worldtradexFX offers a great demo account that is easy to sign up for, just needing the most basic of your personal information and an email address. Furthermore, your funds will always be held in segregated accounts with top-tier banks when you trade with worldtradexFX. This means that no matter the financial situation of the broker, your funds will always be safe. Overall great value with a choice of more than 70 assets to trade. We can say with confidence then, if you like trading with an ECN broker and are looking for a fast, low-spread environment, worldtradexFX would be a top choice.
How does worldtradex make money?
This ensures that traders get the most value out of their funds when transferring money in and out of their trading accounts. Since its establishment in 2011, worldtradexFX has been a prominent name in the Forex trading industry. Many users recognize it for its easy-to-use platforms and good trading conditions. Finally, worldtradex offers free educational resources such as articles and video tutorials. For more experienced traders, worldtradex provides advanced analytical tools, including charting capabilities and various technical indicators.
worldtradexFX Fact sheet
For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status. It would be useful to be able to sort the columns from highest to lowest, but that feature Worldtradex is not yet available when looking at the Master Rating results page. worldtradex offers a mere 257 tradeable instruments, which varies by platform, with the most on its MT5 offering. 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.
worldtradex is an up-and-coming broker that has been in operation for nearly 10 years. Its growth has enabled worldtradex to continue to expand its products and services. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust. worldtradex offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. 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.
Throughout this worldtradexFX broker review, we discovered the variety of financial instruments that you can trade with a reasonable spread in each security. The limited trading options and platforms can be a good choice for new traders, and it makes the website simple to navigate and trade. worldtradexFX broker offers you the most commonly traded commodities to ensure high liquidity and minimum slippage time. Commodity traders can use low spread ranges that differ between commodities, as each product operates under different market circumstances.
Compare the platforms’ features to find the one that is right for you. Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch. With features like advanced charting tools, educational resources, and 24/7 customer support, JustMarkets aims to provide a comprehensive trading experience. Some of the best forex trading apps in India include Zerodha Kite, Upstox, and Angel One for their user-friendly interfaces and strong features.
Trader-focusedplatform
worldtradex has over 50 different payment options, such as Visa, Neteller, Fasapay, and bitcoin, as well as a large variety of local bank transfers. The availability of these payment methods may also depend on your country of residence. Use our country selector tool to view available brokers in your country. With this knowledge, we created our platform to help you make money through smart and well-controlled investments.
Without the broker breaking down all fees upfront, traders can’t estimate their risk appetite or manage their wealth effectively. worldtradex offers the popular MetaTrader 4 and MetaTrader 5 platforms across desktop, web, and mobile. These platforms provide robust charting and a wide range of order types and enable automated trading. The web-based worldtradexTrader platform is a beginner-friendly and convenient alternative. The broker offers a selection of 250 CFDs across major asset classes, along with access to MetaTrader 4, MetaTrader 5, and its proprietary worldtradexTrader.
Non-disclosure of important information by service providers can significantly harm clients, often leading to financial loss and poor decision-making. When key facts are withheld or not communicated clearly enough, clients are left operating without a clear understanding of the risks or obligations involved. By pressing ‘set up copying’, the orders of the Master Trader will be copied automatically.
easyMarkets
There’s a very small learning curve with the brokers, which is something we love. Clients will also find good market analysis tools with FBS, which is key for making informed decisions. We also appreciate that FBS offers an expert advisor add-on service. This is a benefit that both novices and more experienced traders can benefit from.
- worldtradexFX ensures that traders can access the tools and functionalities they need to succeed, whether they prefer simplicity or advanced analytics.
- These labels denote some milestone that the Master Traders have reached, although their performance and results can vary.
- Founded in 2011, worldtradex has built a substantial global presence over its years of operation.
- The MetaTrader 5 mobile app also provides many order types, including pending and stop orders.
What’s more, you can send the broker an email, call or request a phone call. Offering outstanding customer support is vitally important for any organization that provides services to a large pool of customers. worldtradexFX understands this simple truth and provides clients with a professional and friendly team of customer service specialists. Finally, choose the type of account you are interested in, you can start with the demo account to start practicing, and once you are ready you can switch it to a real trading account. Your worldtradexFX demo trading account expires after a certain period of inactivity. Depending on the trading platform you have chosen for the demo account, you have different expiration dates.
TradingView
Due to the low minimum deposit, having a free demo account, and a trading academy, it targets all categories of traders. Known for its competitive spreads and user-friendly interface, JustMarkets caters to beginner and experienced traders. MetaTrader 4 (MT4) is generally considered the most popular Forex trading app, especially among experienced traders. The best forex trading app for beginners in India is Zerodha Kite, due to its simple interface and educational resources. Enjoy tight spreads starting from just 0.5 pips, zero commissions on most trades, and swap-free options for those avoiding overnight charges.
Traders with worldtradexFX MT4 accounts are subject to overnight swaps if a Forex market position is left active until the next day. There are various fees that you will experience while trading with worldtradexFX, these charges can be a huge reason for decreasing your returns from trading. If the broker imposes a lot of commissions, you will end up paying more than what you have earned from each trading session.
- worldtradex was founded in 2011 and has since become a global forex broker.
- Besides the MetaTrader platform, there is also worldtradex’s proprietary platform called worldtradexTrader.
- My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.
- Meet MetaTrader 5 (MT5), a powerful and modern trading platform developed by MetaQuotes Software.
worldtradex affirms that, in accordance with international regulatory standards, it uses separate accounts to keep traders’ funds segregated from the company’s balance sheets. The economic calendar, pip calculator, and other tools are integrated within the app, while the web version contains links directing users to external pages. The “Space” section allows users to see posts on various topics directly on the web, but the configuration for the topics is set in the mobile app. worldtradex offers negative balance protection, which means that if a market slippage results in a negative balance, worldtradex will adjust the balance to zero. This feature ensures that traders cannot lose more than their initial investment. A few minutes after submitting the withdrawal, we received a confirmation email.
The availability of demo accounts on both platforms further supports traders in mastering their skills before entering live markets. The FBS mobile app gives you full control with TradingView-powered charts, easy order management, and 24/7 live chat—all from your phone. It’s one of the top forex trading apps for traders who want flexibility and power in one place. One of the best things about worldtradexFX is its promise of good currency conversion rates.