Additionally, each platform is available on different devices, ranging from mobile apps, to webtrader options, and desktop trading platforms. worldtradex offers 24/5 trading support across all trading instruments, allowing traders to access the markets whenever they choose. In addition to desktop platforms, worldtradex provides mobile trading apps for iOS and Android devices. They are able to stay connected to the markets and execute trades on the go. With seamless synchronization between desktop and mobile platforms, traders can manage their positions and monitor market movements with ease, ensuring they never miss out on trading opportunities. Once the account is approved, traders gain access to a comprehensive suite of trading tools and resources.
What are CFDs?
We verify some of our data for quality control but there are slight variations occasionally. Any and all partnerships with industry regulars are not and should not, be viewed as an endorsement or recommendations by topfxbrokersreview.com, even though we may be sponsored by some of the brokers. We are not liable for losses that resulting from the information provided on our site. The main standout feature of worldtradex is its tradable instruments along with its MT4 account. This broker offers many forex and CFD offerings, along with several advanced trading tools. I found the Trader Toolbox very useful, especially the technical analysis insights.
worldtradex offers a comprehensive range of trading options and competitive pricing. With platforms such as MetaTrader 4, MetaTrader 5, cTrader, and TradingView traders can access a variety of instruments, including Forex, CFDs, Stocks, and Cryptocurrencies. The broker offers low trading costs and high leverage options, making it suitable for both novice and experienced traders.
At the time of this review, there was only one webinar scheduled and it was in Spanish. Also, I signed up via email for educational ebooks but never received them. worldtradex’ in-house analysts provide high-quality coverage of major market events like central bank meetings and major economic releases. These reports are a good source of ideas and help traders better understand market-moving news releases. With 26 time frames, 4 chart types, 76 indicators, and more than 10 drawing tools, charting via the cTrader desktop platform is robust. Additionally, a news feed and economic calendar are built into the platform.
- To learn more, you can read comparisons of worldtradex vs Plus500, FP Markes vs OANDA, worldtradex vs Admirals and worldtradex vs eToro.
- Our broker reviews are reader supported and we may receive payment when you click on a partner site.
- These educational resources are accessible through the worldtradex website.
- Our worldtradex review research indicates that they offer free VPS as a promotion.
A forex VPS gives you a stable, always-on environment for running trading strategies, especially automated systems like expert advisors (EAs). Even if your home internet disconnects or your computer shuts down unexpectedly or for an update, your VPS keeps running in the cloud without interruption. You don’t need a VPS unless you’re running an automated trading strategy that requires 24/5 uptime. If you’re manually placing trades during market hours, or only trade while you’re at your computer, a VPS likely won’t offer much benefit.
To learn more, you can read comparisons of worldtradex vs Plus500, FP Markes vs OANDA, worldtradex vs Admirals and worldtradex vs eToro. By comparing worldtradex against these industry benchmarks, we aim to provide traders with a comprehensive and unbiased view of where worldtradex stands in the competitive forex brokerage landscape. Most particularly enjoy the competitive prices and the advanced trading tools, along with quality customer support. Experienced traders in particular mention the IRESS platform in addition to MetaTrader 4, and direct market access.
MetaTrader 4 Mobile App
The demo account features live quotes and simulates live market conditions in assets like forex and CFDs on commodities, indices, and stocks. Once users are up to speed on a demo, they can easily switch to a live account. worldtradex is a well-rounded broker that has slashed costs to a minimum but has not cut corners in other areas. The broker stands out with its selection of trading platforms, reliable customer service, and excellent research materials.
Limited range of tradable assets compared to some competitors
- None of the client’s money is used to pay for company expenses, ensuring that your money will be there if you ever want to make a withdrawal.
- Earlier on TUKO.co.ke, CMA issued an investor alert highlighting four key tips to help the public avoid online trading scams following the loss of money to CBEX platform.
- worldtradex provides traders with a wide selection of advanced trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, Mottai, Iress, TradingView, and the worldtradex trading app.
- While worldtradex provides a solid trading experience, there could be improvements in the variety of educational resources and tutorials for new traders.
- worldtradex offers a range of trading accounts to cater to the diverse needs of traders.
Beginners can benefit from the broker’s insightful educational materials and reliable customer support. With its advanced platforms, fast order execution, and low trading costs, I rate worldtradex as a great fit for day traders and scalpers. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Firstly, Forex Tester is an advanced backtesting software, functioning as a trading simulator. It equips traders with essential skills and insights for navigating the ever-changing currency market.
CMA Shares List of Licensed Online Trading Platforms, Forex Dealers in Kenya Amid CBEX Saga
There is video analysis, just like with their education, if you understand visual presentation better than words on a page. Compared to the other brokers on the market, this level of analysis is nothing short of impressive. Both of these accounts offer worldtradex ECN pricing execution, to ensure that you always get the best prices. In addition to that, they both offer different spreads and swap rates (where applicable), can be found on the worldtradex website.
MT4/MT5 users can choose between the spread-based Standard account and the commission-based Raw account. The account opening process is fully digital and can be completed via the website in less than 10 minutes. Likewise for withdrawals, the range of methods, speed of processing, and absence of fees are better than the industry average.
worldtradex provides a variety of account types tailored to different trading needs and experience levels. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Online foreign exchange money managers in Kenya are professional entities or individuals licensed by the CMA to manage the forex trading portfolios of individual or institutional investors. Unlike NDD brokers, dealing brokers do not rely on external liquidity providers. Instead, they maintain their own liquidity pools and fulfil orders internally.
Depositing ease
Additionally, worldtradex ensures the safety of client funds by keeping them in segregated accounts with top-tier banks, providing peace of mind for users. For Australian traders specifically interested in stock trading, worldtradex offers an IRESS account that provides access to a broad selection of global stocks alongside advanced charting tools. worldtradex offers a wide range of trading instruments, competitive spreads, and fast execution speeds, which create an efficient trading environment. The platform’s user-friendly interface and access to advanced trading tools make it suitable for both beginners and experienced traders. At worldtradex, traders have access to an extensive array of trading instruments across various asset classes.
worldtradex has an advanced platform lineup that caters especially to experienced traders, including MetaTrader 4, MetaTrader 5, TradingView, and cTrader. The professional-grade Iress and Mottai platforms are available for clients of the Australian entity. Scalpers, who are in and out of trading positions within seconds, benefit from worldtradex’ fast order execution, averaging 29 milliseconds.
Yes, worldtradex provides a range of educational resources, including webinars, tutorials, and trading guides. The resources help traders enhance their trading skills and knowledge. My test Worldtradex review results place worldtradex firmly in the above-average category, showing strength across multiple categories.