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 if you use custom indicators or strategies as it provides the MQL4 library which you can use to create bespoke strategies.

What our clients say about trading with us

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.

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.

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.

MT4 platform available

The range of deposit methods is decent, covering traditional, e-wallet and crypto, giving you a great choice of how to deposit (and withdraw) with no fees. I found the account opening process to be rather straightforward where you complete an application filling your personal details and choose the platform you wish to work with. In my case it was the MetaTrader 5 platform, however, I found that once your account is open you can select different platforms from within the dashboard.

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.

Order details for the worldtradex Forex profit calculator

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 https://worldtradex.bid/ on a partner site.

How to determine the Stop Loss and Take Profit levels with the calculator

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.

• You can track performance metrics, manage multiple traders, and withdraw profits anytime.
• The worldtradexFX ERC20 withdrawal enables traders to transfer Tether (USDT) via the Ethereum network quickly and securely.
• I opened an MT5 Trading Account to test the broker’s trading conditions and I was impressed with the spreads worldtradex supplied.

This makes worldtradex an attractive option for stock trading CFDs as you won’t need to worry about swap fees cancelling any day’s profits, so you can keep the positions open. worldtradexFX is a global forex and CFD broker that has been providing online trading services since 2011. Headquartered in Saint Lucia, the company has grown to serve over 12 million client accounts from more than 180 countries. worldtradexFX is regulated by several decent financial authorities and has a good record in that regard. We help you develop the knowledge and skills to trade efficiently and responsibly. Every year we improve our conditions and standards in an ongoing effort to make trading with the #1 Forex broker worldtradexFX your best experience in the market.

If you are interested in automating share CFDs, MT5 is the only platform 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.

Customer Service

However, in my experience with regulators like MAS, they are very professional and helpful Worldtradex reviews 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.

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.

TradingFinder.com assumes no responsibility for any potential losses or damages. Past results are no guarantee of future success, so make your financial and investment decisions with utmost care. To register, visit the website, verify your email, complete personal info, and upload KYC documents (ID + proof of address).

• Overall, the account opening process took 3 minutes which is the fastest application I have completed for opening a live trading account.
• I found the signals to clearly demonstrate the trading idea and the market commentary is a nice touch to help explain the move.
• The only traditional method available was Mastercard (debit card) which I used to fund my account and was instantly applied to my trading account after making my deposit.
• I’d like to have seen an option for bank transfers as I feel most secure about this process.

worldtradexFX Broker support and customer services

We offer convenient portfolio management, transparent trading conditions, helpful educational materials, and easy-to-use service where nothing distracts you from making a profit. Yes, worldtradex is legal and regulated across multiple jurisdictions covering the EU and Asia. For the EU, it is regulated by CySEC which is a Tier-1 authority and for the rest of the world you will be regulated by MAS or MISA. By being regulated across multiple jurisdictions it allows worldtradex to provide retail financial services to traders across 180 countries. worldtradex is based in Saint Lucia but has multiple entities outside of Saint Lucia to provide financial services to clients in 180+ countries. Depending on where you are from, you can open an account with a different entity that is regulated by either CySEC, MAS, or FSC.