For instance, I found that the content on the worldtradex Blog is not updated daily across all categories. Filippo Ucchino is the founder and CEO of the brand InvestinGoal and the owning company 2FC Financial Srl. Filippo Ucchino started his trading career in Forex trading in 2005. He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family.
worldtradex Tools and Resources
It discusses the company’s history, tradable assets, regulations, reputation, and a step-by-step procedure on opening a user account. The account opening process of the broker is straightforward and can be continued if accidentally stopped. Clients are, however, not allowed to withdraw from their accounts unless the account is verified.
The next-gen platform supports scripts, libraries, customer indicators, and expert advisors. worldtradexFX offers the most well-known and used platforms in the market from Metaquotes which are Metatrader 4 and Metatrader5. Gaining the licenses doesn’t mean the broker or the institution won’t have to review or update their rules and technology. Any financial organization with a license to trade in the forex and CFDs market, must follow and always update some criteria in order to keep up with the constant appraisal taking place by the financial regulators. Since scams and fraud are quite the issue in the forex market, I thought it would only make sense to make the first and foremost important section of this worldtradexfx review discuss the regulation and safety of funds. Regulations are technically the first and foremost criterion to determine the trustworthiness of any forex broker.
While I may explore owning and storing crypto in the future, right now I’m happy trade CFDs on worldtradexFX and get my feet wet in this exciting new market! And unlike holding coins in a wallet, my crypto CFD trades aren’t at risk from hacking, lost keys or forgotten passwords. worldtradexTrader could be a good choice if you want a modern, user-friendly platform designed specifically for worldtradex’s trading environment. Now for experts who swear by the industry standard MetaTrader platform, worldtradexFX has you covered there too.
ALso, the points worldtradex does not win include instrument selection, lack of commission based accounts and more of the basic choice of platforms, buut spreads and costs at worldtradex are considered good. While other Brokers like Pepperstone or worldtradex, also IC Markets might be more appealing for platforms fees, education and their high reputation too. worldtradex withdrawal options are the same Bank wire for all accounts, there is no Credit Cards supported for Cyprus entity. worldtradex also covers fees so you may access your moany at any time and receive it relatively quickly. Usually, worldtradex confirms withdrawals within 1-2 business days, but allow extra days for your Bank to process the transaction.
Investment Programs and Account Types
- This includes an economic calendar, daily analysis posts, as well as trading signals and market insights.
- It provides in-depth research conducted by in-house analysts and access to third-party tools such as AutoChartist.
- CTrader has a desktop version, and is also available in apps for android and iOS.
- In our tests for the Trust category, we also cover factors relating to stability and financial strength.
Those interested in copy trading can download the worldtradex Copytrading app from Google Play Store. For further inquiries on a copy trading feature or two, worldtradex offers client assistance in the form of 24/7 live chat. Upon further checking, we are informed that their client support will respond to any further inquiries within 30 seconds.
It has several entities around the world and provides services by industry standards. 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.
These are Gold, Silver, WTI, Natural Gas and Brent Crude oil, with the oil commodities only being available to trade through MT5. In some places, you will also be allowed to make deposits through Bitcoin. In terms of the time it takes, wire transfers can Worldtradex website take 3-7 business days to complete, while the other deposit methods are all typically instant. worldtradexFX doesn’t charge traders any commission for holding an order overnight. Here you can benefit from the ICF insurance protections provided in the case of bankruptcy or insolvency. This physical office presence is still quite light compared with other major brokers, but worldtradexFX does offer trading worldwide.
worldtradex Regulatory Overview
- This includes a 50% bonus on the user’s margin, which allows you to take on larger positions but as with any broker it is always advisable to thoroughly read the small print before committing.
- The option of sending an email to the broker is also available and the reply rate is quite satisfactory.
- The worldtradexFX Copy Trading feature simplifies the journey for those looking to follow in the footsteps of successful traders.
- From the worldtradex app, users can open positions in the worldtradex account as well as in MT4 and MT5, which can also be done using those specific applications.
I got many queries about the worldtradexFX scam or the possibility of the forex broker being a reliable one. However, one should also consider worldtradexFX’s fee structure and the requirements to access certain features, such as the VPS service, which requires a $500 initial deposit and a monthly trading minimum. Furthermore, Emirati traders have complete control over the withdrawal of their accrued rebates based on the withdrawal options available. A 5% loyalty bonus and a point-based system that adds 1% to the earned rebate round out the program’s dual-benefit structure. Rebates are credited directly into traders’ accounts weekly, providing maximum convenience.
Founded in 2011 in St. Vincent and the Grenadines, worldtradexFX is making sure to provide its clients with the best trading experience they can have. Furthermore, worldtradexFX’s competitive spreads and leverage options add to its allure, but it is important to note that, like all trading platforms, worldtradexFX has drawbacks, such as occasional technical issues. According to our research, worldtradexFX has established a solid reputation in the forex trading industry, owing to its feature-rich platforms catering to novice and experienced traders. worldtradexFX provides a solid copy trading service that promotes a social trading environment. Overall, worldtradexFX can be summarized as a trustworthy and regulated Forex Broker with competitive trading fees.
Popular Forex Guides
Although you can deposit with your local currency, it gets converted to USD regardless. These are two offshore regulators that allow worldtradex to provide secure financial services in 180 countries. Another decent addition I found on MT5 is the native economic calendar which shows the times of upcoming economic announcements that can impact your trades.
4 of these are available for trading through MT4 and this offering includes major indices from the EU, US, Australia, and Japan. The spreads here start at an extremely competitive 0 pips with $5 per side per lot of commission, or from as low as 0.2 pips with no commission depending on your account type. The worldtradexFX Masters fee is applied if you are copy trading with the broker.
Is worldtradex suitable for spread betting?
worldtradex provides a solid range of educational materials, including articles, videos, webinars, and a video course. Content is updated frequently and is accessible to all levels of traders. A broad range of topics, from technical analysis to trading strategies and platform tutorials, are covered. With a perfect score in this category, worldtradex has gone above and beyond to educate its clients. The account opening process at worldtradex is fully digital and can be completed within minutes via the company website. The broker offers three main account types; worldtradexFX MT4, worldtradexFX MT5, and worldtradexTrader.
You can get in touch with us via live chat or email at if you have any additional questions. Dear Igwe,Thank you for such a high rating and for sharing your feedback with our worldtradex Trading platform. We are delighted to know that our traders are utilizing the service we provide. We shall strive harder to provide the best user experience to our customers.