However, worldtradex’s risk management system ensures that no additional debt is incurred, safeguarding traders from losses exceeding their original deposit. worldtradex offers commission-free trading, allowing users to trade without worrying about additional costs. worldtradex is a trusted broker that offers Contracts for Difference (CFDs) and competitive spreads across 300 trading instruments. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. worldtradex extends three types of trading accounts to suit diverse user needs – the Micro (MT4), Pro (MT5), and the worldtradexTrader account.
- Treasury Secretary, hinted at de-escalating U.S.-China tradetensions, it is clear that investors should still get used to living in aperiod of heightened volatility and uncertainty.
- It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page.
- The broker introduced the “Status Program” to cater to Indonesian traders’ loyalty and trading activity.
- Their user-friendly platform and thorough market analysis have made navigating the financial markets effortless.
“Trustworthy service”
This is a great tool if you scalp or day trade as you can use the data to find hidden support or resistance while helping you spot breakout trading opportunities. Out of the options available, I think MT5 is the best option with worldtradex as it has the most technical features while also offering all of the broker’s financial products. 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.
worldtradex places great emphasis on maintaining the trust and safety of its clients. Although it is not regulated by top-tier authorities such as the FCA or ASIC, worldtradex adheres to high operational standards to safeguard client funds and ensure security. The broker offers negative balance protection for retail clients, providing an extra layer of financial security. It also keeps client funds in segregated accounts, further ensuring their safety. In addition, worldtradex has developed a strong reputation for transparency and reliability, which has contributed to making it a trusted and reputable option for traders across the globe. worldtradex allows traders to fund their accounts using a variety of options, including credit cards, bank transfers, and popular e-wallets like Skrill and Neteller.
Broker Comparison for Range of Markets
Suppose complications arise, and the patient learns that some risks haven’t been disclosed in a timely manner. It can lead to legal disputes and, more importantly, emotional and physical distress that could have been avoided through proper communication. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. All websites and web-based platforms are tested using the latest version of the Google Chrome browser.
worldtradex has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. worldtradex offers a mere 257 tradeable instruments, which varies by platform, with the most on its MT5 offering. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
The Worldtradex website figures below reflect the available leverage at the offshore entity of worldtradex. Available leverage differs according to the asset class, with the most leverage available with CFDs on forex and the least with CFDs on shares. Copy and automated trading are only available on the MT5 desktop platform. MetaTrader is also popular due to its copy trading and automated trading features. In our tests for the Trust category, we also cover factors relating to stability and financial strength.
Gifts are limited and available on a first-come, first-served basis. With demo accounts, the ability to trade in micro-lots, copy trading, and strong educational resources, I rate worldtradex as a suitable broker for beginners. Experienced traders can take advantage of the advanced features in the MetaTrader platform, such as automated trading.
worldtradex is a reliable and accessible online broker, catering to traders worldwide. With its extensive range of financial instruments, educational resources, and commission-free structure, it provides a solid platform for novice and experienced traders. If you’re looking for a comprehensive trading experience, worldtradex is certainly worth considering. Our market analysis service offers the latest currency rates, including EURUSD and GBPUSD, intelligent technical analysis tools, and daily market insights from our experts. Enjoy smooth and convenient trading with user-friendly interface on a fast and stable platform.
worldtradex Non-Trading Fees
In 2022, trading over the weekend was allowed due to the rise of cryptocurrencies. After more than 10 years in the market, the company claims to have opened over 40 million accounts, received more than 70 awards, and paid out over 33 million USD in bonuses. In addition, the broker offers a rebate program that is especially attractive to traders.
worldtradex Main Features
- In addition to the rebate, worldtradex offers discerning traders a 5% loyalty bonus and reward points equal to 1% of the rebate they receive.
- However, worldtradex’s European entity is regulated by the top-tier Cyprus Securities and Exchange Commission (CySEC).
- Moreover, worldtradex is a crypto-friendly broker – traders can choose from 34 CFDs on cryptocurrencies and make deposits and withdrawals in crypto.
- Traders meeting certain trading volume requirements can enter a random drawing.
- worldtradex provides over 25 payment methods, offering partners flexibility when receiving payouts.
The SSL-secured Personal Area is encrypted with 128 bits, which protects browsing and makes data inaccessible to third parties. The trade war entered the nextstage when Trump unveiled his long-promised ‘reciprocal’ tariffs strategy,essentially imposing import duties on more than a hundred countries. The marketroute began with equity markets losing billions of dollars in valuation.S&P 500 lost more than 11% in just two days, while DXY dropped to a freshsix-month low.
Leverage
This account type provides access to both the MT4 and MT5 platforms, allowing traders to utilize all the tradable instruments available at worldtradex. worldtradex offers a broad range of forex pairs, including major, minor, and exotic currency pairs. With its tight spreads and fast execution speeds, worldtradex caters to both new and experienced forex traders. This wide selection of forex pairs allows traders to explore various markets and strategies, making it a versatile choice for different trading preferences.
The broker introduces a demo account tailored for Indonesian traders, delivering an unparalleled replication of the genuine trading experience. This exceptional platform immerses traders in an authentic environment, mirroring actual market conditions to the last detail. The worldtradexTrader Account is designed for traders seeking a high degree of flexibility and precision in their trading strategies. It provides access to a suite of advanced tools and features, making it suitable for both novice and experienced traders. When brokers conceal their trading conditions, costs, or inherent leverage risks, they create an environment where traders, especially less experienced ones, are at a serious disadvantage. This lack of transparency produces long-lasting negative consequences that affect a trader’s overall ability to succeed in the markets.
Traders can take positions on these indices through CFDs, allowing them to speculate on price movements without the need to own the underlying assets. This flexibility enables traders to profit from both rising and falling markets, making it a convenient option for those looking to diversify their trading strategies. By offering indices as CFDs, worldtradex gives traders the opportunity to participate in global markets with lower capital requirements and enhanced leverage options.
