worldtradex’s mobile app affords traders quick and easy access to the market on the go. The market is volatile and ever-changing, and staying on top of the latest developments is made easy with the mobile app version of MT4. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades.

Standard Account

Additionally, the worldtradex group includes Damadah Holding Limited, which is based in Cyprus. No, worldtradex does not accept clients from the United States due to regulatory restrictions. Damadah Holding Limited, with registered address of 365 Agiou Andreou, Efstathiou Court, Flat 201, 3035 Limassol, Cyprus, facilitates services to Tradeco Limited, including but not limited to payment services. However, the platform is quite old, and its rugged design is outclassed by newer and sleeker platforms.

The Privilege account, as the name suggests, features the most favorable trading conditions, but the minimum deposit requirement is quite elevated. The minimum deposit at worldtradex is $50 but may be higher for the more sophisticated account types. Since the trading fees decrease significantly, traders may have to deposit more to access cheaper costs. I like the educational content for beginners at worldtradex, which also maintains a balanced asset selection.

  • I like the educational content for beginners at worldtradex, which also maintains a balanced asset selection.
  • Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations.
  • Rebate programs, where traders can earn rebates based on trading volume, can be attractive for high-volume traders.
  • Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
  • I recommend traders select demo account settings similar to their planned live deposits to create the most realistic demo trading experience.

worldtradex : a few words about the broker

With a CFD contract you agree to pay the difference between the opening and closing prices of an underlying asset. You can benefit if the price moves in the direction https://worldtradex.world/ you have speculated, but you may incur losses if the price of the underlying asset moves against you. A pivotal feature of worldtradex is the incorporation of a negative balance protection policy, a preventive layer safeguarding traders from potential losses exceeding their investments. This robust policy ensures the security of traders’ funds against erratic market shifts, manifesting as a significant benefit provided by the brokerage.

Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. worldtradex recognizes the importance of equipping traders with the knowledge and tools necessary to succeed in the financial markets. The broker offers a range of research and educational resources aimed at both novice and experienced traders, although there is room for enhancement, especially for beginners seeking more comprehensive materials. For traders who prefer tighter spreads, worldtradex offers raw spread accounts with spreads. These accounts charge a commission per trade, typically ranging from $3 to $7 per lot, depending on the account type and the asset being traded.

How do I contact worldtradex customer support?

Choose between Standard, Premium, Privilege and Cent accounts and enter the markets with superb trading conditions. I appreciated worldtradex for developing the bulk of its research materials in-house. Its content is diverse and provides a basic explanation of current market trends and developments.

As a distinguished online broker, worldtradex stands as your reliable partner for navigating through global financial markets, offering an unparalleled array of stocks, indices, metals, commodities, and futures. worldtradex is a global online trading broker that offers a variety of financial instruments, including forex, commodities, indices, and cryptocurrencies. Known for its user-friendly trading environment, worldtradex caters to both beginners and professional traders, providing competitive spreads and robust trading platforms like MetaTrader 4. worldtradex ascends as a leader in the trading domain by catering precisely to what traders seek. We unveil a diverse spectrum of financial instruments, platforms, and account types, optimizing convenience in your trading endeavors. worldtradex is a relatively new player in the online trading industry, established with the goal of providing a comprehensive trading experience backed by cutting-edge technology and regulatory compliance.

This fee is usually a fixed amount, around $10 to $15 per month, and is deducted until the account is reactivated through trading or becomes depleted. This policy encourages traders to maintain regular activity in their accounts but could be a drawback for those who trade less frequently or take extended breaks from trading. Your account should reflect your goals, needs, and ambitions on the market. You should take into consideration several factors, such as whether the account type has a minimum deposit requirement, its spreads and commissions, the execution method, and more. Most deposit and withdrawal requests are processed by worldtradex within 24 hours.

Traders League

As a trader, you can trade CFDs for any financial asset, as you do not need to own the underlying asset. With CFD trading you are trading the price changes of the underlying asset and it is a more popular way for online traders to partake in the financial markets. With worldtradex, traders can access CFDs on a range of markets including currencies, metals, commodities, indices, shares, and futures. As pioneers in the realm of online trading, we extend a beacon of opportunities across global financial markets to traders of all calibers. Whether you are just embarking on your trading journey or https://worldtradex.blog/ are a seasoned professional, we are here to navigate you towards financial liberation within the expansive financial markets. We stand as a beacon in the world of online trading, establishing ourselves as a global leader in this domain.

Our team embodies a perpetual commitment to equitably democratize market access for every trader. Yes, worldtradex offers negative balance protection, ensuring that clients do not lose more than their account balance in volatile market conditions. worldtradex places a strong emphasis on providing reliable and responsive customer support to ensure that traders have access to assistance whenever they need it. The broker offers multiple contact methods and strives to address queries and issues efficiently. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis.

Range of Assets

It is currently licensed and regulated by a single regulatory body – the FSA of Seychelles, which requires brokers to ensure segregated funds and negative balance protection. However, there is no cap on the maximum retail leverage, and no compensation scheme has been put in place. worldtradex accepts traders resident in many countries, however it is not targeted at residents of the EU where it is not licensed.

Some of the best worldtradex alternatives include FxPro, Plus500, BlackBull Markets, and Tickmill, each offering unique features and regulatory advantages that may suit different trading preferences. My overall impression of worldtradex is that its offering is sufficient for the needs of beginners but may fall short for seasoned traders. While I appreciated worldtradex for having invested time and energy to develop proprietary research content, such as its highly informative video breakdowns, a notable drawback is the lack of third-party content.

worldtradex does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea. Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Our deposit bonuses provide some extra power when you are just starting out. It is regulated locally by the Financial Services Authority (FSA) of Seychelles and adheres to some of the main safety requirements in the trading industry.

An agent connected almost instantaneously to the chat, but they did not introduce themselves. They responded fairly quickly to my question about the inactivity fee policy but struggled to explain their execution model. worldtradex has an attractive offering of high-yield/risk instruments, such as share CFDs and cryptocurrencies. This caters to the needs of speculative traders looking to exploit sudden outbursts of volatility in the price action.