If you lack the programming skills, the MetaQuotes Marketplace provides a library of 10,000+ custom indicators from the MT4 community you can use. If you want to see how worldtradex’s spreads compete with other Malaysian brokers, I created a simple trading cost tool that you can use. The worldtradexFX 50% deposit bonus can be used to increase free margin and open higher-volume positions. The worldtradexFX ERC20 withdrawal enables traders to transfer Tether (USDT) via the Ethereum network quickly and securely. Setting up an account takes just a few minutes and allows access to either a Standardor Custom trading environment. Our broker reviews are reader supported and we may receive payment when you click on a partner site.
In this course, I had access to 11 video lessons that lasted roughly 5-10 minutes but went into detail about how to trade forex. worldtradex scored highly in my trust test with 12 years of industry experience and licences from CySEC, MSC, and MISA delivers a secure and transparent forex broker. I think the broker’s trust is supported by its 60+ awards from the forex industry and 8,000+ positive TrustPilot reviews demonstrating that its clients are happy with its operations. I think having worldtradex Copy is a good alternative for beginners or those who don’t want to invest their time in learning how to trade. At least this way, you can copy an experienced trader and benefit from leveraged products such as forex, crypto or commodities like gold.
- For example, the Pro account may be ideal for experienced traders who require access to a broader range of instruments and lower spreads.
- Rates, terms, products and services on third-party websites are subject to change without notice.
- One of the key highlights for MetaTrader 4 I like is the option to automate your trades using Expert Advisors (EAs) which is allowed on your worldtradex account.
If you are interested in automating share CFDs, MT5 is the only platform https://worldtradex.site/ on worldtradex to provide this. I was curious to know why they offer this as other brokers are not so generous when it comes to absorbing the swap costs. worldtradex said that offering swap-free accounts aligns with its business goal of serving a global clientele. These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency. Among the financial service providers, there are fraudsters that we promptly report.
Non-trading Fees
Overall, the account opening process took 3 minutes which is the fastest application I have completed for opening a live trading account. I found all platforms worldtradex offers provide mobile trading apps on your iOS or Android device, which can be downloaded directly from the broker’s website. worldtradexFX enables traders to top up their MT4, MT5, and worldtradexTrader accounts through nine secure deposit options, catering to both traditional and digital payment preferences. Forex trading is a skill that requires ongoing education, practice, and adaptation.
Analyzing The Market
Spending adequate time on the demo account before transitioning to a live account helps build confidence and refine trading skills. Customer service at worldtradex is through live chat or a support email address, which is a slight letdown as I prefer when companies offer phone support for urgent questions. I was impressed with the efficiency and low-cost approach to depositing and withdrawing with worldtradex.
How to determine the Stop Loss and Take Profit levels with the calculator
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I like that out of the box you have access to 30+ technical indicators from moving averages to Bollinger bands and 24 analytical objects making on-chart technical analysis simple. The broker’s range of forex trading products is limited to MT4, MT5, and worldtradexTrader but still provides a service to every trading style thanks to the MetaTrader options. I was surprised most by the worldtradexTrader which is limited in comparison to MetaTrader but offered a unique technical analysis service which impressed me with the expertise of the analysis. We measure success by the cost-effective trading conditions we provide and by success stories our traders share. As for education, I thought worldtradex did a good job at presenting the basic concepts of forex trading through an online video course. I liked the daily webinars with professional traders that let you learn while trading in a live environment to experience how traders analyse the markets in real time.
- We measure success by providing cost-effective trading conditions, along with a completely transparent service worldwide, regardless of how high our clients’ expectations are.
- After registration, traders must verify their identity by submitting identification documents.
- Feedback and rankings from authoritative sites like «Trustpilot» on the TradingFinder website assist all traders.
- worldtradex provides a fast service for its withdrawals by sending your funds within 30 minutes after being approved.
- However, worldtradex has e-wallet options through Neteller and Skrill were also a positive as they also provide instant funding like the Mastercard option.
What is the minimum deposit at worldtradex?
Although you can deposit with your local currency, it gets converted to USD regardless. I prefer seeing a broker regulated by multiple authorities, especially local regulators where clients are accepted such as CySEC. However, I would like to see other Tier-1 regulators like the Australian Securities and Investments Commission (ASIC) or the Monetary Authority of Singapore (MAS). I also found an interesting feature called Spaces where you can customise an area with trading alerts and real-time news announcements. MetaTrader 4 is a great option Worldtradex courses scam if you use custom indicators or strategies as it provides the MQL4 library which you can use to create bespoke strategies.
This is an impressive feature if you’re new to trading due to the constant flow of trading ideas with detailed market commentary that will help you learn in real time. Plus, you can fine-tune the Space by choosing specific instruments only to receive these ideas from – in my instance, I chose USD/JPY, gold, and EUR/USD. worldtradex has 52 forex pairs for CFD trading including forex majors like USD/JPY, AUD/USD, and EUR/USD as well as minor and exotic pairs. I did find that you can only access all 52 pairs using the MetaTrader 5 platform, while the worldtradexTrader and MT4 only offer 32 pairs. If you’re unsure which platform is for you, I’ve created this 5-step questionnaire that will match your answers to help find the best forex trading platform for your trading style. Amongst the new features and platform improvements, you can still automate your trades with MetaTrader 5 and Expert Advisors.
However, in my experience with regulators like MAS, they are very professional and helpful so this is by no means a poor regulator. Additionally, Orinoco Capital (Pty) Ltd. holds a Financial Service Provider (FSP) license number from the Financial Sector Conduct Authority (FSCA) in South Africa. It is also regulated by the Financial Services Commission Mauritius (FSC) and Mwali International Services Authority (MISA) for non-EU clients. You have a selection of alerts you can receive, so I set it up to show all trading signals like candlestick patterns and chart patterns such as head and shoulders. I found the signals to clearly demonstrate the trading idea and the market commentary is a nice touch to help explain the move. Even at 0.90 pips, I found it’s roughly 18% cheaper than my industry average tests of 1.11 pips for EUR/USD, positioning worldtradex as a low-spread broker.
No swaps on MT4 and MT5
A trading journal helps analyze past trades, identify mistakes, and improve future decisions. Download our app and keep track of your orders whether you’re in the office, on vacation, or at home. We are constantly improving our product to make your trading experience better.
Daily trading ideas
Most deposits are processed instantly or within a few hours, and the platform generally does not charge fees for deposits. MetaTrader 5 is a sophisticated trading platform with lots of analytical tools. It is known to be quite popular among intraday trading pros and algorithmic traders thanks to its advanced features.
According to a support representative from worldtradexFX broker, this broker does not charge any swap fees for holding trades. Opening an account with worldtradexFX requires a minimum deposit of only $25, making the platform accessible to beginner traders and those who prefer starting with smaller capital commitments. Once trades are active, they should be monitored to ensure they align with market developments. If new information arises or if market conditions change, traders should be prepared to close or modify trades accordingly. Bring your trading to the next level with worldtradexTrader, worldtradex’s own trading platform. Switch devices, manage orders on the go, analyse markets with AI, and share your opinion with the community.