There’s no question – if worldtradex wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research.
- Its worldtradexFX.eu arm is regulated by CySec (Cyprus Securities and Exchange Commission) and has offices worldwide.
- Furthermore, efficient trade management depends on MT4’s quick order execution, which is absolutely important for active traders.
- worldtradex is among the fastest brokers in terms of fund accessibility since withdrawal requests are handled quickly—usually within one to three hours.
- 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.
- To use the VPS service, you must have an active account and a minimum deposit of $500.
worldtradex’s minimum deposit requirement of just $25 makes it accessible for new traders, it is a perfect broker for beginners. To properly increase their trading skills, the platform provides thorough instructional tools, including webinars, beginning and advanced trading videos, and trading glossary. worldtradex also offers a demo account tool so that beginners may test trading with virtual money, therefore reducing risk. Easy navigation and fast trade execution made possible by the MetaTrader 4 and MetaTrader 5 platforms improve the trading experience even further. New traders wishing to enter the financial markets find worldtradex appealing overall since it combines affordability, knowledge, and user-friendly tools. Scope Markets is a global online trading broker that offers institutional and retail trading services to businesses and traders.
How long do worldtradexFX Withdrawals take?
Traders can continuously oversee and recalibrate their copied trades based on performance metrics. The platform’s flexibility ensures that traders can access and withdraw their profits whenever they deem fit. Upon selection, traders can establish a Copier Account within the worldtradexFX environment.
This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice. worldtradexFX does not charge inactivity fees, deposit fees, or withdrawal fees, which is a significant advantage over some brokers that charge additional costs for account maintenance or withdrawals. According to our research, worldtradexFX offers a range of educational resources, including webinars, https://worldtradex.world/ eBooks, and video tutorials, to help traders improve their skills and knowledge.
Does worldtradexFX charge for depositing money?
The quality of worldtradexFX’s research material is a touch above what you’d typically find with the average broker. However, it still trails behind the rich content offered by the best brokers in this category. The broker has also undergone significant global growth over the past few years, serving customers across 100 countries and opening up around 300,000 accounts with an impressive daily volume of $4bn. However, to meet the diverse needs of traders and provide opportunities for portfolio diversification, worldtradexFX should consider expanding this range.
Deposit Options and Fees
worldtradex has made significant progress in a relatively short period of time. Since entering a very competitive market eight years ago, it has built up a client base of almost one million traders and won a host of industry awards. Such success is built on developing an approach that is, first and foremost, trader focused. Platform choice ultimately comes down to personal preference, but worldtradex has signalled its intent by offering its clients the choice of two market-leading platforms. In terms of trading strategies allowed, scalping, expert advisors and hedging are all permitted across each of the two account types, which is not to be taken for granted.
Platform Overview
In terms of clients, it has over 900,000 users signed up and clears $4bn of traded volumes every day. Then there are the industry awards; a selection of some of the most recent accolades includes the title of Most Reliable Broker Asia 2023 and Best Forex Broker 2023 (Allforexrating). We provide broker reviews and ratings to help users find a suitable broker according to their own needs. However, you must do your own due diligence and make your own decisions when choosing a broker.
- Since 2016, the MetaTrader 5 platform has been available, coinciding with the launch of educational content.
- While some people praise the broker wholeheartedly saying it’s one of the best online trading brokers, others say it is no scam but is poorly managed.
- worldtradex Markets Cyprus Ltd and worldtradexFX.eu are regulated by the Cyprus Securities and Exchange Commission (CySEC).
- Yes, worldtradexFX frequently provides additional bonuses or higher commission rates to top-performing affiliates.
- MetaTrader is further renowned as one of the most comprehensive platforms in this area.
worldtradexfx very good company.super trading…
worldtradex Markets Incorporated is based at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines. worldtradexFX is licensed and regulated by FSA SVG license number #19776 IBC 2011. We do not provide investment advice or solicitation of any kind to buy or sell any investment products. Trading carries a high level of risk and may not be suitable for all investors.
Does worldtradexFX provide risk management tools?
The broker manages different accounts, which keeps client money apart from operational resources, hence improving security. Yes, worldtradexFX provides demo accounts through the MetaTrader 4, MetaTrader 5, and worldtradexTrader platforms. The worldtradex MetaTrader 5 (MT5) platform is user-friendly and has new features. However, automated trading scripts like expert advisors aren’t supported. worldtradex broker offers the MetaTrader 5 (MT5) Pro Account, which is very profitable for experienced investors and new traders alike. The worldtradex broker website works just like the desktop platform of MetaTrader 4.