Their tutorials and webinars helped me a lot when I was learning the basics of trading. I’ve also had good experiences with their customer service – they’ve always responded promptly when I’ve needed help. If I had to quibble, I’d say they could add more trading instruments. This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices. WorldtradexFX provides a free demo account that simulates real-market conditions, perfect for beginners and strategy testing without financial risk. Yes, through the Worldtradex Copy app, users can replicate the trades of experienced Master Traders.
This initiative recognizes traders’ efforts and engagement by adding an element of excitement and Worldtradex forex broker tangible rewards to their trading journey. The competition recognizes and rewards exceptional traders with cash prizes that can be withdrawn or used for trading, promoting skill development within a secure environment. At Rationl FX, we prioritize clarity and transparency in all our interactions. Our services are available to everyone free of charge, but we do receive compensation from some of our partners for referring clients to them.
Once these preferences are set, the platform takes over, autonomously replicating the master trader’s activities onto the user’s account. This system allows traders to diversify their portfolios, as they can opt to follow multiple master traders simultaneously. In contrast to the conventional forex framework, which frequently imposes overnight fees, WorldtradexFX’s Islamic Account is a revolutionary alternative for Malaysian Muslim traders.
Worldtradex Trading Settings
- This WorldtradexFX review page contains information about investing with WorldtradexFX.
- Worldtradex provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Please feel free to reach out to us anytime at again for choosing Worldtradex, we’re proud to be a part of your trading success!
- In addition, the list of payment systems can change frequently, which can be annoying for some users.
- Also, Bulgaria, China, Croatia, Cyprus, Czech Republic, Denmark are far ahead in terms of business investment.
WorldtradexFX is financially competitive, particularly in terms of spreads on instruments such as EUR/USD. It provides in-depth research conducted by in-house analysts and access to third-party tools such as AutoChartist. Worldtradex affirms that, in accordance with international regulatory standards, it uses separate accounts to keep traders’ funds segregated from the company’s balance sheets. However, it does not provide Percentage Allocation Management Module (PAMM) accounts or Multi-Account Manager (MAM) services. Worldtradex offers negative balance protection, which means that if a market slippage results in a negative balance, Worldtradex will adjust the balance to zero. This feature ensures that traders cannot lose more than their initial investment.
Does WorldtradexFX offer any fee discounts or promotions?
Once your account has been funded, you can begin trading Forex and CFDs with WorldtradexFX’s trading tools and features. This particular account boasts of an array of remarkable features encompassing astute and well-informed traders seeking to push their level of expertise beyond its current limits. This makes it an excellent choice for those looking to increase revenue by leveraging a larger network. Overall, the WorldtradexFX Affiliate Program and its ancillary options provide traders with a comprehensive suite of opportunities to capitalize on their networks and expertise.
User Satisfaction i
Andorid mobile devices and tablets are used by millions of people globally. The Android WorldtradexFX MetaTrader 4 application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely. 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. Dear Sir, Thank you so much for your heartfelt message and for being a part of the Worldtradex family for over 15 years.
Are there any research tools available with WorldtradexFX?
No, WorldtradexFX accounts are non-transferable, and the account holder’s name cannot be changed. Yes, before requesting account closure, you should close all open positions and withdraw any funds. Finally, press the “Trade” button, log in with your trading password, and you can begin trading Forex on the MetaTrader 5 platform. The base account currencies made available to Malaysian Traders include the Euro and the United States Dollar. Once you have registered as an affiliate, you can access various marketing materials through the WorldtradexFX affiliate dashboard.
Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out Worldtradex’s educational offering. That being said, there isn’t much educational content for learning how to trade or understand market dynamics. It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. 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. It was also discovered that nearly 50 per cent of user funds were diverted from the WorldtradexFX platform to mule payout accounts.
The dashboard, or client portal, provides relevant information and tools regarding the account. Numerous sections focus on customer services related to accounts and administration rather than market-related issues. A status program is offered where clients, based on their deposited funds, can access different levels that provide enhanced services.
- The Micro Account may be a cause for confusion as it is not quite as micro as traders may expect when compared with other Micro Accounts from FXTM and others.
- With an impressive collection of over 2500 reviews on Trustpilot, boasting a score of 4.2, it’s clear that Rational FX has built a reputation for providing reliable and unbiased information.
- It is very easy to open a demo account with WorldtradexFX, and you will get this account quickly.
- Verification can help ensure real people are writing the reviews you read on Trustpilot.
- It is quite clear from their major presence in the industry, and responsive customer care, that they are a trustworthy broker, although this is not immediately clear based on licensing and regulation alone.
- In such cases, if the account balance turned negative, the credit from the bonus would be automatically cancelled, preventing the account from going negative.
Their extensive educational resources include articles, video courses, and webinars. Beginners will appreciate the platform’s demo accounts, ability to trade in micro-lots, and robust educational tools. The Worldtradex platform provides a web-based and mobile alternative, but there is no desktop version, which can be inconvenient for traders who prefer a dedicated program over a web browser. The web-based platform offers quality charts, allows for the placement of technical indicators and lines, and supports alerts that arrive as notifications from the broker. However, it lacks weekly and monthly time frames and does not offer an intuitive zoom tool.
Trading in the Muslim community is considered haram, but swap-free trading accounts, which do not include interest charges, are considered legitimate. Through Worldtradex FX, you can access additional perks like autochartist signals, evolving trading conditions, weekend trading with digital assets, copy trading and a wide range of educational materials. High-level protection of customer funds and data (personal and payment) is processed through a secure SSL protocol, a license, and segregated accounts. The trading and non-trading commissions of broker Worldtradex have been analyzed and rated as Medium with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, Eightcap and Worldtradex Group, to provide the most comprehensive information.
The “Space” section allows users to see posts on various topics directly on the web, but the configuration for the topics is set in the mobile app. A few minutes after submitting the withdrawal, we received a confirmation email. At that point, we could see our withdrawal status as “pending” https://worldtradex.space/ in the dashboard. Less than 30 minutes later, the withdrawal was successfully completed, with the amount credited to our cryptocurrency wallet. The amount experienced a slight deduction due to conversion fees, but no additional charges were applied.
Status Program
It is to establish a feeling of security and confidence in you until you choose to spend your own money. Understand the capabilities of the mobile apps of WorldtradexFX, Startrader & freetrade below. In the event you are withdrawing cash in various currencies from USD, a conversion fee is also applicable.
WorldtradexFX is a financial broker with more than 40 million accounts opened on it. All content on comparebrokers.org is intended for educational purposes only and should never be considered financial advice. We do not recommend or advise that investors buy or sell through any financial instrument like commodities, securities or stocks.