worldtradexFX Review 2025: Is It a Reliable Broker? Pros and Cons

The broker requires a minimum deposit of $200, ensuring a wide range of traders can participate. Pepperstone provides a suite of advanced trading tools and platforms such as MetaTrader 4, MetaTrader 5, and cTrader. While the broker provides a commission-free standard account, the Razor account charges a $7 per round turn commission.

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The demo account provides real-time price feeds like a live account but gives you virtual funds to trade in a risk-free environment. 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. A wide variety of educational content is available for worldtradexFX users under the ‘Traders’ Tools’ sections.

worldtradexFX Review – Conclusion

The web-based worldtradexTrader platform is a beginner-friendly and convenient alternative. When it comes to account types and minimum deposits, worldtradexFX wins again in my opinion. Exness has a higher minimum deposit of $200, while FXTM requires a bigger investment of $500 minimum to open an account. On forex, precious metals and indices, there are also no commissions.

Pros and Cons of worldtradexFX Trading and Non-Trading Fees

Dear Muhammad Waqar,Thank you for such a high rating and for sharing your feedback with our worldtradex Trading platform. Dear Goh Chongsoon,Thank you for such a high rating and for sharing your feedback about our worldtradex Trading platform. Regarding the email verification PIN, please make sure to check your inbox and spam folder.

We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. One thing that stood out to me about this broker during my review was the ease of use. The worldtradexTrader platform is intuitive, well designed, and has popular features like alerts and 1-click trading. There are no swap fees, inactivity fees, or fees for deposits and withdrawals. Three account types cater to traders with different levels of experience. With demo accounts, the ability to trade in micro-lots, copy trading, and strong educational resources, I rate worldtradex as a suitable broker for beginners.

• The range of available CFDs on indices is also better than average.
• The base account currencies made available to Malaysian Traders include the Euro and the United States Dollar.
• This app goes beyond traditional social trading by utilizing an AI-based recommendation system that matches traders with Masters based on their trading style and risk profile.
• You can trade via very easy to use platform on all of your devices.

You also have a track record of the trader’s order history, giving you a transparent insight into the trader’s performance. I also found an interesting feature called Spaces where you can customise an area with trading alerts and real-time news announcements. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com.

Can I run multiple trading strategies on worldtradexFX’s VPS simultaneously?

worldtradex offers trading accounts denominated exclusively in US Dollars (USD). In 2012, it started organizing courses, and in 2013, it introduced its first bonuses. As part of its expansion, worldtradex launched a program for Introducing Brokers in 2014 and introduced the cTrader platform (currently unavailable). Since 2016, the MetaTrader 5 platform has been available, coinciding with the launch of educational content.

This means not every available option may be featured on this page. worldtradex offers attractive pricing, with clear and understandable fees. worldtradexFX offers MT4, MT5, cTrader, and its own worldtradexTrader web platform. The quality of worldtradexFX’s research material is a touch above what you’d typically find with the average broker. However, it still trails behind the rich content offered by the best brokers in this category. worldtradexFX is a reliable broker with a good reputation, as evidenced by its Worldtradex official site impressive rating of 4.4 stars out of 5 from users.

The spreads on the MT5 account were stable in my tests during the New York and Asian trading sessions. While monitoring the spreads the broker’s EUR/USD spread fluctuated between 0.80 and 0.90, which is slightly more than the minimum advertised. We believe in a partnership, that’s why we welcome all feedback, to understand our users’ needs and provide them with the best Forex trading experience. One area where worldtradexFX stand out is their approach to trader feedback. There is even a forum where traders interested in getting the most out of trading with worldtradexFX can benefit from airing their views or taking the opinions of others.

By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. worldtradex (formerly worldtradexFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. A good fit for beginners and seasoned traders alike it has a reputation for being easy to use and reliable. It was awarded ‘Most Reliable Broker Asia 2023’ and has a high trust score according to user reviews.

• Conditions are also based on enityt, as EU account offering is different.
• To withdraw the bonus, the client must trade a number of lots equal to half of the bonus amount.
• With demo accounts, the ability to trade in micro-lots, copy trading, and strong educational resources, I rate worldtradex as a suitable broker for beginners.
• CTrader provides a convenient and feature rich environment for more flexible trading.
• worldtradexFX provides an exclusive cashback rebate scheme for UAE traders, allowing them to recoup some of their trading costs.

The app’s AI-based recommendation system, which suggests Masters to follow based on a user’s trading style and risk tolerance, is what sets it apart. Yes, worldtradexFX allows multiple accounts, but certain terms and conditions apply. This particular account boasts of an array of remarkable features encompassing astute and well-informed traders seeking to push their level of expertise beyond its current limits. Participating in financial markets involves high risk, which can result in the loss of part or all of your investment. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews.

The process for using this feature is simple for those who are interested. Traders must first create a Copier account and deposit funds into their Wallet. Following that, they can select specific Masters whose trading activities they can automatically copy, allowing them to profit from proven trading strategies. Once all steps have been completed, contact the customer support team to confirm the closure of your account. If necessary, they will provide additional instructions or information. worldtradexFX understands the complexities of trading and, as a result, caters its services to Emirati traders who adhere to Sharia Law principles.

The spreads for both the MT4 and MT5 accounts are floating and start at 0.7 pips. Clients using the worldtradexTrader, MT4 or MT5 account do not have to pay swaps. MetaTrader4 provides a minimalist yet sophisticated service which caters for beginner to advanced traders and also allows user profiles to be set up to carry out Islamic Trading. MetaTrader5 offers some extra tools for those traders looking to carry out analysis on a more granular scale.