Worldtradex has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Worldtradex (formerly WorldtradexFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform.

WorldtradexVision acts as a digital mentor, helping traders of all levels make more informed decisions and potentially achieve more consistent results. Even if unauthorized access occurs, such as losing your device, withdrawals are restricted to the methods used for deposits. While this might seem inconvenient at times, it’s essential for ensuring the security of your money.

WorldtradexFX offers a variety of deposit and withdrawal methods to accommodate traders worldwide, ensuring transactions are convenient, fast, and cost-effective. A demat account is a digital storage mostly used by Indian investors to hold securities in virtual form. The main difference between demat and trading accounts is that the former is just a repository, and the latter allows you to buy and sell your securities. Space is a smart feed with timely analysis of your favorite trading instruments. You can compare trading ideas, read explanations, and use global experience even if you’re a beginner. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.

Account Types and Features

Worldtradex does have a demo account offering for practicing trading strategies with virtual money in a risk-free environment. It also provides Islamic (swap-free) accounts that comply with Sharia law. 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.

Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.

Trading Platforms

Over the years, it has expanded its operations to serve traders worldwide, offering access to a broad range of trading instruments, including forex currency pairs, commodities, indices, cryptocurrencies, and stocks. This diverse portfolio makes it a popular choice among retail and professional traders alike. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process).

It’s important to note that minimum deposits and trading costs will also depend on which Worldtradex entity you choose for establishing your trading account. Founded in 2011, Worldtradex holds a regulatory license in Europe via its Cyprus-based entity – Worldtradex Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC). In South Africa, Worldtradex provides financial services to clients through an intermediary, Orinoco Capital, which is licensed Worldtradex scam by the Financial Sector Conduct Authority (FSCA). 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.

By implementing these comprehensive security protocols and maintaining regulatory compliance, WorldtradexFX demonstrates its dedication to providing a safe and trustworthy trading environment for its global clientele. Worldtradex offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. There’s no question – if Worldtradex wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. Both platforms are available on desktop, web, and mobile devices, ensuring seamless trading across various operating systems. They also offer real-time market updates, one-click trading, and multiple order execution options to enhance trading efficiency.

Mobile Trading Apps

We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. WorldtradexFX stands out as a versatile and cost-effective broker, appealing to traders across various experience levels. Established in 2011, it has built a strong reputation for offering competitive trading conditions, robust platforms, and a user-friendly environment. With regulation by CySEC and the Mwali International Services Authority, traders can trust WorldtradexFX for secure and compliant operations. With competitive spreads, high leverage options, and robust security measures, WorldtradexFX strives to provide a comprehensive trading experience tailored to diverse needs.

• I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading.
• WorldtradexFX is committed to providing a secure and transparent trading environment for its clients.
• Rather than specializing in any one field, Worldtradex provides a wide assortment of content types.
• This allows less experienced traders to learn from and imitate the trading strategies of successful traders.

Moreover, Worldtradex offers opportunities for cryptocurrency trading, featuring popular cryptos like Bitcoin, Litecoin, and https://worldtradex.space/ Ethereum. However, it’s important to note that Worldtradex does not currently offer trading in stocks, ETFs, futures, bonds, or options. In terms of commodities, Worldtradex presents opportunities to trade in energy products, precious metals, and others. For those interested in trading indices, Worldtradex provides access to some of the world’s major indices. We are constantly improving our product to make your trading experience better.

Account Minimum

Worldtradex provides fully functional mobile trading apps for MT4, MT5, and WorldtradexTrader that are available for both Android and iOS devices. These apps offer full trading capabilities, interactive charts, and technical analysis tools on the go. By offering a range of payment methods with swift processing times and zero fees, WorldtradexFX ensures that managing your trading funds is both efficient and economical.

• 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.
• I was also pleased to see a risk score assigned to each trader, to help users differentiate between traders with historically conservative results versus those that have had more volatility and risk.
• Both platforms are available on desktop, web, and mobile devices, ensuring seamless trading across various operating systems.

According to Worldtradex’s data, traders using educational content tend to achieve better results. The broker’s focus on providing comprehensive education, assuring its clients’ best understanding of the market, has resulted in two ‘Best Education Broker 2023’ awards from Forexing.com and Holiston Media. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.

Your reliable partner in the financial market

The search operation revealed that WorldtradexFX employed URL masking techniques to hide the identity of payment gateways and avoid regulatory scrutiny. While Worldtradex presents several commendable features, it’s essential to carry out your own thorough research before deciding to trade with them. The suitability of a broker is largely dependent on individual trading preferences and goals. From our assessment, Worldtradex emerges as a broker that proves itself to be reliable and conducive to traders, making it a viable option for consideration.

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 . Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out Worldtradex’s educational offering. That being said, there isn’t much educational content for learning how to trade or understand market dynamics. It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. Investigators found that WorldtradexFX routed investor funds through mule accounts into escrow accounts maintained by an unauthorized payment aggregator, Dinero Payment Services.

With a wide range of trading instruments, user-friendly platforms, and robust customer support, Worldtradex provides an appealing choice for both novice and experienced traders. The broker’s low minimum deposit, competitive spreads, and comprehensive educational resources enhance its accessibility and attractiveness to different kinds of traders. However, it’s important to note that Worldtradex doesn’t offer trading in certain instruments like ETFs and stocks. Worldtradex is best suited for both beginner and intermediate traders due to its easy-to-use platform, educational resources, and low minimum deposit requirement. The broker provides comprehensive trading tools and features that traders can leverage to optimize their trading strategies.

It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page. We offer convenient portfolio management, transparent trading conditions, helpful educational materials, and easy-to-use service where nothing distracts you from making a profit. Every year we improve our conditions to make your trading journey easier. The entire process can be completed quickly, often within a day, provided the necessary documents are readily available. Worldtradex doesn’t require a minimum deposit to open an account, a notable point in their favor. Worldtradex offers a broad spectrum of tradable instruments to cater to different trading interests and strategies, though it doesn’t include all potential asset classes.

You can also create accounts on the MetaTrader 4 and MetaTrader 5 platforms to trade Forex, cryptocurrencies, and other instruments. Compare the platforms’ features to find the one that is right  for you. A trading account is where you store funds and trade currencies or other assets. You can create multiple trading accounts for your Worldtradex profile, each with its own balance and leverage. This allows less experienced traders to learn from and imitate the trading strategies of successful traders. Therefore, it not only facilitates learning for beginners but also potentially enhances trading outcomes.