Additionally, worldtradexFX offers swap-free accounts for traders who want to avoid overnight charges. For traders who want to practice before committing real money, worldtradexFX offers a free demo account. The demo account is fully functional and provides access to $10,000 in virtual funds, enabling users to test their trading strategies in real market conditions. The number of markets is also different across the platforms, but none of them offers a range of instruments that could in any way be called excessive.

Moneta Markets is one of the most discussed CFD brokers these days due to its increased popularity. In this review, you will learn the broker’s fees, spreads, leverage, deposit & withdrawal methods, regulations and safety measures for investment in detail. We’ll also explain how to open and verify an account at Moneta Markets. In terms of tools, traders can choose the most convenient platform among worldtradex Trader, MT4, and MT5. With the mobile worldtradex app, you can manage all accounts without downloading MT4 and MT5 on your phone.

These are all useful and important tools to utilize for any forex trader on all platforms and brokers. Matching your base currency to that of your deposits and withdrawals can be an important way to help you save on paying conversion fees which ultimately increase your cost of trading. The account base currency is that which you trade in with the broker.

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. If you lack the programming skills, the MetaQuotes Marketplace provides a library of 10,000+ custom indicators from the MT4 community you can use. MetaTrader 5, and worldtradexTrader giving you a decent choice for personalising the way you can trade with the broker. Bitcoin and cryptocurrencies can be traded on worldtradexFx but not bought outrightly. With a rating of 4.4 out of 5 after 3.9K+ reviews, the company reputation speaks for itself regarding legitimacy concerns.

It is clear that the Education section of worldtradex’s website is of great importance to the broker. All of the materials are of high quality and cater to beginners, intermediate and advanced traders. That worldtradex is catering to all these groups is a big plus for the site, and the resources are made available to traders using demo as well as live accounts. Crypto markets are only supported on accounts that use the MetaTrader platforms. There is a strong trader focus to the platform backed by very high-quality industry-standard research and learning services coupled with a strong in-house copy trading facility. The pushback comes from the more limited number of instruments a user can trade on this platform.

• In addition, worldtradex provides extra services to its clients, including educational content, relevant information, bonuses, and customer support, which are readily available to resolve any issues.
• worldtradexFX offers a wide range of payment methods for deposits and withdrawals.
• 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.
• 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.
• 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.

Bonus and promotions

Additionally, the steps on how to create an account and the verification processes will also be covered. The MT5 account, also called innovative account, is an account type for clients with trading expertise. Its trading instruments are inclusive of forex, commodities, indices, cryptocurrencies and stocks. The company currently has a proprietary trading platform known as worldtradexTrader.

• This is because European forex laws allow brokers that are licensed in a country within the EU to service clients anywhere within the European Union.
• To change the leverage on worldtradexFx, users first have to login to their trading account.
• That said, keep an eye out for higher commission with these accounts.
• No, the broker does not offer real shares as part of its trading instruments.
• Another program offered by worldtradex is a tiered loyalty program (without fees), where traders advance through categories based on their account balance, gaining access to benefits and rewards.

Trustpilot Users’ Review About worldtradexFx

If you need an worldtradexFX Islamic account, then these are also available. Here will have an account that is totally Sharia law compliant and benefit from the award-winning service of worldtradexFX in the area. When it comes to regulations, worldtradexFX is regulated by CySEC under #372/18, and by the regulatory body of Saint Vincent and the Grenadines under #19776. Due to that, we highly recommend worldtradexFX as a great place to copy trade but caution you to remember that due to a limited number of assets, your portfolios can be less diversified. This can result in comparatively bigger movements than a well-diversified holding so is something to keep in mind.

worldtradex offers 5 crypto markets like bitcoin, ethereum and litecoin — this is a limited range. On the upside, those markets that are available are traded using the MetaTrader platforms, so at least the quality of service is guaranteed to be high. The in-house worldtradex copy trading function is a welcome addition to the suite of services. I feel that the platforms should have more than enough tools for most of you to get by. You can also find loads more of free and paid add-ons to further enhance their capabilities. There are programming interfaces if you wish to build your own tools or you could hire someone to do it for you if your coding skills are limited.

“Copy trading”

Copiers will be charged commission the moment a trade is opened, and you will receive the commission through a special Wallet. This profile aggregates professional traders’ performance, displaying it to the public and letting them promote it. As worldtradexFX is a CFD broker, you will be trading on margin and using leverage.

Supported Countries

Use our country selector tool to view available brokers in your country. We couldn’t leave this review without highlighting some areas where the broker could improve. The best part is that most of the content is free of charged and can be viewed on the firm’s website. So, if you’re a beginner, why not give yourself a leg up before going head first into the world of trading? worldtradexFX boasts an average of 7 seconds to respond and 3 minutes to find a solution to clients’ issues or answer their queries.

However, not all platforms have the same instruments available for trading. However, the range of available methods for the region where the review was conducted from is not very broad, as transfers and credit cards (debit) are not available. Still, the experience with cryptocurrencies was quick, successful, and efficient. Withdrawals must be made using the same methods as deposits, meaning all available deposit methods can also be used for withdrawals.

worldtradexFX Champion offer

You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money. The promo codes, according to their customer support, is a unique offer for some new clients. Nevertheless, new users can always use the promo codes of worldtradexFx affiliates to receive bonuses or chat with the live support on their website to get the promo code.

These include standard accounts for beginners and ECN accounts for more experienced traders who want tighter spreads and faster execution. Each account type is tailored to suit different trading styles and budgets. I like that worldtradex provides a variety of trading platforms that all trading styles can use, making the broker a versatile option to benefit from the lower trading costs.

I like how they operate as an ECN broker as this means they can deliver superior trading conditions which can be important especially for those who are day trading and using scalping strategies. The broker has some useful trading tools, educational resources and a prompt customer support team on hand to assist you as and when needed. Overall, I think they can be a good choice of Worldtradex website broker for beginners or active traders who are looking for robust trading conditions in a regulated environment.

The cTrader trading platform is designed specially for electronic communication networks ECNs, and offers direct STP access to currency trading markets. STP (Straight-through processing) is basically done through electronic transfers. With cTrader, users can trade directly with prominent banks globally. It has no restrictions on Stop/Limit levels and allows users to perform multiple functions like reverse, double or close all positions in one click.

worldtradexFX supports a wide range of withdrawal methods, including bank transfers, credit/debit cards, and e-wallets like Skrill, Neteller, and cryptocurrency wallets. Most withdrawals are processed within 1-3 business days, and users report that the process is generally fast and reliable. It ticks many boxes for traders, who can access it through the live chat, email, phone, or by using an enquiry form. Upgrading to a live account requires a bit more leg-work but is by no means arduous.