MT4 ultimately gives me the flexibility I need to analyze the foreign exchange market, with 9 time frames ranging from 1 minute to 1 month, 30 integrated indicators, plus 2000 free custom indicators and 700 paid options. worldtradex ECN XL account holders pay no commissions to trade any supported asset. Dealing spreads for forex pairs and CFDs can vary from 0.0 pips upwards depending on the liquidity and trading volume of the asset involved. The broker’s no dealing desk (NDD) execution model also prevents re-quotes and involves no dealer intervention in your trades. worldtradex’s Price Aggregator automatically scans the market for the best bid/offer price combinations, thereby ensuring you get the most competitive and transparent executions for your trades.
Whether you prefer MT4’s trusted simplicity or MT5’s extended functionality, both apps deliver the power of desktop trading in a mobile-optimized experience. As with any financial transactions, the security of the information being transmitted is of fundamental importance. The worldtradex MetaTrader 4 Broker software transmits information to and from the markets on 128-bit encrypted connections.
Fast and Friendly Support
- These mobile applications allow traders to connect to their worldtradex’s trading accounts, analyze charts, manage trades, and apply technical indicators — all from smartphones or tablets.
- worldtradex uses state-of-the-art Secure Sockets Layer (SSL) network security protocol to keep client private information safe.
- Maybe one of the reliable brokers I’ve worked with, and I’ve worked with a bunch of them already.
- We are also disappointed with worldtradex’s monthly inactivity fee of $5, imposed when your account is not funded or you execute no trades over a period of 120 days.
If an important news event occurs, such as a key economic data release, the EUR/USD dealing spread can widen considerably depending on how much market volatility the event causes. Once these steps are completed, traders can access their account and begin trading immediately. worldtradex operates on a spread-only model, with spreads starting as low as 0 on major currency pairs. MetaTrader 4 trading platform comes with its own built-in language for programming trading strategies. MQL4 allows you to create your own EA (Expert Advisor) and automate your trading based on your own programmed strategy. Using MQL4 you can build-up your own library of custom indicators, scripts and function database.
I will keep using their services as long as they stay this reliable. Depending on the scope of your trading and the assets you plan on trading, worldtradex might not meet your needs. This is especially true if you plan on trading physical cryptocurrencies or any of the commodities traded through CFDs.
worldtradex does not impose any minimum deposit requirements, allowing traders to begin with as little or as much as they are comfortable with. MetaTrader 4 includes a whole range of easy-to-understand functions, so it only takes a few minutes to get comfortable with all the different options available to you as a trader. The platform has a built-in “Help” function so you can get answers to the most common questions directly from within the software itself, so you can concentrate on the important stuff – trading. worldtradex does not have a dedicated mobile app, but clients can trade using MT4’s app, which is available from the Apple App Store and Google Play.
- A newsletter built for market enthusiasts by market enthusiasts.
- The broker uses an electronic communications network (ECN) and straight through processing (STP) model, which provides competitive exchange rates and real time streaming directly from top multibank liquidity providers.
- On the negative side, there is a slim selection of trading platforms with access to MetaTrader 4 (MT4) only.
- Practice your forex trading skills or test new strategies with zero investment.
- Embedded tick charts are an extremely useful way to determine accurate entry and exit points.
- worldtradex has unusually competitive dealing spreads that you can gauge by opening a free demo account.
This account features spreads starting from 0 with no trading commissions, providing a cost-effective trading environment. One of the standout benefits of worldtradex is the absence of a minimum deposit requirement, allowing traders to start with any amount that suits their needs. worldtradex supports the MT4 mobile trading platform that provides excellent trading features you can also enjoy when using the MT4 desktop platform. Not only can you select from a wide range of charting tools and technical indicators with this app, but you also get real time market pricing.
worldtradex offers reliable customer support to assist traders with any questions or issues they may encounter. The broker provides live chat and email support, ensuring that help is readily available. Customer service operates 24 hours a day, Monday through Friday, allowing traders to access assistance during market hours. Additionally, traders have access to real-time market data and analysis to help them make informed decisions.
How To Open An Account
worldtradex’s offerings include commodities, currencies, cryptocurrencies, and indices, giving traders flexibility in choosing their preferred markets. With over 200 available assets, traders can diversify their portfolios and take advantage of different market conditions. The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures.
worldtradex offers several unique features that set it apart from other brokers. The most notable is its ECN XL account, which provides spreads starting from 0 with no trading commission, a rarity in the industry. This low-cost trading environment is particularly appealing to traders looking to minimize expenses on high-frequency trades. worldtradex offers a single yet versatile account type – the ECN XL account, designed to cater to both beginners and professionals.
MetaTrader 4 includes trade Worldtradex courses scam alerts, a handy tool to help you track the most favourable trading environment and market conditions. With the worldtradex MT4 trading arsenal at your disposal, all your energy can be channelled into implementing your trading strategies, secure in the knowledge that the suite of tools in MT4 are there to back you up. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. Yes, it is possible to have a profitable strategy when trading with worldtradex, which offers the reliable MetaTrader 4 platform and plenty of analysis to support forex trading.
Forex Trading Platforms
You just open an account and make a deposit to receive an impressive 100% deposit bonus in your trading account up to a maximum amount of $2,000. Terms and conditions do apply to this promotion, especially when it comes to making withdrawals, so make sure you read and understand them before making a deposit. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters. worldtradex was launched in 2010 by a group of forex experts aiming to create a competitive and supportive trading experience for clients through transparency and high trade quality.
What is worldtradex?
Whether you are a beginner looking for a low-cost entry into the forex market or a professional trader seeking competitive conditions, worldtradex’s ECN XL account provides a solid, flexible option. While worldtradex does not offer stock trading, its comprehensive selection of other instruments, combined with competitive spreads, positions it as a strong choice for traders focused on forex and CFDs. Whether you’re trading major currency pairs or exploring commodity markets, worldtradex provides the necessary tools and instruments to engage effectively in global financial markets. The broker’s strong regulatory oversight by CySEC, MiFID, and MISA, along with client fund security in Tier 1 banks, adds a layer of trust for its users. worldtradex is a regulated broker offering diverse trading instruments, including CFDs, commodities, currencies, cryptocurrencies, and indices. Licensed under CySEC, MiFID, and MISA, worldtradex provides competitive spreads starting from 0 with no trading commissions under its ECN XL account, making it an appealing choice for traders seeking low-cost options.
Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes. Ryan Peterson is a seasoned personal finance writer with a Bachelor’s Degree in Business from Indiana University. As for my experience of cooperation with this company, then everything is ok. calm trading and nothing else. Working with worldtradex has been an undeniably trustworthy experience for me. Wherever you slice it, they have yet to disappoint me in ways that matter.
This will be enough to satisfy most traders and provide opportunities to deploy a range of forex trading strategies. worldtradex brand is an international brand that is registered and regulated in various jurisdictions and is committed to offering you the best possible trading experience. With MetaTrader 4 WebTrader and MetaTrader 5 WebTrader, you can experience the full power of the MetaTrader platforms straight from your web browser without the need to install any software. Both versions offer a seamless, responsive interface, providing ultimate flexibility for traders who need instant access from any device with internet connectivity.
While the absence of additional security features could be a consideration for some, worldtradex’s adherence to reputable regulatory bodies and the careful handling of client funds make it a trustworthy platform for traders. New currency traders will enjoy the $0 minimum deposit, education and trading resources, plus the zero commission policy. Experienced traders will appreciate the tight spreads, access to MT4 and a VPS, plus zero strategy restrictions. During testing, we have been impressed with the ECN pricing that offers spreads from 0.0 pips, while the 70+ currency pairs provide better market coverage than most alternatives. Founded in 2010 by a group of forex market professionals, Forex Central Clearing Corp. (worldtradex) decided to build on their vast market experience to become the most customer centric forex broker in the business. worldtradex’s main objective consists of empowering its clients with all the necessary tools to develop their trading skills while providing an unparalleled trading experience on the popular MetaTrader 4 (MT4) platform.
Having tested hundreds of forex brokers, I feel that the worldtradex’s education section is fairly average, with a decent range of materials available but nothing that stands out. Although worldtradex does not offer an extensive suite of forex tools, I am satisfied with the inclusion of a free Virtual Private Server (VPS). This works extremely well with MT4’s expert advisors for automated trading, and I frequently make use of it when trading on worldtradex. Maybe one of the reliable brokers I’ve worked with, and I’ve worked with a bunch of them already.
