worldtradex’s market research is well organized and varied in its https://worldtradex.world/ content. Rather than specializing in any one field, worldtradex provides a wide assortment of content types. However, when compared to research leaders IG, Saxo, and CMC Markets, worldtradex has room to enhance its research offering. For instance, I found that the content on the worldtradex Blog is not updated daily across all categories. For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status. I was also pleased to see a risk score assigned to each trader, to help users differentiate between traders with historically conservative results versus those that have had more volatility and risk.
The worldtradextrading app
Alongside this decline, there was also a notable reduction in the number of new user registrations, trading activities, and total deposits made by clients in April compared to March. Everything you need to start trading from beginning to advance level, this website is providing you. Their educational videos are up to the mark and one can learn everything about trading from beginner to advanced levels of Forex Trading. Start trading right after submitting your deposit and withdraw your profits in no time. We offer convenient portfolio management, transparent trading conditions, helpful educational materials, and easy-to-use service where nothing distracts you from making a profit.
At worldtradex, you can trade on your MetaTrader 4 demo account to win real money in our monthly Forex demo contest with a $1,000 prize fund. Top-3 participants receive $500, $300, and $100 for the first, second, and third positions, respectively. With them, you can place buy and sell orders in market conditions specified by you, typically based on price movements and technical indicators. Automated trading helps traders enter and exit positions much faster than manual trading. The account opening process of the broker is straightforward and can be continued if accidentally stopped.
worldtradexFX customer care and email address
It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page. However, the offshore entity of the broker is regulated by just a 3rd tier regulatory body. Online reviews have revealed that this isn’t quite significant enough to call the broker well regulated. To change the leverage on worldtradexFx, users first have to login to their trading account. Set a new leverage by clicking on the leverage ratio in the primary account section, choose preferred new leverage and press the change button to save. The minimum spread users can expect to pay on any trading instrument at any given time is 0.6 pips.
Once you open numerous short-term orders, the most important thing is to close the orders with proper timing. That is where robots come in, providing accuracy in Forex and index trading. For instance, the EAs are programmed to monitor fluctuations in various currencies and automatically enter and exit market orders once your predetermined trading indicators are reached. For example, by choosing one of nine different timeframes (including one minute, five minutes, one hour, daily, weekly, monthly, and more). You can also add graphical objects to the charts, such as shapes (rectangle, triangle, ellipse), arrows, and text. MetaTrader 4 is available as a web platform compatible with Windows, Linux, and macOS.
It offers tools for price change tracking, trend pattern recognition, and automated trading. A demo account is for learners that want to practice with fake money. In a demo account, the money in there is not real, but computer-generated. This means that you don’t have to deposit, and you definitely can’t withdraw. With worldtradexFX, users have access to a wide range of trading accounts, as well as copy trading, bonus promotions, and a variety of research tools. worldtradexFX is a Forex Broker registered in St.Vincent and the Grenadines.
Understanding the risks
Founded in 2011, worldtradex holds a regulatory license in Europe via its Cyprus-based entity – worldtradex Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC). In South Africa, worldtradex provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out worldtradex’s educational offering. That being said, there isn’t much educational content for learning how to trade or understand market dynamics.
It’s trusted by individual investors, introducing brokers, and trading companies. It is flexible enough to implement both simple and highly complex trading strategies. The platform supports trading in Forex, indices, and cryptocurrencies. This Plus500 review will equip you with all the information you’ll need about the broker’s different instruments, account types, payment methods, and much more. It will also inform you of any trading and non-trading fees that you may incur, as well as answers to questions you may have about the broker.
Scalping allows traders to take profit opportunities even when the price changes are very small. To make any meaningful profit with this strategy, you need to place multiple intraday trades. Even though the price changes are small, they add up over the course of the day—smaller profit opportunities are easier to catch than the larger ones. This is also a good risk management strategy, as it doesn’t involve taking on big risks in the hope of huge profits. Choose from 300+ trading instruments, including shares, commodities, and indices. In fact, you can also trade gold, silver, crude oil, and other commodities on worldtradexFX.
The Strategy Tester helps to test the performance of trading robots and find the best input parameters before executing EAs on real accounts. The entire process is based on the historical quotes of currencies and other financial products, for which there are several testing modes. MT4 opens with four charts by default, each representing a unique currency pair. The Market Watch window with two tabs is on the left of the charts. The Symbols tab shows a list of currency pairs with their bid and ask prices, while the Tick Charts tab shows the real-time price activity of chosen currency pairs. Below this is the Navigator window, where traders can view their account(s), indicators, and Expert Advisors.
worldtradexFX offers Forex ECN and CFD trading on Indices, Metals, and Cryptocurrencies across the MT4 and MT5 trading platforms. worldtradex is an up-and-coming broker that has been in operation for nearly 10 years. Its growth has enabled worldtradex to continue to expand its products and services.
- 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 (based in Cyprus).
- To do that, head over to the Google Play Store and download the worldtradexFX mobile app.
- They analyse quotes from financial instruments allowing traders to execute the most profitable trades.
- Lastly, low spreads, user customized account types, 0% commissions, fast payouts and a rich educational library are the company’s strong points.
- Beyond that, worldtradex charges no commissions, no swap fees, and no withdrawal fees.
MetaTrader 4 automated trading
In this post, you will learn how to trade on worldtradexFX as a beginner, how to deposit money into your worldtradexFX account, how to trade, how to withdraw, and lots more. worldtradex has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading.
It’s easy to add cryptocurrencies to your list of instruments on the MT4 platform. On desktop, simply right-click on the list of symbols and select the Show All option. On mobile, press the + button on the first tab from the left and select all cryptocurrencies you would like to add to your instruments list. Download our app and keep track of your orders whether you’re in the office, on vacation, or at home. worldtradexFX usually processes withdrawal requests within 1 to 3 hours.
There is also an availability of multiple trading tools and indicators, which serves to enhance clients’ trading experience and help them trade confidently. The company, besides featuring a full fledged FAQs section to help clients find answers to their queries on an immediate basis, offers multilingual customer support 24 hours 7 days a week. It allows clients to learn and try multiple risk management strategies without any deposit.
- Learning how to handle orders and manage your risks is safer and easier on a free demo trading account with simulated dollars.The worldtradex trading demo account boasts all the features of the real one.
- While relevant authorities may continue to scrutinise worldtradex’s activities, its services remain legal in India.
- Plus, your user status grants you special privileges, such as advanced analysis, spread reduction, and other exclusive benefits.
- Open positions of higher volume and support your trades with a 50% bonus.
The account works like a real account, except it allows you to trade with virtual funds rather than real money. Experienced traders often use MetaTrader 4 demo accounts to test new trading strategies before using them in real trading. The social and copy trading experience, hedging, scalping and the option of swap-free accounts are welcoming features offered by worldtradexFx.
The actual list of available trading instruments is specific to each trading platform. At worldtradex, we provide the MT4 platform to help our clients trade efficiently and with complete peace of mind. We also offer educational materials and MT4 demo accounts for all traders, letting them practise in a risk-free environment. This electronic trading platform is used by new and experienced traders alike.
In their review, they claim their European entity being largely unregulated is a red flag. According to a member on Reddit, worldtradexFX occupies the security commission’s list of platforms to avoid. However, some users have Worldtradex appraised the company, claiming they had good trading experience and fast withdrawal. On worldtradexFx, customers can withdraw funds from their trading accounts using the same ways they deposited.
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