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. In my opinion, MT4 is best suited for automated trading via Expert Advisors (EAs).

VIP Account holders benefit from personalized customer support and access to premium trading tools via worldtradex’s MT4 and MT5 platforms. worldtradex offers a variety of account types tailored to different trading needs and experience levels. The Micro Account requires a minimum deposit of $100, making it ideal for beginners or those with smaller capital.

How To Make A Withdrawal

• Broker also allows you to use third party trading robots and automate your own trading plan, which you can implement using MT4.
• You will find that their commitment to customer service and education sets them apart, making them a notable choice for your trading needs.
• If you have traded with worldtradex we would really like to know about your experience – please submit your own review.
• As a trading platform, MT4 remains one of the most popular for its wide community support, trade execution speeds, charting tools, and customisability.
• All account types allow traders to access a Dedicated Account Manager on a 24/5 basis and the Dealing Department Transaction Hotline.

worldtradex’s trading tools are limited compared to what’s available at other brokers. worldtradex impresses with its probing and layered market research, developed in-house and incorporated from Trading Central. The broker provides regular market breakdowns, featured trading ideas, a comprehensive market sentiment tool, and more. A key advantage of trading CFDs is the ability to enter and exit the market almost instantly, enabling traders to capitalize on even minor price fluctuations in the derivative. worldtradex provides free Virtual Private Server (VPS) hosting to high-volume traders interested in achieving lightning-fast order execution speeds and stable internet connectivity.

worldtradex vs Other Brokers

The MetaTrader app stands out for its convenience, making it an essential tool for adjusting trades, especially during periods of heightened volatility. However, I consider it cumbersome and not the best choice for analyzing price action. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades.

worldtradex Account Types Guide 2024: Which Trading Account to Choose?

• Signal followers can quickly and easily assess the performance of various trading strategies based on various parameters, including their average return, maximum risk, longevity, and more.
• The next step is completing the KYC verification, which requires submitting valid identification (passport or driver’s license) and proof of address (such as a utility bill).
• Accepted base currencies include USD, EUR, GBP, AUD, JPY, BTC, PLN, and CZK.
• While it offers a range of supporting tools, it had above-average spreads on instruments like GBPJPY and US30 during my test and lacks an alternative to MT4.
• worldtradex offers a wide and diverse selection of trading accounts, including commission-free and raw spread accounts.
• worldtradex is an online forex and CFD broker that offers a wide range of trading instruments and services designed for both novice and experienced traders.

As such, worldtradex does not have its own proprietary platform but does offer the full range of MetaTrader 4 platforms. worldtradex provides its services globally, but certain regions are restricted due to regulatory limitations. Supported regions include most countries in Europe, Asia, Africa, and Australia, where traders can easily open accounts and trade. However, prohibited regions such as the United States, Canada, and some countries in Asia, are restricted from using worldtradex due to local regulations and compliance issues. It’s important to check whether your country is supported before attempting to open an account. These restrictions are in place to ensure compliance with financial laws and regulations in each region.

Account Trading Costs

Welcome bonuses are available at worldtradex when you register for a new account. However, they do change over time and vary between countries, so check the current offers available when you sign up. worldtradex also offers the Cent account with which clients can start with fewer funds and smaller lot sizes. Finally, check any minimum deposit bonus terms and conditions when you register for an account as they are subject to change.

Trading is offered on multiple assets, including commodities, indices, metals, futures, shares, and over 80 Forex pairs, a larger range than is typically seen at other brokers. I asked a series of questions with varying degrees of difficulty and determined that the agent’s answers were swift and comprehensive. He was also polite and patient, taking his time to provide satisfactory answers to my questions. Overall, I assessed that worldtradex’s customer support is of very high quality.

Is worldtradex Safe to Trade With?

There are no deposit fees (coverage for wire transfer charges for deposits over 10k USD). You’ve successfully signed up for our forex newsletter, where you’ll receive expert insights, market analysis, and the latest news straight to your inbox. For the purposes of this review, we found the customer support responsive but uninformed. They were unable to answer many of our questions and seemed generally confused. worldtradex’s research and analysis materials are more comprehensive than its education section, but compared to other large international brokers, are still lacking.

If you have traded with worldtradex we would really like to know about your experience – please submit your own review. Accepted base currencies include USD, EUR, GBP, AUD, JPY, BTC, PLN, and CZK. The company’s past and present sponsorships with global brands, such as the Korean diving team and sailing athlete Marilena Makri, have set it apart from other brokers. worldtradex can be contacted on local toll-free phone numbers, live chat, and email. worldtradex has excellent credibility within the industry, having won over 40 awards since its inception. Reviews of worldtradex highlight both positive and negative experiences that can influence your decision to trade with them.

It is one of the sponsors of the 2018 Offshore Racing Congress (ORC) European Championships and will support an worldtradex Racing Yacht. worldtradex previously sponsored the ORC Worlds Trieste 2017 and was an official partner of FC Barcelona from 2014 to 2017. It may take time to process withdrawals, some traders have mentioned that worldtradex is slower than other brokers. First, ensure that all your open positions are closed and your account balance is cleared. Next, contact worldtradex customer support via email or live chat to request account closure.

This can obscure price action examination and make it harder to perform detailed technical analysis. The values listed below are for one full base Worldtradex reviews currency contract (100,000 units). A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight.

Broker also allows you to use third party trading robots and automate your own trading plan, which you can implement using MT4. Platform support is limited to MT4, but worldtradex offers an upgraded package labeled MT4 Advanced, which transforms MT4 into a state-of-the-art trading terminal. Traders can also choose between nine live flexible accounts, including a low-deposit Cent Account that appeals to beginners who prefer to make smaller trades measured in micro-lots. To ensure a smooth trading experience, robust customer support is crucial. worldtradex provides multiple channels for assistance, including live chat, email, and phone support. However, you may encounter long wait times during peak hours, so it’s advisable to reach out during less busy periods for faster responses.

His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. Clients must contact the broker’s customer support to request further assistance. Phone support is only available to active clients with their account managers. After conducting a series of tests, I concluded that worldtradex’s multilingual customer support is fast and reliable.