With this bonus, traders can get compensated for their losses, up to $500. Our over 15 years of experience in financial markets and high technical knowledge aid in precise and timely identifications. Our independence from brokers and the companies we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria. One of worldtradex’s standout features is its comprehensive and insightful research and educational content. Among the drawbacks I found were the lack of an alternative to the MetaTrader 4 platform and elevated spreads on certain popular instruments, such as EUR/USD and GBP/JPY.

Desktop Experience

• My test indicated that the spreads on this account are broadly average to high compared to the industry benchmark.
• worldtradex is one of the few brokers that offer traders the flexibility to choose between fixed and floating spread accounts.
• The market is continually evolving and never static, so it is important to hone your skills in a safe environment.
• This platform is also available on web browsers for traders who prefer not to download external apps.
• worldtradex does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan, Syria and North Korea.

Also, the broker charges a sizeable 3% of deposited funds when withdrawals are requested during periods of inactivity. Armed with account login details, you will get straightforward order execution, with instant execution and pending orders available. MT4 promises advanced charts with nine timeframes, over 30 built-in technical indicators, real-time news, plus automated trading capabilities. The MT4 platform can also be upgraded through MetaTrader’s Market and Signals, where users can buy technical indicators, add-ons, and signals for copy trading. If you need help, just contact our customer support at   or use the live chat in the bottom-right corner. Broker research materials have been neglected, generating the biggest black mark in our review.

Appealing trading terms

Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies. “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning. The training programs are designed based on tools for traders of all levels, from “beginner to advanced.”

Forex

worldtradex offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles. Money managers can also benefit from a personal multi-account manager (PMAM) that allows trading of multiple Metatrader accounts. Professionals trading their own accounts may wish to look elsewhere, despite tiered pricing, due to the lack of volume discounts or a proprietary high-end trading platform. Finally, the fine print advises that spreads widen significantly during volatile and off-market periods, even with fixed spread accounts. Client funds are segregated from company funds, reducing the potential for misuse.

• ECN and Zero Spread accounts have no spread and charge a commission based on the number of lots traded instead.
• The things of main importnac for me, were okay at this broker’s platform.
• So now your withdrawal will be denied as your trading.This just goes on and on.
• Among the financial service providers, there are fraudsters that we promptly report.
• Those who want to trade from a mobile device will have to use a mobile version of MetaTrader 4.

As a trader who prioritizes flexible charts that are easily scalable, I find MT4’s charting capabilities too rigid and less effective. However, I also spotted that the broker’s website does not display live spread data. According to its LinkedIn page, worldtradex has been in operation for 15 years and employs over 600 people—both indicators of its stability.

worldtradex Broker Bonuses and Promotions

We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. If you have at least $250 on your trading account, you can access the bronze package, which I use, and join analysis discussions that are always going on. Plus, this is an excellent tool for exploring other markets than the one you are focused on. worldtradex uses standard security features to keep clients’ personal information secure, including website encryption. Our team were also pleased to see that the broker offers negative balance protection, meaning traders cannot lose more than their account balance. Mobile users benefit from total trade management without having to sacrifice functionality.

worldtradex is an ideal choice for news traders because of its comprehensive market research offering. It consists of actionable trading signals, a robust market sentiment gauge, detailed market breakdowns, and more. worldtradex offers an innovative copy trading solution through its TradeCopier platform. This allows traders to leverage the expertise of successful traders or share their own strategies with others. worldtradex has established itself as a global force in the online trading industry. With over a decade of experience, this broker has built a reputation for providing top-notch trading services to retail and institutional clients worldwide.

As such, worldtradex does not have its own proprietary platform but does offer the full range of MetaTrader 4 platforms. worldtradex seems to offer different bonuses, depending on countries and timing. In the past, they have offered $25 no deposit bonus after signup. Instead, in some countries they offer a Limited Protected Traders Bonus.

Feedback and rankings from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders. Tempting trading conditionsHowever, my attention to worldtradex was captivated by its outstanding reputation with traders. The trading platform has been very convenient and easy to navigate. I also love how cost-effective this platform is, the broker has beginners in mind.

The broker provides regular market breakdowns, featured trading ideas, a comprehensive market sentiment tool, and more. A key advantage of trading CFDs is the ability to enter and exit the market almost instantly, enabling traders to capitalize on even minor price fluctuations in the derivative. Contracts for Difference (CFDs) are financial derivative instruments that allow traders to speculate on the price movements of an asset without owning the asset itself. worldtradex provides free Virtual Private Server (VPS) hosting to high-volume traders interested in achieving lightning-fast order execution speeds and stable internet connectivity. MetaTrader 4 is a good option for fast and simple order execution. However, its dated and rugged design is inferior to newer and sleeker platforms.

We are implementing the latest technologies to ensure the transparency, security and rapid execution of the account funding procedure. Fill in the information below and start exploring trading opportunities.

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. In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.

They do offer a Mirror account, but that’s a hedging tool, not a social trading interface. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis.

For those looking to test trading strategies, worldtradex also offers Cent accounts. They are ideal for algorithmic testing, allowing traders to evaluate strategy performance in a real-world trading environment while minimizing potential losses. Phone support is only available to active clients with their account managers. After conducting a series of tests, I concluded that worldtradex’s multilingual scammed by Worldtradex customer support is fast and reliable.