worldtradex: the leading broker for online trading

However, when compared to research leaders IG, Saxo, and CMC Markets, worldtradex has room to enhance its research offering. For instance, I found that the content on the worldtradex Blog is not updated daily across all categories. All traders must go through a period of trial and error to become pros. We aim to make that period more accessible for you with our free Forex trading lessons. We are constantly improving our product to make your trading experience better.

worldtradexTrader Android

Check out my picks for the best mobile trading apps in the industry. worldtradex (formerly worldtradexFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. Open an worldtradex trading account and make a deposit—you need just $25 to start. If you are still unsure where to start, check out our introductory video course. Use trading bots for market analysis and risk management without any limitations.

A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). worldtradex is regulated in Cyprus by the Securities & Exchange Commission (CySEC) and in South Africa by the Financial Sector Conduct Authority (FSCA). worldtradex holds just one Tier-1 license and one Tier-2 license, resulting in a grade of “Average Risk” within the ForexBrokers.com Trust Score rating system. worldtradex does have a proprietary mobile app for trading, as well as for social copy trading (the worldtradex Copytrading app), yet it still trails behind industry leaders such as IG and Saxo.

Founded in 2011, worldtradex holds a regulatory license in Europe via its Cyprus-based entity – worldtradex Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC). In South Africa, worldtradex provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). worldtradex has made great strides with innovation in its web platform, and new educational content, but offers a limited range of tradeable instruments compared to the best multi-asset brokers.

Forex currency trading hours: when to trade

Learning how to handle orders and manage your risks is safer and easier on a free demo trading account with simulated dollars.The worldtradex trading demo account boasts all the features of the real one. With a wide range of trading instruments, user-friendly platforms, and robust customer support, worldtradex provides an appealing choice for both novice and experienced traders. The broker’s low minimum deposit, competitive spreads, and comprehensive educational resources enhance its accessibility and attractiveness to different kinds of traders. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. When you feel like you have enough experience in trading on demo accounts, and when you make steady profits from session to session, we recommend you move on to making real money on real trading accounts.

• Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust.
• Each year, we collect thousands of data points and publish tens of thousands of words of research.
• The idea of making the trading space more comfortable was the start.

worldtradex may https://worldtradex.space/ be best suited if you are new to trading and live in a region where you require support in non-English languages, such as Southeast Asia. We do not limit the array of assets available on demo accounts—trade anything you like and diversify your skills. The actual list of available trading instruments is specific to each trading platform.

Choose from 300+ trading instruments, including shares, commodities, and indices. Join an intenational broker with 12 yearsof experience and 60+ industry awards. With this knowledge, we created our platform to help you make money through smart and well-controlled investments. Read our full explanation and accounting of our research and testing process to learn more about how we test. worldtradex has over 50 different payment options, such as Visa, Neteller, Fasapay, and bitcoin, as well as a large variety of local bank transfers. The availability of these payment methods may also depend on your country of residence.

The security of your funds – in terms of regulatory protection – will depend on which worldtradex entity holds your account, and which, if any, relevant regulations provide customer protections. It’s worth noting that worldtradex’s primary execution venue is one of its own entities in St. Lucia. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. https://worldtradex.pro/ Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

Is trading on currency pairs profitable?

You can trade on your demo account for as long as you want—there is no time limit. We disable accounts that stay inactive for too long, but you can always create a new one for free. No, you can start trading right after you sign up and create your first demo account with worldtradex. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.

Explore Space for live trading ideas

The global currency market is divided into four major trading sessions. They slightly overlap, allowing you to trade most major and minor Forex pairs almost 24/5, with just a brief recess. The idea of making the trading space more comfortable was the start. Only the traders themselves could give us a better insight into their preferences. Over two years of research and development, we have interviewed traders worldwide, discussing the platform’s usability.

The worldtradex Forex profit calculator is a risk management tool to improve your trading of currency pairs and other assets. Calculate potential profits and losses of your orders and trade financial markets more confidently. Practice risk-free with simulated funds or start trading with real money. 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. Explore all the features of your trading platform and learn how the Forex market works before depositing any real funds.

Do I need to install MetaTrader to trade on a demo account?

Test your bot on a free demo account, adjust it to your investment goals, and then put it into action. It automatically closes when the price reaches a certain non-favourable level you can set in advance. Using a Stop Loss order protects your funds from the worst-case scenario. You can use the calculator to manually choose the Stop Loss level for your order.