Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. worldtradex also pays a bonus for traders who switch from another broker and if they want to transfer open positions. The proprietary copy trading service, which requires a minimum deposit of $100, presents a quality alternative to the embedded MT4/MT5 copy trading services.
Top 5 Successful Copy Trading Strategies for December
- worldtradex also has a VIP program, upgrading the worldtradex trading experience significantly via up to 30% reduction in trading fees and increased cashback.
- worldtradex also does not charge any commission for deposits and withdrawals, an added advantage.
- To access the worldtradex personal account, use the main page of the site worldtradex.org or the direct address to the personal account (my.worldtradex.trade).
- worldtradex explains its services well, and I recommend the FAQ section before contacting support.
- Funds are credited instantly, except for bank transfers, which take up to 5 working days.
- Up-to-date analytics, valuable services, and rapid fund withdrawal support a stable technical platform.
- To delete your worldtradex account, you need to contact their customer support and follow the necessary procedures they provide.
If you are not interested in trading on your own, consider worldtradex’ copy trading platform, which allows for passive income by copying the trades of other traders in real-time. You need to undergo identity verification for full-fledged work with a live account. This requirement of financial regulators applies to all legal brokers, including worldtradex. Investors who prefer not to engage in independent trading can achieve good profits by copying the trades of successful traders. Portfolio creation is time-efficient and provides an opportunity for passive income. worldtradex is a full-service broker in the Forex market, offering a comprehensive range of services.
MT4, MT5 Trading Platforms
worldtradex makes money through spreads, commissions on trades, and overnight swap fees. This is particularly relevant for beginners just starting their trading careers and looking for comprehensive educational content. worldtradex also does not charge any commission for deposits and withdrawals, an added advantage. Moreover, the company covers any deposit fees charged by the payment system. When using an ECN account, a commission of $2.50 is charged for each transaction per 1 lot, which can be https://worldtradex.world/ considered below average.
Analytical Services
worldtradex offers various types of accounts that can meet the needs of different categories of traders. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. It allows scalping strategies and offers fast execution and low spreads.
- Strategies are set up in the broker’s Client Area, and copying occurs automatically.
- worldtradex is a member of The Financial Commission, an independent external dispute resolution (EDR) organization.
- worldtradex presents a secure and trustworthy trading environment, and I appreciate its transparency and client protection.
- I like the worldtradex trading fees in the ECN account and multi-tier leverage system.
- DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
- I highly recommend it to all traders, particularly algorithmic and high-volume traders.
- It lacks coverage of core topics and provides readers with reasons to trade Forex rather than educating beginners on how to get started.
worldtradex also has a VIP program, upgrading the worldtradex trading experience significantly via up to 30% reduction in trading fees and increased cashback. worldtradex offers clients the MetaTrader 4 and MetaTrader 5 trading platforms, which are considered the gold standard in the Forex industry. They provide flexibility and extensive functionality for both manual and automated trading. The availability of a web version and mobile device applications offers the convenience of trading anytime and anywhere.
Choose your type of account
Deposit and withdrawal currencies are US Dollars and Euros, plus all supported cryptocurrencies. Per AML rules, the name on the payment processor and worldtradex account must match. worldtradex does not list bank wires as a deposit or withdrawal method, which surprised me, but I like the available selection of payment processors.
To withdraw money from worldtradex, log in to your account, go to the withdrawal section, select your preferred withdrawal method, and follow the instructions. The company’s office is in the Cook Islands, where phone support is provided during working hours. worldtradex offers limited educational materials, which include a Blog and an FAQ (Frequently Asked Questions) section. Spreads vary depending on the account type and the chosen instrument.
Special accounts allow you to copy trades without installing programs on your computer. Strategies are set up in the broker’s Client Area, and copying occurs automatically. This is the main difference from copy trading in MetaTrader, which requires a constant PC connection to the internet. The funds will be transferred to the live account if all conditions are met.
worldtradex also has the MT4 MultiTerminal for asset managers and traders with multiple accounts. worldtradex offers 43 currency pairs, a choice suitable for most traders. Traders also get 18 commodities, 16 indices, 27 cryptocurrencies, 2 bonds, and 437 equity and ETF CFDs. I like the overall range of assets, as it provides most traders withall they need to achieve cross-asset diversification.
It should be noted that thanks to the high order execution speed (from 0.03 seconds), worldtradex is considered one of the best brokers for algorithmic trading. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-based ECN account. Swap rates on leveraged overnight positions are also competitive, making worldtradex an excellent choice for all trading strategies as long as they select the ECN option. This feature was designed specifically for traders who use several accounts, and for Investment managers who manage multiple Investment accounts. Yes, worldtradex provides VPS (Virtual Private Server) services to ensure stable and uninterrupted trading. User reviews of the worldtradex mobile application are pretty positive.
The more you trade, the more funds are returned to your account. Reviewing as many trading strategies as possible and choosing several for investing is advisable. Experienced investors recommend dividing the deposit into at least five parts to protect against potential drawdowns. To access the worldtradex personal account, use the main page of the site worldtradex.org or the direct address to the personal account (my.worldtradex.trade).