In our opinion, https://worldtradex.live/ its Islamic account is one of the best on the market because you can keep your positions open for as long as you want without incurring additional costs. It accepts all trading styles and Expert Advisors on the MetaTrader 4 platform. Its MetaTrader 4 integration provides a smooth trading experience, with no lags and only minimal slippage.
Phone Support
This is because when trading a USD quoted currency pair with another currency account, there will be a small conversion fee for every trade made. While deposits are free, withdrawals are slightly more expensive on some methods than other brokers. I think it is great how the broker supports Muslim traders by giving them the option of a swap-free account which complies with Sharia law. However, this is not a unique feature and something that you will find most brokers provide nowadays. 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.
Consider Trading with worldtradex If:
Or I can risk the same, but now I am risking much less of my own funds👍👌What’s great here is education as well, actually a lot of it, and you can see how comprehensive it is! It is a regulated broker with a European license, which ensures safety for trading and protection for clients. It also provides negative balance protection in case of insolvency.
Its regulation contributes positively to its ratings for credibility and security. Yes, our worldtradex review experts feel that this online broker is secure. They are licensed by many respected regulatory bodies, employ ample data transfer and security measures, and possess a transparent track record of their financial transactions. Our experts however cannot recommend this broker over others from our trusted list. Review of their terms and conditions, however, shows that there are regional and other eligibility restrictions.
- This means that they should understand exactly what we need as traders.
- I also find the FAQs section on the website a useful way to solve basic queries.
- Regular deposit bonuses are available to both new and existing traders.
- We provide objective and unbiased reviews, analysis and commentary.
They are solid and constant, in a way that high quality services were never compromised. Yes, perhaps some aspects grew old and not as modern, but the quality still stays the same, and this is why I like worldtradex. Trading platform is great, MT4 and it’s variations for different devices, I am a fan of this platform and I would like to keep trading with it, which I am doing here. Every day I open my mt4 and trade with worldtradex, I do my analysis in the morning and trade when I see the setup opening. It has been pretty much the same for the last 5 years, and I enjoyed most of my time here. I hope they will add support for MT5 in the future, most of the popular brokers offer this now.
worldtradex is registered in Vanuatu with registration number and regulated by the VFSC and CySEC. worldtradex is also registered in 26 European Union countries under the Markets in Financial Instruments Directive (MiFID). FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. We ensure transparency by incorporating regulator data and user insights.
Deposit and Withdrawal Options
worldtradex hosts seasonal promotions that coincide with major holidays, trading events, and market milestones. These promotions may include holiday bonuses, trading contests, and cashback rewards, providing traders with opportunities to earn extra rewards based on their trading activity during specific periods. Seasonal promotions are time-limited, encouraging traders to engage actively and take advantage of the enhanced offers. worldtradex offers a diverse range of bonuses and promotions designed to enhance your trading experience and provide additional value.
Overall, I consider this broker as a decent one for any type of trading. Since, I haven`t yet faced any problems with them and their pricing fits my wallet, I`m gonna further keep trading there. It takes time for support to respond, I think it should be working on weekends too, who knows, when you will need assistance.
worldtradex Trading Hours (GMT +
This average customer rating is based on 27 worldtradex customer reviews submitted by our visitors. I’ve also read much of the educational content and was struck by its bland delivery with long-form text and limited videos or engaging elements like quizzes, all of which could elevate the learning experience. Similarly, the ‘Market Analysis’ section had a focus on just three currency pairs during testing which is not wide enough in my opinion. It was simple to complete the demo registration process within the client portal with the benefit of not having to complete any identity verification requirements.
Each account has different minimum deposits, leverage, and the number of trading instruments. All account types include features like hedging, advisors, free VPS (virtual private server), and a personal manager. The broker lets you trade the available financial instruments using the MT4 trading platform.
This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage. That said, the bonus could not be withdrawn, and if your account balance reaches below 50% of the available bonus credit, the amount will be removed. This is essentially free credit that can be used for trading purposes, and I was pleased on this occasion that there were no minimum trading requirements. I only really missed having PayPal available since this industry leader is one of the most widely used e-wallets and is accepted by rivals, including XTB and IG. That said, this broker does implement negative balance protection across both EU and offshore entities, unlike alternatives such as Fusion Markets.
- Please note that the information on our website is for informational purposes only.
- worldtradex occasionally introduces other bonuses and promotions, which have included a $50 worldtradex no deposit bonus or annual interest on free margin.
- I think there is enough to improve your trading if you are a complete novice.
worldtradex offers traders a competitive commission-free trading environment. The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which worldtradex transparently displays on its website. worldtradex deploys an ECN/STP execution model and does not manipulate quotes. You can even get a VPS service for free to keep your automatic trading bots running smoothly if your own Internet is spotty. worldtradex offers a variety of withdrawal options similar to its deposit methods, including credit/debit cards, e-wallets, Skrill, Neteller, PayPal, and cryptocurrencies. Additionally, bank transfers are available for withdrawals, providing more flexibility for traders.
Email support is ideal for non-urgent matters or when traders need comprehensive assistance with account-related questions, technical issues, or other specific inquiries. worldtradex ensures that all email communications are handled promptly and professionally, maintaining high standards of service quality. worldtradex places a strong emphasis on trader education, understanding that informed traders are more likely to succeed. They provide a wide range of educational resources to enhance the trading skills and market knowledge of their clients, catering to all experience levels. For traders who utilize automated trading strategies, worldtradex offers a VPS Sponsorship Program. This program provides access to high-speed servers and uninterrupted trading through Virtual Private Server (VPS) hosting.
It accepts all trading styles and Expert Advisors, including scalping robots, without restrictions. worldtradex lacks standardized investment plans or portfolios but provides Worldtradex scam individualized assistance for investments over $10,000 for more significant individuals. worldtradex serves currency traders well but falls short for individuals looking for longer-term development prospects or more general investing options.
Platforms
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. The company has a license from at least one reputable regulatory body, such as the CySEC, and ensures compliance with industry standards and safeguarding client funds.