Contracts for Difference (CFDs) are financial derivative instruments that allow traders to speculate on the price movements of an asset without owning the asset itself. The MetaTrader app stands out for its convenience, making it an essential tool for adjusting trades, especially during periods of heightened volatility. However, I consider it scammed by Worldtradex cumbersome and not the best choice for analyzing price action.

Professionals trading their own accounts may wish to look elsewhere, despite tiered pricing, due to the lack of volume discounts or a proprietary high-end trading platform. The broker’s account diversity is impressive, with a tiered structure that includes floating vs. fixed and commission vs. no commission fee schedules. They round out their services with a variety of professional accounts, introducing broker (IB) branding and a portfolio management program. They recently added cryptocurrency coverage to a broad selection of forex, spot, and CFD trading products. Earlier in 2018, worldtradex announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced.

You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades. However, its dated and rugged design is inferior to newer and sleeker platforms. As a trader who prioritizes flexible charts that are easily scalable, I find MT4’s charting capabilities too rigid and less effective.

His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. worldtradex offers excellent customer support available 24/5 through live chat, email, and phone. The support team is responsive and efficient, ensuring that traders get timely assistance for any queries or issues. worldtradex also offers multilingual support, making it accessible to a global audience. worldtradex offers a robust mobile trading app that is available for both iOS and Android devices.

Trading Platforms

• As a trader who prioritizes flexible charts that are easily scalable, I find MT4’s charting capabilities too rigid and less effective.
• I can’ say that I used this broker’s service for real to know the difference.
• All withdrawals incur fees that vary among credit cards, electronic tellers, and bank transfers/locations.
• The MetaTrader app stands out for its convenience, making it an essential tool for adjusting trades, especially during periods of heightened volatility.
• worldtradex offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles.
• While credit card deposits are usually instant, transfers via bank wire may take up to 3 working days to appear in the trading account of the client.

You should only engage in any such activity only if you are fully aware of the relevant risks. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Whilst we try to keep information accurate and up to date, things can change without notice and therefore you should do your own research. You will find that they have an excellent variety of convenient deposit and withdrawal methods to meet everyone’s needs.

Feedback and rankings from authoritative sites like «Trustpilot» on the TradingFinder website assist all traders. Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives. Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

These do charge a very competitive commission which varies depending on the level of the account. I must admit that the commission is not the lowest I have seen, but I also feel that the quality of the broker makes it worthwhile. However, worldtradex broker’s main weaknesses are its lack of offering MT5 trading platform and higher-than-average spreads on Standard (1.6 pips), Premium (1.4 pips), and VIP (1.2 pips). worldtradex offers 310 tradable instruments at varying costs and integrates the popular MetaTrader 4 platform, which can be enhanced with an add-on for advanced charting.

worldtradex offers 83 forex pairs and 340 tradeable symbols, providing a decent range of trading options. However, its total tradeable symbols are far below the industry average of 3,623. With an average recommendation, it provides essential trading tools and a variety of tradeable instruments but does not stand out significantly from its competitors.

worldtradex trading platforms and tools

• We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
• Secondary security features are unimpressive, with standard encryption at the website and no two-tier platform authentication beyond Metatrader’s one-time passwords (OTP).
• worldtradex offers a wide range of educational resources, including webinars, market analysis, and trading guides, making it a great choice for beginner traders looking to improve their trading skills.
• They also offer the free worldtradex Research app, which has no trading functions.
• 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.

Overall, I assessed that worldtradex’s customer support is of very high quality. When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. worldtradex provides free Virtual Private Server (VPS) hosting to high-volume traders interested in achieving lightning-fast order execution speeds and stable internet connectivity. However, I also spotted that the broker’s website does not display live spread data. worldtradex holds a «Trusted» rating with a trust score of 83 according to ForexBrokers.com, indicating a reliable level of trustworthiness in the industry.

The broker is regulated by entities in multiple countries, which ensures that it adheres to strict standards of conduct and financial practices. It also provides negative balance protection to safeguard traders from incurring losses beyond their initial investment, which is particularly useful for beginners. It supports the MetaTrader 4 platform but does not offer MetaTrader 5 or a proprietary trading platform other than its copy trading app, TradeCopier.

GO Markets

On the positive side, deposits and withdrawals are free, and the broker’s inactivity fee is relatively low. MT4 is ideal for forex traders, offering advanced charting tools and a variety of indicators. MT5 offers more advanced capabilities, such as additional timeframes and more order types, which might appeal to traders looking for more flexibility in their strategies. Finally, the fine print advises that spreads widen significantly during volatile and off-market periods, even with fixed spread accounts. Things are different for silver and platinum – silver is still traded for industrial purposes, as platinum, which is also much rarer than silver or gold.

Markets

The broker charges an inactivity fee and requires a minimum deposit, but it also offers discounts for active traders. The average spread cost for the EUR/USD pair is 1.2, slightly above the industry average of 1.08. With an average rating for commissions and fees, worldtradex provides a standard cost structure without significant advantages. worldtradex offers access to trade a decent amount of around 300 trading instruments across multiple markets including Forex, Commodities, Futures, Stocks, Shares, Indices, Metals, Energies & CFDs. Spreads start from just 0 pips whilst all trading instruments can be conveniently accessed using one account across all trading platforms.

Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. Trading and investing in financial instruments comes with a high degree of risk and you can lose money.

One thing in particular I like that sets worldtradex apart from many other trading brokers is their admirable support for a wide range of philanthropic and charitable activities. Going beyond daily operations, they engage with local communities, assisting in medical research and education. This shows strong business ethics and a responsible corporate attitude by supporting community development. Participating in financial markets involves high risk, which can result in the loss of part or all of your investment.

worldtradex Non-Trading Fees

This may be a weak point for the broker but it should not bother traders, especially since MT4 is familiar to most of them. You can trade spot metals with no currency exposure, some of the most competitive spreads and industry leading trading conditions. Clients are supported in over 30 languages, 24/5, and can access their personal trading account from MT4 on desktop or trade on the go. In addition, the broker offers daily, updated educational and market news delivered by a multi-lingual professional research team. Entering the financial markets with worldtradex is simple, transparent and supportive for all levels of investors. It introduces traders to the broker’s services and allows them to tweak their strategies in a risk-free environment.

The broker is also regulated by the Australian Securities and Investments Commission (ASIC) and with this license, the broker is authorized to operate in Australia, New Zealand, and South Africa. worldtradex is the trade name of Notesco Limited, a company registered in Bermuda and headquartered in Cyprus. The broker is regulated in multiple jurisdictions, including Cyprus where it has a license from CySEC. For clients based in the United Kingdom, it is regulated by the Financial Conduct Authority (FCA), which is among the most respected financial regulators in the world. The FCA has issued a license to 8Safe UK Limited, which operates worldtradex in the country.