The video course provides a sound introduction to forex and forex trading, helping beginner traders to grasp things quickly. While the free webinars allows clients to learn from veteran traders one-on-one, at a scheduled time. For articles, a handful exists bordering a wide range of topics ranging from risk management procedures and trading techniques. However, on a review that an account has been inactive for long it gets deactivated. Various account types on the 3 platforms have different deactivation dates as stated below. According to the worldtradexFx website, the broker does not charge any fee on deposits and withdrawal.
More than 2,840,000 of the essential bonus fund was valued in that field. It helps maintain a highly competitive cost structure in emerging markets. Autochartist Pro also supports traders in a wide range of ailments through manual support. Traders come to the worldtradexFX offer for the experience of trading with worldtradextrader, MetaTrader 4, and MetaTrader 5. worldtradexFX offers a wide range of payment methods for deposits and withdrawals.
Account Application
However, Lithuania, Luxembourg, Oman, Poland, Portugal, Russia, Saudi Arabia, Slovakia, Slovenia, South Africa, Sweden, Spain are still trading here. worldtradexFX allows direct deposit transactions to Switzerland, Thailand, the United Arab Emirates, the United Kingdom, and Qatar. With worldtradexFX, you always have control over your portfolio and the copied trades.
worldtradexFX’s cTrader platform is great – customizable layouts, technical analysis tools, and automated trading options. FXTM’s MT4 platform is also good, but Exness’s platform felt a bit overwhelming for my taste as a beginner. Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms.
To withdraw the bonus, the client must trade a number of lots equal to half of the bonus amount. For example, if the bonus totals USD 400, the client must trade 200 lots to be able to withdraw it. The threshold to access the bonus is high and requires a substantial trading volume. The worldtradex dashboard clearly displays the progress of these lots and the application of the bonus in a detailed manner.
Charting Tools
However, most bonuses have conditions that must be met before they can be withdrawn. Frustratingly though for a large broker, the point of contention, even after so many years, is regulation. It has to be said however, if worldtradexFX does manage to secure a CySEC license in the near future, combined with the strength of some other areas, they will become an even more major presence in the sector. With all those global customers, you might think worldtradexFX is headquartered in a major financial capital like London, New York or Tokyo.
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- The platform supports trading forex pairs, commodities, indices, cryptocurrencies but not stocks.
- They can then trade as usual and earn additional income whenever others choose to copy them.
- With so many options and reviews that seem too good to be true, how do you know who to trust with your hard-earned money?
- MetaTrader5 offers some extra tools for those traders looking to carry out analysis on a more granular scale.
Filippo Ucchino started his trading career in Forex trading in 2005. He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family. In addition to the markets offered, as an worldtradexFX trader, it is likely that you may come across some of these extra products that the broker makes available depending on your location. worldtradexFX mobile trading is also well catered for through their own mobile trading platform aside from the huge industry giants already mentioned. The worldtradexFX Masters fee is applied if you are copy trading with the broker.
You simply start following some pro trader you’ve picked, and worldtradex CopyTrading app automatically copies their trades. worldtradex has recently announced about it going swap-free in all the regions it operates. Now, leaving their orders open overnight, traders won’t be obliged to pay overnight fees. Due to this traders will no longer hesitate to use mid-term and long-term stategies. This means, worldtradex clients are free to hold as many orders as they wish for as long as they want. Those who follow Islamic financial principles or traders who want to minimize overnight financing expenses will especially benefit from this function.
Traders use several tools to gather information on what kind of analysis traders are using in this trade market. See below to know about the various available platforms of worldtradexFX. A great user experience is crucial for every trading platform to build and maintain their customer’s trust. From our experience, the broker is doing a pretty bad-ass job at it. If you take a deeper look at the reviews, you will often find in-depth replies to the comments, not just templates. This is just a small example of how worldtradexFX is genuinely caring about the experience you as a trader have, and it reflects our personal experience with the worldtradexFX support staff very well.
Brokers By Licenses
Every worldtradex client can participate in the Champion Demo Contest by trading in a demo account. The top 5 users with the highest balance by the end of the contest round can win prizes ranging from $500 to $40. To participate, log in or sign up, open a new Champion contest account, download the MT4 platform or use the browser version, trade starting from 8 May, and aim for the highest balance to win a prize.
Again, in addition to copy trading, it offers a wide range of educational materials inclusive of videos and articles which are meant to help beginners find their feat. The minimum spread users can expect to pay on any trading instrument at any given time is 0.6 pips. The broker claims to process withdrawals by cryptocurrency immediately but withdrawals with bank payment could take 1-3 hours depending on the processing bank. The broker also asserts its technical environment is constantly monitored and protected by dedicated teams of technical specialists and security. It has management systems that ensure that clients do not lose more than initially invested. If account balances become negative due to Stop-Out, worldtradexFx compensates the account by adjusting the account balance to zero, ensuring the risk is limited to only deposited funds.
Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies. Worldtradex review “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning. The training programs are designed based on tools for traders of all levels, from “beginner to advanced.”
Popular Forex Guides
- This is a useful feature if you’re new to trading as you’ll know your monetary risk instead of guessing with a pip conversion which could lead to mistakes and over-risking your trades.
- Coming to leveraged overnight holdings, the broker charges no swaps.
- Its trading instruments are inclusive of forex, commodities, indices, cryptocurrencies and stocks.
- worldtradexFX has long been involved in investing and it is directly regulated by the government.
- The promo codes, according to their customer support, is a unique offer for some new clients.
- Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters.
worldtradex covers withdrawal fees, and you can expect to receive your money relatively quickly. While worldtradex usually confirms withdrawals within 1-2 business days, remember to allow extra time for your bank to process the transaction. Their website says they have more than 21 million trading accounts in 180 countries. They offer 230 CFDs on different things like forex, commodities, indices, and cryptocurrencies. You can use MetaTrader 4, MetaTrader 5, or their own worldtradexTrader to trade.
However, not all platforms have the same instruments available for trading. However, the range of available methods for the region where the review was conducted from is not very broad, as transfers and credit cards (debit) are not available. Still, the experience with cryptocurrencies was quick, successful, and efficient. In our review, the entire withdrawal process took less than 35 minutes. We accessed the withdrawal section in the dashboard, where we entered the amount and selected the method, in this case, Tether (TRC20).
