This lets you adapt your charts depending on your strategy, whether you use multi-time frame analysis or are a scalper with tick charts you’ll find it easy to switch on MT4. You can use the calculator to choose the Stop Loss and Take Profit levels for your order. Input the details of your order, determine the open price and start calculating various outcomes by changing the close price level. Choose the levels resulting in profits and losses you are comfortable with. Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives.
Why Choose worldtradex
As for education, I found worldtradex provides a consistent stream of webinars with professional traders through a live trading session aimed at all levels. You can experience an “over the shoulder” session with a trader which is helpful to get professional feedback on current market events. 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. worldtradexFX provides swap-free conditions across all account types, aligning with Shariah principles.
Once approved you can expect the funds to be in your bank account/wallet within 30 minutes which is extremely good service in my opinion. Crypto is the slowest to deposit with 3-30 minutes which is still extremely fast in my books as some brokers can take 24 hours to credit your account. It is regulated by the FSC in Mauritius, the Mwali International Services Authority (MISA), and CySEC for European traders. The broker has also been operating for 12 years, which is a strong signal of safety in my book. The profile for each trader was more detailed showing profit and loss, drawdown, and copy follower growth which I like to use as a leading indicator of trader performance. You also have a track record of the trader’s order history, giving you a transparent insight into the trader’s performance.
Each platform is available on desktop, web, and mobile, offering flexibility and full trading functionality. worldtradex applies no direct charges to client accounts and additionally reimburses any deposit or withdrawal costs imposed by external payment processors. Proper risk management ensures that even a string of losing trades does not wipe out the trading account.
Islamic Account:
worldtradexFX’s no-fee policy for deposits and withdrawals, combined with its competitive spreads and high leverage, creates a cost-effective trading environment. Comprehensive customer support and a wealth of educational resources add value, empowering traders to make informed decisions. worldtradexFX stands out as a versatile and cost-effective broker, appealing to traders of all experience levels. Established in 2011, it has built a strong reputation for offering competitive trading conditions, robust platforms, and a user-friendly environment.
King Of The Road real contest finished
- I felt that when I was passed to human agents on live chat it was hit and miss as basic questions were not answered, while other times they were.
- Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies.
- RationalFX, a company with over 20 years of experience since its founding in 2005, has established itself as a credible authority in the industry.
- Plus, you can fine-tune the Space by choosing specific instruments only to receive these ideas from – in my instance, I chose USD/JPY, gold, and EUR/USD.
Past results are no guarantee of future success, so make your financial and investment decisions with utmost care. To withdraw, log in to your worldtradexFX account, select “Withdraw”, choose ERC20 USDT, enter your wallet address, amount (10–10,000,000 USDT), and PIN, then confirm the request. TradingFinder has developed a comprehensive list of MT4 indicators and MT5 indicators that you can use for free.
With 24/7 availability, multilingual support, and comprehensive resources, worldtradexFX ensures traders receive the guidance and help they need at any time. I thought the research provided by worldtradex was decent as they offered chart and candlestick patterns like doji candlesticks and wedges, or highlighting support and resistance levels to trade. The analysis was well presented on the charts and the commentary was easy to understand and follow, even if you’re new.
No swaps on MT4 and MT5
While ERC20 is reliable, traders seeking lower blockchain fees may opt for the worldtradexFX TRC20 withdrawal alternative. Once trades are active, they should be monitored to ensure they align with market developments. If new information arises or if market conditions change, traders should be prepared to close or modify trades accordingly. The platform also provides for a wealth of more than 50 charting tools and indicators, and caters for auto and copy trading through its EA feature. MetaTrader is further renowned as one of the most comprehensive platforms in this area. You can further benefit from one click trading, the ability to order directly from charts, and regular price alerts.
Each of these is designed to suit different styles of trading and trader experience levels. For example, the Pro account may be Worldtradex official site ideal for experienced traders who require access to a broader range of instruments and lower spreads. He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family.
In addition to traditional platforms, I did find that copy trading is available through the worldtradex Copy platform giving you an alternative approach to leveraged products like forex and gold. If you want to see how worldtradex’s spreads compete with other Malaysian brokers, I created a simple trading cost tool that you can use. The spreads on the MT5 account were stable in my tests during the New York and Asian trading sessions.
- Should you need it though, the customer service team is available through live chat, phone, and email to deal efficiently with any problems that may arise.
- Trading forex on worldtradexFX is a structured process that involves proper setup, market understanding, strategy execution, and consistent risk management.
- worldtradex has a decent selection of 34 cryptocurrencies covering Bitcoin, Ethereum, Ripple, and Litecoin which is a healthy selection of highly liquid crypto markets.
- worldtradexFX offers a variety of deposit and withdrawal methods to accommodate traders worldwide, ensuring transactions are convenient, fast, and cost-effective.
- Your bank may also charge you a commission or fee on wire transfers, though there is no fee directly from the broker.
One of worldtradex’s impressive features I found was the no swap fees on all of its accounts. This means you can hold CFD positions overnight without being charged interest or fees like non-Islamic accounts do, making the broker a solid pick if you trade stocks. I opened an MT5 Trading Account to test the broker’s trading conditions and I was impressed with the spreads worldtradex supplied. The broker offers EUR/USD from 0.90 pips which is some of the tightest spreads for a Standard account I’ve tested. As an ECN (Electronic Communications Network) broker, worldtradex delivers tight spreads and fast execution speed by matching your order with the best offer from another trader on the network. This plays well into your hands as you will always receive the best available price from the network, leading to cheaper trading fees and better profit potential.
These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency. Among the financial service providers, there are fraudsters that we promptly report. Feedback and rankings https://worldtradex.space/ from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders. worldtradexFX supports credit/debit cards, bank transfers, e-wallets (Skrill, Neteller), and cryptocurrencies like Bitcoin, Ethereum, and Tether. Traders can choose from MetaTrader 4, MetaTrader 5, and worldtradex Trader, a proprietary platform with advanced features.
7 Customer Support
Another decent addition I found on MT5 is the native economic calendar which shows the times of upcoming economic announcements that can impact your trades. 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. MetaTrader 4 is a great option if you use custom indicators or strategies as it provides the MQL4 library which you can use to create bespoke strategies. If you lack the programming skills, the MetaQuotes Marketplace provides a library of 10,000+ custom indicators from the MT4 community you can use. I find MT4 makes it easy to customise your charts with 9-time frames from day to tick charts and 3 chart types including bar, candlestick and line.