- August 7, 2023
- Posted by: abood saadeh
- Category: Forex Trading
Log in to your online trading account or download the app and launch it to start trading. WorldtradexVision makes it possible to use AI to improve trading skills, increase awareness when making decisions. The most important thing is that the trader receives a personalized analysis of their actions.
- Space is a smart feed with timely analysis of your favorite trading instruments.
- Worldtradex also provides financial services through its intermediary, Orinoco Capital (based in South Africa).
- By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments.
- These labels denote some milestone that the Master Traders have reached, although their performance and results can vary.
- Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers.
These services empower WorldtradexFX users to refine their skills, maximize profits, and benefit from a collaborative trading environment. Worldtradex is regulated in Cyprus by the Securities & Exchange Commission (CySEC) and in South Africa by the Financial Sector Conduct Authority (FSCA). Worldtradex holds just one Tier-1 license and one Tier-2 license, resulting in a grade of “Average Risk” within the ForexBrokers.com Trust Score rating system. Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), Worldtradex’s lack of additional reputable licenses heavily weighs down its Trust Score. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. Rather than specializing in any one field, Worldtradex provides a wide assortment of content types.
Tailored for All Traders
Whether you’re a novice exploring the markets or a professional looking for advanced tools, WorldtradexFX provides the necessary resources to achieve your trading goals. WorldtradexFX is committed to providing a secure and transparent trading environment for its clients. The broker operates under multiple regulatory frameworks to ensure compliance with international financial standards. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number and by the Mwali International Services Authority (MISA) in the Comoros Union.
Choose your trading platform
WorldtradexFX’s extensive range of trading instruments, combined with flexible leverage options and competitive spreads, caters to both novice and experienced traders. The broker’s commitment to providing a diverse and cost-effective trading environment empowers clients to implement various strategies across multiple markets, enhancing their potential for success. WorldtradexFX’s no-fee policy for deposits and withdrawals, combined with its competitive spreads and high leverage, creates a cost-effective trading environment. Comprehensive customer support and a wealth of educational resources add value, empowering traders to make informed decisions. WorldtradexFX, a globally recognized online forex broker, was established in 2011 with its headquarters in St. Vincent and the Grenadines.
Worldtradex follows international regulation standards on Anti Money Laundering and Know Your Customer procedures to verify the identity of its clients and prevent illicit activities. For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status. 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.
Your reliable partner in the financial market
To open your first Worldtradex trading account, sign up and follow the instructions. You can always open more trading accounts on different trading platforms for free. Minimum deposits at Worldtradex will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as https://worldtradex.club/ much as 500,000 Indian rupees (INR).
Account Types and Features
He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. Worldtradex is an up-and-coming broker that has been in operation for nearly 10 years. Its growth has enabled Worldtradex to continue to expand its products and services. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust.
Raiffeisenbank reserves the right to change the list of foreign exchange rates during the day. Unlock lower spreads, personal guidance, and many other benefits by increasing your account balance. Read our full explanation and accounting of our research and testing process to learn more about how we test. The following table summarizes the products available to Worldtradex clients. Use our country selector tool to view available brokers in your country.
- 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.
- 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.
- A demat account is a digital storage mostly used by Indian investors to hold securities in virtual form.
- Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
- These apps offer full trading capabilities, interactive charts, and technical analysis tools on the go.
Copy Trading further enhances its appeal by simplifying trading for beginners and providing passive income opportunities. WorldtradexFX ensures that traders can access the tools and functionalities they need to succeed, whether they prefer simplicity or advanced analytics. The availability of demo accounts on both platforms further supports traders in mastering their skills before entering live markets. Worldtradex trading app is quick, offering low spreads, fast withdrawals, and a 0% commission. A clear and user-friendly interface is perfect for every trader who values comfort. Also, Worldtradex has one of the best no-slippage levels in the market – 97.5% of the executed orders.
Likewise, Mauritius is considered Tier-4, as per our Trust Score algorithm. The security of your funds – in terms of regulatory protection – will depend on which Worldtradex entity holds your account, and which, if any, relevant regulations provide customer protections. It’s worth noting that Worldtradex’s primary execution venue is one of its own entities in St. Lucia. Their customer service is accessible beyond standard business hours, offering 24/7 support in 20+ languages available via Live Chat and email. The broker also maintains a comprehensive FAQ section on its website, providing in-depth information on common queries related to trading, account management, deposits, and withdrawals. Worldtradex has good educational and training tools for beginners as well as expert traders.
When it Worldtradex forex broker 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 measure success by the cost-effective trading conditions we provide and by success stories our traders share. Worldtradex extends three types of trading accounts to suit diverse user needs – the Micro (MT4), Pro (MT5), and the WorldtradexTrader account. All three account types, beneficial for both beginners and professionals, provide fair and competitive conditions.
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. Worldtradex platforms incorporate advanced charting tools, promote ease of use, and support algorithmic trading. Although not proprietary, the platforms provide opportunities for copy trading, allowing users to replicate successful strategies from other traders. Worldtradex offers access to multiple robust trading platforms, which include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and WorldtradexTrader.