This unique characteristic enables commodities to play a pivotal role in constructing a diversified and resilient investment portfolio. In today’s evolved investment landscape, multiple avenues are accessible for commodities trading, with derivative trading reigning supreme. This approach empowers you to speculate on a commodity’s price trajectory without the obligation of asset ownership. Although worldtradexFx is regulated by just 2 regulatory bodies, it does business in multiple jurisdictions worldwide.
Customer Support: Is It Reliable?
It’s designed to equip you with all the necessary insights, ensuring you’re always a step ahead in your trading journey. Bonuses of 10%, 20% or 50% can be claimed on each deposit with worldtradexFx but there are even bigger bonuses available during holidays and other limited-time events. There is also a Trader’s Glossary with precise definitions of common forex terms to help clients become familiar with different trading terminologies. They are fees necessary for trading, which users must pay before or during trading. MetaTrader is further renowned as one of the most comprehensive platforms in this area. You can further benefit from one click trading, the ability to order directly from charts, and regular price alerts.
- worldtradexFX is licensed and regulated by FSA SVG license number #19776 IBC 2011.
- If you’re looking to leverage the efficiency of trading bots, worldtradexFX has got you covered.
- Over the last decade, the company has expanded its operations worldwide and currently serves 1.5 million clients from over 100 countries.
- In conclusion, worldtradexFX is a platform worth considering for individuals interested in diving into online trading, given its extensive feature set and commitment to client security and education.
Expert Advisors are written in a proprietary programming language called MetaQuotes Language Version 4. The MT4 platform offers the highest security standards to protect traders’ funds. The client terminal and platform’s servers exchange data secured by RSA digital signatures through encrypted servers.
Deposit and Withdrawal Methods
Here the broker makes a special fixed exchange rate of 1 USD to 10,000 IDR available that can help traders combat currency volatility. This account type is a great starter account, though at the moment is not available to EU traders. worldtradexFX offers a great demo account that is easy to sign up for, just needing the most basic of your personal information and an email address. Here are a few of the worldtradexFX account types you can look forward to trading with once you get started.
Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. You can diversify your portfolio with the broker offering gold, silver, crude oil and other commodities. worldtradexFX frequently runs promotions, offering bonuses on deposits and other perks. Just make sure to read the fine print, as these often come with terms and conditions.
worldtradexFx Fees & Commissions
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. I opened an MT5 Trading Account to test the broker’s trading conditions and I was impressed with the spreads worldtradex supplied. The broker offers EUR/USD from 0.90 pips which is some of the tightest spreads for a Standard account I’ve tested. I opened an worldtradex trading account and tested the broker’s spreads, trading conditions, and platforms to see how they performed against 20 other brokers. In this worldtradex Review, I’ll go through my findings helping you decide if worldtradex is a broker you should consider.
- This could potentially dissuade beginners or those not equipped to meet such high-volume requirements.
- It said worldtradexFx hired several Indian individuals working in Spain/Russia to operate the trading platform.
- According to a member on Reddit, worldtradexFX occupies the security commission’s list of platforms to avoid.
- worldtradexFX provides well in terms of language choice to traders, though there is a clear focus on the Asian market when it comes to available languages.
These are Gold, Silver, WTI, Natural Gas and Brent Crude oil, with the oil commodities only being available to trade through MT5. Even though the spreads can also be very low on MT4, and MT5 accounts, as low as 0.2 pips. All of the same withdrawal methods are also available as your deposit method. That means you can access wire transfer, credit/debit cards, and some eWallets like Skrill. These typically take 1 day to process or less, though a wire transfer may take longer. There may also be a fixed exchange rate in place to benefit you as a trader depending on location.
Those looking to develop their skill set or improve their trading technique can draw on the support on hand, which is designed to cater to beginner intermediate and experienced traders. worldtradexFX, in its essence, is a globally recognized broker that extends its services primarily to clients in Asia. It offers an intuitive platform that encompasses a broad spectrum of tradable instruments, catering to both novice and seasoned traders. Functioning in strict adherence to international legislations and regulatory standards, worldtradexFX is built on the bedrock of reliability and transparency.
Trustpilot Users’ Review About worldtradexFx
It prioritizes its clients’ account safety by keeping clients’ funds in segregated bank accounts. worldtradexFx employs state-of-the-art technology and advanced security protocols, which includes SSL web encryption and two-step authentication to protect clients’ confidential data. Besides local bank accounts, worldtradexFX also supports all the major credit and debit cards and they do not charge any additional fees for using cards. worldtradexFX also supports major e-payment providers such as Skrill, Neteller, and FasaPay. If you make deposits using these e-payment providers, the amount is credited to your account in real-time. When it comes to offered assets for trading, worldtradexFX has one of the lowest numbers of assets for trading.
Here are some of the spreads we found on the most commonly traded assets with worldtradexFX as an example. For example, by choosing one of nine different timeframes (including one minute, five minutes, one hour, daily, weekly, monthly, and more). You can also add graphical objects to the charts, such as shapes (rectangle, triangle, ellipse), arrows, and text. MetaTrader 4 is available as a web platform compatible with Windows, Linux, and macOS. You can trade from 10 of the most popular indices, including Dow Jones, NASDAQ, Nikkei and Eurostoxx 50. worldtradex Markets Cyprus Ltd does not offer its services to residents of the USA, Canada, Belgium, and the UK, as well as other jurisdictions outside the European Union.
This is provided both through their own dedicated copy trading platform and a mobile trading app for on the go trading. You can choose to either be a copier, or a “Master Trader” where others will copy you and you will earn a commission. Here you will find daily trading ideas based on complex technical and fundamental analysis across a range of different trading instruments. There are also daily and weekly forecasts that cover the financial markets in great detail. These market insights can help identify trading opportunities and assist with your market analysis.
Enjoy smooth and convenient trading with user-friendly interface on a fast and stable platform. The array of trading tools worldtradexFX offers is impressive and aids in making informed decisions. While the tools are comprehensive, I think the commission structure for some currency pairs could be reviewed for better competitiveness. It’s comforting to trade with a broker that adheres to global standards. We’ve designed our services to not only be highly secure but also incredibly user-centric.
Keeping funds separate from the company funds means that they cannot access them for any other purpose. worldtradexFX offers negative balance protection, so if your balance becomes negative, they will automatically adjust it to zero. The risk management system ensures that clients cannot lose more than they initially invested as risk is limited only to the funds you have deposited into your account. The copy trading platform is Worldtradex scam also a bonus, which is the perfect opportunity to mirror the trades of 1,500 traders and leverage their experience to profit from leveraged markets. 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.
What is the minimum deposit for worldtradex?
It offers tools for price change tracking, trend pattern recognition, and automated trading. I feel that the platforms should have more than enough tools for most of you to get by. You can also find loads more of free and paid add-ons to further enhance their capabilities. There are programming interfaces if you wish to build your own tools or you could hire someone to do it for you if your coding skills are limited.
Forex Broker’s Bonuses
If you’re looking to leverage the efficiency of trading bots, worldtradexFX has got you covered. Automated systems like Expert Advisor and cBot can be a game-changer. They operate devoid of emotion, ensuring decisions are calculated and swift. Plus, their focus is unwavering, eliminating the risk of human error. Test these systems’ prowess on our unlimited demo accounts and, once you’re confident, deploy them on your live worldtradexFX trading account for optimal results.
They provide ECN execution which is popular among scalpers for its high speed. The broker also offers copy trading services an accessible minimum deposit. When choosing my account the broker offers three options which are essentially the same Standard account but used for different trading platforms. However, potential traders should note that, as with any investment, trading Forex and CFDs carries risk, and it’s crucial to have a sound understanding of the markets before starting to trade.
worldtradex said that offering swap-free accounts aligns with its business goal of serving a global clientele. One of worldtradex’s impressive features I found was the no swap fees on all of its accounts. This means you can hold CFD positions overnight without being charged interest or fees like non-Islamic accounts do, making the broker a solid pick if you trade stocks. The spreads on the MT5 account were stable in my tests during the New York and Asian trading sessions. 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.
