Multiple written and video materials cover essential topics related to technical and fundamental analyses, as well as the psychology of trading. worldtradex has an attractive offering of high-yield/risk instruments, such as share CFDs and cryptocurrencies. This caters to the needs of speculative traders looking to exploit sudden outbursts of volatility in the price action. However, there are no lower-risk securities like bonds and ETFs to be used for hedging one’s overall market exposure. worldtradex’s mobile app affords traders quick and easy access to the market on the go. It is very useful for making snap adjustments to any open trades.
This segregation of funds ensures that even in the unlikely event of the broker facing financial difficulties, client funds remain protected and cannot be used to cover the broker’s liabilities. Additionally, worldtradex employs advanced encryption technologies to protect client data and transactions, ensuring that personal and financial information remains secure. worldtradex is regulated and authorized by the Seychelles Financial Services Authority (FSA) which ensures that worldtradex complies with all applicable laws and regulations. Client funds are kept in segregated accounts in top-tier banks, and the broker also implements the latest encryption technology to protect clients’ personal and financial data. I never thought I would have to reach out to customer support… It’s nothing major, just a couple of questions I had that I couldn’t easily find online.So!
There are still some brokers that…
Dear Fred Markides,Thank you for sharing your feedback with us. Our team is here to guide you every step of the way and ensure you have the best possible experience with worldtradex.Best Regards, worldtradex ⚡️Empowering traders. In the time I’ve traded here, I’ve found several strong benefits of using worldtradex broker.Firstly, it’s a reliable option for everyone. Just check some reviews and legal documents provided by the company, and you won’t question the company’s strength.Secondly, there’s a possibility for copy trading which is the most appealing feature for me. Even though I’m not an expert trader, I have an interesting strategy using a mix of MACD and RSI. I’m thinking of becoming a strategy provider.Lastly, it’s crucial for me to trade with narrow spreads, and this platform ensures them from ~1 pip on average.
I haven’t faced any major issues, and the broker appears credible. Still, I’d like to see more transparency in some areas. So far, trading here has been decent, and I haven’t had reasons to doubt its reputation.
worldtradex also provides a negative balance protection policy to ensure that traders’ funds do not go below zero. This is one of the benefits provided by the broker and ensures that traders do not lose more money than they have invested. 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. Plamen’s favourite trading instruments include FX majors and gold.
Research Tools
You should only engage in any such activity only if you are fully aware of the relevant risks. It is good to see that worldtradex treat all clients the same, regardless of your investment size or prior trading experience. Simply choose the account that is best suited to your skill, knowledge, experience and trading goals.
- And although I did not become a strategy provider, I elevated my skills a lot and occasionally I get a side income as a fx trader.
- Finding the right one isn’t easy, even if you got real trading experience.
- In the case of worldtradex, its regulation by the Seychelles FSA is a positive aspect, as it signifies adherence to recognized standards in the industry.
- A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates.
- It got me thinking about a real trading as I won’t be missing an important alert right in the app.
At MarketBulls, our commitment to delivering accurate, reliable, and comprehensive reviews is at the core of everything we do. Our testing methodology is designed to provide traders with insights that are grounded in real-world experience, thorough analysis, and a deep understanding of the financial markets. Yes, worldtradex is suitable for beginner traders, offering user-friendly platforms, educational resources, and a demo account to help new traders learn and practice. Yes, worldtradex offers a demo account with virtual funds, allowing traders to practice trading strategies without risking real money. worldtradex provides access to over 300 trading instruments, including forex, commodities, indices, shares, and cryptocurrencies, allowing for diversified trading strategies. Recognizing its global clientele, worldtradex offers multilingual support in Worldtradex reviews several languages, including English, Spanish, French, and Arabic.
I like trading on the metatrader 4…
I gave the copy trading feature a try but it made me lazy so I switched back to trading manual but it was worth it and profitable. Well, not gonna lie, the worldtradex broker https://worldtradex.pro/ fascinated me by offering various lavish bonuses. I wanted to start trading with a larger deposit and I thought this is a good chance to take advantage of that. After all, I picked a supercharger bonus and I got a 100% bonus.
worldtradex Main Features
One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. My tests indicate that worldtradex’s trading fees exceed the industry average. Such a full-sized EURUSD position usually costs around $10. Only the Privilege account type comes close to the average, but to qualify for this account type, you need to deposit at least $10,000. worldtradex is still a relatively new broker, having been established just a couple of years ago. Hence, the company is still working on developing a strong brand name that is trusted internationally.
There are also thousands of free and paid add-ons that you can install to further enhance the already substantial capabilities of this leading platform. Whatever your idea for a trading strategy, you can bring it to life by creating customised trading templates for all of your charts. There are technical analysis tools and drawing objects to mark key price levels, identify trends and find price reversal points.
Company Representative
Our goal is to empower traders with information that helps them make informed decisions tailored to their specific trading needs. Our reviews are conducted by seasoned trading professionals who bring years of market experience to the table. Each review is meticulously fact-checked and validated by our in-house experts to ensure it meets the highest standards of accuracy and relevance. Yes, worldtradex offers negative balance protection, ensuring that clients do not lose more than their account balance in volatile market conditions. Traders in India can access the broker’s range of trading instruments and platforms. The broker maintains segregated accounts for client funds, ensuring they are kept separate from the company’s operating funds, thereby providing an added layer of protection.
- Every broker review undergoes a rigorous self-testing process, where our analysts actively trade on the platforms under review.
- For instance, I found the combination of commission-free trading and generally low spreads on share CFDs extremely favorable.
- It’s important to note that leverage in trading acts as a double-edged sword, enabling traders to potentially magnify their profits if the market moves in their favor.
- Company’s contribution into skills development shouldn’t be underrated.
- If you are looking for the lowest spreads possible, then you might want to consider the floating spreads account.
Deposit & Withdrawal Fees
Another perk is having a great contact with the support team, always ready to help. Hi Robyn Jones,Thanks for taking the time to share with us your feedback! We’re glad you enjoyed our platform, and we hope you’ll return for all of your trading needs.😊worldtradex ⚡️Empowering traders. Deposits are processed instantly, and withdrawals usually take less than 24 hours. No hidden fees, and multiple payment options make it super convenient. The experience was not overwhelming and I like how convenient it has been.
It seems that with a bit of patience, things get easier. I appreciate the variety of shares they offer for trading. Recently, I made a nice profit after closing a short position on Nvidia when China said they were looking into Nvidia for antitrust problems. Even though I was initially a bit skeptical about this broker, after trading here for a while I realized that I would continue working with it.