Daily and weekly forecasts in the Market Insights section preview the key economic data ahead and highlight the major market movers. The reports cover significant support and resistance levels and technical signals from indicators such as MACD and Parabolic SAR. The research section also includes specific trading ideas, target prices, and key price levels to watch. Worldtradex Rewards is automatically available to all clients and integrated into the trading platform. In my tests, I received speedy responses—the same day for email and a wait of just a few seconds for live chat. Despite the lack of phone Worldtradex reviews support, I rate Worldtradex as average in this category.
Worldtradex has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers. In addition, Worldtradex boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders. Worldtradex also provides services through Uni Fin Invest, which is based in Mauritius and operates under the regulations of the local financial authority. The dashboard includes a “Monitoring” area where users can view and share their performance, charts, profits, orders, and history with others. Both the user and any interested party can access this section to see the performance of accounts that have opted for public visibility. One question that arises during the review is what happens with the bonus (credit) if the account balance falls below zero.
What Demo Account Does Worldtradex Offer?
He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. All websites and web-based platforms are tested using the latest version of the Google Chrome browser.
Charting Tools
The virtual private server (VPS) is meticulously configured to support MetaTrader 4 (MT4), one of the most reputable trading platforms in the forex community. When depositing or withdrawing AED to or from accounts denominated in USD or EUR, Emirati https://worldtradex.world/ traders may incur currency conversion fees. The WorldtradexFX ecosystem includes the specialized CopyTrade app and mobile versions of MT4 and MT5. This app goes beyond traditional social trading by utilizing an AI-based recommendation system that matches traders with Masters based on their trading style and risk profile. It provides traders with a versatile experience tailored to their specific strategies, whether accessed via a desktop or a web-based interface.
Worldtradex customer support provides its clients with 24-hour live support available through live chat, email, and phone support in various languages. Both Live Chat and Email are available in various languages including Bengali, Chinese, English, Hindi, Indonesian, Malay, Portuguese, Spanish, and Thai languages. Worldtradex Cyprus entity together with its operations established under ESMA rules offers lower leverage levels as defined by the regulator. This means that European traders or those clients that are registered with Worldtradex European entity will fall under ESMA regulation Leverage. Furthermore, efficient trade management depends on MT4’s quick order execution, which is absolutely important for active traders.
Financial Instruments and Leverage offered by WorldtradexFX
Meeting certain trading volume requirements allows participants to win exciting rewards like exclusive trips, laptops, or smartphones through random selections. This initiative boosts trader motivation and offers tangible incentives along their journey toward prosperity. Yes, Worldtradex provides a copy trading feature that allows traders to replicate the trades of successful traders and diversify their trading portfolio.
Since 2016, the MetaTrader 5 platform has been available, coinciding with the launch of educational content. In 2017, Autochartist was introduced, along with cryptocurrency trading and the first proprietary apps with market information, which would later evolve into the Worldtradex app in the following year. In 2019, Worldtradex announced that its MT4 and MT5 accounts would not incur swaps or any type of commission. We take pride in being a reliable and trusted broker in the Indian forex markets. We’re truly grateful for your loyalty and thrilled to hear everything’s been smooth with your deposits, withdrawals, and trading experience.
How do I qualify for the WorldtradexFX VPS service?
Whether you’re a beginner or an experienced trader, WorldtradexVision helps you understand your trading patterns, highlighting areas for improvement and maximizing the potential for better, more consistent results. Yes, the bonus is withdrawable once you meet the required trading volume. After completing the necessary trades, the bonus will be added to your balance and can be withdrawn.
- Whether you’re experienced in the industry or just starting, Worldtradex offers the tools and support needed to succeed and earn consistent commissions.
- However, with deposits using bank cards, your card issuer may charge some fee for processing the transactions.
- These substantial operational metrics match the broker’s strong positioning in search visibility.
- 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.
Worldtradex Review
Any remaining balance will typically be returned to you using the available withdrawal methods. Yes, you can have both types of accounts open simultaneously with WorldtradexFX. Remember, your earnings from the WorldtradexFX Affiliate Program are commission-based and directly proportional to the trading volume of those who join WorldtradexFX through your referral link.
However, this stricter regulation limits clients’ access to higher leverage levels. However, it does not provide Percentage Allocation Management Module (PAMM) accounts or Multi-Account Manager (MAM) services. Worldtradex offers negative balance protection, which means that if a market slippage results in a negative balance, Worldtradex will adjust the balance to zero.
- Traders earn prize lots from closed trades and can redeem them for stylish gifts like power banks, smartwatches, smartphones, and even MacBooks, with free delivery.
- The platform also has 38+ indicators featuring Ichimoku and RSI, while increasing the number of timeframes to 21 for better customisation.
- The company operates on the ECN/STP model and executes orders at market price in less than 0.1 seconds.
Approval of the funds can take from 1-3 hours depending on when you make a request. I thought the research provided by Worldtradex was decent as they offered chart and candlestick patterns like doji candlesticks and wedges, or highlighting support and resistance levels to trade. The analysis was well presented on the charts and the commentary was easy to understand and follow, even if you’re new. There are 12 extensive educational articles covering the forex basics but what stood out for me was the free forex trading course. In this course, I had access to 11 video lessons that lasted roughly 5-10 minutes but went into detail about how to trade forex. This is an impressive feature if you’re new to trading due to the constant flow of trading ideas with detailed market commentary that will help you learn in real time.
I liked the daily webinars with professional traders that let you learn while trading in a live environment to experience how traders analyse the markets in real time. Available trading platforms include MetaTrader 4 (Web, App, and Desktop), MetaTrader 5 (Web, App, and Desktop), and the proprietary web-based WorldtradexTrader, along with the Worldtradex Copytrading app. The floating spreads for currency pairs involving the yen ranged from 1.9 to 2.6 pips, while major pairs (excluding EUR/USD) average around 1.5 pips.
Worldtradex may be best suited if you are new to trading and live in a region where you require support in non-English languages, such as Southeast Asia. This is a distinct characteristic that avoids surprises, which are mostly negative for traders, especially on certain days when swaps can be doubled. Worldtradex offers trading accounts denominated exclusively in US Dollars (USD). In 2012, it started organizing courses, and in 2013, it introduced its first bonuses. As part of its expansion, Worldtradex launched a program for Introducing Brokers in 2014 and introduced the cTrader platform (currently unavailable).
Amongst the new features and platform improvements, you can still automate your trades with MetaTrader 5 and Expert Advisors. If you are interested in automating share CFDs, MT5 is the only platform on Worldtradex to provide this. 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. I like that it updates in real-time and displays on your charts which I found useful to avoid opening trades during high-impact announcements like US GDP or Non-farm Payrolls. If you want to see how Worldtradex’s spreads compete with other Malaysian brokers, I created a simple trading cost tool that you can use.
