worldtradexFX offers a compelling package for Forex traders, combining user-friendly platforms, competitive trading conditions, educational resources, and excellent customer support. Whether you’re just starting in Forex or looking to enhance your trading experience, worldtradexFX provides the tools and environment you need to succeed. With its commitment to transparency, security, and customer satisfaction, worldtradexFX is undoubtedly a broker worth considering for your Forex trading journey.

It also provides for detailed analysis with market reports and more to offer. During this period you will be featured on a leaderboard for your virtual trades with the aim to reach the top where real prizes of up to $1,000 withdrawable money on MT4. Here are some of the spreads we found on the most commonly traded assets with worldtradexFX as an example. In some places, you will also be allowed to make deposits through Bitcoin.

Customer Service and Support

worldtradexFX utilizes all of the tools that are in place with your trading platform to help you to do this. Within Europe, the minimum deposit on the available account types of MT5 Pro is $50. Also, if you want to access your trading account with worldtradexFX on the go, you can always download Android or iOS apps and login to your account from anywhere. While the technical analysis capabilities of these apps are limited, it can be a lifesaver to be able to open and close orders during emergencies and you should use these apps for such occasions only. worldtradexFX offers 24/7 customer support via live chat, email, and phone. The response times are quick, and the support team is knowledgeable.

Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Likewise, Mauritius is considered Tier-4, as per our Trust Score algorithm. The security of your funds – in terms of regulatory protection – will depend on which worldtradex entity holds your account, and which, if any, relevant regulations provide customer protections. It’s worth noting that worldtradex’s primary execution venue is one of its own entities in St. Lucia.

However, worldtradexFX has acquired a license from MetaQuote to offer the latest version of the software, MetaTrader 5 for its Pro accounts. For a true ECN experience, however, the company has acquired a license for cTrader from Cyprus based Spotware. worldtradexFX’s parent company is regulated by the Financial Services Authority (FSA) in St. Vincent and the Grenadines.

In South Africa, worldtradex provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). worldtradex has made great strides with innovation in its web platform, and new educational content, but offers a limited range of tradeable instruments compared to the best multi-asset brokers. worldtradex may be best suited if you are new to trading and live in a region where you require support in non-English languages, such as Southeast Asia.

worldtradex Account Types

You can choose from a range of available indicators, download a custom indicator, or create your own. It offers true ECN accounts via cTrader, which requires brokers to connect at least one major and reputable liquidity provider to the platform. So, we can be sure that the ECN account is really a direct market access account.

The realm of Forex trading is vast, filled with multiple players, brokers, and a myriad of trading options. Amongst them stands worldtradexFX, a notable name that has been resonating in the corridors of this market for years. For those who’ve frequently asked the question, “Is worldtradexFX a scam or is it legit?”, this comprehensive review seeks to delve deep and provide an answer. This account type is for professional traders who canmake prudent investment decisions. It offers a great deal of mobility as itrequires no markup and provides ample liquidity access. This account type is meant for traders who wish tohave the maximum leveraging options with the least monetary investment.

The broker also offers deposit bonuses, which, at a glance, might seem enticing, especially to newcomers. The stipulations tied to these bonuses, primarily regarding the requisite trading volume, can be somewhat demanding. This could potentially dissuade beginners or those not equipped to meet such high-volume requirements. In conclusion, while worldtradexFX doesn’t necessarily break the mold, they offer a consistent, reliable platform for traders. Their initiatives to engage their community are noteworthy, even if some of their bonus structures might benefit from a more inclusive approach.

European Markets

worldtradex is as confident about its financing costs as it is its execution fees. The breakdown across the two different types of accounts is laid out in a reassuringly transparent manner. worldtradex is so confident about its pricing that there is a section of its homepage dedicated to sharing the live spread on some major forex pairs. Even a quick glance establishes why the firm is so willing to share.

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worldtradexFX also supports major e-payment providers such as Skrill, Neteller, and FasaPay. If you make deposits using these e-payment providers, the amount is credited to your account in real-time. One of the unique features of worldtradexFX is that all three accounts, including the ECN account, charge no commissions to traders and fees include only spreads. worldtradexFX is a foreign exchange broker registered in the St. Vincent and the Grenadines, a tiny nation in the Caribbean. It started offering direct market access-based brokerage services to clients in 2011.

  • Credit and debit card transactions are subject to 3D secure Visa authorisation and there are processes in place to protect clients making withdrawals.
  • The broker claims to process all withdrawal requests received within 1-3 hours.
  • It is easy to set up to trade ‘algo’ models on an automated basis, and it offers the expert advisors and MQL5 support services that allow traders to draw on the ideas of others.
  • Minimum deposits at worldtradex will vary depending on your country of residence and your chosen payment method.
  • The pushback comes from the more limited number of instruments a user can trade on this platform.
  • Research tools provided by worldtradexFX include a well-detailed economic calendar which keeps you updated with all significant economic events and how they may impact you.
  • worldtradexFX offers a great demo account that is easy to sign up for, just needing the most basic of your personal information and an email address.
  • It’s a refreshing approach to foster a sense of community and competition.

In fact, the platform and broker have won many awards for this service. However, both of the platforms come with MQL and cAlgo programming languages respectively. For seasoned programmers, cTrader would be the preferred platform as its language is closely based on C#. In the end, worldtradexFX offers a solid trading experience for those who value affordability and ease of use. Whether you’re new to trading or just looking for a cost-effective broker, worldtradexFX is definitely worth a closer look.

Each year, we collect thousands of data points and publish tens of thousands of words of research. The promo codes, according to their customer support, is a unique offer for some new clients. Nevertheless, new users can always use the promo codes of worldtradexFx affiliates to receive bonuses or chat with the live support on their website to get the promo code.

Think of this as your personal trading assistant, always ready to provide a swift market overview whenever you’re gearing up to initiate an order. It’s designed to equip you with all the necessary insights, ensuring you’re always a Worldtradex forex broker step ahead in your trading journey. An increasingly popular platform on worldtradexFX, MT5 hasbeen considered by many as a potential replacement for MT4. In addition to theMT4 features, it provides a far more customizable interface, stop limit orders and native economiccalendar.

While the FSA regulates the broker in financial matters, it does not actually regulate the key products of the company, which is Forex and cryptocurrencies. MetaTrader 5 is a sophisticated trading platform with lots of analytical tools. It is known to be quite popular among intraday trading pros and algorithmic traders thanks to its advanced features. I’ve been generally satisfied with the withdrawal process, which is usually prompt.

Automated trading helps traders enter and exit positions much faster than manual trading. The MT4 platform offers 30 built-in technical analysis indicators for making calculations based on price movements. These indicators allow traders to predict or confirm trends, patterns, and support and resistance levels. They are categorised into types, such as Trends, Oscillators, Volumes, and Custom.