During our testing, we confirmed that no swap fees are charged for maintaining open positions not only overnight but also during the weekend for several days. It is where national currencies, such as the US dollar (USD) or the Japanese yen (JPY), are exchanged. Averaging is a go-to tactic for many novice traders, but it’s not without pitfalls.
Offers
For Visa transactions, worldtradex enhances security by using 3D Secure authentication, adding an extra layer of protection for credit and debit card payments. The platform’s technical infrastructure is monitored 24/7 by a dedicated security team, ensuring the prevention of any data breaches or technical problems. In essence, being an worldtradexFX Affiliate is about being part of a rewarding ecosystem that values its partners, ensuring that they have all the tools, support, and incentives to succeed and grow. Experience the Autochartist difference with worldtradexFX and navigate the Forex market with greater confidence and precision. worldtradex maintains a generally positive workplace, scoring around 4.0 out of 5 on review platforms.
IB partner program
- It’s a refreshing approach to foster a sense of community and competition.
- worldtradex offers a reliable and accessible trading platform for traders globally.
- 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.
- This broker is an average choice for investors due to its solid but not outstanding rating for platforms and tools.
- Spreads float from 0.6 pips across all platforms, offering a cost-effective trading environment regardless of your account choice.
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. worldtradex is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, worldtradex offers free educational webinars, articles, and analytical tools.
How to trade on currency pairs
You’ll be asked to choose between a real or demo account and select your preferred trading platform. You can practise at your own pace, top up virtual funds any time, and experiment with trading strategies until you’re confident enough to open a real account. Yes, worldtradex’s Islamic accounts are available on worldtradexTrader, MetaTrader 4, and MetaTrader 5. Each platform supports swap-free trading, zero commissions, tight spreads from 0.6 pips, and no hidden fees or interest-based transactions. worldtradex provides a secure trading environment through segregated accounts, SSL encryption, and strict verification protocols. With constant system monitoring and safeguards like 3D Secure and Negative Balance Protection, traders can operate confidently, knowing their funds and data are protected.
Some charges, especially overnight fees, feel a bit on the higher side. worldtradexFX, in its essence, is a globally recognized broker that extends its services primarily to clients in Asia. It offers an intuitive platform that encompasses a broad spectrum of tradable instruments, catering to both novice and seasoned traders. Functioning in strict adherence to international legislations and regulatory standards, worldtradexFX is built on the bedrock of reliability and transparency. This ensures not just the safety of the funds but also offers negative balance protection to its clientele.
Trading Status Program
Recognized as the ‘Best Copy Trading Platform 2020’ by Forex-Awards, worldtradexFX’s program isn’t just another run-of-the-mill offering; it’s a testament to dedication and precision. If you’re looking to leverage the efficiency of trading bots, worldtradexFX has got you covered. Automated systems like Expert Advisor and cBot can be a game-changer. They operate devoid of emotion, ensuring decisions are calculated and swift.
000 rupiahs = 1 USD
worldtradex offers trading accounts denominated exclusively in US Dollars (USD). In 2012, it started organizing courses, and in 2013, it introduced its first bonuses. As part of its expansion, worldtradex launched a program for Introducing Brokers in 2014 and introduced the cTrader platform (currently unavailable). Since 2016, the MetaTrader 5 platform has been available, coinciding with the launch of educational content. In 2019, worldtradex announced that its MT4 and MT5 accounts would not incur swaps or any type of commission. Additionally, worldtradex provides a 50% deposit bonus, increasing each deposit by half.
We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. worldtradex offers 35 forex pairs and 230 tradeable symbols, which is below the industry average of 3,623 symbols. worldtradex offers competitive commissions and fees, including a low average EUR/USD spread of 0.9 and no inactivity fees. Additionally, worldtradex recommends account verification, requiring clients to submit a personal ID and proof of address. This step helps ensure that all transactions are authorized and secure.
Not only is the content curated with beginners like me in mind, but it’s also articulated in a lucid manner, making complex concepts digestible. The inclusion of practical examples further cemented my understanding, and I felt better equipped to navigate the Forex realm. My next step with worldtradexFX involves withdrawing funds, which I intend to initiate in the coming days. If the withdrawal process unfolds seamlessly, and my earnings land in my bank without any hitches, I foresee a sustained partnership with worldtradexFX.
Diving into the specifics, the spread on the EUR/USD pairing while using MT4 has been fairly reasonable, oscillating between 0.8 to 1.8 pips. This was a key metric for me, and I was pleased to see the competitive rates worldtradexFX offered. What further sweetened the deal was the absence of any additional charges from the broker’s end when I injected funds into my account. Although there was a marginal fee levied by Skrill on my deposit of $150, it was only about a dollar, which seemed nominal and didn’t deter my overall experience. However, the highlight of my worldtradexFX journey thus far has undoubtedly been the comprehensive training section on their website.
However, it lacks weekly and monthly time frames and does not offer an intuitive zoom tool. Available trading platforms include MetaTrader 4 (Web, App, and Desktop), MetaTrader 5 (Web, App, and Desktop), and the proprietary web-based worldtradexTrader, along with the worldtradex Copytrading app. The floating spreads for currency pairs involving the yen ranged from 1.9 to 2.6 pips, while major pairs (excluding EUR/USD) average around 1.5 pips.
To open an account with worldtradex, click the Open Account button at the top right of the homepage, or access the registration form through the signup page link. Furthermore, worldtradexFX adheres to strict Anti-Money Laundering (AML) and Know Your Customer (KYC) policies, requiring account verification through valid identification and address proof. These measures help prevent fraudulent activities and ensure that all transactions are authorized and legitimate.
- Brokers like worldtradex support partial closure features and timed execution strategies that allow traders to automate and manage such entries with precision.
- Furthermore, through MetaTrader, clients have the opportunity to become “Master Traders,” enabling their trades to be copied by others, for which they receive an income.
- Choosing worldtradexFX for index trading is synonymous with choosing efficiency, transparency, and profitability.
- Our market experts work diligently to bring you daily and weekly forecasts that keep you abreast of the latest market trends.
The request was completed in under a minute and did not require sending an email or notifying customer service. During certain events, worldtradex offers a bonus where you can claim up to a 100% deposit bonus. During the account opening process, clients must choose a type of account. However, once the process is completed, they can easily add additional accounts with just one click. All traders must go through a period of trial and error to become pros. We aim to make that period more accessible for you with our free Forex trading lessons.
worldtradexFX, a globally recognized online forex broker, was established in 2011 with its headquarters in St. Vincent and the Grenadines. This diverse portfolio makes it a popular choice among retail and professional traders alike. Dipping my toes Worldtradex scammers into the world of Forex trading was both exhilarating and nerve-wracking, but worldtradexFX turned out to be a solid choice as my introductory broker. Given my relatively fresh journey, spanning just three months, I needed a platform that could offer reliability coupled with a user-friendly experience.
Safety First: Negative Balance Protection
The worldtradex dashboard clearly displays the progress of these lots and the application of the bonus in a detailed manner. Accessing https://worldtradex.world/ the bonus is a straightforward process and can also be configured automatically. While you can deposit funds in various currencies, these will be converted to USD at the exchange rate set by the payment system you use. In 2022, trading over the weekend was allowed due to the rise of cryptocurrencies. After more than 10 years in the market, the company claims to have opened over 40 million accounts, received more than 70 awards, and paid out over 33 million USD in bonuses.