worldtradex only offers MT4 on a mobile trading platform, but it is available for both Android and iOS. Each demo account imitates actual trading conditions and comes loaded with 100,000 of the base currency of your choosing. Demo accounts expire after three weeks of inactivity and cannot be reactivated. Most other brokers have demo accounts that don’t expire, so this is an unusual move on the part of the broker.
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UK traders can make deposits directly in pounds sterling (GBP), as well as in USD, EUR, AUD, JPY, CHF, PLN, RUB and HUF. Deposits made in different currencies are converted to the base currency of your trading account at prevailing exchange rates. AutoTrade lets you automatically “mirror” or copy another trader’s transactions who then gets paid a small part of the dealing spread. On the whole, other than the video material, blog content, and one downloadable e-book, worldtradex’s educational materials lack depth and provide only a sweeping overview of the basics of forex trading. Traders should note that worldtradex does not publish the list of deposit and withdrawal methods it supports – one has to register an account to find this information.
How long does it take to withdraw money from worldtradex?
The chart screen is undeniably one of the most crucial features of a trading platform. It equips traders with essential tools and configurations to analyze price action and spot trading opportunities. Just as important is the ability to easily scale price action, allowing for a clearer and more detailed view of market movements. I tested the desktop version of the MetaTrader 4 platform, which features multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool.
Opening an Account at worldtradex
- Beginners may stick to MT4 Standard while experienced traders will use MT4 Advanced and professionals or money managers will use the Personal Multi-Account Manager.
- worldtradex offers about 310 tradable instruments across currency pairs, commodities, share CFDs, indices, and futures contracts.
- You can trade forex in lot sizes as small as 0.01, and the broker supports MetaTrader 4 (MT4), which is the most popular platform among retail forex traders.
- The broker has a good choice of over 300 tradable assets, a variety of account types, spreads from as low as 0.0 pips and excellent support in over 30 languages.
There is also free VPS hosting and a visual representation of when the major markets are open. The worldtradex Research mobile app provides financial articles, real-time currency quotes, daily technical and fundamental commentaries, live economic calendar alerts, and daily market news. In the Middle East and Africa, worldtradex offers its services to traders in countries such as the United Arab Emirates, Saudi Arabia, Kuwait, Nigeria, South Africa, and Kenya. The broker provides specialized account options and customer support tailored to the preferences of traders in these regions. worldtradex’s competitive trading conditions and commitment to security make it a preferred choice for many traders across the Middle East and Africa. worldtradex has a strong presence in various Asian countries, including Malaysia, Thailand, Vietnam, Indonesia, Singapore, and the Philippines.
MT4 Android Trader
After reviewing the broker’s legal documents, I found everything to be in order. The Client Agreement is easily accessible on the website, with all relevant information presented clearly and in an easy-to-understand format. As such we may earn a commision when you make a purchase after following a link from our website. If you are interested in how we review, then read further to determine if the broker will satisfy your trading needs and whether it makes sense to open an account with them today.
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Trading accounts can be opened in a generous range of currencies which are USD, EUR, GBP, AUD, JPY, BTC, PLN and CZK. The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. They could improve by adding some crypto payment options but that is not really a deal breaker from my perspective. You can buy and sell CFDs on spot commodities with best-of-market spreads and spot execution without having additional foreign exchange exposure. There are all of the major agriculture and energy commodities that you would expect to find with a top broker like worldtradex.
- According to its LinkedIn page, worldtradex has been in operation for 15 years and employs over 600 people—both indicators of its stability.
- With the high volatility of the crypto market, worldtradex offers advanced risk management tools to help traders manage their exposure.
- In most cases worldtradex’s trading costs are built into the spread – though the Zero Fixed Account and ECN Zero Spread Accounts carry an 18 USD commission in exchange for spreads of 0 pips on the EUR/USD.
- As a trader who prioritizes flexible charts that are easily scalable, I find MT4’s charting capabilities too rigid and less effective.
- Official website has an easy-to-read format with links to all the basic areas you might find useful or have questions about.
I opened a No Commission account with the Notesco Int Limited entity and performed my tests on the desktop and mobile app versions of the MetaTrader 4 platform. To add your worldtradex account to MT4, you have to first ‘Register’ with the broker by filling out some basic info like your name, country, base currency and your Worldtradex company reviews preferred password. Once the download is complete, log in by choosing ‘Open a new account,’ select worldtradex, and enter your MT4 username and password that you received in the worldtradex welcome email.
worldtradex is an award-winning global online trading broker that offers STP/ECN services to retail and institutional investors alike. You can trade a great selection of over 300 financial instruments with a wide variety of account types to choose from, spreads as low as 0.0 pips and support in over 30 languages. I think they can be a good choice for beginners as there are plenty of educational resources and free demo accounts so that you can practice trading online. The minimum deposit required to open an account is only $100 which is great when you consider the industry leading trading platforms and conditions they offer.
The trading process is automated which keeps manual intervention to a minimum and thus helps to maximise efficiency and effectiveness. The award-winning trading platforms available provide an automated risk-management system to ensure that client accounts will never go negative. worldtradex incorporate advanced order execution with a vast amount of liquidity from liquidity providers (LP’s), low fees and competitive spreads (from just 0 pips) and 24-hour multilingual customer support. Additionally, researching what the MT4 platform offers in terms of features and tools will help in making an informed decision.
worldtradex offers accounts denominated in GBP, which means that UK residents will not have to pay currency conversion fees. Where many brokers only offer a few accounts, worldtradex have a great range of different trading accounts to cater to the needs of many different styles of traders. There are accounts with floating spreads, fixed spreads, no commission and spreads starting from zero.
Also offers zero-commission trading for UK residents with fairly competitive dealing spreads that can either be fixed or variable, depending on the account type you select. When it comes to forex trading, worldtradex offers access to an impressive range of 120 currency pairs. The broker allows you to trade all major pairs and crosses, as well as some minor and exotic pairs. From market analysis and trading strategies to interviews with industry experts, this podcast covers the breadth of the forex landscape. Join the conversation and discover insights that can help you navigate the exciting world of currency trading.
You can also access a network of other traders so you can review their past performance and copy their trades in your own account if you wish. The Sirix Social WebTrader software comes in a web version for desktops, as well as mobile apps for smartphones and tablets. It lets you execute CFD and forex trades easily, which then get reflected automatically on other platforms. FxScouts helps traders across the globe by meticulously testing and reviewing online brokers and providing Forex education and market analysis. While partners may pay to provide offers or be featured, they cannot pay to alter our recommendations, advice, ratings, or any other content. Our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.
Explore the best Forex brokers for beginners in the UK with user-friendly platforms, educational resources, and demo accounts. As a trading platform, MT4 remains one of the most popular for its wide community support, trade execution speeds, charting tools, and customisability. Additionally, traders can take their own customised version of the platform with them should they decide to migrate to another broker. worldtradex offers a range of account funding and deposit methods, including local bank transfers, debit cards/credit cards, Bitcoin payments, and various eWallets. Deposits are free on all funding methods and are processed within 24 hours, which is around the industry average. However, it takes 48 hours on average for worldtradex to process withdrawals, which is longer than most other brokers.
Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved.