Although worldtradexFx is regulated by just 2 regulatory bodies, it does business in multiple jurisdictions worldwide. It prioritizes its clients’ account safety by keeping clients’ funds in segregated bank accounts. worldtradexFx employs state-of-the-art technology and advanced security protocols, which includes SSL web encryption and two-step authentication to protect clients’ confidential data. Most clients with high volume accounts have an adverse opinion about the company. They complain of worldtradexFx being a scam broker, denying them withdrawals and going on to block their accounts. After 324 reviews, worldtradexFx holds a rating of 2.997 out of 5 stars on Forexpeacearmy.
For articles, a handful exists bordering a wide range of topics ranging from risk management procedures and trading techniques. The Mobile app offers market data; quotes https://worldtradex.space/ in simple and advanced modes. Users can decide to view prices of their chosen trading instruments in advanced mode, showing its spread and daily highs or in simple mode without the extra information. The trading interface of the mobile app is quite basic, yet it is functional. It is divided into quotes; market data, chart, trade and history.
MetaTrader 5 is available as a web platform that’s compatible with Windows, Linux, and Mac OS. MT5 can also be accessed from a smartphone or tablet, whether it has an iOS or Android operating system. Trade anytime and anywhere, and have access to trading Worldtradex official site information 24 hours a day, even while you’re traveling or on vacation. It is super easy to download and install the terminal on any compatible device.
MetaTrader 5 for Android
worldtradex representatives have insisted that there is no connection at all between its services and the company operating under the name worldtradexFX India Pvt Ltd. This broker charges no fees on currency conversion during deposits and withdrawals. However, with deposits in currencies other than the USD, the payment provider on conversion of the funds to dollars using their internal exchange rate may charge additional fees. To practise your trading skills safely, try opening a risk-free Forex demo account before creating a real one. With the worldtradex demo account, you get a full trading experience while using only virtual funds without risking any real money.
- Note that there are other available deposit options on worldtradexFX, but they all vary based on the country where you’re residing.
- Between 74-89% of retail investor accounts lose money when trading CFDs.
- While some people praise the broker wholeheartedly saying it’s one of the best online trading brokers, others say it is no scam but is poorly managed.
- Below is a tabular review of the various deposit methods and the processing time.
- The company aims to foster communities of like-minded, well-informed, and consistently engaged traders in India and across the globe, enabling them to pursue their medium to long-term financial ambitions.
Expert Advisors (trading robots) in MetaTrader 4
An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Founded in 2011, worldtradex (formerly worldtradexFX) is part of a group of global entities, which include worldtradex Markets LTD (based in the island of Mwali) and worldtradex Markets Cyprus Ltd (based in Cyprus). worldtradex also provides financial services through its intermediary, Orinoco Capital (based in South Africa). Lastly, worldtradex also has an entity regulated in Mauritius, through Uni Fin Invest . worldtradex offers a mere 257 tradeable instruments, which varies by platform, with the most on its MT5 offering.
Download MetaTrader 5 for your device
The company aims to foster communities of like-minded, well-informed, and consistently engaged traders in India and across the globe, enabling them to pursue their medium to long-term financial ambitions. Importantly, from a trader’s perspective, worldtradex also institutes a negative balance protection policy, which means that users of the platform cannot lose more money than they’ve deposited. Another security feature of worldtradex is that users can only make withdrawals to the same locations online as were used to make their initial deposits. There have, however, been questions raised around the legal status and licensing position of online trading platforms in general, and worldtradexFX India specifically.
However, your payment system will determine how long it will take before the payment gets to you. On the main page, choose the account you want to withdraw money from and click on the “Withdraw” button. Then you can use worldtradexFX on your Android phone and trade from the comfort of your home.
Plus, your user status grants you special privileges, such as advanced analysis, spread reduction, and other exclusive benefits. Traders in India wondering what to make of worldtradex as an online brokerage might also be reassured to know that the Global Forex Awards rated the company as the ‘Most Reliable Broker in Asia’ back in 2023. While more recently, in 2024, FX Empire named worldtradex the ‘Best Trading App in India’. MT5 has 44 analytical objects, including Gann, Fibonacci retracements, Elliott Tools, Geometric Shapes, and more. Apply objects on charts manually, set calculation parameters, and customize the appearance of graphical objects according to your taste. With this knowledge, we created our platform to help you make money through smart and well-controlled investments.
Free Forex demo trading account
Feel free to experiment with trend following, breakout, momentum, and other strategies on your way to create the best trading plan. Try to build a perfect set of indicators that can predict the behaviour of the market or employ Expert Advisors (EAs) to monitor fluctuations across various currencies. Most strategies require much skill and discipline, and a demo account is a safe way to improve them without staking your hard-earned cash. This is, unfortunately, a problem that the online brokerage market faces consistently, as scammers are all too often eager to exploit the successes of widely trusted trading apps and platforms.
However, on a review that an account has been inactive for long it gets deactivated. Various account types on the 3 platforms have different deactivation dates as stated below. The most popular trading platform for both experienced traders and beginners. worldtradex presents traders with a competitively priced, commission-free pricing environment.
- It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page.
- Yes, it offers a proprietary trading platform known as worldtradexTrader.
- This means you can develop, test, and apply EAs to eliminate obstacles in analytical trading activities.
STP (Straight-through processing) is basically done through electronic transfers. With cTrader, users can trade directly with prominent banks globally. It has no restrictions on Stop/Limit levels and allows users to perform multiple functions like reverse, double or close all positions in one click. CTrader has a desktop version, and is also available in apps for android and iOS. We do not limit the array of assets available on demo accounts—trade anything you like and diversify your skills.
Our reach makes financial markets accessible to traders worldwide. We measure success by the cost-effective trading conditions we provide and by success stories our traders share. By choosing not to obtain an official licence in India, worldtradex prioritises delivering a top-tier forex trading app globally, free from restrictions that could hinder its ability to serve users effectively. All aspects of the app’s functionality are transparently communicated and easy to understand, with deposits to the platform happening instantly and withdrawals typically processed within just a few hours. Contemporary service providers like worldtradex place a strong emphasis on supporting their app users in learning more about the intricacies of trading, regardless of their experience levels. Understanding more about the dynamics at play and being able to interpret relevant analysis are both viewed as particularly important.
MT4 can also be accessed via Android, Windows, iOS, and macOS apps. On the next page, you will be shown the list of available withdrawal options in your region. Note that there are other available deposit options on worldtradexFX, but they all vary based on the country where you’re residing. After confirming your email address, you will be redirected to the worldtradexFX website to fill in your personal details. This includes your country of residence, city, street address, phone number and date of birth.
