Withdrawing from my account was also fast, according to my account manager each withdrawal takes roughly 2 hours to get approved. Once approved you can expect the funds to be in your bank account/wallet within 30 minutes which is extremely good service in my opinion. The worldtradexTrader has the least options for technical analysis too with 19 indicators, 11 drawing tools, and 7 timeframes. However, after testing I found the platform covered the top indicators like volume and moving averages along with Fibonacci retracement tools. With worldtradex being an ECN broker, I found MetaTrader 5 can utilise its advanced features like depth of markets tool for you to analyse market order flow. This is a great tool if you scalp or day trade as you can use the data to find hidden support or resistance while helping you spot breakout trading opportunities.
What Platforms and Applications does worldtradexFX Forex broker offer?
Withdrawals must be made using the same methods as deposits, meaning all available deposit methods can also be used for withdrawals. To enable multiple withdrawal methods, a new deposit using a different method is required. The processing time can vary from 30 minutes to three business days, depending on the method and conditions.
Finally, worldtradexFX cannot accept clients from certain regions including the U.S.. If you are in one of these regions then you should take a look at someof the other great forex brokers and find another broker to suit. This section holds some introductory articles to forex trading that are most suitable for traders at a beginner to intermediate level. This section is nicely laid out and covers some of the more important aspects of forex trading. For traders https://worldtradex.pro/ relying on some support throughout their trading journey, finding a good support team will be crucial to your experience.
worldtradex review 2025:
The term leverage is the ability to have access to added funds – margin – when trading financial instruments. Although increasing your margin could boost your market exposure, it also raises your vulnerability to losses. worldtradex operates under various regulatory frameworks depending on the entity through which an account is opened. Residents of the European Union receive the highest level of regulatory protection, as worldtradex Markets Cyprus LTD is regulated by the Cyprus Securities and Exchange Commission (CySEC).
With an unrestricted number of traders to copy, clients can create a balanced trading strategy for themselves. To make it easier, worldtradexFx has a Copy Trading app developed differently from the mobile app. The Copy Trading app is available for Android and iOS devices.
Processing Times
These labels denote some milestone that the Master Traders have reached, although their performance and results can vary. 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.
However, in my experience with regulators like MAS, they are very professional and helpful 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. The profile for each trader was more detailed showing profit and loss, drawdown, and copy follower growth which I like to use as a leading indicator of trader performance. You also have a track record of the trader’s order history, giving you a transparent insight into the trader’s performance. I also found an interesting feature called Spaces where you can customise an area with trading alerts and real-time news announcements.
- Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out worldtradex’s educational offering.
- This regulation does not provide significant protection for consumers.
- Commodities like Gold and Silver are on the other hand, tradable on spot for a minimum spread of 1.9 pips and 2.0 pips respectively.
- We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.
- The worldtradex mobile app allows users to manage all their accounts.
Popular Forex Guides
This can help to prepare trades if you are in a rush or just not that good at maths. The most I liked was the MT5 trading platform with its advanced indicators. See how worldtradexFX compares to the leading Forex brokers by reading one of the reviews below. Traders looking at the pro account will have access to the slightly more advanced MT5 platform. The layout for this is different to the MT4 platform so there will be a slight learning curve. Lastly, you can choose the ECN account which uses the worldtradexFX cTrader platform.
Copy Trade and Investment Options
CTrader has a desktop version, and is also available in apps for android and iOS. However, for live account types, clients must complete the KYC process before initiating positions or https://worldtradex.club/ withdrawals. Below is the step-by-step guideline of registering with the broker via desktop. Available trading platforms include MetaTrader 4 (Web, App, and Desktop), MetaTrader 5 (Web, App, and Desktop), and the proprietary web-based worldtradexTrader, along with the worldtradex Copytrading app. The worldtradex mobile app allows users to manage all their accounts.
These include both on the PC version as well as the mobile apps. worldtradexFX’s customer support is available 24 hours a day, 5 days a week. They can be reached on live chat for some quick-fire questions, or more complex questions can be sent to the phone or email team.
I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform. In this sense, worldtradex offers swap-free trading in its purest form. 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.
