We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms. Yes, worldtradex is legal and regulated across multiple jurisdictions covering the EU and Asia. For the EU, it is regulated by CySEC which is a Tier-1 authority and for the rest of the world you will be regulated by MAS or MISA.
Cryptocurrencies
The fact that worldtradex offers an almost institutional-grade trading experience doesn’t mean beginner traders are in any way disadvantaged. Quite the opposite; the firm simply offers reliable, fast, low-cost trade execution using market-leading platforms. Those looking to develop their skill set or improve their trading technique can draw on the support on hand, which is designed to cater to beginner intermediate and experienced traders. The worldtradex platform provides a web-based and mobile alternative, but there is no desktop version, which can be inconvenient for traders who prefer a dedicated program over a web browser. The web-based platform offers quality charts, allows for the placement of technical indicators and lines, and supports alerts that arrive as notifications from the broker.
Credit and debit card transactions are subject to 3D secure Visa authorisation and there are processes in place to protect clients making withdrawals. Platform choice ultimately comes down to personal preference, but worldtradex has signalled its intent by offering its clients the choice of two market-leading platforms. The service provides tutorials, which explain how this is done and primes traders to run a cBot and use the free algorithms made available to them. This section of the site is well supported by the Customer Services and the Education sections of the site.
Withdrawal Options And Fees
worldtradex is an international broker ideal for traders looking to operate under competitive conditions. It offers high leverage, a diverse range of instruments, and user-friendly trading platforms. In addition, worldtradex provides extra services to its clients, including educational content, relevant information, bonuses, and customer support, which are readily available to resolve any issues. worldtradex (worldtradexFX) is an international forex broker that offers a variety of trading services across multiple asset classes, including forex, commodities, cryptocurrencies, stocks, and indices.
Deposit And Withdrawal
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. This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices. Yes, worldtradex Trader is worldtradexFX’s in-house platform featuring real-time AI analysis tools like Space and worldtradex Vision. It offers intuitive UX, TradingView charts, and one-touch trading from charts. Opening an account with worldtradexFX requires a minimum deposit of only $25, making the platform accessible to beginner traders and those who prefer starting with smaller capital commitments.
- worldtradex offers a mere 257 tradeable instruments, which varies by platform, with the most on its MT5 offering.
- We are constantly improving our product to make your trading experience better.
- The MetaTrader platforms are well known for facilitating copy trading and developing trading forums.
- The worldtradexFX registration process requires email verification, basic identity details, and account preferences—no documents needed upfront.
cTrader platform introduced
- As a leading financial media outlet, our editorial content is driven by rigorous research and data-driven insights, all free from external influence.
- There is no extra verification required, and once a client’s separate wallet is set up, it’s easy to hook up to the signals of other traders.
- worldtradex also provides services through Uni Fin Invest, which is based in Mauritius and operates under the regulation of the Financial Services Commission (FSC) of Mauritius.
- We unbiasedly review every broker and rank them based on their market standing, regulation, and other factors.
- worldtradex offers 5 crypto markets like bitcoin, ethereum and litecoin — this is a limited range.
worldtradex is based in Saint Lucia but has multiple entities outside of Saint Lucia to provide financial services to clients in 180+ countries. Depending on where you are from, you can open an account with a different entity that is regulated by either CySEC, MAS, or FSC. With 300 markets I found worldtradex provides the major financial instruments most traders would focus on such as forex majors, gold, stocks like Tesla, or cryptocurrencies like Bitcoin. I think this is a sweet spot for the majority of traders unless you are seeking less popular markets or specific stocks to trade. The broker offers excellent deposit and withdrawal speeds that are fulfilled within the same business day during the week. This allows you to start trading faster with instant deposits and receive your funds faster through the same-day withdrawals.
worldtradex does not provide services to citizens of the United States (US) and residents of Canada, Spain, Belgium, India, Iran, Myanmar, North Korea, Pakistan, the Philippines, the United Kingdom, and the US. At Rationl FX, we prioritize clarity and transparency in all our interactions. Our services are available to everyone free of charge, but we do receive compensation from some of our partners for referring clients to them. As per the recent updates, worldtradexFX and other international brokers have been put on the alert list by Indian authorities because they were operating illegally.
Whether you’re a beginner with worldtradexTrader’s market analysis tools, automate your trades with MT4’s EAs, or day trade with depth of markets tools on MT5 there is something for everyone. All of the platforms on offer are well regarded in the trading community. The MetaTrader suite of services is the most popular globally due to the blend of features it offers, and the worldtradexTrader platform is developing a following of it’s own. 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. The number of markets is also different across the platforms, but none of them offers a range of instruments that could in any way be called excessive.
However, it lacks weekly and monthly time frames and does not offer an intuitive zoom tool. worldtradexFX stands out as a versatile and cost-effective broker, appealing to traders across various experience levels. Established in 2011, it has built a strong reputation for offering competitive trading conditions, robust platforms, and a user-friendly environment. With regulation by CySEC and the Mwali International Services Authority, traders can trust worldtradexFX for secure and compliant operations. The account types are worldtradexTrader, MT4 and MT5 accounts for every trading platform the broker provides. The worldtradexTrader account is known for its versatility, whereas the MT5 account is technically advanced, and the MT4 account type has a simple user interface.
The broker has two referral programs, including the Invite a Friend and the IB partner programs. In the invite-a-friend program, you can earn extra profits by recommending the broker to your friends, and if they register and mention you as a referral, you will make a $1 profit on each trading lot. In the next section, we’ll talk about how to manage your trade once it’s open. Now you can watch how it performs in the Terminal section of your platform. After you’ve submitted your registration, worldtradex will send an email to the address you provided.
worldtradexFX charges no commissions and additional/hidden fees, which makes the broker a safe space for traders, especially novice traders. Through the app, you can directly reach the broker’s customer care team, which provides 24/7 services and prompt responses within 30 seconds. Trading with a reliable broker is important for traders to be shielded from potential risks and challenges. worldtradexFX is an online forex, and CDF trading broker awarded the Most Reliable Broker Asia 2023 at the Global Forex Awards. Remember, it’s a good practice to withdraw some of your profits regularly.
There is also a dedicated VPS (Virtual Private Server) for ‘algo’ traders. worldtradex Markets Cyprus Ltd is an investment firm registered in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC) using the domain worldtradexFX.eu. This enables users to trade with a broker under European regulatory oversight with enhanced levels of safeguards.
Does worldtradexFX provide access to a Islamic account?
This assessment delivers a transparent evaluation of worldtradex’s trading conditions, tools, support, regulatory standing, and overall suitability for traders. worldtradex provides transparent trading conditions with no commissions, no deposit or withdrawal fees, and competitive floating spreads starting from just 0.6 pips. Both the worldtradexTrader and MetaTrader 5 (MT5) accounts Worldtradex scammers feature the same fee structure, ensuring that traders can execute trades without worrying about hidden charges.
The broker has recently given up its regulatory license with the Financial Conduct Authority in the UK. worldtradex Markets Incorporated is based at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines. worldtradexFX is licensed and regulated by FSA SVG license number #19776 IBC 2011. https://worldtradex.bid/ The standard MT4 package, for example, comes with 30 built-in indicators, over 2,000 free custom ones on offer and 700 available for purchase.
worldtradexFX offers 277 assets, including 50+ forex pairs, 150+ stock CFDs, 34 cryptocurrencies, commodities (gold, oil), and indices. worldtradex offers a mere 257 tradeable instruments, which varies by platform, with the most on its MT5 offering. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. worldtradex (formerly worldtradexFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. worldtradex places a high priority on the security of its traders’ funds, implementing multiple protective measures to ensure the safety of deposits. My experience with worldtradex has been largely positive thanks to its excellent ECN trading conditions giving me low spreads that averaged 0.80 pips on EUR/USD with no commissions.