The one thing that MT4 is quite suitable for is automated trading because it is not dependent on the execution of precise technical Worldtradex official site analysis. worldtradex is still a relatively new broker, having been established just a couple of years ago. Hence, the company is still working on developing a strong brand name that is trusted internationally. It is currently licensed and regulated by a single regulatory body – the FSA of Seychelles, which requires brokers to ensure segregated funds and negative balance protection. However, there is no cap on the maximum retail leverage, and no compensation scheme has been put in place.

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This caters to the needs of speculative traders looking to exploit sudden outbursts of volatility in the price action. However, there are no lower-risk securities like bonds and ETFs to be used for hedging one’s overall market exposure. My tests indicate that worldtradex’s trading fees exceed the industry average.

Tradable Assets

Leverage our MT4 or WebTrader to advance your trading acumen, benefiting from access to over 300 tradable instruments encompassing six distinctive asset classes, all consolidated on a singular, coherent platform. Our ethos is intertwined with fairness, transparency, and unwavering integrity. We continuously strive to align our services and offerings with the evolving needs of our diverse clientele, ensuring a support system that aligns with their trading aspirations. Our team embodies a perpetual commitment to equitably democratize market access for every trader.

• “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning.
• The cost of trading here isn’t high… as a beginner starting with the cent account might be a good step, so money is managed well.
• Therefore, client support and seamless access to educational materials are key.
• In case the client’s account balance is below $50 (or currency equivalent), the company will charge any remaining balance and archive the client’s account.

What Payment Methods Are Available on worldtradex?

However, the broker offers a swap-free account option for Islamic traders who want to trade but cannot earn or pay interest due to their religious beliefs. The competitiveness of worldtradex’s fees depends on the asset classes traded. For instance, I found the combination of commission-free trading and generally low spreads on share CFDs extremely favorable. I found out that the live spreads listed on the website correlate to the actual price quotes on the platform, underpinning worldtradex’s high level of fee transparency. I also discovered that the broker has a ‘best execution policy’, guaranteeing that traders’ orders will be filled under the most favorable price quotes under the prevailing market sentiment. As cyber threats evolve, worldtradex continuously updates its security protocols to address emerging risks.

With a deep liquidity pool in futures trading, traders can take large positions without worrying about slippage. Deposit and withdrawal processes are protected with the latest SSL encryption and other security technologies. As the broker is regulated, clients should complete their KYC that is in line with the Seychelles Financial Services Authority. The broker’s low spreads make it one of the most competitive brokers in the market. worldtradex offers a versatile choice of spreads, which can cater to the distinct preferences of both novice and professional traders.

Only the Privilege account type comes close to the average, but to qualify for this account type, you need to deposit at least $10,000. I have compiled the table below to help you better understand the difference between the trading fees on worldtradex’s several account types. It illustrates the spreads and commissions I have recorded on the EUR/USD pair for each account type. The table shows how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD with a pip value of $10. My tests indicate that worldtradex’s swap charges meet the industry average. They are thus suitable for the execution of longer-term trading strategies, such as day and position trading.

I also appreciated the vast amount of over 150 written articles that are available from worldtradex’s blog section of the website. When we test a broker’s customer support team, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. worldtradex’s mobile app affords traders quick and easy access to the market on the go.

Therefore, client support and seamless access to educational materials are key. worldtradex uses SSL (Secure Socket Layer) encryption algorithms to protect traders’ data during transmission. This advanced encryption secures any and all connections between client devices and the online broker’s servers by making them private.

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Our commitment is anchored in fostering a vibrant and adaptive environment, laden with all essential tools pivotal for a comprehensive trading experience. Accessible to everyone, regardlessof their knowledge of the financial markets or background, worldtradex’s resourcecentre provides a stepping stone for traders of all levels. Accessible to everyone, regardless of their knowledge of the financial markets or background, worldtradex’s resource centre provides a stepping stone for traders of all levels. We are truly sorry to hear about the challenges you’ve faced and understand how inconvenient this must have been.

We unveil a diverse spectrum of financial instruments, platforms, and account types, optimizing convenience in your trading endeavors. worldtradex is a well-established online trading platform that offers a compelling range of features and benefits to traders. With its robust regulation by the Seychelles Financial Services Authority, diverse account options, flexible spreads, and an array of educational resources, it stands out as a competitive choice in the trading industry. Upholding strict regulatorystandards, the online trading industry leader ensures its clients’ funds arealways safe, keeping them in segregated accounts maintained with top-tier banksworldwide. This practice is in line with global regulatory standards forinvestment service providers, guaranteeing that client assets remain secure andaccessible at all times, being clearly separated from the company’s funds.

The leverage level can be adjusted to suit the specific requirements of traders, allowing them to take control of their trading strategies. For instance, a forex trader with $250 in their account can take a position worth up to $250,000 through leveraging. worldtradex also provides a negative balance protection policy to ensure that traders’ funds do not go below zero.

worldtradex’s Desktop MetaTrader 4 Platform

In most cases, payments to and from worldtradex accounts are free of charge, though third-party banking fees may apply. The only time the broker may charge a $55 handling fee is for withdrawals below $300. worldtradex does not charge a handling fee for deposits and withdrawals, though third-party banking fees may apply. The broker has also issued a 3% inactivity fee that is charged whenever a client has deposited funds and then requested a withdrawal without having executed a single trade. Established in 2021, worldtradex is an emerging CFD broker based and regulated in Seychelles, serving traders globally.

• By fostering education andsecurity, the broker stands as an example for new entrants to the Forex and CFDspace, raising the standard for account security and traders’ protection.
• However, it’s essential to recognize that while worldtradex’s range of investments is extensive, it may not have as many exotic or niche assets compared to some other specialized brokers.
• However, as a trader who relies heavily on precise technical analysis, I am highly skeptical of MetaTrader 4.
• They responded fairly quickly to my question about the inactivity fee policy but struggled to explain their execution model.

worldtradex Reviews 873

Rebate programs, where traders can earn rebates based on trading volume, can be attractive for high-volume traders. It’s worth noting that it is not explicitly mentioned whether worldtradex offers a rebate program, so it’s advisable for interested traders to contact customer support for specific details on any such programs. This ensures that worldtradex’s investments are available on both desktop and mobile platforms, making it convenient for traders to access the markets wherever they are. No matter which account you choose, you’ll have access to over 300 tradable instruments across six asset classes. Plus, you’ll be trading on the industry-leading MetaTrader 4 platform, known for its fast execution and robust features.