Open a Standard account worldtradex Online Forex broker

Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations. worldtradex is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of worldtradex’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and https://worldtradex.world/ has been actively involved in the cryptocurrency market since 2017. Furthermore, worldtradex has a particular Telegram bot for customer support, which reflects the broker’s endeavor to keep up with the times and use modern communication methods.

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The secure and user-friendly back office handles all financial transactions for verified traders, and nine payment processors exist. The swift worldtradex online account application takes less than 30 seconds to complete and asks for a name, e-mail, phone number, and desired trading platform. I appreciate that worldtradex does not engage in unnecessary data mining as part of its registration process. MT4 remains the industry leader with 25,000+ custom indicators, plugins, and EAs, but the quality upgrades are not free.

Trading Platforms

The broker offers several communication channels to satisfy the needs of different clients. worldtradex provides an extensive set of tools and services useful for both novices and experienced traders. These platforms are ideally suited for Forex trading and are equally convenient for beginners and experienced traders. The commission for withdrawing funds depends on the payment system used. Withdrawal requests are processed 24 hours a day on business days. The program has five levels, calculated based on the trading volume over 30 days.

Opening an Account

The most ignored trading costs are swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check these before evaluating the total trading costs. worldtradex is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client. Verify My Trade and Autochartist company verifies and audits order execution monthly, which traders can access. It offers a perfect combination of convenience and functionality.

• worldtradex was established in 2007 and currently serves over a million clients worldwide.
• I like its focus on trading strategies, but I need critical educational material.
• Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
• The swift worldtradex online account application takes less than 30 seconds to complete and asks for a name, e-mail, phone number, and desired trading platform.
• Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-based ECN account.

In the overall AppStore rating, the worldtradex app received 4.9 out of 5 possible points, based on 847 reviews. This high rating confirms that the worldtradex app excellently combines functionality and ease of use, making it an indispensable tool for mobile trading. This is the latest version of the program, which is most user-friendly. Funds are credited instantly, except for bank transfers, which take up to 5 working days. Many readers have probably heard about another passive income type in Forex — PAMM accounts. worldtradex was established in 2007 and currently serves over a million clients worldwide.

Deposit and Withdrawal Commission

• Trading with a regulated broker will limit the potential for fraud and malpractice.
• MT4 remains the industry leader with 25,000+ custom indicators, plugins, and EAs, but the quality upgrades are not free.
• worldtradex has four account types, one being a dedicated cryptocurrency trading account.
• worldtradex does not charge additional commissions for withdrawing funds.
• worldtradex may ask for additional information on a case-by-case basis.
• In worldtradex, the minimum contributions for different types of accounts vary.

For identity verification, a national or international passport is usually used. A passport page with registration or a utility bill can confirm the address. The secure worldtradex back office handles all financial transactions for verified clients. worldtradex LTD is registered in Saint Vincent and the Grenadines with registration number BC 2015 and the relevant registry operated by the Financial Services Authority (FSA).

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I also like that worldtradex ensures traders operate from a trustworthy and secure trading environment. It offers a user-friendly platform, and demo accounts to help new traders get started. Yes, worldtradex offers ECN (Electronic Communication Network) accounts, providing direct market access with tight spreads and fast execution. worldtradex offers various trading assets, including currency pairs, metals, cryptocurrencies, bonds, commodities, and indices. Many traders are attracted to the opportunity to use high leverage and engage in scalping trading strategies.

To withdraw money from worldtradex, log in to your account, go to the withdrawal section, select your preferred withdrawal method, and follow the instructions. The company’s office is in the Cook Islands, where phone support is provided during working hours. worldtradex offers limited educational materials, which include a Blog and an FAQ (Frequently Asked Questions) section. Spreads vary depending on the account type and the chosen instrument.

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worldtradex’ execution qualityis confirmed by VMTand complies with bestexecution standards. To open an account with worldtradex, visit their website, fill out the registration form, verify your identity, and fund your account. The broker’s website publishes fresh analytics from worldtradex and Forex market news.