I consider the chart screen a platform’s most important feature. It aids technical analysis by providing an overview of price action behavior and allows traders access to a number of analytical tools and chart configuration possibilities. In my view, a good chart should afford easy scaling up and down of price action.

Why is Choosing the Right Account Type Important?

worldtradex has a rating of 4.3 stars from 71 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with worldtradex most frequently mention tight spreads, customer support and privilege account. 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.

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People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Hi Gregory Anderson,We really appreciate you sharing your worldtradex experience with us! Hi Sébastien Morel,We really appreciate you sharing your worldtradex experience with us!

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When you are ready, you can open a real live trading account in just minutes with a deposit starting from just $100. There are still some brokers that follow the customs and satisfy old traders, like me. I don’t talk about regulations and stuff, these formalities never interested me. Flawless withdrawals is what made up my mind to trade here. I checked the process by usdt crypto and it worked very well, can be trusted. At worldtradex we provide the tools and support to help you develop your trading skills and unlock your potential.

My overall impression of worldtradex is that its offering is sufficient for the needs of beginners but may fall short for seasoned traders. The broker operates on a Straight-Through-Processing (STP) basis without a dealing desk. Order requests are transmitted to the interbank level, where worldtradex’s liquidity providers fill them. As long as there is enough liquidity in the market, all order requests will be filled at varying speeds. Compared to the broader industry, worldtradex offers an average amount of share CFDs, and a high amount of FX pairs, commodities, indices, and cryptocurrencies. MetaTrader 4 is easy to navigate because of its simplistic design.

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  • Hello Karim B.,We are so grateful that you took the time to write this excellent review!
  • worldtradex offers commission-free trading and above-average floating spreads.
  • However, the broker’s spreads on currency pairs are quite elevated.
  • worldtradex does not target residents of the EU where it is not authorized.

Companies on Trustpilot can’t offer incentives or pay to hide any reviews. It is good to see that worldtradex treat all clients the same, regardless of your investment size or prior trading experience. Simply choose the account that is best suited to your skill, knowledge, experience and trading goals. Excellent client support is on hand 24/5 to help you as and when needed. Hi Mohamed N.,Thanks for taking the time to share with us your feedback!

We do not provide financial advice, offer or make solicitation of any investments. Trading and investing in financial instruments comes with a high degree of risk and you can lose money. You should only engage in any such activity only if you are fully aware of the relevant risks. TradingBrokers.com aim to provide unbiased broker reviews. Rates, terms, products and services on third-party websites are subject to change without notice.

The worldtradex live accounts can be separated into fixed and floating spreads. If you are using a strategy that depends on consistent spreads, then the fixed spread account might be ideal. If you are looking for the lowest spreads possible, then you might want to consider the floating spreads account. Either way, both options have very low spreads on par with some of the top brokers. This is especially the case when you consider that they do not charge a commission on top like most do. worldtradex have a nice variety of trading accounts which can cater for different types of trading style.

Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Almost all firms and individuals must be authorised by us if they offer, promote or sell financial products or services in the UK. If you choose to trade with such a high-risk Forex broker, your funds and personal information will not be effectively protected. Based on the broker information on the FxGecko app, I believe there are at least 5 significant high-risk signals for worldtradex (Tradeco Limited) as follows.

  • There is a generous selection of financial instruments to choose from and account types for everyone.
  • Assistance is available in a wide range of languages, including English, French, Spanish, Chinese, and Arabic, during business hours, Monday to Friday.
  • Someone will frown upon it but i think it’s a way to start!
  • Based on the broker information on the FxGecko app, I believe there are at least 5 significant high-risk signals for worldtradex (Tradeco Limited) as follows.
  • TradingBrokers.com aim to provide unbiased broker reviews.

Hi Kunn P.,We really appreciate you sharing your worldtradex experience with us! Hey Demetris Moustakas,Thanks so much for your feedback, and we’re happy to hear that you’ve been enjoying our platform! In my trading with spot metals and the MT4 app from the worldtradex broker, I have almost zero hiccups. Analytical support is not bad, although I am not “qualified” for trading signals from TC yet. I am thinking of making such a deposit (from 500 usd) which will allow me to do so. Another perk is having a great contact with the support team, always ready to help.

You can trade manual and automated trading strategies in the MT4 platform. The broker provides over 300 trading instruments across most major asset classes, offers diverse trading accounts, and incorporates the popular MetaTrader 4 platform. worldtradex offers demo accounts that introduce traders to the broker’s services and allow them to tweak their strategies in a risk-free environment.

The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself alongside your live CFD account. I consider the https://worldtradex.pro/ Standard account as the most accessible option due to its minimum deposit requirement of $100 (when there are no accompanying bonuses).

I have compiled the table below to help you better understand the difference between the trading fees on worldtradex’s several account types. It illustrates the spreads and commissions I have recorded on the EUR/USD pair for each account type. The table shows how much you will have to pay to trade 1 full lot (100,000 units) on the EUR/USD with a pip value of $10.

The leverage determines a trader’s overall market exposure. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. Essentially, the broker lends the trader money so that the latter can open bigger positions. The leverage multiplies the profits a trader generates from winning Worldtradex reviews positions but also the losses incurred from failed trades.

The broker is authorized by the Seychelles ‘s Fin authority and overall strives to keep Ur account secure and safe. I feel cared for and this is a great sign of a legitimate company that you entrust your finances to. Hello Archil G.,We are so grateful that you took the time to write this excellent review! Hello Emin M.,We are so grateful that you took the time to write this excellent review! Hello Karim B.,We are so grateful that you took the time to write this excellent review!

It could be argued that MetaTrader set the standard for how retail platforms should be organized. CFD prices are commonly found as a double price quotation called the bid and ask prices. The pair of prices shows the best potential price at which an asset can be sold and bought at a specific time. The bid price is the highest price a buyer is prepared to pay, whereas the ask or “offer” price is the lowest price a seller is willing to accept.

You can choose between the Standard, Premium, Privilege and Cent accounts. The account type which you opt for depends on your risk tolerance, your initial investment size and the available time you have to trade on a daily basis. The MT4 platform comes fully loaded with all of the trading tools that you need to analyse the charts of your favourite symbols for potential trade opportunities. There are also thousands of free and paid add-ons that you can install to further enhance the already substantial capabilities of this leading platform. Whatever your idea for a trading strategy, you can bring it to life by creating customised trading templates for all of your charts. There are technical analysis tools and drawing objects to mark key price levels, identify trends and find price reversal points.