Whether you’re a beginner with WorldTradexTrader’s market analysis tools, automate your trades with MT4’s EAs, or day trade with depth of markets tools on MT5 there is something for everyone. Education at WorldTradex consists of nineteen topics under Forex Basics. They consist of quality written content, charts, and some include numerous videos. While often brief, the content has educational value and offers new retail traders an excellent introduction to trading. The Tutorials section focuses on WorldTradex – specific guides, and Video Tutorials cover MT4/MT5, the personal area of WorldTradex, and WorldTradex Copytrading.
Not only does this reduce your trading costs for longer-term positions but it won’t force you to close a position before being charged a swap. It includes charting tools, market indicators, scripts and EAs, advanced risk management, real time market execution and more. From over 3340 systems available on WorldTradex’s copy trading offering, 630 providers were profitable in the last three months or about 18% of all strategies.
You also have a https://worldtradex.world/ track record of the trader’s order history, giving you a transparent insight into the trader’s performance. Another decent addition I found on MT5 is the native economic calendar which shows the times of upcoming economic announcements that can impact your trades. I like that it updates in real-time and displays on your charts which I found useful to avoid opening trades during high-impact announcements like US GDP or Non-farm Payrolls.
“Trading service the way it should be”
- All of the materials are of high quality and cater to beginners, intermediate and advanced traders.
- WorldTradex secures client funds by using segregated accounts, which ensures that deposits are kept separate from the company’s assets.
- Check out my picks for the best mobile trading apps in the industry.
- The fact that WorldTradex offers an almost institutional-grade trading experience doesn’t mean beginner traders are in any way disadvantaged.
- If you would like to add details to this online WorldTradex or you find inaccurate details WorldTradex broker review please get in touch with us and the changes will be applied.
- Yes, WorldTradex uses SSL encryption to protect personal and financial data, making sure that sensitive information remains secure and inaccessible to unauthorized parties.
I prefer seeing a broker regulated by multiple authorities, especially local regulators where clients are accepted such as CySEC. However, I would like to see other Tier-1 regulators like the Australian Securities and Investments Commission (ASIC) or the Monetary Authority of Singapore (MAS). The platform also has 38+ indicators featuring Ichimoku and RSI, while increasing the number of timeframes to 21 for better customisation. Additionally, you have excellent drawing tools for price action analysis like Fibonacci or Gann tools which I couldn’t find on the WorldTradexTrader platform. I find MT4 makes it easy to customise your charts with 9-time frames from day to tick charts and 3 chart types including bar, candlestick and line. This lets you adapt your charts depending on your strategy, whether you use multi-time frame analysis or are a scalper with tick charts you’ll find it easy to switch on MT4.
These are two offshore regulators that allow WorldTradex to provide secure financial services in 180 countries. Amongst the new features and platform improvements, you can still automate your trades with MetaTrader 5 and Expert Advisors. If you are interested in automating share CFDs, MT5 is the only platform on WorldTradex to provide this. If you want to see how WorldTradex’s spreads compete with other Malaysian brokers, I created a simple trading cost tool that you can use. The spreads on the MT5 account were stable in my tests during the New York and Asian trading sessions. While monitoring the spreads the broker’s EUR/USD spread fluctuated between 0.80 and 0.90, which is slightly more than the minimum advertised.
Most Reliable Broker Asia 2023
The firm has a strong foothold in the Asian market through its offering an outstanding trade execution service that appeals to traders from all corners of the world. WorldTradex offers competitive commissions and fees, including a low average EUR/USD spread of 0.9 and no inactivity fees. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Founded in 2011, WorldTradex holds a regulatory license in Europe via its Cyprus-based entity – WorldTradex Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC). In South Africa, WorldTradex provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA).
WorldTradexTrader is simpler, focuses on ease of use, and includes helpful features like Space, which provides market insights and trading ideas. Yes, WorldTradex offers commission-free access to financial markets, allowing traders to focus on their investments without worrying about additional trading fees. Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies. “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning. The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” This long running outfit has played a great service to would be new comers to find a legit forex broker.
What types of trading instruments does WorldTradex offer?
WorldTradex is a trusted broker that offers Contracts for Difference (CFDs) and competitive spreads across 300 trading instruments. This WorldTradex review aims to give a clear view of the broker and its services. We hope, with these insights, anyone interested in WorldTradex trading opportunities could decide whether to invest in them or not. Users from all over the world have traded in the financial markets using our platforms and mobile apps. Therefore, it is doubtful that the ‘WorldTradex scam’ is a correct evaluation of the our activities.
THEY ASK FOR MONEY FOR REVIEW !!!!!
- He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
- 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’s diverse selection of trading instruments, ranging from currency pairs and stocks to commodities and cryptocurrencies, makes it a versatile platform suited for a variety of trading strategies.
- It’s possible to access the WorldTradex services while on the move by using the WorldTradexTrader app, MetaTrader app or through internet browsers.
- In addition to its diverse selection of instruments, WorldTradex is dedicated to empowering traders with the tools they need to succeed.
He has also published a book in 2023 on on investing and trading. 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.
WorldTradex acts in full compliance with international legislation and regulation standards and guarantees fund security and negative balance protection to their clients. Guaranteeing fairness, spreads on MT4 and WorldTradex MT5 are now equal. On both platforms, the normal spread on the highly traded EUR/USD currency pair is a minimum 0.6 pip. While WorldTradex MT4 provides 71 instruments to suit different trading tastes, WorldTradex MT5 delivers an impressive 252 instrument count. NBP — the WorldTradex management/trade order system ensures that the client cannot lose more than the initial deposit in their account. Even if a position ‘gaps’ in extreme market conditions, then the client will lose the funds in their account by no more than that.
Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status. I was also pleased to see a risk score assigned to each trader, to help users differentiate between traders with historically conservative results versus those that have had more volatility and risk. It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page.
Products and Assets Offered by WorldTradex
Please note that the negative balance protection does not include any debt payments from the client. Therefore, our clients are protected from losses beyond their initial deposit. WorldTradex allows you to execute a maximum trade of 500 Lot for MT5 account. As WorldTradex offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades. WorldTradex is an umbrella brand used by two independent broker entities.