Trade Forex in the Best Global Broker

The 50% bonus is more applicable to experienced traders or those confident in a long-term relationship with the broker. However, the range of available methods for the region where the review was conducted from is not very broad, as transfers and credit cards (debit) are not available. Still, the experience with cryptocurrencies was quick, successful, and efficient. worldtradex offers more than 300 trading instruments across its accounts, including 52 Forex pairs and 277 CFDs, encompassing indices, commodities, and cryptocurrencies. Additionally, approximately 30 cryptocurrency assets are available (also during weekends). worldtradex affirms that deposits can be made via bank wire, credit card, digital wallet, and cryptocurrency.

With worldtradex,you’ll get a clear and concise fundamental analysis from Monday to Fridaydelivered to your inbox. Only the mostimportant things so you don’t miss any event that might affect your profit. 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. 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.

worldtradex stands out with several unique features designed to enhance the trading experience and provide insights into market trends. Moreover, worldtradex offers opportunities for cryptocurrency trading, featuring popular cryptos like Bitcoin, Litecoin, and Ethereum. However, it’s important to note that worldtradex does not currently offer trading in stocks, ETFs, futures, bonds, or options. The trade war entered the nextstage when Worldtradex scam Trump unveiled his long-promised ‘reciprocal’ tariffs strategy,essentially imposing import duties on more than a hundred countries. The marketroute began with equity markets losing billions of dollars in valuation.S&P 500 lost more than 11% in just two days, while DXY dropped to a freshsix-month low. This is when the market began toseriously worry about the health of the global economy and a risk-off sentimentbecame evident.

Employ worldtradexTrader platform:made for traders—by traders

The demo account provides real-time price feeds like a live account but gives you virtual funds to trade in a risk-free environment. worldtradex operates under various regulatory frameworks depending on the entity through which an account is opened. Residents of the European Union receive the highest level of regulatory protection, as worldtradex Markets Cyprus LTD is regulated by the Cyprus Securities and Exchange Commission (CySEC). However, this stricter regulation limits clients’ access to higher leverage levels. While you can deposit funds in various currencies, these will be converted to USD at the exchange rate set by the payment system you use.

Overall, worldtradex has streamlined the deposit and withdrawal process, making it convenient and efficient, without imposing any extra fees. These trader-friendly policies lead to worldtradex receiving a top rating for its deposit and withdrawal procedures. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. worldtradex does not currently charge swap fees – the charge for holding leveraged positions overnight.

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. worldtradex is based in Saint Lucia but has multiple entities outside of Saint Lucia to provide financial services to clients in 180+ countries. Depending on where you are from, you can open an account with a different entity that is regulated by either CySEC, MAS, or FSC.

The trading experience in Indonesia can vary based on the preferences and trading styles of the trader. This initiative allows traders to accumulate points based on their trading activities. These points allow traders to advance their account status and unlock various advantageous perks. Through the “Trade and Win Giveaway” promotion, the broker appreciates the dedication of Indonesian traders. Traders meeting certain trading volume requirements can enter a random drawing.

• Positions held overnight are not subject to fees, whether positive or negative, which is a distinctive aspect of worldtradex.
• Use our country selector tool to view available brokers in your country.
• worldtradex offers negative balance protection, which means that if a market slippage results in a negative balance, worldtradex will adjust the balance to zero.
• Spreads across different account types are similar, with worldtradexTrader accounts offering slightly lower spreads for Forex.

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. 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. Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker.

Tailored for All Traders

worldtradex (worldtradexFX) is an international forex broker that offers a variety of trading services across multiple asset classes, including forex, commodities, cryptocurrencies, stocks, and indices. worldtradex is geared towards beginner and intermediate traders, providing user-friendly platforms such as MetaTrader 4, MetaTrader 5, and its proprietary worldtradexTrader. It also facilitates copy trading services and offers extensive educational materials. Additionally, the broker provides promotions and bonus programs, along with 24/7 customer support, aiming to enhance the overall user experience and sustain its global presence.

• The SSL-secured Personal Area is encrypted with 128 bits, which protects browsing and makes data inaccessible to third parties.
• These platforms provide robust charting and a wide range of order types and enable automated trading.
• Withdrawing from my account was also fast, according to my account manager each withdrawal takes roughly 2 hours to get approved.
• However, the range of available methods for the region where the review was conducted from is not very broad, as transfers and credit cards (debit) are not available.
• The Islamic Account, a hallmark of the broker’s innovation, addresses the unique needs of Muslim traders who adhere to Islamic teachings that forbid participation in interest-based transactions.

worldtradexTrader

According to our data, traders usingworldtradex’s educational content tend to make a larger profit. 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 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. 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.

How to open an Affiliate Account with worldtradex

Verification doesn’t have to be done immediately uponregistration, and traders can initiate it at their convenience. Even if unauthorisedaccess occurs, such as losing your device, withdrawals are restricted to themethods used for deposits. While this might seem inconvenient at times, it’sessential for ensuring security of your money. worldtradex follows international regulation standards on Anti MoneyLaundering and Know Your Customerprocedures to verify the identity of its clients and prevent illicitactivities. worldtradex offers a mere 257 tradeable instruments, which varies by platform, with the most on its MT5 offering. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments.

The broker offers three main account types; worldtradexFX MT4, worldtradexFX MT5, and worldtradexTrader. The score for this category was weighed down because only one base currency is available (USD) and there is no option for a raw spreads account. worldtradex has competitive spreads in some instruments such as EUR/USD and impressive research written by in-house analysts.

Zero swaps

With worldtradex, you can trade a total of 300 trading instruments, including 52 Forex pairs and 277 CFDs, covering indices, commodities, and cryptocurrencies. worldtradex also provides services through Uni Fin Invest, which is based in Mauritius and operates under the regulations of the local financial authority. worldtradex Markets Ltd serves its clients in the Americas and other parts of the world and is regulated by the Mwali International Services Authority (MISA) in the Comoros.

If you want to trade all markets worldtradex provides, I found your only option is the MetaTrader 5 account. worldtradex presents traders with a competitively priced, commission-free pricing environment. It is also a rare broker fully compliant with Shariah law for Islamic traders.Beginner traders will benefit from well-thought-out research and educational services. The generous bonuses and promotions complement the excellent core trading services. In terms of tools, traders can choose the most convenient platform among worldtradex Trader, MT4, and MT5.