I opened a No Commission account with the Notesco Int Limited entity and performed my tests on the desktop and mobile app versions of the MetaTrader 4 platform. worldtradex accepts traders resident in most countries except the USA, Iran, Cuba, Sudan, Syria, and North Korea. worldtradex has traders from 180 countries, making it one of the most accessible brokers. The minimum deposit at worldtradex is $50 for most accounts, except for the Zero Spread option, which requires $500. worldtradex is a multi-regulated broker, and account verification is mandatory. Most traders will pass verification after submitting a copy of their ID and one proof of residency document.
- It may take time to process withdrawals, some traders have mentioned that worldtradex is slower than other brokers.
- Unlike hard commodities like metals and oil, soft commodities are typically agricultural products that are being grown rather than mined.
- worldtradex Academy provides impressive educational features for smaller and less-skilled traders.
- The same platform is also available for mobile devices and it can be downloaded for free from the App Store or Google Play.
- The Client Agreement is easily accessible on the website, with all relevant information presented clearly and in an easy-to-understand format.
Anyway, I think with Worldtradex official site the variety that offer in many trading aspects, it makes them a good choice for any trader. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.
“Liked the majority of features”
- It supports the MetaTrader 4 platform but does not offer MetaTrader 5 or a proprietary trading platform other than its copy trading app, TradeCopier.
- A YouTube search uncovered additional videos that haven’t been integrated into the site but the most recent content was more than two months old.
- The broker does not charge any fees for deposits and withdrawals and the minimum deposit than can be made is $250, although that varies, depending on the type of trading account one opens.
- The former is fully customizable, while the latter is only available as a USD option with a default balance of $100,000, where traders can select their desired leverage.
Although, their popularity in Japan is not so good after a bad breakup with the Japanese market to satisfy FSA regulations (which they were unable to attain). Founded in 2014 and acquired in 2021, BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices.
worldtradex Restricted Countries
VPS hosting exists for algorithmic traders and copy trading services are also available with a balanced asset selection and active trading community. worldtradex offers several trading platforms, available for PC, Mac, and mobile devices. The options include the popular MetaTrader 4 and the Personal Multi Account Manager but the broker does not have a proprietary software platform.
Email address and phone numbers are provided for satellite offices in Cyprus, South Africa, and Australia, allowing local contact. Or international phone number, forcing potential charges for calls made to Cyprus or other satellite offices. Traders should also consider potential third-party processing costs and currency conversion fees. Only verified trading accounts can deposit and withdraw, and the name on the payment processor must match the worldtradex account name.
The broker also provides copy trading solutions through its TradeCopier service and VPS hosting for low-latency trading. The chart screen is undeniably one of the most crucial features of a trading platform. It equips traders with essential tools and configurations to analyze price action and spot trading opportunities. Just as important is the ability to easily scale price action, allowing for a clearer and more detailed view of market movements. Trading with a regulated broker will limit the potential for fraud and malpractice.
While credit card deposits are usually instant, transfers via bank wire may take up to 3 working days to appear in the trading account of the client. Clients across Europe and the UK are offered two types of protection – segregated client bank accounts and financial compensation if worldtradex fails to pay its customers. In the UK, the Financial Services Compensation Scheme (FSCS) guarantees compensation of up to £85,000, while in Cyprus, the Investor Compensation Fund covers up to €20,000. The broker is also regulated by the Australian Securities and Investments Commission (ASIC) and with this license, the broker is authorized to operate in Australia, New Zealand, and South Africa.
Past results are no guarantee of future success, so make your financial and investment decisions with utmost care. When choosing a broker, it’s crucial to consider their reputation and trustworthiness. worldtradex broker received a 4.4 rating from over 280 reviews on Reviews.io website. worldtradex also offers a Demo Account, and in the past a Cashback Account, which unfortunately is no longer available. Time has passed super quick;y, I still rememebr the day I signed up, I grew a lot since then, as a trader.
worldtradex MT4 Mobile
With more than $3 trillion traded daily, the foreign exchange market or Forex is the largest financial market and the most popular option for retail traders. Trading is conducted 24 hours a day, except during the weekends, offering great flexibility to traders. Due to the high volume, liquidity, and leveraged positions, Forex provides great speculative opportunities and is preferred by many traders. worldtradex is among the most popular trading platforms found around the world, and it is an excellent choice for many traders.
worldtradex commissions and fees summary
worldtradex impresses with its probing and layered market research, developed in-house and incorporated from Trading Central. The broker provides regular market breakdowns, featured trading ideas, a comprehensive market sentiment tool, and more. I asked a series of questions with varying degrees of difficulty and determined that the agent’s answers were swift and comprehensive.
The application also asks traders to select their account type, base currency, followed by the desired password for the back office. It supports the MetaTrader 4 platform but does not offer MetaTrader 5 or a proprietary trading platform other than its copy trading app, TradeCopier. Metatrader 4 and 5 for Android, iOS, and Windows Mobile provide easy integration with desktop and tablet versions. They also offer the free worldtradex Research app, which has no trading functions.
What is the minimum deposit for worldtradex?
Traders must ensure they execute risk management to avoid magnified losses. worldtradex offers negative balance protection, meaning traders can never lose more than their deposits. TradingPedia.com will not be held liable for the loss of money or any damage caused from relying on the information on this site. Trading forex, stocks and commodities on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. Traders can deposit funds into their accounts via a wide range of payment methods, including traditional options such as bank wire and credit/debit cards.
With over a decade of experience, this broker has built a reputation for providing top-notch trading services to retail and institutional clients worldwide. It may take time to process withdrawals, some traders have mentioned that worldtradex is slower than other brokers. Withdrawals from worldtradex are always done with the same method used for the deposit.