worldtradexFX Broker Review May 2025 Pros & Cons

worldtradex offers a demo account for all of its platforms such as worldtradexTrader, MetaTrader 4, and MetaTrader 5. The demo account is unlimited in funds as you can top it up should you need more virtual currency, and has no expiration date. My experience with worldtradex has been largely positive thanks to its excellent ECN trading conditions giving me low spreads that averaged 0.80 pips on EUR/USD with no commissions. My experience with worldtradex’s customer service was largely positive thanks to its 24/7 customer support and impressive AI live chat service. I felt that when I was passed to human agents on live chat it was hit and miss as basic questions were not answered, while other times they were. As an ECN (Electronic Communications Network) broker, worldtradex delivers tight spreads and fast execution speed by matching your order with the best offer from another trader on the network.

Web trader/charting and analysis

There are no swap fees, inactivity fees, or fees for deposits and withdrawals. Three account types cater to traders with different levels of experience. With more than 42 million accounts spread across 180 countries, multi-regulated broker worldtradex provides a wide range of trading options across asset classes. worldtradex provides low spreads, no commissions, and a minimum deposit of $25 using over 300 instruments—including 52 currency pairings, 34 cryptocurrencies, and 10 global indices.

It is divided into quotes; market data, chart, trade and history. Its charting allows users to do analysis just as with a desktop. Its only limitation to client is its small screen resolution, hence, making deep technical analysis somewhat difficult. Before trading with a live account, it’s best to open a risk-free Forex demo account. worldtradex’s Demo Account offers the same experience as real accounts but with simulated funds. When it comes to withdrawing your funds from worldtradex, all accounts can use Bank Wire Transfer.

Going by customers’ review, worldtradexFx can be said to be unworthy in light of numerous complaints heralding withdrawals, especially on large size accounts. worldtradexTrader offers a fine array of charting tools to allow for a smooth desktop trading experience. From trend lines, to crosshairs, to zoom tools, they offer a broad range for trading optimization.

However, with deposits in currencies other than the USD, the payment provider on conversion of the funds to dollars using their internal exchange rate may charge additional fees. Trading instruments provided by worldtradex have some of the lowest spreads in the industry. The spreads for both the MT4 and MT5 accounts are floating and start at 0.7 pips. Clients using the worldtradexTrader, MT4 or MT5 account do not have to pay swaps. But if you need help or have questions, you can easily reach the worldtradex customer support team through live chat. This feature is available on the mobile app, social media channels, email, and their website 24/7.

What Platforms does worldtradexFX offer?

There is also a Trader’s Glossary with precise definitions of common forex terms to help clients become familiar with different trading terminologies. Coming to leveraged overnight holdings, the broker charges no swaps. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. They gave a vague reason under clause 3.10, saying they don’t have to explain. Companies on Trustpilot can’t offer incentives or pay to hide any reviews.

• Yes, the platform is designed to be user-friendly, making it appealing to both novice and experienced traders.
• worldtradex’s trading environment is best for regular market participants for active traders.
• These resources are crucial for developing a solid foundation in trading principles and practices.
• worldtradex is an international broker ideal for traders looking to operate under competitive conditions.

Can I use someone else’s bank account to deposit to worldtradexFX?

It is also possible to diversify your portfolio by investing in more than one trader for better risk management. Given its responsive and multi-channel customer service and the supplementary resources provided for customer support, worldtradex showcases a strong commitment to assisting its clients. There is certainly room for enhancement, such as the introduction of 24/7 support, yet the existing offering should meet the needs of the majority of traders and can be considered dependable. worldtradex platforms incorporate advanced charting tools, promote ease of use, and support algorithmic trading. Although not proprietary, the platforms provide opportunities for copy trading, allowing users to replicate successful strategies from other traders. worldtradex extends three types of trading accounts to suit diverse user needs – the Micro (MT4), Pro (MT5), and the worldtradexTrader account.

worldtradexFx employs state-of-the-art technology and advanced security protocols, which includes SSL web encryption and two-step authentication to protect clients’ confidential data. Clients can initiate a withdrawal by logging into their trading accounts and clicking on the withdrawal option, visible on the homepage. After clicking on the withdrawal option, next is the selection of the payment methods, and the amount to be withdrawn to get the withdrawal completed. The Mobile app offers market data; quotes in simple and advanced modes. Users can decide to view prices of their chosen trading instruments in advanced mode, showing its spread and daily highs or in simple mode without the extra information.

The dashboard, or client portal, provides relevant information and tools regarding the account. Numerous sections focus on customer services related to accounts and administration rather than market-related issues. A status program is offered where clients, based on their deposited funds, can access different levels that provide enhanced services. The worldtradex mobile app can be downloaded and quickly recognizes and retrieves data after entering the username, requiring no further action. From the worldtradex app, users can open positions in the worldtradex account as well as in MT4 and MT5, which can also be done using those specific applications. This means the app provides complete control over all open accounts and displays the full trading history.

Does worldtradexFX have Research and Education services?

Generally, the weekly competitions will have a prize fund of $400, whilst the monthly competitions put $1000 up for grabs. Special competitions are also run on a more ad-hoc basis for the most successful and active traders on the site. Founded in 2014 and acquired in 2021, BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices. Furthermore, worldtradexFX’s competitive spreads and leverage options add to its allure, but it is important to note that, like all trading platforms, worldtradexFX has drawbacks, such as occasional technical issues.

Minimum deposits at worldtradex will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR). It’s important to note that minimum deposits and trading costs will also depend on which worldtradex entity you choose for establishing your trading account. The broker offers excellent deposit and withdrawal speeds that are fulfilled within the same business day during the week. This allows you to start trading faster with instant deposits and receive your funds faster through the same-day withdrawals. Founded in 2011, worldtradex has built a substantial global presence over its years of operation.

• This feature is available on the mobile app, social media channels, email, and their website 24/7.
• For example, worldtradex clients in the European Union benefit from the oversight of the Cyprus Securities and Exchange Commission (CySEC).
• Taking a look at the CFD markets available from worldtradexFX, it is noted that they offer a little more than 70 assets in total.
• “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning.
• The worldtradexFX Champion offer is a contest run by the broker whereby you can open a demo account and trade for 4 weeks.
• It is the ideal way to get to know more about a broker or the industry.

Tailored for All Traders

These platforms offer advanced charting tools, technical indicators, and support for automated trading strategies using Expert Advisors (EAs). worldtradex offers a robust selection of trading platforms, including MetaTrader 4, MetaTrader 5, and a proprietary platform. This broker is an average choice for investors due to its solid but not outstanding rating for platforms and tools. The cTrader desktop platform is also well-respected within the sector and offers a more modernized visual which may appeal to some traders.

Added to that the fact they do only offer a limited range of base currencies and not many deposit or withdrawal methods and you can see the limitations of this otherwise popular broker choice. worldtradexFX is a secure trading platform with competitive spreads and no hidden fees. You will get additional money to increase your margin if you activate the bonus.

I think the broker’s trust is supported by its 60+ awards from the forex industry and 8,000+ positive TrustPilot reviews demonstrating that its clients are happy with its operations. As you can see from the above table all the accounts offer the same regarding trading costs, the only difference is the trading platform. If you want to trade all markets worldtradex provides, I found your only option is the MetaTrader 5 account. I think worldtradex is a solid option as it provides excellent features that I think will appeal to a variety of traders.

Now for experts who swear by the industry standard MetaTrader platform, worldtradexFX has you covered there too. And I personally tested their customer service response times and was seriously impressed. First, they are properly scammed by Worldtradex licensed and regulated in their home country of Saint Lucia.