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. 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. When choosing a broker, regulation is one of the first things that I look for. I would always prefer to trade with a regulated broker as it gives me the peace of mind that they will operate in an honest manner and can be trusted with my funds.
Since last week I started using WorldTradexfx
You can learn more about how this broker performs with our FXOpen review. Whether you’re new to trading or a seasoned pro, WorldTradexVision helps you identify your trading patterns, pinpoint areas for improvement, and optimize your strategies for more consistent, profitable outcomes. To open an account with WorldTradex, click the Open Account button at the top right of the homepage, or access the registration form through the signup page link.
I have worked with them for three years and for the last 7 days they have not allowed me to withdraw the balance of some of my accounts. I used to mail and message them at least times a day but they used to give the same answer (your issue is being looked into and will be resolved very soon). They are running away with the balance of thousands of people, maybe we are slowly realizing it. WorldTradexfx very good company.super trading platform system and amezing costomer support chatting and Gmail costomer support chatting very good information time to time thanking you. To change the leverage on WorldTradexFx, users first have to login to their trading account. Set a new leverage by clicking on the leverage ratio in the primary account section, choose preferred new leverage and press the change button to save.
WorldTradexFX Web Traffic Report
- A 15% capital gains tax applies, and if traders meet certain conditions, a 15.5% social tax is due on top of the 15% capital gains tax.
- The products, features and protection can all vary depending on the entity that you decide to open a trading account with.
- WorldTradex was founded in 2011 and has since become a global forex broker.
- In terms of clients, it has over 900,000 users signed up and clears $4bn of traded volumes every day.
- There’s always a friendly agent ready to answer my questions, no matter what time of day it is!
- Excess fees can really eat into your trading capital when you’re just starting out.
The commission they charge per lot closely mirrors what’s prevalent across other competitors in the market. While this might seem modest, it’s a pragmatic entry point. From my perspective, starting a trading journey with anything less would be ineffectual, rendering the $100 benchmark quite sensible. WorldTradexFX has displayed a penchant for engaging its user base by hosting regular contests. This serves as a platform for both amateur traders on demo accounts and seasoned professionals with real accounts to showcase their prowess. It’s a refreshing approach to foster a sense of community and competition.
The MT4 account, also called traditional account, is an account type used by new https://worldtradex.site/ and experienced traders alike. It not just offers excellent trading and analytical tools, but is also flexible enough to implement simple, as well as, highly complex trading strategies. The platform supports trading forex pairs, commodities, indices, cryptocurrencies but not stocks. The account is available on both MT4 and MT5 trading platforms, and comes with market execution.
There’s a decent offering of educational articles, webinars, and videos. They have offered a rather extensive video course for beginning forex trading, which is good for those just starting out. Along with WorldTradex FX trading, we have also reviewed the top forex brokers in the world.
Market Data
A lot of brokers consider them mutually exclusive, so only offer one, if any at all. The in-house WorldTradex copy trading function is a welcome addition to the suite of services. In line with the desktop version, the WorldTradexFX app is execution-focused. It provides a range of core services, including charting tools to help clients get into the markets with the right level of support. There are two trading platforms to choose from — MT4 and MT5. Spreads can be as tight as 0.0 pips and those who go with the ECN/STP processing option will be provided with exceptional flow quality and reduced slippage.
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- For example, the Micro Account is good for beginners, with zero commissions and super low minimum deposits.
- From my perspective, starting a trading journey with anything less would be ineffectual, rendering the $100 benchmark quite sensible.
- However, depending on the payment system, the time it takes for the money to arrive at its destination may vary.
- I think this is a vital tool and always like to check if there is any pending news before taking a trade.
- In our opinion, WorldTradex’s educational resources are sufficient.
By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. WorldTradex (formerly WorldTradexFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. We hope, that reading all of the WorldTradex reviews you will find the answers to your questions. In case you don’t, please feel free to contact us via Our dedicated 24/7 support team is available in English, Indonesian, Malay, and more.
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They make sure companies like WorldTradexFX adhere to strict rules and treat customers fairly. With all those global customers, you might think WorldTradexFX is headquartered in a major financial capital like London, New York or Tokyo. But its roots are actually in the island nation of Saint Lucia. The islands are known for beautiful beaches and low taxes. And it seems to have worked, because WorldTradexFX now has over 21 million happy customers!
Currency Support
You must master trading psychology, which separates up to 90% of unprofitable traders from profitable ones. Think of this as your personal trading assistant, always ready to provide a swift market overview whenever you’re gearing up to initiate an order. It’s designed to equip you with all the necessary insights, ensuring you’re always a step ahead in your trading journey. Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives. Research tools provided by WorldTradexFX include a well-detailed economic calendar which keeps you updated with all significant economic events and how they may impact you. Both social and copy trading is well provided for at WorldTradexFX through their own proprietary copy trading service.
I like how they operate as an ECN broker as this means they can deliver superior trading conditions which can be important especially for those who are day trading and using scalping strategies. The broker has some useful trading tools, educational resources and a prompt customer support team on hand to assist you as and when needed. Overall, I think they can be a good choice of broker for beginners or active traders who are looking for robust trading conditions in a regulated environment. Dear Tebza Radebe,We sincerely apologize for the frustration and inconvenience caused by the delay in processing your deposit. We understand how important it is for you to have timely access to your funds, and we truly regret any stress this may have caused. If you’re new to trading, we highly recommend visiting our extensive educational portal, where you can continuously learn and refine your skills with a variety of educational resources.
I personally like to maintain full control over my trading as I feel like you can become a better trader in the long run when you learn from your mistakes. The fact that WorldTradex offers an almost institutional-grade trading experience doesn’t mean beginner traders are in any way disadvantaged. Quite the opposite; the firm simply offers reliable, fast, low-cost trade execution using market-leading platforms. 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. This combined with high leverage options opens opportunities for optimal profitability.
