Traders must first create a Copier account and deposit funds into their Wallet. Following that, they can select specific Masters whose trading activities they can automatically copy, allowing them to profit from proven trading strategies. WorldtradexFX understands the complexities of trading and, as a result, caters its services to Emirati traders who adhere to Sharia Law principles. Therefore, WorldtradexFX designed an Islamic Account specifically for Muslim customers, considering their strict religious beliefs prohibiting interest transactions.
Processing times range from instant to a few hours, which is better than average for the industry. In line with the desktop version, the Worldtradex trading app is execution-focused. It provides a range of core services, including charting tools to help clients get into the markets with the right level of support. Worldtradex gives a high priority to analysis and education for both new and experienced traders to its platform, having won a couple of awards in 2023 for ‘best education broker’. All the background materials are of high quality, and the videos are supported on YouTube.
However, one should also consider WorldtradexFX’s fee structure and the requirements to access certain features, such as the VPS service, which requires a $500 initial deposit and a monthly trading minimum. Our findings also highlight that customer service is one of WorldtradexFX’s strongest suits, and it consistently receives positive feedback for responsiveness and efficiency. However, some traders have expressed a desire for more in-depth assistance, indicating room for improvement. However, while customer service is generally praised, there have been rare reports of traders desiring more thorough instructions. Furthermore, Emirati traders have complete control over the withdrawal of their accrued rebates based on the withdrawal options available.
How to withdraw Funds from WorldtradexFx
The support team is recognized for its prompt response times and ability to address concerns in multiple languages, reflecting WorldtradexFX’s commitment to serving its global client base. There is high-quality and free analytics such as market analysis, Forex news, Worldtradex official site and real-time quotes. A platform for copying trades with the ability to control risks is available. Trading on a demo account is an opportunity to test all the theoretical knowledge gained by using the demo account which does not allow financial losses. We have compared the range of assets and markets supported by Worldtradex with its competitors, making it easier for you to find the perfect fit.
Is the WorldtradexFX trading platform user-friendly?
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 broker claims to offer competitive spreads as compared to other forex brokers. Depending on the market’s volatility, clients can expect to pay a minimum spread of 0.6 pips on trading pairs like GBP/USD and EUR/USD. Commodities like Gold and Silver are on the other hand, tradable on spot for a minimum spread of 1.9 pips and 2.0 pips respectively.
It is possible to trade forex, metals, soft commodities, single stocks, indices, energies and a choice of five cryptocurrencies. The MT4 account demonstrates the limited selection by only offering four stock indices (AUS200, GER30, NAS100, US30). Forex pairs, metals, indices, energies and cryptos are all available, but traders looking for single stock names will be disappointed. With less than 100 instruments on offer, there is no space for the more complex instruments such as options found in the quieter corners of the financial markets. Worldtradex ensures secure, commission-free deposits and withdrawals through a wide variety of local and international methods.
The service is designed to be user-friendly, meeting the needs of both novice and experienced traders. It allows traders to earn consistent profits by replicating the most profitable strategies available. WorldtradexFX provides Emirati traders with a demo account tailored specifically to their requirements. The platform strives for realism by accurately simulating real-world trading situations and providing learning opportunities that closely reflect current market conditions.
Trading Platforms
Yes, Worldtradex offers a mobile app that enables clients to trade and manage their accounts while on the move, ensuring a smooth trading experience from anywhere. Yes, Worldtradex provides a demo account, allowing new traders to practice trading without the risk of real money. It’s a great way for beginners to get comfortable with the platform and the trading process. The minimum deposit to begin trading with Worldtradex depends on the account type.
The Copy Trader account area requires separate funding and comes with its own dedicated app. The app has been downloaded more than 5 million times, with a 4.5 star rating out of 5, which is impressive indeed. Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com.
- A high percentage of retail investor accounts lose money when trading CFDs.
- Five bucks with Skrill, but gotta have a whopping $350 for a bank transfer in India!
- Very best broker all over the world, zero swap ,zero commission, fast deposit and withdraw, very quickly support, Thanks Worldtradex Fx.
- Robust charting is provided by TradingView, featuring 11 time frames, 11 chart types, and over 100 technical indicators.
- Worldtradex clients can make deposits and withdrawals via bank wire, credit card, digital wallet, and cryptocurrency.
- Worldtradex holds just one Tier-1 license and one Tier-2 license, resulting in a grade of “Average Risk” within the ForexBrokers.com Trust Score rating system.
Opening an Worldtradex Account
This value-added feature enables traders to run their automated trading strategies 24 hours a day, seven days a week, without relying on the availability of their devices. The AutoChartist plugin for MetaTrader is available to clients with $1,000 or more in their accounts. The Autochartist plugin for MetaTrader provides real-time trading signals to your terminal, shows chart patterns and trends online, and allows you to receive daily Market Reports via email. Over a week-long testing period, I probed customer support with dozens of inquiries, ranging from available tools to fees and questions relating to the security of client accounts. I was surprised at how fast the responses were, and the agents went the extra mile to provide the information I sought.
How is the bonus applied to my account?
- These apps are available for Android and iOS, offering full account management, charting tools, and execution features.
- With daily payouts and bonus incentives, it’s a rewarding option for traders looking to monetise their network.
- This allows less experienced traders to learn from and imitate the trading strategies of successful traders.
- According to a member on Reddit, WorldtradexFX occupies the security commission’s list of platforms to avoid.
- By pressing ‘set up copying’, the orders of the Master Trader will be copied automatically.
If necessary, they will provide additional instructions or information. Once your account has been funded, you can begin trading Forex and CFDs with WorldtradexFX’s trading tools and features. This particular account boasts of an array of remarkable features encompassing astute and well-informed traders seeking to push their level of expertise beyond its current limits.
A lot of brokers consider them mutually exclusive, so only offer one, if any at all. Worldtradex stands out for its fee-free and speedy deposit/withdrawal system. With versatile payment options and a 50% deposit bonus on every top-up, it offers convenience, cost-effectiveness, and extra value for every trader. Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money.
Electronic access and communication is also protected by a ‘SSL-secured Personal Area’, which has 128-bit encryption, and makes your browsing safe and your data inaccessible to any third parties. Worldtradex offers 5 crypto markets like bitcoin, ethereum and litecoin — this is a limited range. On the upside, those markets that are available are traded using the MetaTrader platforms, so at least the quality of service is guaranteed to be high. The Pro account uses the MetaTrader MT5 platform and offers a wider range of markets than the Micro account https://worldtradex.pro/ and spreads also tend to be a little tighter. Spreads can be as tight as 0.0 pips and those who go with the ECN/STP processing option will be provided with exceptional flow quality and reduced slippage. Jeff Anberg is a Senior Editor at BrokerNotes.co and ForexBrokers.com.
The platform offers a diverse range of options for portfolio diversification and increased earnings, with over 10,000 Masters. In addition to the Affiliate Program, WorldtradexFX offers a Master Trader IB program for traders with a large network. This initiative allows traders to earn commissions from direct client referrals and from the profits made by the Introduced Brokers (IBs) they introduce to the network. WorldtradexFX is financially competitive, particularly in terms of spreads on instruments such as EUR/USD. It provides in-depth research conducted by in-house analysts and access to third-party tools such as AutoChartist. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.
Worldtradex offers the popular MetaTrader 4 and MetaTrader 5 platforms across desktop, web, and mobile. These platforms provide robust charting and a wide range of order types and enable automated trading. The web-based WorldtradexTrader platform is a beginner-friendly and convenient alternative. BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups. The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following. The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners.