The platform can be accessed through Windows, Mac, iOS, or Android, and is an excellent and very well-respected trading platform among the community. Again the platform is available on all mediums and a webtrader is offered. 4 of these are available for trading through MT4 and this offering includes major indices from the EU, US, Australia, and Japan. These are Gold, Silver, WTI, Natural Gas and Brent Crude oil, with the oil commodities only being available to trade through MT5.
MT4 opens with four charts by default, each representing a unique currency pair. The Symbols tab shows a list of currency pairs with their bid and ask prices, while the Tick Charts tab shows the real-time price activity of chosen currency pairs. Below this is the Navigator window, where traders can view their account(s), indicators, and Expert Advisors. worldtradexFX offers multiple channels for investmentincluding credit/debit cards, bank wires, Skrill, Neteller etc.
Why trading on MetaTrader 5 is better with worldtradex
Withdrawing from my account was also fast, according to my account manager each withdrawal takes roughly 2 hours to get approved. Once approved you can expect the funds to be in your bank account/wallet within 30 minutes which is extremely good service in my opinion. 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.
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. You have a selection of alerts you can receive, so I set it up to show all trading signals like candlestick patterns and chart patterns such as head and shoulders. I found the signals to clearly demonstrate the trading idea and the market commentary is a nice touch to help explain the move. I also found an interesting feature called Spaces where you can customise an area with trading alerts and real-time news announcements. MetaTrader 5, and worldtradexTrader giving you a decent choice for personalising the way you can trade with the broker. Our broker reviews are reader supported and we may receive payment when you click on a partner site.
It is known to be quite popular among intraday trading pros and algorithmic traders thanks to its advanced features. 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. The demo account lets you test the platforms while practising trading in a risk-free trading environment using virtual currency. 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.
worldtradex provides a fast service for its withdrawals by sending your funds within 30 minutes after being approved. Approval of the funds can take from 1-3 hours depending on when you make a request. This is an impressive feature if you’re new to trading due to the constant flow of trading ideas with detailed market commentary that will help you learn in real time. Plus, you can fine-tune the Space by choosing specific instruments only to receive these ideas from – in my instance, I chose USD/JPY, gold, and EUR/USD. You can request a human agent who was surprisingly not as helpful as the AI with canned answers and no depth of product knowledge. This was frustrating when asking questions about their services and trading accounts as I felt they didn’t answer the question.
Open an MT5 account to trade on 230 instruments enjoying the platform’s Worldtradex reviews advanced tools and worldtradex’s excellent trading conditions. worldtradex has good educational and training tools for beginners as well as expert traders. According to worldtradex’s data, traders using educational content tend to achieve better 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.
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. worldtradexVision acts as a digital mentor, helping traders of all levels make more informed decisions and potentially achieve more consistent results. With worldtradex, you’ll get a clear and concise fundamental analysis from Monday to Friday delivered to your inbox.
At worldtradex, we provide the MT4 platform to help our clients trade efficiently and with complete peace of mind. We also offer educational materials and MT4 demo accounts for all traders, letting them practise in a risk-free environment. On worldtradexFX platforms, you’ll find a user-friendly interface that promotes a smooth trading experience. The design is both appealing and functional, providing easy access to charts, indicators, and trading tools, allowing you to focus solely on your trading strategies without distractions. In line with the desktop version, the worldtradex trading app is execution-focused.
- This is the commission fee charged by the Master (Signal Provider) whose trade you are copying, and it is up to the individual provider how much this fee will be.
- According to a member on Reddit, worldtradexFX occupies the security commission’s list of platforms to avoid.
- When choosing my account the broker offers three options which are essentially the same Standard account but used for different trading platforms.
- worldtradexFX allows traders to select from a number ofplatforms for the biggest cross-section of trading preferences and levels.
What Reddit Users Say About worldtradexFx
Not only does this reduce your trading costs for longer-term positions but it won’t force you to close a position before being charged a swap. Managing risk is of course a vital element for any forex trader and broker combination. worldtradexFX utilizes all of the tools that are in place with your trading platform to help you to do this. Taking a look at the CFD markets available from worldtradexFX, it is noted that they offer a little more than 70 assets in total. Some of them may not be available within every region or account type.
How to Open an Account and Trade on worldtradexFx Desktop Trading Platform?
Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. This is because you will receive better protection and service from your local regulator should you need to enforce a complaint. However, in my experience with regulators like MAS, they are very professional and helpful so this is by no means a poor regulator.
How can you trade on indices with profit?
These are all useful and important tools to utilize for any forex trader on all platforms and brokers. The account base currency is that which you trade in with the broker. These are, EUR within the EU, and both EUR, and USD for traders outside the EU. You can look forward to trading with the MT5 trading platform on this account where the spreads start at great value from 0.2 pips.
Account Comparison
My experience with worldtradex has been largely positive thanks to its excellent ECN trading conditions giving me low spreads that averaged 0.80 pips on EUR/USD with no commissions. worldtradex has a decent selection of 34 cryptocurrencies covering Bitcoin, Ethereum, Ripple, and Litecoin which is a healthy selection of highly liquid crypto markets. If you prefer to trade less liquid and higher risk assets you also have access to altcoins like Dogecoin to speculate on. worldtradex has 52 forex pairs for CFD trading including forex majors like USD/JPY, AUD/USD, and EUR/USD as well as minor and exotic pairs. I did find that you can only access all 52 pairs using the MetaTrader 5 platform, while the worldtradexTrader and MT4 only offer 32 pairs.
MetaTrader 4 for Windows
This enables users to trade with a broker under European regulatory oversight with enhanced levels of safeguards. Download our app and keep track of your orders whether you’re in the office, on vacation, or at home. Choose from 300+ trading instruments, including shares, commodities, and indices. There is no way you can trade indices directly, but you can trade contracts on indices with worldtradex. This way, you can make profits just by correctly predicting how an index is going to change.
- Withdrawing from my account was also fast, according to my account manager each withdrawal takes roughly 2 hours to get approved.
- MetaTrader 5 is a sophisticated trading platform with lots of analytical tools.
- Opening a MetaTrader 4 demo account is the best way for a new trader to check out the platform, get familiar with the tools, and learn trading techniques.
- worldtradex said that offering swap-free accounts aligns with its business goal of serving a global clientele.
- The mobile app offers a wide array of tools and indicators ranging from trends, to oscillators, to volumes and lastly bill Williams.
Traders fromspecific countries can also opt for local bank transfers. The deposits must be in USD or EUR and must be atleast $5 or equivalent for micro account balances. The worldtradexFX Trading App is an officially acknowledgedForex trading software. It permits all financial transactions available throughconventional desktop apps.
There are a total of 51 charting indicators provided, and 31 drawing tools also. Overall, this is an excellent hybrid combination that can secure the best market prices, lowest spreads, and fastest trade execution. The spreads here start at an extremely competitive 0 pips with $5 per side per lot of commission, or from as low as 0.2 pips with no commission depending on your account type. When it comes to spreads and commissions, worldtradexFX works both with floating and fixed spreads. The floating spreads can start from 0 pips depending on your account type. The only exceptions here may be in the case of your deposit not matching the base currency on your account, you would then have to pay a conversion fee.
This account type is meant for traders who wish tohave the maximum leveraging options with the least monetary investment. To keep your trading costs manageable, worldtradexFX provides various account types with differing spread structures. You’ll find that some accounts offer fixed spreads, while others feature variable spreads. This flexibility allows you to choose an account that aligns with your trading strategy and volume. Many traders appreciate the flexibility offered by worldtradexFX in terms of account options.
