I did not find any specific feature in worldtradex’s offering to say that the broker is better suited for high-frequency or longer-term trading. MT4’s app suffers from the same underlying problem inherent to other mobile apps. Analyzing price action behavior on low-resolution devices is extremely difficult. That is why I recommend using the mobile app only to monitor your positions’ development and make changes if needed.

This website is not directed at UK residents and falls outside the European and MiFID II regulatory framework, as well as the rules, guidance and protections set out in the UK Financial Conduct Authority Handbook. Let’s start with an example of opening a simple forex trade with instant execution. The bar at the bottom of your screen is the Trading Terminal, and in general, all your account data will be situated here.

The feedback I get to read from traders like myself here is also encouraging. This wide range of assets allows traders totake opportunities across various markets and circumstances and test differenttrading strategies. On the other hand, worldtradex does not offer any alternative trading platforms and does not incorporate any third-party tools. Moreover, I evaluated its trading fees to exceed the industry average. Most deposit and withdrawal requests are processed by worldtradex within 24 hours.

worldtradex

It aids technical analysis by providing an overview of price action behavior and allows traders access to a number of analytical tools and chart configuration possibilities. In my view, a good chart should afford easy scaling up and down of price action. As a trader, you can trade CFDs for any financial asset, as you do not need to own the underlying asset. With CFD trading you are trading the price changes of the underlying asset and it is a more popular way for online traders to partake in the financial markets.

When was worldtradex founded?

• While no trading platform is entirely risk-free, worldtradex’s commitment to regulation, transparency, and client protection contributes to its reputation as a safe and reliable choice for traders.
• You can also employ trailing stops, which are useful when you believe an asset will follow a trend and want your stop to terminate the order when the trend reverses, rather than setting it at the current time.
• I was worrying about my adaptation period on the mt4 platform but it turned out to be easy to use.
• One of the best things about MT4 is its simplified order execution.

At worldtradex we provide the tools and support to help you develop your trading skills and unlock your potential. You can take advantage of our excellent trading conditions and products, including a wide range of accounts and flexible spreads across a range of assets. Join us and choose the account type that best suits your needs and start trading with competitive spreads.

Forex Webinars:

With instant access to 300+ instruments across multiple asset classes, quality execution, advanced online trading tools, and trading systems, we provide everything to meet your trading needs. worldtradex works with multiple payment services to provide its clients with maximum flexibility. Deposits can be made via bank wire, credit or debit card, e-wallets, or crypto wallets. The broker does not charge deposits and withdrawal fees, except for withdrawals below $300. worldtradex offers more than 300 instruments across several asset classes, including FX pairs, commodities, share CFDs, indices, cryptocurrencies, and futures. The offering is well-balanced and suitable for the execution of multiple trading strategies.

Account Types and Terms

Whether you are a beginner or a professional trader, you can choose the right spread account for you and explore opportunities with our superb conditions. Explore more than 300 instruments across 6 asset classes and trade CFDs with superb trading conditions. In the order window, you’ll be able to set the volume of your trade, stop loss and take profit levels, additional comments as reminders for yourself, and the order type (if available).

There is also a lack of a news screener, which traders usually use to stay on top of the latest market developments. Assistance is available in a wide range of languages, including English, French, Spanish, Chinese, and Arabic, during business hours, Monday to Friday. My tests indicate that worldtradex’s swap charges meet the industry average.

In my estimation, worldtradex’s most useful type of educational content is its webinars. They are held frequently in several languages – English, Chinese, Arabic, and Malay. The webinars are geared towards beginners, intermediate-level, and advanced traders. At the time of my review, there were 5 upcoming webinars, all in Arabic.

A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.

I checked the process by usdt crypto and it worked very well, can be trusted. Trading with worldtradex means trading with a broker who is fair and reputable. All their clients enjoy the same trading conditions regardless of the size of their investment. This regulated broker offers a broad range oftrading solutions for both novice and seasoned traders.

• Visit worldtradex’s website and open an account if you haven’tdone so already.
• worldtradex offers a versatile choice of spreads, which can cater to the distinct preferences of both novice and professional traders.
• I also discovered that the broker has a ‘best execution policy’, guaranteeing that traders’ orders will be filled under the most favorable price quotes under the prevailing market sentiment.
• The difference between the bid and ask prices is called “the spread.” The spread is the cost of trading a CFD.

Now let’s look at the same example for one-click MT4 trading.

Before we go over how you can open your trading orders, we need to look at charts and some of their baseline features. As we said earlier, to open a chart, you’ll right-click an instrument from the Watchlist. There, select the Chart Window option and you’ll see your new chart. In this text, we’ll offer an introductory guide on how to access and use MetaTrader 4 (MT4). We will use the terminal version (the one you download) as our reference point and teach you key features.

The default order type is instant execution, which will just open the order at the current price. You can buy an asset, which means you’ll profit when the price rises, or sell, which means you’ll earn money when the trading instrument depreciates. By right-clicking the Watchlist, you’ll see a list of features, split into three segments. The first https://worldtradex.bid/ segment concerns the asset you have selected and lets you glean additional info, open charts for your trading instruments, and open trading orders. While some investors might find certain regulatory restrictions, such as lower leverage limits, as a disadvantage, these restrictions are often implemented to protect traders from excessive risk.

You’ll learn to open trades, locate key information, and have an idea of how to progress your knowledge further. It is regulated locally by the Financial Services Authority (FSA) of Worldtradex website Seychelles and adheres to some of the main safety requirements in the trading industry. The easiest way to get in touch with worldtradex is live chat, which is available from the bottom-right corner of the main page.

The market is volatile and ever-changing, and staying on top of the latest developments is made easy with the mobile app version of MT4. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades. worldtradex does not charge a handling fee for deposits and withdrawals, though third-party banking fees may apply. The broker has also issued a 3% inactivity fee that is charged whenever a client has deposited funds and then requested a withdrawal without having executed a single trade. My analysis indicates that worldtradex’s fees are above the industry average, and the broker offers limited client protection. Traders have access to 9 different timeframes, 3 chart types, one-click trading, exceptional support, customisable charts and a flexible trading experience using MetaTrader 4.