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. In addition to the above, all live accounts have access to WorldTradex’s proprietary Trading Analytics tool. This tool is designed to highlight the areas in which you can improve your trading. The WorldTradexpy Python Package enables application builders to use a REST API in their applications, creating algorithmic trading strategies.
Always had a good experience and great…
A glossary of over 45 relevant trading terms is available on the website. Forex trading ‘A to Z course’ is available to account holders upon request. The video library contains easy to understand videos on platform use, forex introduction, order types and mobile platform tutorials.
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The company has over 10 international offices and more than 25 industry awards. In particular, I would recommend Capitalise.ai for users interested in algorithmic trading but that don’t have coding skills. You can enter instructions in text form and the tool will sort the coding for you. All in all, I think the asset classes offer broad coverage that most traders will get a lot out of, but WorldTradex’s instrument list lacks depth, especially in its range of stocks.
Deposits and Withdrawals
Unlike many other brokers, WorldTradex does not charge credit or debit card withdrawal fees. Auto-trading is an ideal solution for traders who do not want to create their strategies or lack the skills to do so. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs.
Supported Platforms
WorldTradex offers traders easy access to the Forex market with the Trading Station and MT4 mobile platforms, available on Android and iOS. WorldTradex provides a respectable variety of market research from a combination of in-house content and third-party materials. 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.
- This represents a good selection of payment options and the absence of a crypto deposit option is the only minor complaint I have.
- WorldTradex ranks among the most competitive brokers industry-wide, especially for high-volume traders using algorithmic trading solutions.
- The index ratio indicates whether traders are net-long or net short a certain currency pair and to what extent.
- On the other hand, there is an inactivity fee for dormant accounts and a withdrawal fee for bank transfers, which can significantly increase a trader’s expenses.
- Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.
Such tools include a range of additional APIs like Rest API, Java API, and FIX API, as well as ForexConnect, all aimed at improving your algo-trading experience. This is the same as 0.01 standard lots and effectively has a cash value of $1000. With that in mind then, this is the lowest trade size you can open, though this amount can be further reduced significantly if you are taking advantage of the WorldTradex leverage on offer.
- Regulation is the most important consideration when choosing a broker.
- Although it can be helpful, new traders should complete their education with a real money account before becoming overly confident.
- The number of tradable assets available is quite limited when compared to other brokers who offer thousands of assets, such as IG.
- Tune in to “Let’s Talk Forex,” a podcast designed for traders of all levels.
- I found this tool to be a really way to find trade ideas which can be helpful if you need some inspiration.
- The only thing that could enhance the section would be the introduction of additional educational formats, such as video courses or podcasts.
WorldTradex offers fewer base currencies than other large international brokers, and it charges high currency conversion fees. South African traders will trade with Stratos South Africa (Pty) Ltd an authorised financial service provider regulated by the South African Financial Sector Conduct Authority(FSCA). ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. Before making https://worldtradex.pro/ any trading related decision, contact a local professional financial advisor. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process.
TradingView, a well-known financial research organisation that offers charting and analytical services, provide this professional charting package. ZuluTrade is one of the top social trading platforms, but not quite on par with the industry leading eToro. Clients that are interested are sent to the ZuluTrade portal, where they may select from a variety of signal sources and automatically duplicate their trades. Just keep in mind that there is no guarantee on how good or bad these signals will perform.
WorldTradex maintains an excellent choice of trading platforms with a distinct focus on algorithmic trading. Besides MT4, traders may use the proprietary Trading Station. Social traders may connect to ZuluTrade, and WorldTradex offers services by TradingView Pro free of charge for one year to all new clients. Trading Station is equipped with a charting package, intensive support for automated trading solutions, advanced indicators, and market data provided free of charge. This is perhaps the most widely used trading platform by forex and CFD traders around the world.