It offers tools for price change tracking, trend pattern recognition, and automated trading. Naturally, it provides Level II quotes, server trailing stops, single-clicktrading and sophisticated charting options. It utilizes cloud servers to backup accounts and keep a centralized tab on all of them.
Money Protection
The firm has a strong foothold in the Asian market through its offering an outstanding trade execution service that appeals to traders from all corners of the world. worldtradex gives a high priority to analysis and education for both new and experienced traders to its platform, having won a couple of awards in 2023 for ‘best education broker’. All the background materials are of high quality, and the videos are supported on YouTube. With 300 markets I found worldtradex provides the major financial instruments most traders would focus on such as forex majors, gold, stocks like Tesla, or cryptocurrencies like Bitcoin. I think this is a sweet spot for the majority of traders unless you are seeking less popular markets or specific stocks to trade. The broker offers excellent deposit and withdrawal speeds that are fulfilled within the same business day during the week.
Overview of worldtradexFX
Through InvestinGoal, Ucchino helps users navigate the world of online investing and trading by providing trading guides, best brokers rankings, broker reviews, and broker comparisons. 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. 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.
I find MT4 makes it easy to customise your charts with 9-time frames from day to tick charts and 3 chart types including bar, candlestick and line. This lets you adapt your charts depending on your strategy, whether you use multi-time frame analysis or are a scalper with tick charts you’ll find it easy to switch on MT4. Should you need it though, the customer service team is available through live chat, phone, and email to deal efficiently with any problems that may arise.
How is worldtradexFX’s Customer service?
This is also a good risk management strategy, as it doesn’t involve taking on big risks in the hope of huge profits. After reviewing these features, you will likely find that worldtradexFX’s platforms offer the tools necessary for a trading edge. worldtradex has made significant progress in a relatively short period of time. Since entering a very competitive market eight years ago, it has built up a client base of almost one million traders and won a host of industry awards.
74% of clients give the broker a 5 star rating, cementing its place as one of the best forex brokers. Deposits made to trading accounts must therefore be made from bank accounts in your name only. In the case of bank transfers, all requests are processed within 1–3 hours during the working time of the broker’s financial department. However, deposits via Skrill, Neteller, Visa, Mastercard and crypto are instant.
- For those reasons, our team here at Investingoal is happy to recommend worldtradexFX as a top choice for scalping.
- Major stock indices track a basket of the most important stocks on a certain stock exchange.
- While they do offer top trading platforms MT4 and MT5, if you are looking for a wide range of assets they may not be perfect.
- Bitcoin and cryptocurrencies can be traded on worldtradexFx but not bought outrightly.
It is regulated by the FSC in Mauritius, the Mwali International Services Authority (MISA), and CySEC for European traders. The broker has also been operating for 12 years, which is a strong signal of safety in my book. 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. The platform also has 38+ indicators featuring Ichimoku and RSI, while increasing the number of timeframes to 21 for better customisation.
worldtradexFX MT4 Micro Account
- By maintaining your capital in separate accounts, worldtradexFX ensures that there is less risk of mishandling.
- However, on a review that an account has been inactive for long it gets deactivated.
- In their review, they claim their European entity being largely unregulated is a red flag.
- The platform itself is easy to use on both sides and provides you with a good ability to see the performance of other traders and a number of metrics.
- Here you can learn the ropes, ideal for a beginner, with no obligation to enter live trading.
- worldtradex is a global broker, who offers a new take on certain aspects of the retail brokerage space.
A nice feature I liked was the order ticket showing your potential profit and loss in monetary value compared to just in pips like other platforms. This is a useful Worldtradex reviews feature if you’re new to trading as you’ll know your monetary risk instead of guessing with a pip conversion which could lead to mistakes and over-risking your trades. 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.
It is the perfect opportunity to trade in a no-risk environment with virtual funds, but which also perfectly replicates live trading. It is the ideal way to get to know more about a broker or the industry. Compared to other brokers, worldtradexFx claims to have low trading fees and charges nothing on deposit and withdrawal. With an unrestricted number of traders to copy, clients can create a balanced trading strategy for themselves.
The account opening process of the broker is straightforward and can be continued if accidentally stopped. Clients are, however, not allowed to withdraw from their accounts unless the account is verified. The mobile app offers a wide array of tools and indicators ranging from trends, to oscillators, to volumes and lastly bill Williams.
Extensive web trading functionality by worldtradexTrader
He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family. MetaTrader 4 is extremely well regarded in the industry as one of the top trading platforms ever. Here you get exactly what you expect with a very robust and extremely powerful and also lightweight trading platform that can run on virtually any device. 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.
All of the materials are of high quality and cater to beginners, intermediate and advanced traders. That worldtradex is catering to all these groups is a big plus for the site, and the resources are made available to traders using demo as well as live accounts. During our testing, we found the internet browser offered the best route into all the ‘extras’, such as copy trading, that worldtradex offers its clients. Being able to still engage with the full range of services from smaller screens is a real plus-point for the service.
Automated trading helps traders enter and exit positions much faster than manual trading. The MT4 platform offers 30 built-in technical analysis indicators for making calculations based on price movements. These indicators allow traders to predict or confirm trends, patterns, and support and resistance levels. They are categorised into types, such as Trends, Oscillators, Volumes, and Custom. You can choose from a range of available indicators, download a custom indicator, or create your own.