worldtradex also offers eleven downloadable ebooks but does not offer training videos, trading seminars, or courses. All educational content is translated into over 80 languages, including Hindi, which is impressive. worldtradex provides unparalleled account choices such as zero-fee ECN and competitive spreads, a subset with incredibly low costs. It is the feature of honesty in terms of pricing and execution that makes the customers interested and votes with plentiful positive reviews and ratings. The deposit is low, the MetaTrader 4 platform is one of the best for forex trading, and the tight spreads through the ECN model are competitive. worldtradex’s non-forex asset list is less competitive, with the lack of shares a notable exclusion and very few other markets.
I’ve also read much of the educational content and was struck by its bland delivery with long-form Worldtradex scammers text and limited videos or engaging elements like quizzes, all of which could elevate the learning experience. Similarly, the ‘Market Analysis’ section had a focus on just three currency pairs during testing which is not wide enough in my opinion. It was simple to complete the demo registration process within the client portal with the benefit of not having to complete any identity verification requirements. This means that clients of worldtradex’s offshore branch won’t get the same level of protection and won’t have access to compensation schemes or trusted regulators if things go sour. This means when I swtich to real account, I can have the SAME experience and will not be prone to execssive emotions👍 Demo is like a guinea pig where you can actually test out the strategy.🎯PS.
Recommended Brokers:
- However, there aren’t any individual stocks to trade and there is an inactivity if you do not trade enough.
- Even though design of MT4 might be slightly outdated, also some capabilities should be added on as extra, like VPS, overall platform showed good performance, also execution based on ECN connectivity is very good.
- Unlike many other brokers, worldtradex does not impose non-trading fees, including withdrawal or inactivity charges, depending on the account type.
- Altogether, i love trading with this broker, as i know that my money is secure and i can trade with great conditions.
Since, I haven`t yet faced any problems with them and their pricing fits my wallet, I`m gonna further keep trading there. It takes time for support to respond, I think it should be working on weekends too, who knows, when you will need assistance. All information on 55brokers.com is only published for general information purposes.
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Trading Instruments
Having tested hundreds of forex brokers, I feel that the worldtradex’s education section is fairly average, with a decent range of materials available but nothing that stands out. Although worldtradex does not offer an extensive suite of forex tools, I am satisfied with the inclusion of a free Virtual Private Server (VPS). This works extremely well with MT4’s expert advisors for automated trading, and I frequently make use of it when trading on worldtradex. worldtradex’s stop-out kicks in when your margin level drops to 50% or lower. At this point, the forex broker will begin to close your positions until the margin level of your account is above the threshold again.
worldtradex User Experience
The broker’s strong regulatory oversight by CySEC, MiFID, and MISA, along with client fund security in Tier 1 banks, adds a layer of trust for its users. Whether you are facing technical issues, account-related queries, or need help with your trading platform, worldtradex’s support team is prepared to assist promptly. While the broker does not offer phone support or automated bots, the availability of live chat and email ensures that most issues can be resolved quickly and effectively. This customer-centric approach makes worldtradex a solid choice for traders who prioritize responsive and professional support. If you’re just a typical retail trader, doesn’t matter which trading style your prefer, you can reveal your potential cuz trading conditions are favorable and flexible. Rather big leverage, tight spreads, accurate execution and Metatrader platform ensures stable & profitable trading.
worldtradex transparently provides all necessary information on its website. There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply. worldtradex maintains one of the cheapest Forex cost structures available, with commission-free quotes from 0.0 pips or $0.00 per 1.0 standard lot for the most liquid currency pairs like the EUR/USD and the USD/JPY. The average spread for major currency pairs is below 0.5 pips or less than $5.00 per lot, offering traders a distinct pricing environment advantage.
The very first thing I noticed when I started trading with the ECN XL account was the instant execution. I was trading with another broker previously, and after I pressed the buy or sell button, there was a little time to wait for the trade to be executed. So many times my trades were executed at a different price than the one I saw on the chart.Here things are completely different.
It fully supports automated trading and is one of the most versatile trading platforms available. MT4 upgrades are available through third-parties for an additional fee to (potentially) enhance the trading experience. One https://worldtradex.site/ significant advantage is that worldtradex offers a more in-depth introduction to MT4, which many brokers fail to do, and which can truly set traders up for longer-term success.
Is worldtradex A Good Or Bad Forex Broker?
Traders can access assistance via live chat, email, or phone, ensuring prompt resolution of queries. Additionally, worldtradex provides educational resources, including webinars and tutorials, to support traders at all levels in enhancing their trading skills. worldtradex offers reliable customer support to assist traders with any questions or issues they may encounter. The broker provides live chat and email support, ensuring that help is readily available. Customer service operates 24 hours a day, Monday through Friday, allowing traders to access assistance during market hours.
- We aim to help you find the best broker according to your own needs.
- This restriction could be a disadvantage for traders who want web access for convenience.
- worldtradex Trader offers enhanced features such as one-click trading, advanced charting tools, and real-time analytics, making it an excellent choice for traders seeking a modern and powerful trading interface.
- All the services on the TopForx.com website are free for you to use.
- worldtradex’s main objective consists of empowering its clients with all the necessary tools to develop their trading skills while providing an unparalleled trading experience on the popular MetaTrader 4 (MT4) platform.
However, worldtradex does not provide ETFs or stock trading, also the range is rather with popular products in asset classes, thus reducing options for people looking for equity investments. Overall, even if worldtradex offers a fine selection of products for forex and CFD traders, yet the lack of advanced range may discourage those investors seeking a more all-around portfolio and larger portfolios. This restriction emphasizes knowing one’s trading tastes before deciding on worldtradex as a broker. Key results from testing the worldtradex PC platform expose flawless execution of transactions, real-time market data, and many analytical tools necessary for efficient trading methods. Widely known for its simple interface and strong trading capabilities, the MetaTrader 4 (MT4) platform is the only supported choice by worldtradex.
That said, the bonus could not be withdrawn, and if your account balance reaches below 50% of the available bonus credit, the amount will be removed. This is essentially free credit that can be used for trading purposes, and I was pleased on this occasion that there were no minimum trading requirements. I only really missed having PayPal available since this industry leader is one of the most widely used e-wallets and is accepted by rivals, including XTB and IG. That said, this broker does implement negative balance protection across both EU and offshore entities, unlike alternatives such as Fusion Markets. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
“High quality service”
For high-frequency traders trying to cut expenses, this structure appeals especially. Further improving the broker’s cost-effectiveness without deposit or account maintenance fees. For a final thought, we see worldtradex as a company that gives an opportunity to engage in trading with the STP/ ECN model and quotes provided directly by the liquidity providers.