worldtradex Review 2025: Pros, Cons, & Fees
This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal. Trading Centrals Alpha Generation Indicators can help worldtradex traders better understand market trends and patterns, enabling them to make more informed trading decisions.
What you will need to open an account with worldtradex
- Stop-loss orders are especially important for worldtradex traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses.
- You can find valuable information about the worldtradex founders, services, and industry reputation.
- As the commission is zero for trading with the broker and the spreads are low compared to other brokers.
- If you ever have more insights to share or if there’s anything else we can assist you with, feel free to reach out.
- It’s important to note that worldtradex requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks.
- Could you please provide some proofs to support your complaint?
However, if you’re looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. Make sure you’re fully aware of all worldtradex fees and services. It’s recommended that you check the worldtradex website before signing up.
worldtradex Review – Scam Or Legit? – Detailed Overview
worldtradex offers Forex trading, CFDs trading, and Social trading. worldtradex offer educational resources which include VIP Room, Market Trends, Trading psychology, Financial News, Economic Calendar, Webinars, Academy, Video Tutorials, Podcasts, Seminars. Please bear in mind that these resources provided by worldtradex do not guarantee any results when trading.
- He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years.
- Let’s explore each of these trading platforms in detail and what options worldtradex gives you.
- It has information on firms and individuals that are, or have been, regulated by us.
- A minimum deposit is the minimum amount of money required by worldtradex to open a new online brokerage account with them.
- If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase.
- However, you must pass the verification process to start live trading with worldtradex, which can take up to a few business days.
worldtradex review written by Andrew Blumer and Mark Hansen
The worldtradex phone support team was able to assist us with our queries and issues. We put their multilingual support to the test by speaking to them in various languages, and they were able to communicate effectively. While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with worldtradex, before live trading. Like other brokers, worldtradex margin requirements can differ depending on the traded instrument. If you want to learn more about worldtradex and its history, its Wikipedia page is an excellent resource.
As the commission is zero for trading with the broker and the spreads are low compared to other brokers. Many traders prefer it for the services and facilities and the secure trading environment it offers. Thus, a perfect choice for investing or trading in markets and having successful trading. worldtradex has a mixed offering when it comes to commissions and fees. The broker charges an inactivity fee and requires a minimum deposit, but it also offers discounts for active traders. The average spread cost for the EUR/USD pair is 1.2, slightly above the industry average of 1.08.
But we all know that it’s the general rule of trading, you need money to make more money so it doesn’t surprise me at all. Hi w Molenkamp,We’re glad to hear that our account options have provided you with the flexibility you need! Whether you prefer STP/ECN or Live accounts, we strive to offer a range of choices to cater to different trading preferences. This account type is created especially for newcomers and traders who hesitate to enter the financial markets. Andrew has a well-established career https://worldtradex.pro/ in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible. With guaranteed stop loss protection, risk is managed.
How Do I Get Money Back From a Scammer?
worldtradex is regulated by several reputable authorities, including the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) in the UK, and operates under MiFID regulations in the EU. worldtradex holds a “Trusted” rating with a trust score of 83 according to ForexBrokers.com, indicating a reliable level of trustworthiness in the industry. MT4 trading platform is the best for me because of the abundance of different functions, opportunity to modify the order right when you open it, apply indicators, track volumes and other stuff.
Technical language and terminology can be confusing with brokers like worldtradex.Choosing or shortlisting a trading platform like worldtradex can be time consuming. Choosing a trading platform requires a significant amount of research and analysis.It can be challenging to understand each platform’s various features and benefits, especially with a complex trading platform like worldtradex. With the help of the above given details and overview of the services of the worldtradex broker, it could be analysed that it is a legit service provider and not a scam. The regulations of authorised bodies, proper licence, registration number, and the next level facilities make it a great choice among traders. When we talk about the services and facilities that traders can benefit from with worldtradex, then, in that aspect, it’s an excellent choice. The best trading features and several trading opportunities in various trading instruments make it the best.
worldtradex have grade A support rating because worldtradex offer over three languages. You can trade a wide variety of instruments with worldtradex over 500 instruments in fact. Based on the information presented, it is safe to conclude that worldtradex is a secure and safe platform.