Participating in financial markets involves high risk, which can result in the loss of part or all of your investment. We believe in a partnership, that’s why we welcome all feedback, to understand our users’ needs and provide them with the best Forex trading experience. Should you need it though, the customer service team is available through live chat, phone, and email to deal efficiently with any problems that may arise. WorldtradexFX provides well in terms of language choice to traders, though there is a clear focus on the Asian market when it comes to available languages.

For every standard lot traded, you earn prize lots, which can be redeemed for items like T-shirts, gadgets, or even a MacBook. Higher account statuses (Silver, Gold, Platinum) help you earn prize lots faster. To keep your prize lots active, you must trade at least once every 30 days.

Minimum deposits at Worldtradex will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR). It’s important to note that minimum deposits and trading costs will also depend on which Worldtradex entity you choose for establishing your trading account. WorldtradexFX’s scammed by Worldtradex award winning customer support team is available 24 hours a day from Monday to Friday.

Great broker

Instead of commissions, the broker makes money through spreads, which are generally competitive. There are no deposit or withdrawal fees charged by WorldtradexFX, although you should check with your payment provider for any additional fees. You may also open a demo account to test the different trading platforms and conditions before opening a real account, should you wish. I think this can be a good way to practice your trading strategies and build your confidence without any risk. You can always switch over to a live account when you feel ready to do so.

• Finally, WorldtradexFX cannot accept clients from certain regions including the U.S..
• There is also a Trader’s Glossary with precise definitions of common forex terms to help clients become familiar with different trading terminologies.
• For traders who want to practice before committing real money, WorldtradexFX offers a free demo account.
• The floating spreads can start from 0 pips depending on your account type.
• Filippo Ucchino is the founder and CEO of the brand InvestinGoal and the owning company 2FC Financial Srl.

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• The deposit options with Worldtradex are decent, giving you multiple ways to fund your account with no deposit fees.
• The Copy Trader account area requires separate funding and comes with its own dedicated app.
• We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.
• The minimum order size you can expect when trading with WorldtradexFX is 1 micro lot.

With trading costs being a significant determinant of success or failure, the broker is right to emphasise what a help this could be. The Copy Trader account area requires separate funding and comes with its own dedicated app. The app has been downloaded more than 5 million times, with a 4.5 star rating out of 5, which is impressive indeed. When opening my account I was given the option of only using USD as the account base currency.

Spreads can be as tight as 0.0 pips and those who go with the ECN/STP processing option will be provided with exceptional flow quality and reduced slippage. It offers the pricing and execution experience of a no-frills broker but complements this with a range of additional services such as top-quality learning resources and copy trading options. Worldtradex offers a demo account for all of its platforms such as WorldtradexTrader, MetaTrader 4, and MetaTrader 5. The demo account is unlimited in funds as you can top it up should you need more virtual currency, and has no expiration date. For experienced traders, or beginners looking to develop further, Worldtradex also provides resources to learn 12 trading strategies including chart patterns like wedges and candlesticks like the hammer.

Is a demo account available at WorldtradexFX?

WorldtradexFX spreads are higher on the MT4 account with only 37 tradable instruments on offer. A typical spread for the EUR/USD currency pair is stated as 1.1 pips, while the MT5 Pro account provides the complete range of tradable products, with slightly lower spreads of 0.9 pips. Overall, WorldtradexFX has low spreads when compared with similar brokers. Most major forex pairs have spreads close to zero, particularly on the ECN account. The account opening process of the broker is straightforward and can be continued if accidentally stopped. Clients are, however, not allowed to withdraw from their accounts unless the account is verified.

Social and Copy Trading Apps

You https://worldtradex.site/ can access the broker’s copy trading service by downloading the copytrading app. The broker’s login process begins with a visit to the official site, Worldtradexfx.com, on desktop or a click of their app on mobile. To login in, your email, password and captcha verification is needed.

These are Gold, Silver, WTI, Natural Gas and Brent Crude oil, with the oil commodities only being available to trade through MT5. Even though the spreads can also be very low on MT4, and MT5 accounts, as low as 0.2 pips. There may also be a fixed exchange rate in place to benefit you as a trader depending on location.

This is rather a limited selection compared with other top brokers. You can look forward to trading with the MT5 trading platform on this account where the spreads start at great value from 0.2 pips. One of the best choices for your first steps as a forex trader with WorldtradexFX is an MT4 Micro Account.

Deposit and Withdrawal Options

Customer support is provided via online chat, telephone and email in English, Indonesian, Malay, Thai, Hindi, Urdu. They claim that a small percentage of clients actually contact customer support as their services are usually smooth and reliable enough. However, should you need them, they are there to answer your general and technical questions in a prompt and efficient manner. I have always found them to be reasonably quick to respond but think they could improve by extending hours to 24/7 support. Here you will find daily trading ideas based on complex technical and fundamental analysis across a range of different trading instruments.

Worldtradex has made great strides with innovation in its web platform, and new educational content, but offers a limited range of tradeable instruments compared to the best multi-asset brokers. 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. One of WorldtradexFX’s standout features is the availability of MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, three of the most widely used platforms in the forex industry. These platforms offer advanced charting tools, technical indicators, and support for automated trading strategies using Expert Advisors (EAs). The copytrading app lets you conveniently copy signals from hundreds of other traders. The app interface is very user friendly making it easy to find signal providers to follow based on your customised filters.

About Worldtradex Trading Platform

Even if a position ‘gaps’ in extreme market conditions, then the client will lose the funds in their account by no more than that. A lot of brokers consider them mutually exclusive, so only offer one, if any at all. This section includes details of the basic operations of the financial markets. There is an economic calendar, daily analysis posts, as well as trading signals and market insights. The videos are supported on YouTube, and much of the content is archived. Its WorldtradexFX.eu arm is regulated by CySec (Cyprus Securities and Exchange Commission) and has offices worldwide.