These articles cover topics such as market analysis, trading strategies, risk management, and economic indicators. They are well-researched and written in an easy-to-understand format, making complex trading concepts accessible to traders of all skill levels. The articles are regularly updated to reflect current market conditions and trends. For those interested in trading global stock market indices, worldtradex offers a wide selection of major indices, including the S&P 500, NASDAQ, Dow Jones, FTSE 100, DAX 30, and more. Trading indices allows traders to speculate on the performance of entire sectors or national economies rather than individual stocks. worldtradex provides competitive spreads on indices and supports both long and short positions, giving traders flexibility in various market conditions.
- Only verified trading accounts can deposit and withdraw, and the name on the payment processor must match the worldtradex account name.
- The minimum deposit at worldtradex is $50 for most accounts, except for the Zero Spread option, which requires $500.
- There is plenty of educational content for those of you who are new to trading and also free demo accounts to put what you have learned into practice.
- This average customer rating is based on 21 worldtradex customer reviews submitted by our visitors.
I wonder, is it not prohibited to use a trade copier service and trading manually simultaneously?
- worldtradex Academy provides impressive educational features for smaller and less-skilled traders.
- His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis.
- While it provides competitive spreads on certain instruments like TSLA, its spreads on EUR/USD and GBP/JPY are higher than the industry average.
worldtradex notes the availability of 80+ currency pairs, making it an ideal Forex broker. 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. With respect to customer service, the broker provides decent contact options and support in 45 languages, which could be a plus. The trading competition might also be an incentive to open an account, and the broker’s support for the popular MT4 platforms seems to be the best feature of this broker.
worldtradex also offers futures trading, allowing traders to speculate on the future price of assets such as commodities, indices, and currencies. Futures trading is suitable for traders who are interested in diversifying their portfolios and taking advantage of market trends. worldtradex provides a range of futures contracts with competitive trading conditions and access to advanced trading platforms to support futures trading strategies. worldtradex is also active in the Latin American market, serving clients from countries such as Mexico, Brazil, Argentina, Chile, and Colombia. The broker offers Spanish and Portuguese language support and ensures that traders in Latin America have access to competitive spreads, high leverage, and advanced trading platforms.
The broker’s wide range of CFDs include those based on an extensive list of forex pairs, in addition to commodities, indices, futures and over 100 individual stocks. Also offers zero-commission trading for UK residents with fairly competitive dealing spreads that can either be fixed or variable, depending on the account type you select. TradeCopier allows you to replicate top-performing traders’ techniques in real-time. If you are new to trading or just don’t have the time to follow the markets, this is an excellent way to get started. With worldtradex’s TradeCopier, you may begin replicating trades of other traders, gaining access to their knowledge, and expanding your own portfolio.
worldtradex Restricted Countries
His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. worldtradex is one of the few brokers that offer traders the flexibility to choose between fixed and floating spread accounts. worldtradex offers Metatrader 4 and 5 but no dedicated or proprietary trading platform.
What CFDs Can You Trade With worldtradex?
Though the top cap on upper spreads seems like a good thing, you often don’t even need that because the spreads overall turned out to be quite affordable, and I am satisfied with my choice. Though the only downside seems to be a platform, which I hope they’d improve this year. 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. A key advantage of trading CFDs is the ability to enter and exit the market almost instantly, enabling traders to capitalize on even minor price fluctuations in the derivative. worldtradex provides free Virtual Private Server (VPS) hosting to high-volume traders interested in achieving lightning-fast order execution speeds and stable internet connectivity. However, its dated and rugged design is inferior to newer and sleeker platforms.
Choose your language
worldtradex could be a good starting broker for new and intermediate retail traders, although more professional traders might look for a broker with additional research resources and assets. Just getting started and there’s no commission on most account types, the spreads don’t look bad at all, I’ve seen higher spreads elsewhere. worldtradex has a rating of 4.2 stars from 100 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with worldtradex most frequently mention and account types. The available materials and tools inform the broker’s clients of trading opportunities that are currently developing and explain how and why those opportunities are taking place.
This ensures that worldtradex adheres to strict regulatory standards for client protection and transparency. The secure worldtradex back office handles all financial transactions for verified clients. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes. The company’s current promotions include its Iron Worlds Championship live trading competition held from mid-June 2021 until mid-December 2021. This competition has a $1 million prize pool with multiple prizes awarded to winners at different stages of the competition. worldtradex does not accept as clients residents of the USA, Cuba, Sudan, Syria, North Korea, or any jurisdiction where trading is prohibited by law.
Spreads & Commissions
When it comes to forex trading, worldtradex offers access to an impressive range of 120 currency pairs. The broker allows you to trade all major pairs and crosses, as well as some minor and exotic pairs. With a range of free widgets, worldtradex provides traders and investors with the ability to enhance their trading performance. Forex widgets are handy tools that users may utilise to gain crucial trading information at all times. With worldtradex’s currency converter, pip, margin, and profit calculators, you can quickly evaluate the probable outcomes of you trades and hedge against risks.
For visual learners, worldtradex offers a library of video tutorials that explain key trading concepts in a simple and engaging manner. These videos cover the basics of forex trading, how to use trading platforms like MetaTrader 4 (MT4), and advanced trading strategies. The step-by-step guides make it easy for beginners to get started and for experienced traders to refine their techniques. Precious metals, such as gold and silver, are popular trading instruments for those seeking safe-haven assets during market volatility. worldtradex offers trading in both gold and silver, with competitive spreads and flexible leverage options. These instruments are available for trading on the MT4 platform, which provides advanced charting tools and real-time market analysis.
It’s important for traders to consider potential third-party fees, such as currency conversion costs. Only verified trading accounts can make deposits or withdrawals, and the payment processor’s name must match the account holder’s name at worldtradex. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.
Please note, some markets may only be available via CFDs or other derivatives. With that said, the brokerage does have plans to introduce MT5 in the future. Note that while users may be able to trade 24 hours a day, spreads are less competitive during periods of low liquidity.
worldtradex User Experience
Keep in mind that the dealing spreads above refer to normal market conditions. It was hard to choose which one suits me best but after some thoughts, I decided to make a deposit via USDT and i was a little bit worried because I’ve never done it before. To my surprise, the payment went smoothly and there was nothing complicated about it.
Auto trading is enabled by connecting a trader’s account to an expert’s account. Participating in financial markets involves high risk, which can result in the loss of part or all of your investment. These bonuses can significantly boost your trading capital, allowing you to explore new strategies with less risk.
Just remember, there are no guarantees on how good or bad trading signals will perform. Make sure you understand the risks before you copy any trading signals. You do not need your computer always running if you choose to run your automated trading strategies with a virtual private service (VPS) since your orders can scammed by Worldtradex be executed remotely.