Before making any trading related decision, contact a local professional financial advisor. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. worldtradex uses state-of-the-art Secure Sockets Layer (SSL) network security protocol to keep client private information safe.

Forex Trading Platforms

The worldtradex MetaTrader 4 Broker software transmits information to and from the markets on 128-bit encrypted connections. In addition to this, worldtradex also offers the possibility to use the extended security algorithms of Public Key Cryptography. Information secured in this fashion is virtually impossible to hack in any short amount of time. Our ECN XL account has all the features and benefits you would expect and demand from an ECN/STP broker who has always been right at the cutting edge of industry development.

worldtradex’s offshore entity offers a 100% welcome bonus up to $2000 whereby new clients can double their initial deposit size. However, due to European regulations, this bonus is not available for clients from the EEA. I am satisfied with worldtradex’s forex research offering, which includes a blog with regular articles and posts highlighting promising opportunities as well as general tips on trading.

• Gain access to your worldtradex trading account in 3 simple steps – download, install and login to the mobile trading platform using your worldtradex account credentials.
• MetaTrader 4 trading platform comes with its own built-in language for programming trading strategies.
• Although worldtradex does not offer an extensive suite of forex tools, I am satisfied with the inclusion of a free Virtual Private Server (VPS).
• worldtradex offers a variety of convenient deposit and withdrawal methods to accommodate traders’ needs.

Trading Account Types

While the absence of additional security features could be a consideration for some, worldtradex’s adherence to reputable regulatory bodies and the careful handling of client funds make it a trustworthy platform for traders. worldtradex provides assistance to trading clients via its 24 hour Monday through Friday multilingual customer support service that features dedicated account managers. The broker also has a live chat service and an online form you can fill out, as well as a support email address, fax and phone number. In addition, worldtradex maintains active social media profiles on Facebook, Twitter, LinkedIn and other networks. worldtradex provides trading in over 70 major, minor and exotic currency pairs, with especially tight forex dealing spreads.

Can I Trust worldtradex?

With MetaTrader 4 and MetaTrader 5, traders gain access to two of the most popular and powerful forex trading platforms in the world. worldtradex stands out as a solid broker choice for traders looking for a low-cost, regulated platform. Its competitive spreads, no trading commissions, and lack of a minimum deposit make it accessible to both beginner and professional traders. With a focus on forex and CFDs, worldtradex provides a range of tradable instruments, though the absence of stock trading may be a limitation for some. In https://lunarcapital.live/ addition to access to daily market analysis and market education resources, you can get a 100% first deposit bonus of up to $2,000 when you open an worldtradex XL account.

On the downside, worldtradex’s high fees for most withdrawal methods are a disadvantage. The $30 – $45 charges are way above brokers such as eToro, which only charges $5, and many brokers we evaluate that offer free withdrawals. During tests, the EUR/USD came in at 0.1 pips, which is tighter than rivals like worldtradex with its 0.6 pips on the same pair. Spreads on other key currency pairs are also competitive, coming in at 0.5 pips on the EUR/GBP and 0.7 pips on the GBP/USD. Islamic traders will also be pleased that a swap-free account is available upon request. Opening an account with worldtradex is a straightforward process designed to get traders started quickly.

As a broker regulated by CySEC, MiFID, and MISA, it complies with stringent industry standards to protect traders. worldtradex utilizes two-factor authentication (2FA) to prevent fraud and secure accounts, adding an essential layer of protection for all users. Furthermore, the broker ensures that client funds are stored in Tier 1 banks, safeguarding these assets from potential risks. This commitment to security helps to instill confidence in traders who seek reliability and transparency.

Versatile Broker with Competitive Spreads

worldtradex was launched in 2010 by a group of forex experts aiming to create a competitive and supportive trading experience for clients through transparency and high trade quality. I am happy with the selection of fee-free funding methods accepted by worldtradex, which supports Visa/Mastercard, bank wire transfers, cryptocurrency and four e-wallets – Skrill, Neteller, EeziePay and AWEpay. Additionally, traders have access to real-time market data and analysis to help them make informed decisions.

Another bonus for us is the $0 minimum deposit and 0.01 minimum lot size, which makes worldtradex more accessible than forex brokers such as Plus500 and AvaTrade, both requiring a minimum deposit of $100. The account stands out as a competitive option for traders of all experience levels. Beginners will appreciate the straightforward pricing model with zero-commission trading, while experienced traders will rate the tight spreads with no restrictions on trading strategies. worldtradex offers reliable customer support to assist traders with any questions or issues they may encounter.

ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. The broker uses a price aggregator to ensure that counterparty orders use the best bid and ask prices currently available. Importantly, we never recommend choosing a forex broker based on their bonuses as they can encourage bad trading habits. The online broker covers a range of important topics including guides on foundational information for the forex market that all beginners should read. Clients can also download a range of ebook PDFs for free that go into further detail on strategizing and online trading. 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.

The MetaTrader 4 and MetaTrader 5 mobile apps offer complete, fully featured trading platforms for Android and iOS devices. Whether you prefer MT4’s trusted simplicity or MT5’s extended functionality, both apps deliver the power of desktop trading in a mobile-optimized experience. MetaTrader 4 and MetaTrader 5 are a series of advanced trading platforms designed by MetaQuotes Software Corporation a software development company established in 2000. Since its inception, MetaQuotes has built an unrivalled reputation for innovation, consistently delivering intuitive and powerful trading platforms, services, and solutions for market participants worldwide. Yes, it is possible to have a profitable strategy when trading with worldtradex, which offers the reliable MetaTrader 4 platform and plenty of analysis to support forex trading.

• worldtradex supports the MT4 mobile trading platform that provides excellent trading features you can also enjoy when using the MT4 desktop platform.
• Using MQL4 you can build-up your own library of custom indicators, scripts and function database.
• While testing worldtradex, the EUR/USD was available at 0.1 pips and the EUR/GBP at 0.5 pips.

In Their Words: Why You Should Use worldtradex

Spot gold contracts for difference (CFD) can be traded against the U.S. dollar and the EU euro, while spot silver, palladium and platinum contracts can only be traded against the U.S. dollar. You can also trade Spot US Crude Oil (WTI) and Spot UK Brent Oil (BRENT) contracts. The broker uses an electronic communications network (ECN) and straight through processing (STP) model, which provides competitive exchange rates and real time streaming directly from top multibank liquidity providers. This type of trading model levels the playing field with more transparency and a greater degree of control over your trades. worldtradex strives to provide new and existing real clients various promotional offerings. Everything is created with the client in mind, helping to enhance their trading experience.

This will be enough to satisfy most traders and provide opportunities to deploy a range of forex trading strategies. On the negative side, there is a slim selection of trading platforms with access to MetaTrader 4 (MT4) only. Our team is also disappointed by the withdrawal fees and weak regulatory oversight through the offshore branch.