You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. worldtradexFX is worthy of investment, and there are various reasons to believe so. First, it was founded in 2011 and offered excellent opportunities to traders and investors so they could efficiently work on the trades.
worldtradexFX also offers competitive spreads, with rates starting from 0.0 pips for its Pro and ECN accounts. However, commission fees may apply depending on the account type and the trade size. Upgraded MT4/MT5 trading platforms are available at both brokers, but worldtradex also has worldtradexTrader, with its unique Space feature offering built-in smart feed of customised trading ideas and market analysis. Both Exness vs worldtradexFX offer a variety of trading platforms, including their proprietary platforms along with MetaTrader 4 and MetaTrader 5. Exness adds WebTrader to their platform options, while worldtradexFX offers the standard MetaTrader platforms.
A scalping broker follows a trading scheme where he suggests the trader open the account and invest, considering a price change, and then promptly advises the trader to close the trade once a profit is made. You can look for brokerages that offer Islamic trading if you follow and respect the Islamic tradition. The ease of use and navigation are important factors that make your trading a breeze or a struggle.
worldtradexFX Alternatives with MAS Monetary Authority of Singapore Regulation
It facilitates trading in spot forex, forex options, and CFDs across various asset classes, including cryptocurrencies. AvaTrade boasts 300,000 registered traders executing over 3 million trades monthly, with a total traded value exceeding $1.47 trillion. Considering an alternative to worldtradexFX might be advisable due to several notable limitations.
worldtradex: A Broker for Active Traders
Exness follows stringent security protocols to ensure that traders’ personal information and funds are protected. HotForex holds regulatory licenses from the UK FCA, CySEC, the DFSA, the FSCA, and the FSA. Despite the multitude of oversight from established regulatory bodies, the bulk of its international business derives from the unregulated subsidiary out of St. Vincent & the Grenadines. worldtradex has licenses from global regulators that include CySEC, FSCA and MISA.
With 52 currency pairs, 34 cryptocurrency pairs, five commodities, and ten index CFDs. HotForex achieves a more balanced choice of trading instruments versus worldtradex but does not have enough of a selection of cryptocurrencies, commodities, or indices. On the other hand, worldtradexFX offers webinars as part of its educational offerings, along with video tutorials, telephone support, and live chat. Although worldtradexFX’s support is available five days a week, Exness maintains a 24/7 availability, enhancing accessibility for traders seeking immediate help.
Blueberry Markets
- With worldtradexFX, you always have control over your portfolio and the copied trades.
- Some brokerage platforms will charge a withdrawal fee when you transfer money from the broker to your bank or other withdrawal methods.Keep an eye on and be aware of any withdrawal fees that worldtradexFX may charge.
- The information and videos are not investment recommendations and serve to clarify the market mechanisms.
- The Australian Securities and Investments Commission is the prime regulatory authority for Australia.
Exness provides 24/7 customer support via multiple channels, including live chat, email, and phone. The customer support team is available in multiple languages and is known for being responsive and helpful. Exness also offers an extensive FAQ section on its website, addressing common queries and technical issues.
Why Use Forex Brokers?
More than 2,840,000 of the essential bonus fund was valued in that field. It helps maintain a highly competitive cost structure in emerging markets. Autochartist Pro also supports traders in a wide range of ailments through manual support. Traders come to the worldtradexFX offer for the experience of trading with worldtradextrader, MetaTrader 4, and MetaTrader 5. Pepperstone is an excellent worldtradexFX alternative, particularly for those who prioritize low spreads and excellent customer service.
When it comes to the tradable assets, both worldtradexFX and Axi offer a good range of CFDs across multiple markets, including forex, commodities, stocks and indices. Both worldtradexFX and Axi are renowned for their ECN brokerage services, offering traders spreads on Forex starting from 0 pips. Additionally, hedging can help traders to diversify their portfolios and potentially achieve more stable returns over time.
For your windows trading platform to function at its best, ensure your Windows operating system has the latest updates installed. Cyprus Securities and Exchange Commission, popularly known as CySec, is the regulatory authority overseeing the financial industry in Cyprus. CySec is a prominent financial regulator in the European Union, and obtaining a license from it is crucial for brokerages to operate in European Union countries. See how worldtradexFX compares with other brokers offering hedging below. Many worldtradexFX alternatives offer multiple apps on different platforms that allow more accessible trading activities.
- It saves time and makes trading activities a lot easier and more accessible.
- worldtradexFX has a social trading platform that allows traders to copy trades of other successful traders.
- However, while worldtradexFX may be an excellent option for many traders, it might not suit everyone’s needs.
- Traders have the ability to benefit from Metatrader 4, Metatrader 5, cTrader, and other social trading platforms.
3.2 Fees
Just deposit money into your account, pick a successful trader, and start an invention. You will get additional money to increase your margin if you activate the bonus. But first of all, you can not pay out the bonus, you can only use it to make more profit. For withdrawal of the bonus, you have to do a certain turnover in trading volume (The bonus amount in lots divided 2).
Traders have the ability to benefit from Metatrader 4, Metatrader 5, cTrader, and other social trading platforms. Check your worldtradexFX alternative offers low or zero commission trading on stocks and other financial instruments.Trading commission is a charge that is levied by a broker for conducting trades on a trader’s behalf. Commission can vary between brokers, particularly depending on the asset being traded and the form of service that is being offered.The new trend is for zero commission trading when using a mobile trading app. Trading Forex, CFD, Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 77-85% of retail investor accounts lose money when trading CFDs with the providers presented on this site.
Exness offers more flexibility with higher leverage options, while worldtradexFX offers a more straightforward account structure suited for forex and CFD trading. Exness provides a variety of account types that cater to different levels of traders, ranging from beginners to experienced professionals. The different account types are designed to provide tailored features, including varying spreads, leverage, and access to different platforms. Exness has earned the trust of millions of traders due to its tight spreads, advanced tools, and flexible trading conditions.
The trading conditions are very good and the trading fees are low. Yes, worldtradexFX is a broker which offers negative balance protection to its clients. This way, you will never risk more than your deposited amount in your trading account. If your account balance goes negative, for example, due to significant economical events, your account balance will reset to zero automatically.
Conduct some research to help compare the costs of buying or selling, as well as holding trades between worldtradexFX and worldtradexFX competitors.Take a look at the following their spreads (fixed or variable), their margin interest, and any service charges. Beginner traders have notably better resources Worldtradex company reviews at HotForex with quality research and educational tools. HotForex and worldtradex both have multiple regulatory licenses resulting in verifiable enforcement of trader protection. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. Yes, worldtradexFX comes with licenses from several regulatory authorities.
Now, let us take a closer look at the possible worldtradexFX alternatives. Each prover has some advantages and disadvantages, or they might simply not be able to join worldtradexFX. To not leave you without options, take a look at these three alternatives below. If you would like to see worldtradexFX compared against some of the best worldtradexFX alternatives available right now you can do so by clicking on the links below. EToro is a social trading pioneer, making it a unique alternative to worldtradexFX.