We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Whilst we try to keep information accurate and up to date, things can change without notice and therefore you should do your own research. You just need to click on the ‘Register’ button at the top-right corner of the brokers website.

Start with a Risk-Free Demo Trading Account

• With the worldtradex MT4 trading arsenal at your disposal, all your energy can be channelled into implementing your trading strategies, secure in the knowledge that the suite of tools in MT4 are there to back you up.
• “ECN” stands for “electronic communications network” and “STP” stands for “straight through processing”.
• The platform allows orders to be placed in a variety of ways, including trading directly from charts.

Additionally, worldtradex provides educational resources, including webinars and tutorials, to support traders at all levels in enhancing their trading skills. Whether you are facing technical issues, account-related queries, or need help with your trading platform, worldtradex’s support team is prepared to assist promptly. While the broker does not offer phone support or automated bots, the availability of live chat and email ensures that most issues can be resolved quickly and effectively. This customer-centric approach makes worldtradex a solid choice for traders who prioritize responsive and professional support. As a broker regulated by CySEC, MiFID, and MISA, it complies with stringent industry standards to protect traders. worldtradex utilizes two-factor authentication (2FA) to prevent fraud and secure accounts, adding an essential layer of protection for all users.

The broker can accept clients from most countries but does not provide services for United States residents and/or citizens. If you reside in the USA, you can take a look at some other options from our best USA brokers. Dealing desk and market making brokers often provide fixed spreads, an indication that the spreads quoted are not from a true, efficient and organic marketplace. For example, the spreads quoted could be adjusted to match the broker’s own exposure to markets, determined by the volume of trade the broker is experiencing at any given time. Security is a paramount concern for traders, and worldtradex addresses this with a commitment to maintaining a secure trading environment.

Whether you are a beginner looking for a low-cost entry into the forex market or a professional trader seeking competitive conditions, worldtradex’s ECN XL account provides a solid, flexible option. worldtradex’s ECN/STP model provides professionals, active traders, hedge fund managers and corporate clients with access to real time streaming and competitive prices directly from leading multibank liquidity providers. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 86% of retail investor accounts lose money when trading CFDs with this provider.

“ECN” stands for “electronic communications network” and “STP” stands for “straight through processing”. ECN brokers execute by matching client orders and STP brokers execute by passing client orders directly to an external liquidity provider, with no dealer intervention and no re-quotes. This means that you can get your trades execute at the best available prices from the brokers liquidity providers without any interference from the broker itself. I prefer this model as it helps to eliminate any conflict of interest between my trades and the broker, ensuring that all my orders are executed in a truly competitive and transparent method. On the contrary, a market maker broker can take the opposite side of your position which means they can mark-up prices which I don’t think gives a level playing field.

They also do not have frequently updated market analysis which could help gives us some further market insights. If you are just getting started on your trading journey and need guidance along the way, Fortrade is a broker with lots of educational resources. But it’s worth mentioning here that past performance never promises a profitable future. Keeping that in mind, you need to do proper research before selecting and investing in anyone else’s trades. I actually prefer to take control of my own trading as I like to be responsible for my decisions.

While the broker does not boast an extensive educational library, it offers enough material to assist traders in improving their technical and fundamental analysis skills. worldtradex offers a single yet versatile account type – the ECN XL account, designed to cater to both beginners and professionals. This account features spreads starting from 0 with no trading commissions, providing a cost-effective trading environment. One of the standout benefits of worldtradex is the absence of a minimum deposit requirement, allowing traders to start with any amount that suits their needs. MetaTrader 4 is one of the most popular forex trading platforms in the world today. All the necessary trading tools and resources are on hand to allow traders to conduct research and analysis, enter and exit trades and even use third-party automated trading software (Expert Advisors or EA’s).

worldtradex offers a variety of convenient deposit and withdrawal methods to accommodate traders’ needs. worldtradex does not impose any minimum deposit requirements, allowing traders to begin with as little or as much as they are comfortable with. Start trading with No commissions, No swaps, and tight interbank spreads starting from as low as zero. Trading Brokers Trading Brokers Worldtradex forex brokers reviews is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for.

Support

The broker provides the MetaFx MAM (Multi Account Manager) software to multiple account traders and money managers. MAM provides major benefits over competing platforms such as MetaTrader Multi Terminal. Each and every trade clients place is matched in an electronic configured network (ECN), through a straight through processing (STP) method.

• worldtradex offers reliable customer support to assist traders with any questions or issues they may encounter.
• The broker provides live chat and email support, ensuring that help is readily available.
• Whether you’re a beginner exploring the markets or an experienced trader looking for advanced features, worldtradex’s offerings cater to a wide range of trading needs, making it a broker worth considering in your forex journey.
• This means that you can get your trades execute at the best available prices from the brokers liquidity providers without any interference from the broker itself.
• Overall, worldtradex is a multi-asset brokerage firm that gives you access to trade over 200 financial instruments via the popular MT4 trading platform.
• Once these steps are completed, traders can access their account and begin trading immediately.

Having high levels of experience and knowledge, we are ideally placed to understand our clients needs and to support traders in achieving their ambitions and investment goals. By providing a unique suite of resources, a VIP level of services, combined with world-class support 24/5, our low cost trading environment provides the ideal base to succeed. Whether your new or an experienced trader, a risk free demo account is a great way to experience the benefits of ECN trading with worldtradex. Practice your forex trading skills or test new strategies with zero investment. Whether your new or an experienced trader, a risk-free demo account is a great way to experience the benefits of ECN trading with worldtradex. You can practice your forex trading skills or test new strategies without making a financial commitment.

They can provide answers to all of your general, technical, and account-related inquiries. The support team can be reached via telephone, email, live chat, online form, and social media. However, the broker does not offer any other platforms such as MetaTrader 5 (MT5), cTrader, or an in-house proprietary platform. After MT4, I would prefer MT5 as the second choice because of its additional features including more timeframes and built-in tools. If you are looking for more platforms, then RoboForex could be an option for you as they have a good selection.

Trading Forex

I am personally satisfied with this brokers regulation and wouldn’t have any problem using them for my trading. If you would prefer some more top-tier regulators, then you might want to consider City Index as an alternative option. I like how the company is comprised of a dedicated team of professionals with extensive experience in the financial industry. Trading forex offers up unlimited opportunities to access and trade the financial markets. Traders can access assistance via live chat, email, or phone, ensuring prompt resolution of queries.

Forex Trading Account Types

If you would like access to these industry leading signal generating tools, then GO Markets provide both. That being said, I think MT4 should have more than enough tools for most of you, especially if you are just looking to follow market prices and place or manage trades with minimal fuss. The MetaTrader 4 Multi Terminal is a component of the MT4 package that was designed to enable money managers and professional forex traders to handle many forex trading accounts at the same time.

Opening an account with worldtradex is a straightforward process designed to get traders started quickly. worldtradex operates on a spread-only model, with spreads starting as low as 0 on major currency pairs. MetaTrader 4 includes a whole range of easy-to-understand functions, so it only takes a few minutes to get comfortable with all the different options available to you as a trader. The platform has a built-in “Help” function so you can get answers to the most common questions directly from within the software itself, so you can concentrate on the important stuff – trading. Your review can make a difference to other traders, please leave a comment if you have any personal experience with worldtradex. MetaTrader 4 includes all the trading functions the modern forex trader needs.

There main objective is to empower clients with all the tools they require, to develop their skills, whilst enjoying an unrivalled trading experience, during every step of their journey. Forex Broker Guru is a dedicated website that offers in-depth and detailed reviews of various brokers in the forex market. Our platform provides comprehensive insights into the performance, features, and reliability of different forex brokers. Count on Forex Broker Guru to bring clarity to the world of forex brokers and elevate your trading experience. worldtradex provides access to the widely popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for its reliability and advanced trading features.

You will be required to fill in the account application form with your details and may be asked to provide some KYC documents in order to verify your account. This is pretty standard procedure when dealing with a regulated broker as they must follow AML policies. I like how the process is all done online and shouldn’t take you more than a few minutes to complete.

Copy trading is helpful for you if you don’t want to scan the markets for trades yourself because you don’t have the time or knowledge to do so. Instead, you can select a professional trader with a solid track record and start copying trades in return for a small commission to the manager. According to BIS (the bank for international settlements) the FX market is responsible for circa $6.6 trillion of turnover each trading day. The major international banks and financial institutions are responsible for the majority of this turnover.