worldtradex (formerly worldtradexFX) is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilized by clients from 180 countries with more than 42 million trading accounts. worldtradex provides low-cost trading with spreads as tight as 0.4 pips for major currency pairs, making it an affordable choice for many traders.
- This commitment to customer service enhances the overall trading experience, giving traders confidence that help is readily available when required.
- This focus on risk mitigation and security has helped the broker maintain a stable and reliable trading environment for its global clientele.
- worldtradex places great emphasis on maintaining the trust and safety of its clients.
- Combined with the broker’s fast execution speeds, these features make worldtradex an appealing choice for traders of all experience levels.
- He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
- Although worldtradex is not regulated by top-tier authorities like the FCA or ASIC, it has earned a strong reputation in the industry through its transparent practices and consistent focus on client protection.
This flexibility makes worldtradex suitable for both beginner and experienced traders. The Pro account at worldtradex is designed for more experienced traders, offering tighter spreads and zero commission fees. This account type provides access to both the MT4 and MT5 platforms, allowing traders to utilize all the tradable instruments available at worldtradex. With its enhanced trading conditions, the Pro account caters to those seeking a more advanced trading experience, combining lower costs with full access to the platform’s diverse range of financial instruments. MetaTrader 5 (MT5) is an advanced trading platform offered by worldtradex, providing enhanced charting tools, additional timeframes, and more order types compared to MT4. With its comprehensive tools and improved functionality, MT5 is ideal for traders who require advanced options to optimize their trading strategies.
Transparent trading conditions
- worldtradex’s ECN account is tailored for high-volume traders who require the tightest spreads and fast execution.
- These labels denote some milestone that the Master Traders have reached, although their performance and results can vary.
- Rather than specializing in any one field, worldtradex provides a wide assortment of content types.
- To open your first worldtradex trading account, sign up and follow the instructions.
- With its tight spreads and fast execution speeds, worldtradex caters to both new and experienced forex traders.
- worldtradex offers several account types, including the Micro, Pro, and ECN accounts.
worldtradex may be best suited if you are new to trading and live in a region where you require support in non-English languages, such as Southeast Asia. Our market analysis service offers the latest currency rates, including EURUSD and GBPUSD, intelligent technical analysis tools, and daily market insights from our experts. Enjoy smooth and convenient trading with user-friendly interface on a fast and stable platform. To open your first worldtradex trading account, sign up and follow the instructions. You can always open more trading accounts on different trading platforms for free. worldtradex offers a variety of trading platforms, including MetaTrader 4 and MetaTrader 5, which are known to every trader.
MT4 platform available
Over two years of research and development, we have interviewed traders worldwide, discussing the platform’s usability. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon.
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. Overall, worldtradex has streamlined the deposit and withdrawal process, making it convenient and efficient, without imposing any extra fees. These trader-friendly policies lead to worldtradex receiving a top rating for its deposit and withdrawal procedures.
For more experienced traders, worldtradex provides advanced analytical tools, including charting capabilities and various technical indicators. 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. worldtradex does have a demo account offering for practicing trading strategies with virtual money in a risk-free environment. It also provides Islamic (swap-free) accounts that comply with Sharia law. worldtradex has good educational and training tools for beginners as well as expert traders.
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In addition, worldtradex boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders. worldtradex offers a mere 257 tradeable instruments, which varies by platform, with the most on its MT5 offering. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
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Founded in 2011, worldtradex (formerly worldtradexFX) is part of a group of global entities, which include worldtradex Markets LTD (based in the island of Mwali) and worldtradex Markets Cyprus Ltd (based in Cyprus). worldtradex also provides financial services through its intermediary, Orinoco Capital (based in South Africa). Lastly, worldtradex also has an entity regulated in Mauritius, through Uni Fin Invest .
Tradingworldtradex: smart trading app
A trading account is where you store funds and trade currencies or https://worldtradex.world/ other assets. You can create multiple trading accounts for your worldtradex profile, each with its own balance and leverage. worldtradex offers a variety of educational tools, including webinars, tutorials, and articles, aimed at helping traders develop their market skills. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
This structure provides flexibility and the potential for profit in both rising and falling markets, making it a convenient option for those looking to diversify their trading portfolio with commodities. By offering CFDs, worldtradex ensures that traders can easily participate in the commodities market with lower capital requirements and enhanced leverage options. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process).
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. Create and manage trading accounts, deposit and withdraw funds, and engage in swap-free trading right from your mobile device with our official worldtradex broker app. Given its responsive and multi-channel customer service and the supplementary resources provided for customer support, worldtradex showcases a strong commitment to assisting its clients. There is certainly room for enhancement, such as the introduction of 24/7 support, yet the existing offering should meet the needs of the majority of traders and can be considered dependable. This allows less experienced traders to learn from and imitate the trading strategies of successful traders. Therefore, it not only facilitates learning for beginners but also potentially enhances trading outcomes.
