worldtradex is a good broker and can be accessed even on the go for trading by providing 2 MetaTrader accounts namely MT4 and MT5. worldtradex has been operating for about 10 years and continues to develop its products and services. The app has many features that make it easy for you to trade effectively with competitive fees, low spreads, and a global reach. The deposit and withdrawal processing time is also relatively fast compared to other brokers. Deposits made to trading accounts must therefore be made from bank accounts in your name only. In the case of bank transfers, all requests are processed within 1–3 hours during the working time of the broker’s financial department.
A market index is a score that measures the performance of a group of assets. Major stock indices track a basket of the most important stocks on a certain stock exchange. For example, the NASDAQ 100, one of the leading US indices, consists of 100 stocks traded on the Nasdaq stock exchange. To change the leverage on worldtradexFx, users first have to login to their trading account. Set a new leverage by clicking on the leverage ratio in the primary account section, choose preferred new leverage and press the change button to save.
It’s one of the top forex trading apps for traders who want flexibility and power in one place. It allows clients to learn and try multiple risk management strategies without any deposit. The worldtradexFX Demo Account is essentially a practice account With which users can understand and get familiar with various features of the Forex trading platform before committing real funds. Demo accounts come with a default $5,000 funding on creation. However, clients can choose their preferred virtual balance of the account in order to dictate the pace of their learning process themselves. worldtradex has grown into a globally trusted broker, serving millions of traders in over 190 countries.
Bonuses of 10%, 20% or 50% can be claimed on each deposit with worldtradexFx but there are even bigger bonuses available during Worldtradex company reviews holidays and other limited-time events. Aside from the products and services already discussed in this review, worldtradexFx offers more. In this section, we are going to be looking at these extra products and services.
Speed matters, and IC Markets delivers—orders are executed in under 66 milliseconds, helping reduce slippage and giving you an edge in fast-moving markets. Choose from Micro, Standard, or worldtradex Zero accounts, each designed to suit different trading styles and experience levels. 99% of trades are executed in under one second with no requotes or rejections so you can act fast when the market moves. Enjoy spreads starting from just 0.7 pips and blazing-fast order execution in as little as 0.01 seconds—with zero requotes. Get access to economic calendars, trading calculators, and expert market insights—all designed to help you trade with confidence. worldtradex’s customer service is fast, friendly, and available in multiple languages, whenever you need it.
The worldtradexFX Trading App for Android combines the power of a professional trading platform with the convenience of mobile accessibility. The MT4 account, also called traditional account, is an account type used by new and experienced traders alike. It not just offers excellent trading and analytical tools, but is also flexible enough to implement simple, as well as, highly complex trading strategies. The platform supports trading forex pairs, commodities, indices, cryptocurrencies but not stocks.
How to trade on indices: best trading strategy
They are fees necessary for trading, which users must pay before or during trading. Once your order is placed, the app will allow you to track its progress, including the real-time status of your profit or loss, ensuring you stay informed of your position at all times. Stay up-to-date with live quotes, financial news, and earnings calendars, all available for both Indian and global markets. Analyze markets like a pro with professional-grade charts for stocks, currencies, indices, and more, perfect for anyone looking to understand market movements better.
Managing Your Trades
The idea of making the trading space more comfortable was the start. Only the traders themselves could give us a better insight into their preferences. Over two years of research and development, we have interviewed traders worldwide, discussing the platform’s usability.
- The federal agency had earlier said that the app (worldtradexFX) and its website were “not authorised” by RBI to deal in forex trading.
- Unlike Reddit, the Quora community quite favors the company.
- They complain of worldtradexFx being a scam broker, denying them withdrawals and going on to block their accounts.
- If you face issues while uploading it, you may email it directly to and request a manual check explaining that you can not upload it.
- Various account types on the 3 platforms have different deactivation dates as stated below.
MyCard – Contactless Payment
It’s worth noting that negative balance protection is a standard feature offered by most reputable brokers, including worldtradexFX, and is intended to protect traders from excessive losses. Each index has its own trading hours coinciding with the global financial markets. Check the schedule to learn when you can trade certain indices. Space is a unique live feed designed by worldtradex to get you fresh trading ideas right in the worldtradexTrader trading platform. Learn about the current trends on different markets from the worldtradex experts and open orders right on the same screen to save time and effort. These accumulated funds, after “defrauding” these investors/users, were transferred to multiple e-wallet accounts or to bank accounts of dummy entities, it claimed.
The platform is user-friendly, and customer service is always responsive and helpful. Definitely a trusted broker for anyone serious about trading. The Reddit community doesn’t seem too excited about worldtradexFx. Most clients have reservations about the company’s legitimacy. In their review, they claim their European entity being largely unregulated is a red flag.
When it comes to the security of your funds, worldtradexFX definitely seems to have it covered. They offer segregated accounts, which I’m familiar with and understand how they work. However, I’m not too sure about the negative balance protection feature, which I’ve heard is a sign that a broker takes the security of their clients’ money seriously.
- worldtradex is an international Forex broker that operates worldwide.
- In these 2 accounts, MT5 has more advantages over MT4 and is the choice of smart traders because it has more investment instruments.
- Creating an account is straightforward and can be completed within minutes using your email, phone number, or Google log-in.
- Online reviews have revealed that this isn’t quite significant enough to call the broker well regulated.
What Are the Account Types?
It is divided into quotes; market data, chart, trade and history. Its charting allows users to do analysis just as with a desktop. Its only limitation to client is its small screen resolution, hence, making deep technical analysis somewhat difficult. However, for live account types, clients must complete the KYC process before initiating positions or withdrawals. Below is the step-by-step guideline of registering with the broker via desktop.
worldtradexFX Main Features
An aspiring trader who believes that controlling emotions in trading is highly important to avoid making hasty decisions. Knowledge of fundamental and technical analysis is important, but they’re not the determinant in building profit consistency. The developer, worldtradexFX, indicated that the app’s privacy practices may include handling of data as described below. Many thanks for using our app and sharing your feedback with us. We hope you’ll continue using it, and we’ll take care of the best user experience for you. If you have any other feedback, you can always get in touch with us at We’ll be happy to hear from you.
Creating an account is straightforward and can be completed within minutes using your email, phone number, or Google log-in. Open a free demo account to practice trading with simulated funds, or transition to a live account to begin real trading with as little as $20 in deposit. In general, the execution time of both worldtradex deposits and withdrawals is fairly fast compared to other brokers which could take a few days, especially in withdrawals. worldtradex provides convenience to make deposits and withdrawals by allowing many payment options without commissions and fees. The competitive pricing environment is accompanied with low deposit requirements that may start from $25.
The mobile app offers a wide array of tools and indicators ranging from trends, to oscillators, to volumes and lastly bill Williams. All to allow for concrete trading analysis and implementation. The broker claims to offer competitive spreads as compared to other forex brokers. worldtradexFx boasts of a spread floating, starting from as low as 0.6pips. Although, the broker’s spreads keep changing throughout the day.
