The software supports thousands of user add-ons that simplify the search for successful trades and implement algorithmic trading strategies. When using an ECN account, a commission of $2.50 is charged for each transaction per 1 lot, which can https://worldtradex.pro/ be considered below average. Various trading commissions are charged depending on the account type and the instruments used. Worldtradex offers various types of accounts that can meet the needs of different categories of traders. You need to undergo identity verification for full-fledged work with a live account. This requirement of financial regulators applies to all legal brokers, including Worldtradex.
What you will need to open an account with Worldtradex
At Worldtradex, it is the “Client Agreement” located in the “Regulatory Documents” section of the site. Advantageous broker’s offer for traders cooperating with other market companies. When joining the organization, a new client receives an exclusive bonus of 20%. The promotion is valid only once for traders who traded at other brokers on the real account, it is available after making a deposit on the Worldtradex platform. For more details about the terms and conditions of this bonus, please, contact your personal manager.
- Traders are guaranteed to close your trade at your specified price.
- You can download the Worldtradex app or also trade with Worldtradex through the MetaTrader 4 application on the Apple app store.
- You can withdraw from Worldtradex through Bitcoin deposits, Bank Wire transfer, Credit cards and eWallets.
- While this is a positive aspect, it can work in the opposite direction too.
- We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones.
To access the Worldtradex personal account, use the main page of the site Worldtradex.org or the direct address to the personal account (my.Worldtradex.trade). Investors who prefer not to engage in independent trading can achieve good profits by copying the trades of successful traders. Portfolio creation is time-efficient and provides an opportunity for passive income. Read our in-depth reviews of forex and CFD brokers, and compare the best online brokers side-by-side.
Worldtradex is a globally recognised broker with 1,000,000+ customers. This may seem to be a little number, but over the entire year, it quickly adds to a substantial amount of gains. Even though Worldtradex supply you all of the tools to earn money, they cannot guarantee that you will profit. If you remain skeptical, you can open a eToro demo account and assess the trustworthiness of the platform on your own. As you already know, Worldtradex works with proper conformation to regulations. It has established lots of measures to protect all of its own investors.
Trading Risk Disclaimer
- We have talked about the pros and cons, pricing, customer reviews, and main features.
- While it may be a new skill set for some, it is what the market requires for success.
- When I work with an unregulated broker, they also manipulate my leverage.
- Moreover, the company covers any deposit fees charged by the payment system.
For a complete and updated list of restricted countries, traders are encouraged to check the Worldtradex website. It is regulated by the Financial Commission (FinaCom) and offers client protection with compensation funds up to €20,000 per case. Investors who are not keen on engaging in independent trading can still achieve significant profits by copying the trades of successful traders. Building a portfolio is time-efficient and offers the possibility of passive income.
Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check these before evaluating the total trading costs. Swap rates on leveraged overnight positions are also competitive, making Worldtradex an excellent choice for all trading strategies as long as they select the ECN option.
Apart from trading charges, online agents also charge non-trading fees. These are dependent on the actions you undertake in your accounts. They’re charged for operations like depositing money, not investing for long periods, or withdrawals. You can start using the MetaTrader 4 platform with Worldtradex in multiple formats including through an online web platform, or through a downloadable application for Windows PC’s and Mac’s. Worldtradex allows traders Worldtradex scam to trade on mobile devices through Android and iOS devices.
What are the main features of MetaTrader 4?
This process usually takes around 5 minutes, and once you’ve passed compliance, you can start exploring Worldtradex’s platform. Autochartist on the Worldtradex platform is a powerful tool designed to help traders find trading opportunities quickly and easily. We understand that informed decisions with Worldtradex are the key to successful trading, so we’ve provided this detailed Worldtradex review.
What are Tier 1 banks and why should Worldtradex use them?
Financing or overnight rates are people who are billed when you hold a leveraged position for longer than daily. In accordance with the company’s privacy regulations, customer data is never to be shared with some other institutions or individuals. The most ignored trading costs are swap rates on leveraged overnight positions.
Our approach encompasses a comprehensive examination of the broker’s offerings, evaluation of educational resources, assessment of customer support operations, and many other aspects. Traders can benefit from several types of accounts with low spreads, permitted scalping, and fast trade execution. A stable technical platform is supported by updated analytics, useful services, and quick withdrawals. When starting work with the Worldtradex broker, it is important for a trader to know the rules of cooperation with him, his rights and obligations as well as the guarantees of the broker. This is necessary for more confidence in trading on the platform, and to understand what will be the company’s behavior, for example, in case of force majeure, failure of the terminal, etc. Usually, this document is called a “User Agreement” or something else.
With the AMTrader Mobile Platform, you can stay connected to the markets and trade with ease, no matter where you are. Millions of people worldwide use Android mobile devices and tablets, and Worldtradex offers its clients access to the MetaTrader 4 platform on these devices. With the Worldtradex MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets.
Can you trade UK Shares with Worldtradex?
However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings. Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker. The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased.
The Standard account is perfect for beginners, while the ECN and Zero accounts are better suited for experienced traders seeking tighter spreads and additional trading tools. The Fixed account provides consistent spreads, which may be preferred by traders looking for stability. I chose a broker based on trading conditions, and I liked Worldtradex for its low spreads and fast withdrawals.
The MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements. Another concern with financial brokers with regards to safety may be manipulation of trading. Nonetheless, this is more widespread in the example of Market Maker agents who compete with customers on the stage.
However, it’s important to weigh up the pros against the cons before making a final decision. If Worldtradex turns out not to be the best fit, we have many resources on the alternative premium forex brokers. Worldtradex has been on the market since 2007 and that should give some peace of mind. However, it does have an offshore regulator, which many users state makes them less than reassured. Despite that, this broker is a member of the Financial Commission, offering protection from there. Additionally, many accounts with Worldtradex offer negative balance protection.