Since worldtradex is a regulated and fully compliant broker, new traders must pass account verification per AML/KYC stipulations. A copy of the ID and one proof of residency documents usually satisfies this final step. worldtradex has taken undeviating steps to segregate accounts and the offering of investor compensation schemes as measures to protect the client funds. The reliability of the firm and the reputation of the Forex market is much enhanced by these steps.
First Deposit Bonus
The company providing very good spread conditions with Commission $0. It is a regulated broker with a European license, which ensures safety for trading and protection for clients. It also provides negative balance protection in case of insolvency. worldtradex is registered in Vanuatu with registration number and regulated by the VFSC and CySEC.
The average spread for major currency pairs is below 0.5 pips or less than $5.00 per lot, offering traders a distinct pricing environment advantage. A responsive and knowledgeable customer support team is a hallmark of worldtradex. Traders can access assistance via live chat, email, or phone, ensuring prompt resolution of queries.
Quotes remain sourced from multiple liquidity providers and matched for the best possible execution. 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 ECN XL account. It’s important to note that while using the VPS service, the client is responsible for the security of their VPS account and the safety of the data on it. worldtradex, from online reviews and forums, is personified as a provider of high quality with a positive rating. Among its transparency, and customer service, which are generally reviewed not to be very high, how it executes its services was the only thing that was not questionable. Traders using the MetaTrader 4 Mobile App enjoy powerful functionality for trading Forex at anytime and anywhere on the planet.
worldtradex Minimum Deposits & Withdrawals
This step is counted as one of the very important factors for traders and thus their ratings go higher. worldtradex are never charged any commission or fee for trading from their traders. However if we see its service like compatative spread and $0 commission for https://worldtradex.club/ trading then we can forget fee. Information on the TopForx.com website is for informational purposes only and does not constitute any motive or suggestion for visitors to invest money.
The company helps traders to improve their skills, through which it attracts customers. This is because, both beginners and experts, find the website useful. As with any financial transactions, the security of the information being transmitted is of fundamental importance. The worldtradex MetaTrader 4 Broker software transmits information to and from the markets on 128-bit encrypted connections. In addition to this, worldtradex also offers the possibility to use the extended security algorithms of Public Key Cryptography. Information secured in this fashion is virtually impossible to hack in any short amount of time.
worldtradex offers demo accounts, apparently without any time limit, making them ideal for testing algorithmic trading solutions and new strategies. I want to caution beginner traders against using a demo account as an educational tool. It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value. MetaTrader 4 is a series of platforms designed by MetaQuotes Software Corporation. MetaQuotes Software Corp. is a software development company which began trading in 2000.
worldtradex holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC). It also operates an unregulated but duly registered subsidiary in Vanuatu, where most international clients trade. It maintains sufficient capital reserves, segregates client deposits from corporate funds, offers negative balance protection, and undergoes audits. Clients may also use their Facebook or Google accounts to open an account.
Here is a screenshot of the worldtradex quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. worldtradex provides a calendar that displays upcoming economic events and releases, along with their expected impact on the markets. I always like to check an economic calendar before take a decision on the trade. The broker teases customers with decent customer support that we get through live chat, email, and phone calls. The global trader can easily communicate and get qualified help from the broker due to multilingual support, which in turn helps to improve the ratings of worldtradex.
Account Types
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- You would expect one of the leading ECN-STP brokers to provide you with the latest, cutting edge, platforms on which to trade and at worldtradex we never disappoint.
- worldtradex offers beginner traders a sound educational offering from where traders can expand.
- Most traders are unlikely to require additional assistance unless of an emergency.
worldtradex can deposit and withdraw funds through bank transfers, debit/credit cards, and e-wallets. It is the security and speed of transaction processing that also contributes to high ratings of brokerage services. Experience the full power of MetaTrader 4 directly from your web browser with MT4 WebTrader.
Market orders, pending and stop orders, trailing stops – all are right there at your fingertips with MT4. worldtradex maintains a nice balance of traditional payment processors like bank wires or credit/debit cards, modern e-wallets like Skrill or UnionPay, and cryptocurrencies. The platform allows orders to be placed in a variety of ways, including trading directly from charts. Embedded tick charts are an extremely useful way to determine accurate entry and exit points. No, worldtradex is a legit broker with regulatory oversight from the VFSC and the CySEC.
How to Register worldtradex account
This platform offers the complete suite of MT4’s features without the need for any software installation, providing flexibility and convenience for traders on the move. MetaTrader 4 trading platform comes with its own built-in language for programming trading strategies. MQL4 allows you to create your own EA (Expert Advisor) and automate your trading based on your own programmed strategy. Using MQL4 you can build-up your own library of custom indicators, scripts and function database. worldtradex lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and Brent. Overall, the asset selection is both impressive and more than ample for new and intermediate traders.
In this comprehensive review, we’ll delve into the key features, trading conditions, and overall user experience that define worldtradex as a brokerage choice for traders seeking precision in the forex markets. You would expect one of the leading ECN-STP brokers to provide you with the latest, cutting edge, platforms on which to trade and at worldtradex we never disappoint. Our clients can access the FX markets on all the preferred devices; mobiles, tablets, laptops, PCs and through using remote servers. worldtradex offers various account types for both experienced and new traders.
This dedicated server can handle multiple platforms and accounts, run automated programs, and ensure smooth trading operations. worldtradex offers excellent customer support available 24/5 through email, Live Chat, and international phone calls. Support is provided in multiple languages, ensuring clients from around the world receive quality assistance. After reviewing worldtradex, we find that the company offers trading with the STP/ECN model and quotes directly https://worldtradex.world/ from liquidity providers. They have created different types of accounts with various features and minimum deposit requirements, making it easy for traders of all levels to get started. worldtradex operates in a regulated environment, which ensures a safe and supportive trading experience.