worldtradex offers Islamic swap-free accounts, featuring no swap or rollover interest, unchanged spreads, no upfront commissions and traders can hold positions indefinitely. In contrast to some other brokers that charge an admin fee after a certain time period. To open an Islamic account, traders https://worldtradex.world/ must first create and verify a regular account, then request the Islamic option. You cannot use an MT5 account on the MT4 trading platform, so make sure you create your MT4 account beforehand. The webtrading terminal offers instantaneous trade execution and allows traders to buy and sell various assets, such as stock indices, forex, cryptocurrencies, precious metals, and energies.

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If you’re thinking of using worldtradex, just keep these potential challenges in mind and evaluate how they align with your trading goals and risk tolerance. However, some users have complained about slow and unclear withdrawal processes, occasional platform issues during volatile markets, and confusing bonus terms that might not be easy to use. These issues seem to affect certain regions more, especially in Africa and parts of Asia, where local banking systems, internet issues, and regulations might make things harder. worldtradex provides customer support through various media including Live Chat, WhatsApp, Line, Viber, Telegram and Message.

The platform is regulated by the Financial Services Commission, ASIC, and CySEC. From our worldtradex forex review, we discovered that the account opening process is quite straightforward, with abundant educational content available for free. Ultimately, worldtradex is a reputable broker with many tools for new and experienced traders to maximize their trading strategies. The platform offers low fees and spreads as well as comprehensive educational content for traders.

Regulation tiers

Our overall experience trading on worldtradex has been positive, with consistently fast execution on trades. While trading highly liquid instruments during both the European and US sessions, we encountered a mix of slippage along with price improvement, typically within a range of no more than two pips either way. There is a minimum deposit of $5 USD (or equivalent) across the various account types and $10,000 USD (only) deposit for the Shares accounts. Micro accounts are best suited for beginners or traders with smaller balances, as they limit position sizes, while Standard accounts allow for larger trades.

Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over https://worldtradex.blog/ 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.

They provide support 24 hours a day from Monday to Friday and 18 hours over the weekend via email, phone, and chat. It simply promotes the VPS service (shareable) and the 0% Fees on deposits and withdrawals. worldtradex provides a variety of account types tailored to different trading needs and experience levels, with availability depending on the regulated region. worldtradex does not have specific bonuses due to regulatory stipulations although it promotes the VPS service and the 0% Fees on deposits and withdrawals. worldtradex is regulated by multiple authorities, including the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) amongst others.

worldtradex are regulated by several top-tier authorities across its various regions, including CySEC (120/10), FCSA (49976) and DFSA (F003484). worldtradex also offers worldtradex TV, podcasts and news feeds from Reuters, an Economic Calendar, along with YouTube Shorts and daily technical stories. They provide free access to daily Forex webinars in 23 languages, available 7 days a week with 77 webinar instructors. worldtradex offers mobile versions of both MetaTrader 4 and MetaTrader 5, available for Android and iOS devices.

Trading platform

Our broker ratings are also informed by the experience of our researchers during the evaluation process. worldtradex broker offers a suitable trading environment for both novice and experienced day traders. Its support for MT4/5 platforms, competitive fees, comprehensive educational resources, and reliable customer support cater to a wide range of trading needs. New traders can benefit from the various educational content available on the company’s website. Beginners also have an opportunity to interact and learn from experienced traders on the broker’s trading platform.

• Following this, a monthly fee of $5 applies if the account remains inactive.
• They’re available 24/5, so I’ve always been able to reach out during market hours, no matter my time zone.
• Yes, based on your detected country of FI, you can open an account with this broker.
• worldtradex offers instant, or same-day, withdrawals with no fees for verified and connected accounts.
• The mobile trading platform allows traders to gain access to multiple tradable assets, including forex, crypto, and CFDs.

This could impact transparency for traders seeking detailed financial information. Use your Demo Account and test your trading strategies risk-free with virtual funds in a simulated environment. Open an account today to access fair conditions and get everything you need to achieve your trading goals.

The layout is straightforward, making it easy for beginners and experienced traders to find their way around. There is a good range of trading instruments, including forex and CFDs, and plenty of educational materials like webinars and tutorials to help you learn. worldtradex is regulated, which adds to its credibility, and their 24/7 multilingual support means you can get help whenever you need it, which is a big plus. At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying. To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available.