However, you must pass the verification process to start live trading with worldtradex, which can take up to a few business days. Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with worldtradex involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing.
This high rating confirms that the worldtradex app excellently combines functionality and ease of use, making it an indispensable tool for mobile trading. The commission for withdrawing funds depends on the payment system used. Withdrawal requests are processed 24 hours a day on business days.
However, it’s important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it’s essential to research and compares different brokers to determine which best suits your trading needs and budget. As a trader, you should feel confident that your financial investments are in good hands with worldtradex.
Copy Trade and Investment Options
worldtradex offers educational content on its blog, with quality written articles. It lacks coverage of core topics and provides readers with reasons to trade Forex rather than educating beginners on how to get started. I like its focus on trading strategies, but I need critical educational material. Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader.
How to open a demo account?
You must also ensure the worldtradex broker’s profile, trading tools, fees and regulation aligns with your needs and goals. The minimum deposit is $100 for all account types except for the ECN account, which requires $200. The swift worldtradex online account application takes less than 30 seconds to complete and asks for a name, e-mail, phone number, and desired trading platform. I appreciate that worldtradex does not engage in unnecessary data mining as part of its registration process.
worldtradex MetaTrader 4 & MetaTrader 5 AutoChartist
Throughout our comprehensive worldtradex review, we have covered a lot of ground and provided an in-depth analysis of the platform’s features and functionality. Although we found some very useful aspects of the worldtradex platform that would be useful to some traders. While it may be a new skill set for some, it is what the market requires for success.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. You will be exposed to a high risk of loss regarding leverage and margin-based trading. It’s worth noting that the expiration date of the proof of address document may differ for different entities under worldtradex Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you’ve passed compliance, you can start exploring worldtradex’s platform.
worldtradex Trading benefits
Yes, the Fixed account offers fixed spreads starting from 3 pips with no commissions. MT4 offers 30 indicators, 9 timeframes, beginner-friendly tools, and a single-thread strategy tester. Partners receive one-time payments, up to $20 for confirmed registrations and up to $500 for funded accounts, depending on the deposit amount. Partners earn up to 80% of worldtradex’ revenue from trades made by their referred clients, regardless https://worldtradex.space/ of the client’s trading success. Yes, worldtradex allows you to transfer any profit earned on a demo account to a live account.
There are no maximums, except for credit/debit cards at $3,000 daily. Deposit and withdrawal currencies are US Dollars and Euros, plus all supported cryptocurrencies. Per AML rules, the name on the payment processor and worldtradex account must match. worldtradex does not list bank wires as a deposit or withdrawal method, which surprised me, but I like the available selection of payment processors. Deposit payment processing times are instant, except for cryptocurrencies, which can take up to one hour.
- It is regulated by the Financial Commission (FinaCom) and offers client protection with compensation funds up to €20,000 per case.
- Negative balance protection exists, meaning traders can never lose more than their deposits.
- User reviews of the worldtradex mobile application are pretty positive.
- Past results are no guarantee of future success, so make your financial and investment decisions with utmost care.
We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. I have been involved in many international stock, forex, and futures trading for over a decade. We hope you found our review of the worldtradex brokerage firm useful.
This app lets users get up-to-date information on global markets, including news, market analysis, and real-time quotes. worldtradex offers a seamless deposit and withdrawal process with 0% commission on all deposits, regardless of the payment method. Available payment options include bank cards, cryptocurrencies (like Bitcoin, Ethereum, and USDT), and e-wallets (like Volet).
On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features. For its clients, worldtradex offers https://worldtradex.site/ quite attractive commission conditions. It is important to note that the company does not charge any inactivity fees, nor does it charge for deposits and withdrawals, which significantly eases the trading process for traders.
