Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), Worldtradex’s lack of additional reputable licenses heavily weighs down its Trust Score.

Deposit

The Worldtradex mobile app can be downloaded and quickly recognizes and retrieves data after entering the username, requiring no further action. From the Worldtradex app, users can open positions in the Worldtradex account as well as in MT4 and MT5, which can also be done using those specific applications. This means the app provides complete control over all open accounts and displays the full trading history.

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. These are two offshore regulators that allow Worldtradex to provide secure financial services in 180 countries. 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.

Trader-focusedplatform

MetaTrader 5 is a feature-rich platform designed for more experienced traders who seek advanced tools and in-depth analysis. With a wide array of technical analysis tools and customization options, MT5 is perfect for those who require a more complex and flexible trading experience. Worldtradex offers a single account type with adjustable leverage, Islamic account options, and low spreads. It aims to simplify the process for beginners while still providing flexible tools for more experienced traders.

However, in my experience with regulators like MAS, they are very professional and helpful so this is by no means a poor regulator. 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. MetaTrader 5, and WorldtradexTrader giving you a decent choice for personalising the way you can trade with the broker. Our broker reviews are reader supported and we may receive payment when you click on a partner site.

The broker has also been operating for 12 years, which is a strong signal of safety in my book. If you’re unsure which platform is for you, I’ve created this 5-step questionnaire that will match your answers to help find the best forex trading platform for your trading style. Amongst the new features and platform improvements, you can still automate your trades with MetaTrader 5 and Expert Advisors. If you are interested in automating share CFDs, MT5 is the only platform on Worldtradex to provide this. With Worldtradex, you’ll get a clear and concise fundamental analysis from Monday to Friday delivered to your inbox.

Worldtradex handles customer queries through multiple channels including a live chat function, email, and phone support. Forex trading is a major focus, with over 52 currency pairs available, encompassing major, minor, and some exotic pairs. 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. Only the traders themselves could give us a better insight into their preferences. Over two years of research and development, we have interviewed traders worldwide, discussing the platform’s usability. Unlock lower spreads, personal guidance, and many other benefits by increasing your account balance.

• Overall, the account opening process took 3 minutes which is the fastest application I have completed for opening a live trading account.
• I think having Worldtradex Copy is a good alternative for beginners or those who don’t want to invest their time in learning how to trade.
• Worldtradex Markets Ltd serves its clients in the Americas and other parts of the world and is regulated by the Mwali International Services Authority (MISA) in the Comoros.
• We believe that all these possibilities can be accessible through one convenient app.

You have no real account to deposit

• 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.
• 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.
• 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.
• With this knowledge, we created our platform to help you make money through smart and well-controlled investments.

To open your first Worldtradex trading account, sign up and follow the instructions. You can always open more trading accounts on different trading platforms for free. Likewise, Mauritius is considered Tier-4, as per our Trust Score algorithm. The security of your funds – in terms of regulatory protection – will depend on which Worldtradex entity holds your account, and which, if any, relevant regulations provide customer protections.

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Positions held overnight are not subject to fees, whether positive or negative, which is a distinctive aspect of Worldtradex. Beyond its diverse selection of financial products, Worldtradex is dedicated to supporting its clients with the right tools to succeed. Worldtradex’s demo account gives traders a realistic, zero-risk environment to explore Forex markets. Using real-time data and full platform functionality, you can practise strategies, test bots, or compete in demo contests – without risking actual money or time limits. With interest-free accounts, risk control tools, and award-winning platforms, it empowers Muslim traders to grow their skills ethically while accessing global markets confidently. No, Worldtradex does not charge any trading commissions, nor does it apply fees on deposits or withdrawals.

Worldtradex is a global online broker offering trading services in forex, commodities, indices, and cryptocurrencies. It provides platforms like MetaTrader 4 and 5, with competitive spreads, copy trading, and educational content for traders of all levels. Worldtradex (formerly WorldtradexFX) is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilized by clients from 180 countries with more than 42 million trading accounts. Worldtradex offers a wide range of trading instruments to cater to various traders’ needs.

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. Worldtradex has good educational and training tools for beginners as well as expert traders.

It's worth noting that Worldtradex's primary execution venue is one of its own entities in St. Lucia. Worldtradex’s IB program offers partners daily payouts, up to $12 per lot in commissions, and more than 25 payment options. With no trading fees and attractive trader conditions, Worldtradex makes client acquisition and retention easier than ever. Finding the best trading platform depends on your goals, skills, and experience. Worldtradex offers three top-tier platforms – MetaTrader 4, MetaTrader 5, and its proprietary WorldtradexTrader – each designed to meet different trader needs with powerful tools and features.

Mobile Trading Apps

With over 42 million https://worldtradex.pro/ accounts and 277 instruments, it offers commission-free access to CFDs and supports traders with free educational tools and expert market analysis. Worldtradex is best suited for both beginner and intermediate traders due to its easy-to-use platform, educational resources, and low minimum deposit requirement. The broker provides comprehensive trading tools and features that traders can leverage to optimize their trading strategies.

Customise your account—real or demo—or just create a standard margin account in one click. Worldtradex offers MetaTrader 4, MetaTrader 5, and its own proprietary WorldtradexTrader platform. These platforms support advanced charting, automation via Expert Advisors (EAs), and mobile trading through Android and iOS devices. Worldtradex’s Invite-a-Friend program lets you earn $1 per standard lot traded by your Worldtradex scammers referrals. Just share your unique link, and both you and your friends benefit, with you earning commissions and them receiving a 100% deposit bonus.

For the EU, it is regulated by CySEC which is a Tier-1 authority and for the rest of the world you will be regulated by MAS or MISA. By being regulated across multiple jurisdictions it allows Worldtradex to provide retail financial services to traders across 180 countries. Worldtradex offers a demo account for all of its platforms such as WorldtradexTrader, MetaTrader 4, and MetaTrader 5. The demo account is unlimited in funds as you can top it up should you need more virtual currency, and has no expiration date. As for account management, I found the deposit and withdrawal services to be fast with same-day funding and withdrawals with no fees. My experience with Worldtradex’s customer service was largely positive thanks to its 24/7 customer support and impressive AI live chat service.