Trading is offered on multiple assets, including commodities, indices, metals, futures, shares, and over 80 Forex pairs, a larger range than is typically seen at other brokers. For those of you who are of Muslim faith, I am pleased to say that the broker does have swap-free accounts which comply with Sharia law. It’s great that they serve clients from all different backgrounds and with different religious beliefs. However, as with demo accounts this is something that you would expect from all brokers nowadays.
worldtradex’s research and analysis materials are more comprehensive than its education section, but compared to other large international brokers, are still lacking. The four-step account opening process is fully digital and accounts are generally ready for trading in one day. worldtradex offers individual, joint, and corporate accounts, but we will focus on opening an individual account. Overall, because of its strong regulation with some of the best international, a long history of responsible behaviour, and wide industry acclaim, worldtradex is considered a safe broker to trade with. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.
Live Floating/Live Fixed Spreads
worldtradex’s competitive trading environment, coupled with comprehensive educational resources for beginners, positions it as a strong choice for traders seeking an industry leader with favorable conditions. worldtradex also offers futures trading, allowing traders to speculate on the Worldtradex scam future price of assets such as commodities, indices, and currencies. Futures trading is suitable for traders who are interested in diversifying their portfolios and taking advantage of market trends.
- The broker offers gold and silver CFDs denominated in EUR and USD so that traders whose accounts are also denominated in the same currencies do not have to pay a conversion fee.
- Additionally, the broker provides a Personal Multi-Account Manager (PMAM) platform designed for professional traders and money managers.
- For those interested in trading global stock market indices, worldtradex offers a wide selection of major indices, including the S&P 500, NASDAQ, Dow Jones, FTSE 100, DAX 30, and more.
- worldtradex provides a range of futures contracts with competitive trading conditions and access to advanced trading platforms to support futures trading strategies.
These e-books cover a wide range of topics, from understanding market mechanics to developing effective trading strategies. Traders can download these resources and refer to them at their convenience, building a strong foundation in trading knowledge at their own pace. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.
Is worldtradex Regulated?
The broker provides localized support and offers services tailored to meet the needs of traders in the Asian market. With high leverage options and multiple trading platforms, worldtradex continues to attract a growing number of traders from this region. For visual learners, worldtradex offers a library of video tutorials that explain key trading concepts in a simple and engaging manner. These videos cover the basics of forex trading, how to use trading platforms like MetaTrader 4 (MT4), and advanced trading strategies. The step-by-step guides make it easy for beginners to get started and for experienced traders to refine their techniques. Traders in Australia and New Zealand can also access worldtradex’s trading services.
- However, its dated and rugged design is inferior to newer and sleeker platforms.
- While day traders and scalpers should not have to worry much about swaps, those who use longer-term trading strategies can incur this potential extra charge.
- I must admit that the commission is not the lowest I have seen, but I also feel that the quality of the broker makes it worthwhile.
- When it comes to forex trading, worldtradex offers access to an impressive range of 120 currency pairs.
- We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews.
- We do not provide financial advice, offer or make solicitation of any investments.
worldtradex Broker Review
MT4 is perhaps the most popular online trading platform that is used by millions of traders across the world of all experience levels. It is very user friendly with an abundance of implemented trading tools for efficient markets analysis and trade management. MT4 has a short learning curve whilst there are plenty of online tutorials that can help to familiarise new users to the platform. worldtradex are renowned for their high-quality trading execution which they consistently look to improve by investing in technology advancements.
Additionally, multiple trading accounts can be registered through the worldtradex Client Portal, allowing for greater flexibility when managing different strategies or products. For traders looking to enter the rapidly growing world of digital currencies, worldtradex provides access to popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple. Trading cryptocurrency CFDs allows traders to speculate on price movements without owning the actual coins. With the high volatility of the crypto market, worldtradex offers advanced risk management tools to help traders manage their exposure. The broker also provides educational resources to guide traders in navigating the complexities of cryptocurrency trading.
worldtradex is one of the few brokers that offer traders the flexibility to choose between fixed and floating spread accounts. The worldtradex trading platforms are designed to facilitate a practical, powerful and efficient trading experience. Bespoke technologies empower our clients to trade with precision, without slippage and re-quotes.
Islamic Accounts
As a large international forex broker, worldtradex offers a variety of support resources. You can find instructions for using the MetaTrader 4 platform on worldtradex as well as numerous outside resources. For support specific to worldtradex, you can find support 24/5 with a live chat and the option to request a callback from any page on the website.
worldtradex provides a range of futures contracts with competitive trading conditions and access to advanced trading platforms to support futures trading strategies. worldtradex offers a variety of commodities for trading, including precious metals, energy products, and agricultural goods. Trading commodities can provide traders with opportunities to hedge against inflation or take advantage of global economic trends. worldtradex ensures efficient execution and offers leverage options to suit different trading strategies. The broker’s advanced charting tools and analysis features on MT4 make it easier for traders to make informed decisions when trading commodities.
The high quality of their services has been acknowledged by the numerous international awards that they have won over the years. If you are looking for a reliable trading broker with everything that you need in once place and much more, worldtradex are a top choice. The broker’s advanced trading platforms, competitive spreads, and risk management tools ensure that traders can trade efficiently and confidently across multiple asset classes.
worldtradex’s educational materials are limited compared to other large international brokers. worldtradex supports two execution models and a range of account options – four instant execution accounts and three market execution accounts. There may be fees charged when using certain payment methods but I generally found them to be negligible. Of course, if you are moving large amounts then you might notice more of a difference.
This means that they must comply with stringent national and international regulatory authorities and demonstrates their commitment to maintaining high business standards and ethics. Trading with a regulated broker can give clients confidence peace of mind that they have full security, by using a company that operates with the upmost transparency and integrity. I would personally have no issue in trusting them with my funds and can therefore trade without worrying. worldtradex is among the most popular trading platforms found around the world, and it is an excellent choice for many traders. Although, their popularity in Japan is not so good after a bad breakup with the Japanese market to satisfy FSA regulations (which they were unable to attain).
The IronX Exchange is a world-class, regulated cryptoexchange that lets you trade a variety of digital coins. You can also perform fiat-to cryptocurrency conversions, and leverage options are available for traders. worldtradex offers the standard out-of-the-box MT4 platform together with an upgraded package labeled MT4 Advanced.
It introduces traders to the broker’s services and allows them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself prior to or alongside your live CFD account. While it provides competitive spreads on certain instruments like TSLA, its spreads on EUR/USD and GBP/JPY are higher than the industry average. On the positive side, deposits and withdrawals are free, and the broker’s inactivity fee is relatively low. worldtradex offers an extensive choice of Contract for Difference (CFD) instruments.
A drawback for beginner traders considering worldtradex is the lack of educational and market analysis materials available, forcing traders to self-educate with other third-party platforms. Alison Heyerdahl is the Head of Content at FxScouts and a financial writer with extensive experience in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast to help traders make informed, safe decisions. The broker provides you with top class global customer support in over 30 different languages. Friendly representatives are hand to answer all of your questions 24 hours a day, 5 days a week via phone, email, and online chat.
