Favored by ECN traders who need tight spreads and an advanced trading interface, cTrader provides a seamless trading experience. It also supports algorithmic trading through cAlgo, making it an ideal choice for professional traders who rely on automated strategies. With its robust features and precision, cTrader caters to those seeking a sophisticated and efficient trading platform.
This combination of low spreads and fee-free transactions makes worldtradex a popular choice among traders who are focused on minimizing expenses and maximizing their profitability in the forex and CFD markets. worldtradex, established in 2011, is a well-known forex and CFD broker that has gained widespread global recognition over the years. Headquartered in St. Vincent and the Grenadines, worldtradex operates under strict regulatory conditions, providing traders with a secure and reliable trading environment. The broker offers access to a wide range of financial instruments, including forex pairs, commodities, indices, and cryptocurrencies. worldtradex also supports popular trading platforms like MetaTrader 4, MetaTrader 5, and cTrader. With its emphasis on low spreads, fast trade execution, and a user-friendly experience, worldtradex caters to traders of all levels of experience and expertise.
Flexible margin trading
The MT4 and MT5 trading platforms are available on Android and iOS mobile devices and tablets. There is some loss in functionality when compared to the desktop versions of these trading platforms, including reduced timeframes and fewer charting options. Alison Heyerdahl is the Head of Content at FxScouts and a financial writer with extensive experience in Forex trading, broker analysis, and market research.
MT4 platform available
- worldtradexTrader’s charts are light and easily scalable, allowing for detailed technical analysis.
- These promotions include deposit bonuses, trading contests, and cashback offers.
- The broker offers negative balance protection for retail clients, providing an extra layer of financial security.
- Using real-time data and full platform functionality, you can practise strategies, test bots, or compete in demo contests – without risking actual money or time limits.
- The availability of these payment methods may also depend on your country of residence.
The worldtradex demo account is a free, no-deposit trading simulator that mirrors real market conditions. It allows traders to practise strategies, use technical tools, and explore trading platforms with virtual funds and no financial risk. The dashboard, or client portal, provides relevant information and tools regarding the account. Numerous sections focus on customer services related to accounts and administration rather than market-related issues. A status program is offered where clients, based on their deposited funds, can access different levels that provide enhanced services. worldtradex also offers a copy trading platform free for all accounts, allowing beginners to copy the trades of more experienced, successful traders for a small fee per traded lot.
Customer Support
worldtradex is a global online broker offering trading services in forex, commodities, indices, and cryptocurrencies. It provides platforms like MetaTrader 4 and 5, with competitive spreads, copy trading, and educational content for traders of all levels. worldtradex is a global trading platform founded in 2011, serving clients in 180 countries.
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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. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.
Beginners simply find the Strategy Providers they want to follow and click “Copy.” Their positions will be copied automatically. worldtradex offers 24/7 customer support through live chat, email, and phone, ensuring traders can receive assistance whenever needed. The support team is recognized for being responsive and knowledgeable, helping clients resolve issues efficiently. In addition, worldtradex’s website features a comprehensive FAQ section, providing answers to common queries and offering further support for users. This commitment to customer service enhances the overall trading experience, giving traders confidence that help is readily available when required. worldtradex offers the cTrader platform, renowned for its fast execution and low latency.
- worldtradex is regulated in some jurisdictions, but it’s not licensed by top-tier regulators like the FCA or ASIC.
- However, it lacks weekly and monthly time frames and does not offer an intuitive zoom tool.
- Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com.
- Overall, worldtradex has streamlined the deposit and withdrawal process, making it convenient and efficient, without imposing any extra fees.
worldtradex also provides services through Uni Fin Invest, which is based in Mauritius and operates under the regulation of the Financial Services Commission (FSC) of Mauritius. Uni Fin Invest holds an Investment Dealer licence (Full Service Dealer, excluding Underwriting). During our testing, we confirmed that no swap fees are charged for maintaining open positions not only overnight but also during the weekend for several days.
During the account opening process, clients must choose a type of account. However, once the process is completed, they can easily add additional accounts with just one click. Scalping, hedging, and the use of expert advisors (EAs) for algorithmic trading are permitted. For instance, arbitrage trading is prohibited under their Customer Agreement. Log in to your online trading account or download the app and launch it to start trading. Download our app and keep track of your orders whether you’re in the office, on vacation, or at home.
Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. Although the broker does not operate under a major regulatory body, its reputation for reliability and customer protection policies has earned the trust of millions of users. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
worldtradex Trading Fees
worldtradex also operates under other entities that are regulated by lower-reputation organizations. After selecting this option, we entered the amount, wallet address, and a security PIN (sent via email during the account setup with worldtradex). The request was completed in under a minute and did not require sending an email or notifying customer service. One question that arises during the review is what happens with the bonus (credit) if the account balance falls below zero. In such cases, if the account balance turned negative, the credit from the bonus would be automatically cancelled, preventing the account from https://lunarcapital.vip/ going negative.
Essentially, the broker lends the trader money so that they can open bigger positions. Leverage multiplies the profits a trader generates from winning positions, but also the losses incurred from failed trades. I tested the worldtradexTrader web platform and was impressed by its seamless design, high-definition charts, and, especially, its ‘Space’ and ‘worldtradexVision’ features. ‘Space’ represents an all-in-one research tool, including actionable trading ideas, AI-generated signals, market news, technical breakdowns, and more. The ‘worldtradexVision’ AI tool helps traders track their performance and learn from their mistakes. Deposits and withdrawals are also free of charge with the broker, though third-party processing fees may apply.
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