To keep your prize lots active, you must trade at least once every 30 days. WorldtradexFX’s no-fee policy for deposits and withdrawals, combined with its competitive spreads and high leverage, creates a cost-effective trading environment. Comprehensive customer support and a wealth of educational resources add value, empowering traders to make informed decisions. As for their educational resources, they’re good for newcomers, but traders with more experience might look for more advanced materials. After providing some suggestions, I noticed improvements, which shows they’re actively listening to their clientele.

What account types are available with Worldtradex?

• By tracking behavior, analyzing trading patterns, and delivering personalized insights, it empowers users to fine-tune strategies and make more informed trading decisions.
• However, you can just create another one on a different trading platform—for free.
• We offer convenient portfolio management, transparent trading conditions, helpful educational materials, and easy-to-use service where nothing distracts you from making a profit.
• With versatile payment options and a 50% deposit bonus on every top-up, it offers convenience, cost-effectiveness, and extra value for every trader.
• WorldtradexFX, in its essence, is a globally recognized broker that extends its services primarily to clients in Asia.

The floating spreads for currency pairs involving the yen ranged from 1.9 to 2.6 pips, while major pairs (excluding EUR/USD) average around 1.5 pips. Spreads across different account types are similar, with WorldtradexTrader accounts offering slightly lower spreads for Forex. In 2022, trading over the weekend was allowed due to the rise of cryptocurrencies. After more than 10 years in the market, the company claims to have opened over 40 million accounts, received more than 70 awards, and paid out over 33 million USD in bonuses.

Trader-focusedplatform

Thus, I don’t harbor any reservations against WorldtradexFX in this context. Being inclined towards passive investment strategies, my interactions with WorldtradexFX’s offerings revolved largely around their copy trading service. While the utility of such a feature can’t be understated, especially for novices seeking to mimic the https://worldtradex.online/ moves of seasoned traders, it didn’t quite satiate my appetite. Copy trading has its merits, offering a modicum of safety and predictability.

Bonus and promotions

By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. Worldtradex (formerly WorldtradexFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. This account is meant for those with a goodunderstanding of Forex and a willingness to invest for larger profits.

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. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.

Worldtradex offers services through Orinco Capital (Pty) Ltd, primarily for clients located in Africa. This entity is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, which is a more stringent regulatory body, though not top-tier. Worldtradex Markets Ltd serves its clients in the Americas and other parts of the world and is regulated by the Mwali International Services Authority (MISA) in the Comoros. This regulation does not provide significant protection for consumers. On the positive side, it allows Worldtradex greater flexibility in leverage and instruments while still serving clients from around the globe. However, it does not provide Percentage Allocation Management Module (PAMM) accounts or Multi-Account Manager (MAM) services.

It also facilitates copy trading services and offers extensive educational materials. Additionally, the broker provides promotions and bonus programs, along with 24/7 customer support, aiming to enhance the overall user experience and sustain its global presence. Last year, I had the opportunity to engage with WorldtradexFX, albeit for a brief duration. On the whole, WorldtradexFX presented itself as a relatively standard broker, not standing out particularly but certainly not lacking in its offerings. In terms of trading conditions, WorldtradexFX is comfortably nestled within the industry average. They provide mid-market spreads which, while not exceptional, are in line with what one would expect.

Markets Available for Trade

With versatile accounts and a hassle-free setup process, WorldtradexFX offers an inclusive trading environment suitable for traders worldwide. 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. Yes, the app includes risk management tools like Balance Keeper and portfolio diversification.

The WorldtradexTrader platform launch

Both the user and any interested party can access this section to see the performance of accounts that have opted for public visibility. The economic calendar, pip calculator, and other tools are integrated within the app, while the web version contains links directing users to external pages. The “Space” section allows users to see posts on various topics directly on the web, but the configuration for the topics is set in the mobile app. Additionally, the Worldtradex platform features a one-click trading button that cannot be removed, which poses a risk since clicking it executes trades without confirmation. Alerts and each executed order are notified through browser notifications. One question that arises during the review is what happens with the bonus (credit) if the account balance falls below zero.

Trading Instruments

Whether you’re new Worldtradex cheating to trading or seeking passive income, this app streamlines investing while offering transparency, flexibility, and professional trader insights. It offers an intuitive interface, built-in market insights via “Space,” and seamless order execution – all within one streamlined platform designed to simplify trading from the start. Worldtradex turns your trading activity into tangible rewards with its exclusive gift program. Traders earn prize lots from closed trades and can redeem them for stylish gifts like power banks, smartwatches, smartphones, and even MacBooks, with free delivery. Log in to your online trading account or download the app and launch it to start trading. The global currency market is divided into four major trading sessions.

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. Worldtradex has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. Rather than specializing in any one field, Worldtradex provides a wide assortment of content types.

For example, if the bonus totals USD 400, the client must trade 200 lots to be able to withdraw it. The threshold to access the bonus is high and requires a substantial trading volume. The Worldtradex dashboard clearly displays the progress of these lots and the application of the bonus in a detailed manner.

• Worldtradex Copy is a user-friendly copy trading app designed for effortless Forex investing.
• However, not all platforms have the same instruments available for trading.
• WorldtradexFX traders are able to executive lightning tradesat visible prices without any slippage.
• The integration of charting technology by TradingView elevates your analysis, presenting the latest currency rates, including giants like EURUSD and GBPUSD.
• During my stint with WorldtradexFX, I occasionally encountered slippage when initiating or closing orders.

Spreads float from 0.6 pips across all platforms, offering a cost-effective trading environment regardless of your account choice. Worldtradex secures client funds by using segregated accounts that keep trader deposits separate from company assets. This structure, aligned with global regulatory standards, ensures that client money is protected and cannot be used for company operations. In terms of tools, traders can choose the most convenient platform among Worldtradex Trader, MT4, and MT5. With the mobile Worldtradex app, you can manage all accounts without downloading MT4 and MT5 on your phone. However, not all platforms have the same instruments available for trading.