MetaTrader 4 MT4 Forex Trading WorldTradex

However, its fixed leverage, high trading costs, high currency conversion fees, and high interest rates may deter some traders. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. 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. WorldTradex ‘s range of trading platforms includes MT4, NinjaTrader, various advanced specialty platforms, and WorldTradex’s award-winning proprietary platform, Trading Station.

ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. It is the product of more than a decade of client feedback and cutting-edge technological prowess.

Trading Fees

It’s worth mentioning that your trading account balance must meet a threshold to access certain educational content. This means that Indians with bank accounts denominated in INR will have to pay currency conversion fees on deposits and withdrawals. Currency conversion fees can make trading expensive and affect profitability. Overall, because of its strong international regulation, segregation of client funds, and history of responsible behaviour, we consider WorldTradex a safe broker to trade with. However, traders should be aware of trading with low minimum deposits and high leverage, as this could see their trading accounts wiped out. With its wide range of available platforms and deep offering of trading tools, WorldTradex has set the bar high and competes among the best brokers in the industry.

TRADING STATION

No matter one’s experience or sophistication level, Trading Station is often the preferred choice among active traders. Use our comparison tool to compare two brokers based on their trust rating, costs, features, platforms and many other aspects. WorldTradex’s educational section comprises various trading guides, video tutorials, a section on the traits of successful traders, and a free online live classroom.

• Some of the top traders use automated strategies to take the human element out of trading.
• Overall, WorldTradex’s research is a touch above the industry average and will satisfy most forex traders, though it’s not as rich or diverse as what’s offered by the best brokers in this category.
• Operating as an online business, this site may be compensated through third party advertisers.
• You should therefore ensure that you have reserved sufficient buffer usable margin before opening new trades.
• WorldTradex Apps include different expert advisors, apps, and indicators, some of which are free.
• 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.

Range of investments

Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. WorldTradex is https://worldtradex.site/ also a great option for beginners, due to its wide range of educational materials and easy-to-use platforms, including its latest integration with TradingView. Likewise, search “Trading Station” on your phone’s apps store to get the mobile platform. Some of the top traders use automated strategies to take the human element out of trading. With Trading Station Desktop, automated strategies are added with just a few clicks.

Payment Options and Withdrawal Times

All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Now you can copy trades automatically from successful traders in real time.

• WorldTradex is unique in the number of algorithmic trading tools available and a strong set of premium signals, a Technical Analyzer, Trading Analytics, and social trading via Zulutrade.
• Traders in the UK will trade with Stratos Markets Limited which is regulated by the UK Financial Conduct Authority (FCA).
• Ida’s passion for crypto trading sparked a deeper fascination with Forex technical analysis and price movement.
• The Standard Account is a commission-free account with a minimum deposit of 50 USD.
• In this way, the Market Scanner is a unique tool for technical traders.
• Indian clients will be trading under the subsidiary Stratos Global LLC, which is not regulated by any authority and is registered in St Vincent and the Grenadines (SVG).
• WorldTradex’s educational section comprises various trading guides, video tutorials, a section on the traits of successful traders, and a free online live classroom.

Account Trading Costs

We ensure transparency by incorporating regulator data and user insights. Our in-depth reviews consider over 200 metrics across seven key categories. The radar chart to the left shows how important each category is when calculating a broker’s final score. WorldTradex offers a limited range of tradable assets compared to other large international brokers. Lastly, traders are required to upload documents to verify one’s identity and residency.

MetaTrader 4 has been around since 2005, and most ECN and STP brokers offer its support. Traders are required to select their country of residence and trading platform (click here for more on WorldTradex’s trading platforms). Traders in the European Union will trade with Stratos Europe Limited which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). Indian clients will be trading under the subsidiary Stratos Global LLC, which is not regulated by any authority and is registered in St Vincent and the Grenadines (SVG). We offer many different platforms to suit your trading needs, but we’re particularly proud of our proprietary Trading Station. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com.