With over a decade of industry experience and more than 1.5 million clients globally, worldtradex is a well-established broker. 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. worldtradex offers commission-free trading and floating spreads from 0.9 pips on its No Commission account. My test indicated that the spreads on this account are broadly average to high compared to the industry benchmark.

Automated Trading with Expert Advisors

However, the broker could enhance its offering by introducing an alternative to the MetaTrader 4 platform. worldtradex offers a variety of account types to cater to different trading needs, including Standard, Premium, VIP, Zero Fixed Spread, and STP/ECN accounts. Each account type has specific features, such as varying spreads, commission structures, and leverage options. Additionally, researching what the MT4 platform offers in terms of features and tools will Worldtradex website 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.

The broker also provides educational resources to guide traders in navigating the complexities of cryptocurrency trading. This ensures that traders from diverse regions can receive assistance in their native language. The platform features a detailed FAQ section that addresses the most common queries, making it a useful resource for quick answers. For real-time assistance, worldtradex provides live chat with fast response times for basic questions, while more specific inquiries are directed via email for thorough resolution.

Live Floating/Live Fixed Spreads

While it offers a range of supporting tools, it https://worldtradex.bid/ had above-average spreads on instruments like GBPJPY and US30 during my test and lacks an alternative to MT4. Yes, worldtradex offers demo accounts that allow traders to practice trading in a risk-free environment using virtual funds. 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. It introduces traders to the broker’s services and allows them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment.

Customer Support

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. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. I tested the desktop version of the MetaTrader 4 platform, which features multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool.

• With a minimum deposit of just $50 for most account types, the Absolute Zero account is highly recommended for traders seeking low-cost trading solutions.
• A standout feature is the low trading fees available in the Absolute Zero account type, which offers raw spreads from 0.0 pips and minimal commissions.
• The fee is charged until account activity resumes or the account balance drops to zero.
• Just as important is the ability to easily scale price action, allowing for a clearer and more detailed view of market movements.
• Traders can download these resources and refer to them at their convenience, building a strong foundation in trading knowledge at their own pace.

Traders in Australia and New Zealand can also access worldtradex’s trading services. The broker provides tailored solutions for the Oceania market, including competitive trading conditions and access to the MetaTrader platforms. worldtradex adheres to strict regulatory standards to ensure a safe and transparent trading experience for clients in this region. worldtradex has a strong presence in various Asian countries, including Malaysia, Thailand, Vietnam, Indonesia, Singapore, and the Philippines.

In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. 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. After reviewing the broker’s legal documents, I found everything to be in order.

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. Its educational content is thoughtfully designed to cater to traders of all experience levels.

• worldtradex does not accept as clients residents of the USA, Cuba, Sudan, Syria, North Korea, or any jurisdiction where trading is prohibited by law.
• However, I consider it cumbersome and not the best choice for analyzing price action.
• The broker stands out with its extensive educational and research content, developed both in-house and sourced from the renowned Trading Central.
• For those looking to test trading strategies, worldtradex also offers Cent accounts.

I have compiled the table below to help you better understand the difference between the trading fees with worldtradex’s No Commission account type and the industry average. It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large. worldtradex offers a loyalty program for active traders, where clients can earn points based on their trading volume. These points can be redeemed for various rewards, such as cashback, trading bonuses, or exclusive gifts.

Trading Contests and Competitions

The available materials and tools inform the broker’s clients of trading opportunities that are currently developing and explain how and why those opportunities are taking place. Phone support is only available to active clients with their account managers. After conducting a series of tests, I concluded that worldtradex’s multilingual customer support is fast and reliable. Some regulators enforce stricter financial standards than others, so traders should understand the safety measures of the entity they choose to open an account with.

worldtradex provides a wide range of deposit and withdrawal methods, including bank wires, credit/debit cards, e-wallets, and local payment solutions. However, certain payment methods may have geographic restrictions, but the worldtradex back office will display only the available options for each trader’s location. 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. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.

Clients must contact the broker’s customer support to request further assistance. 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’s TradeCopier connects signal providers and signal followers and is available from the client portal. Signal followers can quickly and easily assess the performance of various trading strategies based on various parameters, including their average return, maximum risk, longevity, and more. In my opinion, MT4 is best suited for automated trading via Expert Advisors (EAs). worldtradex provides access to the widely popular MetaTrader 4 platform and offers free Virtual Private Server (VPS) hosting for low-latency trading.

Does worldtradex offer a demo account?

The step-by-step guides make it easy for beginners to get started and for experienced traders to refine their techniques. 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. In the Middle East and Africa, worldtradex offers its services to traders in countries such as the United Arab Emirates, Saudi Arabia, Kuwait, Nigeria, South Africa, and Kenya.

However, I consider it cumbersome and not the best choice for analyzing price action. worldtradex’s MT4 platform is available on Windows and Mac and supports 39 languages, including English, French, Spanish, German, Arabic, Chinese, and more. The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) in EUR/USD with a pip value of $10 for each account. The fee is charged until account activity resumes or the account balance drops to zero.

worldtradex operates through five entities, three of which are regulated by top-tier financial authorities, while the other two are offshore and unregulated. The broker ensures client safety by maintaining segregated accounts for client funds and offering negative balance protection. worldtradex is one of the few brokers that offer traders the flexibility to choose between fixed and floating spread accounts. worldtradex provides free Virtual Private Server (VPS) hosting, helping traders achieve ultra-fast order execution speeds and diminish the risk of negative slippage. However, the platform has cumbersome charts and lacks a timeframe lower than 1 minute.

The broker provides localized support and offers services tailored to meet the needs of traders in the Asian market. With high leverage options and multiple trading platforms, worldtradex continues to attract a growing number of traders from this region. For visual learners, worldtradex offers a library of video tutorials that explain key trading concepts in a simple and engaging manner. These videos cover the basics of forex trading, how to use trading platforms like MetaTrader 4 (MT4), and advanced trading strategies.