The added 50% deposit bonus further enhances the platform’s appeal, offering traders extra value when funding their accounts. worldtradex is best suited for both beginner and intermediate traders due to its easy-to-use platform, educational resources, and low minimum deposit requirement. The broker provides comprehensive trading tools and features that traders can leverage to optimize their trading strategies. Additionally, worldtradex offers impressive customer support to assuage any potential challenges traders might face.
Brokers By Country
This feature enables Indonesian traders to build well-informed portfolios, improving their trading efforts. Unlike the traditional forex landscape, which frequently imposes overnight fees, their Islamic Account is a game changer for Indonesian Muslim traders. Recognizing the diverse trading landscape, the broker expands its reach to meet the unique needs of Indonesian traders who follow Sharia Law principles. Furthermore, the demo account extends a golden opportunity for Indonesian traders to partake in the exhilarating Champion Demo Contest, wherein the prospects of securing real monetary rewards await.
Deposit Fee
We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Their customer service is accessible beyond standard business hours, offering 24/7 support in 20+ languages available via Live Chat and email. The broker also maintains a comprehensive FAQ section on its website, providing in-depth information on common queries related to trading, account management, deposits, and withdrawals. 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 does have a demo account offering for practicing trading strategies with virtual money in a risk-free environment.
The demo account provides real-time price feeds like a live account but gives you virtual funds to trade in a risk-free environment. I opened an MT5 Trading Account to test the broker’s trading conditions and I was impressed with the spreads worldtradex supplied. The broker offers EUR/USD from 0.90 pips which is some of the tightest spreads for a Standard account I’ve tested. They empower traders at all levels to enhance their skills and stay updated with market trends, which has been invaluable for my growth. Their platform is designed for efficiency, and I can always rely on their consistent and reliable market analysis to guide my trading strategies.
worldtradexFX provides a straightforward trading experience with intuitive tools that cater perfectly to traders of all levels. Their market insights are consistently reliable, making them a preferred choice. worldtradexFX offers a streamlined trading experience with intuitive tools and reliable market insights.
Desktop Trading Apps
worldtradex provides fully functional mobile trading apps for MT4, MT5, and worldtradexTrader that are available for both Android and iOS devices. These apps offer full trading capabilities, interactive charts, and technical analysis tools on the go. worldtradex offers access to multiple robust trading platforms, which include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and worldtradexTrader. With worldtradex, you can trade a total of 300 trading instruments, including 52 Forex pairs and 277 CFDs, covering indices, commodities, and cryptocurrencies.
Another program offered by worldtradex is a tiered loyalty program (without fees), where traders advance through categories based on their account balance, gaining access to benefits and rewards. The worldtradex Status Program allows traders to unlock various benefits based on their trading account balance. Benefits include lower spreads, faster transfer and withdrawal times, access to personal account experts, and various rewards based on their trading activity. For every standard lot traded, you earn prize lots, which can be redeemed for items like T-shirts, gadgets, or even a MacBook. Higher account statuses (Silver, Gold, Platinum) help you earn prize lots faster. To keep your prize lots active, you must trade at least once every 30 days.
Despite the lack of phone support, I rate worldtradex as average in this category. MT5 provides a greater number of technical indicators, timeframes, and graphical objects. worldtradex offers the popular MetaTrader 4 and MetaTrader 5 platforms across desktop, web, and mobile. These platforms provide robust charting and a wide range of order types and enable automated trading. The web-based worldtradexTrader platform is a beginner-friendly and convenient alternative. We performed our tests with a live account, using the MetaTrader 5 and worldtradexTrader platforms, opened with the worldtradexFX Saint Lucia entity (worldtradex Markets Inc.).
At that point, we could see our withdrawal status as “pending” in the dashboard. Less than 30 minutes later, the withdrawal was successfully completed, with the amount credited to our cryptocurrency wallet. The amount experienced a slight deduction due to conversion fees, but no additional charges were applied. 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.
worldtradexVision is an AI-powered tool that helps traders improve their performance by offering personalized analysis and feedback on their trading behavior. It provides insights to help traders track their progress and make informed decisions. worldtradexVision is a cutting-edge AI-powered tool designed to enhance traders’ decision-making and skill development. By offering personalized performance analysis, worldtradexVision acts as a digital mentor, providing valuable insights and actionable feedback for traders at any experience level.
- I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading.
- The worldtradex Status Program allows traders to unlock various benefits based on their trading account balance.
- worldtradex provides access to global indices such as the NASDAQ, S&P 500, and DAX.
- The broker also provides detailed economic calendars and market insights, which keep traders informed about the latest financial news and upcoming economic events.
- The EU entity of worldtradex clearly states its regulatory status in the website’s footer.
Great to read that worldtradex platform is providing all the tools you require – Thank you for the review. Customer service is key in the trading industry, we are so pleased to hear this positive feedback. worldtradexVision analyzes your trading activity and provides detailed metrics, helping you recognize patterns, strengths, and areas for improvement in both individual trades and overall performance. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. worldtradex is regulated in Cyprus by the Securities & Exchange Commission (CySEC) and in South Africa by the Financial Sector Conduct Authority (FSCA).
- Traders can take positions on these indices through CFDs, allowing them to speculate on price movements without the need to own the underlying assets.
- The worldtradex dashboard clearly displays the progress of these lots and the application of the bonus in a detailed manner.
- Currency conversion fees could apply when Indonesian traders deposit and withdraw in IDR to accounts denominated in USD or EUR.
- In such cases, if the account balance turned negative, the credit from the bonus would be automatically cancelled, preventing the account from going negative.
worldtradex offers negative balance protection, which means that if a market slippage results in a negative balance, worldtradex will adjust the balance to zero. This feature ensures that traders cannot lose more than their initial investment. A few minutes after submitting the withdrawal, we received a confirmation email.
worldtradex Account Types and Features
It is a global company with several entities responding to different regulatory needs. The dashboard includes a “Monitoring” area where users can view and share their performance, charts, profits, orders, and history with others. Both the user and any interested party can access this section to see the performance of accounts that have opted for public visibility. worldtradex provides a variety of educational resources aimed at enhancing trading skills.
worldtradexFX delivers exceptional trading tools and clear market analysis. worldtradexFX seems to be hitting all the high marks for you – reliable service, user-friendly platform, and top-notch market analysis. worldtradexFX provides excellent trading services with a straightforward platform. Most payment methods are processed quickly, ensuring fast execution times for both deposits and withdrawals.
This approach ensures that traders receive a reliable and rewarding experience, even without relying on promotions. worldtradex charges minimal non-trading fees, making it a cost-effective option for traders. The broker does not impose any fees for deposits or withdrawals, allowing users to manage their funds without incurring extra costs. However, traders should be mindful of potential third-party charges that may apply depending on the payment Worldtradex provider used.
Through the “Trade and Win Giveaway” promotion, the broker appreciates the dedication of Indonesian traders. Traders meeting certain trading volume requirements can enter a random drawing. According to the broker’s spreads and conditions, swaps do not apply to major instruments such as EUR/USD, NASDAQ, Bitcoin, etc.
By offering CFDs, worldtradex ensures that traders can easily participate in the commodities market with lower capital requirements and enhanced leverage options. worldtradexFX offers an outstanding trading experience with intuitive tools and reliable market insights. On the other hand, worldtradexTrader is designed for simplicity and ease of use, making it an ideal choice for beginners. It focuses on providing a straightforward trading experience while still offering essential features, such as Space—a built-in feed that provides expert analysis and real-time market insights.