There are more technical and fundamental indicators for chart analysis, 21 timeframes, graphical objects, support for more order types, an economic calendar and more. I would say this is a good stock trading platform for those of you who are looking for something more than just forex. MT5 is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). I like that worldtradex provides a variety of trading platforms that all trading styles can use, making the broker a versatile option to benefit from the lower trading costs.

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• worldtradexFX is a foreign exchange broker registered in the St. Vincent and the Grenadines, a tiny nation in the Caribbean.
• Traders in these countries can simply go to a local bank and make a deposit to their Forex accounts with worldtradexFX.
• worldtradexFX is a global online forex and CFD broker established in 2011, offering trading services across various financial instruments, including forex, commodities, indices, and cryptocurrencies.
• worldtradexFX also supports major e-payment providers such as Skrill, Neteller, and FasaPay.

The trading interface of worldtradexTrader is quite unique, it presents users with extended functionality. It combines market data with charting, so customers can see live prices of instruments even as they perform live analysis. However, on a review that an account has been inactive for long it gets deactivated. Various account types on the 3 platforms have different deactivation dates as stated below.

worldtradexFX MT4 Micro Account

Based on our research, we have assigned the following ratings to worldtradexFX. On the other hand, its cTrader server is a hosted solution Worldtradex scam from Spotware. Regardless of which platform and account you are using, worldtradexFX claims that its order executions occur within 0.1 seconds.

Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), worldtradex’s lack of additional reputable licenses heavily weighs down its Trust Score. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. The number of instruments on offer is relatively limited, and areas of the site could do with being more transparent as it can be hard to pin down certain facts.

Withdrawal Methods

worldtradexFX is a good ECN DMA broker choice and great for scalping, hedging, and autotrading. A low spread andminimum depositas well as its own copy trading service make it perfect for many. While they do offer top trading platforms MT4 and MT5, if you are looking for a wide range of assets they may not be perfect. Founded in 2011 in Cyprus, worldtradexFX is a well-regulated broker with oversight in place from CySEC and SVG.

Below this is the Navigator window, where traders can view their account(s), indicators, and Expert Advisors. MetaTrader 4 offers advanced charting capabilities to determine entry and exit points with technical analysis, which uses historical price and volume data to help traders make predictions. MetaTrader 4 (MT4) provides robust technology and high security, helping users trade without worrying about the platform’s stability.

Your bank may also charge you a commission or fee on wire transfers, though there is no fee directly from the broker. Added to that the fact they do only offer a limited range of base currencies and not many deposit or withdrawal methods and you can see the limitations of this otherwise popular broker choice. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments.

Also, if you want to access your trading account with worldtradexFX on the go, you can always download Android or iOS apps and login to your account from anywhere. In the beginning, worldtradexFX started its service by offering the MetaTrader 4 platform and till today, the Micro account comes equipped with this popular trading software. However, worldtradexFX has acquired a license from MetaQuote to offer the latest version of the software, MetaTrader 5 for its Pro accounts. For a true ECN experience, however, the company has acquired a license for cTrader from Cyprus based Spotware. By operating segregated bank accounts for client deposits, worldtradexFX ensures the safety of client funds.

This applies to all markets including forex, commodities, and cryptos. The worldtradexFX MT5 pro account is one which they recommend for the more experienced traders. With that said, the minimum deposit here is still low enough for all types of trader to get involved. This is $50 minimum deposit within the EU with the account being available worldwide. With them, you can place buy and sell orders in market conditions specified by you, typically based on price movements and technical indicators.

Islamic Account

This makes it perfect for new traders and those beginners starting out. If you are trading from outside the EU, the minimum deposit will be $25 with the worldtradexFX Micro account. In this worldtradexFX review, you will find everything you need to know on the key areas of the broker like spreads, account types, and security.

While the free webinars allows clients to learn from veteran traders one-on-one, at a scheduled time. For articles, a handful exists bordering a wide range of topics ranging from risk management procedures and trading techniques. The trading interface of the mobile app is quite basic, yet it is functional. Its only limitation to client is its small screen resolution, hence, making deep technical analysis somewhat difficult. This broker charges no fees on currency conversion during deposits and withdrawals.

However, the highlight of my worldtradexFX journey thus far has undoubtedly been the comprehensive training section on their website. Not only is the content curated with beginners like me in mind, but it’s also articulated in a lucid manner, making complex concepts digestible. The inclusion of practical examples further cemented my understanding, and I felt better equipped to navigate the Forex realm.

The broker claims to process all withdrawal requests received within 1-3 hours. Depending on the withdrawal method used, the minimum withdrawal amount is $5. However, customers can withdraw as many times as they wish and withdrawal is free. worldtradexFX might not offer a lot of exotic currency pairs and you might find it relatively difficult to look for a lot of opportunities with only 28 currency pairs. However, with high spreads and extreme volatility, most of the hundreds of currency pairs offered by other brokers are often not practical to trade anyway. We found the approach of worldtradexFX to be more practical as it offers low spreads on popular currency pairs instead of offering hundreds of assets with high spreads and fees.

• In this worldtradexFX review, you will find everything you need to know on the key areas of the broker like spreads, account types, and security.
• When choosing a broker, regulation is one of the first things that I look for.
• The primary difference between the two accounts is the maximum trading volume, which is higher in the MT5 account (500 lots) compared to the MT4 account (200 lots).
• Being able to still engage with the full range of services from smaller screens is a real plus-point for the service.
• This broker charges no fees on currency conversion during deposits and withdrawals.

Delve into the intriguing world of gold, silver, crude oil, and a spectrum of other commodities with our expert assistance. Commodities represent tangible assets you can trade, encompassing metals like gold, silver, platinum, and copper, as well as energy resources such as crude oil and natural gas. The allure of commodities for traders lies in their limited correlation to the volatile swings of currencies and the stock market.

Markets

With worldtradexFX another of the measures in place to keep you safe as a trader is negative balance protection. This means that you can never lose more money than the balance of your account. This service is offered worldwide, regardless of whether it is required by the regulators or not. We strive to offer the best trading conditions on the market to make trading more effective for our traders. When choosing a broker, regulation is one of the first things that I look for.

That being said, it is nice to see that worldtradexFX have a good selection of useful trading tools that can be used for trading signals, market analysis and risk management. Yes, worldtradex is legal and regulated across multiple jurisdictions covering the EU and Asia. For the EU, it is regulated by CySEC which is a Tier-1 authority and for the rest of the world you will be regulated by MAS or MISA. By being regulated across multiple jurisdictions it allows worldtradex to provide retail financial services to traders across 180 countries. worldtradex offers a demo account for all of its platforms such as worldtradexTrader, MetaTrader 4, and MetaTrader 5.