The copy trading tool is excellent for beginners looking to learn from seasoned traders while experienced investors can generate an additional revenue stream. The program comes with several executable files including terminal.exe, MetaEditor.exe, MT4.EXE, multiterminal.exe, and terminal64.exe. With one-click trading functionalities, this software enhances user experience by offering the ease to set trading alerts and trading signals.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team. Once you have the trading account’s id and password, you can download or open the MT 4 platforms (any of them) and log in and use them.
Trading Platform
Several account types allow retail clients to bypass worldtradex’s dealing desk, which carries a systematic conflict of interest, and trade directly with the interbank system. Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers. worldtradex offers eight distinct account types to cater to various trading styles and preferences, with most requiring a minimum deposit of $0, making them highly accessible. Traders can choose between Live and STP/ECN accounts, both providing access to the industry-leading MetaTrader 4 (MT4) platform. Additionally, multiple trading accounts can be registered through the worldtradex Client Portal, allowing for greater flexibility when managing different strategies or products.
The broker provides regular market breakdowns, featured trading ideas, a comprehensive market sentiment tool, and more. worldtradex processes payments in multiple currencies via bank wire, credit and debit cards, and e-wallets. I asked a series of questions with varying degrees of difficulty and determined that the agent’s answers were swift and comprehensive.
How do I open an account with worldtradex?
Bespoke technologies empower our clients to trade with precision, without slippage and re-quotes. I tested the desktop version of the MetaTrader 4 platform, which features multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool. These allow traders to examine market developments from different angles and exploit the underlying trading opportunities in multiple ways.
worldtradex frequently offers deposit bonuses to reward clients for funding their trading accounts. These deposit bonuses can range from 20% to 100% or more, depending on the promotional campaign. The additional bonus funds can be used to trade forex, commodities, indices, and other instruments, giving traders more flexibility and leverage in the markets. Terms and conditions apply, and traders should review the bonus rules to understand any withdrawal requirements. worldtradex has a strong presence in various Asian countries, including Malaysia, Thailand, Vietnam, Indonesia, Singapore, and the Philippines.
- There are innumerable charts and indicators with advanced tools and techniques for analysis.
- Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go.
- All BrokerNotes content is researched, fact-checked, and edited by the research team.
- worldtradex can now provide you with the ability to run MT4 directly on your Mac without the need for extra add-ons.
Live Floating/Live Fixed Spreads
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the Worldtradex scam best forex brokers.
Where is worldtradex based?
They are ideal for algorithmic testing, allowing traders to evaluate strategy performance in a real-world trading environment while minimizing potential losses. worldtradex’s TradeCopier connects signal providers and signal followers and is available from the client portal. I found the leaderboard to be highly informative and easy to navigate.
My live tests demonstrated that worldtradex charges above-average spreads on forex. I discovered that its EURUSD spread on the No Commission account exceeds the industry average considerably. worldtradex operates through five entities, three of which are regulated by top-tier financial authorities, while the other two are offshore and unregulated. The broker ensures client safety by maintaining segregated accounts for client funds and offering negative balance protection. worldtradex is an ideal choice for news traders because of its comprehensive market research offering. It consists of actionable trading signals, a robust market sentiment gauge, detailed market breakdowns, and more.
The « Live Economic News » showed up to date reports, but « Live Currency Quotes » produced a dead link. The « Intraday Comment » section had a single 18-month old entry about the Eurozone. While it provides essential functionalities for trading on the go, it does not excel in this area compared to its competitors. Then there is a Web-based trading platform of MT 4 and also mobile trading applications for iOS and Android. Tempting trading conditionsHowever, my attention to worldtradex was captivated by its outstanding reputation with traders. I also love how cost-effective this platform is, the broker has beginners in mind.
worldtradex Trading Platform – Conclusion
However, the broker could enhance its offering by introducing an alternative to the MetaTrader 4 platform. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.35% of retail investor accounts lose money when trading CFDs with this provider.
- worldtradex provides access to the widely popular MetaTrader 4 platform and offers free Virtual Private Server (VPS) hosting for low-latency trading.
- Benefit from the great range of features including advanced charting and one-click execution.
- So now your withdrawal will be denied as your trading.This just goes on and on.
- It is geared towards beginners and intermediates, promising easy-to-use features and straightforward portfolio management.
worldtradex offers a wide range of retail and professional accounts with different pricing mechanisms and no minimum deposit requirements. The chart screen is undeniably one of the most crucial features of a trading platform. It equips traders with essential tools and configurations to analyze price action and spot trading opportunities. Just as important is the ability to easily scale price action, allowing for a clearer and more detailed view of market movements.
Its educational content is thoughtfully designed to cater to traders of all experience levels. The available materials and tools inform the broker’s clients of trading opportunities that are currently developing and explain how and why those opportunities are taking place. Brokers operate multiple entities globally, but regulatory protections vary. Some regulators enforce stricter financial standards than others, so traders should understand the safety measures of the entity they choose to open an account with.
To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. 63.91% of retail investor accounts lose money when trading CFDs with this provider. worldtradex offers a wide and diverse selection of trading accounts, including commission-free and raw spread accounts.
worldtradex does not accept as clients residents of the USA, Cuba, Sudan, Syria, North Korea, or any jurisdiction where trading is prohibited by law. worldtradex is a market maker in which the broker serves as a principal to client orders. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades. worldtradex’s MT4 platform is available on Windows and Mac and supports 39 languages, including English, French, Spanish, German, Arabic, Chinese, and more. The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) in EUR/USD with a pip value of $10 for each account. The fee is charged until account activity resumes or the account balance drops to zero.
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