These amounts are the absolute maximum leverage on offer, but they may vary according to the asset traded, with more volatile assets generally providing lower amounts of leverage. On a lighter note, many traders will appreciate the 20+ crypto CFDs, traded in USD, EUR, GBP and AUD pairs. The list includes big hitters like Bitcoin but also some smaller tokens like Tezos, and although it is not the widest selection of cryptocurrencies, it does provide decent scope.
While minimum balance requirements could incentivize some traders to utilize the educational resources, I think it’s better to make the content free for all clients. Motivation can instead be inspired by creating interactive courses that feature quizzes and incorporate progress tracking. It’s worth mentioning that your trading account balance must meet a threshold to access certain educational content. https://worldtradex.space/ The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures.
Does worldtradex offer copy trading?
Our review shows that it is a publicly traded company authorized by major regulatory bodies including ASIC in Australia, MiFID in Europe, and FCA in the UK. According to ForexBrokers.com, worldtradex’s trust score is 95, making it highly trusted. HelloSafe.ca offers site visitors information on insurance and personal finance products in compliance with applicable laws. The content contained on the HelloSafe.ca website is for information purposes and does not replace that of professional advisors.
Number of Traders to Copy
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I like that worldtradex invested heavily into its algorithmic trading environment, and I rank it among the industry leaders in this category. Luckily, unlike many other brokers, worldtradex has a dedicated page where you can find detailed information on where they are allowed to operate. It will help to remember that brokers may not be allowed to trade https://worldtradex.world/ in specific regions depending on the entity where they operate, regulatory authorities, laws, sanctions, etc. One thing worldtradex has in terms of customer support that many other brokers do not have is international customer support phone numbers for many regions, as shown in the image below.
Prohibited Countries: Where Can I Not Trade with this Broker?
An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. There are no trading restrictions with worldtradex, which is great news for serious traders who like to employ scalping, hedging and other strategies. There is also a rebate program that allows cash rebates depending on the volume you trade, which is a perk for active traders.
Opening a live forex trading account with worldtradex is a quick and straightforward process. There are no account minimums, enabling traders of all sizes to start their forex trading journey as they see fit. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
Potential new clients should consider that there are multiple sites for this broker depending on the region. The sites and details differ, so it is best to visit the appropriate site for your location. As you can see from the image below, this is new, and prior to this, worldtradex might not have had any promotions, competitions, affiliate programs, etc., that other brokers offer. worldtradex does offer copy trading through its integration with ZuluTrade, a well-known third-party platform designed for replicating the strategies of experienced traders.
- All websites and web-based platforms are tested using the latest version of the Google Chrome browser.
- When testing the in-house platform, I was struck by its ease of use and intuitive design.
- worldtradex trails many brokers when it comes to the breadth of forex pairs, with around 40 assets available.
This broker technically offers only one account type, even though other sites claim that there are more. We don’t consider Islamic and demo accounts as account types per se because, technically, almost all brokers offer these as a substitute for regular accounts. BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs.
The fast order executions and deep liquidity further support demanding trading requirements. The content on this site encompasses general news, our analyses, opinions, and material from third-party sources, all designed for educational and research aims. It is not meant as direct advice or a prompt to undertake any specific action, including investments or purchases. Before making financial decisions, we urge you to conduct thorough research, exercise personal judgment, and consult with professionals. Information on this website might not be in real-time or entirely accurate, with prices potentially sourced from market participants rather than exchanges.
What level of leverage does worldtradex offer?
While the platform selection is robust, certain limitations in tools and features detract from the overall user experience. worldtradex’s limited asset diversity places it at a disadvantage compared to brokers offering access to real stocks, ETFs, and a broader selection of CFDs. While it provides sufficient options for forex and basic CFD trading, traders seeking comprehensive portfolio diversification may need to look elsewhere.
One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.
It is regulated by multiple tier-one financial authorities, including the FCA and ASIC, which adds credibility and oversight to its operations. Note that the regulated branches will not offer promotional schemes due to regulatory restrictions. In particular, I would recommend Capitalise.ai for users interested in algorithmic trading but that don’t have coding skills.