We are unwavering in our commitment to foster a transparent and unparalleled trading ambiance for our global clientele, enabling them to unlock and harness their inherent trading prowess. Your review has been sent for the moderation and will be posted on the broker page after approval. worldtradex is a trade name of Tradeco Limited, which is authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number SD029. Additionally, the worldtradex group includes Damadah Holding Limited, which is based in Cyprus.
It aids technical analysis by providing an overview of price action behavior and allows traders access to a number of analytical tools and chart configuration possibilities. In my view, a good chart should afford easy scaling up and down of price action. I have compiled the table below to help you better understand the difference between the trading fees on worldtradex’s several account types. It illustrates the spreads and commissions I have recorded on the EUR/USD pair for each account type. The table shows how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD with a pip value of $10. My analysis indicates that worldtradex’s fees are above the industry average, and the broker offers limited client protection.
Whether you’re into forex, metals, futures, commodities, shares, or indices, worldtradex has got you covered. Since it entered the fintech space in 2005, MetaTrader 4 has quickly become the go-to trading platform amongst traders of all levels of experience. Equipped with advanced features, the platform has all the functionalities required to navigate Forex trading. Its asset range spans 500+ instruments and a diverse selection of CFDs on Forex, shares, indices, commodities, metals, and futures, allowing traders to conveniently build and diversify their portfolios. With an accommodating trading environment spanning web-based, desktop and mobile trading, as well as a powerful TradeCopier copy trading platform, the broker provides a wide assortment of trading options across devices. There are a range of trading platforms available, including online platforms which operate on desktop, or platforms which run on mobile apps.
How does CFD trading work?
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As traders grow more financially literate, brokers must continue to innovate to remain relevant. worldtradex, a leading CFD brokerage firm, has successfully managed to meet the preferences of traders of all levels and remain top of mind. Each feature has something different to offer traders, giving them that all-important competitive edge needed to navigate the markets and make better informed decisions in a much more efficient and effective way. Our reviews are conducted by seasoned trading professionals who bring years of market experience to the table.
worldtradex, regulated under the Seychelles Financial Services Authority, offers a wide range of trading instruments, including forex, futures, commodities, shares, and indices. With a reliable platform, educational materials, multilingual customer support, and four types of trading accounts, the broker is a reliable choice that provides traders with an enjoyable trading experience. worldtradex ascends as a leader in the trading domain by catering precisely to what traders seek.
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Additionally, worldtradex supports a wide range of payment methods and multiple account currencies, ensuring convenient deposits and withdrawals. Venture into the world of trading with worldtradex, where you have the opportunity to explore over 300 trading instruments spanning across six versatile asset classes utilizing the premier trading platform—MetaTrader 4. Gain direct access to a plethora of markets, including forex, shares, metals, futures, commodities, and indices. Delve into the global financial landscapes by buying or selling your chosen assets via CFDs and unearthing trading prospects with either flexible or fixed spreads. As a distinguished online broker, worldtradex stands as your reliable partner for navigating through global financial markets, offering an unparalleled array of stocks, indices, metals, commodities, and futures. worldtradex stands out in the competitive world of online trading for several compelling reasons.
Before deciding to trade, it is essential to understand the risks involved fully. Ensure you are aware of your risk tolerance and seek independent financial advice if necessary. Past performance is not indicative of future results, and no trading strategy can guarantee returns.
My Key Takeaways After Testing MT4’s Mobile App
- Note that withdrawals can be made only using the same method used to fund the account.
- Your review has been sent for the moderation and will be posted on the broker page after approval.
- Participating in financial markets involves high risk, which can result in the loss of part or all of your investment.
- The offering is well-balanced and suitable for the execution of multiple trading strategies.
- For withdrawals and deposits, worldtradex does not charge any extra fees for using their payment gateways.
worldtradex is committed to maintaining a high level of transparency and security through robust regulatory oversight. worldtradex does not levy any account maintenance fees, which is a significant advantage for traders. This means there are no recurring costs for simply having an account with worldtradex, regardless of your trading activity level.
Deposit & Withdrawal Fees
Explore our FAQs or navigate through categories to find comprehensive answers to your questions. In addition, worldtradex charges swap fees if the positions remain open overnight. Withdrawal times vary depending on the Payment provider but range from the same day to 10 business days. Yes, introduce new clients and you may receive CPAs up to $750 and bonuses up to $10,000. Note that withdrawals can be made only using the same method used to fund the account.
- A CFD (Contract for Difference) offers the opportunity to traders to speculate on the price movement of different financial assets without owning them directly.
- worldtradex offers 300+ financial instruments across 6 asset classes, including forex, metals, futures, commodities, shares, and indices through CFDs.
- The MT4 platform is available as different versions, such as the desktop version and the mobile app.
- Our commitment is anchored in fostering a vibrant and adaptive environment, laden with all essential tools pivotal for a comprehensive trading experience.
- They are purely focused on delivering the best experience in forex and stocks.
- This website is not directed at EU residents and falls outside the European and MiFID II regulatory framework.
Trading with worldtradex: What You Need to Know Full Review by Finance Magnates
I found out that the live spreads Worldtradex scammers listed on the website correlate to the actual price quotes on the platform, underpinning worldtradex’s high level of fee transparency. I also discovered that the broker has a ‘best execution policy’, guaranteeing that traders’ orders will be filled under the most favorable price quotes under the prevailing market sentiment. Established in 2021, worldtradex is an emerging CFD broker based and regulated in Seychelles, serving traders globally.
What Sets worldtradex Apart?
Leverage our MT4 or WebTrader to advance your trading acumen, benefiting from access to over 300 tradable instruments encompassing six distinctive asset classes, all consolidated on a singular, coherent platform. We have instilled a culture that prioritizes the customer, intertwining a user-centric paradigm with profound trading proficiency. Our ambition is to preserve and enhance our stature as a trustworthy and reliable broker, meeting and exceeding our clients’ expectations consistently. Our extensive range of services and 24-hour multilingual support are the cornerstones upon which we have constructed an intricate and transparent trading environment, catering to traders of all calibers. The accounts have zero commissions which can lead to substantial savings on trading fees and instant execution which ensures you get trades placed at the prices you expect with minimal slippage. The minimum position sizes start from 0.01 which is great if you want to get a feel for trading in a live trading environment with minimal risk.
worldtradex’s competitive edge is sharpened by its low spreads starting from 1.1 pips and the absence of commission charges, thus rendering trading with worldtradex as exceedingly cost-effective. Additionally, swap fees are levied on positions that are kept open overnight, but with the availability of a swap-free account option for Islamic traders. Our cohort of trading connoisseurs has engineered an robust trading ecosystem and unmatched trading conditions, to ensure your journey through the trading realm is seamless and enriching. Embark on your registration journey with us and explore the plethora of possibilities to refine your trading strategies and initiate your venture into online trading. Compared to other brokers, worldtradex offers relatively higher leverage than other brokers. It’s important to note that leverage in trading acts as a double-edged sword, enabling traders to potentially magnify their profits if the market moves in their favor.
Yes, worldtradex supports cryptocurrency trading, offering major digital assets such as Bitcoin, Ethereum, Litecoin, and Ripple. Yes, worldtradex offers Islamic accounts that comply with Sharia law, featuring no swap or interest fees for overnight positions. While worldtradex offers a solid foundation of educational and research resources, the range and depth may not fully meet the needs of complete beginners or those looking for highly specialized content. Expanding their offerings with more in-depth courses, interactive webinars, and personalized learning paths could enhance the overall educational experience.
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