The current market situation is quickly available in the MetaTrader 4/5 mobile application. The application is, of course, used for FX trading, and it can be said to own a few powerful charting of all mobile applications. worldtradexFX provides well in terms of language choice to traders, though there is a clear focus on the Asian market when it comes to available languages. The platform can be accessed through Windows, Mac, iOS, or Android, and is an excellent and very well-respected trading platform among the community. Again the platform is available on all mediums and a webtrader is offered. The platform also provides for a wealth of more than 50 charting tools and indicators, and caters for auto and copy trading through its EA feature.
worldtradexFX CopyTrade App
Log in to your worldtradexFX account, go to the “Withdrawal” section, select your preferred payment method, enter the withdrawal amount, and follow the instructions. Finally, allowing API access for custom solutions can potentially attract algorithmic traders and developers. Yes, worldtradexFX allows multiple accounts, but certain terms and conditions apply. The live chat is 24/7 which is great to see, but the experience I’d say is a mixed bag. I like that you don’t have to fill out a questionnaire for support, you are taken directly to help in the form of AI. Crypto is the slowest to deposit with 3-30 minutes which is still extremely fast in my books as some brokers can take 24 hours to credit your account.
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- However, Lithuania, Luxembourg, Oman, Poland, Portugal, Russia, Saudi Arabia, Slovakia, Slovenia, South Africa, Sweden, Spain are still trading here.
- Don’t forget to read our full review on Roboforex before you test it out.
- While it lacks the in-depth functionality of MetaTrader, it distinguishes itself by allowing traders to create composite instruments, allowing them to design customized trading pairs that meet their specific trading objectives.
- However, in my experience with regulators like MAS, they are very professional and helpful so this is by no means a poor regulator.
- This market has a large number of customers because this platform is very easy to use.
- On worldtradexFx, customers can withdraw funds from their trading accounts using the same ways they deposited.
You can compare it to the initial or general trading of the stock market. But here, the average of the spreads is calculated as 0.4 pip in Forex. If you want to get it out of the stock index, it will be less than 1 point. Even better, if you expect a high-rank spread, then the black account can help you in this regard. In this review, we will show you all the details you need to know about worldtradexFX.
Regardless of trade results, rebates range from $4.80 to $8 per lot. You can use bank transfers, credit/debit cards, and various e-wallets to deposit funds. Yes, worldtradexFX requires identity and credential verification before activating an account.
Supported Countries
Overall, the worldtradexFX Affiliate Program and its ancillary options provide traders with a comprehensive suite of opportunities to capitalize on their networks and expertise. worldtradexFX has launched a https://worldtradex.pro/ campaign called “Trade and Win Giveaway” to recognize the hard work of traders in the UAE. Meeting certain trading volume requirements allows participants to win exciting rewards like exclusive trips, laptops, or smartphones through random selections. This initiative boosts trader motivation and offers tangible incentives along their journey toward prosperity.
Does worldtradexFX offer a demo account for practice trading?
As you can see from the above table all the accounts offer the same regarding trading costs, the only difference is the trading platform. If you want to trade all markets worldtradex provides, I found your only option is the MetaTrader 5 account. I think worldtradex is a solid option as it provides excellent features that I think will appeal to a variety of traders. Firstly, worldtradex uses ECN technology so you get excellent execution speeds with tight spreads of 0.90 pips and is commission-free, which is rare for ECN brokers. Each of the countries you see here has the support to join the broker worldtradexFX. This company is a very large trading platform, so you can safely place your deposits or assets here.
However, I would like to see other Tier-1 regulators like the Australian Securities and Investments Commission (ASIC) or the Monetary Authority of Singapore (MAS). The FSC is deemed “offshore” as they are an authority that accepts clients from multiple countries like Malaysia, Singapore, or Australia without being directly regulated by the country’s financial authority. You have a selection of alerts you can receive, so I set it up to show all trading signals like candlestick patterns and chart patterns such as head and shoulders. I found the signals to clearly demonstrate the trading idea and the market commentary is a nice touch to help explain the move. MetaTrader 4 is a great option if you use custom indicators or strategies as it provides the MQL4 library which you can use to create bespoke strategies. If you lack the programming https://worldtradex.space/ skills, the MetaQuotes Marketplace provides a library of 10,000+ custom indicators from the MT4 community you can use.
In our opinion, worldtradexFX MT4 is perfect if you are new to only trading or more experienced and have a preference for minimalistic yet sophisticated trading tools. An worldtradexFX MT5 account is perfect if you are a more innovative trader. Below you will find an overview of the key similarities and differences between the two account types. Overall, the differences are rather minimal, and which account type you choose is ultimately a question of your personal preference. MetaTrader 5 is one of the most popular trades on one of the most popular platforms in the world.
The variable spreads start from 0.2 – 0.4 pips with a commission already rolled in and no other mark-up to worry about on your MT4 Micro, or MT5 Pro Account. You will also find fixed spreads available on the MT4 Micro account that start from 2 pips. At worldtradex there is an option to submit for a Demo practice account and use the unlimited sources to polish strategy or get to know platforms and worldtradex conditions better.
This was frustrating when asking questions about their services and trading accounts as I felt they didn’t answer the question. Overall, the account opening process took 3 minutes which is the fastest application I have completed for opening a live trading account. I think having worldtradex Copy is a good alternative for beginners or those who don’t want to invest their time in learning how to trade. At least this way, you can copy an experienced trader and benefit from leveraged products such as forex, crypto or commodities like gold. A nice feature I liked was the order ticket showing your potential profit and loss in monetary value compared to just in pips like other platforms. This is a useful feature if you’re new to trading as you’ll know your monetary risk instead of guessing with a pip conversion which could lead to mistakes and over-risking your trades.
In particular, it has a Pattern tool that lets you apply a variety of technical analysis on your charts automatically which is useful if you are new to forex trading. 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. The demo account provides real-time price feeds like a live account but gives you virtual funds to trade in a risk-free environment. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
