Navigate to the dashboard menu within your Personal Area and select “Deposit.” This will allow you to fund your preferred trading account. After logging in, you will be presented with various trading-specific options. CopyTrading software from the broker introduces an innovative way for Indonesian traders to replicate signals from other traders. The live chat is 24/7 which is great to see, but the experience I’d say is a mixed bag.
User reviews
On the positive side, it allows worldtradex greater flexibility in leverage and instruments while still serving clients from around the globe. The dashboard includes a “Monitoring” area where users can view and share their performance, charts, profits, orders, and history with others. Both the user and any interested party can access this section to see the performance of accounts that have opted for public visibility. During our testing, we confirmed that no swap fees are charged for maintaining open positions not only overnight but also during the weekend for several days. Additionally, the app allows users to view the history of each operation, including changes made to orders, with great clarity.
Versatile Tools for Every Trader
worldtradex offers the cTrader platform, renowned for its fast execution and low latency. Favored by ECN traders who need tight spreads and an advanced trading interface, cTrader provides a seamless trading experience. It also supports algorithmic trading through cAlgo, making it an ideal choice for professional traders who rely on automated strategies. With its robust features and precision, cTrader caters to those seeking a sophisticated and efficient trading platform. I like that worldtradex provides a variety of trading platforms that all trading styles can use, making the broker a versatile option to benefit from the lower trading costs. Whether you’re a beginner with worldtradexTrader’s market analysis tools, automate your trades with MT4’s EAs, or day trade with depth of markets tools on MT5 there is something for everyone.
- You can open a demo account with unlimited funds and no expiration giving you ample time to test each platform to see which suits you best.
- This distinguishing feature ensures that Indonesian traders who adhere to Islamic principles can trade with complete peace of mind without any impediments jeopardizing their strategies or goals.
- The SSL-secured Personal Area is encrypted with 128 bits, which protects browsing and makes data inaccessible to third parties.
- The broker introduces the worldtradex Trading App to Indonesian traders seeking a smooth and efficient trading experience.
Limit orders were adjusted almost exactly to the specified price without jumps, though a small percentage of stop orders did experience some variation. worldtradex does not provide services to citizens of the United States (US) and residents of Canada, Spain, Belgium, India, Iran, Myanmar, North Korea, Pakistan, the Philippines, the United Kingdom, and the US. Clients are considered active if they have a balance over $100 and have completed five valid orders within 30 days. In addition, should IB commissions change, the rebate reporting system will automatically adapt to reflect these modifications.
Swap-Free Account Fees
This approach ensures that traders receive a reliable and rewarding experience, even without relying on promotions. worldtradex charges minimal non-trading fees, making it a cost-effective option for traders. The broker does not impose any fees for deposits or withdrawals, allowing users to manage their funds without incurring extra costs. However, traders should be mindful of potential third-party charges that may apply depending on the payment provider used. worldtradex places great emphasis on maintaining the trust and safety of its clients.
Deposit Options and Fees
These accounts are designed to cater to traders at different experience levels and with varying trading strategies. At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying. The Micro account at worldtradex is tailored for beginner traders, offering commission-free trading with slightly wider spreads. This account provides access to all of worldtradex’s trading instruments and platforms, giving new traders the opportunity to get started with minimal risk.
Tradable Instruments
Overall, the account opening process took 3 minutes which is the fastest application I have completed for opening a live trading account. The worldtradexTrader has the least options for technical analysis too with 19 indicators, 11 drawing tools, and 7 timeframes. However, after testing I found the platform covered the top indicators like volume and moving averages along with Fibonacci retracement tools. With worldtradex being an ECN broker, I found MetaTrader 5 can utilise its advanced features like depth of markets tool for you to analyse market order flow. This is a great tool if you scalp or day trade as you can use the data to find hidden support or resistance while helping you spot breakout trading opportunities. You can open a demo account with unlimited funds and no expiration giving you ample time to test each platform to see which suits you best.
- The analysis was well presented on the charts and the commentary was easy to understand and follow, even if you’re new.
- Not only does this reduce your trading costs for longer-term positions but it won’t force you to close a position before being charged a swap.
- To enable multiple withdrawal methods, a new deposit using a different method is required.
- This could include opening an account with worldtradex Markets Cyprus Ltd, or Uni Fin Invest which is worldtradex’s Mauritius entity.
- Overall, the account opening process took 3 minutes which is the fastest application I have completed for opening a live trading account.
- This is the first time I’ve seen swap-free accounts for all traders, regardless of location and beliefs, making worldtradex a truly low-cost broker by avoiding these fees.
To do so, investors don’t need substantial sums in their bank accounts or a degree in finance. Whether they have been trading for years or are just starting, all they have to do is log in, fund their account and start trading. worldtradex was founded in 2011 and offers a range of trading platforms and tools.
worldtradex processes more than $9 billion in monthly trading volume and has executed over 920 million trades since its inception, according to company data. These substantial operational metrics match the broker’s strong positioning in search visibility. worldtradex has been offering retail trading services since 2011, servicing over 40 million trading accounts in 180+ countries which is an impressive achievement considering how competitive the forex industry is. The copy trading platform is also a bonus, which is the perfect opportunity to mirror the trades of 1,500 traders and leverage their experience to profit from leveraged markets. I found all platforms worldtradex offers provide mobile trading apps on your iOS or Android device, which can be downloaded directly from the broker’s website.
Whether you’re looking to trade popular or less common currency pairs, worldtradex provides a reliable platform. For more details, visit the worldtradex forex page and explore the trading options available. MetaTrader 4 (MT4) is a popular trading platform offered by worldtradex, featuring a wide range of tools such as advanced charting, technical indicators, and support for automated trading via Expert Advisors. MT4’s user-friendly interface makes it suitable for both novice and experienced traders, providing an accessible yet powerful platform for executing trades and analyzing the markets. With its robust features scammed by Worldtradex and ease of use, MT4 remains a preferred choice for traders looking for a reliable and versatile trading experience. worldtradex offers 24/7 customer support through live chat, email, and phone, ensuring traders can receive assistance whenever needed.
The software’s intuitive layout, designed with simplicity, allows traders to locate and follow signal sources based on personalized criteria easily. This feature enables Indonesian traders to build well-informed portfolios, improving their trading efforts. Furthermore, MT5 allows traders to create unlimited charts and test multiple currency pairings simultaneously, facilitating efficient portfolio management. Yes, you can register an MT4 or MT5 live trading account and then request that it be converted to an Islamic account.
The entire process can be completed quickly, often within a day, provided the necessary documents are readily available. worldtradex doesn’t require a minimum deposit to open an account, a notable point in their favor. worldtradex does a commendable job of offering educational and research materials to its users, though room for improvement and expansion still exists compared to some industry leaders.
Is worldtradex Regulated?
The broker provides a variety of account options to accommodate various trading styles. Currency conversion fees could apply when Indonesian traders deposit and withdraw in IDR to accounts denominated in USD or EUR. MT5 introduces a broader range of order types and an expanded set of indicators and analysis tools. This adaptability gives Indonesian traders more control over their trading activities, allowing them to cater to various strategies and risk preferences.
The demo account provides real-time price feeds like a live account but gives you virtual funds to trade in a risk-free environment. This is the first time I’ve seen swap-free accounts for all traders, regardless of location and beliefs, making worldtradex a truly low-cost broker by avoiding these fees. One of worldtradex’s impressive features I found was the no swap fees on all of its accounts. This means you can hold CFD positions overnight without being charged interest or fees like non-Islamic accounts do, making the broker a solid pick if you trade stocks.
worldtradex uses highly secure technology to safeguard personal information and financial transactions. The SSL-secured Personal Area is encrypted with 128 bits, which protects browsing and makes data inaccessible to third parties. This could include opening an account with worldtradex Markets Cyprus Ltd, or Uni Fin Invest which is worldtradex’s Mauritius entity.