This plays well into your hands as you will always receive the best available price from the network, leading to cheaper trading fees and better profit potential. 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. Founded in 2011, worldtradex (formerly worldtradexFX) is part of a group of global entities, which include worldtradex Markets LTD (based in the island of Mwali) and worldtradex Markets Cyprus Ltd (based in Cyprus). worldtradex also provides financial services through its intermediary, Orinoco Capital (based in South Africa).
These are two offshore regulators that allow worldtradex to provide secure financial services in 180 countries. Amongst the new features and platform improvements, you can still automate your trades with MetaTrader 5 and Expert Advisors. If you are interested in automating share CFDs, MT5 is the only platform on worldtradex to provide this.
Who is eligible for worldtradexFX’s Cashback Rebates?
We are dedicated to maintaining high editorial integrity and transparency during reviews or other posts. However, it’s important to note that some of the products we discuss are from our partners. 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. The support team is recognized for its prompt response times and ability to address concerns in multiple languages, reflecting worldtradexFX’s commitment to serving its global client base.
Does worldtradexFX charge for depositing money?
- It has several entities around the world and provides services by industry standards.
- At least this way, you can copy an experienced trader and benefit from leveraged products such as forex, crypto or commodities like gold.
- worldtradex’s Forex demo account suits both beginners and experienced traders.
- The platform can be accessed through Windows, Mac, iOS, or Android, and is an excellent and very well-respected trading platform among the community.
Research at worldtradex Trade combines sophisticated strategies rather than only data. They cooperate with independent data labs and in-house data analysts with knowledge from other knowledgeable forex traders. This cooperation produces basic but very valuable information that guides your wise financial decisions. Usually, worldtradex understands the value of customized leverage choices since they let traders to maximize their tactics throughout several asset types. worldtradex offers three various account models to fit various trading needs and preferences. worldtradex’s Invite-a-Friend program lets traders earn extra income by referring friends at no cost.
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However, as the company developed the broker worldtradex established its legal entity in Cyprus and respectively got a license from the local CySEC, which also imposes regulations according to European ESMA standards. Besides, another license was obtained in South Africa regulated by FSCA giving a better expansion and regulated access to Africa Market. The broker has two referral programs, including the Invite a Friend and the IB partner programs. In the invite-a-friend program, you can earn extra profits by recommending the broker to your friends, and if they register and mention you as a referral, you will make a $1 profit on each trading lot. It’s quite easy to either withdraw your money or put it into your worldtradex account!
worldtradex trading platform screenshots
Internal transfers between different accounts can be done from the dashboard and are nearly instantaneous. There is also the option to transfer funds to a wallet outside of these accounts but within worldtradex. worldtradex does not provide services to citizens of the United States (US) and residents of Canada, Spain, Belgium, India, Iran, Myanmar, North Korea, Pakistan, the Philippines, the United Kingdom, and the US. Verification can help ensure real people are writing the reviews you read on Trustpilot. We use dedicated people and clever technology to safeguard our platform.
The program showed amazing capability during testing, letting users access more than eighty trading instruments and make swift trades. With 30 technical indicators and 15 drawing tools, the app allows efficient chart analysis right away. The broker offers a 50% deposit bonus on all account types except Islamic and demo accounts. Suppose your deposit amount is $400, so the number of trading lots should be at least 100, which means you can withdraw the deposit amount after 100 lots. worldtradex ensures secure, commission-free deposits and withdrawals through a wide variety of local and international methods.
- The educational materials provided by the broker are sufficient to help traders learn what forex trading is and grasp the basic concepts.
- Yes, worldtradexFX requires identity and credential verification before activating an account.
- We were impressed to find that worldtradex offers a good range of funding methods, and deposits and withdrawals are free and fast.
- Following that, they can select specific Masters whose trading activities they can automatically copy, allowing them to profit from proven trading strategies.
You can close your worldtradexfx account by emailing the customer support group at requesting to delete or close your account. worldtradexFX has multiple contests, including a demo contest and an Archive contest. You can win up to a $1000 prize in the demo or Champion contest by efficiently trading with your Worldtradex review demo account. Trading in the Muslim community is considered haram, but swap-free trading accounts, which do not include interest charges, are considered legitimate.
One negative aspect we encountered while trading with MT4 was that it does not allow for regular partial closes. For example, when we attempted to close 0.3 lots from a position of 0.5 lots, the entire 0.5 lots were closed, and a new position of 0.2 lots was opened instead. However, when we performed the same operation for the same MT4 account from the worldtradex app, we found that this partial closing was allowed.
It allows traders to earn consistent profits by replicating the most profitable strategies available. Tailored to cater exclusively to proficient traders from diverse financial backgrounds within the UAE, the MetaTrader 5 account proffers avant-garde trading instruments and exceptional trade conditions. Emirati traders can avail https://worldtradex.blog/ themselves of the “50% Deposit Bonus” offered by worldtradexFX, which provides a bonus of 50% of their deposits. This added value may be utilized for trading purposes, allowing traders to fortify their positions and enhance strategies accordingly. Upon fulfilling specific volume requisites, the bonus funds become withdrawable, thereby bolstering overall trading resources significantly.
This could include opening an account with worldtradex Markets Cyprus Ltd, or Uni Fin Invest which is worldtradex’s Mauritius entity. This is because you will receive better protection and service from your local regulator should you need to enforce a complaint. However, in my experience with regulators like MAS, they are very professional and helpful so this is by no means a poor regulator. Additionally, Orinoco Capital (Pty) Ltd. holds a Financial Service Provider (FSP) license number from the Financial Sector Conduct Authority (FSCA) in South Africa. It is also regulated by the Financial Services Commission Mauritius (FSC) and Mwali International Services Authority (MISA) for non-EU clients.
worldtradex said that offering swap-free accounts aligns with its business goal of serving a global clientele. The other feature I liked was that you do not pay swap fees on your CFD positions, saving you money should you keep your trades open longer than 24 hours. This makes worldtradex an attractive option for stock trading CFDs as you won’t need to worry about swap fees cancelling any day’s profits, so you can keep the positions open.
This zero-fee structure ensures traders keep more of their profits and can manage funds more efficiently. worldtradex delivers a transparent fee model with zero commissions on trades, no deposit or withdrawal charges, and competitive floating spreads starting from 0.6 pips. This structure enables traders to focus purely on market performance without worrying about hidden costs.