Overall, worldtradex can be summarised as a trustworthy and highly regulated Forex Broker that has a significant presence in Malaysia. worldtradex offers an easy-to-use social copy trading platform with high levels of security, trustworthiness, and excellent customer support. worldtradex provides only a few text-based guides as their educational tools for new traders along with their standard demo accounts to practise. They provide tons of customisation options, indicators, layouts and features for traders to create their own studies.
How does worldtradex make money?
To avoid unexpected costs during withdrawals, traders should consider these potential fees beforehand while planning their withdrawal strategy. Additionally, the broker actively aids traders by decreasing their expenses through lower trading costs made possible by narrow spreads. The broker offers you 70 trading instruments in an array of asset classes. You’ll also enjoy fair trading fees, as well as research and educational tools to help you to advance.
worldtradex Platforms & Assets Review
The most interesting one of these tools is the Market Scanner, a tool that provides sell and buy signals based on common indicators such as 200 EMA, 30 EMA, RSI and many more. While their spreads are never a zero offer, they are competitive for being a commission-free brokerage. worldtradex charges spreads, withdrawal fees, inactivity fees and overnight fees.
Yes, worldtradex is regulated by multiple top-tier authorities, which enhances its credibility and reliability as a broker. These regulatory bodies enforce stringent security standards, ensuring that worldtradex operates with high levels of integrity and transparency. The worldtradex Active trader account is tailored for frequent traders seeking premium features. Benefits include dedicated support, tighter spreads, and no commissions for UK residents. Active traders enjoy exclusive services like one-on-one consultations, API access for automated trading, and market-depth insights.
worldtradex is conducting research and education seriously while executing them well. These tools may include technical analysis software, charting apps, market scanners, and risk management calculators. ✅Commodities – This broker offers a range of six commodities, including popular commodities like gold and oil.
Their foundations are typically rooted in technical and fundamental analysis, or as a hybrid of both methodologies. Novice and experienced traders alike frequently look to trading signals for guidance on whether to buy or sell in the live market. No matter if you are trading the majors, minors, crosses, or select exotics, you will never be without fresh trade ideas.
Furthermore, the platform could benefit from more diverse account types to meet the varying needs of traders. worldtradex’s customer service is excellent, with support available 24 hours a day, seven days a week via live chat, email, and phone. The support team is knowledgeable and quick to resolve issues, which is critical for traders who need assistance immediately. Our extensive experience with worldtradex has revealed it to be a solid and dependable trading platform, especially for traders interested in forex, CFDs, and social trading.
The broker provides many trading platforms, including the proprietary Trading Station, MetaTrader 4, TradingView Pro, and ZuluTrade. Its seamless integration with the trading accounts enables traders to monitor markets, execute trades, and manage portfolios anytime from any location. For traders who prioritize the ability to trade on the go, the worldtradex App provides a mobile solution. With its intuitive interface, this software presents real-time data and interactive charts alongside trading tools.
What documents do I need to open an worldtradex account?
This includes a selection of major, minor, and exotic pairs with some forex futures also available. The spread here typically starts from 1.3 pips for EUR/USD unless you are in the active trader program where this can drop to 0.2 pips. The Rebate Program is especially noteworthy, rewarding active traders based on trading volume, a feature not found on many other platforms.
All other deposit methods do not have a minimum deposit requirement however may have limits on how much can be deposited each month. When making a deposit into your account with a credit card or debit card (Visa or MasterCard) there is a minimum of $50 per deposit and a limit of $30,000 per month for all worldtradex clients. worldtradex operates four subsidiaries around the world that are overseen by different financial authorities.
Does worldtradex charge withdrawal fees?
As you can see from the image below, this is new, and prior to this, worldtradex might not have had any promotions, competitions, affiliate programs, etc., that other brokers offer. To view the channels of customer support that are available to clients you will need to head to the contact worldtradex page. Here you will find details on their Email support, phone, and a complete list of international offices and their numbers.
- I like the trading environment at worldtradex, especially for high-volume traders using algorithmic trading solutions.
- Digital banks typically offer various currency options for banking accounts at favorable exchange rates and free or cost-effective international wire transactions.
- This type of trading allows you to copy the trades of experienced traders, making it a great choice for beginner traders wanting to learn the trading strategies of successful traders.
- worldtradex is a legitimate forex broker with a long-standing presence in the industry since 1999 and dozens of industry accolades.
The adjustment, referred to as a “surcharge,” is implemented in place of interest payments. Affiliates are assisted by dedicated affiliate managers who guide them at every stage. Furthermore, you can access various marketing materials, such as banners and tools in various sizes.
Does worldtradex Have Research And Education Services?
I always recommend that traders check them before evaluating the total trading costs. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. If you want to start practicing without making a deposit, you can open up a free demo account. This lets you assess the broker’s research and educational resources and practice trading. worldtradex allows clients to trade in Forex, stocks, indices, commodities, and cryptocurrencies, providing diverse trading options across several marketplaces.
Risk Management
- Traders can enjoy these benefits through a 14-day trial for Live Accounts.
- What’s more, you can interact with customer support via your desktop or mobile device.
- The same layout applies to their indices page, and here you will see that they offer most of the popular indices from around the globe.
- worldtradex is well-suited for beginners, providing comprehensive educational materials and user-friendly platforms.
For more details about worldtradex’s customer support, visit the worldtradex customer support page. worldtradex offers tight spreads on major currency pairs, which is particularly advantageous for those using Active Trader accounts. These accounts enjoy spreads starting as low as 0.2 pips, catering to professional and high-volume traders who require narrow spreads to maximize their trading efficiency. For those using Standard accounts, spreads are slightly wider, beginning at around 1.3 pips for major pairs such as EUR/USD. This arrangement makes worldtradex a suitable choice for retail traders who might not trade as frequently or with as much volume.
After completing the steps above, your account will be deactivated, and you will no longer have access to worldtradex’s trading platforms. After configuring the platform, you can begin trading by selecting currency pairs, CFDs, or other worldtradex-offered financial instruments. This financial instrument enables traders and investors to profit from potential price fluctuations without owning the underlying asset. Spread betting simplifies the process of gaining exposure to the financial markets.
These include a variety of indicators, charting analysis, Worldtradex company reviews and other add-ons. With MT4 you will get a platform that is highly secure, extremely robust, user friendly, and lightweight enough to run on almost any device. You will also have access to a huge range of charting tools and indicators as well as the ability to auto trade and employ strategies through the EAs feature. worldtradex’s liquidity providers include global banks, financial institutions and other market makers.
worldtradex is a zero commission broker that offers very competitive dealing spreads on CFDs and forex currency pairs. If you trade a notional amount of over $10 million per month, you qualify for a rebate for the trades you placed that is credited directly to your trading account the following month. This Broker sets itself apart from other brokers by offering a commission-free trading structure on regular accounts. The availability of MetaTrader 4, TradingView, an assortment of add-ons for algo trading, and its own proprietary platform Trading Station provides traders with excellent technical resources.
