worldtradex Review in 2025 Spreads & Fees Compared

The calendar has advanced filters to only show news that is relevant to you. I think this is a vital tool and always like to check if there is any pending news before taking a trade. You will also find an economic calendar built-in the MT5 platform which could be more convenient to access and save you the hassle of switching between tabs. 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. worldtradex offers a mere 257 tradeable instruments, which varies by platform, with the most on its MT5 offering.

• Below is a tabular review of the various deposit methods and the processing time.
• Those considering a local bank payment will have 3 options available to you.
• You can access the broker’s copy trading service by downloading the copytrading app.
• Clients of worldtradex are able to engage in the Expert Advisor and MQL5 areas of the MetaTrader site.

To qualify, you must deposit at least $50 to get a 50% bonus of that amount. You can access strategies to follow through the community forums and program your own with MQL5 and C# fully supported. This means you can open positions with as little as $1,000 and this amount can be further reduced if you are trading on leverage. The minimum order size you can expect when trading with worldtradexFX is 1 micro lot. This is the same as 0.01 standard lots, or equal to $1,000 in cash value.

worldtradex Trading Experience Score

The products, features and protection can all vary depending on the entity that you decide to open a trading account with. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. worldtradex is an up-and-coming broker that has been in operation for nearly 10 years.

Alternative Brokers

The worldtradexTrader has the least options for technical analysis too with 19 indicators, 11 drawing tools, and 7 timeframes. However, after testing I found the platform covered the top indicators like volume and moving averages along with Fibonacci retracement tools. With worldtradex being an ECN broker, I found MetaTrader 5 can utilise its advanced features like depth of markets tool for you to analyse market order flow. This is a great tool if you scalp or day trade as you can use the data to find hidden support or resistance while helping you spot breakout trading opportunities.

“Good platform”

Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), worldtradex’s lack of additional reputable licenses heavily weighs down its Trust Score. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. See how worldtradexFX compares to the leading Forex brokers by reading one of the reviews below. They take suggestions into account and seem to have acted on the suggestion numerous times.

With that said, the minimum deposit here is still low enough for all types of trader to get involved. This is $50 minimum deposit within the EU with the account being available worldwide. There is no commission charged on both deposits and withdrawals, MT4 and MT5 commission is included in spreads as mark-up, and no additional fee is applied. NBP — the worldtradex management/trade order system ensures that the client cannot lose more than the initial deposit in their account. Even if a position ‘gaps’ in extreme market conditions, then the client will lose the funds in their account by no more than that. A lot of brokers consider them mutually exclusive, so only offer one, if any at all.

The big takeaway from my time with worldtradex is that it doesn’t charge swap fees on any of its accounts which are usually reserved for swap-free Islamic trading accounts. Not only does this reduce your trading costs for longer-term positions but it won’t force you to close a position before being charged a swap. This feature gives users the opportunity to automatically copy leading traders and learn different trading strategies from them. Clients can, on creating and funding an account, find, follow and copy these leading traders at will.

• However, once the process is completed, they can easily add additional accounts with just one click.
• However, there can be no guarantee on how good or bad the signals will perform.
• The best part is that most of the content is free of charged and can be viewed on the firm’s website.
• Account security — in line with the guidelines provided by the better regulators, worldtradex keeps client funds in segregated accounts.
• They are all relatively easy to use but also capable of performing complex analysis and order management.

The worldtradex mobile app can be downloaded and quickly recognizes and retrieves data after entering the username, requiring no further action. From the worldtradex app, users can open positions in the worldtradex account as well as in MT4 and MT5, which can also be done using those specific applications. This means the app provides complete control over all open accounts and displays the full trading history. It features attractive charts for all three account types, allowing trading and modifications. worldtradexFX offers a commission-free trading environment, which is particularly appealing to cost-conscious traders.

Feedback and rankings from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders. This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices. worldtradexFX is a financial broker with more than 40 million accounts opened on it.

If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to worldtradexFX. The broker has recently given up its regulatory license with the Financial Conduct Authority in the UK. worldtradex Markets Incorporated is based at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines. worldtradexFX is licensed and regulated by FSA SVG license number #19776 IBC 2011.

What are worldtradexFX’s Account Types?

The app interface is very user friendly making it easy to find signal providers to follow based on your customised filters. There are master accounts for traders who want to offer their strategies as signals or for followers who wish to copy signals. This can be a good solution for those of you who don’t have the time or knowledge to trade manually. However, there can be no guarantee on how good or bad the signals will perform. I personally like to maintain full control over my trading as I feel like you can become a better trader in the long run when you learn from your mistakes.

This is a key requirement to look for in a broker because it means that your funds will be kept separately to the brokers. For beginner traders, the availability of support in multiple languages is a key benefit, ensuring that assistance is easily accessible. Participating in financial markets involves high risk, which can result in the loss of part or all of your investment. 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.

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Furthermore, worldtradexFx has an easy-to-use app which is also available on Android and IOS devices. This app allows users to enjoy a smooth trading experience and keep track of executed orders from anywhere. There is a decent variety of account types which you can choose from depending on your trading style. worldtradexFX offer 3 different main account types, the Micro, Pro and ECN. The account you go for may also depend on the trading platforms that you wish to use, instruments you want to trade and minimum deposit requirements. worldtradexFX offer a great choice of platforms for convenient access to the markets on all of your devices.

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While some people praise the broker wholeheartedly saying it’s one of the best online trading brokers, others say it is no scam but is poorly managed. However, there are a good number of posted reviews of people denouncing the broker for withdrawal problems and bad trading experience. The trading interface of the mobile app is quite basic, yet it is functional. Its only limitation to client is its small screen resolution, hence, Worldtradex scammers making deep technical analysis somewhat difficult. This is a distinct characteristic that avoids surprises, which are mostly negative for traders, especially on certain days when swaps can be doubled.

There may also be a fixed exchange rate in place to benefit you as a trader depending on location. Here the broker makes a special fixed exchange rate of 1 USD to 10,000 IDR available that can help traders combat currency volatility. This account type is a great starter account, though at the moment is not available to EU traders. worldtradexFX offers a great demo account that is easy to sign up for, just needing the most basic of your personal information and an email address. The variable spreads start from 0.2 – 0.4 pips with a commission already rolled in and no other mark-up to worry about on your MT4 Micro, or MT5 Pro Account. You will also find fixed spreads available on the MT4 Micro account that start from 2 pips.

When looking at equities, only indices are offered with no option of single stocks, and only Gold and Silver are available in commodities, on a micro account. worldtradexFX offers a wide range of educational resources for beginner traders. These include webinars, video tutorials, market analysis, and trading signals, all aimed at helping new traders improve their skills and knowledge.