That’s a key factor for me and that’s why I decided to join them and I can say since the moment I started trading through this broker I didn’t have any problems. WorldTradex works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker. Accessing the MT4 app through https://worldtradex.pro/ an WorldTradex account is also straightforward, requiring only 3 easy steps, while mobile traders get the same tight spreads and reliable execution provided by the broker.

The Weird and Wonderful World of Forex

Take, for instance, Trader A in our earlier example is an aggressive trader. He purchased 5 standard lot of EurUsd with his $10,000 account size. Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat. The FAQ section answers many of the most common questions, and WorldTradex is transparent about its products and services. Most traders are unlikely to require additional assistance unless of an emergency.

  • Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option.
  • I use WorldTradex for forex trading and have been impressed with the huge range of currency pairs, transparent fees and reliable MetaTrader 4 platform.
  • It also operates an unregulated but duly registered subsidiary in Vanuatu, where most international clients trade.
  • You can also trade Spot US Crude Oil (WTI) and Spot UK Brent Oil (BRENT) contracts.
  • WorldTradex is good for day trading thanks to its very tight spreads in the ECN account, leverage trading opportunities, and access to the fast and dependable MetaTrader 4 platform.
  • Worth keeping in mind, however, is that regulations in Vanuatu are much weaker than in Europe.

What is a Margin Call?

Furthermore, all client funds are held in accounts with major international banks and kept segregated from WorldTradex corporate accounts. WorldTradex supports the MT4 mobile trading platform that provides excellent trading features you can also enjoy when using the MT4 desktop platform. Not only can you select from a wide range of charting tools and technical indicators with this app, but you also get real time market pricing.

Reviews from traders

However, the selection falls short of the comprehensive educational offering available from best-in-class brokers like eToro, limiting the brokerage’s appeal to beginners. On the surface, this is an ideal offering that provides the best of both worlds, though in practice we found some instruments pricier than others, so you shouldn’t expect superior pricing across the board. CySEC is a top-tier regulator that helps ensure WorldTradex follows strict business standards and implements safeguards like negative balance protection and segregated client funds. Perhaps, it’s one of the most significant characteristics for traders. It’s a good broker for intraday trading because trading conditions allow to earn on every move.

Is WorldTradex A Regulated Broker?

Without the facility of leverage, many retail traders wouldn’t have the required capital in their accounts to trade effectively. Traders leverage their buying power by borrowing money from a broker to trade more significant positions in a currency. The 70+ currency pairs provide a wider range than many competitors. However, some FX specialists like Forex.com offer thousands of additional instruments, so it’s disappointing to find just 27 non-forex assets on the WorldTradex platform. Determining the size of your positions is pivotal for managing risk effectively.

Oil and cryptocurrencies might rise or fall by 10% on any trading day. The leverage you use, or need will also vary depending on the overall technique you employ. Your method and strategy might be relatively high in terms of risk versus reward.

Customer Reviews

Terms and conditions do apply to this promotion, especially when it comes to making withdrawals, so make sure you read and understand them before making a deposit. WorldTradex ECN XL account holders pay no commissions to trade any supported asset. Dealing spreads for forex pairs and CFDs can vary from 0.0 pips upwards depending on the liquidity and trading volume of the asset involved. This type of trading model levels the playing field with more transparency and a greater degree of control over your trades. This strategy involves using the same lot size for every trade, regardless of market conditions.

  • When a trader’s account balance dips below the specified margin threshold, it triggers what’s known as a margin call.
  • This means that clients may be left without much help in the event a broker goes out of business or deposits are otherwise lost.
  • Your method and strategy might be relatively high in terms of risk versus reward.
  • WorldTradex offers excellent customer support available 24/5 through email, Live Chat, and international phone calls.
  • Because volatile markets move in broader cycles than more stable ones, volatile trades often deliver tremendous profits.
  • Leverage allows traders to control larger positions with a smaller amount of capital, amplifying both potential profits and risks.

Mastering Leverage and Margin: Essential Concepts for Traders

It’s cool that I can manage other accounts using this broker with the multi-account managing feature. It has very flexible settings so that I’m not bothered about the deposit amounts of my clients. Since I have several of them, and each one has his own funding capabilities. If WorldTradex had a web version of the trading platform, then this broker would be perfect. For customer service needs, all WorldTradex clients are welcome to contact the broker via either live chat, email or phone (a Cyprus phone number for EU users and a UK number for international users).