The Most Detailed worldtradexFX Review 2024 Is worldtradexFX Scam or Legit?

Providing access to sophisticated charting tools and technical indicators, the platform effortlessly connects with MetaTrader 4 (MT4) and MetaTrader 5 (MT5). All of the platforms on offer are well regarded in the trading community. The MetaTrader suite of services is the most popular globally due to the blend of features it offers, and the worldtradexTrader platform is developing a following of it’s own. It is easy to set up to trade ‘algo’ models on an automated basis, and it offers the expert advisors and MQL5 support services that allow traders to draw on the ideas of others. It offers the pricing and execution experience of a no-frills broker but complements this with a range of additional services such as top-quality learning resources and copy trading options.

Trading Fees

Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and https://worldtradex.blog/ platforms. 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.

worldtradexFX MT4

• The MetaTrader 5 Web Platform (Web Trader) is a slightly stripped-down version of the desktop platform.
• The simple interface of the program ensures quick navigation, which qualifies for both new and expert traders.
• It has no restrictions on Stop/Limit levels and allows users to perform multiple functions like reverse, double or close all positions in one click.
• However, as the company developed the broker worldtradex established its legal entity in Cyprus and respectively got a license from the local CySEC, which also imposes regulations according to European ESMA standards.
• The 50% bonus is more applicable to experienced traders or those confident in a long-term relationship with the broker.
• Whether you’re a novice exploring the markets or a professional looking for advanced tools, worldtradexFX provides the necessary resources to achieve your trading goals.

The respective app versions are downloadable from the Google Play Store or App Store for Android and iOS-based mobile phones. worldtradexTrader offers a fine array of charting tools to allow for a smooth desktop trading experience. From trend lines, to crosshairs, to zoom tools, they offer a broad range for trading optimization. The trading interface of worldtradexTrader is quite unique, it presents users with extended functionality.

However, for live account types, clients must complete the KYC process before initiating positions or withdrawals. Below is the step-by-step guideline of registering with the broker via desktop. In this review, the FXStreet team presents an independent and comprehensive analysis of worldtradex, grounded in direct testing and real user experiences. As a leading financial media outlet, our editorial content is driven by rigorous research and data-driven insights, all free from external influence. This assessment delivers a transparent evaluation of worldtradex’s trading conditions, tools, support, regulatory standing, and overall suitability for traders. Filippo specializes in the best Forex brokers for beginners and professionals to help traders find the best trading solutions for their needs.

Established in 2011 and located in London, worldtradexFx is a forex broker that renders its services to users worldwide. This review will focus on its regulations, trading instruments, deposit & withdrawal methods, online trading fees, spreads, leverage and how to open an account. It will also explore the investment safety measures provided by the broker. The dashboard, or client portal, provides relevant information and tools regarding the account. Numerous sections focus on customer services related to accounts and administration rather than market-related issues. From the dashboard, you can make withdrawals and internal transfers, view promotions, invite friends, check account records, manage accounts, participate in contests, view user statuses, and engage in copy trading.

Many aspects are there to be considered before choosing a forex broker to trade with, and trading platforms are definitely one of those aspects. I’ll make sure to get all the information you need about the types and features of the trading platforms offered by worldtradexFX via this section of the worldtradexFX https://worldtradex.pro/ review, so read along. worldtradexFX offers a free demo account to new forex beginners to practice trading in forex with no limits. It acts as a real account except no real funds are invested, virtual funds and virtual profits or losses allow investors to apply and follow different trading strategies and find the best one that works for them. worldtradexFX stands out as a versatile and cost-effective broker, appealing to traders across various experience levels. Established in 2011, it has built a strong reputation for offering competitive trading conditions, robust platforms, and a user-friendly environment.

Customer Support

They can then trade as usual and earn additional income whenever others choose to copy them. Trading costs such as spreads are clearly explained on the Spreads and Conditions page. To read the fine print, traders can find the Customer Agreement in the footer of the website. The About Us page does a good job of sharing the company’s mission and history through a series of milestones over the years. For example, worldtradex clients in the European Union benefit from the oversight of the Cyprus Securities and Exchange Commission (CySEC).

However, not all platforms have the same instruments available for trading. In our review, the entire withdrawal process took less than 35 minutes. We accessed the withdrawal section in the dashboard, where we entered the amount and selected the method, in this case, Tether (TRC20). The options mirrored those available for deposits, although, as expected, the only method available for withdrawals was the one we used for depositing funds. Upon consulting customer service about using Bitcoin for a withdrawal, we were informed that “Cryptocurrencies” is not categorized as a method to withdraw via Bitcoin, a deposit using Bitcoin would be necessary first. worldtradex offers trading accounts denominated exclusively in US Dollars (USD).

With worldtradexFX another of the measures in place to keep you safe as a trader is negative balance protection. This means that you can never lose more money than the balance of your account. This service is offered worldwide, regardless of whether it is required by the regulators or not. As a Invesmtnet Opportunitites avilable at worldtradex we will mark availability of Copy Trading which is a good option for various traders.

Demo Account:

This is an observation rather than a criticism as it just demonstrates the way the site allows aggressive trading strategies to be carried out. The worldtradexTrader platform is innovative, modern, and very well suited for beginners. There is an element of simplicity that you find in many of the more bespoke platforms designed for the modern user that many will enjoy. worldtradex is a global broker, who offers a new take on certain aspects of the retail brokerage space.