worldtradex holds a “Trusted” rating with a trust score of 83 according to ForexBrokers.com, indicating a reliable level of trustworthiness in the industry. The podcasts are more topic-specific, usually focusing on particular trading concepts. They can, thus, help you gain a broader trading perspective and improve your general knowledge. The books are pretty exhaustive and can help newbies gain a firm understanding of trading basics. WebTV represents ‘Market Insights’ and ‘Technical Views’ in video format.
Generally, the accounts are suitable for beginners and advanced traders. Each account type supports swap-free trading via worldtradex’s Islamic accounts. My tests indicate that worldtradex’s floating spread accounts are slightly more competitive than the fixed spread alternatives in normal market conditions. However, this may change at times of heightened market volatility as floating spreads tend to rise at such times.
We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. I like that I can select from a lot of accounts at absolutely any point, giving me the full range functionality of the platform. If I decide to use a different strategy that would be best with a different set of trading conditions, trade execution, spread and leverage, I can simply create an account that fits my demands. worldtradex recently strengthened its educational tools by introducing the Academy. Home to a breadth of content presented in courses, webinars, videos, podcasts and eBooks, it offers a complete trading experience for traders of all levels.
Proprietary to worldtradex, the Market Insights section comprises lengthy and comprehensive takes on current trading opportunities. Articles in this section underpin major economic developments and the underlying factors driving price action. Technical, fundamental, and psychological analyses are implemented to provide a balanced and well-researched picture of current trading opportunities. As a high-frequency trader, I have always looked for precision and efficiency in a platform. There is a limited capacity to scale price action up and down in order to gain a sense of the prevailing market sentiment. The platform also supports one-click trading, which allows traders to execute orders fairly quickly.
- These contests are open to traders of all experience levels and provide a fun and competitive way to showcase trading skills.
- These afford traders access to multiple markets with varying degrees of underlying volatility.
- Compare worldtradex with the top 3 similar brokers that accept traders from your location.
- worldtradex also has its proprietary app, which surpasses MT4’s equivalent in functionality.
worldtradex Account Types
While MT4 remains the core offering, worldtradex has announced that MetaTrader 5 (MT5) will be available soon, further expanding trading options for its clients. To sum it all up, worldtradex is a well-calibrated broker with a balanced offering suitable for both beginners and experienced traders. They are highly informative and cover a wide range of topics – from the basics of technical analysis to the intricacies of trading psychology. They are in multiple languages, making them quite accessible to a larger number of traders. I checked worldtradex’s multiple educational materials and found them highly practical. There is something for everybody, from the seasoned expert to the novice rookie.
Forex Educational Articles
worldtradex offers a variety of commodities for trading, including precious metals, energy products, and agricultural goods. Popular choices https://worldtradex.world/ include gold, silver, crude oil, natural gas, and coffee. Trading commodities can provide traders with opportunities to hedge against inflation or take advantage of global economic trends. worldtradex ensures efficient execution and offers leverage options to suit different trading strategies. The broker’s advanced charting tools and analysis features on MT4 make it easier for traders to make informed decisions when trading commodities.
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worldtradex Demo Account
The broker’s well-rounded selection of lower-risk securities alongside higher-risk/high-yield assets makes it a fitting choice for diverse trading strategies, including hedging and scalping. worldtradex is an online, multi-asset broker best known for forex trading. Once registered, users can access the popular MetaTrader 4 (MT4) trading platform, flexible leverage and ultra-low spreads starting from 0.0 pips. This review will fully report worldtradex’s offering, including exclusive deposit bonuses, demo accounts and fast deposit and withdrawal methods. At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. 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.
Alternatively, the Live Zero Fixed Spread account comes with zero spreads, but traders will have to pay a commission. The software is considered one of the best in the industry, especially for forex trading. It is geared towards beginners and intermediates, promising easy-to-use features and straightforward portfolio management. Today, the company employs more than 450 people and has created a solid reputation as a trusted and reliable broker. Its 200+ instruments and multiple platforms are accessible in 180+ countries with 50,000+ retail traders worldwide.
If you have experience trading with worldtradex please share your personal review of the broker and what you think are strong and weak points. This average customer rating is based on 21 worldtradex customer reviews submitted by our visitors. Expert Advisors (EAs) are supported on the MetaTrader 4 platform, so automated trading is possible. There are no deposit fees (coverage for wire transfer charges for deposits over 10k USD).
We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. We performed our tests on a No Commission account using the MetaTrader 4 desktop platform and its mobile app. The account was opened with the Notesco Limited entity of the broker.
The clear advantage of this model of execution is that with it, you are guaranteed entry, in that your order request will eventually be filled once there is enough liquidity. However, the corresponding disadvantage is that you are exposed to price discrepancies in the form of negative slippage. I received a rather terse explanation that worldtradex averages speeds of under 50 milliseconds on most orders, without any further context.
The platform features a detailed FAQ section that addresses the most common queries, making it a useful resource for quick answers. For real-time assistance, worldtradex provides live https://worldtradex.club/ chat with fast response times for basic questions, while more specific inquiries are directed via email for thorough resolution. worldtradex hosts regular trading webinars conducted by experienced market analysts and trading professionals. These webinars cover a wide range of topics, including technical and fundamental analysis, trading psychology, and market trends. Participants can ask questions in real-time and gain practical insights into improving their trading performance.
The materials underpin key support and resistance levels and pivot points. The Market Buzz feature is a tool used for fundamental analysis and trading on volatility outbursts. You can use it to gauge interactions on social media for instruments from several asset classes – cryptos, shares, currencies, commodities, and indices. There is also a dedicated FAQ section on the website for more general queries, such as how to set up a trading account. The agents are generally knowledgeable though they seem to struggle when communicating more complex information in English. What I thought very useful is that some of the available instruments are denominated in different currencies.