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worldtradexFX Review: Pros & Cons 2025
I think having worldtradex Copy is a good alternative for beginners or those who don’t want to invest their time in learning how to trade. At least this way, you can copy an experienced trader and benefit from leveraged products such as forex, crypto or commodities like gold. If you’re unsure which platform is for you, I’ve created this 5-step questionnaire that will match your answers to help find the best forex trading platform for your trading style.
Popular Forex Broker Reviews
If you have any questions, please don’t hesitate to contact us on social media, via email, or through our Live Chat. Use our country selector tool to view available brokers in your country. He is a forex industry expert and an active fintech and crypto researcher.
Founded with a vision to empower traders, worldtradexFX has evolved from its inception into a trusted name in the world of forex trading. With a commitment to simplicity and accessibility, it provides a suite of trading platforms, including the renowned MetaTrader 4 and 5, alongside its proprietary worldtradexTrader. This blend of technology caters to both beginners seeking a smooth entry into the trading landscape and seasoned traders looking for robust execution and diverse asset classes. Its dedication to education is evident through comprehensive resources and market analysis tools designed to guide traders in making informed decisions. With a focus on security and reliability, worldtradexFX stands as a welcoming partner for those ready to embark on their trading journey, regardless of their experience level.
Are there any bonus or promotional programs?
I think this is a sweet spot for the majority of traders unless you are seeking less popular markets or specific stocks to trade. The broker offers excellent deposit and withdrawal speeds that are fulfilled within the same business day during the week. This allows you to start trading faster with instant deposits and receive your funds faster through the same-day withdrawals. worldtradex scored highly in my trust test with 12 years of industry experience and licences from CySEC, MSC, and MISA delivers a secure and transparent forex broker. I think the broker’s trust is supported by its 60+ awards from the forex industry and 8,000+ positive TrustPilot reviews demonstrating that its clients are happy with its operations.
The platform also has 38+ indicators featuring Ichimoku and RSI, while increasing the number of timeframes to 21 for better customisation. Additionally, you have excellent drawing tools for price action analysis like Fibonacci or Gann tools which I couldn’t find on the worldtradexTrader platform. One of the key highlights for MetaTrader 4 I like is the option to automate your trades using Expert Advisors (EAs) which is allowed on your worldtradex account. You can develop EAs to 100% automate your strategy from analysis to execution, or set up risk management EAs to manage your risk on open positions automatically. If you want to see how worldtradex’s spreads compete with other Malaysian brokers, I created a simple trading cost tool that you can use. Our broker reviews are reader supported and we may receive payment when you click on a partner site.
worldtradexFX Risk Disclosure
Even after verifying our identity, those were the only methods available to us. We consulted customer service, and they confirmed that these were the available methods for our accounts. From among the trading systems known as “Master Traders” to copy on worldtradex’s Copytrading app, there are 1,390 newcomers, 986 growing talent, 703 high achievers, 360 experts, and 223 legends.
- There are a total of 51 charting indicators provided, and 31 drawing tools also.
- We consulted customer service, and they confirmed that these were the available methods for our accounts.
- The “Space” functionality, which provides tailored trading ideas and market analysis straight on the platform, is one prominent feature.
- worldtradex is among the fastest brokers in terms of fund accessibility since withdrawal requests are handled quickly—usually within one to three hours.
- The broker offers EUR/USD from 0.90 pips which is some of the tightest spreads for a Standard account I’ve tested.
- Due to that, we highly recommend worldtradexFX as a great place to copy trade but caution you to remember that due to a limited number of assets, your portfolios can be less diversified.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, worldtradexFX leverage magnifies both profits and losses in trading. You https://worldtradex.club/ can trade a wide variety of instruments with worldtradexFX over 300 instruments in fact.
- Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings.
- When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee.
- We generate income through various methods, which helps us convey facts transparently and not write biased content due to “broker sponsorships,” “commissions from financial companies,” and “advertisements.”
Trading Conditions
Dear worldtradexFX Support Team,I hope this message finds you well.I am writing to kindly request you to unblock my account. I understand that the selfie verification process must be completed within 14 days. However, only 5–6 days have passed since the request was made.Due to illness, I was unable to provide the selfie verification in time. My appearance was also affected during that period, which made it difficult to submit a proper selfie with my ID. I sincerely apologize for the delay and any inconvenience caused.I am now feeling better and ready to complete the verification process. Kindly allow me another opportunity to submit the required selfie so my account can be reactivated.Thank you for your understanding and support.
The account opening is easy to follow, trading conditions are good, along with the platform selection and a range of instruments offered. The “TradingFinder” platform offers various services, some of which, like introductions, are free, while others, such as our specialized services, are provided for a fee or through a subscription. We generate income through various methods, which helps us convey facts transparently and not write biased content due to “broker sponsorships,” “commissions from financial companies,” and “advertisements.” There are also no inactivity fees, and all accounts are swap-free.
Withdrawal Options And Fees
However, the minimum deposit amount may vary depending on your region and the payment method you choose. The risk level is defined also by the leverage level you use since higher leverage dramatically increases your high risk of losing money as well. For this reason, world authorities and regulators restrict leverage to use to specify safer levels for retail traders. worldtradex is a versatile choice for traders since it presents a good range of over 300 trading instruments across several asset classes, yet the range is consistant of mainly most popular and volatile instruments. For a wider selection of products with thousands of instruments we would advise selecct other Broker then. worldtradex has recently announced about it going swap-free in all the regions it operates.
When it comes to regulations, worldtradexFX is regulated by CySEC under #372/18, and by the regulatory body of Saint Vincent and the Grenadines under #19776. Due to that, we highly recommend worldtradexFX as a great place to copy trade but caution you to remember that due to a limited number of assets, your portfolios can be less diversified. This can result in comparatively bigger movements than a well-diversified holding so is something to keep in mind. For those reasons, our team here at Investingoal is happy to recommend worldtradexFX as a top choice for scalping.
We assure you that your funds remain secure, and we will do everything we can to restore your confidence in our services. Alternatively youmay even contact us via live chat or by sending us an email at also apologise if our customer service interaction did not meet your expectations. Please reach out to us at your earliest convenience so that we can provide you with a proper resolution.Kind regards,worldtradex Rep. 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 traders. MT4 and MT5 are the gold standards when it concerns automated trading solutions.
worldtradex Account Conditions Score
I found all platforms worldtradex offers provide mobile trading apps on your iOS or Android device, which can be downloaded directly from the broker’s website. worldtradex provides Malaysian traders with three trading platforms covering MetaTrader 4, MetaTrader 5, and worldtradexTrader giving you a decent choice for personalising the way you can trade with the broker. I think worldtradex is a solid option as it provides excellent features that I think will appeal to a variety of traders. Firstly, worldtradex uses ECN technology so you get excellent execution speeds with tight spreads of 0.90 pips and is commission-free, which is rare for ECN brokers. It’s important for worldtradexFX traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks.
worldtradexFX is regulated by the MISA (Mwali International Services Authority) (T ). When selecting a broker such as worldtradexFX, one of the most critical factors to consider is the broker’s regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client’s funds, as they operate without any oversight or Worldtradex website regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities.
worldtradex has been offering retail trading services since 2011, servicing over 40 million trading accounts in 180+ countries which is an impressive achievement considering how competitive the forex industry is. You can open a demo account with unlimited funds and no expiration giving you ample time to test each platform to see which suits you best. The demo account provides real-time price feeds like a live account but gives you virtual funds to trade in a risk-free environment. As you can see from the above table all the accounts offer the same regarding trading costs, the only difference is the trading platform. If you want to trade all markets worldtradex provides, I found your only option is the MetaTrader 5 account. As an ECN (Electronic Communications Network) broker, worldtradex delivers tight spreads and fast execution speed by matching your order with the best offer from another trader on the network.