worldtradex offers negative balance protection, which means that if a market slippage results in a negative balance, worldtradex will adjust the balance to zero. This feature ensures that traders cannot lose more than their initial investment. A few minutes after submitting the withdrawal, we received a confirmation email.
Cost Structure and Fees
It allows clients to learn and try multiple risk management strategies without any deposit. The worldtradexFX Demo Account is essentially a practice account With which users can understand and get familiar with various features of the Forex trading platform before committing real funds. However, clients can choose their preferred virtual balance of the account in order to dictate the pace of their learning process themselves. Available trading platforms include MetaTrader 4 (Web, App, and Desktop), MetaTrader 5 (Web, App, and Desktop), and the proprietary web-based worldtradexTrader, along with the worldtradex Copytrading app. I like that worldtradex provides a variety of trading platforms that all trading styles can use, making the broker a versatile option to benefit from the lower trading costs.
A review of the broker’s trading instruments reveals that users are allowed to trade over 120 stocks. Most clients with high volume accounts have an adverse opinion about the company. They complain of worldtradexFx being a scam broker, denying them withdrawals and going on to block their accounts. After 324 reviews, worldtradexFx holds a rating of 2.997 out of 5 stars on Forexpeacearmy.
worldtradexFX Broker Review 2025
- Overall, worldtradex provides good flexibility in terms of conditions, platforms, and instruments it proposes.
- The broker caters to traders of all experience levels, offering educational resources, demo accounts, and low-deposit entry points, making it particularly suitable for beginners.
- It also provides Islamic (swap-free) accounts that comply with Sharia law.
- Here, if you have a USD base currency account, you can opt for fixed spreads that start at 2 pips on certain forex pairs.
I would always prefer to use an ECN broker as I find they tend to have the lowest spreads and quickest execution speeds. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money.
Pros and Cons of worldtradexFX Account Types and Features
Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. From among the trading systems known as “Master Traders” to copy on worldtradex’s Copytrading app, there are 1,390 newcomers, 986 growing talent, 703 high achievers, 360 experts, and 223 legends. These labels denote some milestone that the Master Traders have reached, although their performance and results can vary. Access to these resources is provided to both Demo and Live account holders.
Guaranteed Worldtradex cheating stop order fees, overnight funding fees, and currency conversion fees are not separately specified by worldtradex. worldtradex, in this regard, stands firm as it complies with all necessary regulations and takes substantive measures to ensure client funds’ safety. No, currently, worldtradexFX does not provide the option to trade the Volatility 75 Index. worldtradexFX is a trustworthy broker, boasting an impressive trust score of 79%.
Spreads
- The reports cover significant support and resistance levels and technical signals from indicators such as MACD and Parabolic SAR.
- 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.
- The trading interface of worldtradexTrader is quite unique, it presents users with extended functionality.
- worldtradex is based in Saint Lucia but has multiple entities outside of Saint Lucia to provide financial services to clients in 180+ countries.
The worldtradex MetaTrader 4 account, also called the Micro Account, is for new investors. It allows them to start with small funds, hence the term ‘Micro Account’. Yet, if you still prefer to use high leverage, the international entity of worldtradex Leverage still allows so. Since the regulation demands strict follow of Forex business operations management, it is considered safe to open an account either with Cyprus, South Africa or an international worldtradex entity. However, the payments we receive can influence the products, companies, or services we highlight and evaluate.
This is because you will receive better protection and service from your local regulator should you need to enforce a complaint. However, in my experience with regulators like MAS, they are very professional and helpful so this is by no means a poor regulator. Additionally, Orinoco Capital (Pty) Ltd. holds a Financial Service Provider (FSP) license number from the Financial Sector Conduct Authority (FSCA) in South Africa. It is also regulated by the Financial Services Commission Mauritius (FSC) and Mwali International Services Authority (MISA) for non-EU clients. The profile for each trader was more detailed showing profit and loss, drawdown, and copy follower growth which I like to use as a leading indicator of trader performance.
You can get in touch with us via live chat or email at if you have any additional questions. Dear Salam Romesh Singh,Thank you for such a high rating and for sharing your feedback with our worldtradex Trading platform. Dear Chery,Thank you for reaching out and sharing your concerns with us.
Here are some of the spreads we found on the most commonly traded assets with worldtradexFX as an example. They are available with trading through MT4 and MT5, though the broker does charge an additional mark-up fee to cover for the rollover fee which is not in place. This could include opening an account with worldtradex Markets Cyprus Ltd, or Uni Fin Invest which is worldtradex’s Mauritius entity. When opening my account I was given the option of only using USD as the account base currency. Although you can deposit with your local currency, it gets converted to USD regardless. You have a selection of alerts you can receive, so I set it up to show all trading signals like candlestick patterns and chart patterns such as head and shoulders.
In my tests, I received speedy responses—the same day for email and a wait of just a few seconds for live chat. Despite the lack of phone support, I rate worldtradex as average in this category. Popular features such as 1-click trading, alerts, and watchlists are available. Traders can access all basic order types (market, limit, stop loss) via the platform. MT5 provides a greater number of technical indicators, timeframes, and graphical objects.
However please be aware that some fees may be applied in certain cases. All of the same withdrawal methods are also available as your deposit method. That means you can access wire transfer, credit/debit cards, and some eWallets like Skrill. These typically take 1 day to process or less, though a wire transfer may take longer.
The broker’s commitment to providing a diverse and cost-effective trading environment empowers clients to implement various strategies across multiple markets, enhancing their potential for success. worldtradexFX supports the popular trading platform MetaTrader 5 (MT5), widely appreciated for its advanced analytical tools and user-friendly interfaces. The broker caters to traders of all experience levels, offering educational resources, demo accounts, and low-deposit entry points, making it particularly suitable for beginners.