While you see all the important information in your dashboard when you open an account, some important info is missing from its website when you don’t have an account yet. But the real advantage here, for me, are the features. The analytics I use a lot, in the morning, drinking coffee, I think that is pretty much mandatory when trading stocks. Sure I read Bloomberg but worldtradex has often more info, some off-brand stuff that might make me think.
Many ways to pay, convenient👍
You are advised to proceed with great caution when dealing with them.It purports to show an interview between Piers Morgan and Prime Minister Starmer. My experience is similar to many others who have dealt with worldtradex….missing and lost money, inability to withdraw, scam alerts etc. They are not FCA registered but tell you they are so you have little recourse via that route and their Compliance/Support Teams actively refuse to investigate named individuals in a fraud case. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.
You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades. As a chart artist, I have always preferred trading platforms with charts that allow me to scale price action up and down easily. I found its charting capabilities quite rigid and ineffective. The one thing that MT4 is quite suitable for is automated trading because it is not dependent on https://worldtradex.club/ the execution of precise technical analysis. MetaTrader 4 has many essential features, such as one-click trading, an alarm setting option, and a depth of markets tool.
Commissions and spreads
On top of that, you have indicators, etch views, economic calendar and market buzz from trading central. So I cannot complain about my trading being unfinformed. But I would prefer some other trading apps such as mt5, for more detailed price view. That said, the system of account is pretty interesting. Having really tight spreads on currency pairs is more than a priority for me, so i signed for a Premium account. They have the system of bonuses too but I don’t even use them.
Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. 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.
I also discovered that the broker has a ‘best execution policy’, guaranteeing that traders’ orders will be filled under the most favorable price quotes under the prevailing market sentiment. Do people use brokers that don’t provide any sort of value? Well I don’t think so and that wasn’t going to be my case when I decided I was going to use worldtradex. My expectations are sure damn met and the platform is easy to use and navigate, it’s quite advanced with effective analytical tools. I gave the copy trading feature a try but it made me lazy so I switched back to trading manual but it was worth it and profitable.
Hello Benoît R.,We are so grateful that you took the time to write this excellent review! Hello Yair H.,We are so grateful that you took the time to write this excellent review! 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!
tight spreads guarantee that you will get good profits and worldtradex delivers them!
worldtradex is still a relatively new broker, having been established just a couple of years ago. Hence, the company is still working on developing a strong brand name that is trusted internationally. 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 provided all I like, MT4 stable platform, fast support, high leverage on forex.
Hi Murtada Siraj Guirguis,Thanks for taking the time to share with us your feedback! We’re glad to hear you’ve been able to do well with the platform. We’re consistently looking at various features that might make the platform more useful https://worldtradex.world/ for our traders. Hi Enrique,Thank you for your kind words about Thomas. Our team is made up of dedicated professionals, and we’re proud to see that he provided you with exceptional service. Hi A Muro,Thanks for taking the time to share with us your feedback!
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Why you can trust FX Empire
I conducted my test on 18 December at around 9.50 am CET via live chat. I requested additional information about worldtradex’s execution model, average execution speed, and general trading conditions. 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. However, as a trader who relies heavily on precise technical analysis, I am highly skeptical of MetaTrader 4. At least when it comes to executing penetrating technical analysis.
I like how many educational resources they have for newbies. 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. I did not find any specific feature in worldtradex’s offering to say that the broker is better suited for high-frequency or longer-term trading.
Their swap fees are much lower than other brokers. That’s why i registered there and opened a privilege account. The mt4 platform lags sometimes but it’s not a big deal since i don’t use high risk strategies where i should act quickly. Dear Users,Thank you for taking the time to review our response to the comments shared by Mr. Paul Turner. At worldtradex, we are fully committed to transparency, professionalism, and fostering trust in all our interactions.
- This is sure one good broker that definitely does what it says it would do and keeps to every of its word.
- At the same time, these spreads was transparent, so I could rely on this info.
- It got me thinking about a real trading as I won’t be missing an important alert right in the app.
- worldtradexs’ support team is responsive and helpful… I appreciate their approach and willingness to help, not only to tick off a request 😀 They guided me through a few account-related issues effectively.
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 positions but also the losses incurred from failed trades.