Itnever does with a real account, so I am currently trading microlots of oil cfds. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. These include Visa/MasterCard, wire transfer and eWallets such as Neteller and Skrill.
worldtradex provides a wealth of research across different mediums and asset classes and is a front runner in the market for research offerings. For the worldtradex Zero account the typical spread for EUR/USD is a low 0.1 pip, but there is a commission which amounts to $7 per round trade on a currency lot. This brings the total per lot per trade to 0.35 pip, which is more competitive. worldtradex does not currently offer any direct social or copy trading options. However, the MetaTrader signals market does offer automated trade copying, and worldtradex allows social copy trading developed by compatible expert advisors. While many traders will be happy with this, it’s worth noting that worldtradex doesn’t currently offer CFDs on other precious metals such as Platinum and Palladium.
worldtradex supports with one of the best education including webinars and research materials, allowing to engage and start trading carer for complete beginners in trading. worldtradex offers its traders a comprehensive range of educational resources like live education platforms and education rooms, making it easier for newcomers to understand the complexities of trading. The low minimum deposit requirement of just $5 also lowers the barrier to entry. Additionally, beginners can benefit greatly from the demo account provided by worldtradex. worldtradex broker offers a suitable trading environment for both novice and experienced day traders.
The Disadvantages of Forex Trading with worldtradex
Although worldtradex does not have its own platform, the option to use the full MetaTrader suite across desktop, as a browser-based platform, plus with Android & iOS apps is a plus. As are the additional platform proprietary indicators add-ons offered by worldtradex, developed by its in-house staff. In terms of trading instruments, worldtradex is a well-known diverse class assets provider, varying from Forex, Crypto, Stock CFDs, Turbo Stocks, Commodities, Equity Indices, Precious Metals, Energies, & Shares. worldtradex prides itself to be the ideal broker in trading execution, offering a stat of 99.35% orders to be executed in less than 1 second. Trading in worldtradex would be also provided with a strict no requotes policy, no virtual dealer plug-in, no rejection of orders, real-time market execution, and the choice for traders https://worldtradex.site/ to place orders online or by phone.
So, islamic traders can simply open one of the demo worldtradex account types, and try the service before applying for a real account. Spreads on this account type are from 1 pip (within the industry standards), with no additional commissions charged other than standard trading fees such as overnight fees. Beginners will find worldtradex particularly appealing due to its unlimited demo account, a minimal minimum deposit requirement of just $5, and an exceptional educational section that is among the best in the industry.
- We use dedicated people and clever technology to safeguard our platform.
- Which means many times it’s even lower than that.And it’s without commissions and swaps on my Ultra low account.
- Very nice to just daytrade, don’t need to hold positions for long and dont need to try to time it just right.
- The Ultra Low Micro and worldtradex Ultra Low accounts offer commission-free trading with floating spreads starting from 0.8 pips, typical of many other brokers we’ve analyzed.
This wide language support made nearly everyone to engage in easy and secure communication with worldtradex’s dedicated support team. worldtradex also encourages its users to contact customer support whenever they have any doubts regarding the trading platform. From the regulatory perspective, worldtradex is supported by licenses from the CySEC and the FCA. Since its inception, worldtradex broker has quickly gained the attention of traders all around the world, thanks to its various advantages such as low spreads, fast service, and other types of attractive offers.
Various Types of Accounts
I’ve found worldtradex’s customer support responsive, helpful, and professional. No matter the issue, they’ve always ensured I get the assistance I need, making trading with them a smoother experience. I’ve used their live chat a few times when I needed quick assistance. Once, I was having trouble understanding https://worldtradex.space/ the differences between accounts, so I jumped on live chat.
In addition, swap-free Islamic Accounts are available which feature no rollover interest or overnight positions in accordance with the Islamic faith. In addition, on worldtradex Zero accounts there is a no re-quote execution policy, hedging and EAs are both allowed, as well as zero fees on deposits and withdrawals. worldtradex offers traders a wide variety of Contract for Differences (CFDs) including individual stocks and stock indices and commodities. However, worldtradex does not currently offer CFDs on ETFs or on cryptocurrencies. This is a somewhat notable limitation, particularly on the cryptocurrency side, with many traders wanting at least the option to trade some of the more popular cryptocurrencies. It’s essential to thoroughly research and educate yourself on any asset class you choose to trade.
Testing worldtradex’s Customer Support
The deposit and withdrawal process is generally straightforward and convenient. While international bank wire transfers can take several days depending on the bank, Visa and Mastercard transactions are typically processed instantly. It allows you to practice trading with €/$/£10,000 in virtual funds and various leverage ratios. I guess worldtradex support is an award-winning one cos if not they really deserve it. I threw every possible question at them and props to Sophia for responding very patiently. I always do that to test the broker as I noticed that all the questionable brokers have one thing in common — a really bad support team.
Support is provided in 28 languages making it very convenient for clients from all over the globe.A comprehensive FAQ page provides you with guidance and answers at any time and within minutes. If you can’t find answers on this FAQ page, you can contact worldtradex.com via their email address or live chat. This worldtradex broker review investigates this highly regulated forex broker with over 10 million happy traders worldwide. The broker, which now serves clients from almost 200 countries, was founded in 2009 and is headquartered in Cyprus. This commitment to education would ensure novice traders have the tools and knowledge to navigate the financial markets confidently.
I have some issues with the pricing especially at Standard account but when it comes to client-orientedness worldtradex is arguably the best in the business. So I got deposit bonus when I first signed up, and my trading equity just got bigger, for nothing.. For istance, if I trade often and earn 10 worldtradexP per lot at my status, I can collect it.
What Can You Trade on worldtradex’s Platform?
worldtradex Broker provides the option to trade in a wide range of assets including precious metals, commodities, stocks, and energy products. When you have registered as an worldtradex trader, you will get a dashboard to view all the instruments available on worldtradex Broker. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). 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.
The platform provides fast execution speeds and dependability we marked highly on our trading test, assuring trades are carried out immediately. worldtradex is a common choice in the forex market since its MT4 offers a complete trading environment fit for new and expert traders. worldtradex Broker provides rapid processing of payment such as deposits and withdrawals that are supported by many types of transfer methods.