I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. Rather than specializing in any one field, worldtradex provides a wide assortment of content types. However, when compared to research leaders IG, Saxo, and CMC Markets, worldtradex has room to enhance its research offering. For instance, I found that the content on the worldtradex Blog is not updated daily across all categories.

Trading instruments may perhaps be too limited for some although the forex offering is probably adequate for most forex trader needs. I think they can be worth consideration for anyone who is primarily looking to trade forex in a regulated environment backed by award winning customer support. worldtradexFX is a global forex and CFD broker that has garnered attention for its accessibility, comprehensive trading tools, and reliable customer service. Whether you’re a beginner trader or an experienced one, worldtradexFX offers a range of options tailored to meet your needs. This review will dive into the key features, regulations, trading instruments, platforms, mobile app, account types, commissions, customer support, education, reputation, and bonuses. By the end, you will have a clearer understanding of whether worldtradexFX is a suitable choice for your trading journey.

Deposit And Withdrawal

You can specify what signals you want to receive and the quality level of these signals (based on historical performance). It can literally save you from hours of scanning the charts and it’s great that the broker provides it free of charge. Client funds are held in segregated accounts in accordance with international regulation standards.

• This broker does not charge its traders with any commission outside of trading for depositing and withdrawing funds.
• The custom-built worldtradexFx mobile trading app features a simple yet functional user interface.
• Any heavy technical analysts out there can create customizable charting indicators through the developer network.
• The broker also offers a demo account, which is essential for beginners who wish to practice trading before committing real money.

Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Some topics include, risk management, trading strategies, and technical and fundamental analysis. New traders might enjoy the firm’s Introduction to the Forex Market as their first read. While MT4 is the most popular out of the two platforms, the cTrader platform does offer more advanced features that are particularly suited to retail and institutional traders.

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). 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. Another decent addition I found on MT5 is the native economic calendar which shows the times of upcoming economic announcements that can impact your trades. I like that it updates in real-time and displays on your charts which I found useful to avoid opening trades during high-impact announcements like US GDP or Non-farm Payrolls.

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. The worldtradex Status Program allows traders to unlock various benefits based on their trading account balance. Benefits include lower spreads, faster transfer and withdrawal times, access to personal account experts, and various rewards based on their trading activity. For every standard lot traded, you earn prize lots, which can be redeemed for items like T-shirts, gadgets, or even a MacBook.

Trading tools

As a trader, you will find a range of features available at worldtradexFX to suit your needs. Here is a closer look at a few of these features and how they can benefit you as an worldtradexFX trader. Here are some of the spreads we found on the most commonly traded assets with worldtradexFX as an example. These are really cool guys and even have a small experience of working with them. The profit calculator lets you choose a trading instrument and enter the position details for a quick and easy calculation of the potential profit. The broker has recently given up its regulatory license with the Financial Conduct Authority in the UK.

worldtradex Markets Cyprus Ltd does not offer its services to residents of the USA, Canada, Belgium, and the UK, as well as other jurisdictions outside the European Union. worldtradex Markets Cyprus Ltd and worldtradexFX.eu are regulated by the Cyprus Securities and Exchange Commission (CySEC). worldtradex Markets Incorporated and worldtradexFX.com are based in St. Vincent and the Grenadines. The number of instruments on offer is relatively limited, and areas of the site could do with being more transparent as it can be hard to pin down certain facts.

It is easy to set up to trade ‘algo’ models on an automated basis, and it offers the expert advisors and MQL5 support services that allow traders to draw on the ideas of others. Likewise, Mauritius is considered Tier-4, as per our Trust Score algorithm. The security of your funds – in terms of regulatory protection – will depend on which worldtradex entity holds your account, and which, if any, relevant regulations provide customer protections. It’s worth noting that worldtradex’s primary execution venue is one of https://worldtradex.blog/ its own entities in St. Lucia.

How to Open an Account and Trade on worldtradexFx Mobile App?

The major forex pairs are offered, yes, but almost no emerging markets are. No stocks are offered, only 2 commodity assets, and 2 cryptocurrencies. When looking at equities, only indices are offered with no option of single stocks, and only Gold and Silver are available in commodities, on a micro account. As worldtradexFX is regulated by CySec, the firm is authorized to offer its services to customers in EU member states.

“Withdrawal Pending for Over 96 Hours – No Resolution”

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. Feedback and rankings from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders. This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices. Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders. My hope is that I can grow as a trader by following other master trades and therefore grasp the logics of market.

Here is a more detailed look at the wide range of top trading platforms you can expect to find when you are trading at worldtradexFX, and what they can provide you with. 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.

Until recently, the broker had also been regulated by the FCA, however worldtradexFX decided to voluntarily suspend their regulation here due to Brexit until the future situation of the UK becomes clearer. 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. If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to worldtradexFX.

• Among the financial service providers, there are fraudsters that we promptly report.
• In line with the desktop version, the worldtradex trading app is execution-focused.
• worldtradexFX offers negative balance protection, so if your balance becomes negative, they will automatically adjust it to zero.
• You can diversify your portfolio with the broker offering gold, silver, crude oil and other commodities.
• Trading and investing in financial instruments comes with a high degree of risk and you can lose money.

Skilling Review 2025: Fees, Platforms, Apps, Pros, Cons & More

After selecting this option, Worldtradex courses scam 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. Copy trading is also available, allowing clients to automatically replicate the trades of other selected traders. Furthermore, through MetaTrader, clients have the opportunity to become “Master Traders,” enabling their trades to be copied by others, for which they receive an income.

The products, features and protection can all vary depending on the entity that you decide to open a trading account with. Opening an account with worldtradex is done online with a few simple steps which enable you to set up a real or demo account. The process also gives you plenty of information about trading in forex markets. Crypto markets are only supported on accounts that use the MetaTrader platforms. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.

The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” 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. worldtradexFX’s award winning customer support team is available 24 hours a day from Monday to Friday. Customer support is provided via online chat, telephone and email in English, Indonesian, Malay, Thai, Hindi, Urdu.