There’s a very small learning curve with the brokers, which is something we love. Clients will also find good market analysis tools with FBS, which is key for making informed decisions. We also appreciate that FBS offers an expert advisor add-on service. This is a benefit that both novices and more experienced traders can benefit from. worldtradexfx’s low minimum deposit requirements allow everyone to easily trade.
- worldtradex’s market research is well organized and varied in its content.
- Yes, worldtradex provides a copy trading feature that allows traders to replicate the trades of successful traders and diversify their trading portfolio.
- You simply start following some pro trader you’ve picked, and worldtradex CopyTrading app automatically copies their trades.
- Overall, I rate worldtradex as an innovative broker with a client-centric focus.
worldtradex offers a variety of trading instruments, including CFDs on all the major asset classes— forex, commodities, indices, shares, and cryptocurrencies. worldtradex has a strong selection of CFDs on cryptocurrencies, numbering 30 in total. The range of available CFDs on indices is also better than average. The MetaTrader 5 mobile app also provides many order types, including pending and stop orders.
What Leverage Does worldtradex Offer?
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. Both iOS and Android versions of the trading platforms are also available for on-the-go traders. 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 Worldtradex review issues.
Available Assets at worldtradexFx
Taking a look at the CFD markets available from worldtradexFX, it is noted that they offer a little more than 70 assets in total. Some of them may not be available within every region or account type. With that said, they still offer good value in terms of trading conditions. This makes it perfect for new traders and those beginners starting out. If you are trading from outside the EU, the minimum deposit will be $25 with the worldtradexFX Micro account.
worldtradex Desktop MetaTrader 5 Platform
While monitoring the spreads the broker’s EUR/USD spread fluctuated between 0.80 and 0.90, which is slightly more than the minimum advertised. The other feature I liked was that you do not pay swap fees on your CFD positions, saving you money should you keep your trades open longer than 24 hours. This makes worldtradex an attractive option for stock trading CFDs as you won’t need to worry about swap fees cancelling any day’s profits, so you can keep the positions open. worldtradexFX is a financial broker with more than 40 million accounts opened on it. Non-disclosure of important information by service providers can significantly harm clients, often leading to financial loss and poor decision-making.
Islamic Account:
- To read the fine print, traders can find the Customer Agreement in the footer of the website.
- However, worldtradex states that it provides clients with segregated accounts and negative balance protection.
- With competitive spreads, high leverage options, and robust security measures, worldtradexFX strives to provide a comprehensive trading experience tailored to diverse needs.
- The FBS mobile app gives you full control with TradingView-powered charts, easy order management, and 24/7 live chat—all from your phone.
- For those wanting to learn more about MetaTrader platforms, we recommend reading our MetaTrader 4 review.
- The first currency is called the base currency, and the second is the quote currency.
A low spread andminimum depositas well as its own copy trading service make it perfect for many. While they do offer top trading platforms MT4 and MT5, if you are looking for a wide range of assets they may not be perfect. They offer tight spreads with pips as low as 0.6 pips for all accounts. This combined with high leverage options opens opportunities for optimal profitability.
You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. There are other broker platforms that charge zero pips and low or zero commissions.
All account types offer a free demo account, allowing traders to test the platform and practice their strategies before committing to live trading. Likewise, Mauritius is considered Tier-4, as per our Trust Score algorithm. The security of your funds – in terms of regulatory protection – will depend on which worldtradex entity holds your account, and which, if any, relevant regulations provide customer protections. It’s worth noting that worldtradex’s primary execution venue is one of its own entities in St. Lucia.
It utilizes cloud servers to backup accounts and keep a centralized tab on all of them. worldtradex is based in Saint Lucia but has multiple entities outside of Saint Lucia to provide financial services to clients in 180+ countries. Depending on where you are from, you can open an account with a different entity that is regulated by either CySEC, MAS, or FSC. With 300 markets I found worldtradex provides the major financial instruments most traders would focus on such as forex majors, gold, stocks like Tesla, or cryptocurrencies like Bitcoin. I think this is a sweet spot for the majority of traders unless you are seeking less popular markets or specific stocks to trade.
Additionally, Orinoco Capital (Pty) Ltd. holds a Financial Service Provider (FSP) license number from the Financial Sector Conduct Authority (FSCA) in South Africa. It is also regulated by the Financial Services Commission Mauritius (FSC) and Mwali International Services Authority (MISA) for non-EU clients. The profile for each trader was more detailed showing profit and loss, drawdown, and copy follower growth which I like to use as a leading indicator of trader performance.
The MT5 account, also called innovative account, is an account type for clients with trading expertise. Its trading instruments are inclusive of forex, commodities, indices, cryptocurrencies and stocks. 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.
The platform can be accessed through Windows, Mac, iOS, or Android, and is an excellent and very well-respected trading platform among the community. Overall, this is an excellent hybrid combination that can secure the best market prices, lowest spreads, and fastest trade execution. Even though the spreads can also be very low on MT4, and MT5 accounts, as low as 0.2 pips. The deposit methods available to you when trading with worldtradexFX will depend on where you live, but wire transfers, major credit/debit cards, and eWallets such as Skrill are typically available worldwide. worldtradexFX doesn’t charge traders any commission for holding an order overnight. This account type is a great starter account, though at the moment is not available to EU traders.
Our services are available to everyone free of charge, but we do receive compensation from some of our partners for referring clients to them. 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. worldtradexFX traders are able to executive lightning tradesat visible prices without any slippage. The live chat is 24/7 which is great to see, but the experience I’d say is a mixed bag. I like that you don’t have to fill out a questionnaire for support, you are taken directly to help in the form of AI.