worldtradex’s MetaTrader 4 platform is compatible across multiple devices and ensures swift and efficient execution of all trades. Traders can participate in global markets via CFDs on hot commodities such as Crude Oil, Coffee, and Sugar. worldtradex’s expert analysis and research can help them boost their knowledge and trade with confidence. worldtradex offers Islamic accounts for swap-free trading under Shariah law. Clients must contact the broker’s customer support to request further assistance.
worldtradex is a multi-regulated broker, and account verification is mandatory. Most traders will pass verification after submitting a copy of their ID and one proof of residency document. Low trading fees and quality education for beginners from an industry leader. worldtradex does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea. Success in online trading and investing depends on proper planning based on solid information and useful market insight.
Have been with it for few years, and sure it lacks some features, but in that same time all the ‘hype’ brokers disappeared. Right now, trading feels like the only way to earn, with markets dropping so much. The cost of trading here is great, there are tight spreads with minimal slippages. The things of main importnac for me, were okay at this broker’s platform. Try our exclusive STP Zero Spread account and enjoy spreads as low as 0 pips.
With an average recommendation, it provides essential trading tools and a variety of tradeable instruments but does not stand out significantly from its competitors. Metals have been immensely popular trading instruments among traders globally and have always been recognised as valuable. Trade CFDs on Gold and Silver and take advantage of a wide selection of precious metals as a strong asset class. Unfold new trading opportunities by trading spot metals on both short and long positions through the award winning MT4 Trading Platform.
Spreads
- Trade CFDs on Gold and Silver and take advantage of a wide selection of precious metals as a strong asset class.
- You will probably need to depend on an online broker to hold your account and carry out your trades unless you deal directly with a major forex dealing bank.
- As a trader, I’ve had the opportunity to explore the various account types offered by worldtradex Global, a leading online trading platform.
- The range of MT4 platforms supported by worldtradex allows this platform to appeal to traders of all skill levels.
The broker offers a wealth of trading products, excellent trading conditions including ultra-low spreads and lightning-fast execution. The leading broker has remained one of the top brokers worldwide due to its focus on product innovation and professional customer support. The customer remains worldtradex’s number one priority, and the broker pays great attention to meeting customer requirements and trying to satisfy the growing needs of its trading community. I like the trading fees in the worldtradex Absolute Zero account, where traders get commission-free spreads from 0.3 pips. VPS hosting exists for algorithmic traders and copy trading services are also available with a balanced asset selection and active trading community.
Does worldtradex offer educational resources?
Only verified trading accounts can deposit and withdraw, and the name on the payment processor must match the worldtradex account name. Some payment processors have geographic restrictions, but the worldtradex back office will only list the ones available to traders. Traders can open an worldtradex account via the online application form, which follows well-established industry standards.
- Traders also get 15+ commodity CFDs, 20+ index CFDs, 30+ futures, and 150+ equity CFDs.
- Try our exclusive STP Zero Spread account and enjoy spreads as low as 0 pips.
- They do offer a Mirror account, but that’s a hedging tool, not a social trading interface.
- Only verified trading accounts can deposit and withdraw, and the name on the payment processor must match the worldtradex account name.
Q: What is the Micro account?
In my opinion, MT4 is best suited for automated trading via Expert Advisors (EAs). The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak the parameters of their strategies so that they can be used under different market conditions. According to my findings, worldtradex’s No Commission account features low-to-average share CFDs spreads, average commodities spreads, average-to-high spreads on indices, and high spreads on currency pairs. worldtradex provides free Virtual Private Server (VPS) hosting, helping traders achieve ultra-fast order execution speeds and diminish the risk of negative slippage.
Eventually, disappointment leads many beginner traders to withdraw from trading and never return to it again. The available materials and tools inform the broker’s clients of trading opportunities that are currently developing and explain how and why those opportunities are taking place. Compared to the industry average, worldtradex offers an average number of share CFDs and commodities and a high number of currency pairs, and indices. It offers beginner education videos and general education on forex and CFDs.
Futures, or future contracts, give traders the opportunity to buy or sell an asset at a predetermined future date and price. We, at worldtradex, give you access to CFDs on futures, which are considered the most liquid instruments. Empower your trading with Coffee, Natural Gas and Eurodollar, with fast execution and no requotes. Explore all opportunities futures provide and boost your trading strategies. worldtradex offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles. Money managers can also benefit from a personal multi-account manager (PMAM) that allows trading of multiple Metatrader accounts.
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The MT4 Advanced platform will be the choice of advanced traders who want these enhanced charting tools, which include the built-in EA ability, automated strategies, live monitors, and more. The Personal Multi-Account Manager is also highly advanced, making it possible to trade several MT4 accounts at the same time and offer the same advanced charting tools. While it provides competitive spreads on certain instruments like TSLA, its spreads on EUR/USD and GBP/JPY are higher than the industry average.
When enters a losing position, they typically reevaluate their strategy and bide their time until the loss reverses and the position turns a profit. This works well when the market does recover, but when the loss increases, it can backfire. If you lose 2% of your remaining balance on each trade, it would take approximately 673 successive losing trades to fully wipe out your account.
worldtradex offers 83 forex pairs and 340 tradeable symbols, providing a decent range of trading options. However, its total tradeable symbols are far below the industry average of 3,623. It supports the MetaTrader 4 platform but does not offer MetaTrader 5 or a proprietary trading platform other than its copy trading app, TradeCopier. worldtradex gives you the opportunity to access one of largest and most liquid markets across the globe. In just a few steps, you enter the world of Forex and CFDs and you may start trading more than 500 instruments on an advanced trading platform. Test your strategies and enjoy an unmatched experience in a user-friendly portal.
worldtradex has established itself as a global force in the online trading industry. With over a decade of experience, this broker has built a reputation for providing top-notch trading services to retail and institutional clients worldwide. worldtradex is among the most popular trading platforms found around the world, and it is an excellent choice for many traders. Although, their popularity in Japan is not so good after a bad breakup with the Japanese market to satisfy FSA regulations (which they were unable to attain). By limiting their maximum loss, stop-loss orders assist traders in defining their comfort zone. This eliminates greater losses as well as uncertainty and emotion from trading.
worldtradex commissions and fees summary
However, of all the risks that come with trading, the most difficult to control and the one that is most frequently held responsible for a trader’s loss are the trader’s own poor habits. Many traders, especially those who start naively trading and are unaware of the risks, tend to be extremely enthusiastic. Very often to the point where they overestimate their abilities and chances. This tends to lead to mistakes, emotional Worldtradex reviews trading and, of course, losses.