The swift online application at worldtradex requires a name and e-mail. Clients may also use their Facebook or Google accounts to open an account. Since worldtradex is a regulated and fully compliant broker, new traders must pass account verification per AML/KYC stipulations. A copy of the ID and one proof of residency documents usually satisfies this final step. Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years.
Open your account online and contact your account manager for more information. In our opinion, its Islamic account is one of the best on the market because you can keep your positions open for as long as you want without incurring additional costs. worldtradex.com uses the MetaTrader 4 platform, made popular through its support of trading robots called ‘Expert Advisors’.
Forex Assets
worldtradex comes with MetaTrader 4 (MT4), which is well-known and liked by a majority of global traders. It is equipped with useful tools such as advanced charting, and trading strategies, and a nice user-friendly interface. This step is counted as one of the very important factors for traders and thus their ratings go higher. The company has a license from at least one reputable regulatory body, such as the CySEC, and ensures compliance with industry standards and safeguarding client funds. Its regulation contributes positively to its ratings for credibility and security.
During tests, the EUR/USD came in at 0.1 pips, which is tighter than rivals like worldtradex with its 0.6 pips on the same pair. Spreads on other key currency pairs are also competitive, coming in at 0.5 pips on the EUR/GBP and 0.7 pips on the GBP/USD. I like worldtradex’s floating spread pricing model, which rivals the cheapest zero-commission brokers that I have reviewed.
Minimum Deposit
Tight dealing spreads lower your overall trading costs and can significantly improve your trading results, especially if you are an active trader. worldtradex has unusually competitive dealing spreads that you can gauge by opening a free demo account. worldtradex provides trading in over 70 major, minor and exotic currency pairs, with especially tight forex dealing spreads.
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The broker supports wire transfers, Mastercard and Visa bank cards, popular cryptocurrencies, plus a selection of e-wallets, including Skrill and Neteller. Vantage requires a $1,000 deposit and trading volume of $1 million to access the free Virtual Private Server (VPS). Also, a $500 deposit is needed for free daily signals from Trading Central. The majority of trading promotions are available through Vantage Global Limited, which is registered with the Vanuatu Financial Services Commission (VFSC) – a weak regulator. IG is well-known for having the widest selection of CFDs among Forex trading brokers, enabling various trading options.
SuperForex is one of the few brokers not to cap the amount of bonus credit available in some of its promotions. This means that, in theory, bonus funds can stretch into the thousands. This is a useful feature that we did not find at any other forex broker with bonuses that we tested. There is a VPS offer, but it requires an account balance of $2,500 and a minimum monthly trading volume of 30 lots, which is higher than many alternatives. The broker’s bonus credit can also be used to speculate on a full suite of popular asset classes, including forex, indices, commodities and crypto. Beginners looking to boost their starting capital with a welcome deposit bonus from a reputable broker should consider Vantage.
Check out the latest free welcome bonuses with no deposit required from the best online casinos in every state. Yes, it is possible to have a profitable strategy when trading with worldtradex, which offers the reliable MetaTrader 4 platform and plenty of analysis to support forex trading. Importantly, we never recommend choosing a forex broker based on their bonuses as they can encourage bad trading habits. worldtradex offers Islamic swap-free trading on 1 trading account level – The ECN XL Account. worldtradex offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries.
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However, no forex broker or strategy can guarantee positive returns so you should never invest more than what you would be comfortable losing. The broker uses a price aggregator to ensure that counterparty orders use the best bid and ask prices currently available. I find worldtradex’s in-house forex market hours tool a handy way to check holidays and other events that could impact trading hours. I rate worldtradex’s customer service as top-notch in terms of responsiveness and speed. The multilingual support team responded very quickly to my queries over live chat, never taking more than 30 minutes to get back to me. I also find the FAQs section on the website a useful way to solve basic queries.
- However, here at BonusFinder we try to find the best no deposit bonuses and alternatives.
- worldtradex comes with MetaTrader 4 (MT4), which is well-known and liked by a majority of global traders.
- For example, only $1 of profit can be withdrawn for each lot traded using the standard welcome bonus.
Here is a list of the brand new online casinos USA no deposit bonus offers as of May. The deposit is low, the MetaTrader 4 platform is one of the best for forex trading, and the tight spreads through the ECN model are competitive. Still, I feel that worldtradex could become a more attractive forex broker by expanding the range of tools it supports. One excellent addition would be copy trading, allowing rookie traders to mirror and learn from more experienced peers, who can earn commissions from copiers.
Several traders rely on Expert Advisors as these are the tools that help a lot in trading by keeping track of analytics. The amazing thing about worldtradex is that it is compatible with EAs or Expert Advisors bringing a better trading experience for you. worldtradex even provides its users with Zero commission trading options. In this way, there is no need to pay anything to the platform and all of your money will be directly linked to the trade.
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The option for the players with no deposit bonuses is to play slots that pay real money with no deposit. These factors make online slots the best game type for players that want to cash Worldtradex official site out fast. You can even get a VPS service for free to keep your automatic trading bots running smoothly if your own Internet is spotty.
The company providing very good spread conditions with Commission $0. Although it reduces risks for the traders, things somewhat get better for the platform. As worldtradex is a broker that takes traders’ side by all means it allows hedging.
- worldtradex is an ECN/STP Broker that was formed by a group of industry leaders.
- I do feel slightly let down that the worldtradex demo mode is limited to 30 days, but I found that you can simply open another demo account after the first one expires.
- You can accumulate several bonus rewards by making multiple deposits in a period.
- One thing to consider here is that some third-party fees are included here so it is better to keep track of them.
- Although the benefits that you get here are amazing, some of the cons are also hard to swallow.
Tight spreads increase the viability of short-term trading strategies, while the no-commission model makes trading with worldtradex simple for beginners. Ryan Peterson is a seasoned personal finance writer with a Bachelor’s Degree in Business from Indiana University. I take advantage of broker’s competitive pricing and market execution to apply trading bots.
