The floating spreads can start from Worldtradex website 0 pips depending on your account type. However please be aware that some fees may be applied in certain cases. All of the same withdrawal methods are also available as your deposit method.
Each index has its own trading hours coinciding with the global financial markets. Check the schedule to learn when you can trade certain indices. Again, in addition to copy trading, it offers a wide range of educational materials inclusive of videos and articles which are meant to help beginners find their feat. The minimum spread users can expect to pay on any trading instrument at any given time is 0.6 pips.
Crypto markets are only supported on accounts that use the MetaTrader platforms. worldtradex has accumulated a strong following over the past 10 years. There is a strong trader focus to the platform backed by very high-quality industry-standard research and learning services coupled with a strong in-house copy trading facility. The pushback comes from the more limited number of instruments a user can trade on this platform. However, this should not detract from what worldtradexFX is, as a convenient, efficient, cost-effective trading proposition, that is attracting a number of third-party industry awards.
MetaTrader 4 web platform
Clients can, on creating and funding an account, find, follow and copy these leading traders at will. The video course provides a sound introduction to forex and forex trading, helping beginner traders to grasp things quickly. While the free webinars allows clients to learn from veteran traders one-on-one, at a scheduled time. For articles, a handful exists bordering a wide range of topics ranging from risk management procedures and trading techniques. The Mobile app offers market data; quotes in simple and advanced modes.
What extra trading services does worldtradexFX offer?
Here you get exactly what you expect with a very robust and extremely powerful and also lightweight trading platform that can run on virtually any device. Here is a more detailed look at the wide range of top trading platforms you can expect to find when you are trading at worldtradexFX, and what they can provide you with. These are all useful and important tools to utilize for any forex trader on all platforms and brokers. The only exceptions here may be in the case of your deposit not matching the base currency on your account, you would then have to pay a conversion fee. Your bank may also charge you a commission or fee on wire transfers, though there is no fee directly from the broker. The account base currency is that which you trade in with the broker.
MetaTrader 4 charting tools for technical analysis
There may also be a fixed exchange rate in place to benefit you as a trader depending on location. Here the broker makes a special fixed exchange rate of 1 USD to 10,000 IDR available that can help traders combat currency volatility. This account type is a great starter account, though at the moment is not available to EU traders. 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.
The breakdown across the two different types of accounts is laid out in a reassuringly transparent manner. 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. Overall, this is an excellent hybrid combination that can secure the best market prices, lowest spreads, and fastest trade execution.
worldtradexFX Trading Platforms
The broker has recently given up its regulatory license with the Financial Conduct Authority in the UK. With trading costs being a significant determinant of success or failure, the broker is right to emphasise what a help this could be. The worldtradexTrader platform is innovative, modern, and very well suited for beginners. There is an element of simplicity that you find in many of the more bespoke platforms designed for the modern user that many will enjoy. As a copier here, you also will not be charged any other commission besides that set by the person you are copying.
This means you can open positions with as little as $1,000 and this amount can be further reduced if you are trading on leverage. The minimum order size you can expect when trading with worldtradexFX is 1 micro lot. This is the same as 0.01 standard lots, or equal to $1,000 in cash value. The slight difference between ECN and DMA in terms of the liquidity provided is that the typical ECN brokers liquidity providers are not known. As a trader, you will find a range of features available at worldtradexFX to suit your needs. Here is a closer look at a few of these features and how they can benefit you as an worldtradexFX trader.
4 of these are available for trading through MT4 and this offering includes major indices from the EU, US, Australia, and Japan. Here are some of the spreads we found on the most commonly traded assets with worldtradexFX as an example. In some places, you will also be allowed to make deposits through Bitcoin. In terms of the time it takes, wire transfers can take 3-7 business days to complete, while the other deposit methods are all typically instant. worldtradexFX doesn’t charge traders any commission for holding an order overnight.
- There are a total of 51 charting indicators provided, and 31 drawing tools also.
- From trend lines, to crosshairs, to zoom tools, they offer a broad range for trading optimization.
- Below is a tabular review of the various deposit methods and the processing time.
The worldtradex technical environment is monitored 24/7 by a dedicated team of highly professional security engineers and technical specialists. Credit and debit card transactions are subject to 3D secure Visa authorisation and there are processes in place to protect clients making withdrawals. It is clear that the Education section of worldtradex’s website is of great importance to the broker. All of the materials are of high quality and cater to beginners, intermediate and advanced traders. That worldtradex is catering to all these groups is a big plus for the site, and the resources are made available to traders using demo as well as live accounts.
Commodities
- 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.
- The custom-built worldtradexFx mobile trading app features a simple yet functional user interface.
- The floating spreads can start from 0 pips depending on your account type.
- With a fine landing page, users are allowed to edit profiles, manage account settings and process withdrawals.
In 2016 worldtradexFX have again reached new peaks as the “Best Broker STP”, “Most Transparent Broker” and other nominations and awards. With so many distinguished awards under its belt, worldtradexFX has definitely proven its reliability as an online broker to the industry. worldtradexVision makes it possible to use AI to improve trading skills, increase awareness when making decisions. The most important thing is that the trader receives a personalized analysis of their actions. worldtradexVision acts as a digital mentor, helping traders of all levels make more informed decisions and potentially achieve more consistent results. It’s easy to add cryptocurrencies to your list of instruments on the MT4 platform.
It will also explore the investment safety measures provided by the broker. Through the mobile app, clients can access multiple financial markets. CFDs on currency pairs, equities, indices, commodities, etc., on the go. Most of the trading tools and indicators offered via the desktop version are readily available on the mobile trading app. We will review some of the trading tools offered on the mobile trading app below.
Also, this type of trading allows an indices trader to use leverage, increasing potential profits. Yes, it offers a referral program where users can get to invite friends for incentives. The referral program known as Invite-a-Friend has its commission rate to be 1$ per 1 standard lot. Aside from the products and services already discussed in this review, worldtradexFx offers more. In this section, we are going to be looking at these extra products and services. The company’s educational library is well maintained and offers rich learning resources that includes webinars, articles, platform tutorial videos and a video course.