worldtradex provides clients with daily technical analysis for the EUR/USD, GBP/USD, and USD/JPY. While each analysis is brief, it features all required information for traders to take a position. It also maintains a blog where it publishes market-related content, but the Forex News section does show wide gaps between its posts. With such a useful market analysis, we would love to see the section expanded to other pairs. worldtradex offers demo accounts, apparently without any time limit, making them ideal for testing algorithmic trading solutions and new strategies. I want to caution beginner traders against using a demo account as an educational tool.

Platform and Trading Experience

Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. You just need to click on the ‘Register’ button at the top-right corner of the brokers website. You will be required to fill in the account application form with your details and may be asked to provide some KYC documents in order to verify your account. This is pretty standard procedure when dealing with a regulated broker as they must follow AML policies. I like how the process is all done online and shouldn’t take you more than a few minutes to complete.

• Focusing primarily on trading  opportunities in forex and CFDs, worldtradex does not offer classic investment opportunities like purchase and hold of Shares.
• My experience has shown me that a broker can run out of money and lose my money, but if you keep it with different brokers, you don’t have to worry.
• This adherence to providing low spreads is reflective of our dedication to empowering our clients in their trading endeavors.
• The MetaTrader 4 Multi Terminal is a component of the MT4 package that was designed to enable money managers and professional forex traders to handle many forex trading accounts at the same time.
• Practice your forex trading skills or test new strategies with zero investment.
• 86% of retail investor accounts lose money when trading CFDs with this provider.
• While an worldtradex no deposit bonus does not exist, worldtradex offers a 100% first deposit bonus with a $2,000 limit.

Fast and Friendly Support

With https://worldtradex.pro/ over 200 available assets, traders can diversify their portfolios and take advantage of different market conditions. I use worldtradex for forex trading and have been impressed with the huge range of currency pairs, transparent fees and reliable MetaTrader 4 platform. I think the client dashboard and website could do with an overhaul though – they are pretty dated. The very first thing I noticed when I started trading with the ECN XL account was the instant execution. I was trading with another broker previously, and after I pressed the buy or sell button, there was a little time to wait for the trade to be executed.

Trading Platforms and Tools

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. To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. In this worldtradex review, we examine the broker across key categories, including its accounts and fees, trading platforms, and customer support, to find out how it competes with alternatives.

• The “Education & Research” section of the broker’s website is replete with various educational resources, such as learning articles, forex news, traders corner blog, glossaries, educational eBooks, and more.
• Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process.
• worldtradex’s main objective is to empower its clients with all the tools they require, to develop their skills, whilst enjoying an unrivalled trading experience, during every step of their journey.
• To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking.
• worldtradex is good for day trading thanks to its very tight spreads in the ECN account, leverage trading opportunities, and access to the fast and dependable MetaTrader 4 platform.
• The online broker covers a range of important topics including guides on foundational information for the forex market that all beginners should read.

Is worldtradex Regulated?

worldtradex maintains a nice balance of traditional payment processors like bank wires or credit/debit cards, modern e-wallets like Skrill or UnionPay, and cryptocurrencies. Since worldtradex is a regulated and fully compliant broker, new traders must pass account verification per AML/KYC stipulations. A copy of the ID and one proof of residency documents usually satisfies this final step. worldtradex applies a spread-based fee for forex trades, with no additional forex-specific charges. However, the selection falls short of the comprehensive educational offering available from best-in-class brokers like eToro, limiting the brokerage’s appeal to beginners.

Clients have access to the full suite of the out-of-the-box MT4 trading platform. It fully supports automated trading and is one of the most versatile trading platforms available. MT4 upgrades are available through third-parties for an additional fee to (potentially) enhance the trading experience. One significant advantage is that worldtradex offers a more in-depth introduction to MT4, which many brokers fail to do, and which can truly set traders up for longer-term success. I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability. The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which worldtradex transparently displays on its website.

Unique Features

The broker has solutions for money managers and those of you who want to copy trading signals from other trades. However, there aren’t any individual stocks to trade and there is an inactivity if you do not trade enough. That being said, I think that the broker can be a feasible option for day traders who are looking to primarily trade forex or cryptos. You get free access to the MT4 trading platforms along with educational materials and useful trading tools to enhance your trading experience further.

These are useful resources, but worldtradex still lags some behind industry leaders like eToro with its comprehensive forex education academy. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information.