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. Entry and exit orders were executed as intended, with only minor slippage observed. Limit orders were adjusted almost exactly to the specified price without jumps, though a small percentage of stop orders did experience some variation. After selecting this option, we entered the amount, wallet address, and a security PIN (sent via email during the account setup with worldtradex). The request was completed in under a minute and did not require sending an email or notifying customer service. Scalping, hedging, and the use of expert advisors (EAs) for algorithmic trading are permitted.

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 https://worldtradex.pro/ swaps or any type of commission.

worldtradexFX Customer Support

To enable multiple withdrawal methods, a new deposit using a different method is required. The processing time can vary from 30 minutes to three business days, depending on the method and conditions. Withdrawals can be initiated from the website dashboard or through the mobile app. worldtradex does not charge fees for deposits or withdrawals, nor does it impose commissions on trades.

Trade with the Best Global Broker Asia 2022

worldtradex operates under various regulatory frameworks depending on the entity through which an account is opened. Residents of the European Union receive the highest level of regulatory protection, as worldtradex Markets Cyprus Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC). However, this stricter regulation limits clients’ access to higher leverage levels. Additionally, the worldtradex platform features a one-click trading button that cannot be removed, which poses a risk since clicking it executes trades without confirmation.

I found the signals to clearly demonstrate the trading idea and the market commentary is a nice touch to help explain the move. I also found an interesting feature called Spaces where you can customise an area with trading alerts and real-time news announcements. Our broker reviews are reader supported and we may receive payment when you click on a partner site. During our own testing, we found the average ‘first response’ time to be greater than the seven seconds claimed on the firm’s site.

• The broker has also been operating for 12 years, which is a strong signal of safety in my book.
• Amongst the new features and platform improvements, you can still automate your trades with MetaTrader 5 and Expert Advisors.
• worldtradex offers trading accounts denominated exclusively in US Dollars (USD).
• worldtradex affirms that, in accordance with international regulatory standards, it uses separate accounts to keep traders’ funds segregated from the company’s balance sheets.

Assets Offered by worldtradexFX

In this worldtradex Review, I’ll go through my findings helping you decide if worldtradex is a broker you should consider. It offers the pricing and execution experience of a no-frills broker but complements this with a range of additional services such as top-quality learning resources and copy trading options. This is a distinct characteristic that avoids surprises, which are mostly negative for traders, especially on certain days when swaps can be doubled. We accessed the withdrawal section in the dashboard, where we entered the amount and selected the method, in this case, Tether (TRC20). The options mirrored those available for deposits, although, as expected, the only method available for withdrawals was the one we used for depositing funds. Withdrawals must be made using the same methods as deposits, meaning all available deposit methods can also be used for withdrawals.

Minimum Deposit and Account Types

worldtradexFX ensures that traders can access the tools and functionalities they need to succeed, whether they prefer simplicity or advanced analytics. The availability of demo accounts on both platforms further supports traders in mastering their skills before entering live markets. With competitive spreads, high leverage options, and robust security measures, worldtradexFX strives to provide a comprehensive trading experience tailored to diverse needs. Whether you’re a novice stepping into trading or a seasoned professional, worldtradexFX delivers the tools and features necessary for success in the dynamic world of financial markets.

That being said, there isn’t much educational content for learning how to trade or understand market dynamics. It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. The demo account lets you test the platforms while practising trading in a risk-free trading environment using virtual currency. worldtradex offers a demo account for all of its platforms such as worldtradexTrader, MetaTrader 4, and MetaTrader 5. The demo account is unlimited in funds as you can top it up should you need more virtual currency, and has no expiration date. worldtradexTrader is the most basic option but best for beginners out of the three platforms in my opinion with an attractive user interface.

There’s no question – if worldtradex wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. From among the trading systems known as “Master Traders” to copy on worldtradex’s Copytrading app, there are 1,390 newcomers, 986 growing talent, 703 high achievers, 360 experts, and 223 legends. These labels denote some milestone that the Master Traders have reached, although their performance and results can vary. Additionally, worldtradex provides a 50% deposit bonus, increasing each deposit by half. Whether you’re using cryptocurrency or a bank card to fund your account, the process is seamless, with most payment methods being free and transactions processed quickly. As for account management, I found the deposit and withdrawal services to be fast with same-day funding and withdrawals with no fees.

The deposit options with worldtradex are decent, giving you multiple ways to fund your account with no deposit fees. The only traditional method available was Mastercard (debit card) which I used to fund my account and was instantly applied to my trading account after making my deposit. I was curious to know why they offer this as other brokers are not so generous when it comes to absorbing the swap costs. worldtradex said that offering swap-free accounts aligns with its business goal of serving a global clientele.

Withdrawal Options And Fees

• You can develop EAs to 100% automate your strategy from analysis to execution, or set up risk management EAs to manage your risk on open positions automatically.
• This makes worldtradexTrader an excellent choice for those looking to learn the ropes of online trading in a user-friendly environment.
• Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com.
• The currency pairs like EUR/USD and a few others have a tight spread of 0.8 pips; most pairs have competitive spreads except USD/ZAR, which has a spread of 65 pips.

By participating in monthly Champion MT4 Demo Contests, you can win up to $1,000 without making a single deposit. Available trading platforms include MetaTrader 4 (Web, App, and Desktop), MetaTrader 5 (Web, App, and Desktop), and the proprietary web-based worldtradexTrader, along with the worldtradex Copytrading app. worldtradex offers more than 300 trading instruments across its accounts, including 52 Forex pairs and 277 CFDs, encompassing indices, commodities, and cryptocurrencies. Additionally, approximately 30 cryptocurrency assets are available (also during weekends). In 2012, it started organizing courses, and in 2013, it introduced its first bonuses. As part of its expansion, worldtradex launched a program for Introducing Brokers in 2014 and introduced the cTrader platform (currently unavailable).

There is an economic calendar, daily analysis posts, as well as trading signals and market insights. The videos are supported on YouTube, and much of the content is archived. worldtradex offers 5 crypto markets like bitcoin, ethereum and litecoin — this is a limited range. On the upside, those markets that are available are traded using the MetaTrader platforms, so at least the quality of service is guaranteed to be high.

While you can deposit funds in various currencies, these will be converted to USD at the exchange rate set by the payment system you use. Both platforms are available on desktop, web, and mobile devices, ensuring seamless trading across various operating systems. They also offer real-time market updates, one-click trading, and multiple order execution options to enhance trading efficiency. With versatile accounts and a hassle-free setup process, worldtradexFX offers an inclusive trading environment suitable for traders worldwide. worldtradexFX provides a free demo account that simulates real-market conditions, perfect for beginners and strategy testing without financial risk.

In the next section, we’ll talk about understanding the platform to help you start trading on worldtradexFX with your newly funded account. Once your account is verified, you’re ready to start exploring the worldtradex platform. Don’t worry about understanding everything right away – we’ll cover all the important parts in the upcoming sections. Unlock lower spreads, personal guidance, and many other benefits by increasing your account balance.

New account types offering

The breakdown across the two different types of accounts is laid out in a reassuringly transparent manner. worldtradex is a global broker, who offers a new take on certain aspects of the retail brokerage space. Founded in 2011, its Worldtradex reviews products are available through worldtradexFX.com and worldtradexFX.eu.