worldtradexTrader offers a fine array of charting tools to allow for a smooth desktop trading experience. From trend lines, to crosshairs, to zoom tools, they offer a broad range for trading optimization. The trading interface of worldtradexTrader is quite unique, it presents users with extended functionality. It combines market data with charting, so customers can see live prices of instruments even as they perform live analysis. worldtradexFx offers 33+ forex pairs, inclusive of majors (the EUR/USD pair, GBP/USD, USD/JPY), minors (EUR/GBP, GBP/CAD, AUD/CAD) and other exotic pairs. Clients are allowed to trade their favorites, and at that, with low spreads.
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. The spreads on the MT5 account were stable in my tests during the New York and Asian trading sessions. While monitoring the spreads the broker’s EUR/USD spread fluctuated between 0.80 and 0.90, which is slightly more than the minimum advertised. The worldtradexFX Champion offer is a contest run by the broker whereby you can open a demo account and trade for 4 weeks.
Charting Tools
The standard MT4 package, for example, comes with 30 built-in indicators, over 2,000 free custom ones on offer and 700 available for purchase. It’s possible to access the worldtradex services while on the move by using the worldtradexTrader app, MetaTrader app or through internet browsers. During our testing, we did find that when we scaled up into maximum position size, we were able to get very close to using up our maximum margin capacity when executing. This is an observation rather than a criticism as it just demonstrates the way the site allows aggressive trading strategies to be carried out.
The broker’s login process begins with a visit to the official site, worldtradexfx.com, on desktop or a click of their app on mobile. To login in, your email, password and captcha verification is needed. Clients can initiate a withdrawal by logging into their trading accounts and clicking on the withdrawal option, visible on the homepage.
Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms. He is an expert in Compliance and Security Policies for consumer protection in this sector. Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings.
Deposit Methods
Overall, the account opening process took 3 minutes which is the fastest application I have completed for opening a live trading account. The deposit options with worldtradex are decent, giving you multiple ways to fund your account with no deposit fees. The only traditional method available was Mastercard (debit card) which I used to fund my account and was instantly applied to my trading account after making my deposit. The worldtradexTrader has the least options for technical analysis too with 19 indicators, 11 drawing tools, and 7 timeframes.
The broker claims to process all withdrawal requests received within 1-3 hours. Depending on the withdrawal method used, the minimum withdrawal amount is $5. However, customers can withdraw as many times as they wish and withdrawal is free. With them, you can place buy and sell orders in market conditions specified by you, typically based on price movements and technical indicators.
Q: What kind of customer support does worldtradexFX offer?
Pepperstone is an online broker that offers traders access to the global markets. The broker has been in business since 2010 and has a strong reputation. Lastly, low spreads, user customized account types, 0% commissions, fast payouts and a rich educational library are the company’s strong points.
- The worldtradexTrader platform is innovative, modern, and very well suited for beginners.
- The company’s educational library is well maintained and offers rich learning resources that includes webinars, articles, platform tutorial videos and a video course.
- There is also a Trader’s Glossary with precise definitions of common forex terms to help clients become familiar with different trading terminologies.
- Such success is built on developing an approach that is, first and foremost, trader focused.
Q: Are there any promotional offers or bonuses available for new users at worldtradexFX?
Forex pairs, metals, indices, energies and cryptos are all available, but traders looking for single stock names will be disappointed. With less than 100 instruments on offer, there is no space for the more complex instruments such as options found in the quieter corners of the financial markets. Our market analysis service offers the latest currency rates, including EURUSD and GBPUSD, intelligent technical analysis tools, and daily market insights from our experts. Enjoy smooth and convenient trading with user-friendly interface on a fast and stable platform. As for education, I thought worldtradex did a good job at presenting the basic concepts of forex trading through an online video course.
Desktop Trading Platform
Then, use news and other sources of market information to predict how the market is going to move and open an order. If you are unsure where to start, try reading more about trading or browse Space Worldtradex scam for live trading ideas. Space is a unique live feed designed by worldtradex to get you fresh trading ideas right in the worldtradexTrader trading platform.
- The deposit options with worldtradex are decent, giving you multiple ways to fund your account with no deposit fees.
- Again, the provision of standard demo accounts helps clients learn trading and key trading techniques without fear of loss or risk to real funds.
- This means that you can never lose more money than the balance of your account.
- Additionally, be aware of inactivity fees if your account remains dormant for an extended period.
There is virtually no performance differencebetween these mobile apps and desktop apps. worldtradexFX traders are able to executive lightning tradesat visible prices without any slippage. Any trader understands the importance of receiving reliable and knowledgeable help when faced with challenges. worldtradexFX prides itself on providing professional support that is not only accessible but also highly informative. Their support staff are well-trained and equipped to handle a variety of issues, assisting you with clear, effective solutions to your inquiries. Both MetaTrader MT4 and MT5 stand out for the charting tools they offer.
That means you can access wire transfer, credit/debit cards, and some eWallets like Skrill. These typically take 1 day to process or less, though a wire transfer may take longer. worldtradexFX doesn’t charge traders any commission for holding an order overnight. Here you can benefit from the ICF insurance protections provided in the case of bankruptcy or insolvency.
The app has been downloaded more than 5 million times, with a 4.5 star rating out of 5, which is impressive indeed. The worldtradexTrader platform is innovative, modern, and very well suited for beginners. There is an element of simplicity that you find in many of the more bespoke platforms designed for the modern user that many will enjoy.