It is equipped with useful tools such as advanced charting, and trading strategies, and a nice user-friendly interface. This step is counted as one of the very important factors for traders and thus their ratings go higher. Dealing with an unregulated company like worldtradex Markets Ltd increases the risk factor of your money. Once the money is deposited with it, it stops responding to the queries.. Therefore, we do not recommend you to invest money with worldtradex Markets Ltd. Scammers employ persuasive tactics to convince you to make an initial minimum deposit.
Nonetheless, there have been occasional reports of execution delays during high volatility periods, which traders should be aware of. worldtradex uses a no-dealing desk model and does not act as a market maker, reducing the risk of price slippage or a conflict of interest by the broker. worldtradex adheres to important rules set by this regulator including the segregation of client and business funds and the use of reputable international banks for the safekeeping of client money. worldtradex provides a calendar that displays upcoming economic events and releases, along with their expected impact on the markets. I always like to check an economic calendar before take a decision on the trade. worldtradex comes with MetaTrader 4 (MT4), which is well-known and liked by a majority of global traders.
Who is worldtradex Markets Ltd?
MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time. MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere. In addition, currency conversion fees may apply if the worldtradex withdrawal and receiving currencies differ, adding to the overall transaction costs.
- In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities.
- However if we see its service like compatative spread and $0 commission for trading then we can forget fee.
- worldtradex is regulated by trusted organizations, providing recourse for any issues.
- Therefore, before trading, verify the worldtradex trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.
- Scammers employ persuasive tactics to convince you to make an initial minimum deposit.
Company details
This Worldtradex is because, both beginners and experts, find the website useful. Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk. Compared to other brokers, worldtradex offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow. As part of our worldtradex review, we review customer service options, response times and problem resolution effectiveness on the worldtradex trading platform.
Non-Trading Fees
In some cases, clients have noted that their inquiries took longer than expected to resolve. Regarding the legitimacy of worldtradex forex brokers, it provides CYSEC, FCA and WikiBit, (also has a graphic survey regarding security). worldtradex’s stop-out kicks in when your margin level drops to 50% or lower. At this point, the forex broker will begin to close your positions until the margin level of your account is above the threshold again.
worldtradex’s spreads start as low as 0.1 pips for major currency pairs, which is competitive compared to industry averages. However, worldtradex does impose an inactivity fee of $5 per month after three months of no trading activity. This fee structure is relatively standard in the industry, but traders should be aware of it, especially if they plan to trade infrequently.
We champion verified reviews
It is important to note that worldtradex may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the worldtradex platform and features immediately. However, you must pass the verification process to start live trading with worldtradex, which can take up to a few business days. CFD trading on worldtradex allows traders to speculate on the price movements of various financial instruments against the broker worldtradex, without actually owning real assets.
Read our in-depth reviews of forex and CFD brokers, and compare https://worldtradex.site/ the best online brokers side-by-side. The broker’s membership in the Investor Compensation Fund (ICF) adds an extra layer of security, as it compensates clients in the event of insolvency. However, historical issues related to fund safety have not been reported, which is a positive sign. Overall, worldtradex appears to maintain a strong commitment to safeguarding client funds, but potential clients should remain vigilant and conduct thorough due diligence. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements.
The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. worldtradex traders can navigate the platform and find the information they need to make informed trading decisions. Download the Metaquotes MetaTrader 4 Program free of charge from Apple’s App Store. worldtradex customers have instant access to the financial market and can completely manage a Portfolio on the go. You can start using the MetaTrader 4 platform with worldtradex in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers.
- To further enhance security, we encourage traders to always look for the lock sign on their browser when using worldtradex web trading platforms.
- Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.
- Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.
- The Autochartist interface is user-friendly and can be customized to suit individual trading preferences.
- worldtradex’s stop-out kicks in when your margin level drops to 50% or lower.
I once needed help because I couldn’t reset my password, and I contacted them, it took less than 5 minutes to reach out to them.That kind of access is rare with brokers. Regarding my trading experience, I can say their single trading account is more than enough for me. It’s important for worldtradex traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks.
These checks are a standard practice that helps worldtradex maintain a trustworthy financial environment for its 10,000 users. Detailed information on the worldtradex trading platforms is available on their website. The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. worldtradex may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients.
Brokers like worldtradex must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances. worldtradex is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries worldtradex covers include the UK, Germany, South Africa, Thailand, the United States China and Australia.
Demo Account
worldtradex allows traders to trade on mobile devices through Android and iOS devices like the iPhone. All payments made to worldtradex by traders are securely held in a segregated bank account. We aim to provide you with all the information in this worldtradex review you need to determine if worldtradex is the right fit for you. But we don’t stop there – we also offer valuable insights into other great alternatives to worldtradex, so you can make a more informed decision and compare other brokers against worldtradex. We understand that informed decisions with worldtradex are the key to successful trading, so we’ve provided this detailed worldtradex review.
The company has a license from at least one reputable regulatory body, such as the CySEC, and ensures compliance with industry standards and safeguarding client funds. Its regulation contributes positively to its ratings for credibility and security. Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.
