The MetaTrader 5 account is designed for sophisticated Indonesian traders actively participating in various financial markets and assets. Withdrawals from a live account must be confirmed via email, ensuring that only the account holder can access the Worldtradex scammers account. They also require the same payment information for deposits and withdrawals, preventing unauthorized third-party transfers. worldtradex is a well-regulated trading provider ranked among the top 20 Forex and CFD brokers for Indonesian traders. Tightspreads from 0.6 pips, 80 trading instruments,including currencies, metals, energies, indices, and cryptocurrencies.
The broker offers a selection of 250 CFDs across major asset classes, along with access to MetaTrader 4, MetaTrader 5, and its proprietary worldtradexTrader. In my view, worldtradex’s tight spreads, extensive research and educational materials, and diverse payment options truly reflect its innovative approach and dedication to meeting client needs. The broker provides Indonesian traders with multiple deposit and withdrawal options, including bank transfers, e-wallets, and credit/debit cards. In addition to the rebate, worldtradex offers discerning traders a 5% loyalty bonus and reward points equal to 1% of the rebate they receive.
also special about worldtradexTrader?
In terms of commodities, worldtradex presents opportunities to trade in energy products, precious metals, and others. For those interested in trading indices, worldtradex provides access to some of the world’s major indices. worldtradex offers a broad spectrum of tradable instruments to cater to different trading interests and strategies, though it doesn’t include all potential asset classes.
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In the negative aspect, it prevents the loss of money more than deposited to traders. The broker introduces the worldtradex Trading App to Indonesian traders seeking a smooth and efficient trading experience. This mobile application provides traders easy access to all accounts, including demo accounts, and integrates seamlessly with Market Insights to improve decision-making. I like that worldtradex provides a variety of trading platforms that all trading styles can use, making the broker a versatile option to benefit from the lower trading costs. Whether you’re a beginner with worldtradexTrader’s market analysis tools, automate your trades with MT4’s EAs, or day trade with depth of markets tools on MT5 there is something for everyone. The worldtradex mobile app can be downloaded and quickly recognizes and retrieves data after entering the username, requiring no further action.
worldtradex Customer Support Test
Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. This could include opening an account with worldtradex Markets Cyprus Ltd, or Uni Fin Invest which is worldtradex’s Mauritius entity. This is because you will receive better protection and service from your local regulator should you need to enforce a complaint. However, in my experience with regulators like MAS, they are very professional and helpful so this is by no means a poor regulator.
Traders can access MT4, MT5, and worldtradexTrader via web applications directly from their browsers, conveniently skipping the need for software installation. Guaranteed stop order fees, overnight funding fees, and currency conversion fees are not separately specified by worldtradex.
- Meanwhile, larger investors struggled to adapt to the rapid pace ofproposed reforms and their far-reaching consequences.
- Many crypto enthusiastswere disappointed, which triggered a five-day downturn in BTCUSD, culminatingin Bitcoin briefly dipping below the crucial $80,000 level on 10 March.
- The software’s intuitive layout, designed with simplicity, allows traders to locate and follow signal sources based on personalized criteria easily.
- Accessing the bonus is a straightforward process and can also be configured automatically.
- Daily and weekly forecasts in the Market Insights section preview the key economic data ahead and highlight the major market movers.
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. Occasionally, worldtradex Broker offers special promotions, such as a 100% deposit bonus during certain events, allowing clients to double their deposit amount. These promotions are typically time-limited and may have specific terms and conditions. In summary, worldtradex Broker’s negative balance protection is a vital feature that safeguards clients from excessive losses, reinforcing the broker’s commitment to providing a secure trading environment. This extensive selection of trading instruments allows worldtradex Broker’s clients to diversify their portfolios and implement various trading strategies across different markets.
Commissions and fees
I think worldtradex is a solid option as it provides excellent features that I think will appeal to a variety of traders. Firstly, worldtradex uses ECN technology so you get excellent execution speeds with tight spreads of 0.90 pips and is commission-free, which is rare for ECN brokers. I opened an worldtradex trading account and tested the broker’s spreads, trading conditions, and platforms to see how they performed against 20 other brokers. In this worldtradex Review, I’ll go through my findings helping you decide if worldtradex is a broker you should consider. Each account type is designed to provide traders with flexibility and access to a wide range of financial instruments, ensuring a tailored trading experience. Create and manage trading accounts, deposit and withdraw funds, and engage in swap-free trading right from your mobile device with our official worldtradex broker app.
Meanwhile, larger investors struggled to adapt to the rapid pace ofproposed reforms and their far-reaching consequences. Donald Trump’s rise to the U.S. presidency was marked by a seriesof bold and unconventional policy proposals that many pundits deemed radical atthe time. Given the length of the campaign and the public nature of hisplatform, one would think that the market had plenty of time to prepare andprice in the potential policy shifts well in advance. In thisarticle, worldtradex broker reviews Trump’s policies and analyses their consequencesfor the global financial markets. One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.
Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry. The education section on the worldtradex website is well thought out, clearly presented, and made for different levels of traders – beginners, intermediate, and experienced. Material includes live trading sessions, workshops, and trading strategy-themed presentations. The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices, and stocks. Once users have gotten up to speed on a demo account, they can easily switch to a live version.
The support team is knowledgeable and strives to resolve issues effectively, contributing to a high satisfaction rate among clients. Customer support is available 24 hours a day, seven days a week, ensuring that clients can receive assistance at any time, regardless of their time zone. The support team is proficient in multiple languages, including English, Indonesian, Malay, Thai, Hindi, and Urdu, catering to a diverse global clientele.
platforms
- I like that it updates in real-time and displays on your charts which I found useful to avoid opening trades during high-impact announcements like US GDP or Non-farm Payrolls.
- In the last few years, worldtradex Broker has successfully received over 70 very prestigious industry awards, proving their commitment to excellence.
- worldtradex offers the MetaTrader 5 mobile app for mobile trading, which is available for Android and iOS.
- The broker offers multiple channels for customer service, ensuring accessibility and prompt assistance.
Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. I was impressed with the efficiency and low-cost approach to depositing and withdrawing with worldtradex. The range of deposit methods is decent, covering traditional, e-wallet and crypto, giving you a great choice of how to deposit (and withdraw) with no fees. Additionally, Orinoco Capital (Pty) Ltd. holds a Financial Service Provider (FSP) license number from the Financial Sector Conduct Authority (FSCA) in South Africa. It is also regulated by the Financial Services Commission Mauritius (FSC) and Mwali International Services Authority (MISA) for non-EU clients.
Tradable Instruments
Over a week-long testing period, I probed customer support with dozens of inquiries, ranging from available tools to fees and questions relating to the security of client accounts. I was surprised at how fast the responses were, and the agents went the extra mile to provide the information I sought. MetaTrader 5 offers Indonesian traders additional trading tools, timeframes, graphical objects, and more. MT5 introduces a broader range of order types and an expanded set of indicators and analysis tools.