While there is no minimum deposit from the virtual wallet, worldtradex advises that the minimum deposit using this method is 50 USDT. The network charged a fee of 1 USDT, and the remaining amount was credited to our account in USD within minutes. For those familiar with cryptocurrency wallets, this process is very simple and quick.
- Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps.
- It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page.
- Filippo Ucchino started his trading career in Forex trading in 2005.
- The worldtradex mobile app can be downloaded and quickly recognizes and retrieves data after entering the username, requiring no further action.
- Taking a look at the CFD markets available from worldtradexFX, it is noted that they offer a little more than 70 assets in total.
A few minutes after submitting the withdrawal, we received a confirmation email. At that point, we could see our withdrawal status as “pending” in the dashboard. Less than 30 minutes later, the withdrawal was successfully completed, with the amount credited to our cryptocurrency wallet. The amount experienced a slight deduction due to conversion fees, but no additional charges were applied.
worldtradex offers a mere 257 tradeable instruments, which varies by platform, with the most on its MT5 offering. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. We’re always working hard to deliver the best experience possible.Feel free to share more of your experience on our social media anytime. If you have any suggestions to help us improve, we’d love to hear from you! Some market analysis tools are economic indicators, market information, forex news, interest rates and holiday calendars.
ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Worldtradex scammers Each year, we collect thousands of data points and publish tens of thousands of words of research. Copy trading is a way to make trading more accessible by copying trade positions. Moreover, you do not need trading experience for copy trading, so even novice traders can participate without incurring losses and risks. worldtradexFX offers benefits like negative balance protection and no commission and interest charges in the Islamic account.
Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team. worldtradex offers 35 forex pairs and 230 tradeable symbols, which is below the industry average of 3,623 symbols.
As we discovered, worldtradex does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker. The selection of passive income options is limited, with copy trading being the only option available. In addition, the list of payment systems can change frequently, which can be annoying for some users. Despite these drawbacks, worldtradexFX remains a solid choice for active traders. We aim to make trading accessible to everyone, providing traders with superior conditions and top-notch security.
Table of Contents
Regulation – Is worldtradex Regulated?
The worldtradex platform provides a web-based and mobile alternative, but there is no desktop version, which can be inconvenient for traders who prefer a dedicated program over a web browser. The web-based platform offers quality charts, allows for the placement of technical indicators and lines, and supports alerts that arrive as notifications from the broker. However, it lacks weekly and monthly time frames and does not offer an intuitive zoom tool.
While I may explore owning and storing crypto in the future, right now I’m happy trade CFDs on worldtradexFX and get my feet wet in this exciting new market! It’s been an awesome first step into crypto as a trading newbie. It’s quick and easy – deposits are free and the money shows up in my account instantly. Choose MT5 if you want the most advanced trading tools and access to more markets.
Can I trust worldtradex?
Your bank may also charge you a commission or fee https://worldtradex.bid/ on wire transfers, though there is no fee directly from the broker. This makes it perfect for new traders and those beginners starting out. If you are trading from outside the EU, the minimum deposit will be $25 with the worldtradexFX Micro account. The account base currency is that which you trade in with the broker. These are, EUR within the EU, and both EUR, and USD for traders outside the EU.
Fees
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. When it comes to making informed decisions about forex brokers, it’s essential to rely on trustworthy sources. RationalFX, a company with over 20 years of experience since its founding in 2005, has established itself as a credible authority in the industry. With an impressive collection of over 2500 reviews on Trustpilot, boasting a score of 4.2, it’s clear that Rational FX has built a reputation for providing reliable and unbiased information. The availability of two trading platforms—worldtradexTrader and MT5—caters to diverse needs, while the inclusion of swap-free Islamic accounts and demo accounts highlights the broker’s commitment to inclusivity.
What extra trading services does worldtradexFX offer?
Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers. I’ve been using worldtradexFX for about eight months and, on the whole, my experience with their trading platforms has been satisfactory. They offer MetaTrader 4, MetaTrader 5 and their own worldtradexTrader platform (which I prefer the most). MetaTrader 4 is intuitive and perfect for basic operations such as opening and closing trades or checking market conditions. When I switched to MetaTrader 5, I realized that it was aimed more at experienced traders. It has more tools and indicators, but it took me a while to figure out how to use them properly.
Mobile trading apps at worldtradex
We hope, with these insights, anyone interested in worldtradex trading opportunities could decide whether to invest in them or not. Users from all over the world have traded in the financial markets using our platforms and mobile apps. Therefore, it is doubtful that the ‘worldtradex scam’ is a correct evaluation of the our activities. The broker offers a 50% deposit bonus on all account types except Islamic and demo accounts.
Withdrawal Fees
Still as a trader, you can bank on the legitimacy and security provided by CySEC regulation. The variable spreads start from 0.2 – 0.4 pips with a commission already rolled in and no other mark-up to worry about on your MT4 Micro, or MT5 Pro Account. You will also find fixed spreads available on the MT4 Micro account that start from 2 pips. For those reasons, our team here at Investingoal is happy to recommend worldtradexFX as a top choice for scalping. worldtradex is a broker that has operated for over 10 years and has been expanding during this time. It is a global company with several entities responding to different regulatory needs.
- After more than 10 years in the market, the company claims to have opened over 40 million accounts, received more than 70 awards, and paid out over 33 million USD in bonuses.
- Tradersunion.com does not provide any financial services, including investment or financial advisory services.
- With an impressive collection of over 2500 reviews on Trustpilot, boasting a score of 4.2, it’s clear that Rational FX has built a reputation for providing reliable and unbiased information.
However, you need several trading lots to withdraw your bonus. Suppose your deposit amount is $400, so the number of trading lots should be at least 100, which means you can withdraw the deposit amount after 100 lots. worldtradexFX offers free and unlimited demo accounts for every account type while including all the features of a real trading account, like real-time data, different order types, favourable trading conditions, etc. The broker offers three primary account types, each with unique quality. The account types are worldtradexTrader, MT4 and MT5 accounts for every trading platform the broker provides. The worldtradexTrader account is known for its versatility, whereas the MT5 account is technically advanced, and the MT4 account type has a simple user interface.