With the option to withdraw the bonus after meeting volume requirements and the ability to use high leverage, this is an attractive feature for traders looking to enhance their trading experience. Special promotions can further add value, making worldtradex a platform that rewards active traders. The broker has a simple user interface that allows for easy navigation. MT4 provides traders with an array of pre-loaded indicators, allowing them to make informed decisions. Notably, it also allows traders of all skill levels to execute automated trading strategies, streamlining the trading process.
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Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status. I was also pleased to see a risk score assigned to each trader, to help users differentiate between traders with historically conservative results versus those that have had more volatility and risk. 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. worldtradex has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers. In addition, worldtradex boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders.
It’s easy to navigate and supports traders in achieving their goals effectively. worldtradexFX offers a streamlined trading experience with intuitive tools and reliable market insights. worldtradex offers excellent transparency with a fee structure that includes zero commissions and no deposit or withdrawal fees.
Another program offered by worldtradex is a tiered loyalty program (without fees), where traders advance through categories based on their account balance, gaining access to benefits and rewards. The worldtradex Status Program allows traders to unlock various benefits based on their trading account balance. Benefits include lower spreads, faster transfer and withdrawal times, access to personal account experts, and various rewards based on their trading activity. For every standard lot traded, you earn prize lots, which can be redeemed for items like T-shirts, gadgets, or even a MacBook.
Extensive web trading functionality by worldtradexTrader
This is particularly advantageous for Indonesian traders aiming to elevate their trading prowess and refine their approaches before executing them in live markets. worldtradex uses separate accounts to keep customer funds separate from the company’s balance sheets per international regulatory standards. worldtradex offers 35 forex pairs and 230 tradeable symbols, which is below the industry average of 3,623 symbols. worldtradex offers competitive commissions and fees, including a low average EUR/USD spread of 0.9 and no inactivity fees.
worldtradex also supports popular trading platforms like MetaTrader 4, MetaTrader 5, and cTrader. With its emphasis on low spreads, fast trade execution, and a user-friendly experience, worldtradex caters to traders of all levels of experience and expertise. worldtradex offers competitive spreads across its platforms, with major currency pairs such as EUR/USD starting from as low as 0.4 pips.
The MT4 account demonstrates the limited Worldtradex review selection by only offering four stock indices (AUS200, GER30, NAS100, US30). Forex pairs, metals, indices, energies and cryptos are all available, but traders looking for single stock names will be disappointed. With less than 100 instruments on offer, there is no space for the more complex instruments such as options found in the quieter corners of the financial markets. 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.
- Clients can opt to trade using ECN portals, which take the quality of execution up a level.
- This draw offers alluring prizes, including smartphones, laptops, and trips to exotic locales.
- This combination of low spreads and fee-free transactions makes worldtradex a popular choice among traders who are focused on minimizing expenses and maximizing their profitability in the forex and CFD markets.
- worldtradex, established in 2011, is a well-known forex and CFD broker that has gained widespread global recognition over the years.
- In our review, the entire withdrawal process took less than 35 minutes.
- worldtradex offers several account types, including the Micro, Pro, and ECN accounts.
fundamental analysis
During our testing, we found the internet browser offered the best route into all the ‘extras’, such as copy trading, that worldtradex offers its clients. Being able to still engage with the full range of services from smaller screens is a real plus-point for the service. In terms of trading strategies allowed, scalping, expert advisors and hedging are all permitted across each of the two account types, which is not to be taken for granted. worldtradex has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading.
The Status Program demonstrates worldtradex’s dedication to improving traders’ experiences. This draw offers alluring prizes, including smartphones, laptops, and trips to exotic locales. This initiative adds an element of excitement and tangible rewards to the trading journey in recognition of the traders’ efforts and engagement.
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Indonesian traders can easily manage their trading activities, from adjusting leverage to executing and cancelling trades, depositing and withdrawing funds, and monitoring bonuses and promotions. 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.
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- The processing time can vary from 30 minutes to three business days, depending on the method and conditions.
- worldtradex is an international broker ideal for traders looking to operate under competitive conditions.
- worldtradex is a well-regulated trading provider ranked among the top 20 Forex and CFD brokers for Indonesian traders.
- At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools.
- Currency conversion fees could apply when Indonesian traders deposit and withdraw in IDR to accounts denominated in USD or EUR.
worldtradex provides a variety of educational resources aimed at enhancing trading skills. These resources are crucial for developing a solid foundation in trading principles and practices. Additionally, the app allows users to view the history of each operation, including changes made to orders, with great clarity. The minimum deposit is $25, while for several cryptocurrencies, the amount is approximately $50. During the account opening process, clients must choose a type of account.
The software showed robust charting tools and broad technical analysis capabilities throughout testing, therefore enabling users to personalize their trading environment properly. worldtradex Fees are ranked low based on our testing and compared to over 500 other brokers. worldtradexFX ensures that traders can access the tools and functionalities they need to succeed, whether they prefer simplicity or advanced analytics. The availability of demo accounts on both platforms further supports traders in mastering their skills before entering live markets.
worldtradex review 2025:
Withdrawals are typically processed within 24 hours, though bank transfers may take a bit longer. While worldtradex does not charge any withdrawal fees, traders should be aware that third-party providers may impose their own charges. This quick and cost-efficient withdrawal process adds to the broker’s appeal, providing traders with flexibility and convenience when accessing their funds.