Copy Trading further enhances its appeal by simplifying trading for beginners and providing passive income opportunities. worldtradexFX provides a highly accessible Copy Trading service, designed to benefit both beginners and experienced traders. This feature allows users to replicate the trading strategies of successful traders (referred to as “Master Traders”) automatically. Furthermore, worldtradexFX’s competitive spreads and leverage options add to its allure, but it is important to note that, like all trading platforms, worldtradexFX has drawbacks, such as occasional technical issues.
worldtradex is the best broker
Those who follow Islamic financial principles or traders who want to minimize overnight financing expenses will especially benefit from this function. worldtradex handles customer queries through multiple channels including a live chat function, email, and phone support. worldtradex does a commendable job of offering educational and research materials to its users, though room for improvement and expansion still exists compared to some industry leaders. worldtradex stands out with several unique features designed to enhance the trading experience and provide insights into market trends.
Who will Benefit from Trading with worldtradexFX?
The platform supports MetaTrader 4 and MetaTrader 5, catering to different trading styles and strategies. Users particularly appreciate the platform’s real-time charting tools, technical analysis features, and automated trading capabilities. This innovative process is straightforward and traders receive weekly rebates deposited directly into their trading accounts. worldtradexFX comprehends the significance of traders’ flexibility and offers tailored mobile trading applications for MT4 and MT5, exclusively created for Android and iOS users. This platform is especially useful for Malaysians who wish to hone their trading skills and methods before engaging in live trading.
- Finally, worldtradexFX demonstrates its commitment to excellent client interaction by expanding its customer service capabilities with an interactive online chat system.
- In this course, I had access to 11 video lessons that lasted roughly 5-10 minutes but went into detail about how to trade forex.
- Matching your base currency to that of your deposits and withdrawals can be an important way to help you save on paying conversion fees which ultimately increase your cost of trading.
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- The dashboard, or client portal, provides relevant information and tools regarding the account.
Does worldtradex operate a bank?
The worldtradexFX ecosystem includes the specialized CopyTrade app and mobile versions of MT4 and MT5. This app goes beyond traditional social trading by utilizing an AI-based recommendation system that matches traders with Masters based on their trading style and risk profile. To participate, traders must create an Affiliate Account and use the unique referral link provided to acquire clients.
It also bucks the industry trend by not charging swaps or inactivity fees. For both trading accounts (worldtradexFX MT4 and worldtradexFX MT5), all fees are reflected in the spread – there are no additional commissions charged. You want a Worldtradex scammers platform that’s easy to use but also has the tools you need. worldtradexFX’s cTrader platform is great – customizable layouts, technical analysis tools, and automated trading options. FXTM’s MT4 platform is also good, but Exness’s platform felt a bit overwhelming for my taste as a beginner. Whether you’re a novice exploring the markets or a professional looking for advanced tools, worldtradexFX provides the necessary resources to achieve your trading goals.
In addition, worldtradex provides extra services to its clients, including educational content, relevant information, bonuses, and customer support, which are readily available to resolve any issues. One key factor distinguishing worldtradex is that it does not charge swaps. Dear Mamta, Thank you so much for your kind words and for taking the time to share your experience with worldtradex.
What is the minimum deposit for worldtradex?
Scalping, hedging, and the use of expert advisors (EAs) for algorithmic trading are permitted. For instance, arbitrage trading is prohibited under their Customer Agreement. worldtradex does not provide services to citizens of the United States (US) and residents of Canada, Spain, Belgium, India, Iran, Myanmar, North Korea, Pakistan, the Philippines, the United Kingdom, and the US.
Accepts Malaysian Traders
- There are a total of 51 charting indicators provided, and 31 drawing tools also.
- worldtradex customer support provides its clients with 24-hour live support available through live chat, email, and phone support in various languages.
- worldtradexFX is a multi-award-winning broker that provides traders across the globe access to trade Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs.
- However, to meet the diverse needs of traders and provide opportunities for portfolio diversification, worldtradexFX should consider expanding this range.
The broker also offers wonderful features that are unique to the company alone. In addition to keeping the client’s investments safe and separate from its capital, the broker ensures maximum transparency. However, the company’s offshore entity is not regulated by a tier 1 regulatory body, which offers a less sense of security. 74% of clients give the broker a 5 star rating, cementing its place as one of the best forex brokers. 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.
I presonally chose the second option that works with mt5, as the platform is more suitable for me. worldtradex ensures traders’ easy access to help by offering several lines of communication. Live chat is the main means of contact; it provides quick help and is open 24/7 in English, Hindi, and Urdu, among other languages. worldtradex is among the fastest brokers in terms of fund accessibility since withdrawal requests are handled quickly—usually within one to three hours. Still, the chosen payment method and geographic location could determine the real-time for money to get to the trader’s account.
The accounts can be opened in a limited choice of currencies, USD and EUR. I think they could improve by adding support for more currencies as the different options are beneficial because conversion fees do not apply when using an account in your own currency. Secure SSL encryption helps make your information confidential and inaccessible to third parties. 3-D Secure technology adds an authentication step for protecting your online VISA/Mastercard payments. Through the mobile app, clients can access multiple financial markets.
Now, leaving their orders open overnight, traders won’t be obliged to pay overnight fees. Due to this traders will no longer hesitate to use mid-term and long-term stategies. This means, worldtradex clients are free to hold as many orders as they wish for as long as they want.
A Stress Free Process
They make sure companies like worldtradexFX adhere to strict rules and treat customers fairly. There’s always a friendly agent ready to answer my questions, no matter what time of day it is! The chat box pops up instantly on their website – no waiting or hunting around to get help. You only pay the built-in spread, which starts from 0.9 points on certain stocks. Islamic accounts ensure that trading activities comply with Islamic finance principles without sacrificing trading capabilities. With so many fly-by-night brokers out there, it’s normal to wonder – is worldtradexFX legit?
I found the account opening process to be rather straightforward where you complete an application filling your personal details and choose the platform you wish to work with. In my case it was the MetaTrader 5 platform, however, I found that once your account is open you can select different platforms from within the dashboard. Withdrawing from my account was also fast, according to my account manager each withdrawal takes roughly 2 hours to get approved. Once approved you can expect the funds to be in your bank account/wallet within 30 minutes which is extremely good service in my opinion. It is regulated by the FSC in Mauritius, the Mwali International Services Authority (MISA), and CySEC for European traders. The broker has also been operating for 12 years, which is a strong signal of safety in my book.