He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. On the other hand, worldtradex does not offer any alternative trading platforms and does not incorporate any third-party tools. Moreover, I evaluated its trading fees to exceed the industry average.

Account Opening

There is a generous selection of financial instruments to choose from and account types for everyone. Beginners can get access to free educational resources and a demo account to practice trading online. When you are ready, you can open a real live trading account in just minutes with a deposit starting from just $100. Furthermore, worldtradex is known for its competitive pricing structure, featuring tight spreads, low commissions, and minimal trading fees. This cost-effectiveness, combined with flexible account types, makes it a suitable option for traders with different levels of experience and trading styles.

• You can open a demo account right here at worldtradex and gain full access to a trial version of MetaTrader 4 (MT4).
• The most prominent things on your screen once you open up MetaTrader 4 are your watchlist and charts.
• He earned a Bachelor’s degree in Economics and International Relations.
• Since all CFDs involve leveraged trades, traders need only a small deposit, called margin, to open a large position.

Open and fund your account

The fee is applied by the broker so traders can continue holding a leveraged position after active market trading hours. worldtradex’s deposit and withdrawal options align with the offerings of many other brokers in the industry. Credit/debit cards, e-wallets, and bank transfers are common choices among https://worldtradex.live/ brokers. Also, to standardize forex transactions, traders trade currencies in lots, which are usually large because forex prices are likely to move in small amounts. 1 micro lot is 1,000 units of the base currency and 1 standard lot is 100,000 units.

• Each account type is designed with different features and benefits to cater to various trading styles, risk appetites, and investment levels.
• This hands-on approach allows us to assess the broker’s performance across key areas such as execution quality, platform usability, fee structures, and customer support.
• Alternatively, you can open a free demo account to see what the broker has to offer and to brush up on your trading skills before making a commitment.
• Specifically, you can speculate on the value of one currency against another, such as EUR vs USD, through CFDs.

Fixed spreads allow you to trade with predetermined and steady spreads without worrying about sudden changes. With floating spreads, you can access more competitive spreads, but these are flexible and could fluctuate according to market conditions. worldtradex offers a diverse range of investment opportunities, making it a competitive player in the online trading brokerage industry. Here, we’ll delve into worldtradex’s offerings, compare them to other brokers, highlight its strengths, areas of improvement, and address the availability on various platforms. Register with your preferred CFD broker and deposit funds to start trading.

Thanks for the lessons and for the spreads

Moreover, there is no need to download any other software to use the WebTrader platform. The platform offers additional features like one-click trading and several chart windows for comparing various assets. Both the trading platforms are free and come with T4 trade, therefore traders do not have to pay anything extra. The trading platform promotes traders to find financial freedom in the global market. worldtradex offers a choice of 300+ trading instruments, Forex, commodities, indices, shares, and futures.

Can I use a demo account?

They are held frequently in several languages – English, Chinese, Arabic, and Malay. The webinars are geared towards beginners, intermediate-level, and advanced traders. At the time of my review, there were 5 upcoming webinars, all in Arabic. I quite appreciated that there is detailed personal info about market experts who lead the webinars. Most deposit and withdrawal requests are processed by worldtradex within 24 hours. In most cases, payments to and from worldtradex accounts are free of charge, though third-party banking fees may apply.

A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. This website is not directed at EU residents and falls outside the European and MiFID II regulatory framework.Please click below if you wish to continue to worldtradex anyway. When you buy a CFD contract, you speculate on the price movement of the underlying asset.

No lags, interruptions, malfunctions, sudden shutdowns or whatever else. These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency. Among the financial service providers, there are fraudsters that we promptly report. Feedback and rankings from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders.

Luckily, worldtradex has both of them too, along with a good reputation. I would like to see cryptocurrencies for trading because the world changes and a broker has to go with the times. This broker has many assets, but id love to see them add crypto.

Founded in 2006, in Seychelles, the trading platform is authorized and regulated by the Seychelles Financial Services Authority. Apart from this, the forex broker is also linked with Damadah Holding Limited which makes sure that the broker adheres to all securities commission rules and regulations without any Trade scam. The best forex broker is the one that is heavily regulated and ensures the safety of all clients. worldtradex has regulatory oversight from the FSA in Seychelles, segregates client deposits from corporate accounts, offers negative balance protection, and has a clean track record. worldtradex offers the TradeCopier platform for both professionals and amateur traders. If you’re confident in your trading skills, become a strategy provider and let others copy your trade and earn up to 40% performance fees.

For example, a long position on gold would generate profit Worldtradex scam as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. However, as a trader who relies heavily on precise technical analysis, I am highly skeptical of MetaTrader 4. At least when it comes to executing penetrating technical analysis. MetaTrader 4 has many essential features, such as one-click trading, an alarm setting option, and a depth of markets tool.

Withdrawal requests are typically processed within 24 to 48 hours, with the actual time to receive funds varying based on the payment method. The absence of broker-imposed withdrawal fees adds to the overall cost-efficiency of trading with worldtradex. One of the major advantages of worldtradex is that it does not charge any fees for deposits. This means you can fund your trading account without incurring any additional costs, regardless of the deposit method you choose. worldtradex supports a variety of deposit options, including credit/debit cards, bank wire transfers, and popular e-wallets like Skrill and Neteller.

Additionally, worldtradex supports a wide range of payment methods and multiple account currencies, ensuring convenient deposits and withdrawals. worldtradex is a powerful broker that offers its traders a secure trading environment, flexible leverage, competitive spreads, fast withdrawals and deposits, and quick execution speeds. Traders can also trade 300+ financial instruments across several asset classes like stocks, forex, metals, commodities, futures, indices, etc.

You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades. MetaTrader 4 is easy to navigate because of its simplistic design. It could be argued that MetaTrader set the standard for how retail platforms should be organized.