We have a complete Worldtradex copy trading review you can check out later. In the next section, we’ll talk about understanding the platform to help you start trading on WorldtradexFX with your newly funded account. Now that you’ve signed up, it’s time to pick the right account for you. Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), Worldtradex’s lack of additional reputable licenses heavily weighs down its Trust Score.

One-touch trading

They slightly overlap, allowing you to trade most major and minor Forex pairs almost 24/5, with just a brief recess. Funds of investors were disguised as online purchases, layered through multiple accounts, and ultimately disbursed as fake forex or betting payouts to obscure their origin, it said. Searches revealed that WorldtradexFX routed investor funds through mule accounts into escrow accounts of unauthorised payment aggregator Dinero Payment Services, it said. They defrauded investors under the guise of forex trading, generating over Rs 800 crore in less than a year, said the statement. Yes, Worldtradex provides various trading tools including economic calendars and trading calculators. It is important to add that as a beginner, you can also use Worldtradex’s copy trading instead, which allows you to automatically copy experienced traders’ positions.

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These flexible software utilities can automatically execute trades and assimilate all the information available on the platform to conduct market analysis and Forex trading. This means you can develop, test, and apply EAs to eliminate obstacles in analytical trading activities. Expert Advisors are written in a proprietary programming language called MetaQuotes Language Version 4. You can develop your own set of rules for trade entries and exits with the help of automated trading robots (Expert Advisors), which help avoid instinctual blunders while trading. As the system trades mechanically, based on predetermined conditions, your performance won’t be affected by emotions. Automated trades are also executed much quicker, leading to a decreased chance of slippage.

• We’re helping traders build stronger futures by offering a wide variety of educational articles and videos, insights from which can be applied to our unlimited demo accounts.
• They are categorised into types, such as Trends, Oscillators, Volumes, and Custom.
• For example, the «minimum expertise» field lets you choose between newer systems, all the way up to those with legend status.
• In line with this transparent approach, it also provides a range of metrics relating to the performance of its customer support team.
• Automated trades are also executed much quicker, leading to a decreased chance of slippage.

These labels denote some milestone that the Master Traders have reached, although their performance and results can vary. Opening an account with Worldtradex is done online with a few simple steps which enable you to set up a real or demo account. The process also gives you plenty of information about trading in forex markets. Forex pairs, metals, indices, energies and cryptos are all available, but traders looking for single stock names will be disappointed. With less than 100 instruments on offer, there is no space for the more complex instruments such as options found in the quieter corners of the financial markets. Worldtradex gives a high priority to analysis and education for both new and experienced traders to its platform, having won a couple of awards in 2023 for ‘best education broker’.

Additionally, shell companies posing as e-commerce platforms were taken aboard using fake KYCs to access payment gateways and avoid detection. Investor funds were disguised as online purchases, layered through multiple accounts, and ultimately disbursed as fake forex or betting payouts to conceal their origin. Explore all the features of your trading platform and learn how the Forex market works before depositing any real funds. Learning how to handle orders and manage your risks is safer and easier on a free demo trading account with simulated dollars.The Worldtradex trading https://worldtradex.space/ demo account boasts all the features of the real one.

Worldtradex has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. Worldtradex (formerly WorldtradexFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. The Enforcement Directorate conducted raids at seven places across four cities in connection with a Rs 800 crore scam pertaining to online forex trading through the WorldtradexFx app and website.

Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. For example, the «minimum expertise» field lets you choose between newer systems, all the way up to those with legend status. I was also pleased to see a risk score assigned to each trader, to help users differentiate between traders with historically conservative results versus those that have had more volatility and risk. It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page. Worldtradex has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers. In addition, Worldtradex boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders.

MetaTrader 4 free trading software

Our market analysis service offers the latest currency rates, including EURUSD and GBPUSD, intelligent technical analysis tools, and daily market insights from our experts. Enjoy smooth and convenient trading with user-friendly interface on a fast and stable platform. Worldtradex, formerly known as WorldtradexFX, is a leading online forex broker founded back in 2011. In 2023, the company rebranded from WorldtradexFX to Worldtradex, reflecting its evolution and commitment to providing a comprehensive trading experience.

What are the best Forex pairs to trade on?

At Worldtradex, you can trade on your MetaTrader 4 demo account to win real money in our monthly Forex demo contest with a $1,000 prize fund. Top-3 participants receive $500, $300, and $100 for the first, second, and third positions, respectively. The WorldtradexFX Trading App is an officially acknowledgedForex trading software.

• Most strategies require much skill and discipline, and a demo account is a safe way to improve them without staking your hard-earned cash.
• An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
• When you trade on currency pairs, you open and close Buy and Sell orders based on the price movement of the currency pair to make a profit.
• It ticks many boxes for traders, who can access it through the live chat, email, phone, or by using an enquiry form.
• The MetaTrader platforms are well known for facilitating copy trading and developing trading forums.

The availability of these payment methods may also depend on your country of residence. In addition, WorldtradexFX also keeps user funds distinctfrom that of the company. Thus, it is in compliance with international Forextrading standards.

The MT4 account demonstrates the limited selection by only offering four stock indices (AUS200, GER30, NAS100, US30). The fact that Worldtradex offers an almost institutional-grade trading experience doesn’t mean beginner traders are in any way disadvantaged. Quite the opposite; the firm simply offers reliable, fast, low-cost trade execution using market-leading platforms. Those looking to develop their skill set or improve their trading technique can draw on the support on hand, which is designed to cater to beginner intermediate and experienced traders. When you feel like you have enough experience in trading on demo accounts, and when you make steady profits from session to session, we recommend you move Worldtradex scam on to making real money on real trading accounts.

MT4 opens with four charts by default, each representing a unique currency pair. The Market Watch window with two tabs is on the left of the charts. The Symbols tab shows a list of currency pairs with their bid and ask prices, while the Tick Charts tab shows the real-time price activity of chosen currency pairs.

That Worldtradex is catering to all these groups is a big plus for the site, and the resources are made available to traders using demo as well as live accounts. Crypto markets are only supported on accounts that use the MetaTrader platforms. There is a strong trader focus to the platform backed by very high-quality industry-standard research and learning services coupled with a strong in-house copy trading facility. The pushback comes from the more limited number of instruments a user can trade on this platform. However, this should not detract from what WorldtradexFX is, as a convenient, efficient, cost-effective trading proposition, that is attracting a number of third-party industry awards. Open an Worldtradex trading account and make a deposit—you need just $25 to start.

The actual list of available trading instruments is specific to each trading platform. Your Worldtradex demo trading account can do more than just teach you the basics. Experienced traders can also benefit by using their Worldtradex Forex trading trial to test or backtest their strategies or master certain tools. Feel free to experiment with trend following, breakout, momentum, and other strategies on your way to create the best trading plan. Try to build a perfect set of indicators that can predict the behaviour of the market or employ Expert Advisors (EAs) to monitor fluctuations across various currencies. Most strategies require much skill and discipline, and a demo account is a safe way to improve them without staking your hard-earned cash.

We would also support the site’s claim that full resolution was achieved within three minutes. The broker has recently given up its regulatory license with the Financial Conduct Authority in the UK. Worldtradex Markets Incorporated is based at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines. WorldtradexFX is licensed and regulated by FSA SVG license number #19776 IBC 2011. A wide variety of educational content is available for Worldtradex users under the ‘Traders’ Tools’ section. Both MetaTrader MT4 and MT5 stand out for the charting tools they offer.

To maximise your profits, learn about trading sessions and adjust your orders accordingly. The idea of making the trading space more comfortable was the start. Only the traders themselves could give us a better insight into their preferences.