This could include opening an account with worldtradex Markets Cyprus Ltd, or Uni Fin Invest which is worldtradex’s Mauritius entity. Additionally, Orinoco Capital (Pty) Ltd. holds a Financial Service Provider (FSP) license number from the Financial Sector Conduct Authority (FSCA) in South Africa. It is also regulated by the Financial Services Commission Mauritius (FSC) and Mwali International Services Authority (MISA) for non-EU clients. 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. This bonus is also withdrawable though you must meet certain terms and conditions set by the broker.

Founded in 2011, worldtradex has built a substantial global Worldtradex website presence over its years of operation. The broker reported serving over 12 million trading accounts across more than 150 countries, with particularly strong penetration in Asia, Africa, and Latin America. worldtradex processes more than $9 billion in monthly trading volume and has executed over 920 million trades since its inception, according to company data.

Deposits and withdrawals with worldtradexFX:

worldtradex stands out with several unique features designed to enhance the trading experience and provide insights into market trends. worldtradex requires a minimum deposit of only $25, lowering the entry barrier for many traders. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. We would say from our experience that this broker has its license so you can use deposits or assets in this market.

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 much as 500,000 Indian rupees (INR). 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 (formerly worldtradexFX) is part of a group of global entities, which include worldtradex Markets LTD (based in the island of Mwali) and worldtradex Markets Cyprus Ltd (based in Cyprus).

These substantial operational metrics match the broker’s strong positioning in search visibility. worldtradex scored highly in my trust test with 12 years of industry experience and licences from CySEC, MSC, and MISA delivers a secure and transparent forex broker. I think the broker’s trust is supported by its 60+ awards from the forex industry and 8,000+ positive TrustPilot reviews demonstrating that its clients are happy with its operations.

worldtradex Main Features

One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices, and stocks. Once users have gotten up to speed on a demo account, they can easily switch to a live version. Over a week-long testing period, I probed customer support with dozens of inquiries, ranging from available tools to fees and questions relating to the security of client accounts.

Trade with the Best Global Broker Asia 2022

• Check out my picks for the best mobile trading apps in the industry.
• Here is a closer look at a few of these features and how they can benefit you as an worldtradexFX trader.
• worldtradex processes more than $9 billion in monthly trading volume and has executed over 920 million trades since its inception, according to company data.
• 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.
• You can enter the financial market with very little capital (0.01) lot depending on your position.

It also provides Islamic (swap-free) accounts that comply with Sharia law. worldtradexFX is worthy of investment, and there are various reasons to believe so. First, it was founded in 2011 and offered excellent opportunities to traders and investors so they could efficiently work on the trades.

It also bucks the industry trend by not charging swaps or inactivity fees. For both trading accounts (worldtradexFX MT4 and worldtradexFX MT5), all fees are reflected in the spread – there are no additional commissions charged. worldtradex has competitive spreads in some instruments such as EUR/USD and impressive research written by in-house analysts. Moreover, worldtradex is a crypto-friendly broker – traders can choose from 34 CFDs on cryptocurrencies and make deposits and withdrawals in crypto. Our market analysis service offers the latest currency rates, including EURUSD and GBPUSD, intelligent technical analysis tools, and daily market insights from our experts.

Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives. Participating in financial markets involves high risk, which can result in the loss of part or all of your investment. Should you need it though, the customer service team is available through live chat, phone, and email to deal efficiently with any problems that may arise. worldtradexFX provides well in terms of language choice to traders, though there is a clear focus on the Asian market when it comes to available languages. The platform can be accessed through Windows, Mac, iOS, or Android, and is an excellent and very well-respected trading platform among the community.

worldtradexFX Contact Information

You can search for a profitable trader and invest in their trader one by one. It is also possible to diversify your portfolio by investing in more than one trader for better risk management. More than 2,840,000 of the essential bonus fund was valued in that field. It helps maintain a highly competitive cost structure in emerging markets.

• A software provider that fails to inform clients about data-sharing policies or hidden subscription renewals can lose user trust.
• Both the user and any interested party can access this section to see the performance of accounts that have opted for public visibility.
• It is the perfect opportunity to trade in a no-risk environment with virtual funds, but which also perfectly replicates live trading.

Deposit and Withdrawal options

But first of all, you can not pay out the bonus, you can only use it to make more profit. For withdrawal of the bonus, you have to do a certain turnover in trading volume (The bonus amount in lots divided 2). It has several entities around the world and provides services by industry standards. worldtradex operates under various regulatory frameworks depending on the entity through which an account is opened.

Make trading work for you

In our opinion, worldtradexFX MT4 is perfect if you are new to only trading or more experienced and have a preference for minimalistic yet sophisticated trading tools. An worldtradexFX MT5 account is perfect if you are a more innovative trader. Below you will find an overview of the key similarities and differences between the two account types. Overall, the differences are rather minimal, and which account type you choose is ultimately a question of your personal preference. Time Frames change, Access Trading History and Mobile access for online trading carry friendly and useful features. Although variable spreads are offered in these trade markets, a higher spread may be transmitted depending on the number of customers.

To open an account, you need to use your name and email as well as a strong password. If you do not provide your full name and email address, the account will not be created. worldtradex also operates under other entities that are regulated by lower-reputation organizations. 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. This regulation does not provide significant protection for consumers.

When brokers conceal their trading conditions, costs, or inherent leverage risks, they create an environment where traders, especially less experienced ones, are at a serious disadvantage. This lack of transparency produces long-lasting negative consequences that affect a trader’s overall ability to succeed in the markets. The broker’s range of forex trading products is limited to MT4, MT5, and worldtradexTrader but still provides a service to every trading style thanks to the MetaTrader options. I was surprised most by the worldtradexTrader which is limited in comparison to MetaTrader but offered a unique technical analysis service which impressed me with the expertise of the analysis. When choosing my account the broker offers three options which are essentially the same Standard account but used for different trading platforms. I think worldtradex is a solid option as it provides excellent features that I think will appeal to a variety of traders.

worldtradex (formerly worldtradexFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. worldtradex has also gone above and beyond with its education materials which include live webinars and carefully crafted courses. Customer service is highly responsive, with one drawback being that there is no phone support. worldtradex also made a significant step forward since my last review by adding 150 CFDs on shares from 16 global stock exchanges. The education section on the worldtradex website is well thought out, clearly presented, and made for different levels of traders – beginners, intermediate, and experienced.

The application is, of course, used for FX trading, and it can be said to own a few powerful charting of all mobile applications. During our testing, we confirmed that no swap fees are charged for maintaining open positions not only overnight but also during the weekend for several days. One question that arises during the review is what happens with the bonus (credit) if the account balance falls below zero. In such cases, if the account balance turned negative, the credit from the bonus would be automatically cancelled, preventing the account from going negative. The minimum deposit is $25, while for several cryptocurrencies, the amount is approximately $50. At Rationl FX, we prioritize clarity and transparency in all our interactions.

According to the broker’s website, clients have negative balance protection, and client funds are segregated from the company’s operating funds. What issues can traders face if their broker hasn’t provided all the necessary information upfront? What are the industry benchmarks in terms of brokers’ transparency?