It also provides Islamic (swap-free) accounts that comply with Sharia law. The Micro account comes with the MetaTrader 4 platform and floating spreads start from 0.4 pips. If you want to open a fixed spread account, WorldtradexFX will accommodate you as well, but the fixed spreads will start with a minimum of 2 pips. By contrast, the Pro account only offers variable spreads that start from 0.2 pips. The Pro account is definitely recommended for traders who conduct a large number of trades per day. The ECN account surprisingly has variable spreads that start from 0.0 pips on certain currency pairs.
Costs and fees
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. Very best broker all over the world, zero swap ,zero commission, fast deposit and withdraw, very quickly support, Thanks Worldtradex Fx. We believe in a partnership, that’s why we welcome all feedback, to understand our users’ needs and provide them with the best Forex trading experience.
The major forex pairs are offered, yes, but almost no emerging markets are. No stocks are offered, only 2 commodity assets, and 2 cryptocurrencies. 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.
Asia/Pacific Markets
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Traders can choose from MetaTrader 4, MetaTrader 5, and Worldtradex Trader, a proprietary platform with advanced features. Each platform is available on desktop, web, and mobile, offering flexibility and full trading functionality. WorldtradexFX offers access to 277 tradable instruments across five asset classes, from the Forex market to digital assets. It offers competitive fees, low spreads, advanced technology and all on a global scale.
Until recently, the broker had also been regulated by the FCA, however WorldtradexFX decided to voluntarily suspend their regulation here due to Brexit until the future situation of the UK becomes clearer. When it comes to regulations, WorldtradexFX is regulated by CySEC under #372/18, and by the regulatory body of Saint Vincent and the Grenadines under #19776. Due to that, we highly recommend WorldtradexFX as a great place to copy trade but caution you to remember that due to a limited number of assets, your portfolios can be less diversified. This can result in comparatively bigger movements than a well-diversified holding so is something to keep in mind.
Copy Trading 🎛
The request was completed in under a minute and did not require sending an email or notifying customer service. 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. The WorldtradexFX 50% deposit bonus can be used to increase free margin and open higher-volume positions. The bonus is withdrawable once the required trading volume is completed. Although trading glossaries are pretty standard among forex brokers, they’re highly useful.
- Positions held overnight are not subject to fees, whether positive or negative, which is a distinctive aspect of Worldtradex.
- WorldtradexFX utilizes all of the tools that are in place with your trading platform to help you to do this.
- The breakdown across the two different types of accounts is laid out in a reassuringly transparent manner.
- Worldtradex has made great strides with innovation in its web platform, and new educational content, but offers a limited range of tradeable instruments compared to the best multi-asset brokers.
- Still, the experience with cryptocurrencies was quick, successful, and efficient.
The minimum deposit you can invest is $ 50, which is guaranteed at a much lower price than other brokers in the market. It is the best of WorldtradexFX to make a conventional offer that you can apply and accept. You can enter the financial market with very little capital (0.01) lot depending on your position. The WorldtradexFX broker offers different offers to the clients according to the package, based on the account type. Worldtradex does have a demo account offering for practicing trading strategies with virtual money in a risk-free environment.
Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. Verification can help ensure real people are writing the reviews you read on Trustpilot. We use dedicated people and clever technology to safeguard Worldtradex courses scam our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Opening an account with Worldtradex is a relatively straightforward process. Traders can access MT4, MT5, and WorldtradexTrader via web applications directly from their browsers, conveniently skipping the need for software installation.
Your virtual credit will be included in the demo account with 10,000$ in automatic funding. WorldtradexFX clients submit this demo account so that the customer can be aware of all the tools. https://worldtradex.live/ WorldtradexFX helps customers to know the basics by using the mobile trading app in the market.
What is the minimum deposit for WorldtradexFX?
Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms. He is an expert in Compliance and Security Policies for consumer protection in this sector. Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
Fast withdraw
With numerous awards from leading industry publications, they have positioned to be a leading broker in the Forex market. NBP — the Worldtradex management/trade order system ensures that the client cannot lose more than the initial deposit in their account. Even if a position ‘gaps’ in extreme market conditions, then the client will lose the funds in their account by no more than that. A lot of brokers consider them mutually exclusive, so only offer one, if any at all. All of the platforms on offer are well regarded in the trading community. The MetaTrader suite of services is the most popular globally due to the blend of features it offers, and the WorldtradexTrader platform is developing a following of it’s own.
- It is the perfect opportunity to trade in a no-risk environment with virtual funds, but which also perfectly replicates live trading.
- WorldtradexFX is worthy of investment, and there are various reasons to believe so.
- Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies.
- The most efficient experience is provided by the computer platform as it offers the most tools and functions.
What is the minimum deposit for Worldtradex?
WorldtradexFX will make the majority of its revenue from the added spread and reinvest part of the revenue to further improve customer service. Unlike with some other brokers, there are no commissions on deposits, withdrawals, or currency exchanges. MT4/5 and cTrader are one of the top software on the Android platform on mobile. It has been designed by WorldtradexFX Markets for traders in a way that is easily accessible on mobile.
Finally, choose between a Standard or Custom account, then finalize the process. Click the “Go to Website” button on this page to reach the broker’s application form. The WorldtradexFX registration process requires email verification, basic identity details, and account preferences—no documents needed upfront. We couldn’t leave this review without highlighting some areas where the broker could improve. The best part is that most of the content is free of charged and can be viewed on the firm’s website.
WorldtradexFX’s parent company is regulated by the Financial Services Authority (FSA) in St. Vincent and the Grenadines. While the FSA regulates the broker in financial matters, it does not actually regulate the key products of the company, which is Forex and cryptocurrencies. However, its European subsidiary, Worldtradex Markets Cyprus Ltd, is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the CySEC oversees the full range services offered by Forex brokers. BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups. The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following. The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners.
