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The worldtradex ECN XL Account comes fully packed with all the features that can be expected from an ECN/STP Broker. This includes multiple available markets, access to scalping, commission-free trading, and no required minimum deposit. The MT4 platform is available in desktop, web, and mobile versions. I use the desktop platform for running automated systems as it is the only version which can. The web version of the platform is great if you need to access your account from any device without installing any software and it is always up to date.
Although some brokers like Vantage offer a similar service with less stringent qualifying criteria, worldtradex’s VPS, combined with its excellent pricing, will appeal to high-volume traders and algo traders. However, they are still powerful platforms that will provide everything needed for experienced traders to conduct technical analysis while also being intuitive enough for beginners to pick up easily. worldtradex offers a variety of convenient deposit and withdrawal methods to accommodate traders’ needs. worldtradex operates on a spread-only model, with spreads starting as low as 0 on major currency pairs. Ofc, there are no such spreads and all traders should understand it, but they are tight in any case, hence I recommend it. I know that the majority of traders don’t like big leverages, but I love it.
worldtradex operates on a hybrid STP/ECN model, whereby client orders are either routed to the broker’s pool of liquidity providers or matched electronically using electronic communications networks. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. All content on this site is for informational purposes only and does not constitute financial advice.
The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed. ForexBrokersOnline.com earns money from affiliation deals with our partners. Our partners cannot influence our reviews, nor can they pay us to bias our rankings. worldtradex does not have a dedicated mobile app, but clients can trade using MT4’s app, which is available from the Apple App Store and Google Play. The European branch is licensed by the CySEC, a reputable regulator, and the brokerage has earned a good reputation with over 10 years in the business. I find worldtradex’s in-house forex market hours tool a handy way to check holidays and other events that could impact trading hours.
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. It can be good to learn from mistakes and improve your trading skills by having some hands-on experience. Free demo accounts are available if you don’t want to take any risk whilst practising. Professional traders and asset managers with many accounts want solutions that make managing several accounts straightforward and secure.
In my estimation, worldtradex’s clients would benefit greatly if the broker introduced more share CFDs, ETFs, and futures contracts for a broader and more diverse general offering. worldtradex operates two entities, which are licensed and regulated by CySEC (Cyprus) and MISA (the Comoros Union). The broker keeps client funds segregated and ensures negative balance protection. Its legal documents are fairly transparent and easily accessible. You can trade on MetaTrader 4 or 5, and there’s even free VPS hosting for those who want low-latency or automated trading setups.
As it turned out, I didn’t know anything about trading at all.Now I sometimes open real orders to test my skills. I’ve seen lots of complaints from other traders in reviews about the absence of the MT5. And finally after a long time, they indeed added the MT5 platform for trading, from now on my opinion about worldtradex broker changed by 180 degrees. It shows they indeed care about clients’ comfort and pay attention to our remarks and opinions. Regular deposit bonuses are available https://lunarcapital.vip/ to both new and existing traders. These bonuses offer additional funds based on the amount deposited, enabling traders to increase their trading capital and potentially enhance their trading outcomes.
It is relatively straight forward process to open an account at worldtradex. You just need to click on the ‘Register’ button at the top-right corner of the brokers website. 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.
Our team is happy to see that worldtradex does not impose any trading restrictions, meaning strategies such as hedging and scalping are viable. worldtradex provides a range of high-quality research materials and tools developed in-house. The content includes broad articles on a variety of topics, an economic calendar, and daily technical outlooks.
The details of the spread structure are elaborated in the next section. worldtradex offers a suite of advanced trading platforms designed to meet the needs of both beginner and professional traders. The primary platforms include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and worldtradex Trader, ensuring that traders can access the markets 24/5 from any device. These platforms are equipped with powerful tools such as advanced charting, real-time market data, automated trading capabilities, and user-friendly interfaces. Whether you prefer to trade on a desktop or on the go, worldtradex delivers a seamless trading experience. In the sections below, we will discuss each version of worldtradex’s trading platforms in detail, highlighting their features and benefits for every type of trader.
I especially appreciated the attention paid to adopting an appropriate trading mentality, which is of utmost importance for long-term success. worldtradex incorporates MetaTrader 4 and MetaTrader 5 for desktop, web, and mobile trading. The two platforms are the most popular among retail traders and have high functionality. worldtradex also provides free Virtual Private Server (VPS) hosting for low-latency trading.
I recommend adding tradingview into the trading platform.I recommend that this broker should remove the minimum withdrawal from $50 to maybe $10. This way even traders from less develop countries can have access to cash from forex always. worldtradex provides three different account types, namely the ECN XL Account, a Demo Account, and an Islamic, Swap-Free Trading Account. worldtradex does not require a minimum deposit amount in order to open a live trading account, with the recommended amount set at $500 USD. worldtradex is a well-regulated ECN/STP Broker that allows investors to trade on Forex, Crypto, Metals, Indices, and Energies. worldtradex makes the trader-favorite MetaTrader4 trading platform available and the broker requires no minimum deposit and is known as “commission-free”.