When it comes to regulations, worldtradexFX is regulated by CySEC under #372/18, and by the regulatory body of Saint Vincent and the Grenadines under #19776. If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to worldtradexFX. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information.
- Live chat is the main means of contact; it provides quick help and is open 24/7 in English, Hindi, and Urdu, among other languages.
- With that said, they still offer good value in terms of trading conditions.
- worldtradexFX offers a free demo account to new forex beginners to practice trading in forex with no limits.
- A review of the broker’s trading instruments reveals that users are allowed to trade over 120 stocks.
- Spreads can be as tight as 0.0 pips and those who go with the ECN/STP processing option will be provided with exceptional flow quality and reduced slippage.
What Quora Users Say About worldtradexFx
The threshold to access the bonus is high and requires a substantial trading volume. The worldtradex dashboard clearly displays the progress of these lots and the application of the bonus in a detailed manner. Accessing https://worldtradex.pro/ the bonus is a straightforward process and can also be configured automatically.
What is the minimum deposit for worldtradex?
On the positive side, it allows worldtradex greater flexibility in leverage and instruments while still serving clients from around the globe. In our review, the execution quality was positive across all accounts. Entry and exit orders were executed as intended, with only minor slippage observed. Limit orders were adjusted almost exactly to the specified price without jumps, though a small percentage of stop orders did experience some variation. After selecting this option, we entered the amount, wallet address, and a security PIN (sent via email during the account setup with worldtradex).
Comprehensive customer support and a wealth of educational resources add value, empowering traders to make informed decisions. 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. worldtradexfx’s low minimum deposit requirements allow everyone to easily trade. Although the minimum varies per jurisdiction, it is relatively a low sum.
The minimum deposit is $25, while for several cryptocurrencies, the amount is approximately $50. In addition to the markets offered, as an worldtradexFX trader, it is likely that you may come across some of these extra products that the broker makes available depending on your location. worldtradexFX mobile trading is also well catered for through their own mobile trading platform aside from the huge industry giants already mentioned. This effectively means that they can provide the very fastest order executions in the industry, along with direct access to a number of liquidity providers to give you the best possible prices on each asset offered. The account base currency is that which you trade in with the broker.
How does worldtradex copy trading work?
It also debriefs how to open an account, followed by a quick review of available safety measures for investment. Through the mobile app, clients can access multiple financial markets. CFDs on currency pairs, equities, indices, commodities, etc., on the go. Most of the trading tools and indicators offered via the desktop version are readily available on the mobile trading app. We will review some of the trading tools offered on the mobile trading app below. The broker has its proprietary trading platform known as worldtradexTrader, which operates on web and mobile versions.
Going by customers’ review, worldtradexFx can be said to be unworthy in light of numerous complaints heralding withdrawals, especially on large size accounts. Aside from the products and services already discussed in this review, worldtradexFx offers more. In this section, we are going to be looking at these extra products and services. The company’s educational library is well maintained and offers rich learning resources that includes webinars, articles, platform tutorial videos and a video course.
Investment Options worldtradex
Both the user and any interested party can access this section to see the performance of accounts that have opted for public visibility. Additionally, the worldtradex platform features a one-click trading button that cannot be removed, which poses a risk since clicking it executes trades without confirmation. Alerts and each executed order are notified through browser notifications.
By implementing these comprehensive security protocols and maintaining regulatory compliance, worldtradexFX demonstrates its dedication to providing a safe and trustworthy trading environment for its global clientele. worldtradex has over 50 different payment options, such as Visa, Neteller, Fasapay, and bitcoin, as well as a large variety of local bank transfers. The availability of these payment methods may also depend on your country of residence. Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), worldtradex’s lack of additional reputable licenses heavily weighs down its Trust Score. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
Coming to assets, the company offers a wide array of tradable assets, allowing clients to pick their favorites and suitable ones for trading. There is also an availability of multiple trading tools and indicators, which serves to enhance clients’ trading experience and help them trade confidently. The company, besides featuring a full fledged FAQs section to help clients find answers to their queries on an immediate basis, offers multilingual customer support 24 hours 7 days a week. Available trading platforms include MetaTrader 4 (Web, App, and Desktop), MetaTrader 5 (Web, App, and Desktop), and the proprietary web-based worldtradexTrader, along with the worldtradex Copytrading app. The floating spreads for currency pairs involving the yen ranged from 1.9 to 2.6 pips, while major pairs (excluding EUR/USD) average around 1.5 pips. Spreads across different account types are similar, with worldtradexTrader accounts offering slightly lower spreads for Forex.
Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust. Daily and https://worldtradex.club/ weekly forecasts in the Market Insights section preview the key economic data ahead and highlight the major market movers. The reports cover significant support and resistance levels and technical signals from indicators such as MACD and Parabolic SAR. The research section also includes specific trading ideas, target prices, and key price levels to watch.
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