Uni Fin Invest holds an Investment Dealer licence (Full Service Dealer, excluding Underwriting). worldtradex provides a variety of educational resources aimed at enhancing trading skills. These resources are crucial for developing a solid foundation in trading principles and practices.
- However, when compared to research leaders IG, Saxo, and CMC Markets, worldtradex has room to enhance its research offering.
- Over two years of research and development, we have interviewed traders worldwide, discussing the platform’s usability.
- With a wide array of technical analysis tools and customization options, MT5 is perfect for those who require a more complex and flexible trading experience.
- Numerous sections focus on customer services related to accounts and administration rather than market-related issues.
- During the account opening process, clients must choose a type of account.
worldtradex has made great strides with innovation in its web platform, and new educational content, but offers a limited range of tradeable instruments compared to the best multi-asset brokers. worldtradex may be best suited if you are new to trading and live in a region where you require support in non-English languages, such as Southeast Asia. On the other hand, worldtradexTrader is designed for simplicity and ease of use, making it an ideal choice for beginners. It focuses on providing a straightforward trading experience while still offering essential features, such as Space—a built-in feed that provides expert analysis and real-time market insights. This makes worldtradexTrader an excellent choice for those looking to learn the ropes of online trading in a user-friendly environment.
It’s good to see worldtradex offer MetaTrader 4 as it is one of the most recognised trading platforms for retail forex traders in Malaysia thanks to its advanced charting tools. I like that out of the box you have access to 30+ technical indicators from moving averages to Bollinger bands and 24 analytical objects making on-chart technical analysis simple. worldtradex Rewards is a built-in loyalty program designed to reward active trading on the worldtradex platform, available to all clients by default without any extra registration requirements. As users trade, they automatically earn XP and progress through four status levels, Bronze, Silver, Gold, and Platinum.
Processing Times and Fees
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. worldtradex also operates under other entities that are regulated by lower-reputation organizations. This situation requires clients to place more trust in worldtradex itself than in its regulators, as these regulations are more focused on preventing terrorism and money laundering than on execution-related issues. One negative aspect we encountered while trading with MT4 was that it does not allow for regular partial closes.
- worldtradexFX offers 277 assets, including 50+ forex pairs, 150+ stock CFDs, 34 cryptocurrencies, commodities (gold, oil), and indices.
- To withdraw the bonus, the client must trade a number of lots equal to half of the bonus amount.
- worldtradex provides a variety of educational resources aimed at enhancing trading skills.
- Withdrawals can be initiated from the website dashboard or through the mobile app.
- The other feature I liked was that you do not pay swap fees on your CFD positions, saving you money should you keep your trades open longer than 24 hours.
worldtradex Trading Settings
With over 42 million accounts across 180 countries, worldtradex provides commission-free access to a wide variety of financial markets. The platform boasts an impressive range of 277 trading instruments, including CFDs on stocks, forex currency pairs, precious metals, energies, indices, and cryptocurrencies. worldtradexFX supports the popular trading platform MetaTrader 5 (MT5), widely appreciated for its advanced analytical tools and user-friendly interfaces. The broker caters to traders of all experience levels, offering educational resources, demo accounts, and low-deposit entry points, making it particularly suitable for beginners. At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying. worldtradexFX’s extensive range of trading instruments, combined with flexible leverage options and competitive spreads, caters to both novice and experienced traders.
Each level offers increasingly valuable benefits such as reduced spreads, faster bonus withdrawals, and accelerated accumulation of prize lots for the Trade and Win program. The floating spreads for currency pairs involving the yen ranged from 1.9 to 2.6 pips, while major pairs (excluding EUR/USD) average around 1.5 pips. Spreads across different account types are similar, with worldtradexTrader accounts offering slightly lower spreads for Forex. The availability of two trading platforms—worldtradexTrader and MT5—caters to diverse needs, while the inclusion of swap-free Islamic accounts and demo accounts highlights the broker’s commitment to inclusivity. Copy Trading further enhances its appeal by simplifying trading for beginners and providing passive income opportunities.
The broker has also been operating for 12 years, which is a strong signal of safety in my book. I think having worldtradex Copy is a good alternative for beginners or those who don’t want to invest their time in learning how to trade. At least this way, you can copy an experienced trader and benefit from leveraged products such as forex, crypto or commodities like gold. The worldtradexTrader has the least options for technical analysis too with 19 indicators, 11 drawing tools, and 7 timeframes.
One of the standout features of worldtradex is that it does not charge swap fees. Positions held overnight are not subject to fees, whether positive or negative, which is a distinctive aspect of worldtradex. worldtradexFX provides a highly accessible Copy Trading service, designed to benefit both beginners and experienced traders.
Withdrawal Options And Fees
worldtradex is a broker that has operated for over 10 years and has been expanding during this time. It is a global company with several entities responding to different regulatory needs. worldtradex also provides services through Uni Fin Invest, which is based in Mauritius and https://worldtradex.biz/ operates under the regulation of the Financial Services Commission (FSC) of Mauritius.
Trader Protections by Territory
The educational materials provided by the broker are sufficient to help traders learn what forex trading is and grasp the basic concepts. worldtradex, formerly known as worldtradexFX, is a leading online forex broker founded back in 2011. In 2023, the company rebranded from worldtradexFX to worldtradex, reflecting its evolution and commitment to providing a comprehensive trading experience. worldtradex offers over 7 million clients worldwide a wide range of financial instruments, including forex, cryptocurrencies, commodities, and stock indices. I like that worldtradex provides a variety of trading platforms that all trading styles can use, making the broker a versatile option to benefit from the lower trading costs.
The available methods vary depending on the client’s residence and may include local bank transfers. worldtradex does not charge deposit fees, and processing times range from instant to a few days. When it comes to making informed decisions about forex brokers, it’s essential to rely on trustworthy sources. RationalFX, a company with over 20 years of experience since its founding in 2005, has established itself as a credible authority in the industry. With an impressive collection of over 2500 reviews on Trustpilot, boasting a score of 4.2, it’s clear that Rational FX has built a reputation for providing reliable and unbiased information. We unbiasedly review every broker and rank them based on their market standing, regulation, and other factors.
While there is no minimum deposit from the virtual wallet, worldtradex advises that the minimum deposit using this method is 50 USDT. The network charged a fee of 1 USDT, and the remaining amount was credited to our account in USD within minutes. For those familiar with cryptocurrency wallets, this process is very simple and quick. worldtradex affirms that deposits can be made via bank wire, credit card, digital wallet, and cryptocurrency.
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. These two minor points do not detract from the trading experience, and worldtradex can be congratulated for so effectively shaking up Worldtradex review the broker space. Account security — in line with the guidelines provided by the better regulators, worldtradex keeps client funds in segregated accounts.
Opening an account with worldtradexFX
Founded in 2011, worldtradex (formerly worldtradexFX) is part of a group of global entities, which include worldtradex Markets LTD (based in the island of Mwali) and worldtradex Markets Cyprus Ltd (based in Cyprus). worldtradex also provides financial services through its intermediary, Orinoco Capital (based in South Africa). Lastly, worldtradex also has an entity regulated in Mauritius, through Uni Fin Invest . worldtradex is an up-and-coming broker that has been in operation for nearly 10 years.
For instance, arbitrage trading is prohibited under their Customer Agreement. The support team is recognized for its prompt response times and ability to address concerns in multiple languages, reflecting worldtradexFX’s commitment to serving its global client base. We are constantly improving our product to make your trading experience better. Choose from 300+ trading instruments, including shares, commodities, and indices. Remember, it’s okay to close a trade early if you feel it’s the right decision.