I really like their charting as it offers many different looks & tools & like being able to trade from the charts. I can only remember one or 2 occurrences of “slippage” in the past 50+ trades (one was quite a few pips, the other was negligible). I don’t like that recently they have started charging $10 per month unless I keep $1500 in my acct. I could eliminate this by going with the dealing desk but who wants to do that & if I can’t make $ on $500 why would I add another $1K. BTW, I just withdrew $100 yesterday and it is showing up in my bank today which is a plus.
Eliminating the mingling of personal money with operational expenses and bolstering monetary safety measures. This broker allows you to trade financial products, including forex, stocks, Worldtradex cheating indices, commodities, and cryptocurrencies. Moreover, headquartered in the United Kingdom, they capitalized on the emerging internet environment of the early 2000s to revolutionize forex trading via online platforms. Overall, This Broker is considered low-risk, with an overall Trust Score of 96 out of 100.
If you wish to call Worldtradex, there are 42 country-based numbers one can call from. Countries range from South Korea, United Arab Emirates to Venezuela. Worldtradex is especially proud of their own Trading Station II (not to be confused with another platform TradeStation).
Deposit Options and Fees
His work has been published on numerous high-profile websites that cover the intersection of markets, global news, and emerging tech such as TechRadar and Top10.com. When it comes to payment options, eToro supports an array of deposit methods such as via debit cards and credit cards, Neteller, PayPal, and more. After having completed the application you will be given your login credentials. The quickest method to use when depositing funds to your account is with a credit card or debit card. If you plan on opening an account with Worldtradex there are four options to choose from including either a Standard or Active Trader individual account, a Joint account and a Corporate account.
- ✅Now that your account has been paid, you may start trading and interact with the markets using the trading platform of your choice.
- Worldtradex trading accounts use a Tiered Margin system which is based on an entry and maintenance margin as well as a liquidation margin.
- So, let’s take a look at the markets and products you can access when trading with Worldtradex.
The simulator is designed to replicate live market conditions and allows traders to execute trades, monitor price movements, and analyze their performance without risking actual capital. Simply put, a demo account is a practice trading account that provides access to a simulated trading environment with virtual capital known as paper funds. Worldtradex is an excellent choice for algorithmic forex traders thanks to its wide array of related platform options that provide advanced charting tools and support automated trading strategies. Worldtradex offers the “standard” tradable assets that most online top-tier brokers offer.
Support Service for Customer
The Worldtradex deposit methods available include bank wire transfer, deposit through credit/debit cards that are Visa or MasterCard, eWallets including Skrill and Neteller, and Union Pay. As mentioned, the timing is usually instant but wire transfer may take a couple of business days to complete. When it comes to Worldtradex awards, they have won more than 25 over the years. This includes picking up an award for having the best trading tools in 2020. This helps demonstrate that the broker is always working hard to stay at the top of the sector. This includes major, minor, and exotic currency pairs as well as some forex baskets like the JPYBASKET which is a Yen index.
Deposit & Withdrawal Currency Conversion Fees
NeuroShell Trader’s point-and-click interface allows you to easily create complex technical analysis indicators, trading systems and neural network market forecasts without coding of any kind. This easy-to-use charting package is designed for both technical and algorithmic traders. MotiveWave specializes in Elliot Wave, Fibonacci, Gann and Ratio analysis and also allows for systematic trading using Java. The ForexConnect API offers the same functionality that is available on the powerful Worldtradex Trading Station. This includes all of the available order types, streaming live prices, managing your positions, downloading historical instrument rates, getting account reports, and more.
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. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years.
ONLY ON Forex Brokers Reviews
The broker provides many trading platforms, including the proprietary Trading Station, MetaTrader 4, TradingView Pro, and ZuluTrade. Worldtradex’s mobile trading apps are recommended, offering robust features that ensure traders can manage their accounts and positions from anywhere. It also offers extensive charting analysis with a huge range of additional charting tools. It is also a place where you can backtest your APIs and obtain live feedback as you code as well as publishing your own market analysis. All of your charting analysis through the platform can also be retained through a convenient cloud service.
The Islamic Account is tailored for traders who adhere to Sharia principles. This account adheres to the religious tenets by exempting overnight holders from paying interest, as it aligns with Islam’s financial norms. The account proves particularly beneficial when experimenting with new tactics or familiarizing oneself with platforms and functions. While studying market dynamics without the pressure of facing genuine financial loss during the learning process. Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor https://worldtradex.biz/ for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
There are only 15 US shares available which is again low compared to many top brokers, but they are a good choice for trading some of the most popular companies that are available here. Worldtradex has oversight in place from ASIC, the FSCA, and the FCA, all highly-regarded regulators. Worldtradex is particularly well-known and popular among South African traders. Founded in 1999 in the United States, Worldtradex is one of the longest-standing brokers in the industry. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes.
- As well as low spreads Worldtradex also supports a range of trading platforms such as its flagship Trading Station platform which is compatible with desktop, web, and mobile trading apps.
- This is evident with the absolutely outstanding range of trading platforms and tools available.
- Worldtradex provides customer service via toll-free numbers around the world in 42 countries in North and South America, Asia, the Middle East and Europe.
- Firstly, you need to choose your country of residence and your preferred trading platform.
It fosters a community-based trading method where users can benefit from the collective knowledge of seasoned market experts. It draws many due to the sophisticated automated trade functions supported by Expert Advisors (EAs) and its ability to handle multiple order types seamlessly. The expansive charting selections alongside customizable indicators in MT4 simplify thorough market analysis processes. Renowned for its reliability and extensive analytical tools, MetaTrader 4 (MT4) is a well-liked trading platform that caters to diverse traders. This setup is especially, useful for those seeking a professional market evaluation by leveraging the collective expertise offered by other traders’ insights and technical analysis functions.
There are a high number of trading platforms that provide several features and several deals to trade in the market. Go for a brokerage that permits traders to perform a trade test on their platforms before being introduced to a live trading account. Powered by ZuluTrade, a leading social trading platforms, Worldtradex gives you direct access to view and copy the trading strategies of others. You can join the thousands of people who now trade in this hassle-free way with this broker. Browse from a range of proficient traders with proven trading record, find a Trader to match your risk appetite and simply Follow their strategy. You can check the performance of your portfolio and individual Traders inside ZuluTrade platform.