It has several entities around the world and provides services by industry standards. worldtradex is Worldtradex reviews a broker that has operated for over 10 years and has been expanding during this time. It is a global company with several entities responding to different regulatory needs. worldtradex also operates under other entities that are regulated by lower-reputation organizations. This situation requires clients to place more trust in worldtradex itself than in its regulators, as these regulations are more focused on preventing terrorism and money laundering than on execution-related issues. 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.
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The service provides tutorials, which explain how this is done and primes traders to run a cBot and use the free algorithms made available to them. This section of the site is well supported by the Customer Services and the Education sections of the site. There is also a dedicated VPS (Virtual Private Server) for ‘algo’ traders. worldtradex is as confident about its financing costs as it is its execution fees. The breakdown across the two different types of accounts is laid out in a reassuringly transparent manner.
MetaTrader 5 Web platform
On top of that, all your chart actions are automatically synchronised between all your devices so that you can pick up your trading or analysis on your mobile exactly where you left it on your computer and visa-versa. Bonuses of 10%, 20% or 50% can be claimed on each deposit with worldtradexFx but there are even bigger bonuses available during holidays and other limited-time events. All information on 55brokers.com is only published for general information purposes.
Non-stop support
worldtradexFX’s no-fee policy for deposits and withdrawals, combined with its competitive spreads and high leverage, creates a cost-effective trading environment. Comprehensive customer support and a wealth of educational resources add value, empowering traders to make informed decisions. The social and copy trading experience, hedging, scalping and the option of swap-free accounts are welcoming features offered by worldtradexFx. Again, the provision of standard demo accounts helps clients learn trading and key trading techniques without fear of loss or risk to real funds.
In this review, the FXStreet team presents an independent and comprehensive analysis of worldtradex, grounded in direct testing and real user experiences. As a leading financial media outlet, our editorial content is driven by rigorous research and data-driven insights, all free from https://worldtradex.pro/ external influence. This assessment delivers a transparent evaluation of worldtradex’s trading conditions, tools, support, regulatory standing, and overall suitability for traders.
By implementing these comprehensive security protocols and maintaining regulatory compliance, worldtradexFX demonstrates its dedication to providing a safe and trustworthy trading environment for its global clientele. Read what actual users and industry experts say about us online in broker reviews. It allows you to connect and collaborate with like-minded traders while staying up-to-date with the most relevant market trends and developments. By adjusting the feed according to your trading style and preferences, Space provides personalised guidance to keep you in touch with highly volatile markets.
The broker claims to offer competitive spreads as compared to other forex brokers. worldtradexFx boasts of a spread floating, starting from as low as 0.6pips. Depending on the market’s volatility, clients can expect to pay a minimum spread of 0.6 pips on trading pairs like GBP/USD and EUR/USD. Commodities like Gold and Silver are on the other hand, tradable on spot for a minimum spread of 1.9 pips and 2.0 pips respectively.
Perfect for testing trading strategies
All our clients receive the same quality services, the same execution, and the same level of support. Depositing and withdrawing funds with Lime Fx is a convenient and secure process. The broker offers a variety of payment methods to cater to traders from around the world. Lime Fx provides mobile trading apps for both Android and iOS devices, offering intuitive interfaces, real-time charts, technical indicators, and easy order execution. In evaluating trust and safety, Lime Fx’s strong regulatory framework, fraud prevention measures, client fund security, and emphasis on risk management contribute to its reputation as a reliable and secure broker.
Internal transfers between different accounts can be done from the dashboard and are nearly instantaneous. There is also the option to transfer funds to a wallet outside of these accounts but within worldtradex. 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. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers.
- Established in 2011, it has built a strong reputation for offering competitive trading conditions, robust platforms, and a user-friendly environment.
- Starting at 0.6 pip on main currency pairs like EUR/USD for all three account avialable at International trading, the broker offers reasonable spreads.
- The platform supports trading forex pairs, commodities, indices, cryptocurrencies but not stocks.
- 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.
- The broker offers a variety of payment methods to cater to traders from around the world.
- worldtradex gives a high priority to analysis and education for both new and experienced traders to its platform, having won a couple of awards in 2023 for ‘best education broker’.
Scalping, hedging, and the use of expert advisors (EAs) for algorithmic trading are permitted. For instance, arbitrage trading is prohibited under their Customer Agreement. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com.
- Recognized as a reliable broker as worldtradex operates for many years, it is fit for most traders, especially International traders since worldtradexFX proposal internationally is much wider and better quality too.
- Lime Fx Group offers a range of trading platforms to suit different preferences and trading styles.
- Your funds are safe if you pick the right partner—with data encryption, international verification rules, and secured withdrawals.
- In addition, there is a security of the traders’ accounts applied by the Investor Protection and Compensation Schemes in case the broker goes bankrupt.
worldtradex review by Forex trading experts
Moreover, the integrated copy trading function lets customers duplicate the winning strategies of seasoned traders, so promoting a cooperative trading atmosphere. For people looking for a sophisticated trading experience, worldtradex’s MT5 platform offers a strong and flexible trading alternative overall. At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying. The broker has its proprietary trading platform known as worldtradexTrader, which operates on web and mobile versions.
We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. worldtradexFX ensures that traders can access the tools and functionalities they need to succeed, whether they prefer simplicity or advanced analytics. The availability of demo accounts on both platforms further supports traders in mastering their skills before entering live markets. With competitive spreads, high leverage options, and robust security measures, worldtradexFX strives to provide a comprehensive trading experience tailored to diverse needs.
Coming to assets, the company offers a wide array of tradable assets, allowing clients to pick their favorites and suitable ones for trading. There is also an availability of multiple trading tools and indicators, which serves to enhance clients’ trading experience and help them trade confidently. The company, besides featuring a full fledged FAQs section to help clients find answers to their queries on an immediate basis, offers multilingual customer support 24 hours 7 days a week. The broker also offers wonderful features that are unique to the company alone. In addition to keeping the client’s investments safe and separate from its capital, the broker ensures maximum transparency. However, the company’s offshore entity is not regulated by a tier 1 regulatory body, which offers a less sense of security.