This means you can open positions with as little as $1,000 and this amount can be further reduced if you are trading on leverage. The minimum order size you can expect when trading with worldtradexFX is 1 micro lot. This is the same as 0.01 standard lots, or equal to $1,000 in cash value. Here is a look at a couple of other fees that you may encounter when trading with worldtradexFX. Worldtradex reviews If you need an worldtradexFX Islamic account, then these are also available. Here will have an account that is totally Sharia law compliant and benefit from the award-winning service of worldtradexFX in the area.

There are online brokers that don’t require a minimum deposit at all. All of these platforms are available in web and mobile applications, including both Android and iOS. Additionally, worldtradex offers its own proprietary platform called worldtradexTrader. worldtradexTrader offers decent usability and is a bit more simplified than MT4 and MT5.

If you prefer to trade less liquid and higher risk assets you also have access to altcoins like Dogecoin to speculate on. worldtradex has 52 forex pairs for CFD trading including forex majors like USD/JPY, AUD/USD, and EUR/USD as well as minor and exotic pairs. I did find that you can only access all 52 pairs using the MetaTrader 5 platform, while the worldtradexTrader and MT4 only offer 32 pairs. The deposit options with worldtradex are decent, giving you multiple ways to fund your account with no deposit fees. The only traditional method available was Mastercard (debit card) which I used to fund my account and was instantly applied to my trading account after making my deposit.

  • In your demo account, you can test your trading strategies, implement different market orders, and get familiar with the indicators and charts before you start trading with real money.
  • For instance, I found that the content on the worldtradex Blog is not updated daily across all categories.
  • It’s a dream come true for anyone looking to build a diverse trading portfolio.
  • “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning.

worldtradexFX Overview

Whether you’re a novice exploring the markets or a professional looking for advanced tools, worldtradexFX provides the necessary resources to achieve your trading goals. Web and mobile trading platform worldtradexTrader enables you to diversify and upgrade your trading. You can also create accounts on the MetaTrader 4 and MetaTrader 5 platforms to trade Forex, cryptocurrencies, and other instruments.

What is Affiliate Marketing: Everything You Need to Know in 2025

It is the most liquid market, and your order can find its match in less than 0.1 seconds. From that, we conclude that worldtradexFX is safe for trading because there are top organizations around the world that trust this broker. worldtradexFX also withholds the FSCA licence that allows traders from South Africa to trade under the regulations of FSCA. If you are a trader in Europe, you are more likely to have access to the European site of worldtradexFX, where you can trade under the regulations of CySEC.

worldtradexFX Broker Summary

  • These resources are crucial for developing a solid foundation in trading principles and practices.
  • However, these pricing structures often come with other costs, such as high inactivity fees.
  • worldtradexFX broker trading platforms are based on the trading account, there are only two trading platforms; MetaTrader 4 and MetaTrader 5.
  • worldtradexFX offers MT4 and MT5 as a web platform for Windows, MacOS, Android, and iOS.

Out of the platforms available, I believe MT5 is your best option overall as it allows you to trade all asset classes and improves on the features of the MT4. For example, the MT5 is faster thanks to being rebuilt using 64-bit architecture which means your execution times and price feeds are faster, and now allows you to trade stocks. Out of the options available, I think MT5 is the best option with worldtradex as it has the most technical features while also offering all of the broker’s financial products. The other feature I liked was that you do not pay swap fees on your CFD positions, saving you money should you keep your trades open longer than 24 hours. This makes worldtradex an attractive option for stock trading CFDs as you won’t need to worry about swap fees cancelling any day’s profits, so you can keep the positions open.

For those familiar with cryptocurrency wallets, this process is very simple and quick. In 2022, trading over the weekend was allowed due to the rise of cryptocurrencies. After more than 10 years in the market, the company claims to have opened over 40 million accounts, received more than 70 awards, and paid out over 33 million USD in bonuses. When it comes to making informed decisions about forex brokers, it’s essential to rely on trustworthy sources. RationalFX, a company with over 20 years of experience since its founding in 2005, has established itself as a credible authority in the industry. With an impressive collection of over 2500 reviews on Trustpilot, boasting a score of 4.2, it’s clear that Rational FX has built a reputation for providing reliable and unbiased information.

What is the minimum deposit at worldtradex?

It gives you full control over your trades and helps manage your positions like a pro. worldtradex offers a swap-free Islamic account that adheres to the principles of Sharia law. The MetaTrader 5 Web Platform (Web Trader) is a slightly stripped-down version of the desktop platform.

worldtradex offers 24/7 customer support but doesn’t provide an option for phone support. Its customer support team can be reached using the platform’s live chat option, email, or social media. This is a good level for new traders who want to start small and experiment with little financial investment. Forex traders who already have their toes wet will likely want to exceed the minimum deposit level. The minimum is definitely budget-friendly, but there’s only so much that can be done with $25. Some don’t have minimum requirements or set an extremely low limit, like $1.

Mobile trading apps

Exchange rates change all the time based on market factors like supply, demand, economic reports, and even global events. The first currency is called the base currency, and the second is the quote currency. The price tells you how much of the quote currency is needed to buy one unit of the base currency. Forex trading, also known as foreign exchange trading, is all about buying and selling currencies to make a profit from their changing values. It’s the largest and most liquid financial market in the world, with over $6 trillion traded every day.

worldtradex offers the MetaTrader 5 mobile app for mobile trading, which is available for Android and iOS. The app offers popular features such as alerts, 1-click trading, and trading from the chart. In addition, when trading with a broker authorized by CySEC, client funds are protected by the Investor Compensation Fund (ICF). ICF protects client accounts for up to €20,000 if a firm becomes insolvent.

TradingView

Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out worldtradex’s educational offering. That being said, there isn’t much educational content for learning how to trade or understand market dynamics. It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more.

The low minimum deposit and lack of fees make it attractive for cost-conscious investors. On the flip side, they are a rather niche broker with fewer trading instruments than other brokers. worldtradexFX ensures that traders can access the tools and functionalities they need to succeed, whether they prefer simplicity or advanced analytics.

This physical office presence is still quite light compared with other major brokers, but worldtradexFX does offer trading worldwide. We do wish they’d offer phone support, but they are quick to respond through the channels offered. For those new to forex trading, we recommend resources such as How to Create and Manage a Forex Trading Strategy.

Considering the platform’s focus on emerging markets, social trading offers a safer way to explore these markets. Social trading isn’t foolproof, but following experienced traders is often safer for new investors. worldtradex provides fully functional mobile trading apps for MT4, MT5, and worldtradexTrader that are available for both Android and iOS devices. These apps offer full trading capabilities, interactive charts, and technical analysis tools on the go.