worldtradex are renowned for their high-quality trading execution which they consistently look to improve by investing in technology advancements. The trading process is automated which keeps manual intervention to a minimum and thus helps to maximise efficiency and effectiveness. The award-winning trading platforms available provide an automated risk-management system to ensure that client accounts will never go negative. Clients are supported in over 30 languages, 24/5, and can access their personal trading account from MT4 on desktop or trade on the go. In addition, the broker offers daily, updated educational and market news delivered by a multi-lingual professional research team.
In just a few seconds, I was able to log into my account, go to my open orders, and adjust the parameters (move the stop-loss) of a trade. Round-turn commission, meaning that a trader’s costs will remain constant regardless of the underlying market sentiment. The account is equally suitable for high-volume and high-frequency trading. Commissions I have recorded on the EUR/USD for the seven account types.
How do I withdraw money from worldtradex?
worldtradex frequently offers deposit bonuses to reward clients for funding their trading accounts. These deposit bonuses can range from 20% to 100% or more, depending on the promotional campaign. The additional bonus funds can be used to trade forex, commodities, indices, and other instruments, giving traders more flexibility and leverage in the markets.
Customer Support
Or international phone number, forcing potential charges for calls made to Cyprus or other satellite offices. I am really impressed with the variety of accounts and think it is very advantageous how you can choose depending on what matters the most to you, whether that be low spreads or no commission fee. I would personally be looking at the zero spread account as I use trading strategies that rely on low spreads at all times. I don’t mind paying the small commission fee as the broker needs to cover costs somehow. worldtradex serves a significant number of clients across Europe, providing services in countries such as the United Kingdom, Germany, France, Italy, Spain, Greece, Portugal, Sweden, Norway, and more. worldtradex offers daily market news and analysis to keep traders informed about the latest developments in the financial markets.
Forex Risk Disclaimer
The mobile applications for MT4 are fully featured and highly rated, so there should be no issue. If you have experience trading with worldtradex please share your personal review of the broker and what you think are strong and weak points. This average customer rating is based on 21 worldtradex customer reviews submitted by our visitors. Expert Advisors (EAs) are supported on the MetaTrader 4 platform, so automated trading is possible.
Spreads also get more competitive as you move up the account tier structure, with the VIP account offering the best value for money. It takes just $100 to open a Micro account, increasing to $2,500 for a Premium account and $20,000 for a VIP account. Well-documented account subheadings outline fee schedules and side-by-side comparisons for floating vs. fixed, commission vs. no commission, and dealing desk vs. direct interbank trading. All withdrawals incur fees that vary among credit cards, electronic tellers, and bank transfers/locations.
Currently, clients of worldtradex can only trade on MetaTrader https://worldtradex.space/ 4, which is rather cumbersome and outclassed by newer trading platforms. Additionally, worldtradex’s customer support seems to struggle with addressing more complex questions, such as what their average execution speed is. Because of the size of the broker, worldtradex can offer competitive pricing. Spreads vary from as low as 0.5 to 1.7 for live floating spreads with EUR/USD or 1.6 to 2.8 for fixed spreads, depending on account type. ECN and Zero Spread accounts have no spread and charge a commission based on the number of lots traded instead. You can trade spot metals with no currency exposure, some of the most competitive spreads and industry leading trading conditions.
- The broker provides tailored solutions for the Oceania market, including competitive trading conditions and access to the MetaTrader platforms.
- worldtradex also offers futures trading, allowing traders to speculate on the future price of assets such as commodities, indices, and currencies.
- The broker offers Spanish and Portuguese language support and ensures that traders in Latin America have access to competitive spreads, high leverage, and advanced trading platforms.
- The primary difference between live floating/live fixed trading accounts and the ECN/STP model is market execution.
- Each account type has specific features, such as varying spreads, commission structures, and leverage options.
- It may take time to process withdrawals, some traders have mentioned that worldtradex is slower than other brokers.
Plus, this is https://worldtradex.pro/ an excellent tool for exploring other markets than the one you are focused on. worldtradex is a strong all-round broker with a reliable platform, low fees, high leverage, and a selection of welcome bonuses. Traders can also get started with a $100 minimum deposit while the worldtradex.com group has good reviews from other users online. Metatrader 4 and 5 for Android, iOS, and Windows Mobile provide easy integration with desktop and tablet versions. They also offer the free worldtradex Research app, which has no trading functions. Metatrader 5 adds important features lacking in the older version but retains frustrating aspects of this industry-standard software, including weak customization and limited conditional orders.
It is vitally important for a chart to be as clear and informative as possible and allow traders to manipulate price action freely by scaling it up and down. Additionally, a good chart should be supplemented by a broad range of technical indicators, drawing tools, and other such instruments to accommodate technical analysis. Automated trading is possible via MetaTrader’s Expert Advisors (EAs) feature. worldtradex provides Virtual Private Server (VPS) hosting to ensure better connection and faster execution for algo trading. Social trading is also available via worldtradex’s ‘AutoTrade’ feature, allowing clients of the broker to choose the best-performing trading strategies. There is a detailed description of each account type’s spreads and commissions.
And thirdly, broker provides a wide range of financial instruments, including currency pairs. Note, the broker is planning to introduce MetaTrader 5 (MT5) to its platform offering, which will bring more advanced analysis tools and trading features for experienced traders. worldtradex is a global online trading platform, offering services in forex, spot, and CFD trading. They provide a variety of professional accounts, introducing broker bran… The list of Forex, spot, and CFD trading instruments is well-constructed but some rivals offer more comprehensive listings.