The Most Detailed worldtradexFX Review 2024 Is worldtradexFX Scam or Legit?
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. worldtradexFX is a solid choice for beginner traders due to its user-friendly platforms, competitive spreads, and educational resources.
Social and Copy Trading Apps
One suggested improvement is for the site to be more transparent when sharing information regarding regulatory client protection. A wide variety of educational content is available for worldtradex users under the ‘Traders’ Tools’ section. Both MetaTrader MT4 and MT5 stand out for the charting tools they offer. 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.
Within Europe, the minimum deposit on the available account types of MT5 Pro is $50. The worldtradexFX MT5 pro account is one which they recommend for the more experienced traders. With that said, the minimum deposit here is still low enough for all types of trader to get involved.
worldtradex’s diverse selection of trading instruments, ranging from currency pairs and stocks to commodities and cryptocurrencies, makes it a versatile platform suited for a variety of trading strategies. The broker has its proprietary trading platform known as worldtradexTrader, which operates on web and mobile versions. In addition to this, worldtradexFx is one of the MetaTrader 4 brokers and also offers the MetaTrader 5 platforms to Worldtradex courses scam traders. MT4 and MT5 are the gold standards when it concerns automated trading solutions. To access the full range of the broker’s offerings and functionality, clients can use any of the 3 trading platforms that are available as apps for mobile and on the web.
They complain of worldtradexFx being a scam broker, denying them withdrawals and going on to block their accounts. After 324 reviews, worldtradexFx holds a rating of 2.997 out of 5 stars on Forexpeacearmy. While some people praise the broker wholeheartedly saying it’s one of the best online trading brokers, others say it is no scam but is poorly managed.
Trading Platforms
To maintain fund security, worldtradex utilizes segregated accounts, ensuring that client funds are kept separate from the company’s assets in accordance with international regulatory standards. This guarantees that traders’ funds remain secure and inaccessible to the company. The education section on the worldtradex website is well thought out, clearly presented, and made for different levels of traders – beginners, intermediate, and experienced. Material includes live trading sessions, workshops, and trading strategy-themed presentations. Over a week-long testing period, I probed customer support with dozens of inquiries, ranging from available tools to fees and questions relating to the security of client accounts.
Disappointing Customer Service and Unjustified Account Deductions
Their AvaTradeGO app allows you to do social trading by following the best traders worldwide. The additional functionalities include improved charting tools, a bigger selection of instruments, and more complex order types. Non-disclosure of important information by service providers can significantly harm clients, often leading to financial loss and poor decision-making.
Best Forex Brokers In Mann (The Isle of Man)
Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry. One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.
- The minimum order size you can expect when trading with worldtradexFX is 1 micro lot.
- Clients can maximize the opportunity stemming from an availability of popular indices, inclusive of NASDAQ, Nikkei, Euro Stoxx 50 and others.
- Again the platform is available on all mediums and a webtrader is offered.
- MetaTrader is also popular due to its copy trading and automated trading features.
- A welcome addition would be third-party account insurance (such as a policy from Lloyds of London), as seen at some other popular offshore brokers.
worldtradexFX Key Features
The MT4 platform is well-known for its easy-to-use interface and important trading tools. Compared to other brokers who offer more deposit and withdrawal methods available in the market, the broker here is lacking when it comes to the options provided. worldtradexFX offers both written and visual educational materials to its investors.
Both iOS and Android versions of the trading platforms are also available for on-the-go traders. Exness is a global broker known for its competitive trading conditions. This includes low spreads, flexible leverage options, and swap-free trading. Where Exness rises above worldtradex is in their level of trading instruments. For traders looking for more robust options, Exness is a good alternative to worldtradex. worldtradexFX’s no-fee policy for deposits and withdrawals, combined with its competitive spreads and high leverage, creates a cost-effective trading environment.
In our tests for the Trust category, we also cover factors relating to stability and financial strength. Here, we focus on how long the broker has been in business, what is the company size, and how transparent the broker overall. Opening an account with worldtradex is a relatively straightforward process. Traders can access MT4, MT5, and worldtradexTrader via web applications directly from their browsers, conveniently skipping the need for software installation. Guaranteed stop order fees, overnight funding fees, and currency conversion fees are not separately specified by worldtradex.
- If your balance goes negative due to market volatility, worldtradex resets the balance to zero and covers the loss.
- RationalFX, a company with over 20 years of experience since its founding in 2005, has established itself as a credible authority in the industry.
- When key facts are withheld or not communicated clearly enough, clients are left operating without a clear understanding of the risks or obligations involved.
We look forward to your response so we can address this matter promptly.Kind regards,worldtradex Rep. I like that worldtradex provides a variety of trading platforms that all trading styles can use, making the broker a versatile option to benefit from the lower trading costs. 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.
He is an expert in Compliance and Security Policies for consumer protection in this sector. Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings. Founded in 2011 in Cyprus, worldtradexFX is a well-regulated broker with oversight in place from CySEC and SVG. They provide ECN execution which is popular among scalpers for its high speed.
Versatile Tools for Every Trader
You can learn more about how this broker performs with our FXOpen review. The support team is recognized for its prompt response times and ability to address concerns in multiple languages, reflecting worldtradexFX’s commitment to serving its global client base. We are so thrilled to hear you have gained confidence you require on worldtradexFX platform. Sure this will have a huge impact for others looking for a broker.
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