Agent’s answers were prompt, for the most part, though at times, it was hard to understand her. Eventually, I was advised to refer to a different support department to receive additional clarification. I did as I was told and sent an email to the address that the agent provided. Phone support is available only to active clients with their account managers.

That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand. Traders can earn extra rewards through the worldtradex Refer-a-Friend program. By referring friends or family members to worldtradex, clients can receive bonuses or cash rewards once the referred person opens an account and meets the specified trading requirements. This promotion encourages traders to share the benefits of worldtradex with others while earning extra rewards. worldtradex provides a wide range of deposit and withdrawal methods, including bank wires, credit/debit cards, e-wallets, and local payment solutions. However, certain payment methods may have geographic restrictions, but the worldtradex back office will display only the available options for each trader’s location.

This resource is especially useful for beginners who are just starting their trading journey. worldtradex offers a loyalty program for active traders, where clients can earn points based on their trading volume. These points can be redeemed for various rewards, such as cashback, trading bonuses, or exclusive gifts. The loyalty program is designed to reward consistent and high-volume traders, providing an additional incentive to remain active in the markets. Our team were also pleased to see that the broker offers negative balance protection, meaning traders cannot lose more than their account balance. The copy trading tool is excellent for beginners looking to learn from seasoned traders while experienced investors can generate an additional revenue stream.

Market Manager

Materials in the website’s blog section are written in support of the rest of the technical and fundamental content. Provided by Trading Central, the Technical Views section affords a more detailed insight into current trading opportunities. Price action is examined more intricately, utilizing more indicators. The materials underpin key support and resistance levels and pivot points.

There is something for everybody, from the seasoned expert to the novice rookie. Content covers essential trading topics, such as technical and fundamental analyses, risk management, and trading psychology. worldtradex charges a fixed commission on two of its account types – Live Zero Fixed and Zero Spread. For the former, there is a $18 round-turn commission per traded lot (100,000 units), whereas the latter has a $10 round-turn commission per traded lot.

Traders can choose between floating/fixed spread Standard, Premium, and VIP accounts. Alternatively, the Live Zero Fixed Spread account comes with zero spreads, but traders will have to pay a commission. Armed with account login details, you will get straightforward order execution, with instant execution and pending orders available. MT4 promises advanced charts with nine timeframes, over 30 built-in technical indicators, real-time news, plus automated trading capabilities. The MT4 platform can also be upgraded through MetaTrader’s Market and Signals, where users can buy technical indicators, add-ons, and signals for copy trading.

Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. Compared to the broader industry, worldtradex offers an above-average number of FX pairs, commodities, and indices. These afford traders access to multiple markets with varying degrees of underlying volatility.

Why is it Important to Know Where Your Broker’s Subsidiaries are Regulated?

• These fees can accumulate over time, particularly for traders holding positions long-term.
• worldtradex offers an outstanding collection of educational materials, including developed in-house eBooks, trading courses, webinars, seminars, market analyses, and more.
• MT4 promises advanced charts with nine timeframes, over 30 built-in technical indicators, real-time news, plus automated trading capabilities.
• For traders looking to enter the rapidly growing world of digital currencies, worldtradex provides access to popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple.
• worldtradex offers multiple accounts with widely diverging pricing mechanisms.
• Traders can avoid paying conversion fees when trading with instruments denominated in their account currency.

However, it’s crucial to keep in mind that the most overlooked fees in Forex trading are swap rates on leveraged overnight positions. These fees can accumulate over time, particularly for traders holding positions long-term. worldtradex also offers futures trading, allowing https://worldtradex.space/ traders to speculate on the future price of assets such as commodities, indices, and currencies.

The additional bonus funds can be used to trade forex, commodities, indices, and other instruments, giving traders more flexibility and leverage in the markets. Terms and conditions apply, and traders should review the bonus rules to understand any withdrawal requirements. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63.91% of retail investor accounts lose money when trading CFDs with this provider.

MT4 Advanced

worldtradex provides quite a few deposit methods, while withdrawals are sent only via bank wire. Payments are processed fairly quickly, and traders can use multiple currencies. I learned that worldtradex does not charge a handling fee on deposits or withdrawals, though there are exceptions. The mobile app affords traders quick and easy access to the market on the go. It is indispensable when you must swiftly adjust your open positions.

Finally, check any minimum deposit bonus terms and conditions when you register for an account as they are subject to change. Each demo account imitates real trading conditions, the only difference is virtual money is used. Also, the broker charges a sizeable 3% of deposited funds when withdrawals are requested during periods of inactivity.

I evaluated worldtradex’s fixed/floating spread and STP/ECN account types across multiple factors and discovered certain important differences. As shown above, the latter tend to have more favorable spreads and commissions. However, the STP/ECN accounts also have higher stop-out levels (50%). I found these accounts most suitable for experienced high-frequency https://worldtradex.site/ traders looking for the most competitive prices.

These instruments are available for trading on the MT4 platform, which provides advanced charting tools and real-time market analysis. Trading metals can serve as a diversification strategy and a way to hedge against currency fluctuations and inflation. worldtradex provides a rich collection of educational articles that delve into various aspects of trading. These articles cover topics such as market analysis, trading strategies, risk management, and economic indicators.