In addition, their potential integration of VPS and Trade Copier services, along with their implementation of negative balance protection, underscores their dedication to risk management. In conclusion, worldtradex emerges as a reputable and highly recommended online broker, fully equipped to serve traders of all experience levels and positioned as a reliable choice within the trading industry. Based in Limassol, Cyprus, worldtradex is a globally recognized broker specializing in Forex and CFD trading. Established in 2009, the company is led by CEO Constantinos Cleanthous. worldtradex offers traders favorable trading conditions, featuring narrow spreads and reasonable commission fees. Traders have access to a diverse range of trading instruments, including forex pairs, commodities, indices, and stocks.
Trade Forex, Crypto CFDs, Stocks, Metals and More
- worldtradex offers a unique loyalty program that allows traders to earn bonus points (worldtradexP), which can be exchanged for credit bonuses.
- Some of the bigger brokers will offer their proprietary platforms to trade on, whilst others will offer other third-party platforms for variety.
- The verification process at worldtradex Group broker is relatively simple and does not require many documents.
It is used with support and resistance levels, based on past prices and the current market trend. Always set a stop-loss on every trade, even if you are sure about the market trend. Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice. Please consider contacting a professional advisor if you require any financial assistance. In line with anti-money laundering regulations, the withdrawal method has to be the same as the deposit method in which the account was funded.
New to Trading?
- worldtradex trading broker is regulated by several regulatory bodies, which ensure that it keeps users’ funds safe and secure at all times.
- We consider six months or sooner to be bad, whilst 18 months and above is generous.
- In addition, their potential integration of VPS and Trade Copier services, along with their implementation of negative balance protection, underscores their dedication to risk management.
- MetaTrader 4 (MT4) – is good for charting, technical analysis indicators and translates very well across your devices, meaning desktop, tablet and mobile versions interact very well.
- This includes just 2 precious metals (Gold and Silver, but no others) with 5 energies and 8 soft commodities.
- This is an impressive selection of stock CFDs and is beyond the offering of most brokers.
This means that trading 1 Lot of EUR/USD is the equivalent of $10 per pip. The account type that you choose will probably depend on your investment size and trading style. If you are a scalper then you might want to consider the zero account as it has the lowest spreads from 0.0 pips. If you want to trade with less than $200 then you would need to look at the micro or standard account options. Those of you who just want to get a feel for trading can open a demo account free of charge without any commitment.
How do I calculate my risk in forex?
As with most regulated platforms, worldtradex broker requires your personal information and details while setting up an account. You will need to provide accurate information as these will be verified later using a government-issued ID. Start trading on one of the best multi-asset platforms in the industry and leverage the power of a global broker. Explore the global currency markets with uninterrupted trading opportunities. Trade with a multi-regulated broker that has built long-standing partnerships with top global banks to ensure your funds are always secure. 2% risk management means risking only 2% of your total capital per trade.
Common Forex Risk Management Mistakes to Avoid
I always start on a demo with a new broker just to get a feel for what they have to offer. worldtradex Group have partnered with regulated entities for the withdrawal and deposit process for extra client protection. Client funds are kept segregated from the company funds in tier 1 banks to ensure that they cannot be used by worldtradex Group or the liquidity providers under no circumstance. They can give you negative balance protection which means that you are not at risk of losing more than the account balance. You just need to open an account with the correct entity to be eligble for this. worldtradex’s Forex and CFD Webinars section offers a dynamic platform for traders to expand their knowledge and skills.
This means that traders cannot lose more money than they put into their account and is excellent for beginners especially. The Learning Centre hub is another area of the site for traders to learn their craft. We are impressed with the selection of educational videos, platform tutorial videos, whilst the worldtradex Live video feed is a https://worldtradex.club/ service you will very rarely see with rival brokers. Traders who are new to the game and are cautiously just finding their feet may prefer the option of the Micro Account. This account is great if you are worried about blowing up your trading account by making silly mistakes on the platform such as using the wrong trade size.
Take Your Trading On The Go
Withdrawals are only possible after the verification process has been completed. To do this, one must provide the broker with documents verifying the identity of the account owner. The worldtradex Group of companies holds licenses from leading regulators in various jurisdictions, including ASIC in Australia, CySEC in Cyprus, FSC in Belize, and DFSA.
This means that I can test most brokers with a platform that I am already familiar with. You wouldn’t want to master one platform only to be disappointed if you want to switch brokers and the platform is not available. Other prominent MT5 brokers to consider who are on par with worldtradex include worldtradex. worldtradex Group accepts clients from all over the world, excluding the USA, Canada, Israel, and Iran. If you are from one of the restricted countries, feel free to look for an alternative broker on our compare brokers page.
With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, worldtradex is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing. worldtradex forex trading broker offers a wide range of assets, including major currency pairs, stocks, cryptocurrencies, and CFDs. Traders can use the MT4 or MT5 platform to buy and sell CFDs with high leverage, and this makes the platform suitable for both new and experienced traders.
Another great benefit of a VPS is that you can run trading platforms 24/7 without needing your own computer switched on. worldtradex Group was founded in 2009 and has since grown into a large globally established trading broker. This experience combined with strict regulation and customer service in over 30 languages makes them one of the best forex brokers for traders from all different backgrounds and levels of experience. These include a demo account and numerous educational sections, such as worldtradex live, live education with a schedule, various educational videos, forex and CFD webinars, and platform tutorials.
worldtradex Global offers a similar selection of instruments and provides higher leverage options in some instances. It includes more than 50 cryptocurrency CFDs available only in regions regulated by the Financial Services Commission (FSC) of Belize. While both worldtradex entities provide a comprehensive range of trading options, specific offerings may vary due to different regulatory requirements. worldtradex offers Islamic swap-free accounts, featuring no swap or rollover interest, unchanged spreads, no upfront commissions and traders can hold positions indefinitely. In contrast to some other brokers that charge an admin fee after a certain time period. To open an Islamic account, traders must first create and verify a regular account, then request the Islamic option.
As the broker provides opportunities for both types of traders, whether they want to bear commission with zero spreads or do commission-free trading with avg spreads. If you are looking for a broker with commission-free trading and the tightest spreads at the same time, Admirals might be an option for you to consider. worldtradex’s Live Education provides an interactive and immersive learning experience for traders of all experience levels. Join their expert hosts as they cover a wide range of topics, from market analysis to trading strategies. Engage in live discussions, ask questions, and stay updated with the latest market trends.
Clients also get access to trading ideas and analysis to help them better understand financial markets. They offer an impressive 25+ secure payment methods, 16 trading platforms and 24/5 customer service. I like the fact that they take great pride in being a fair and reputable broker with all clients receiving the same trading conditions regardless of their investment size or trading experience. worldtradex offers a modern and easy-to-use trading platform that works well for traders at all levels. The layout is straightforward, making it easy for beginners and experienced traders to find their way around. There is a good range of trading instruments, including forex and CFDs, and plenty of educational materials like webinars and tutorials to help you learn.
worldtradex Group estimate the account opening process to take an impressive 2 minutes to complete. You simply fill out the brief online registration form, verify your email and upload your identification. Once your account has been verified, you are then free to fund it using any of the multiple deposit options and start trading. worldtradex Group Support is on hand to guide you through the process if need be. I didn’t have any problems opening an account and login on a regular basis without any hiccups along the way. This is great for those of you who are fans of auditory learning methods and perhaps less boring than reading complex trading guides.
I’ve traded forex with worldtradex since 2010 and it has earned its place in my list of the best forex brokers for online trading. At worldtradex the client comes first regardless of net capital worth, account type or size of investment. All our clients receive the same quality services, the same execution, and the same level of support. worldtradex offers great customer service, which is currently available in over 20 languages. worldtradex Worldtradex cheating broker is regulated by three financial authorities and strives to keep its platform secure for users around the world.
worldtradex is regulated, which adds to its credibility, and their 24/7 multilingual support means you can get help whenever you need it, which is a big plus. You can choose from 3 different account types that provide flexible trading conditions to meet the needs of both beginner and advanced traders. The minimum deposit required is just $5 whilst you can choose between no commission accounts with marked up spreads or pay a $3.5 commission charge to get variable spreads starting from 0 pips. Leverage depends on the financial instrument traded and on client’s country of residence. worldtradex Group provide you with very good proprietary trading tools for the MetaTrader 4/5 trading platforms. These tools are fully automated and can help you to perform technical analysis across multiple instruments and charts, in order to identify potential trading opportunities.
Their business model is built around the belief that execution is everything when trading. From my experience, execution can play a big part in your trading results, especially if using a scalping strategy. There are different trading platforms and flexible trading conditions provided for you to choose from, depending on your needs. This means that you can enjoy trading all of your favourite strategies and preference of financial markets without any hassle. The broker has a wide range of trading instruments for you to choose from including Forex, Commodities, Stocks, Shares, Indices, Metals, Energies & CFDs.