While Worldtradex presents several commendable features, it’s essential to carry out your own thorough research before deciding to trade with them. The suitability of a broker is largely dependent on individual trading preferences and goals. From our assessment, Worldtradex emerges as a broker that proves itself to be reliable and conducive to traders, making it a viable option for consideration.
What is the Worldtradex Forex demo account?
Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), Worldtradex’s lack of additional reputable licenses heavily weighs down its Trust Score. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. No, Worldtradex does not accept clients from the United States due to regulatory restrictions.
- To open an account with Worldtradex, click the Open Account button at the top right of the homepage, or access the registration form through the signup page link.
- Furthermore, Worldtradex Group provides a sentiment-based trading tool that gives insights into the market’s bullish or bearish tendencies, a feature Worldtradex does not currently offer.
- Comprehensive customer support and a wealth of educational resources add value, empowering traders to make informed decisions.
- In South Africa, Worldtradex provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA).
- Worldtradex Group’s standard account spreads are considered costly, and the broker does not disclose average spreads for its commission-based Worldtradex Zero account.
The Worldtradextrading app
It simplifies Forex investing by enabling users to earn without actively trading or building strategies from scratch. Worldtradex Copy is a user-friendly copy trading app designed for effortless Forex investing. Without needing expert knowledge, users can follow seasoned Master Traders, mirror their trades, and earn passively, while retaining full control over risk and performance. WorldtradexVision is Worldtradex’s intelligent AI tool built to help traders boost their performance.
Worldtradex affirms that, in accordance with international regulatory standards, it uses separate accounts to keep traders’ funds segregated from the company’s balance sheets. Using Worldtradex allows clients to trade in micro and mini lots on its platforms, which is particularly beneficial for new traders or those seeking a more cautious approach in their risk-management strategy. 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).
WorldtradexFX offers a variety of deposit and withdrawal methods to accommodate traders worldwide, ensuring transactions are convenient, fast, and cost-effective. With versatile accounts and a hassle-free setup process, WorldtradexFX offers an inclusive trading environment suitable for traders worldwide. However, the range of available methods for the region where the review was conducted from is not very broad, as transfers and credit cards (debit) are not available. Still, the experience with cryptocurrencies was quick, successful, and efficient. 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.
Trade on the go with the Worldtradex trading app
Worldtradex’s zero-commission, no-fee model is ideal for traders seeking simplicity and transparency. With spreads from 0.6 pips and no extra charges, it’s an affordable way to trade across multiple markets without sacrificing performance or flexibility. Worldtradex offers access to multiple Worldtradex cheating robust trading platforms, which include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and WorldtradexTrader. By offering a range of payment methods with swift processing times and zero fees, WorldtradexFX ensures that managing your trading funds is both efficient and economical. Worldtradex offers services through Orinco Capital (Pty) Ltd, primarily for clients located in Africa. This entity is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, which is a more stringent regulatory body, though not top-tier.
Copy Trading and Additional Services
MT4 mirrors this but supports expert advisors, while MT5 is best for advanced traders, offering 277 instruments, including stocks and intraday assets for deeper market diversification and broader strategies. Worldtradex offers strong fund and data protection through reliable tools and systems. With segregated accounts, encrypted transactions, and negative balance protection, Worldtradex stands out as a trustworthy broker that prioritizes client safety at every level. Worldtradex secures client funds by using segregated accounts that keep trader deposits separate from company assets. This structure, aligned with global regulatory standards, ensures that client money is protected and cannot be used for company operations.
With over 42 million accounts and 277 instruments, it offers commission-free access to CFDs and supports traders with free educational tools and expert market analysis. Worldtradex trading app is quick, offering low spreads, fast withdrawals, and a 0% commission. A clear and user-friendly interface is perfect for every trader who values comfort. Also, Worldtradex has one of the best no-slippage levels in the market – 97.5% of the executed orders.
Market insights launched
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. Economic calendars are available through both brokers, helping traders keep track of global events that could impact the markets.
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. Worldtradex platforms incorporate advanced charting tools, promote ease of use, and support algorithmic trading. Although not proprietary, the platforms provide opportunities for copy trading, allowing users to replicate successful strategies from other traders. 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.
- In 2012, it started organizing courses, and in 2013, it introduced its first bonuses.
- BoE will announce its monetary policy decision on 19 June, a few hours after the SNB.
- Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers.
- It features attractive charts for all three account types, allowing trading and modifications.
- Despite this, Worldtradex Group scores higher overall, earning a 5-star education rating and ranking 7th among 63 brokers, while Worldtradex garners 4 stars and ranks 42nd.
Its compliance with international standards demonstrates its commitment to maintaining financial integrity and customer trust. With Worldtradex, you can trade a total of 300 trading instruments, including 52 Forex pairs and 277 CFDs, covering indices, commodities, and cryptocurrencies. However, it does not provide Percentage Allocation Management Module (PAMM) accounts or Multi-Account Manager (MAM) services.
Alerts and each executed order are notified through browser notifications. Additionally, the app allows users to view the history of each operation, including changes made to orders, with great clarity. A few minutes after submitting the withdrawal, we received a confirmation email. At that point, we could see our withdrawal status as “pending” in the dashboard.
When diving into more specific educational offerings, both brokers excel in delivering targeted content. They each feature a minimum of 10 beginner-focused videos to help newcomers gain a foothold in trading. For those looking to advance their skills, they also offer at least 10 videos that tackle more complex topics. However, an edge goes to Worldtradex for including an investor dictionary with definitions for over 50 investing terms, a resource not offered by Worldtradex Group. Despite this, Worldtradex Group scores higher overall, earning https://worldtradex.club/ a 5-star education rating and ranking 7th among 63 brokers, while Worldtradex garners 4 stars and ranks 42nd. Worldtradex Group and Worldtradex are both well-known online brokers, each established in the early 2010s; Worldtradex Group in 2009 and Worldtradex in 2011.
While some flagged questionable ads and customer service, others have eventually received their funds after delays and investigations. Worldtradex’s IB program offers partners daily payouts, up to $12 per lot in commissions, and more than 25 payment options. With no trading fees and attractive trader conditions, Worldtradex makes client acquisition and retention easier than ever. With versatile payment options and a 50% deposit bonus on every top-up, it offers convenience, cost-effectiveness, and extra value for every trader.
Worldtradex provides access to currency pairs, stock derivatives, indices, commodities, cryptocurrencies, and shares, covering global markets with competitive leverage and conditions suitable for all trading styles. Worldtradex offers Islamic trading accounts built for Muslim traders who follow Sharia law. With no interest (riba), no gambling (maysir), and no excessive risk (gharar), Worldtradex ensures your trading experience is halal, transparent, and fair, without sacrificing performance. These spreads are markups with no added commissions, meaning the spread is the only trading cost, and it adjusts dynamically based on market conditions. Worldtradex offers commission-free trading, allowing users to trade without worrying about additional costs. 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.