The broker is authorized by the Seychelles ‘s Fin authority and overall strives to keep Ur account secure and safe. I feel cared for and this is a great sign of a legitimate company that you entrust your finances to. Your account should reflect your goals, needs, and ambitions on the market. You should take into consideration several factors, such as whether the account type has a minimum deposit requirement, its spreads and commissions, the execution method, and more.

At worldtradex, there are multiple account types and deposit methods to suit everyone’s needs. Although traders can only trade 9 currency pairs in forex options, the spot forex market provides access to 80 currency pairs, including majors, minors, and exotics. A trading platform is computer software that online traders and investors can use to trade the global markets with a broker or other financial intermediary. It does not have exclusive features but can carry out smooth trades. The platform has a decent range of assets available with commission-free trading. The trading platform is well equipped with trading platforms such as the MT4 and the webtrader.

Consequently, CFDs provide more flexibility in reacting to market changes. The bar at the bottom of your screen is the Trading Terminal, and in general, all your account data will be situated here. In the trading tab, which is the default, you’ll see your open and pending orders. To terminate an order, press the X on the right-hand side or right-click it and press Close Order. One-click trading is extremely useful for high-precision strategies. You can add or remove the one-click trading buttons from a chart by right-clicking it and pressing One Click Trading, or via the alt + T hotkey.

worldtradex is still a relatively new broker, having been established just a couple of years ago. Hence, the company is still working on developing a strong brand name that is trusted internationally. It is currently licensed and regulated by a single regulatory body – the FSA of Seychelles, which requires brokers to ensure segregated funds and negative balance protection.

• We disclose any potential conflicts of interest and maintain objectivity throughout our review process.
• The Show All button is intuitive and adds all available assets to the watchlist, and the Symbols button lets you handpick what to add.
• worldtradex offers demo accounts that introduce traders to the broker’s services and allow them to tweak their strategies in a risk-free environment.
• worldtradex offers excellent trading conditions and a variety of tools for traders.
• The one thing that MT4 is quite suitable for is automated trading because it is not dependent on the execution of precise technical analysis.

Traders must submit their name, e-mail, country of residence, mobile number, and date of birth. It also includes the account selection process, which I find convenient. I recommend beginners start with the worldtradex video lessons before funding a worldtradex account. I also urge beginners to seek in-depth education from third parties to deepen their foundation and avoid paid-for courses. Well, reasonably, what you would want on top of that is for your broker to be reliable and take care of safety of your funds.

Compare the worldtradex account types

worldtradex offers a versatile choice of spreads, which can cater to the distinct preferences of both novice and professional traders. Traders can select between fixed spreads and flexible (floating) spreads, each with its own set of advantages and considerations. Start by becoming familiar with what CFDs are and how they work.

Our Cent account is similar to our Live accounts, with the only difference that dollars are denominated in cents. For example, if you deposit $100, this will be converted and added to the Cent account as 10,000 cents. Trading on the Cent account is a great way to start trading if you are a beginner.

Range of Assets

This fee is usually a fixed amount, around $10 to $15 per month, and is deducted until the account is reactivated through trading or becomes depleted. This policy encourages traders to maintain regular activity in their accounts but could be a drawback for those who trade less frequently or take extended breaks from trading. We’re glad to hear you’ve had a good experience using our platform. We pride ourselves on being able to offer a wide variety of assets to trade, and we’re happy that you’ve been able to take advantage of that. I am a fan of the cent account, on which dollars are denominated in cents.

• It is regulated locally by the Financial Services Authority (FSA) of Seychelles and adheres to some of the main safety requirements in the trading industry.
• Furthermore, worldtradex is known for its competitive pricing structure, featuring tight spreads, low commissions, and minimal trading fees.
• This commitment to ongoing accuracy allows us to provide our readers with the most current and relevant information available.
• This means there are no recurring costs for simply having an account with worldtradex, regardless of your trading activity level.
• Learning to properly apply visual indicators to charts is a crucial part of MT4 trading.

Accounts Comparison

The broker operates on a Straight-Through-Processing (STP) basis without a dealing desk. Order requests are transmitted to the interbank level, where worldtradex’s liquidity providers fill them. As long as there is enough liquidity in the market, all order requests will be filled at varying speeds.

One of the features of CFDs is leverage, where traders can take on larger positions with smaller initial capital. While profits and losses are based on the total trade size and not the margin amount, losses can exceed the deposited amount, even though this can potentially increase potential returns. Although delivered from the same spot currency pair, FX options may be quite different from one another.

worldtradex Instruments Summary

Consider reading this worldtradex blog in fact which explores some of the world’s most popular books on trading to widen your scope of knowledge, especially if you’re an avid reader. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. Account verification is mandatory, as worldtradex is a regulated broker with FSA oversight and must comply with strict AML/KYC requirements.

Does worldtradex offer demo trading?

I also appreciated the vast amount of over 150 written articles that are available from worldtradex’s blog section of the website. Traders also have access to the broker’s four educational e-books. I conducted my test on 18 December at around 9.50 am CET via live chat. I requested additional information about worldtradex’s execution model, average execution speed, https://worldtradex.blog/ and general trading conditions.

Read below the full T4 trade review to find out whether the platform is a scam or not. worldtradex accepts traders resident in many countries, however it is not targeted at residents of the EU where it is not licensed. worldtradex does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria, and North Korea.

MetaTrader 4 (MT4) is by far the most prominent trading software for forex and CFD brokers. As such, someone who wants to learn forex or CFD trading stands to gain a lot. Specifically, they can benefit by learning to use the MetaTrader 4 platform. It’s vital that you remember however that leverage is highly volatile and comes with considerable risk, particularly in terms of unanticipated capital losses. Exercise caution and be mindful of your budget as well as the level of risk you’re willing to incur.

Investors can have confidence that their funds are protected and that the broker is subject to oversight to prevent malpractice. Whether you earn or lose from a CFD forex trade depends on multiplying the amount of your position, which is the number of contracts, by the value of one contract. Then multiply that result by the difference in points between the entry and exit points of the trade. For example, when trading EUR/USD, the broker calculates the profit and loss in USD. As a result, any changes in the exchange rate Worldtradex courses scam impact the USD value. This allows them to speculate on both upward and downward price movements.

With a spread as low as 0.03 the account offers more than 350 trading assets CFDs. Traders can take advantage of features like news alerts, webinars and videos, and an educational hub to know more about the market. The platinum account also offers an account manager for customer assistance and support. FxBrokerReviews.org – T4 trade is a young forex broker in the market that has recently gained popularity amongst traders. Despite being new in the market the platform is performing quite well as compared to other trading platforms. T4 Trade offers a wide range of assets, forex pairs, and CFDs to trade from.