In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. Worldtradex operates a single entity – Tradeco Limited – which is licensed and regulated in Seychelles by the Financial Services Authority (FSA). It guarantees the segregation of client funds and negative balance protection. Worldtradex provides a blend of market research developed in-house and incorporated from third-party providers.
Is Worldtradex suitable for automated trading?
Worldtradex excels in the education category with its broad collection of articles, videos, webinars, and ebooks. Beginners can learn about the core aspects of trading like technical analysis, fundamental analysis, trading psychology, and risk management. Worldtradex imposes a 3% handling fee for withdrawals made without any prior trading activity. Worldtradex operates as a Straight-Through Processing (STP) broker without a dealing desk. Client orders are routed to the broker’s pool of liquidity providers, where they are filled at the best possible price. However, its dated and rugged design is inferior to newer and sleeker platforms.
Reviews
Here’s a balanced look at the Advantages and disadvantages of trading with the broker. The market is continually evolving, marked by periodic surges and declines in volatility. For this reason, staying on top of the latest market developments is crucial, a task made simpler through the mobile app version of MT4. The values listed below are for one full base currency contract (100,000 units).
Key Worldtradex’s trading platform features
However, our tests showed that it charges above-average trading spreads. Worldtradex offers clients the powerful MetaTrader 4 (MT4) trading platform, one of the most popular platforms among traders. The user-friendly interface of MT4 makes it easy for traders to execute trades quickly and monitor the markets with ease. Worldtradex offers a wide range of payment methods for deposits and withdrawals, including credit/debit cards, bank wire transfers, and e-wallets.
- Worldtradex’s top priority is to ensure security and reliability for their clients as well as offering round-the-clock customer service for quick resolution of traders’ queries.
- Overall, Worldtradex may be suitable for traders who seek flexible leverage and diverse account types but may not be ideal for those emphasizing regulatory assurance or a broad asset range.
- To balance this, the broker charges a low inactivity fee and does not impose fees on deposits or withdrawals.
Despite its strengths, Worldtradex has some drawbacks, such as the lack of Tier-1 regulation. Additionally, it offers a limited selection of trading assets compared to competitors. Overall, Worldtradex may be suitable for traders who seek flexible leverage and diverse account types but may not be ideal for those emphasizing regulatory assurance https://worldtradex.pro/ or a broad asset range. I appreciated Worldtradex’s extensive range of currency pairs, especially in some exotic markets.
- Withdrawal times vary depending on the payment provider but range from the same day up to 10 business days.
- Worldtradex offers a demo account that introduces traders to the broker’s services and allows them to tweak their strategies in a risk-free environment.
- Yes, introduce new clients and you may receive CPAs up to $750 and bonuses up to $10,000.
- 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.
- For instance, a forex trader with $250 in their account can take a position worth up to $250,000 through leveraging.
Markets and tradable assets
The MetaTrader app stands out for its convenience, making it an essential tool for adjusting trades, especially during periods of heightened volatility. However, I consider it cumbersome and not the best choice for analyzing price action. 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.
Worldtradex received a score of 6/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors. Established in 2021 and based in Seychelles, Worldtradex is a financial derivatives broker that offers over 320 tradable instruments, including an exhaustive range of 85 currency pairs. Worldtradex offers Islamic accounts for swap-free trading under Shariah law. Clients can request further assistance by contacting the broker’s customer support. Worldtradex has a $50 minimum deposit requirement and provides plenty of educational and research content.
Worldtradex, regulated under the Seychelles Financial Services Authority, offers a wide range of trading instruments, including forex, futures, commodities, shares, and indices. Worldtradex offers 300+ financial instruments across 6 asset classes, including forex, metals, futures, commodities, shares, and indices through CFDs. These markets are accessible via the MT4 trading platform, one of the most popular platforms among traders. In addition, the MT4 platform provides traders with comprehensive trading tools and features to create their trading strategies. Worldtradex provides trading services on over 300 financial instruments across six asset classes, including Forex, and Shares.
With Worldtradex, clients can find their way to their financial freedom in the global financial markets. The broker adjusts leverage based on trading volume or account equity to manage risk more effectively. Negative balance protection safeguards clients from incurring losses beyond their deposits.
NBP helps protect traders against large losses in case of sudden market movements. It functions as a mechanism that prevents the account balance from going into negative figures, ensuring that traders don’t end up owing money to the broker. The Worldtradex platform also offers a detailed charting package, helping traders to make better trading decisions. With a deep liquidity pool in futures trading, traders can take large positions without worrying about slippage. 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.
When trading Contracts for Difference (CFDs), positions can be opened for a fraction Worldtradex company reviews of their value because of leverage. Essentially, the broker lends the trader money so that they can open bigger positions. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.
Worldtradex Broker Specifications
Contracts for Difference (CFDs) are financial derivative instruments that allow traders to speculate on the price movements of an asset without owning the asset itself. I reviewed Worldtradex’s legal documents and found everything to be in order. The Client Agreement is readily available, and all relevant information is presented clearly. These products are traded on margin and carry a high level of risk and it is possible to lose all your capital. They may not be suitable for everyone and you should ensure that you understand the risks involved.
Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. Trading in futures and options carries substantial risk of loss and is not suitable for every investor.
We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. MT4 platform with all my love toward you, this should be replaced by at least its newer 5 version. Yes, introduce new clients and you may receive CPAs up to $750 and bonuses up to $10,000. Once registered, prepare the necessary supporting documents to complete the verification process and activate your trading profile.
