I performed my tests on a Standard worldtradex trading account using the desktop and mobile app versions of the MetaTrader 4 platform. Some features and services may vary depending on where you reside and which entity you open an account with. In the same way as most brokers, worldtradex offers applicable leverage effects on the prices on which you trade. In the case of no activity, including funding or trading, within one year, the company reserves the right to charge an annual administrative fee of $50 (or currency equivalent).
worldtradex also regularly organizes a competition which they call “League of the best traders”. It is a tournament organized every month between traders who must try to present the best results. This kind of section is quite appreciable and the contents found there are interesting and well designed.
With no deposit or withdrawal fees, no account maintenance charges, and competitive spreads and commissions, worldtradex provides a cost-effective trading environment that appeals to a wide range of traders. Our inception was fueled by the aspiration to present avant-garde trading software, harmonized with unparalleled trading environments. Our endeavor is to illuminate the paths for both professional and novice traders, enabling the exploration of diverse financial markets under optimal conditions. Our steadfast commitment revolves around proffering reliable technologies, intricate trading tools, and comprehensive services, facilitating seamless access to a multitude of assets via CFDs for our clientele.
worldtradex Mobile Trading App:
Additionally, worldtradex supports a wide range of payment methods and multiple account currencies, ensuring convenient deposits and withdrawals. worldtradex stands out in the competitive world of online trading for several compelling reasons. First and foremost, its commitment to providing a secure and regulated trading environment ensures that your investments are protected under strict regulatory oversight. This broker is ideal for traders seeking a wide variety of trading instruments, as worldtradex offers over 300 assets, including forex, commodities, indices, shares, and cryptocurrencies. Whether you’re a beginner or an experienced trader, worldtradex’s user-friendly access to the MetaTrader 4 platform allows for seamless trading across multiple devices with advanced tools and customizable features.
Customer Support Test
- They are held frequently in several languages – English, Chinese, Arabic, and Malay.
- I like the trading environment at worldtradex for its pricing transparency and balanced asset selection.
- In case the client’s account balance is below $50 (or currency equivalent), the company will charge any remaining balance and archive the client’s account.
worldtradex works with multiple payment services to provide its clients with maximum flexibility. Deposits can be made via bank wire, credit or debit card, e-wallets, or crypto wallets. The broker does not charge deposits and withdrawal fees, except for withdrawals below $300.
worldtradex generally does not charge withdrawal fees, allowing traders to access their funds without penalty. Withdrawal requests are typically processed within 24 to 48 hours, with the actual time to receive funds varying based on the payment method. The absence of broker-imposed withdrawal fees adds to the overall cost-efficiency of trading with worldtradex. worldtradex offers more than 300 instruments across several asset classes, including FX pairs, commodities, share CFDs, indices, cryptocurrencies, and futures. The offering is well-balanced and suitable for the execution of multiple trading strategies. worldtradex has regulatory oversight from the FSA in Seychelles, segregates client deposits from corporate accounts, offers negative balance protection, and has a clean track record.
Additionally, swap fees are levied on positions that are kept open overnight, but with the availability of a swap-free account option for Islamic traders. worldtradex offers a versatile choice of spreads, which can cater to the distinct preferences of both novice and professional traders. Traders can select between fixed spreads and flexible (floating) spreads, each with its own set of advantages and considerations. Every broker review undergoes a rigorous self-testing process, where our analysts actively trade on the platforms under review. This hands-on approach allows us to assess the broker’s performance across key areas such as execution quality, platform usability, fee structures, and customer support.
Inactivity Fees
Our ambition is to preserve and enhance our stature as a trustworthy and reliable broker, meeting and exceeding our clients’ expectations consistently. Our extensive range of services and 24-hour multilingual support are the cornerstones upon which we have constructed an intricate and transparent trading environment, https://worldtradex.club/ catering to traders of all calibers. While no trading platform is entirely risk-free, worldtradex’s commitment to regulation, transparency, and client protection contributes to its reputation as a safe and reliable choice for traders.
However, there are no lower-risk securities like bonds and ETFs to be used for hedging one’s overall market exposure. It aids technical analysis by providing an overview of price action behavior and allows traders access to a number of analytical tools and chart configuration possibilities. In my view, a good chart should afford easy scaling up and down of price action. The most ignored trading costs are swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.
worldtradex’s Non-Trading Fees
Traders can browse the 25,000+ custom indicators, plugins, and EAs available for MT4, but the quality upgrades are not free. I am missing an introduction to the proprietary options, as worldtradex does not list any features and only notes how to access or obtain them. The difference between the bid and ask prices is called “the spread.” The spread is the cost of trading a CFD. Traders look for small spreads, since a smaller spread usually means the specific asset is more liquid. On the other hand, assets with a “wide” bid-ask spread can be more costly and time-consuming. worldtradex’s competitive edge is sharpened by its low spreads starting from 1.1 pips and the absence of commission charges, thus rendering trading with worldtradex as exceedingly cost-effective.
MT4’s app suffers from the same underlying problem inherent to other mobile apps. Analyzing price action behavior on low-resolution devices is extremely difficult. That is why I recommend using the mobile app only to monitor your positions’ development and make changes if needed. I tested worldtradex’s transparency by checking the availability of essential information on the website.
The broker utilizes the industry-renowned MetaTrader 4 (MT4) platform, which is available across multiple devices, ensuring flexibility and convenience for its users. worldtradex is committed to safeguarding client funds and ensuring a secure trading environment. Client funds are kept in segregated accounts, separate from the company’s operating funds. This segregation of funds ensures that even in the unlikely event of the broker facing financial https://worldtradex.world/ difficulties, client funds remain protected and cannot be used to cover the broker’s liabilities. Additionally, worldtradex employs advanced encryption technologies to protect client data and transactions, ensuring that personal and financial information remains secure. worldtradex does not list minimum deposit or withdrawal requirements and does not levy internal fees.