worldtradex Trading Platform Reviews, FAQs, Pros and Cons

Access the MQL4 community, use various indicators and tools, and customize your trading environment. Inactivity for more than 30 days will result in the expiration of your demo account, which cannot be reactivated. Broker worldtradex ensure that retail client funds are always kept separate from the firm’s capital and held in segregated accounts at leading banks. This means that client money is never used to meet company expenses. Yes, worldtradex is generally considered a legitimate and reputable forex broker. There is no credible evidence to support the claim that worldtradex is a scam.

It offers competitive spreads on its commission-based account, Raw ECN, averaging 0.1 pips for the EUR/USD, well below the industry average of 1.08. There is a flat rate fee of $6 per round-turn on a standard lot of forex with this option, however. The Standard account has a pricier average spread of 1.1 for the EUR/USD pair. Demo accounts provide access to live market prices, enabling traders to gain real-time insights into market movements. Additionally, it offers the opportunity to experiment with automatic trading strategies using Expert Advisors, further enhancing the learning and testing experience. worldtradex has an advanced platform lineup that caters especially to experienced traders, including MetaTrader 4, MetaTrader 5, TradingView, and cTrader.

Is negative balance protection included with worldtradex accounts?

• The $4.00 per trade difference adds up over time and trading volume, allowing traders to save hundreds and even thousands in fees per month.
• The company has well-developed technical indicators that you will find helpful in trading.
• Before trading real money, we highly recommend getting a Demo Account first for unintentional trades.
• worldtradex delivers a very competitive commission-based alternative with raw spreads of 0.0 pips for a commission of $6.00 per round lot.
• Their phone number and official social media links are mentioned below here in this review.
• Other costs traders must consider are swap rates on leveraged overnight positions.

It has live dynamic pricing and access to real-time financial news, and you can track portfolios and holdings. It has a host of technical indicators, multiple timeframes, display currency market depth, and multiple pending order types, including Buy Stop Limit and Sell Stop Limit. Plus, it has a multi-chart display, multiple inbuilt indicators, and graphical objects. worldtradex Mobile App has a user-friendly interface that features trade levels with volumes on a chart and real-time quotes 24/5. You can customize your forex trading layouts, and it highlights one-click trading in the palm of your hand.

• The traders can also choose cryptocurrencies like Bitcoin, Ethereum, Ripple, and Litecoin.
• The task becomes even more daunting when considering the vast number of online brokers like worldtradex available, each with unique features, fees, and regulations.
• Opinions, market data, and recommendations are subject to change at any time.
• Customers can reach out via live chat, which is available 24/7 Monday to Friday.

Explore the worldtradex platform and train yourself to think systematically and logically about the markets. worldtradex developers can use cTrader’s mature infrastructure to construct desktop, mobile and online software. The open API allows worldtradex trading developers to interact and interface with any worldtradex cTrader account. Download the Metaquotes MetaTrader 4 Program free of charge from Apple’s App Store. worldtradex customers have instant access to the financial market and can completely manage a Portfolio on the go.

Spread is the difference between the bid and the ask price of an asset – making it one of the costs of trading. Spread depends on the liquidity and the broker the trader chooses. worldtradex is one of the brokers with competitive and tight spreads.

Overnight Funding Fee

Many users praise worldtradex for its high quality customer support. You can contact a support agent 24/5 via live chat, telephone, or email, and support is available in several languages. Of course, you may experience slight delays during peak times, but this isn’t a regular issue. worldtradex Worldtradex website offers a Raw ECN account with spreads from 0.0 pips and a $3.00 commission per lot round turn. The withdrawal process remains swift and hassle-free, earning worldtradex a top rating in this category. The back office makes it easy to request a withdrawal, which takes a few seconds.

Raw Account

To elevate the trading experience, worldtradex provides its traders with the iressTrader Platform (IRESS). It is a new and improved active comprehensive trader platform with advanced functions. It features automatic data sync between Iress Trader and Iress ViewPoint and is compatible with the latest browser versions. It has module linking, an intuitive interface, improved browser alerts, and can manage multiple portfolios.

Withdrawal fees are transparent, ensuring traders know what to expect. Here you can find what Forex Peace Army users think about worldtradex. We used the chat service multiple times and consistently received responses within 10 to 30 seconds. The support team was knowledgeable, promptly addressed our questions, and provided links to relevant resources when needed. We also used the email facility and received a prompt response within 15 minutes answering all of our questions thoroughly. This comprehensive offering makes worldtradex a versatile platform for both individual and wholesale traders.

After logging into your worldtradex account, you’ll find a range of trading platform options available below. worldtradex may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing worldtradex terms and conditions to understand the commission fees and any other charges that may apply is essential. worldtradex requires a minimum deposit of 100 GBP/USD/EUR when opening an worldtradex trading account. Trading online with worldtradex requires an understanding of what you are doing.

This regulator is the Australian Securities and Investment Commission (ASIC), but they also have licenses from European and African regulators. However, many users feel that the web platform is a little outdated compared to MetaTrader and could use an upgrade. According to five leading user-review and broker ranking sites, worldtradex ranks exceptionally well. Traders should always exercise caution when reading user reviews, especially for overly positive or negative remarks. Our in-house research confirms an excellent worldtradex User Experience.

Is worldtradex suitable for automated trading?

I tested the spreads at worldtradex during the London open and just after the New York open on 27 January 2025. At these times, the market is typically highly liquid with the tightest spreads. worldtradex offers a steady flow of news and analysis via the Traders Hub section of the website. Breaking news from Dow Jones and Reuters is also available via the TradingView platform. In this segment, we will take a closer look at potential alternative brokers before we conclude the article. Each broker has its strength and weakness, but it is crucial for you to find a provider which fits your needs and you feel comfortable with.

New versions provide improved functionality and increased stability.worldtradex MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode. Access your worldtradex MetaTrader 5 accounts from any web browser. MT5 on worldtradex provides the convenience of using automated trading systems and copy trading, giving worldtradex traders competitive research tools in the financial markets. You should take the security of your personal information seriously and check SSL encryption is enabled on the worldtradex trading platform to protect you on PC and mobile worldtradex platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using worldtradex web trading platforms. It’s essential to note that the trading instruments offered under the worldtradex brand may vary depending on the customer account holder and country of residence due to regulatory restrictions.

Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. When using worldtradex, the minimum trade size is typically 0.01 Lot units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. By offering ECN execution, worldtradex provides traders with tighter spreads and increased transparency regarding trade pricing.

Is the worldtradex Trading Platform Secure?

Money managers easily calculate the performance fees for all of their clients. The eBooks, guides, and glossary are also provided by the academy to ensure the best learning environment for traders. The eBooks review all the common mistakes made by traders and list ways to avoid them. Although they do not have their very own proprietary desktop trading platform, the WebTrader, cTrader, MT4 and MT5 platforms are offered to clients to achieve the same purpose.