Spreads start from 0.4 pips on major currency pairs like EUR/USD. Additionally, worldtradexFX offers swap-free https://worldtradex.site/ accounts for traders who want to avoid overnight charges. worldtradexFX offers a commission-free trading environment, which is particularly appealing to cost-conscious traders. Instead of commissions, the broker makes money through spreads, which are generally competitive. There are no deposit or withdrawal fees charged by worldtradexFX, although you should check with your payment provider for any additional fees.
Swift payment and instant market…
However, after testing I found the platform covered the top indicators like volume and moving averages along with Fibonacci retracement tools. Out of the platforms available, I believe MT5 is your best option overall as it allows you to trade all asset classes and improves on the features of the MT4. For example, the MT5 is faster thanks to being rebuilt using 64-bit architecture which means your execution times and price feeds are faster, and now allows you to trade stocks. One of the key highlights for MetaTrader 4 I like is the option to automate your trades using Expert Advisors (EAs) which is allowed on your worldtradex account. You can develop EAs to 100% automate your strategy from analysis to execution, or set up risk management EAs to manage your risk on open positions automatically.
- With worldtradex being an ECN broker, I found MetaTrader 5 can utilise its advanced features like depth of markets tool for you to analyse market order flow.
- All the background materials are of high quality, and the videos are supported on YouTube.
- worldtradex is an international broker providing online trading services since 2011.
- A lot of brokers consider them mutually exclusive, so only offer one, if any at all.
- MetaTrader 4 (MT4) makes digital trading easy with lots of tools to choose from.
- worldtradex also offers a demo account tool so that beginners may test trading with virtual money, therefore reducing risk.
worldtradexFX MetaTrader 4
This means you can hold CFD positions overnight without being charged interest or fees like non-Islamic accounts do, making the broker a solid pick if you trade stocks. The spreads on the MT5 account were stable in my tests during the New York and Asian trading sessions. While monitoring the spreads the broker’s EUR/USD spread fluctuated between 0.80 and 0.90, which is slightly more than the minimum advertised. Our broker reviews are reader supported and we may receive payment when you click on a partner site.
GOOD TRADING PLATFFORM, CUSTOMER CARE. SUPPORT VERY NICE
The cashback rebate program returns a percentage of the trading spread, subject to conditions such as trading volume. An economic calendar, daily analytical posts, and automated technical insights via MetaTrader’s Autochartist plugin are all included in this section. You can diversify your portfolio with the broker offering gold, silver, crude oil and other commodities. You can trade from 10 of the most popular indices, including Dow Jones, NASDAQ, Nikkei and Eurostoxx 50. worldtradex Markets Cyprus Ltd does not offer its services to residents of the USA, Canada, Belgium, and the UK, as well as other jurisdictions outside the European Union. Bonuses of 10%, 20% or 50% can be claimed on each deposit with worldtradexFx but there are even bigger bonuses available during holidays and other limited-time events.
Deposits and Withdrawals
worldtradex also provides financial services through its intermediary, Orinoco Capital (based in South Africa). Lastly, worldtradex also has an entity regulated in Mauritius, through Uni Fin Invest . worldtradex offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. There’s no question – if worldtradex wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education.
worldtradexFX broker features
MT5 has a simple interface just like its predecessor with some new features that improve the overall experience. There are more technical and fundamental indicators for chart analysis, 21 timeframes, graphical objects, support for more order types, an economic calendar and more. I would say this is a good stock trading platform for those of you who are looking for something more than just forex.
- It’s important to know that worldtradex doesn’t mention the time period for its typical prices listed on its website.
- This means not every available option may be featured on this page.
- With a reputation for offering competitive trading conditions, a variety of trading instruments, and a user-friendly platform, worldtradexFX has become a well-known name in the world of online trading.
- Account opening isnt hard, alike in our tests we opened Demo account in a matter of minutes you just have to follow simple submit on website and get started.
- All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
For traders who want to practice before committing real money, worldtradexFX offers a free demo account. The demo account is fully functional and provides access to $10,000 in virtual funds, enabling users to test their trading strategies in real market conditions. worldtradex is an international broker providing online trading services since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 160 countries with more than 42 million trading accounts. In this worldtradexFX review, we will provide an in-depth look at the broker’s features, trading platforms, account types, fees, customer service, and more, so you can decide if it’s the right choice for you. Because this trade is a process that is extremely flexible, fast, secure, and responsive.
I think they can be worth consideration for anyone who is primarily looking to trade forex in a regulated environment backed by award winning customer support. worldtradex’s minimum deposit requirement of just $25 makes it accessible for new traders, it is a perfect broker for beginners. To properly increase their trading skills, the platform provides thorough instructional tools, including webinars, beginning and advanced trading videos, and trading glossary. worldtradex also offers a demo account tool so that beginners may test trading with virtual money, therefore reducing risk. Easy navigation and fast trade execution made possible by the MetaTrader 4 and MetaTrader 5 platforms improve the trading experience even further. New traders wishing to enter the financial markets find worldtradex appealing overall since it combines affordability, knowledge, and user-friendly tools.
