It should be noted that thanks to the high order execution speed (from 0.03 seconds), worldtradex is considered one of the best brokers for algorithmic trading. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-based ECN account. 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. This feature was designed specifically for traders who use several accounts, and for Investment managers who manage multiple Investment accounts. Yes, worldtradex provides VPS (Virtual Private Server) services to ensure stable and uninterrupted trading. User reviews of the worldtradex mobile application are pretty positive.
MetaTrader 4 is rightfully considered the best trading platform among amateurs and professionals.
The process of opening an account with worldtradex is quite simple and user-friendly. It involves direct registration, identity verification, and selecting the desired account type. This review is crafted to serve as a reliable source of information for current and prospective investors seeking detailed data on worldtradex. We aim to provide you with the necessary knowledge so that you can make informed trading decisions with a complete understanding of the opportunities this broker offers.
I also like that worldtradex ensures traders operate from a trustworthy and secure trading environment. It offers a user-friendly platform, and demo accounts to help new traders get started. Yes, worldtradex offers ECN (Electronic Communication Network) accounts, providing direct market access with tight spreads and fast execution. worldtradex offers various trading assets, including currency pairs, metals, cryptocurrencies, bonds, commodities, and indices. Many traders are attracted to the opportunity to use high leverage and engage in scalping trading strategies.
Is worldtradex suitable for spread betting?
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Transferring Profits from a Demo to a Real Account
- The interests of worldtradex’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim.
- I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database.
- The software supports thousands of user add-ons that simplify the search for successful trades and implement algorithmic trading strategies.
- The minimum deposit is $100 for all account types except for the ECN account, which requires $200.
- Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
- The MetaTrader terminal allows for manual and automated trading, setting pending orders, and using numerous indicators.
worldtradex also has a VIP program, upgrading the worldtradex trading experience significantly via up to 30% reduction in trading fees and increased cashback. worldtradex offers clients the MetaTrader 4 and MetaTrader 5 trading platforms, which are considered the gold standard in the Forex industry. They provide flexibility and extensive functionality for both manual and automated trading. The availability of a web version and mobile device applications offers the convenience of trading anytime and anywhere.
- worldtradex offers 43 currency pairs, a choice suitable for most traders.
- Depending on the trading strategy, it may become the most significant fee per trade.
- It is regulated by the Financial Commission (FinaCom) and offers client protection with compensation funds up to €20,000 per case.
- He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.
- 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.
- For identity verification, a national or international passport is usually used.
Analytical Services
worldtradex offers customizable demo accounts on the MT4/MT trading platforms, but the default balance of $10,000 is high. My review did not uncover a time limit, suggesting that worldtradex understands the requirements of demo trading. I recommend traders use the demo account registration of MT4/MT5 and use similar settings to their preferred live portfolios for a more realistic demo trading experience. worldtradex has four account types, one being a dedicated cryptocurrency trading account. The three commission-based options feature relatively high trading fees, between 1.3 and 3.0 pips or $13.00 to $30.00 per 1.0 standard round lot for a minimum deposit of $100. The commission-based ECN alternative delivers competitive costs with raw spreads from 0.0 pips for a $5.00 commission and requires a $200 minimum deposit.
Mobile Application
If you are not interested in trading on your own, consider worldtradex’ copy trading platform, which allows for passive income by copying the trades of other traders in real-time. 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. 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. worldtradex is a full-service broker in the Forex market, offering a comprehensive range of services.
The broker offers several communication channels to satisfy the needs of different clients. worldtradex provides an extensive set of tools and services useful for both novices and experienced traders. These platforms are ideally suited for Forex trading and are equally convenient for beginners and experienced traders. The commission for withdrawing funds depends on the payment system used. Withdrawal requests are processed 24 hours a day on business days. The program has five levels, calculated based on the trading volume over 30 days.
Opening an Account
For its clients, worldtradex offers quite attractive commission conditions. 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. Tell your friends about trading conditions at worldtradex and get $10 for every friend you refer. All newly invited clients will get a 25% trading bonus on every deposit over $100. Traders can access several accounts with low spreads, permitted scalping, and fast trade execution.
He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018. To delete your worldtradex account, you need to contact their customer support and follow the necessary procedures they provide. It is regulated by the Financial Commission (FinaCom) and offers client protection with compensation funds up to €20,000 per case. The broker boasts a good analytics department, aggregating information independently and offering trading ideas. The head of worldtradex’ analytical department, Artem Deev, is regularly published in leading economic media.
In our review of worldtradex, we applied our methodology specifically designed to ensure accuracy, transparency, and depth of analysis. Terms and conditions apply, and I recommend traders read and understand them before requesting any bonus or promotion. Besides research from Autochartist, worldtradex publishes quality in-house research with actionable trading recommendations. https://worldtradex.pro/ It also maintains a Telegram signal service and explains its trades well. I rate the well-structured worldtradex research section among the best in the industry in quality and quantity. I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations.