worldtradex Review 2025 Trade with an award-winning CFD broker

worldtradex only offers MT4 on a mobile trading platform, but it is available for both Android and iOS. Each demo account imitates actual trading conditions and comes loaded with 100,000 of the base currency of your choosing. Demo accounts expire after three weeks of inactivity and cannot be reactivated. Most other brokers have demo accounts that don’t expire, so this is an unusual move on the part of the broker.

The chart screen is undeniably one of the most crucial features of a trading platform. It equips traders with essential tools and configurations to analyze price action and spot trading opportunities. Just as important is the ability to easily scale price action, allowing for a clearer and more detailed view of market movements. I tested the desktop version of the MetaTrader 4 platform, which features multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool.

Trading accounts can be opened in a generous range of currencies which are USD, EUR, GBP, AUD, JPY, BTC, PLN and CZK. The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. They could improve by adding some crypto payment options but that is not really a deal breaker from my perspective. You can buy and sell CFDs on spot commodities with best-of-market spreads and spot execution without having additional foreign exchange exposure. There are all of the major agriculture and energy commodities that you would expect to find with a top broker like worldtradex.

MOBILE

• Our receipt of such compensation shall not be construed as an endorsement or recommendation by FxScouts Group, nor shall it bias influence our reviews, analysis, and opinions.
• Additionally, traders can take their own customised version of the platform with them should they decide to migrate to another broker.
• worldtradex provides a rich collection of educational articles that delve into various aspects of trading.
• They offer a spread-free account, although it does charge a commission on each lot transacted instead.
• worldtradex’s trading tools are limited compared to what’s available at other brokers.

The trading process is automated which keeps manual intervention to a minimum and thus helps to maximise efficiency and effectiveness. The award-winning trading platforms available provide an automated risk-management system to ensure that client accounts will never go negative. worldtradex incorporate advanced order execution with a vast amount of liquidity from liquidity providers (LP’s), low fees and competitive spreads (from just 0 pips) and 24-hour multilingual customer support. Additionally, researching what the MT4 platform offers in terms of features and tools will help in making an informed decision.

Smooth mobile trading

UK traders can make deposits directly in pounds sterling (GBP), as well as in USD, EUR, AUD, JPY, CHF, PLN, RUB and HUF. Deposits made in different currencies are converted to the base currency of your trading account at prevailing exchange rates. AutoTrade lets you automatically “mirror” or copy another trader’s transactions who then gets paid a small part of the dealing spread. On the whole, other than the video material, blog content, and one downloadable e-book, worldtradex’s educational materials lack depth and provide only a sweeping overview of the basics of forex trading. Traders should note that worldtradex does not publish the list of deposit and withdrawal methods it supports – one has to register an account to find this information.

Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved.

Terms and conditions apply, and traders should review the bonus rules to understand any withdrawal requirements. Precious metals, such as gold and silver, are popular trading instruments for those seeking safe-haven assets during market volatility. worldtradex offers trading in both gold and silver, with competitive spreads and flexible leverage options. These instruments are available for trading on the MT4 platform, which provides advanced charting tools and real-time market analysis. Trading metals can serve as a diversification strategy and a way to hedge against currency fluctuations and inflation.

A reputable broker with an excellent set of tools

After reviewing the broker’s legal documents, I found everything to be in order. The Client Agreement is easily accessible on the website, with all relevant information presented clearly and in an easy-to-understand format. As such we may earn a commision when you make a purchase after following a link from our website. If you are interested in how we review, then read further to determine if the broker will satisfy your trading needs and whether it makes sense to open an account with them today.

worldtradex offers accounts denominated in GBP, which means that UK residents will not have to pay currency conversion fees. Where many brokers only offer a few accounts, worldtradex have a great range of different trading accounts to cater to the needs of many different styles of traders. There are accounts with floating spreads, fixed spreads, no commission and spreads starting from zero.

You can also access a network of other traders so you can review their past performance and copy their trades in your own account if you wish. The Sirix Social WebTrader software comes in a web version for desktops, as Worldtradex well as mobile apps for smartphones and tablets. It lets you execute CFD and forex trades easily, which then get reflected automatically on other platforms. FxScouts helps traders across the globe by meticulously testing and reviewing online brokers and providing Forex education and market analysis. While partners may pay to provide offers or be featured, they cannot pay to alter our recommendations, advice, ratings, or any other content. Our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

• As a trading platform, MT4 remains one of the most popular for its wide community support, trade execution speeds, charting tools, and customisability.
• Only verified trading accounts can make deposits or withdrawals, and the payment processor’s name must match the account holder’s name at worldtradex.
• It offers a range of safety features, including negative balance protection to shield traders from losses exceeding their deposits.
• worldtradex offers a loyalty program for active traders, where clients can earn points based on their trading volume.

Demo Accounts

There is also free VPS hosting and a visual representation of when the major markets are open. The worldtradex Research mobile app provides financial articles, real-time currency quotes, daily technical and fundamental commentaries, live economic calendar alerts, and daily market news. In the Middle East and Africa, worldtradex offers its services to traders in countries such as the United Arab Emirates, Saudi Arabia, Kuwait, Nigeria, South Africa, and Kenya. The broker provides specialized account options and customer support tailored to the preferences of traders in these regions. worldtradex’s competitive trading conditions and commitment to security make it a preferred choice for many traders across the Middle East and Africa. worldtradex has a strong presence in various Asian countries, including Malaysia, Thailand, Vietnam, Indonesia, Singapore, and the Philippines.

The final trading cost to consider at worldtradex is the swap rate charged on positions held overnight. In the case of Forex instruments, the amount charged depends on both the positions taken (i.e. long or short) and the rate differentials between the two currencies traded. worldtradex’s swap rates are published on its website for each financial instrument, and the exchange is automatically converted to the base currency of the trading account of the client.

A key advantage of trading CFDs is the ability to enter and exit the market almost instantly, enabling traders to capitalize on even minor price fluctuations in the derivative. However, its dated and rugged design is inferior to newer and sleeker platforms. As a trader who prioritizes flexible charts that are easily scalable, I find MT4’s charting capabilities too rigid and less effective.

Payment Options and Withdrawal Times

worldtradex is an award-winning global online trading broker that offers STP/ECN services to retail and institutional investors alike. You can trade a great selection of over 300 financial instruments with a wide variety of account types to choose from, spreads as low as 0.0 pips and support in over 30 languages. I think they can be a good choice for beginners as there are plenty of educational resources and free demo accounts so that you can practice trading online. The minimum deposit required to open an account is only $100 which is great when you consider the industry leading trading platforms and conditions they offer.

Explore the best Forex brokers for beginners in the UK with user-friendly platforms, educational resources, and demo accounts. As a trading platform, MT4 remains one of the most popular for its wide community support, trade execution speeds, charting tools, and customisability. Additionally, traders can take their own customised version of the platform with them should they decide to migrate to another broker. worldtradex offers a range of account funding and deposit methods, including local bank transfers, debit cards/credit cards, Bitcoin payments, and various eWallets. Deposits are free on all funding methods and are processed within 24 hours, which is around the industry average. However, it takes 48 hours on average for worldtradex to process withdrawals, which is longer than most other brokers.