worldtradex Review 2024 Key Features, Pros, and Cons
These contests are open to traders of all experience levels and provide a fun and competitive way to showcase trading skills. Participants can join these events and compete for top spots, earning valuable rewards along the way. Established in 2010 and headquartered in Cyprus, worldtradex is a financial derivatives broker known for its extensive range of trading tools and features. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money so that they can open bigger positions.
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- We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
- The broker provides localized support and offers services tailored to meet the needs of traders in the Asian market.
- It consists of actionable trading signals, a robust market sentiment gauge, detailed market breakdowns, and more.
Tradable Instruments
The glossary provides clear definitions of common trading terms, ensuring that traders have a strong grasp of the language used in the financial markets. This resource is especially useful for beginners who are just starting their trading journey. worldtradex provides a diverse range of highly informative educational materials in both written and video formats. The broker has published multiple eBooks and hosted hundreds of webinars, along with maintaining a podcast with regular episodes.
worldtradex Main Features
- Additionally, multiple trading accounts can be registered through the worldtradex Client Portal, allowing for greater flexibility when managing different strategies or products.
- For those looking to test trading strategies, worldtradex also offers Cent accounts.
- It is fully equipped with front-end terminals and back-office reporting functions.
- However, I also spotted that the broker’s website does not display live spread data.
Previous versions of the software, such as 5.0, and 4.0, are also available, offering users flexibility based on their specific needs. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. In conclusion, I rate worldtradex to be a reliable broker that caters well to day traders and algorithmic traders. When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. The MetaTrader app stands out for its convenience, making it an essential tool for adjusting trades, especially during periods of heightened volatility.
These demo accounts are ideal for beginners who want to learn how to trade or for experienced traders who wish to test new strategies without risking real money. worldtradex offers daily market news and analysis to keep traders informed about the latest developments in the financial markets. The broker’s team of analysts provides expert commentary on currency movements, economic data releases, and geopolitical events. This information helps traders stay ahead of the curve and make well-informed trading decisions. With over a decade of industry experience and more than 1.5 million clients globally, worldtradex is a well-established broker.
New traders at worldtradex can take advantage of a generous welcome bonus, which provides additional funds based on the initial deposit. This bonus is designed to give new clients a strong start in their trading journey by increasing their available capital. Specific details of the welcome bonus, including the percentage and maximum bonus amount, may vary, so traders should check the worldtradex website for the latest offers and terms. It is fully equipped with front-end terminals and back-office reporting functions. The worldtradex trading platforms are designed to facilitate a practical, powerful and efficient trading experience. Bespoke technologies empower our clients to trade with precision, without slippage and re-quotes.
Fees and Commissions
While it offers a variety of trading instruments and platforms, its overall offerings and ratings are average in the competitive forex market. This allows you to trade indices on various markets across the globe with deep market liquidity and easy to use trading platforms. Clients are supported in over 30 languages, 24/5, and can access their personal trading account from MT4 on desktop or trade on the go. In addition, the broker offers daily, updated educational and market news delivered by a multi-lingual professional research team. Entering the financial markets with worldtradex is simple, transparent and supportive for all levels of investors. Yes, worldtradex offers demo accounts that allow traders to practice trading in a risk-free environment using virtual funds.
worldtradex Account Opening Process
It offers a range of safety features, including negative balance protection to shield traders from losses exceeding their deposits. Additionally, the platform employs SSL encryption to secure all transactions and customer data, further enhancing the overall security of trading with worldtradex. Although worldtradex offers 26 futures contracts, there are no vanilla options, ETFs, or bonds that most swing traders use.
worldtradex is an award-winning global online trading broker that offers STP/ECN services to retail and institutional investors alike. I found the broker to have rapid trade execution speeds and competitive costs. You can trade a great selection of over 300 financial instruments with a wide variety of account types to choose from, spreads as low as 0.0 pips and support in over 30 languages. I think they can be a good choice for beginners as there are plenty of educational resources and free demo accounts so that you can practice trading online. The minimum deposit required to open an account is only $100 which is great when you consider the industry leading trading platforms and conditions they offer. The broker’s advanced trading platforms, competitive spreads, and risk management tools ensure that traders can trade efficiently and confidently across multiple asset classes.
Is worldtradex a market maker?
Each clients account is provided with a unique code which is used to ensure that the funds are only for the funding purposes. One thing in particular I like that sets worldtradex apart from many other trading brokers is their admirable support for a wide range of philanthropic and charitable activities. Going beyond daily operations, they engage with local communities, assisting in medical research and education. This shows strong business ethics and a responsible corporate attitude by supporting community development. Worldtradex reviews worldtradex MetaTrader supports a wide range of operating systems—Windows XP, Vista, 7, 8, 10, and 11—making it highly versatile.
Additionally, researching what the MT4 platform offers in terms of features and tools will help in making an informed decision. worldtradex offers a diverse range of tradable instruments, catering to the needs of traders looking to diversify their portfolios across multiple asset classes. With access to over 500 instruments, worldtradex ensures that traders have numerous options to explore and capitalize on market opportunities. worldtradex offers a wide range of retail and professional accounts with different pricing mechanisms and no minimum deposit requirements. While it provides competitive spreads on certain instruments like TSLA, its spreads on EUR/USD and GBP/JPY are higher than the industry average. On the positive side, deposits and withdrawals are free, and the broker’s inactivity fee is relatively low.
The broker also offers downloadable e-books that serve as comprehensive guides to forex and CFD trading. These e-books cover a wide range of topics, from understanding market mechanics to developing effective trading strategies. Traders can download these resources and refer to them at their convenience, building a strong foundation in trading knowledge at their own pace.
worldtradex is one of the few brokers that offer traders the flexibility to choose between fixed and floating spread accounts. It supports the MetaTrader 4 platform but does not offer MetaTrader 5 or a proprietary trading platform other than its copy trading app, TradeCopier. With an average recommendation, it provides essential trading tools and a variety of tradeable instruments but does not stand out significantly from its competitors. I am really impressed with the variety of accounts and think it is very advantageous how you can choose depending on what matters the most to you, whether that be low spreads or no commission fee.
Additionally, multiple trading accounts can be registered through the worldtradex Client Portal, allowing for greater flexibility when managing different strategies or products. The broker provides featured trading ideas from Trading Central, offering day traders insights into developing market setups. While it offers a range of supporting tools, it had above-average spreads on instruments like GBPJPY and US30 during my test and lacks an alternative to MT4. worldtradex is a globally recognised award-winning CFD broker offering a great range of trading products and services to retail traders and institutional investors.
Futures
For those interested in trading global stock market indices, worldtradex offers a wide selection of major indices, including the S&P 500, NASDAQ, Dow Jones, FTSE 100, DAX 30, and more. Trading indices allows traders to speculate on the performance of entire sectors or national economies rather than individual stocks. worldtradex provides competitive spreads on indices and supports both long and short positions, giving traders flexibility in various market conditions. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Based on its rating for education and beginners, it provides an average educational experience. You can use the worldtradex online trading platform or the Iron FX Trading terminal or the mobile platforms which are different versions of MT 4. This article is going to enlighten you about all the aspects of the worldtradex trading terminal and web trading platforms. worldtradex does not offer trading services to residents of certain jurisdictions including USA, Cuba, Sudan, Syria and North Korea. If your country is not accepted, please feel free to take a look at our broker comparison tool for alternative options.
