He is an expert in Compliance and Security Policies for consumer protection in this sector. Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings. Founded in 2011 in Cyprus, worldtradexFX is a well-regulated broker with oversight in place from CySEC and SVG. They provide ECN execution which is popular among scalpers for its high speed.
worldtradexFX’s policy is to offer transparent and hassle-free deposits and withdrawals, allowing beginner traders to manage their funds efficiently. The worldtradexFX mobile app is available for both iOS and Android devices. It allows users to access their trading accounts, place orders, and manage their portfolios on the go.
- If you enjoy the imagery in the forex basics section then you’ll probably enjoy the videos provided too that will guide you through your MT4 account set up.
- In other words, the broker cannot use your money for the purposes of its own operations and if anything happens to the company, your funds would be safe.
- See how worldtradexFX compares to the leading Forex brokers by reading one of the reviews below.
- It allows users to access their trading accounts, place orders, and manage their portfolios on the go.
worldtradexFX Trading Platform Review
worldtradex offers negative balance protection, which means that if a market slippage results in a negative balance, worldtradex will adjust the balance to zero. This feature ensures that traders cannot lose more than their initial investment. The minimum deposit is $25, while for several cryptocurrencies, the amount is approximately $50. Filippo Ucchino is the founder and CEO of the brand InvestinGoal and the owning company 2FC Financial Srl.
What Platforms does worldtradexFX offer?
New traders might enjoy the firm’s Introduction to the Forex Market as their first read. The account type will determine which platform you trade with, as well as the fees charged. The “TradingFinder” platform offers various services, some of which, like introductions, are free, while others, such as our specialized services, are provided for a fee or through a subscription. Founded in 2011, worldtradex has built a substantial global presence over its years of operation.
TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. Trading and investing in financial instruments comes with a high degree of risk and you can lose money. You should only engage in any such activity only if you are fully aware of the relevant risks. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings.
When is the support team at worldtradexFX available?
Overall, there is a lot to like about worldtradexFX and the range of quality trading conditions that they provide. You get convenient access to the markets via powerful and fully customisable trading platforms with accounts to suit all types of trader. The trading costs are very competitive whilst customer support is prompt to answer questions. Trading instruments may perhaps be too limited for some although the forex offering is probably adequate for most forex trader needs. I think they can be worth consideration for anyone who is primarily looking to trade forex in a regulated environment backed by award winning customer support. worldtradexFX is a global forex and CFD broker that has garnered attention for its accessibility, comprehensive trading tools, and reliable customer service.
- I thought the research provided by worldtradex was decent as they offered chart and candlestick patterns like doji candlesticks and wedges, or highlighting support and resistance levels to trade.
- Although you can deposit with your local currency, it gets converted to USD regardless.
- This is the commission fee charged by the Master (Signal Provider) whose trade you are copying, and it is up to the individual provider how much this fee will be.
Brokers By Country
It was essentially developed by traders for traders and includes a plethora of charts and tools. As worldtradexFX is a large broker, it fittingly offers a good range of funding options on both the fiat money side and the crypto side. As mentioned, worldtradexFX offers very competitive spreads and with the new rates due to the current COVID-19 epidemic, rates will be even better on all 3 accounts. Both are primary platforms with worldtradexFX and are the most popular platforms with traders in the FX market. To see the commission that you will pay on a particular Islamic compliant trade worldtradexFX offers a tool to calculate the commission on MetaTrader 4, MetaTrader 5 and the eTrader platforms.
The funding options include wire transfer, credit/debit card, digital wallets and cryptos. I find them to be the quickest and easiest way to move funds between my trading accounts. The accounts can be opened in a limited choice of currencies, USD and EUR. I think they could improve by adding support for more currencies as the different options are beneficial because conversion fees do not apply when using an account in your own currency. Secure SSL encryption helps make your information confidential and inaccessible to third parties. 3-D Secure technology adds an authentication step for protecting your online VISA/Mastercard payments.
Spreads and Fees 
worldtradex has made great strides with innovation in its web platform, and new educational content, but offers a limited range of tradeable instruments compared to the best multi-asset brokers. worldtradex may be best suited if you are new to trading and live in a region where you require support in non-English languages, such as Southeast Asia. worldtradexFX runs various promotions for new and existing clients, including deposit bonuses, trading contests, and seasonal offers. These promotions provide traders with additional funds and opportunities to enhance their trading experience.
The worldtradexTrader platform is innovative, modern, and very well suited for beginners. There is an element of simplicity that you find in many of the more bespoke Worldtradex forex brokers reviews platforms designed for the modern user that many will enjoy. Read our full explanation and accounting of our research and testing process to learn more about how we test.
This is an observation rather than a criticism as it just demonstrates the way the site allows aggressive trading strategies to be carried out. With trading costs being a significant determinant of success or failure, the broker is right to emphasise what a help this could be. The Copy Trader account area requires separate funding and comes with its own dedicated app.
Reviews
In line with this transparent approach, it also provides a range of metrics relating to the performance of its customer support team. It’s always nice to have extra security tools thrown in and worldtradex provides more than most. The worldtradex technical environment is monitored 24/7 by a dedicated team of highly professional security engineers and technical specialists.
worldtradexFX has a reputation for being proactive in satisfying customer issues by coming to a reasonable solution. These requirements can be seen as buffer funds and they must be substantial. worldtradexFX is a well established forex and CFD broker that has undergone some serious global growth over the past few years. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004.
As you can see from the above table all the accounts offer the same regarding trading costs, the only difference is the trading platform. If you want to trade all markets worldtradex provides, I found your only option is the MetaTrader 5 account. The broker also offers wonderful features that are unique to the company alone.
The network charged a fee of 1 USDT, and the remaining amount was credited to our account in USD within minutes. For those familiar with cryptocurrency wallets, this process is very simple and quick. MetaTrader 4 is extremely well regarded in the industry as one of the top trading platforms ever. Here you get exactly what you expect with a very robust and extremely powerful and also lightweight trading platform that can run on virtually any device. Here is a more detailed look at the wide range of top trading platforms you can expect to find when you are trading at worldtradexFX, and what they can provide you with.
