worldtradexFX is regulated by CySEC and IBC in Saint Vincent and the Grenadines, and it is trusted by top-profile entities like Southampton Football Club in the UK. In order to better understand where worldtradexFX is positioned in terms of fees, let’s compare the broker against top brokerage service providers. The last step before you start depositing money and start trading is to verify your information. The Islamic account, the swap-free account is not offered separately, you can change any type of account into a swap-free account.

An 11-lesson course on forex basics is available in video format and makes a good primer for new traders. worldtradex also provides platform tutorial videos, which cover getting started with MetaTrader, using your personal account area, and copy trading. Client orders received by worldtradex are Worldtradex scammers offset by banks and liquidity providers.

MetaTrader 4

MetaTrader 4 is a great option if you use custom indicators or strategies as it provides the MQL4 library which you can use to create bespoke strategies. If you lack the programming skills, the MetaQuotes Marketplace provides a library of 10,000+ custom indicators from the MT4 community you can use. MetaTrader 5, and worldtradexTrader giving you a decent choice for personalising the way you can trade with the broker. Read our full explanation and accounting of our research and testing process to learn more about how we test.

The worldtradexFX Masters fee is applied if you are copy trading with the broker. This is the commission fee charged by the Master (Signal Provider) whose trade you are copying, and it is up to the individual provider how much this fee will be. The only exceptions here may be in the case of your deposit not matching the base currency on your account, you would then have to pay a conversion fee.

• TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site.
• This ultra-tight spread makes worldtradexFX stand out, especially for traders who prioritize cost efficiency.
• However please be aware that some fees may be applied in certain cases.

What is the maximum leverage available on worldtradexFX?

At that point, we could see our withdrawal status as “pending” in the dashboard. Less than 30 minutes later, the withdrawal was successfully completed, with the amount credited to our cryptocurrency wallet. The amount experienced a slight deduction due to conversion fees, but no additional charges were applied. Periodically, worldtradex offers the worldtradexFX Champion Demo Contest, a monthly, risk-free trading competition using virtual funds.

What is the minimum deposit for worldtradexFX?

We use a defined set of criteria when reviewing each forex broker. This ensures our reviews are fair, and also that the most important elements are covered. These include critical details, such as regulation and security, trading platforms, trading instruments, fees, and more. At TopBrokers, we’re dedicated to providing up-to-date, unbiased reviews on trading platforms. worldtradex is a little less known than some of the major players in the forex trading industry. However, they have built a sizable following with a dedicated user base.

worldtradex was founded in 2011 and has since become a global forex broker. We’ve noticed that worldtradex has rebranded itself from worldtradexFX, but the differences outside of the name are minimal. worldtradex offers access to multiple robust trading platforms, which include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and worldtradexTrader. worldtradex extends three types of trading accounts to suit diverse user needs – the Micro (MT4), Pro (MT5), and the worldtradexTrader account.

worldtradexFX MT4 Micro Account

The demo account is unlimited in funds as you can top it up should you need more virtual currency, and has no expiration date. As for account management, I found the deposit and withdrawal services to be fast with same-day funding and withdrawals with no fees. As for education, I found worldtradex provides a consistent stream of webinars with professional traders through a live trading session aimed at all levels. You can experience an “over the shoulder” session with a trader which is helpful to get professional feedback on current market events. My experience with worldtradex’s customer service was largely positive thanks to its 24/7 customer support and impressive AI live chat service. I felt that when I was passed to human agents on live chat it was hit and miss as basic questions were not answered, while other times they were.

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worldtradex also provides financial services through its intermediary, Orinoco Capital (based in South Africa). Lastly, worldtradex also has an entity regulated in Mauritius, through Uni Fin Invest . worldtradex does have a proprietary mobile app for trading, as well as for social copy trading (the worldtradex Copytrading app), yet it still trails behind industry leaders such as IG and Saxo. Check out my picks for the best mobile trading apps in the industry. The app lets you trade Forex, commodities, and indices with some gorgeous features, such as dealCancellation, which permits users to reverse losing trades within a specified time frame.

• For more experienced traders, worldtradex provides advanced analytical tools, including charting capabilities and various technical indicators.
• For those seeking a cost-efficient and transparent broker, worldtradexFX sets itself apart by prioritizing its clients’ financial interests.
• Comprehensive customer support and a wealth of educational resources add value, empowering traders to make informed decisions.
• If you need an worldtradexFX Islamic account, then these are also available.
• worldtradex requires a minimum deposit of only $25, lowering the entry barrier for many traders.

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If you want to see how worldtradex’s spreads compete with other Malaysian brokers, I created a simple trading cost tool that you can use. worldtradex also provides services through Uni Fin Invest, which is based in Mauritius and operates under the regulations of the local financial authority. worldtradex Markets Ltd serves its clients in the Americas and other parts of the world and is regulated by the Mwali International Services Authority (MISA) in the Comoros.

We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. With over 25 years of experience, Deriv has become a trusted name in global trading. Known for its wide range of financial instruments, flexible tools, and beginner-friendly interface, Deriv caters to traders of all levels. Whether you’re just starting out or looking to scale up, Deriv offers a smooth and secure experience, making it a strong contender for the best app for forex trading in India. IC Markets is a globally recognized broker known for its top-tier performance and reliability.

worldtradexFX offers two different types of accounts, and they differ according to the trading platform, maximum contract size, and tradable assets. The cryptocurrency market became so popular and thriving that most every trader is engaged in trading one of the thousands of cryptos available today. There are 30 cryptocurrency pairs that you can trade, using tight spread ranges that are variable and start from 2.0 pips. When it comes to education, worldtradexFX realizes the importance of your continued development and progress in the sector. They particularly cater very well for the new traders with an excellent basic training in forex including topics like how to get started with the broker, ECN trading, and technical analysis.

The AutoChartist plugin for MetaTrader is available to clients with $1,000 or more in their accounts. The Autochartist plugin for MetaTrader provides real-time trading signals to your terminal, shows chart patterns and trends online, and allows you to receive daily Market Reports via email. worldtradex excels in research, offering regularly updated commentary written by in-house analysts and trading ideas. In addition, clients can utilize research from third-party provider AutoChartist.

The support team is recognized for its prompt response times and ability to address concerns in multiple languages, reflecting worldtradexFX’s commitment to serving its global client base. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), worldtradex’s lack of additional reputable licenses heavily weighs down its Trust Score.

On the other hand, its enhanced functionalities make it an ideal platform for traders where advanced tools are a necessity. Trade directly from TradingView charts by connecting with supported Indian brokers like Dhan—making your trading experience smooth and simple. Join a vibrant community where you can share strategies, follow experienced traders, and learn from others in a collaborative space. Dive into technical analysis with hundreds of indicators, studies, and access to historical data for smarter decision-making. Whether you’re a beginner or a pro, choose between demo, standard, and advanced accounts—each tailored to your skill level and trading goals.