For traders—especially scalpers—this low spread structure is helpful since it lowers the total trading expenses and increases profit possibilities. worldtradex broker offers three account types available at International porposal that also define trading conditions by the platform that is used for trading itself. Conditions are also based on enityt, as EU account offering is different. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

Desktop Trading Platform

Clients can maximize the opportunity stemming from an availability of popular indices, inclusive of  NASDAQ, Nikkei, Euro Stoxx 50 and others. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. However, one should also consider worldtradexFX’s fee structure and the requirements to access certain features, such as the VPS service, which requires a $500 initial deposit and a monthly trading minimum. Our findings also highlight that customer service is one of worldtradexFX’s strongest suits, and it consistently receives positive feedback for responsiveness and efficiency. However, some traders have expressed a desire for more in-depth assistance, indicating room for improvement. However, while customer service is generally praised, there have been rare reports of traders desiring more thorough instructions.

Account Types and Benefits

• I can set up custom price alerts too so I always stay in the loop on market moves.
• You can also see the actual, forecast and previous results of these releases.
• Here you can benefit from the ICF insurance protections provided in the case of bankruptcy or insolvency.
• These market insights can help identify trading opportunities and assist with your market analysis.

He is an expert in Compliance and Security Policies for consumer protection in this sector. Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings. Filippo specializes in the best Forex brokers for beginners and professionals to help traders find the best trading solutions for their needs.

The worldtradexFX broker, for a long time in European countries, has been providing services to traders in more than 100 countries. You might be surprised, the company is currently serving more than 1,500,000 traders. Here, according to the ECN (electronic communication network) model, the platforms can be selected. On forex, precious metals and indices, there are also no commissions.

What Can You Trade on worldtradex’s Platform?

Also, there is no commission based account soffered all Broker fee strucutre is based on spread, which is important to note for trades who prefere commission fee structure. Fee table see below, also always consider other than trading fees like funding fees and inactivity. We admit high-tech access to a range of instruments and multiple platforms either for manual, algorithmic, or social trading. It is definitely a great advantage that worldtradex offers both industry popular MetaTrader platform and its own proprietary App. Founded in 2011, worldtradex (formerly worldtradexFX) is part of a group of global entities, which include worldtradex Markets LTD (based in the island of Mwali) and worldtradex Markets Cyprus Ltd https://worldtradex.club/ (based in Cyprus).

Until recently, the broker had also been regulated by the FCA, however worldtradexFX decided to voluntarily suspend their regulation here due to Brexit until the future situation of the UK becomes clearer. When it comes to https://worldtradex.pro/ regulations, worldtradexFX is regulated by CySEC under #372/18, and by the regulatory body of Saint Vincent and the Grenadines under #19776. For those reasons, our team here at Investingoal is happy to recommend worldtradexFX as a top choice for scalping. If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to worldtradexFX. The profit calculator lets you choose a trading instrument and enter the position details for a quick and easy calculation of the potential profit.

Markets

You want a platform that’s easy to use but also has the tools you need. worldtradexFX’s cTrader platform is great – customizable layouts, technical analysis tools, and automated trading options. FXTM’s MT4 platform is also good, but Exness’s platform felt a bit overwhelming for my taste as a beginner. Client funds are held in segregated accounts in accordance with international regulation standards. Keeping funds separate from the company funds means that they cannot access them for any other purpose. worldtradexFX offers negative balance protection, so if your balance becomes negative, they will automatically adjust it to zero.

This way, you will never risk more than your deposited amount in your trading account. If your account balance goes negative, for example, due to significant economical events, your account balance will reset to zero automatically. On most payment methods, there are no fees for depositing and withdrawing money. worldtradexFX will not charge additional fees, but the payment provider can do it.

How Competitive Are worldtradex Fees?

I think this is an excellent tool for finding customised signals. It can literally save you from hours of scanning the charts and it’s great that the broker provides it free of charge. You can also get it through some other brokers including Forex.com. The worldtradex platform provides a web-based and mobile alternative, but there is no desktop version, which can be inconvenient for traders who prefer a dedicated program over a web browser.

Overall, the broker has plenty of tools for everyone to see some benefit. The trading calculator will quickly calculate the costs for opening a position of a specific size and leverage. This can help to prepare trades if you are in a rush or just not that good at maths. worldtradex is a broker that has operated for over 10 years and has been expanding during this time. It is a global company with several entities responding to different regulatory needs.

An worldtradexFX MT5 account is perfect if you are a more innovative trader. Below you will find an overview of the key similarities and differences between the two account types. Overall, the differences are rather minimal, and which account type you choose is ultimately a question of your personal preference. MetaTrader 5 is one of the most popular trades on one of the most popular platforms in the world.