The spreads here start at an extremely competitive 0 pips with $5 per side per lot of commission, or from as low as 0.2 pips with no commission depending on your account type. There may also be a fixed exchange rate in place to benefit you as a trader depending on location. Here the broker makes a special fixed exchange rate of 1 USD to 10,000 IDR available that can help traders combat currency volatility. The only exceptions here may be in the case of your deposit not matching the base currency on your account, you would then have to pay a conversion fee.
worldtradex Charts and Analysis
You can compare it to the initial or general trading of the stock market. But here, the average of the spreads is calculated as 0.4 pip in Forex. If you want to get it out of the stock index, it will be less than 1 point. Even better, if you expect a high-rank spread, then the black account can help you in this regard. You may know that there is no guarantee of making money in online FX trading. So we think it is very important to move towards the trading platform with your prudence, practical humanity, and knowledge.
Deposit Bonus
Overall, the worldtradexFX Affiliate Program and its ancillary options provide traders with a comprehensive suite of opportunities to capitalize on their networks and expertise. worldtradexFX’s Affiliate Program offers a sophisticated and adaptable model for https://worldtradex.world/ Emirati traders looking to supplement their income through client referrals. This program is one of worldtradexFX’s two passive income options, the other being the CopyTrading feature. worldtradexFX has launched a campaign called “Trade and Win Giveaway” to recognize the hard work of traders in the UAE. Meeting certain trading volume requirements allows participants to win exciting rewards like exclusive trips, laptops, or smartphones through random selections. This initiative boosts trader motivation and offers tangible incentives along their journey toward prosperity.
How to open an worldtradexFX account
We are delighted to hear that you find our platform straightforward and easy to use. Dear ツA D O Mツ, Thank you for your kind words and for appreciating our service and support. These resources are designed to give you the confidence and knowledge you need to make informed trading decisions. Feel free to reach out anytime at We’re always here to assist you.Thank you for choosing worldtradex as your trusted trading partner. We look forward to supporting your continued success.Kind regards, worldtradex Rep. Dear Jaidin Bin Mading, Thank you for your feedback and for choosing worldtradex as your trading platform.
It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. We hope, that reading all of the worldtradex reviews you will find the answers to your questions. In case you don’t, please feel free to contact us via Our dedicated 24/7 support team is available in English, Indonesian, Malay, and more.
How Can I Open worldtradex Account? A Simple Tutorial
In our experience, the support via chat is perfect for a fast and competent answer, often time the support will reply within a few minutes. worldtradexFX will make the majority of its revenue from the added spread and reinvest part of the revenue to further improve customer service. Unlike with some other brokers, there are no commissions on deposits, withdrawals, or currency exchanges.
- PipPenguin and its staff, executives, and affiliates disclaim liability for any loss or damage from using the site or its information.
- 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).
- The site may contain ads and promotional content, for which PipPenguin could receive third-party compensation.
- The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.
- The MT5 can also be said to be an automated trading option.
Understanding the regulatory standing of a broker not only informs traders of the protections in place but also of the broker’s commitment to upholding high standards of operation and client service. While worldtradex holds reputable licenses, it’s important to recognize the limitations. Their regulatory coverage is specific to the EEA and South Africa, placing traders outside these regions in a position where local regulatory protections may not apply. Moreover, worldtradex’s declaration of compliance with international regulations and anti-money laundering policies, under the authority of MISA from Comoros Island (license no. T ), adds another layer of regulatory adherence. However, the absence of explicit mentions or numbers for additional regulations outside of CySEC and FSCA could be a point of consideration for those seeking transparency and comprehensive regulatory coverage.
MT4 is perfect if you’re already familiar with the platform or if you want access to a wide range of trading tools and indicators. The platform can be accessed through Windows, Mac, iOS, or Android, and is an excellent and very well-respected trading platform among the community. Ultimately this means you will have access to an extensive range of tools and indicators depending on your platform choice. There are a total of 51 charting indicators provided, and 31 drawing tools also. This effectively means that they can provide the very fastest order executions in the industry, along with direct access to a number of liquidity providers to give you the best possible prices on each asset offered. 4 of these are available for trading through MT4 and this offering includes major indices from the EU, US, Australia, and Japan.
We can confidently say, worldtradexFX is a safe option to deposit your funds, but is it also the most suitable one for you and your needs? After testing the platform with our own money and comparing it to hundreds of other sites, here are our pros and cons. Some accounts have lower spreads but charge commissions. You want to know someone has your back when you’re getting started. The company was founded in 2011 by a team of fintech enthusiasts who wanted to make trading accessible for everyone. Their goal was to create an open and welcoming platform for newbies and experienced traders alike.
worldtradex is an up-and-coming broker that has been in operation for nearly 10 years. Its growth has enabled worldtradex to continue to expand its products and services. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust. 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). worldtradex also provides financial services through its intermediary, Orinoco Capital (based in South Africa). Lastly, worldtradex also has an entity regulated in Mauritius, through Uni Fin Invest .
We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. MT4/5 and cTrader are one of the top software on the Android platform on mobile. It has been designed by worldtradexFX Markets for traders in a way that is easily accessible on mobile. worldtradexFX clients allow them to access trading on any Android device.
Emirati traders can avail themselves of the “50% Deposit Bonus” offered by worldtradexFX, which provides a bonus of 50% of their deposits. This added value may be utilized for trading purposes, allowing traders to fortify their positions and enhance strategies accordingly. Upon fulfilling specific volume requisites, the bonus funds become withdrawable, thereby bolstering overall trading resources significantly. Blain Reinkensmeyer has 20 years of trading https://worldtradex.space/ experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
Here is a more detailed look at the wide range of top trading platforms you can expect to find when you are trading at worldtradexFX, and what they can provide you with. These are all useful and important tools to utilize for any forex trader on all platforms and brokers. Taking a look at the CFD markets available from worldtradexFX, it is noted that they offer a little more than 70 assets in total. Some of them may not be available within every region or account type. With that said, they still offer good value in terms of trading conditions.