MetaTrader 4 MT4 Forex Trading worldtradex

worldtradex has a trust score of 78, from its regulation, reputation, and reviews. An worldtradex No Dealing Desk Brokers determines the best execution means which can result in worldtradex acting as a market maker or using a dealing desk. worldtradex has a section dedicated to ‘Forex Trading for Beginners’, which is a full course for beginners. It starts with an introduction to forex and also covers topics such as pips, leverage, and developing a strategy. In other words, you can trade indices from the United States, Australia, China, Spain, France, Germany, Hong Kong, Japan, and the United Kingdom.

TradingView Pro³

As we researched this forex broker, we were impressed with the customer support offered by worldtradex. Support methods include live chat, email, and phone and this is available 24/5. To cater to all of their global clients, worldtradex also offers specific support telephone numbers in 42 countries. This means you can rest assured someone will speak your language and you won’t have to pay premium phone rates. Our worldtradex review team is pleased with the broker’s social trading options. It is compatible with ZuluTrade, which was the original social trading platform.

Social trading

The Active Trader account uses a tiered commission structure which means the more you trade, the lower your commission cost will be. As you review worldtradex’s research tools, you will find there is a vast range available. There is an economic calendar, a Global Market News page, Live Forex Charts, and a Market Scanner. To help you perform technical analysis, you can also make use of trading analytics and trading signals. Overall, worldtradex provides you with plenty of tools to help you make smarter decisions. Additionally, you can trade the CryptoMajor basket, which features five important cryptocurrencies, allowing for risk management.

You can open an account with worldtradex in a matter of minutes and begin trading incredibly quickly. With a minimum deposit of just $50 (depending on payment method), trading with worldtradex is highly accessible, even if you are a beginner who is not sure of how much they want to trade. worldtradex also offers negative balance protection for clients onboarded under the regulated entities.

• As an worldtradex client, you’ll also benefit from trading with an experienced broker with a good reputation.
• As these are all top-tier authorities, and worldtradex has a long history, the broker’s trustworthiness is guaranteed.
• Finally, some of worldtradex’s educational content is only available if your balance exceeds certain minimum thresholds.
• It also includes access to some of the most popular worldtradex trading tools.

To cater for all trading styles, worldtradex lets you open an individual, joint, or corporate account and all accounts have access to multiple asset classes. worldtradex offers multiple payment methods, regardless of where in the world you live. Deposits are always free of charge and are typically available in your account instantly. Withdrawals are also relatively fast compared to other brokers, which is why our experts think worldtradex passed this part of the review with flying colors. Most worldtradex accounts are available with a EUR or USD base currency, yet Australians can also open AUD and NZD accounts.

• Motivation can instead be inspired by creating interactive courses that feature quizzes and incorporate progress tracking.
• Residents of Kenya are not eligible to apply for an worldtradex live trading account.
• When comparing the spreads to other brokers, worldtradex at first glance appears to have only average spreads.

Opening an account with worldtradex

Trading platforms often come with charting, research, and order processing tools. You can review worldtradex forex broker instruments and place trades across five different platforms, many of which are available on both desktop and mobile devices. Trading Station is worldtradex’s proprietary platform, yet you can also trade via the award-winning MetaTrader 4, ZuluTrade, NinjaTrader, or TradingView Pro. worldtradex also offers a rebate program to non-EU/UK clients, which offers five tiers of rebates based on the monthly volume of trades. When trading forex, CFDs in USOil, UKOil, gold, silver, or copper, the following rebates apply. Note that all national volumes are in USD million and rebates are per million.

The mobile application is as easy to use as the web version of worldtradex, which is complete with the option to bring dynamic charts to full screen for convenience. The only downside is a lack of customization in the applications, and there is no additional security, just the login password. You can use the mobile version of MT4 or download the mobile application for Trading Station for full functionality. worldtradex’s in-house education is above average, and primarily takes the form of articles, videos, and content produced for its worldtradex YouTube channel. To join our team and experience life at worldtradex, visit our Career Centre. Diversity is woven into the fabric of our company as we rely on very different teams of people to enrich worldtradex with new perspectives, collaborative solutions, and unconventional ways of thinking.

Currency pairs

The fee is $40 for most withdrawals via this method, although the Rate Card indicates it is only $25 for those in the UK or US. Although worldtradex charges inactivity fees, they are highly competitive when compared to other brokers. Your account is not inactive until there have been no filled orders for a full year, which is at least double the required inactive period for most competitors. The inactivity fee is just $50 (or 50 of the base currency, except JPY 5,000) or your remaining balance. Residents of Zimbabwe are not eligible to apply for an worldtradex live trading account. Residents of Vanuatu are not eligible to apply for an worldtradex live trading account.

However, the Active Trader account offers tiered commissions with potential savings for high-volume traders. Experienced Australian forex traders that require a very specific niche forex platform should consider worldtradex. Those that require high leverage or are looking for low spreads/fees should review our Best Forex Brokers In Australia and a provider like Pepperstone for advanced traders.

worldtradex offers many tools for both research and education, each of which has its own dedicated section of the website. Some of the research tools include market news, charts, a market scanner, an economic calendar, market data signals, and trading signals. In terms of education, worldtradex offers a live classroom, trading guides, speakers, and a video library. There are enough educational tools to give beginners a head start, particularly when combined with the demo account. The research tools and speakers can appeal to more experienced traders. worldtradex is one of the forex platforms with the longest histories, providing a reputation of reliability.

Whilst NinjaTrader is deemed a powerful platform by many, our worldtradex reviewers would advise that only experienced traders use it. It is not as intuitive as MetaTrader 4 and can be quite confusing for new traders. It’s also worth noting that, within the UK, NinjaTrader can only be used with a spread betting account. Those interested in social trading with worldtradex should consider ZuluTrade, as this is a peer-to-peer auto-trading platform.

Benefit from a retail account with great conditions and fees

As Trading Station and MetaTrader 4 are both available on mobile devices, our worldtradex review team feels that you should have no problem trading on the go with this broker. While you will occasionally need to make extra clicks to access information, all information is visible on the mobile version of the website. worldtradex is one of the best brokers for education and webinars as the broker offers four different live classrooms, with three available every weekday and one every Wednesday. If you miss a live webinar, you can view it in the Forex Video Library.

An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research.

Residents of cuba are not eligible to apply for an worldtradex live trading account. Residents of Congo – Brazzaville are not eligible to apply for an worldtradex live trading account. Residents of Central African Republic are not eligible to apply for an worldtradex live trading account. Residents of bermuda are not eligible to apply for an worldtradex live trading account. Residents of burundi are not eligible to apply for an worldtradex live trading account. Residents of belgium are not eligible to apply for an worldtradex live trading account.

worldtradex operates four subsidiaries around the world that are overseen by different financial authorities. The leverage you are able to trade with depends on whether you sign up to the UK, European, Australian or South Africa entity. Our broker reviews Worldtradex are reader supported and we may receive payment when you click on a partner site. Additionally, worldtradex has an extensive FAQ section that includes most of the information you should need. There is also a convenient search bar on the FAQ page in addition to the category-based organization. Each has its own article with descriptions that are several hundred words on average.

The platform incorporates news and the economic calendar for easy access. It also includes access to some of the most popular worldtradex trading tools. A trading platform is simply a software interface that allows you to place trades.

You can easily trade a range of index CFDs with worldtradex, offering yet another way of diversifying your portfolio. With the demo account, you will receive 20,000 USD (50,000 GBP for UK and EU Clients) of virtual funds for trading. To help make the demo account as useful as possible, worldtradex lets you customize the leverage and balance. As noted in the introduction, worldtradex is a trusted forex broker that has been operating for 20+ years. It was established back in 1999 in London and now caters to clients across the world.