Our platform is free for users, earning commissions from some partners without extra cost to you. The minimum deposit for worldtradexFX starts at $50, making it accessible to traders with smaller capital. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Whilst we try to keep information accurate and up to date, things can change without notice and therefore you should do your own research. 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.
This is the first time I’ve seen swap-free accounts for all traders, regardless of location and beliefs, making worldtradex a truly low-cost broker by avoiding these fees. With an unrestricted number of traders to copy, clients can create a balanced trading strategy for themselves. To make it easier, worldtradexFx has a Copy Trading app developed differently from the mobile app. 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.
It also facilitates copy trading services and offers extensive educational materials. Additionally, the broker provides promotions and bonus programs, along with 24/7 customer support, aiming to enhance the overall user experience and sustain its global presence. You can choose from a good selection of payment methods to make deposit and withdrawals.
He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family. Should you need it though, the customer service team is available through live chat, phone, and email to deal efficiently with any problems that may arise. worldtradexFX provides well in terms of language choice to traders, though there is a clear focus on the Asian market when it comes to available languages.
- If you enjoy the imagery in the forex basics section then you’ll probably enjoy the videos provided too that will guide you through your MT4 account set up.
- The term leverage is the ability to have access to added funds – margin – when trading financial instruments.
- Taking a look at the CFD markets available from worldtradexFX, it is noted that they offer a little more than 70 assets in total.
- We will review some of the trading tools offered on the mobile trading app below.
Trading tools
- Account opening is very much a standard process these days, but worldtradex does offer a particularly neat twist to the situation.
- Those considering a local bank payment will have 3 options available to you.
- This allows you to start trading faster with instant deposits and receive your funds faster through the same-day withdrawals.
- In terms of tools, traders can choose the most convenient platform among worldtradex Trader, MT4, and MT5.
As part of its expansion, worldtradex launched a program for Introducing Brokers in 2014 and introduced the cTrader platform (currently unavailable). Since 2016, the MetaTrader 5 platform has been available, coinciding with the launch of educational content. In 2017, Autochartist was introduced, along with cryptocurrency trading and the first proprietary apps with market information, which would later evolve into the worldtradex app in the following year. In 2019, worldtradex announced that its MT4 and MT5 accounts would not incur swaps or any type of commission. This is provided both through their own dedicated copy trading platform and a mobile trading app for on the go trading.
Both the user and any interested party can access this section to see the performance of accounts that have opted for public visibility. Additionally, the app allows users to view the history of each operation, including changes made to orders, with great clarity. 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. To withdraw the bonus, the client must trade a number of lots equal to half of the bonus amount. For example, if the bonus totals USD 400, the client must trade 200 lots to be able to withdraw it.
Which Markets does worldtradexFX offer?
During our own testing, we found the average ‘first response’ time to be greater than the seven seconds claimed on the firm’s site. In fact, in only a handful of instances did the response time beat the seven second figure. In over 96% of cases, our queries were processed to the point of satisfaction on the first interaction. We would also support the site’s claim that full resolution was achieved within three minutes.
Fees
This was frustrating when asking questions about their services and trading accounts as I felt they didn’t answer the question. worldtradex has a decent selection of 34 cryptocurrencies covering Bitcoin, Ethereum, Ripple, and Litecoin which is a healthy selection of highly liquid crypto markets. If you prefer to trade less liquid and higher risk assets you also have access to altcoins like Dogecoin to speculate on. Overall, the account opening process took 3 minutes which is the fastest application I have completed for opening a live trading account. I found the account opening process to be rather straightforward where you complete an application filling your personal details and choose the platform you wish to work with.
worldtradexFX Withdrawal Process
You may also open a demo account to test the different trading platforms and conditions before opening a real account, should you wish. I think this can be a good way to practice your trading strategies and build your confidence without any risk. You can always switch over to a live account when you feel ready to do so. The broker provides you with a good range of educational materials including video tutorials, trading guides, FAQs and a glossary.
Additionally, worldtradexFX offers other platforms like MetaTrader 5 (MT5) and cTrader, ensuring that all traders can find the platform that best suits their needs. worldtradexFX operates under several regulatory authorities to ensure that traders are protected. The broker’s primary regulation is provided by entities in reputable jurisdictions, ensuring that their services adhere to high standards of safety and fairness. This makes it perfect for new traders and those beginners starting out. If you are trading from outside the EU, the minimum deposit will be $25 with the worldtradexFX Micro account.
We made the deposit through Tether via the TRC20 network, which has the lowest fees. 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.
Headquartered in Saint Lucia, the company has grown to serve over 12 Worldtradex reviews million client accounts from more than 180 countries. worldtradexFX is regulated by several decent financial authorities and has a good record in that regard. When choosing a broker, regulation is one of the first things that I look for. I would always prefer to trade with a regulated broker as it gives me the peace of mind that they will operate in an honest manner and can be trusted with my funds. It is important to remember that not all regulators are created equally.
Internal transfers between different accounts can be done from the dashboard and are nearly instantaneous. There is also the option to transfer funds to a wallet outside of these accounts but within worldtradex. worldtradex provides live quotes and detailed spread information on its website.
In this worldtradexFX review, you will find everything you need to know on the key areas of the broker like spreads, account types, and security. Our over 15 years of experience in financial markets and high https://worldtradex.pro/ technical knowledge aid in precise and timely identifications. Our independence from brokers and the companies we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria.
