stop-Out, worldtradexFx compensates the account by adjusting the account balance to zero, ensuring the risk is limited to only deposited funds. However, on a review that an account has been inactive for long it gets deactivated.
Spreads and Fees ⚖
I’d like to have seen an option for bank transfers as I feel most secure about this process. However, worldtradex has e-wallet options through Neteller and Skrill were also a positive as they also provide instant funding like the Mastercard option. It is regulated by the FSC in Mauritius, the Mwali International Services Authority (MISA), and CySEC for European traders. The broker has also been operating for 12 years, which is a strong signal of safety in my book. In addition to traditional platforms, I did find that copy trading is available through the worldtradex Copy platform giving you an alternative approach to leveraged products like forex and gold.
Popular Forex Guides
The copytrading app lets you conveniently copy signals from hundreds of other traders. The app interface is very user friendly making it easy to find signal providers to follow based on your customised filters. There are master accounts for traders who want to offer their strategies as signals or for followers who wish to copy signals.
worldtradex Tools and Resources
worldtradex’s market research is well organized and varied in its content. Rather than specializing in any one field, worldtradex provides a wide assortment of content types. However, when compared to research leaders IG, Saxo, and CMC Markets, worldtradex has room to enhance its research offering. For instance, I found that the content on the worldtradex Blog is not updated daily across all categories.
Yes, it offers a referral program where users can get to invite friends for incentives. The referral program known as Invite-a-Friend has its commission rate to be 1$ per 1 standard lot. worldtradex is a broker that has operated for over 10 years and has been https://worldtradex.club/ expanding during this time. It is a global company with several entities responding to different regulatory needs. 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.
Also, the company has paid over $33M in bonuses to its clients. worldtradex has over https://worldtradex.pro/ 50 different payment options, such as Visa, Neteller, Fasapay, and bitcoin, as well as a large variety of local bank transfers. The availability of these payment methods may also depend on your country of residence.
Whether you’re a beginner with worldtradexTrader’s market analysis tools, automate your trades with MT4’s EAs, or day trade with depth of markets tools on MT5 there is something for everyone. The social and copy trading experience, hedging, scalping and the option of swap-free accounts are welcoming features offered by worldtradexFx. Again, the provision of standard demo accounts helps clients learn trading and key trading techniques without fear of loss or risk to real funds. The demo account helps them boost their trading confidence before going live. During our review, the average spread for EUR/USD was 0.9 pips.
worldtradex Review 2025: Platforms, Apps, Safety, Pros & Cons
The floating spreads for currency pairs involving the yen ranged from 1.9 to 2.6 pips, while major pairs (excluding EUR/USD) average around 1.5 pips. Spreads across different account types are similar, with worldtradexTrader accounts offering slightly lower spreads for Forex. 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. The broker provides you with a good range of educational materials including video tutorials, trading guides, FAQs and a glossary.
After 324 reviews, worldtradexFx holds a rating of 2.997 out of 5 stars on Forexpeacearmy. The trading interface of the mobile app is quite basic, yet it is functional. It is divided into quotes; market data, chart, trade and history. Its charting allows users to do analysis just as with a desktop. Its only limitation to client is its small screen resolution, hence, making deep technical analysis somewhat difficult.
- One key factor distinguishing worldtradex is that it does not charge swaps.
- At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying.
- The referral program known as Invite-a-Friend has its commission rate to be 1$ per 1 standard lot.
- Among the financial service providers, there are fraudsters that we promptly report.
In this case, the network charges 1 USDT, and worldtradex does not impose any additional fees. While there is no minimum deposit from the virtual wallet, worldtradex advises that the minimum deposit using this method is 50 USDT. 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. Periodically, worldtradex offers the worldtradexFX Champion Demo Contest, a monthly, risk-free trading competition using virtual funds. Participants compete for real cash prizes ranging from $40 to $500, with winners determined by the highest account balance after four weeks.
So, if you’re a beginner, why not give yourself a leg up before going head first into the world of trading? worldtradexFX boasts an average of 7 seconds to respond and 3 minutes to find a solution to clients’ issues or answer their queries. This has greatly contributed towards the team’s 96% customer satisfaction rate. Any heavy technical analysts out there can create customizable charting indicators through the developer network.
As mentioned, worldtradexFX offers very competitive spreads and with the new rates due to the current COVID-19 epidemic, rates will be even better on all 3 accounts. Both are primary platforms with worldtradexFX and are the most popular platforms with traders in the FX market. To see the commission that you will pay on a particular Islamic compliant trade worldtradexFX offers a tool to calculate the commission on MetaTrader 4, MetaTrader 5 and the eTrader platforms. The Islamic account can be accessed through all of worldtradexFX’s trading accounts mentioned above. The only thing you will need to do is check the “Swap-Free” box during the initial account sign up stage.
