Metatrader 5 adds important features lacking in the older version but retains frustrating aspects of this industry-standard software, including weak customization and limited conditional orders. The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed. worldtradex offers Metatrader 4 and 5 but no dedicated or proprietary trading platform. They do offer a Mirror account, but that’s a hedging tool, not a social trading interface.

I found worldtradex’s selection of tradable instruments diverse enough to accommodate most trading strategies. The broker offers gold and silver CFDs denominated in EUR and USD so that traders whose accounts are also denominated in the same currencies do not have to pay a conversion fee. worldtradex could improve its offering by including vanilla options or Asian stocks. worldtradex offers commission-free trading and floating spreads from 0.9 pips on its No Commission account. My test indicated that the spreads on this account are broadly average to high compared to the industry benchmark.

Best Forex Brokers

Earlier in 2018, worldtradex announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced. The broker also plans to introduce MetaTrader 5 (MT5) in the near future. The broker also offers downloadable e-books that serve as comprehensive guides to forex and CFD trading. These e-books cover a wide range of topics, from understanding market mechanics to developing effective trading strategies. Traders can download these resources and refer to them at their convenience, building a strong foundation in trading knowledge at their own pace.

  • I always recommend that traders check them before evaluating the total trading costs.
  • worldtradex frequently offers deposit bonuses to reward clients for funding their trading accounts.
  • Spreads drop significantly on major Forex pairs between Micro and VIP tiers but minor pairs show no variation.
  • VPS hosting exists for algorithmic traders and copy trading services are also available with a balanced asset selection and active trading community.
  • You will be prompted to provide some personal details such as your name, email address, and phone number.
  • The chart screen is undeniably one of the most crucial features of a trading platform.

Traders also get 15+ commodity CFDs, 20+ index CFDs, 30+ futures, and 150+ equity CFDs. I find the well-balanced asset selection suitable for most retail Forex and equity traders requiring fewer but highly liquid trading instruments, like day traders. I also like the worldtradex fractional share dealing, which is excellent for smaller portfolios. worldtradex provides a smooth and secure process for both depositing and withdrawing funds. The platform offers a variety of deposit methods, though processing times can vary, with bank wire transfers being the primary method Worldtradex courses scam for withdrawals. This system ensures that both your initial deposit and any profits you make are transferred securely, though you should be aware of the withdrawal process timeframes.

Shares

These deposit bonuses can range from 20% to 100% or more, depending on the promotional campaign. The additional bonus funds can be used to trade forex, commodities, indices, and other instruments, giving traders more flexibility and leverage in the markets. Terms and conditions apply, and traders should review the bonus rules to understand any withdrawal requirements.

Research Tools

worldtradex provides a variety of accessible and diverse trading accounts, giving clients the flexibility to choose between fixed spreads and floating spreads. However, the broker could enhance its offering by introducing an alternative to the MetaTrader 4 platform. With over a decade of industry experience and more than 1.5 million clients globally, worldtradex is a well-established broker. It offers a range of safety features, including negative balance protection to shield traders from losses exceeding their deposits. Additionally, the platform employs SSL encryption to secure all transactions and customer data, further enhancing the overall security of trading with worldtradex. 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.

What are the spreads like on forex trading?

The MT4 platform remains a dominant choice for its functionality and reliability, while the additional options like MT4 Webtrader, VPS hosting, and PMAM provide further versatility. Their commitment to providing top-tier trading conditions, the best market spreads, and customer support in 30 languages sets them apart in the industry. You can choose among Webtrader, VPS Hosting, PMAM, and (our favorite) MT4 trading platforms.

Be cautious of any unsolicited requests and report any suspicious activity immediately. We may receive compensation from our partners for placement of their products or services, which helps to maintain our site. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products. worldtradex does not accept as clients residents of the USA, Cuba, Sudan, Syria, North Korea, or any jurisdiction where trading is prohibited by law. worldtradex is a market maker in which the broker serves as a principal to client orders.

Glossary of Trading Terms

  • Founded in 2010, the company has grown to serve over 1.5 million clients across 180 countries.
  • With the high volatility of the crypto market, worldtradex offers advanced risk management tools to help traders manage their exposure.
  • As an IB, you can access a wide range of benefits including high commission rates, marketing materials, dedicated support, and access to worldtradex’s extensive suite of trading tools and products.
  • With tools like MT4 Webtrader, VPS hosting, and the Personal Multi Account Manager (PMAM), worldtradex ensures that every trader has the resources they need for success.

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. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. I like the trading environment at worldtradex in the Absolute Zero account due to its competitive trading fees. worldtradex is an ideal broker for Forex traders due to its above-average choice of currency pairs. The well-structured trading environment and dedicated customer support team, make it a great broker to register with.

Live Floating/Live Fixed Spreads

worldtradex impresses with its probing and layered market research, developed in-house and incorporated from Trading Central. The broker provides regular market breakdowns, featured trading ideas, a comprehensive market sentiment tool, and more. When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. I opened a No Commission account with the Notesco Int Limited entity and performed my tests on the desktop and mobile app versions of the MetaTrader 4 platform.

They offer a wide range of assets, excellent educational resources, and fast execution on trades. worldtradex offers a wide range of retail and professional accounts with different pricing mechanisms and no minimum deposit requirements. Traders can choose between fixed-spread and floating-spread accounts. While it provides competitive spreads on certain instruments like TSLA, its spreads on EUR/USD and GBP/JPY are higher than the industry average. On the positive side, deposits and withdrawals are free, and the broker’s inactivity fee is relatively low.

After reviewing the broker’s legal documents, I found everything to be in order. The Client Agreement is easily accessible on the website, with all relevant information presented clearly and in an easy-to-understand format. Our editors independently research and recommend the best products and services. You can learn more about ourindependent review processand partners in ouradvertiser disclosure. We may receive commissions on purchases made from our chosen links.

In conclusion, I rate worldtradex to be a reliable broker that caters well to day traders and algorithmic traders. The MetaTrader app stands out for its convenience, making it an essential tool for adjusting trades, especially during periods of heightened volatility. However, I consider it cumbersome and not the best choice for analyzing price action. However, I also spotted that the broker’s website does not display live spread data. Overall, I concluded that worldtradex is an excellent choice for day traders, copy traders, and algorithmic traders.