I felt that when I was passed to human agents on live chat it was hit and miss as basic questions were not answered, while other times they were. Withdrawing from my account was also fast, according to my account manager each withdrawal takes roughly 2 hours to get approved. Once approved you can expect the funds to be in your bank account/wallet within 30 minutes which is extremely good service in my opinion. Crypto is the slowest to deposit with 3-30 minutes which is still extremely fast in my books as some brokers can take 24 hours to credit your account. These are two offshore regulators that allow worldtradex to provide secure financial services in 180 countries. It is regulated by the FSC in Mauritius, the Mwali International Services Authority (MISA), and CySEC for European traders.
Users can access these platforms via desktop applications, mobile apps, or web-based terminals. Choosing the right platform depends on personal preference, trading style, and device compatibility. Before depositing, it is wise to consider your trading plan, risk tolerance, and capital allocation strategy. It is also advisable to start with a smaller amount until familiarity with the platform is established. The live chat is 24/7 which is great to see, but the experience I’d say is a mixed bag.
- Another decent addition I found on MT5 is the native economic calendar which shows the times of upcoming economic announcements that can impact your trades.
- TradingFinder.com assumes no responsibility for any potential losses or damages.
- It is essential to understand the mechanisms of forex trading, the functionalities of worldtradexFX, and the strategies required for consistent performance.
- He has a Masters and Commerce degree and has an active role in the fintech community.
Account Comparison
worldtradex offers the basic options when it comes to funding your account through traditional methods and some crypto options. You can open a demo account with unlimited funds and no expiration giving you ample time to test each platform to see which suits you best. The demo account provides real-time price feeds like a live account but gives you virtual funds to trade in a risk-free environment. As an ECN (Electronic Communications Network) broker, worldtradex delivers tight spreads and fast execution speed by matching your order with the best offer from another trader on the network. 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. 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.
Trading robots support
worldtradex reported serving over 12 million trading accounts across more than 150 countries, with particularly strong penetration in Asia, Africa, and Latin America. worldtradex processes more than $9 billion in monthly trading volume and has executed over 920 million trades since its inception, according to company data. These substantial operational metrics match the broker’s strong positioning in search visibility. The copy trading platform is also a bonus, which is the perfect opportunity to mirror the trades of 1,500 traders and leverage their experience to profit from leveraged markets. One of the key highlights for MetaTrader 4 I like is the option to automate your trades using Expert Advisors (EAs) which is allowed on your worldtradex account. You can develop EAs to 100% automate your strategy from analysis to execution, or set up risk management EAs to manage your risk on open positions automatically.
Swap-Free Account Fees
You can request a human agent who was surprisingly not as helpful as the AI with canned answers and no depth of product knowledge. https://worldtradex.club/ This was frustrating when asking questions about their services and trading accounts as I felt they didn’t answer the question. worldtradex has a decent selection of 34 cryptocurrencies covering Bitcoin, Ethereum, Ripple, and Litecoin which is a healthy selection of highly liquid crypto markets. If you prefer to trade less liquid and higher risk assets you also have access to altcoins like Dogecoin to speculate on. The broker offers excellent deposit and withdrawal speeds that are fulfilled within the same business day during the week. This allows you to start trading faster with instant deposits and receive your funds faster through the same-day withdrawals.
- This was frustrating when asking questions about their services and trading accounts as I felt they didn’t answer the question.
- worldtradexFX provides a demo account that mirrors live market conditions without the risk of losing real money.
- worldtradexFX supports credit/debit cards, bank transfers, e-wallets (Skrill, Neteller), and cryptocurrencies like Bitcoin, Ethereum, and Tether.
The registration process is straightforward and typically involves filling out a form with personal information such as name, email address, and phone number. After registration, traders must verify their identity by submitting identification documents. If you are interested in trading forex, you can take a look at our best forex brokers for some options. It automatically closes when the price reaches a certain non-favourable level you can set in advance. You can use the calculator to manually choose the Stop Loss level for your order. My experience with worldtradex has been largely positive thanks to its excellent ECN trading conditions giving me low spreads that averaged 0.80 pips on EUR/USD with no commissions.
Feedback and rankings from authoritative sites like „Trustpilot“ on the TradingFinder website assist all traders. This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices. Participating in financial markets involves high risk, which can result in the loss of part or all of your investment. worldtradexFX offers 277 assets, including 50+ forex pairs, 150+ stock CFDs, 34 cryptocurrencies, commodities (gold, oil), and indices. worldtradexFX offers access to 277 tradable instruments across five asset classes, from the Forex market to digital assets.
Standard lots are 100,000 units, mini lots are 10,000 units, and micro lots are 1,000 units. Beginners are often encouraged to start with micro or mini lots to minimize risk.
Depositing Funds Into Your Trading Account
Calculate potential profits and losses of your orders and trade financial markets more confidently. worldtradexFX provides a demo account that mirrors live market conditions without the risk of losing real money. A demo account allows users to practice executing trades, test strategies, and become familiar with the platform’s functionalities. It’s good to see worldtradex offer MetaTrader 4 as it is one of the most recognised trading platforms for retail forex traders in Malaysia thanks to its advanced charting tools.
One-touch trading
You can use the calculator to choose the Stop Loss and Take Profit levels for your order. Input the details of your order, determine the open price and start calculating various outcomes by changing the close price level. worldtradex provides a fast service for its withdrawals by sending your funds within 30 minutes after being approved. Approval of the funds can take from 1-3 hours depending on when you make a request. My experience with worldtradex’s customer service was largely positive thanks to its 24/7 customer support and impressive AI live chat service.
Open an MT5 account to trade on 230 instruments enjoying the platform’s advanced tools and worldtradex’s excellent trading conditions. We’re helping traders build stronger futures by offering a wide variety of educational articles and videos, insights from which can be applied to our unlimited demo accounts. By participating in monthly Champion MT4 Demo Contests, you can win up to $1,000 without making a single deposit. The deposit options with worldtradex are decent, giving you multiple ways to fund your account with no deposit fees.
It is essential to understand the mechanisms of forex trading, the functionalities of worldtradexFX, and the strategies required for consistent performance. Trading forex on worldtradexFX is a structured process that involves proper setup, market understanding, strategy execution, and consistent risk management. The platform offers an accessible gateway to the forex market with its versatile tools, reliable execution, and educational support. By following a disciplined approach and continuously refining strategies, traders can navigate the forex market effectively and work towards long-term trading success. Once Worldtradex review the verification is completed, users can choose the type of trading account they wish to operate. worldtradexFX typically offers various account types, such as Micro, Pro, and ECN accounts.