The most important thing is that the trader receives a personalized analysis of their actions. worldtradexVision acts as a digital mentor, helping traders of all levels make more informed decisions and potentially achieve more consistent results. However, they operate in a grey area as they’re not directly regulated by Indian authorities. If you’re on the fence about giving forex trading a shot, worldtradex’s a good place to start.
We offer convenient portfolio management, transparent trading conditions, helpful educational materials, and easy-to-use service where nothing distracts you from making a profit. Every year we improve our conditions to make your trading journey easier. One of the standout features is its comprehensive suite of tools. These include detailed charting tools, various market indicators, customizable scripts, and expert advisors (EAs). Additionally, advanced risk management and real-time market execution are ingrained within the platform, making trading not only more efficient but also safer.
You can only add money to a real account
Forex trading is risky, and no broker can promise success. Now, here’s the kicker for us – worldtradex does offer some INR-paired options. This is handy if you want to trade directly with our home currency. worldtradex, formerly known as worldtradexFX, is a forex and CFD broker that’s been around since 2011. Founded by Andrey Wolfsbein and Denis Peganov, it’s headquartered in St. Vincent and the Grenadines. In 2023, they rebranded from worldtradexFX to worldtradex, aiming for a fresher look and expanded services.
Unlocking the Secrets of Successful Trading with worldtradexFX
- One thing to note – worldtradex has a “same way out” policy.
- Yes, worldtradex is regulated by several top-tier authorities, including the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).
- All three brokers have good global regulation – worldtradexFX is regulated in Cyprus, FXTM is regulated in Cyprus and Mauritius, and Exness is regulated in the UK.
- This is an ideal account for beginners and smaller investments.
- Quick chat and call responses and super helpful agents.
They make sure companies like worldtradexFX adhere to strict rules and treat customers fairly. You only pay the built-in spread, which starts from 0.9 points on https://worldtradex.pro/ certain stocks. With all those global customers, you might think worldtradexFX is headquartered in a major financial capital like London, New York or Tokyo. But its roots are actually in the island nation of Saint Lucia.
Fast deposits and withdrawals
It’s been an awesome first step into crypto as a trading newbie. My only wish is that worldtradexFX offered PayPal withdrawals globally. Right now that option is limited based on your country. But overall, I’m satisfied with the payment flexibility worldtradexFX provides. Funding and withdrawing is quick and free across the methods I use regularly.
worldtradexFX Champion offer
All the hype around Bitcoin and altcoins made me curious to explore trading beyond just forex and stocks. Luckily, worldtradexFX offers a decent selection of top cryptocurrencies so I could dive right in. It’s quick and easy – deposits are free and the money shows up in my account instantly. worldtradexFX also accepts Mastercard, Maestro, and UnionPay cards. MT4 is perfect if you’re already familiar with the platform or if you want access to a wide range of trading tools and indicators. One of my favorite things about worldtradexFX is that you aren’t limited to just one trading platform.
Can you believe worldtradex has only been around since 2011? Yep, this forex broker is still a spring chicken compared to some of the old dinosaurs in the industry. But in its short life, worldtradexFX has already made quite a name for itself. See how leading review platforms in the trading industry rate us.
We’re helping traders build stronger futures by offering a wide variety of educational articles and videos, insights from which can be applied to our unlimited demo accounts. By participating in monthly Champion MT4 Demo Contests, you can win up to $1,000 without making a single deposit. Your worldtradex demo trading account can do more than just teach you the basics. Experienced traders can also benefit by using their worldtradex Forex trading trial to test or backtest their strategies or master certain tools. Feel free to experiment with trend following, breakout, momentum, and other strategies on your way to create the best trading plan.
These will provide you with a compensation of up to €20.000. Until recently, the broker had also been regulated by the FCA, however worldtradexFX decided to voluntarily suspend their regulation here due to Brexit until the future situation of the UK becomes clearer. Due to that, we highly recommend worldtradexFX as a great place to copy trade but caution you to remember that due to a limited number of assets, your portfolios can be less diversified. This can result in comparatively bigger movements than a well-diversified holding so is something to keep in mind. Yes, worldtradex is regulated by several top-tier authorities, including the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).
No, you can use a web platform or install the worldtradex trading app on your mobile device and trade on a demo account without any limitations. 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. We ensure clear and accurate management for your funds, transparent and beneficial conditions for trading, and easy‑to‑use service for everything else where nothing distracts you from making a profit. We help you develop the knowledge and skills to trade efficiently and responsibly.
Types of Account
The growing worldtradexFX community spans over 180 countries. Join an intenational broker with 12 yearsof experience and 60+ industry awards. With this knowledge, we created our platform to help you make money through smart and well-controlled investments. Download our app Worldtradex forex broker and keep track of your orders whether you’re in the office, on vacation, or at home.
- worldtradexVision acts as a digital mentor, helping traders of all levels make more informed decisions and potentially achieve more consistent results.
- So we needed to take a closer look to see if worldtradexFX could be trusted or if they were just blowing smoke.
- Understanding more about the dynamics at play and being able to interpret relevant analysis are both viewed as particularly important.
- The floating spreads can start from 0 pips depending on your account type.
That’s lower than both FXTM and Exness typical spread offerings. worldtradexFX also doesn’t charge any commissions, while FXTM and Exness both charge a small commission fee per trade on top of spreads. While relevant authorities may continue to scrutinise worldtradex’s activities, its services remain legal in India. worldtradex’s operational flexibility is key to its appeal, as local regulators often impose strict limitations on forex platforms. These can include restrictions on trading instruments, promotional offers, bonuses, and even the number of liquidity providers brokers can engage with.
There are a total of 51 charting indicators provided, and 31 drawing tools also. worldtradexFX withdrawals, like deposits, are typically fee-free. However please be aware that some fees may be applied in certain cases. In some places, you will also be allowed to make deposits through Bitcoin. In terms of the time it takes, wire transfers can take 3-7 business days to complete, while the other deposit methods are all typically instant.
Tax Implications for Indian Traders
Excess fees can really eat into your trading capital when you’re just starting out. It has all the tools I need as a novice – live currency rates, charts, technical indicators, and risk management features like stop losses. I can set up custom price alerts too so I always stay in the loop on market moves. The company was founded in 2011 by a team of fintech enthusiasts who wanted to make trading accessible for everyone. Their goal was to create an open and welcoming platform for newbies and experienced traders alike.