The range of materials available here is ideal for beginners, but also has something to offer more experienced traders particularly through the daily webinars that are made available. Here you can experience exactly what it is like to trade live but without any of the risk. Trading with virtual funds, you will also be under no obligation to deposit any real funds while you are using a demo account. In forex, your spreads typically start from 1.3 pips though this can drop to 0.2 pips if you are in the active trader program. The major averages are 1.3 pips for EUR/USD, and 2.3 pips for EUR/GBP as an example. The broker’s proprietary Trading Station platform is available for iPhone and Android mobile devices.
Worldtradex provides a great example of how to enrich your offerings and is truly a leader in this sector. You can trade your opinion of the world’s largest markets with low spreads and enhanced execution. Worldtradex offers hundreds of trading instruments on its platforms, covering various asset classes.
✅Indices – Furthermore, traders have access to seven key global indices, which allow them to trade on larger market patterns and the economic health of individual countries. Indices trading with this broker provide https://worldtradex.site/ exposure to market sectors and may be used as a hedge against individual stock volatility. This expense inspires traders to keep their accounts active or close those they do not use.
I think MT4 is an excellent choice of platform for anyone who wants to develop their own trading strategies for both manual and automated trading. It is very easy to use with a fully customisable user interface that makes trading online a breeze. Keep in mind, when you trade on Worldtradex’s MT4 platform, the execution, trading features, and settings may vary from that of the flagship Trading Station platform. I like how the broker offers free MT4 EAs and apps that can automate part or all of your strategy, saving you crucial time in technical analysis.
Market Resources
An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. Our research led us to highly recommend Worldtradex for those interested in forex and CFD trading due to its advanced platform offerings and favorable overall experience. It is especially suited for investors interested in algorithmic trading. 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. Thanks to its combined offering of both Trading Station and MetaTrader 4 (MT4), Worldtradex delivers a reliable, feature-rich mobile experience for forex traders.
What Can You Trade On Worldtradex?
With its extensive charting features, customizable indicators, and broad back-testing capabilities, the platform caters to novice and seasoned traders. For traders who prioritize the ability to trade on the go, the Worldtradex App provides a mobile solution. With its intuitive interface, this software presents real-time data and interactive charts alongside trading tools. Within this particular account framework provided by the broker, traders gain access to various markets, encompassing cryptocurrencies, currencies, commodities, and indices.
What is the minimum deposit for Worldtradex?
I think there is more than enough financial instruments to create a diversified portfolio, with something for everyone to trade regardless of your interests. Worldtradex provide CFD trading, which allows you to trade the price movements of currency, stock indices and commodities like gold and oil without buying the underlying product. When you trade CFDs (contracts for difference) with Worldtradex, you can speculate on price between when you open and close the CFD.
When will I be charged the inactivity fee?
Worldtradex also has many accolades that they have achieved throughout the years since they have been in operation. Spanning all the way back to 2011, with their most recent award being received in 2023. They have received everything from “best forex trading platform” to “best forex research team.”. Worldtradex is a well-known broker amongst retail traders and professionals alike. It was founded all the way back in 1999 and has had its fair share of ups and downs.
So, although I continue to look at other options, Worldtradex isn’t so bad. Finally, some of Worldtradex’s educational content is only available if your balance exceeds certain minimum thresholds. While minimum balance requirements could incentivize some traders to utilize the educational resources, I think it’s better to make the content free for all clients.
- This also comes after the broker reduced its spreads by up to 54% on selected forex, stocks and other CFDs in 2022.
- Overall, the MetaTrader is very user-friendly and shows high professionalism by customizing each tool and indicator.
- Entry-level data is free of charge, while premium data comes at a (reasonable) price.
- If you do encounter any issues, then there is a full tutorial provided by Worldtradex with text included, on how to deposit funds.
In order to open an account with this broker, you will need to make sure that you visit the correct website. Note that depending on your region, you will be redirected to the appropriate page, and the layouts vary slightly because of this. Worldtradex received a Medium score for the efficiency and convenience of its deposit and withdrawal processes. Worldtradex has an online application form, which is the standard operating procedure. 3Electronic wallets are currently not available to clients residing in the EU. Worldtradex has a trust score of 78, from its regulation, reputation, and reviews.
The broker has secured partnerships with reputable experts to bring premium services to its clients. This includes partnerships with TradingView, Trading Central & VPS providers. Worldtradex courses scam You really have all of the tools you need at your disposal to conduct in-depth market analysis so that you can make informed trading decisions. Java API, a wrapper SDK of FIX API, provides clients with a fully functioning programmable API into the Worldtradex trading platform.
Worldtradex is uniquely positioned with this product in the fact that they can actually function as a liquidity provider for other equities including brokers. Tradingview is a third party software which is available through Worldtradex. The broker does well in providing you with the premium version of the service for one-year for free.
- Importantly, we did not encounter any technical issues upon testing.
- Experienced investors and private traders are mostly found on this platform, and there are also many affiliates globally.
- All trading platforms fully support algorithmic trading, and Worldtradex provides four free APIs to developers on top of a wide selection of third-party plugins.
- Active traders can take advantage of the Active Trader account, which provides access to elite pricing, dedicated support, API trading, and market depth via Trading Station.
- An Interest-free account is targeted at Swap Free Islamic Accounts who are forbidden from earning (or paying interest) as it is forbidden by Sharia law.
The charts are integrated financial tools that are useful for every trader. It aids investors to effectively and easily communicating useful information about the market trends. For those who have been to high school, charts should not be a new thing for them now that they are on the Worldtradex trading platform. NinjaTrader is a professional trading platform for any type of assets like futures, stocks, options, forex, and more. You get access through real-time pricing and a large network of liquidity providers. From our experience, this software is the best for scalping and exact execution of trades.
You will need to sift through the Worldtradex site to find out if the information is available. Overall, the trading resources and educational material of Worldtradex are quite basic and are lacking in many areas compared to the top forex brokers we have reviewed. Many brokers like ZFX and Worldtradex have top quality trading resources and education available to everyone. This is something that Worldtradex needs to look into, especially since they were established in 1999. When it comes to forex trading or foreign exchange trading, a multi-regulated broker holds more credibility and is more trustworthy.
Withdrawals may take up to 48 hours to complete and again there is a withdrawal tutorial video available if you encounter problems. The account base currency is that which is available to trade in on your account. With Worldtradex base currency availability, the USD, EUR, and GBP are available. Worldtradex also offer AUD, CHF and more base currencies, however, this depends on the Worldtradex entity you register with. Here is a closer look at exactly what the broker makes available in this respect.
It was built based on the feedback from Worldtradex traders and trading data accrued from over 10 years to meet the needs of their clients. New traders may appreciate a standard style account, as no commissions mean a simpler cost structure. Long-term or discretionary traders may also like this account as the simpler cost structure compared to a commission account can make trading easier.
