WorldTradex offers many different account types, including ECN Standard, ECN XL, and ECN Advanced. Our WorldTradex review experts found that the ECN Standard account had the easiest entry point with an initial deposit of $100. The ECN XL and ECN Advanced accounts require deposits of $10,000 and $100,000 respectively. Experience the full power of MetaTrader 4 directly from your web browser with MT4 WebTrader.
These resources cater to both beginner and experienced traders, offering valuable insights into market trends and strategies. While the broker does not boast an extensive educational library, it offers enough material to assist traders in improving their technical and fundamental analysis skills. The deposit is low, the MetaTrader 4 platform is one of the best for forex trading, and the tight spreads through the ECN model are competitive.
- WorldTradex occasionally introduces other bonuses and promotions, which have included a $50 WorldTradex no deposit bonus or annual interest on free margin.
- The alignment of WorldTradex with client trades facilitates counter-party executions, showcasing WorldTradex’s unwavering commitment to client interests, making it a reliable ally for traders.
- Our raison d’etre is to craft the most customer-oriented proposition within the industry.
- Its regulation contributes positively to its ratings for credibility and security.
- On the downside, the offshore branch is unregulated, reducing the broker’s safety rating for global traders.
- WorldTradex’s offshore entity offers a 100% welcome bonus up to $2000 whereby new clients can double their initial deposit size.
Unrivaled Transparency and Competitive Spreads
WorldTradex works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker. Accessing the MT4 app through an WorldTradex account is also straightforward, requiring only 3 easy steps, while mobile traders get the same tight spreads and reliable execution provided by the broker. Minimum deposits vary depending on account type at the WorldTradex forex broker. Our WorldTradex review discovered that ECN Standard accounts’ minimum deposit was $100, which ECN XL and ECN Advanced were $10,000 and $100,000 respectively. The overall trading environment at WorldTradex features a low cost structure and competitive asset selection, .
Does WorldTradex Have A Mobile App?
- Therefore, professional traders usually avoid trading with any dealing desk brokers and prefer to trade with ECN/STP brokers that offer Direct Market Access (DMA) conditions for the best trading environment.
- It was simple to complete the demo registration process within the client portal with the benefit of not having to complete any identity verification requirements.
- WorldTradex brand is an international brand that is registered and regulated in various jurisdictions and is committed to offering you the best possible trading experience.
- The company helps traders to improve their skills, through which it attracts customers.
- A country’s balance of trade can show a surplus (positive balance), a deficit (negative balance), or an equilibrium (where exports match imports).
- Whatever your level of trading experience or demands, we believe we have the right account for you.
Still, WorldTradex has done well by providing an attractive, affordable and simple account option for day traders who will appreciate having no trading restrictions or minimum deposit requirements. Yes, our WorldTradex review found that the broker is regulated by the FCA, BaFin, and CySEC. While these are all leading regulatory bodies, our WorldTradex review experts highly suggest registering with one of our recommended and trusted online forex brokers instead. While an WorldTradex no deposit bonus does not exist, WorldTradex offers a 100% first deposit bonus with a $2,000 limit. Terms and conditions apply, and I urge traders to read and understand them before accepting the incentive.
How To Make A Forex Trade
With its stringent adherence to CySEC regulations, WorldTradex grants clients access to a consummate Forex model STP/ECN, establishing itself as a non-market maker, distinctly separating it from Dealing Desk brokers. WorldTradex provides access to the https://worldtradex.pro/ widely popular MetaTrader 4 (MT4) platform, known for its reliability and advanced trading features. The platform supports seamless trading across multiple asset classes, including CFDs, forex, and cryptocurrencies, ensuring flexibility for various types of traders. WorldTradex offers a solid variety of tradable instruments, catering to traders interested in multiple asset classes. The broker provides access to CFDs (Contracts for Difference), which allow users to trade a wide range of markets without owning the underlying assets. WorldTradex’s offerings include commodities, currencies, cryptocurrencies, and indices, giving traders flexibility in choosing their preferred markets.
Standout Features for Traders
It is equipped with useful tools such as advanced charting, and trading strategies, and a nice user-friendly interface. This step is counted as one of the very important factors for traders and thus their ratings go higher. WorldTradex could offer more in terms of trading tools and reduce or eliminate its withdrawal fees, but these are minor complaints. Having tested hundreds of forex brokers, I feel that the WorldTradex’s education section is fairly average, with a decent range of materials available but nothing that stands out. MT4 ultimately gives me the flexibility I need to analyze the foreign exchange market, with 9 time frames ranging from 1 minute to 1 month, 30 integrated indicators, plus 2000 free custom indicators and 700 paid options. Our team highly rates WorldTradex’s forex offering, which includes 72 major, minor and exotic currency pairs and is on par with competitors like OANDA, which offers 68 pairs, and Forex.com with its 82 pairs.
Customer Support
Our introduction mirrors the clear, concise, and precise individual service we render to our clients. If you have experienced other brokers, allow us the privilege to demonstrate why we consider ourselves unparalleled in the industry. This approach negates any conflicts of interest or price mark-ups, corroborating WorldTradex’s stance as a trustworthy partner in trade execution.
How To Open A Demo Account
While the absence of additional security features could be a consideration for some, WorldTradex’s adherence to reputable regulatory bodies and the careful handling of client funds make it a trustworthy platform for traders. I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability. The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which WorldTradex transparently displays on its website. WorldTradex deploys an ECN/STP execution model and does not manipulate quotes.
All the necessary trading tools and resources are on hand to allow traders to conduct research and analysis, enter and exit trades and even use third-party automated trading software (Expert Advisors or EA’s). MetaTrader uses its own programming language MQL4, which allows you to program your own automated trading robots. WorldTradex Forex broker provides a range of educational resources to help traders improve their knowledge and skills. More you will get daily forex technical analysis by forex experts, and forex news. You would expect one of the leading ECN-STP brokers to provide you with the latest, cutting edge, platforms on which to trade and at WorldTradex we never disappoint. Our clients can access the FX markets on all the preferred devices; mobiles, tablets, laptops, PCs and through using remote servers.