Active traders can take advantage of the Active Trader account, which provides access to elite pricing, dedicated support, API trading, and market depth via Trading Station. worldtradex offers competitive trading fees, including low spreads of 0.6 pips on popular currency pairs like AUD/USD. The brokerage also cut its trading fees by up to 54% in 2022, bringing it in line with other low-cost forex brokers. It provides high-quality educational resources, unrestricted demo accounts, and user-friendly platforms to help beginners learn and improve their trading skills. Capitalise.ai also supports traders in developing algorithmic strategies with no coding skills. I like the six specialty trading platforms for advanced algorithmic traders, while Capitalise AI presents a market-leading approach offering traders a code-free environment to create automated trading solutions.

They cover various topics such as technical analysis, fundamental analysis, risk management, trading strategies, and more. The simulator also offers features like customizable trade sizes, various order types, and real-time charting tools to enhance the trading experience. While using the broker, we got low spreads from 0.6 pips on the AUD/USD and 0.9 pips on EUR/CHF.

Trading Restrictions

However, this is locked behind a paywall, so we can not give you further information on it. However, visiting these pages will show you that some are missing information while others are overviews of tools, indicators, and apps available through MT4. Also, the calendar and scanner are essentially just updated to events, and an online app allows you to see the price of any instrument you like. You will then be taken to the signup page, where you will need to fill in some personal information such as your name, surname, Email, base account currency, and platform. Here you will see the country you selected, and now you will also need to select the trading platform you wish to use.

worldtradex Account Types

This compares well to leading forex brokers, including Pepperstone and AvaTrade. Hello, I’ve recently been having problems with this broker, and it’s an experience I’ve never had with any other. That’s when the problem started, they told me that I couldn’t withdraw the money the same way I deposited it, only via wire. My bank canceled the transaction, I don’t know the status of my withdrawal, I’m trying to contact support, and what am I getting?

Non-Trading Fees

I have deposited almost a week now and they have requested 3 months bank statement which I have sent. Tried to make contact but I found Denis and a few others quite rude and unhelpful. Do not deposit if you are not prepared to fight for weeks to get that money back. For credit cards or debit card, there are no withdrawal fees, but third-party providers or banks may cost up to 40$. worldtradex has an online application form, which is the standard operating procedure. The deposit and withdrawal options offered by the St. Vincent and Grenadines subsidiary are the best, while others offer limited choices.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. 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).

worldtradex offers a ‘forex simulator’ that provides traders with a realistic and risk-free environment to practice their trading strategies. The simulator is designed to replicate live market conditions and allows traders to execute trades, monitor price movements, and analyze their performance without risking actual capital. worldtradex offers the “standard” tradable assets that most online top-tier brokers offer. That is to say; clients can trade forex, stocks, commodities, indices, and crypto all in the form of CFDs. Newer traders can access a wealth of educational resources, an unlimited demo account and reliable customer support, while algorithmic traders can take advantage of worldtradex’s automated trading software.

Demo Account

• Lastly is the “learn forex” page, where you will get a brief overview of what forex is.
• Multiple financial authorities regulate worldtradex, and typically, you will head to the broker’s website and then to the footer section, where these will be detailed.
• worldtradex does trail industry leaders when it comes to market access, but it remains a strong contender for both beginners and experienced traders.
• Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com.

worldtradex also offers 14 indices, covering major global markets and exchanges including US, European, British, Japanese and more as well as the VIX volatility index. These currency indices provide a more objective view of a currency’s performance by tracking it against a set of relevant currencies, such as those of key trading partners. These are good options if you want to reduce your risk exposure to a single currency. Since 2010, worldtradex has received 35 industry awards from well-respected sources. It confirms their commitment to continue investing and improving their trading environment and maintaining a competitive edge for its clients.

Lastly is the “learn forex” page, where you will get a brief overview of what forex is. There is nothing special about this page, and it barely covers the basics, if that. It is more of a platform tutorial showing users how to buy and sell using Trading Station.

I could not find any time limitations on these accounts which is excellent, making them ideal for testing algorithmic trading solutions and new strategies. I want to caution beginner traders against using a demo account as a full educational tool. It can create unrealistic trading expectations, and the absence of trading psychology negates the educational value. Although it can be helpful, new traders should complete their education with a real money account before becoming overly confident.

Number of Traders to Copy

Spanning all the way back to 2011, with their most recent award being received in https://worldtradex.club/ 2023. They have received everything from “best forex trading platform” to “best forex research team.”. When it comes to forex trading or foreign exchange trading, a multi-regulated broker holds more credibility and is more trustworthy.