WorldTradex has two operating subsidiaries, one authorized by the business-friendly VFSC and one by the CySEC, which operates under the globally least-competitive ESMA regulatory framework. An inactivity fee of $5 per month is applied after three months of no trading activity.
- Clients have access to the full suite of the out-of-the-box MT4 trading platform.
- I only really missed having PayPal available since this industry leader is one of the most widely used e-wallets and is accepted by rivals, including XTB and IG.
- The diversity of financial instruments which this company offers to customers is really huge.
- They dont have their own cooked up half-working trade platform, instead its tried and tested MT4 which is the best trading platform for retail by far.
- WorldTradex stands out as a solid broker choice for traders looking for a low-cost, regulated platform.
- WorldTradex’s limited research and technical analysis tools are disappointing, especially given how useful these tools can be for discovering trading opportunities.
- Experienced traders will appreciate the tight spreads, access to MT4 and a VPS, plus zero strategy restrictions.
Overview of Trading Platforms
The online broker covers a range of important topics including guides on foundational information for the forex market that all beginners should read. Clients can also download a range of ebook PDFs for free that go into further detail on strategizing and online trading. Although WorldTradex does not offer an extensive suite of forex tools, I am satisfied with the inclusion of a free Virtual Private Server (VPS). This works extremely well with MT4’s expert advisors for automated trading, and I frequently make use of it when trading on WorldTradex.
Customer Service
To my surprise everything was better than I expected, I didn’t have any problems with the registration process. But there is 0 dongs and whistles, so, again, not everyone might like it. WorldTradex does not have a proprietary mobile app, though MT4 can be downloaded to Android and Apple devices. The mobile application has proven https://worldtradex.world/ to be stable and reliable during testing.
Flexible Account Options
- Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the ECN XL account.
- By doing so, we aim to create an optimized trading environment where the incurred costs are minimized, allowing traders to maximize their potential profits and maintain robust financial health.
- Whether you are a beginner looking for a low-cost entry into the forex market or a professional trader seeking competitive conditions, WorldTradex’s ECN XL account provides a solid, flexible option.
- It also operates an unregulated but duly registered subsidiary in Vanuatu, where most international clients trade.
- We have manifested our motto of being “trustworthy, transparent, and fair,” not just in words but through our actions and services.
- The FAQ section answers many of the most common questions, and WorldTradex is transparent about its products and services.
The platform has a built-in “Help” function so you can get answers to the most common questions directly from within the software itself, so you can concentrate on the important stuff – trading. The platform allows orders to be placed in a variety of ways, including trading directly from charts. Embedded tick charts are an extremely useful way to determine accurate entry and exit points. MetaTrader 4 includes all the trading functions the modern forex trader needs. Market orders, pending and stop orders, trailing stops – all are right there at your fingertips with MT4. The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed.
Unrivaled Transparency and Competitive Spreads
The WorldTradex MetaTrader 4 Broker software transmits information to and from the markets on 128-bit encrypted connections. In addition to this, WorldTradex also offers the possibility to use the extended security algorithms of Public Key Cryptography. Information secured in this fashion is virtually impossible to hack in any short amount of time. ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. Before making any trading related decision, contact a local professional financial advisor. Yes, it is possible to have a profitable strategy when trading with WorldTradex, which offers the reliable MetaTrader 4 platform and plenty of analysis to support forex trading.
We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. That’s a key factor for me and that’s why I decided to join them and I can say since the moment I started trading through this broker I didn’t have any problems. WorldTradex enhances the mobile trading experience by offering the MT4 application, compatible with iPhone, iPad, and Android devices, ideally suited for day traders. This long-time industry favorite is starting to show its age after decades since its release, and we prefer for brokers to offer a selection of platforms with newer and slicker options, especially for beginners.
Recommended Brokers:
WorldTradex offers reliable customer support to assist traders with any questions or issues they may encounter. The broker provides live chat and email support, ensuring that help is readily available. Customer service operates 24 hours a day, Monday through Friday, allowing traders to access assistance during market hours. Additionally, traders have access to real-time market data and analysis to help them make informed decisions. The combination of educational tools and a well-regulated environment makes WorldTradex a reliable option for traders looking to expand their knowledge while maintaining secure trading conditions. WorldTradex provides traders with access to a variety of research and educational tools designed to enhance trading knowledge and skills.