You can experience an “over the shoulder” session with a trader which is helpful to get professional feedback on current market events. With 300 markets I found worldtradex provides the major financial instruments most traders would focus on such as forex majors, gold, stocks like Tesla, or cryptocurrencies like Bitcoin. I think this is a sweet spot for the majority of traders unless you are seeking less popular markets or specific stocks to trade. I found all platforms worldtradex offers provide mobile trading apps on your iOS or Android device, which can be downloaded directly from the broker’s website. Out of the options available, I think MT5 is the best option with worldtradex as it has the most technical features while also offering all of the broker’s financial products. You can open a demo account with unlimited funds and no expiration giving you ample time to test each platform to see which suits you best.

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• worldtradex doesn’t require a minimum deposit to open an account, a notable point in their favor.
• worldtradex uses separate accounts to keep customer funds separate from the company’s balance sheets per international regulatory standards.
• Residents of the European Union receive the highest level of regulatory protection, as worldtradex Markets Cyprus LTD is regulated by the Cyprus Securities and Exchange Commission (CySEC).

Amongst the new features and platform improvements, you can still automate your trades with MetaTrader 5 and Expert Advisors. If you are interested in automating share CFDs, MT5 is the only platform on worldtradex to provide this. I find MT4 makes it easy to customise your charts with 9-time frames from day to tick charts and 3 chart types including bar, candlestick and line. This lets you adapt your charts depending on your strategy, whether you use multi-time frame analysis or are a scalper with tick charts you’ll find it easy to switch on MT4. The spreads on the MT5 account were stable in my tests during the New York and Asian trading sessions.

Customer service at worldtradex is through live chat or a support email address, which is a slight letdown as I prefer when companies offer phone support for urgent questions. I’d like to have seen an option for bank transfers as I feel most secure about this process. However, worldtradex has e-wallet options through Neteller and Skrill were also a positive as they also provide instant funding like the Mastercard option. If you’re unsure which platform is for you, I’ve created this 5-step questionnaire that will match your answers to help find the best forex trading platform for your trading style.

• During the account opening process, clients must choose a type of account.
• Furthermore, MT5 allows traders to create unlimited charts and test multiple currency pairings simultaneously, facilitating efficient portfolio management.
• Our broker reviews are reader supported and we may receive payment when you click on a partner site.
• Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
• For those interested in trading indices, worldtradex provides access to some of the world’s major indices.
• The broker also provides detailed economic calendars and market insights, which keep traders informed about the latest financial news and upcoming economic events.

The broker introduces a demo account tailored for Indonesian traders, delivering an unparalleled replication of the genuine trading experience. This exceptional platform immerses traders in an authentic environment, mirroring actual market conditions to the last detail. The worldtradexTrader Account is designed for traders seeking a high degree of flexibility and precision in their trading strategies. It provides access to a suite of advanced tools and features, making it suitable for both novice and experienced traders.

$100 Minimum Deposit

worldtradex offers the popular MetaTrader 4 and MetaTrader 5 platforms across desktop, web, and mobile. These platforms provide robust charting and a wide range of order types and enable automated trading. The web-based worldtradexTrader platform is a beginner-friendly and convenient alternative. In addition, when trading with a broker authorized by CySEC, client funds are protected by the Investor Compensation Fund (ICF). ICF protects client accounts for up to €20,000 if a firm becomes insolvent.

An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out worldtradex’s educational offering.

Does worldtradex provide VPS?

Entry and exit orders were executed as intended, with only minor Worldtradex review slippage observed. Limit orders were adjusted almost exactly to the specified price without jumps, though a small percentage of stop orders did experience some variation. 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. Scalping, hedging, and the use of expert advisors (EAs) for algorithmic trading are permitted. For instance, arbitrage trading is prohibited under their Customer Agreement.

Understanding the Regulatory Protections of Your Account

The worldtradex dashboard clearly displays the progress of these lots and the application of the bonus in a detailed manner. Accessing the bonus is a straightforward process and can also be configured automatically. During the account opening process, clients must choose a type of account.

This dynamic fosters a collaborative atmosphere in which expertise is shared, and success is multiplied. In turn, followers can copy signals from master accounts, diversifying their trading strategies while learning from experienced traders. Accessible without any constraints, the demo account provides abundant virtual funds, offering traders a playground for many purposes. From newcomers honing their skills to seasoned traders meticulously refining their strategies, this resource proves indispensable. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

One of the standout features of worldtradex is that it does not charge swap fees. Positions held overnight are not subject to fees, whether positive or negative, which is a distinctive aspect of worldtradex. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. 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.

While monitoring the spreads the broker’s EUR/USD spread fluctuated between 0.80 and 0.90, which is slightly more than the minimum advertised. worldtradex Broker equips traders with a suite of charting tools and analytical resources to facilitate informed decision-making across various trading styles. Learn how he started trading with worldtradex and check out his tips for beginner traders. worldtradex also operates under other entities that are regulated by lower-reputation organizations. Additionally, the app allows users to view the history of each operation, including changes made to orders, with great clarity. During certain events, worldtradex offers a bonus where you can claim up to a 100% deposit bonus.

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. The CompareForexBrokers team created a trading platform selector so you can work out what trading software best matches your trading needs. I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform. 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. Clients can upgrade their status by maintaining higher account balances and increasing their trading activity.

On the negative side, some traders may find that certain features could be enhanced, and there could be restrictions on certain trading preferences. The broker introduced the “Status Program” to cater to Indonesian traders’ loyalty and trading activity. The broker does not charge any deposit or withdrawal fees on payment methods available in Indonesia. The software’s intuitive layout, designed with simplicity, allows traders to locate and follow signal sources based on personalized criteria easily. This feature enables Indonesian traders to build well-informed portfolios, improving their trading efforts.

These additional funds may be used for trading, allowing traders to strengthen their positions and strategies. The bonus funds can be withdrawn after meeting certain volume requirements, contributing to the expansion of trading resources. Currency conversion fees could apply when Indonesian traders deposit and withdraw in IDR to accounts denominated in USD or EUR. This is particularly advantageous for Indonesian traders aiming to elevate their trading prowess and refine their approaches before executing them in live markets.

One of worldtradex’s impressive features I found was the no swap fees on all of its accounts. This means you can hold CFD positions overnight without being charged interest or fees like non-Islamic accounts do, making the broker a solid pick if you trade stocks. The other feature I liked was that you do not pay swap fees on your CFD positions, saving you money should you keep your trades open longer than 24 hours.