worldtradex offers services through Orinco Capital (Pty) Ltd, primarily for clients located in Africa. This entity is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, which is a more stringent regulatory body, though not top-tier. However, it does not provide Percentage Allocation Management Module (PAMM) accounts or Multi-Account Manager (MAM) services. Using worldtradex allows clients to trade in micro and mini lots on its platforms, which is particularly beneficial for new traders or those seeking a more cautious approach in their risk-management strategy.
worldtradex Regulatory Overview
Although not proprietary, the platforms provide opportunities for copy trading, allowing users to replicate successful strategies from other traders. worldtradex also offers a 50% deposit bonus, adding extra funds to each deposit. Whether funding your account with cryptocurrency or a bank card, the process is smooth, with most methods being free and fast. Beginners can use it to track progress and learn from their trades, while experienced traders can fine-tune strategies and maintain consistent performance. Within Europe, the minimum deposit on the available account types of MT5 Pro is $50.
Use our country selector tool to view available brokers in your country.
worldtradex Web Platform
worldtradex also offers a demo account tool so that beginners may test trading with virtual money, therefore reducing risk. Easy navigation and fast trade execution made possible by the MetaTrader 4 and MetaTrader 5 platforms improve the trading experience even further. New traders wishing to enter the financial markets find worldtradex appealing overall since it combines affordability, knowledge, and user-friendly tools. worldtradex https://worldtradex.club/ is an international broker ideal for traders looking to operate under competitive conditions. It offers high leverage, a diverse range of instruments, and user-friendly trading platforms.
Demo Account:
- Filippo specializes in the best Forex brokers for beginners and professionals to help traders find the best trading solutions for their needs.
- Here is a closer look at a few of these features and how they can benefit you as an worldtradexFX trader.
- For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status.
- Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust.
I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. worldtradex’s market research is well organized and varied in its content. Rather than specializing in any one field, worldtradex provides a wide assortment of content types. However, when compared to research leaders IG, Saxo, and CMC Markets, worldtradex has room to enhance its research offering. For instance, I found that the content on the worldtradex Blog is not updated daily across all categories.
Contests, Giveaways, and, Bonus Offers
From the worldtradex app, users can open positions in the https://worldtradex.site/ worldtradex account as well as in MT4 and MT5, which can also be done using those specific applications. This means the app provides complete control over all open accounts and displays the full trading history. It features attractive charts for all three account types, allowing trading and modifications. From a trading perspective, the app is comprehensive, including an economic calendar and a section called “Space,” which features posts about different market assets filtered according to the trader’s interests. In this review, the FXStreet team presents an independent and comprehensive analysis of worldtradex, grounded in direct testing and real user experiences.
Research tools provided by worldtradexFX include a well-detailed economic calendar which keeps you updated with all significant economic events and how they may impact you. This bonus is also withdrawable though you must meet certain terms and conditions set by the broker. During this period you will be featured on a leaderboard for your virtual trades with the aim to reach the top where real prizes of up to $1,000 withdrawable money on MT4. MetaTrader is further renowned as one of the most comprehensive platforms in this area.
Once met, the bonus will be credited to your balance and can be withdrawn. First off, you will notice when you are trading at worldtradexFX that the broker website has a huge FAQ section which in itself covers a range of topics with dozens of answers to the most common questions. As a copier here, you also will not be charged any other commission besides that set by the person you are copying. This amount can vary depending on the master as they have freedom to individually set commission.
These are all useful and important tools to utilize for any forex trader on all platforms and brokers. Taking a look at the CFD markets available from worldtradexFX, it is noted that they offer a little more than 70 assets in total. Some of them may not be available within every region or account type. With that said, they still offer good value in terms of trading conditions.
We believe in a partnership, that’s why we welcome all feedback, to understand our users’ needs and provide them with the best Forex trading experience. worldtradexfx bonuses increase my profit when the market go in my favour. worldtradex does have a proprietary mobile app for trading, as well as for social copy trading (the worldtradex Copytrading app), yet it still trails behind industry leaders such as IG and Saxo. Check out my picks for the best mobile trading apps in the industry.
When it comes to regulations, worldtradexFX is regulated by CySEC under #372/18, and by the regulatory body of Saint Vincent and the Grenadines under #19776. If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to worldtradexFX. With all those global customers, you might think worldtradexFX is headquartered in a major financial capital like London, New York or Tokyo. And it seems to have worked, because worldtradexFX now has over 21 million happy customers! All information on 55brokers.com is only published for general information purposes.