It’s worth noting that worldtradex’s primary execution venue is one of its own entities in St. Lucia. worldtradex’s trading environment is best for regular market participants for active traders. However, at times High-volume traders or like pattern traders might find it as limitation since commission basis account is preferred for easier calculation of trading https://worldtradex.world/ costs. Three account types cater to traders with different levels of experience.Spreads are competitive, especially in forex and shares.
Our market https://worldtradex.club/ 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. worldtradexFX provides a highly accessible Copy Trading service, designed to benefit both beginners and experienced traders. This feature allows users to replicate the trading strategies of successful traders (referred to as “Master Traders”) automatically.
The trading experience is enhanced by the availability of more than 25,000 custom indicators and plugins; the interface is simple, and navigation is easy. However, traders may be charged third-party processing fees—which worldtradex has no influence over. Furthermore, although worldtradex does not charge inactivity fees, traders who deposit or withdraw in currencies other than USD or EUR could have to pay for the conversion.
Islamic account feature released
Besides, another license was obtained in South Africa regulated by FSCA giving a better expansion and regulated access to Africa Market. Customise your account—real or demo—or just create a standard margin account in one click. Read what actual users and industry experts say about us online in broker reviews. Only the traders themselves could give us a better insight into their preferences.
A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). worldtradex does have a proprietary mobile app for trading, as well as for social copy trading (the worldtradex Copytrading app), yet it still trails behind industry leaders such as IG and Saxo. worldtradex (formerly worldtradexFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. What is also great, there are no charges for deposits so you won’t pay any commission, however always define it with your payment provider or Bank itself as an international rule varies from one jurisdiction to another.
Deposit Options at worldtradexFX
The “Space” functionality, which provides tailored trading ideas and market analysis straight on the platform, is one prominent feature. This function gives pertinent insights in real-time, hence improving decision-making. The technology also ensures quick order execution and device synchronization, therefore enabling traders to move between desktop and mobile easily. Beginning and expert traders can use the worldtradex web platform because of its easy-to-use interface.
Contests and offers
With our findings on worldtradex, both platforms support various versions that you may access either just by loading through your browser without any installation which is very useful WebTrader, yet Web Trading iis always limited with tools. Fee table see below, also always consider other than trading fees like funding fees and inactivity. worldtradexFX offers a variety of deposit and withdrawal methods to accommodate traders worldwide, ensuring transactions are convenient, fast, and cost-effective. Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), worldtradex’s lack of additional reputable licenses heavily weighs down its Trust Score. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. worldtradex has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers.
We launched our trading app on iOS
Your account may be eligible for certain CySEC protections – in the extraordinary event of worldtradex Markets Cyprus Ltd.’s bankruptcy, for example, you’ll be protected for up to 20,000 euros from the Investor Compensation Fund (ICF). In South Africa, worldtradex provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). Available for Android and iOS smartphones, the worldtradex MobileTrader app offers a flawless trading experience.
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. Overall, with our research we find worldtradex ensures that customer information stays private by using cutting-edge encryption technologies to guard financial transactions and sensitive data. The broker also provides negative balance protection, therefore shielding customers from losing more than their account balance in a declining market. worldtradex, with a trust score of 70, is regarded as having ordinary risk, thereby giving traders a fair degree of confidence about its dependability and operational integrity. Founded in 2011, worldtradex holds a regulatory license in Europe via its Cyprus-based entity – worldtradex Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC).
It is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number and by the Mwali International Services Authority (MISA) in the Comoros Union. worldtradex Markets Ltd. holds an International Brokerage and Clearing House License, further enhancing its credibility. Additionally, worldtradexFX is registered with the Financial Services Authority (FSA) of St. Vincent and the Grenadines, offering a robust multi-jurisdictional regulatory framework. 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.
Spanning across the globe, worldtradex is subject to regulation by several authorities including the FSCA, MISA, and CySEC, reflecting the diverse regulatory landscape governing the activities conducted by worldtradex. worldtradex is an STP Forex Broker also runs high standards of secure trading environment, as of the regulation it imposes. The offering to the clients is wide and even comprehensive since it proposes the same if not more investment opportunities to the world trading community. Log in to your online trading account or download the app and launch it to start trading Forex pairs and other assets. We offer convenient portfolio management, transparent trading conditions, helpful educational materials, and easy-to-use service where nothing distracts you from making a profit. These services empower worldtradexFX users to refine their skills, maximize profits, and benefit from a collaborative trading environment.
- Log in to your online trading account or download the app and launch it to start trading Forex pairs and other assets.
- Additionally, worldtradexFX is registered with the Financial Services Authority (FSA) of St. Vincent and the Grenadines, offering a robust multi-jurisdictional regulatory framework.
- I was also pleased to see a risk score assigned to each trader, to help users differentiate between traders with historically conservative results versus those that have had more volatility and risk.
- worldtradex provides various special tools and features that improve the trading experience outside of traditional platforms and typicall tools provided by the research avialable on site.
- Besides, another license was obtained in South Africa regulated by FSCA giving a better expansion and regulated access to Africa Market.
How can I change the type of my worldtradex trading account?
Under its European CySEC license broker operates also a global offering from international entity, therefore we advise to check on carefully under which regulation you will fall as it may propose different trading conditions. A trading account is where you store funds and trade currencies or other assets. You can create multiple trading accounts for your worldtradex profile, each with its own balance and leverage. Everything you need to start trading from beginning to advance level, this website is providing you. Their educational videos are up to the mark and one can learn everything about trading from beginner to advanced levels of Forex Trading.
Rather than specializing in any one field, worldtradex provides a wide assortment of content types. 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.
About webwolf
Speak Your Mind