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The broker also has their very own trading app which provides a modern and sleek interface for an enjoyable trading experience. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Deposits made to trading accounts must therefore be made from bank accounts in your name only. In the case of bank transfers, all requests are processed within 1–3 hours during the working time of the broker’s financial department. However, deposits via Skrill, Neteller, Visa, Mastercard and crypto are instant.
Furthermore, worldtradexFx has an easy-to-use app which is also available on Android and IOS devices. This app allows users to enjoy a smooth trading experience and keep track of executed orders from anywhere. Established in 2011 and located in London, worldtradexFx is a forex broker that renders its services to users worldwide. This review will focus on its regulations, trading instruments, deposit & withdrawal methods, online trading fees, spreads, leverage and how to open an account. It will also explore the investment safety measures provided by the broker. This broker does not charge its traders with any commission outside of trading for depositing and withdrawing funds.
In addition to the above mentioned, worldtradexFX uses segregated funds to protect clients money. This is a key requirement to look for in a broker because it means that your funds will be kept separately to the brokers. Our primary goal at The Tokenist is to simplify the word of financial decision-making, so that investing is not only easy – but also fun. In doing so, we often feature products or services from our partners. However, the opinions and reviews published here are entirely our own.
With https://worldtradex.space/ this, traders will have much more functions in terms of coding your Expert Advisors as it uses a coding language called MQ5. However, this offers a range of new features all packed into it neatly. The most efficient experience is provided by the computer platform as it offers the most tools and functions.
Both the user and any interested party can access this section to see the performance of accounts that have opted for public visibility. Additionally, the app allows users to view the history of each operation, including changes made to orders, with great clarity. A few minutes after submitting the withdrawal, we received a confirmation email. At that point, we could see our withdrawal status as “pending” in the dashboard. Less than 30 minutes later, the withdrawal was successfully completed, with the amount credited to our https://worldtradex.pro/ cryptocurrency wallet. The amount experienced a slight deduction due to conversion fees, but no additional charges were applied.
You can specify what signals you want to receive and the quality level of these signals (based on historical performance). 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.
worldtradex has made great strides with innovation in its web platform, and new educational content, but offers a limited range of tradeable instruments compared to the best multi-asset brokers. worldtradex may be best suited if you are new to trading and live in a region where you require support in non-English languages, such as Southeast Asia. If you have at least $500 in your worldtradexFX account then you can download and install the Autochartist trading signals plugin for MT4 & MT5. This tool will automatically conduct technical analysis by scanning the charts for trading signals and will alert you when it finds them.
This can be a good solution for those of you who don’t have the time or knowledge to trade manually. However, there can be no guarantee on how good or bad the signals will perform. I personally like to maintain full control over my trading as I feel like you can become a better trader in the long run when you learn from your mistakes.
worldtradex offers services through Orinco Capital (Pty) Ltd, primarily for clients located in Africa. This entity is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, which is a more stringent regulatory body, though not top-tier. worldtradex also offers social trading through its Copy Trade Service.
Approval of the funds can take from 1-3 hours depending on when you make a request. You can request a human agent who was surprisingly not as helpful as the AI with canned answers and no depth of product knowledge. This was frustrating when asking questions about their services and trading accounts as I felt they didn’t answer the question.
