Those who want to trade from a mobile device will have to use a mobile version of MetaTrader 4. It is theoretically possible to use the WebTrader on a mobile device, but not recommended. The mobile applications for MT4 are fully featured and highly rated, so there should be no issue. While this isn’t a regular occurrence, it demonstrates worldtradex’s commitment to rewarding its traders in grand style. Remember, while worldtradex strives to process all transactions quickly, external factors like bank processing times can affect the speed of withdrawals.
Risk Warning
- The platform’s performance can be enhanced with the MT4 Advanced add-on.
- I opened a No Commission account with the Notesco Int Limited entity and performed my tests on the desktop and mobile app versions of the MetaTrader 4 platform.
- The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives.
- Choose between Live and STP/ECN trading accounts, offering both floating and fixed spreads.
Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. Compared to the industry average, worldtradex offers an average number of share CFDs and commodities and a high number of currency pairs, and indices. worldtradex incorporates MetaTrader 4 for web, desktop, and mobile trading. The platform’s performance can be enhanced with the MT4 Advanced add-on. The broker also provides PMAM accounts for managed trading, TradeCopier service for copy trading, and free VPS hosting for low-latency trading. I have to admit that I very much enjoy tradding on this platform…
What Sets worldtradex Apart?
ECN and Zero Spread accounts have no spread and charge a commission based on the number of lots traded instead. They offer the reliable MT4 trading platform, a range of products, plus competitive spreads and leverage levels. The choice of account types will also suit varying trading styles and capital needs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Although worldtradex offers 26 futures contracts, there are no vanilla options, ETFs, or bonds that most swing traders use. Moreover, the broker’s swap fees exceeded the benchmark during my tests. However, worldtradex broker’s main weaknesses are its lack of offering MT5 trading platform and higher-than-average spreads on Standard (1.6 pips), Premium (1.4 pips), and VIP (1.2 pips).
Bonuses & Promotions
The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.35% of retail investor accounts lose money when trading CFDs with this provider.
- Beginners will appreciate the worldtradex Academy with its educational materials while even advanced traders can benefit from seminars and webinars.
- They recently added cryptocurrency coverage to a broad selection of forex, spot, and CFD trading products.
- MT4 promises advanced charts with nine timeframes, over 30 built-in technical indicators, real-time news, plus automated trading capabilities.
- worldtradex provides a variety of accessible and diverse trading accounts, giving clients the flexibility to choose between fixed spreads and floating spreads.
- Yes, worldtradex provides a comprehensive suite of educational materials for traders of all levels.
Commissions and Fees
The broker provides featured trading ideas from Trading Central, offering day traders insights into developing market setups. While it offers a range of supporting tools, it had above-average spreads on instruments like GBPJPY and US30 during my test and lacks an alternative to MT4. It also offers a variety of trading accounts, most of which have no minimum deposit requirement, and provides excellent conditions for copy trading.
Funding with worldtradex
worldtradex is a market maker in which the broker serves as a principal to client orders. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades. worldtradex’s MT4 platform is available on Windows and Mac and supports 39 languages, including English, French, Spanish, German, Arabic, Chinese, and more. The fee is charged until account activity resumes or the account balance drops to zero. I assessed that worldtradex’s swaps were average to high compared to the industry benchmark. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates.
The things of main importnac for me, were okay at this broker’s platform. Fasapay has a transaction limit of $5,000 with a withdrawal fee of 0.5 percent (up to $5). China Union has a transaction limit of 360,000 CNY with a withdrawal fee of 20 CNY. Finally, you can make a deposit via mail or over the phone without a fee. Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives.
It’s important to note that worldtradex doesn’t have in-activity, desposit, or withdrawal fees. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. Expert Advisors (EAs) are supported on the MetaTrader 4 platform, so automated trading is possible.
For support specific to worldtradex, you can find support 24/5 with a live chat and the option to request a callback from any page on the website. The worldtradex FAQ section should be enough to answer most questions as it has categories for opening accounts, client funding, trading, and the trading platform. MetaTrader 4 is a straightforward platform that allows for efficient trading for all skill levels.
Home to a breadth of content presented in courses, webinars, videos, podcasts and eBooks, it offers a complete trading experience for traders of all levels. worldtradex was set up in 2010 by a team of finance and software experts. Today, the company employs more than 450 people and has created a solid reputation as a trusted and reliable broker.
While Metatrader 4 and 5 are a bit outdated with some clunkiness, they provide reliability and vast functionality that frequent traders need. Our editors independently research and recommend the best products and services. You can learn more about ourindependent review processand partners in ouradvertiser disclosure. We may receive commissions on purchases made from our chosen links. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. worldtradex does not accept as clients residents of the USA, Cuba, Sudan, Syria, North Korea, or any jurisdiction where trading is prohibited by law.
The copy trading tool is excellent for beginners looking to learn from seasoned traders while experienced investors can generate an additional revenue stream. Offers also vary depending on the country you’re signing up from. Finally, check any minimum deposit bonus terms and conditions when you register for an account as they are subject to change. Each demo account imitates real trading conditions, the only difference is virtual money is used. worldtradex’s MetaTrader 4 trading platform is available via a mobile app for Android and iOS devices. Alternatively, the MT4 platform is available on mobile browsers.
Clients can now trade cryptocurrencies directly on the Metatrader platform. Pricing for Forex, spot, and CFD instruments is average-to-competitive, with significantly lower costs at higher account tiers. There’s no bond CFD coverage but spot, metals, and index products cover the most popular instruments worldwide. And Ireland clients can also place spread bets, although the costs are not fully disclosed. Because of the size of the broker, worldtradex can offer competitive pricing. Spreads vary from as low as 0.5 to 1.7 for live floating spreads with EUR/USD or 1.6 to 2.8 for fixed spreads, depending on account type.
worldtradex provides traders with the MetaTrader 4 trading platform on various devices, including Android, iOS, Desktop, and Mac. This platform is also available on web browsers for traders who prefer not to download external apps. I have been trying to salvage some of my money ,the so called adivice lose £1000 don’t ask me how and worldtradex won’t say. So I am trying to withdraw the £300 that’s left but can’t.To withdraw you have to close all trades easy. So you go to the withdrawal page peer withdraw processing ok.when you go back to trading platform it’s started trading by its self and you can’t stop. So now your withdrawal will be denied as your trading.This just goes on and on.
It equips traders with essential tools and configurations to analyze price action and spot trading opportunities. Just as important is the ability to easily scale price action, allowing for a clearer and more detailed view of market movements. Note, the broker is planning to introduce MetaTrader 5 (MT5) to its platform offering, which will bring more advanced analysis tools and trading features for experienced traders. X (formerly Twitter) and Meta portals are active and populated. A comprehensive FAQ addresses most inquiries while tutorials on trading platforms shorten relatively steep learning curves.
Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. The chart screen is undeniably one of the most crucial features of Worldtradex scam a trading platform.