Online Trading Regulated Forex Broker

The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms. He is an expert in Compliance and Security Policies for consumer protection in this sector. Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings.

years in the market

There are 12 extensive educational articles covering the forex basics but what stood out for me was the free forex trading course. In this course, I had access to 11 video lessons that lasted roughly 5-10 minutes but went into detail about how to trade forex. 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.

Master’s Fees

The availability of demo accounts on both platforms further supports traders in mastering their skills before entering live markets. It’s good to see worldtradex offer MetaTrader 4 as it is one of the most recognised trading platforms for retail forex traders in Malaysia thanks to its advanced charting tools. I like that out of the box you have access to 30+ technical indicators from moving averages to Bollinger bands and 24 analytical objects making on-chart technical analysis simple. Copy Trading further enhances its appeal by simplifying trading for beginners and providing passive income opportunities. As for education, I thought worldtradex did a good job at presenting the basic concepts of forex trading through an online video course.

Demo Account:

• I’d like to have seen an option for bank transfers as I feel most secure about this process.
• 4 of these are available for trading through MT4 and this offering includes major indices from the EU, US, Australia, and Japan.
• The worldtradexFX registration process requires email verification, basic identity details, and account preferences—no documents needed upfront.
• “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning.
• The generous bonuses and promotions complement the excellent core trading services.

There are a total of 51 charting indicators provided, and 31 drawing tools also. The spreads here start at an extremely competitive 0 pips with $5 per side per lot of commission, or from as low as 0.2 pips with no commission depending on your account type. When it comes to spreads and commissions, worldtradexFX works both with floating and fixed spreads. The floating spreads can start from 0 pips depending on your account type. All of the same withdrawal methods are also available as your deposit method.

How To Trade Forex On worldtradexFX

This is an impressive feature if you’re new to trading due to the constant flow of trading ideas with detailed market commentary that will help you learn in real time. Plus, you can fine-tune the Space by choosing specific instruments only to receive these ideas from – in my instance, I chose USD/JPY, gold, and EUR/USD. My experience with worldtradex’s customer service was largely positive thanks to its 24/7 customer support and impressive AI live chat service. I felt that when I was passed to human agents on live chat it was hit and miss as basic questions were not answered, while other times they were. Overall, the account opening process took 3 minutes which is the fastest application I have completed for opening a live trading account. These are two offshore regulators that allow worldtradex to provide secure financial services in 180 countries.

Trading and investing in financial instruments comes with a high degree of risk and you can lose money. You should only engage in any such activity only if you are fully aware of the relevant risks. 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. Whilst we try to keep information accurate and up to date, things can change without notice and therefore you should do your own research.

Does worldtradexFX offer negative balance protection?

While monitoring the spreads the broker’s EUR/USD spread fluctuated between 0.80 and 0.90, which is slightly more than the minimum advertised. The worldtradexFX ERC20 withdrawal enables traders to transfer Tether (USDT) via the Ethereum network quickly and securely. Setting up an account takes just a few minutes and allows access to either a Standardor Custom trading environment. worldtradexFX is a financial broker with more than 40 million accounts opened on it. 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. We do not provide financial advice, offer or make solicitation of any investments.

If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to worldtradexFX. The support team is recognised for its prompt response times and ability to address concerns in multiple languages, reflecting worldtradexFX’s commitment to serving its global client base. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community.

• I also found an interesting feature called Spaces where you can customise an area with trading alerts and real-time news announcements.
• Here is a look at a couple of other fees that you may encounter when trading with worldtradexFX.
• The broker offers access to 300+ trading instruments, including forex currency pairs, commodities, indices, cryptocurrencies, and stocks.
• As a copier here, you also will not be charged any other commission besides that set by the person you are copying.

The broker offers reasonable times to process your deposit and withdrawals. 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 demo account provides real-time price feeds like a live account but gives you virtual funds to trade in a risk-free environment. The big takeaway from my time with worldtradex is that it doesn’t charge swap fees on any of its accounts which are usually reserved for swap-free Islamic trading accounts. 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 https://worldtradex.pro/ a swap.

If you are interested in trading forex, you can take a look at our best forex brokers for some options. This guide provides a comprehensive and up-to-date walkthrough on how to trade forex on worldtradexFX. It covers everything from account setup and platform navigation to strategy implementation and risk management. The worldtradexFX Champion offer is a contest run by the broker whereby you can open a demo account and trade for 4 weeks.

Filippo specializes in the best Forex brokers for beginners and professionals to help traders find the best trading solutions for their needs. He expands his analysis to stock brokers, crypto exchanges, social and copy trading platforms, Contract For Difference (CFD) brokers, options brokers, futures brokers, and Fintech products. 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, Worldtradex cheating automate your trades with MT4’s EAs, or day trade with depth of markets tools on MT5 there is something for everyone.

That means you can access wire transfer, credit/debit cards, and some eWallets like Skrill. These typically take 1 day to process or less, though a wire transfer may take longer. There may also be a fixed exchange rate in place to benefit you as a trader depending on location. Here the broker makes a special fixed exchange rate of 1 USD to 10,000 IDR available that can help traders combat currency volatility. worldtradexFX offers a great demo account that is easy to sign up for, just needing the most basic of your personal information and an email address. Furthermore, your funds will always be held in segregated accounts with top-tier banks when you trade with worldtradexFX.