If you are trading from outside the EU, the minimum deposit will be $25 with the worldtradexFX Micro account. You can look forward to trading with the MT5 trading platform on this account where the spreads start at great value from 0.2 pips. The first, and best place for most traders to get started is an worldtradexFX demo account. Here you can learn the ropes, ideal for a beginner, with no obligation to enter live trading. The combination oflow spreads and fast execution speeds make this broker a great choice for scalpers.
It offers a variety of educational resources, including webinars, video tutorials, and articles on Worldtradex review various trading topics. Its demo account allows newcomers to practice trading without risking real money. Since its establishment in 2011, worldtradexFX has been a prominent name in the Forex trading industry. worldtradexFX offers many services for traders of all experience levels.
A quick comparison of different accounts offered by worldtradexFX
OcatFX is one of the most well-known CFDs and Forexbrokers in the world at present. This platform has clients originating from over 100nations around the world. It is important to note that the UK’s FinancialConduct Authority considers worldtradexFX as a legitimate and regulated brokerage. With Raw Spread accounts offering spreads from just 0.0 pips and low commissions ($3.50 per lot), IC Markets keeps your trading costs transparent and super competitive. From currency pairs and metals to energies, stocks, and indices—FBS offers a huge variety of trading options to help you build a well-rounded portfolio.
- According to worldtradexFX, they never charge commissions, ensuring a transparent and cost-effective trading environment.
- If account balances become negative due to Stop-Out, worldtradexFx compensates the account by adjusting the account balance to zero, ensuring the risk is limited to only deposited funds.
- However, on a review that an account has been inactive for long it gets deactivated.
- Our robust risk management system ensures that you can never incur losses beyond your initial deposit.
- The company currently has a proprietary trading platform known as worldtradexTrader.
- MT4 is ideal for novice traders due to its user-friendly interface and many available trading tools.
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Other traders’ positions can be copied automatically or modified. With an unrestricted number of traders to copy, clients can create a balanced trading strategy for themselves. To make it easier, worldtradexFx has a Copy Trading app developed differently from the mobile app.
The future of cryptocurrencies
The slight difference between ECN and DMA in terms of the liquidity provided is that the typical ECN brokers liquidity providers are not known. 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.
4 of these are available for trading through MT4 and this offering includes major indices from the EU, US, Australia, and Japan. Even though the spreads can also be very low on MT4, and MT5 accounts, as low as 0.2 pips. However please be aware that some fees may be applied in certain cases. This account type is a great starter account, though at the moment is not available to EU traders.
Some of the best forex trading apps in India include Zerodha Kite, Upstox, and Angel One for their user-friendly interfaces and strong features. If you’re searching for the best app for forex trading that’s reliable, beginner-friendly, and packed with features, worldtradex might just be your perfect match! With 12+ years of experience and a presence in over 180 countries, worldtradex is a trusted global broker that supports both new and seasoned traders.
The first currency is called the base currency, and the second is the quote currency. The price tells you how much of the quote currency is needed to buy one unit of the base currency. These accumulated funds, after “defrauding” these investors/users, were transferred to multiple e-wallet accounts or to bank accounts of dummy entities, it claimed.
Customer Service
No hidden fees, no swap charges, and zero commissions, just smooth, cost-effective trading. Use the MT5 mobile app (available on Android and iOS) to stay connected on the go. The web version lets you trade right from your browser, no downloads needed. Take your analysis to the next level with 38 built-in indicators and 44 drawing tools.
Regulation and Safety of Funds
In terms of trading conditions, worldtradexFX is comfortably nestled within the industry average. They provide mid-market spreads which, while not exceptional, are in line with what one would expect. The commission they charge per lot closely mirrors what’s prevalent across other competitors in the market. From my perspective, starting a trading journey with anything less would be ineffectual, rendering the $100 benchmark quite sensible. worldtradexFX has displayed a penchant for engaging its user base by hosting regular contests. This serves as a platform for both amateur traders on demo accounts and seasoned professionals with real accounts to showcase their prowess.
- The Mobile app offers market data; quotes in simple and advanced modes.
- First off, you will notice when you are trading at worldtradexFX that the broker website has a huge FAQ section which in itself covers a range of topics with dozens of answers to the most common questions.
- It is important to note that the UK’s FinancialConduct Authority considers worldtradexFX as a legitimate and regulated brokerage.
- It’s the largest and most liquid financial market in the world, with over $6 trillion traded every day.
- worldtradexFX offers multiple channels for investmentincluding credit/debit cards, bank wires, Skrill, Neteller etc.
worldtradexFX has a truly impressive array of features andoptions to offer to traders. Their personal support is also genuine andcustomer care executives seem to eagerly resolve client queries and problems. This account is meant for those with a goodunderstanding of Forex and a willingness to invest for larger profits. Thisaccount offers the lowest spreads which allow for the maximum length of tradeoptions. Trade directly from TradingView charts by connecting with supported Indian brokers like Dhan—making your trading experience smooth and simple.
worldtradexFX’s parent company is regulated by the Financial Services Authority (FSA) in St. Vincent and the Grenadines. While the FSA regulates the broker in financial matters, it does not actually regulate the key products of the company, which is Forex and cryptocurrencies. worldtradexFX is regulated by the Cyprus Securities and Exchange Commission (CySEC), a reputable financial regulator within the European Union.
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Speed matters, and IC Markets delivers—orders are executed in under 66 milliseconds, helping reduce slippage and giving you an edge in fast-moving markets. Choose from Micro, Standard, or worldtradex Zero accounts, each designed to suit different trading styles and experience levels. 99% of trades are executed in under one second with no requotes or rejections so you can act fast when the market moves. Your funds and data are protected with strict regulatory compliance and advanced encryption. worldtradex’s customer service is fast, friendly, and available in multiple languages, whenever you need it.