Moreover, I evaluated its trading fees to exceed the industry average. As a chart artist, I have always preferred trading platforms with charts that allow me to scale price action up and down easily. I found its charting capabilities quite rigid and ineffective. The one thing that MT4 is quite suitable for is automated trading because it is not dependent on the execution of precise technical analysis. MetaTrader 4 has many essential features, such as one-click trading, an alarm setting option, and a depth of markets tool.
For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. worldtradex’s mobile app affords traders quick and easy access to the market on the go. It is very useful for making snap adjustments to any open trades. 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.
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On the other hand, assets with a “wide” bid-ask spread can be more costly and time-consuming. I am a fan of the cent account, on which dollars are denominated in cents. Someone will frown upon it but i think it’s a way to start!
I requested additional information about worldtradex’s execution model, average execution speed, and general trading conditions. An agent connected almost instantaneously to the chat, but they did not introduce themselves. They responded fairly quickly to my question about the inactivity fee policy but struggled to explain their https://worldtradex.live/ execution model. My tests indicate that worldtradex’s trading fees exceed the industry average. Such a full-sized EURUSD position usually costs around $10. Only the Privilege account type comes close to the average, but to qualify for this account type, you need to deposit at least $10,000.
My analysis indicates that worldtradex’s fees are above the industry average, and the broker offers limited client protection. I only go for bearish trends, right now trading against EUR seems fine. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.
Accounts
- CFD’s are flexible and can be traded with leverage to further enhance possibilities in the markets.
- Plamen’s favourite trading instruments include FX majors and gold.
- I consider the chart screen a platform’s most important feature.
- I quite enjoyed worldtradex’s educational guides covering very basic trading topics that novice traders are likely to ask.
- You can trade across all of your devices on an intuitive trading platform with top trading conditions.
- Tradeco limited is authorised and regulated by the Seychelles Financial Services Authority (FSA).
Actually, this was the first place where I started trading futures contracts on indices and soft commodities. worldtradex had a familiar MT4 platform and reasonable fees for this type of asset. Though, I wanted more choices of accounts, especially expected from them some zero spreads accounts.
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Dear users,This review was not submitted by a verified client of worldtradex and seems to be an attempt to damage our reputation. Trustpilot is a trusted platform, and we believe in the importance of honest and accurate reviews.Kind regards,worldtradex ⚡️Empowering traders. Your account should reflect your goals, needs, and ambitions on the market. You should take into consideration several factors, such as whether the account type has a minimum deposit requirement, its spreads and commissions, the execution method, and more. Assistance is available in a wide range of languages, including English, French, Spanish, Chinese, and Arabic, during business hours, Monday to Friday. Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery.
Choose from 9 chart timeframes and multiple order types including instant execution, pending orders, limit orders and one-click trading. One of the main advantages of the worldtradex MT4 platform is its ease of use. You can seamlessly switch between the desktop, web and mobile MT4 app. This means you can analyse the markets and manage your positions from anywhere, at any time.
worldtradex is a Seychelles CFD broker that was founded in 2021. It is regulated locally by the Financial Services Authority (FSA) of Seychelles and adheres to some of the main safety requirements in the trading industry. worldtradex does not target residents of the EU where it is not authorized. worldtradex does not offer its services to residents of certain jurisdictions such as the USA, Iran, Cuba, Sudan, Syria, and North Korea. In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, how big the company is, and how transparent it is in terms of readily available information.
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- I conducted my test on 18 December at around 9.50 am CET via live chat.
- However, the platform is quite old, and its rugged design is outclassed by newer and sleeker platforms.
- You should take into consideration several factors, such as whether the account type has a minimum deposit requirement, its spreads and commissions, the execution method, and more.
- You can learn in your own time and take advantage of a free demo account to put what you have learned into practice.
- For example, if you buy a CFD on gold, you speculate on the price movement of gold, without owning any actual gold.
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. With worldtradex, we offer a reliable platform, fast execution and solid trading conditions. worldtradex is an international, trusted, multi-asset and CFD broker. The broker is committed to providing both beginner and professional traders with excellent trading tools and conditions to access the global financial markets.
Platforms
worldtradex is still a relatively new broker, having been established just a couple of years ago. Hence, the company is still working on developing a strong brand name that is trusted internationally. It is currently licensed and regulated by a single regulatory body – the FSA of Seychelles, which requires brokers to ensure segregated funds and negative balance protection. However, there is no cap on the maximum retail leverage, and no compensation scheme has been put in place.
However, as a trader who relies heavily on precise technical analysis, I am highly skeptical of MetaTrader 4. At least when it comes to executing penetrating technical analysis. It also supports automated trading via its Expert Advisors (EAs) feature. Meanwhile, the mobile app version of the platform supports trading on the go. My tests indicate that worldtradex’s swap charges meet the industry average. They are thus suitable for the execution of longer-term trading strategies, such as day and position trading.
When you trade CFDs, you can do so by using leverage, which means that traders only need to use a small capital amount to control a much larger position in the market. While leverage enables you to potentially earn bigger profits, it can also incur bigger losses. Our deposit bonuses provide some extra Worldtradex scam power when you are just starting out.