This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs. It is specially offered while the market volatility keeps customers from letting their account go in the red. In such a scenario, WorldtradexFX provides the ability to reset a customers account balance to zero. When you move money in your trading account from the bank account, a deposit fee can be billed by the broker. Most agents don’t charge an excessive amount of money for this particular operation. Even if no fees have been indicated by WorldtradexFX, it’s better for you to close the account if you’re inactive.

Worldtradex Account Conditions Score

The firm is committed to ensuring customers needs are met and prioritizes customer satisfaction. Many third party sites highlight the company’s continuous pursuit towards addressing customer issues through its wide range of accessible online forums. Before signing up to any broker, check out who it is regulated by and make sure you fully understand how these regulations serve to protect your money. Some brokers are more regulated than others, and this will largely depend on where the company is based. You can close your Worldtradexfx account by emailing the customer support group at requesting to delete or close your account.

This is something which they avail of with the offering of a 50% deposit bonus attracting many traders. They offer an impressive range of educational options which can assist both new and experienced traders. The cTrader desktop platform is also well-respected within the sector and offers a more modernized visual which may appeal to some traders. As with MT4 and MT5, traders are free to customize much of the layout and implement their own automated trading https://worldtradex.world/ strategies where required. The platform is very user-friendly and intuitive in the same manner with the charts displayed in the central console window, and many of the controls operating on the periphery.

  • This situation requires clients to place more trust in Worldtradex itself than in its regulators, as these regulations are more focused on preventing terrorism and money laundering than on execution-related issues.
  • Yes, you can diversify your investment by following multiple traders and spreading the risk across different strategies with WorldtradexFX.
  • The technology embraced by WorldtradexFX is of the maximum caliber, making sure that it’s fast, reliable, and efficient.
  • This market has a large number of customers because this platform is very easy to use.
  • WorldtradexFX is an international broker that provides a variety of trading options for both novice and experienced Forex traders.

Furthermore, the well-received mobile application provides traders with a convenient way to monitor their investments away from a trading terminal. We also found that WorldtradexFX is highly regarded for its user-friendliness and sophisticated trading tools, making it appealing to both novice and experienced market participants. A 5% loyalty bonus and a point-based system that adds 1% to the earned rebate round out the program’s dual-benefit structure. Rebates are credited directly into traders’ accounts weekly, providing maximum convenience. It provides traders with a versatile experience tailored to their specific strategies, whether accessed via a desktop or a web-based interface. One of the most notable features of WorldtradexFX’s copy trading service is its wide range of trading systems.

Despite the limited availability of markets, this can be consider competitive on the wider scale within the industry. WorldtradexFX do not charge any commission on trading regardless of the account type which is used. Like many other brokers, they instead opt to build-in their markup to the prices offered. The range of products offered, while it does cover all of the major areas for trading which may be of interest, is not as extensive as offered by many other brokers of a similar stature.

Worldtradexfx broker review

WorldtradexFX Affiliate Programs

This high level of competiveness in terms of fees and charges helps WorldtradexFX regain an edge from some other areas where they are not quite as competitive with other major brokers. This minimum deposit could be considered as slightly higher than some competitors, particularly in terms of the Micro Account which WorldtradexFX Worldtradex courses scam offers. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team. WorldtradexFX provides various market analysis services, such as daily market updates, technical analysis, and economic news. However, traders are urged to seek professional financial advice before making investment decisions.

MetaTrader 4

In accordance with the organization’s privacy regulations, customer data is to not be shared with any other institutions or individuals. WorldtradexFX, as a business, has a powerful collection of rules for ensuring honest trading on its own platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL). WorldtradexFX acknowledges the significance of having a quick order execution. A fast execution enables users to trade without worrying about slippage safely. Over the past 11 years, WorldtradexFX has grown into one of the best online brokers available to the public.

Any processing fees from your bank will need to be incurred by you. Yes, trading via WorldtradexFX is a pleasant and decent experience indeed. It is an excellent and intuitive platform with helpful features for your simplicity. In addition, you can even gain access to a huge collection of educational tools and assistive material to kickstart your trading expertise. If trading currency pairs is of interest to you then WorldtradexFX offer over forex pairs.

WorldtradexFX Islamic Account

The account types are WorldtradexTrader, MT4 and MT5 accounts for every trading platform the broker provides. The WorldtradexTrader account is known for its versatility, whereas the MT5 account is technically advanced, and the MT4 account type has a simple user interface. Yes, WorldtradexFX offers virtual portfolio accounts so you can learn their systems before risking any real money.

  • Follow the account closure procedure provided by the customer support team and ensure that you confirm that the account is no longer active.
  • WorldtradexFX is a trustworthy broker, boasting an impressive trust score of 79%.
  • These labels denote some milestone that the Master Traders have reached, although their performance and results can vary.
  • For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status.
  • Dormant accounts are exempt from any charges related to inactivity.
  • WorldtradexFX is committed to providing a secure and transparent trading environment for its clients.

We couldn’t leave this review without highlighting some areas where the broker could improve. If you need some support outside of the hours or would prefer to get a quick answer yourself then there is an FAQ’s page with a range of relevant questions and answers. Though, if possible, seen as the team is so quick and efficient you might be better off just reaching out to them first thing. Lastly, anyone looking for an automated trading strategy can utilize the cTrader automate to help you develop custom robots.

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. Likewise, Mauritius is considered Tier-4, as per our Trust Score algorithm. The security of your funds – in terms of regulatory protection – will depend on which Worldtradex entity holds your account, and which, if any, relevant regulations provide customer protections. It’s worth noting that Worldtradex’s primary execution venue is one of its own entities in St. Lucia. If you ever have questions or need assistance, just reach out here or via LiveChat — we’re always ready to help.Happy trading and here’s to more wins ahead!

How to Open an WorldtradexFX Account

The broker’s commitment to providing a diverse and cost-effective trading environment empowers clients to implement various strategies across multiple markets, enhancing their potential for success. 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.

With Worldtradex, you can trade a total of 300 trading instruments, including 52 Forex pairs and 277 CFDs, covering indices, commodities, and cryptocurrencies. 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. The dashboard includes a “Monitoring” area where users can view and share their performance, charts, profits, orders, and history with others. Both the user and any interested party can access this section to see the performance of accounts that have opted for public visibility. 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.

MT4/5 and cTrader are one of the top software on the Android platform on mobile. It has been designed by WorldtradexFX Markets for traders in a way that is easily accessible on mobile. Being mobile-friendly, it offers many benefits to clients or merchants.