worldtradexFX doesn’t charge traders any commission for holding an order overnight. worldtradexFX offers a great demo account that is easy to sign up for, just needing the most basic of your personal information and an email address. Here you can benefit from the ICF insurance protections provided in the case of bankruptcy or insolvency.

How much are Trading Fees with worldtradexFX?

Overall, this is an excellent hybrid combination that can secure the best market prices, lowest spreads, and fastest trade execution. 4 of these are available for trading through MT4 and this offering includes major indices from the EU, US, Australia, and Japan. These are Gold, Silver, WTI, Natural Gas and Brent Crude oil, with the oil commodities only being available to trade through MT5. Here are some of the spreads we found on the most commonly traded assets with worldtradexFX as an example. Even though the spreads can also be very low on MT4, and MT5 accounts, as low as 0.2 pips.

The platform will automatically execute trades on your behalf, mirroring the signal provider’s actions in real-time. Browse the available list of signal providers and select one whose trading strategy aligns with your financial goals and risk tolerance. You can use worldtradexFX’s filters to refine your search based on performance metrics and other criteria. For novice traders, copy trading can serve as an educational experience. By observing how more experienced traders manage their accounts, beginners can learn about various strategies, risk management techniques, and market analysis methods. This can be an invaluable learning tool for those looking to eventually trade independently.

Allocating Funds

After your account is set up, fund it with the amount you’re comfortable using for copy trading. This can be done via several payment methods offered by worldtradexFX, such as credit/debit cards, e-wallets, and bank transfers. If your copy trading results in profits, you can withdraw your funds whenever you choose, depending on the withdrawal methods supported by worldtradexFX. worldtradexFX provides well in terms of language choice to traders, though there is a clear focus on the Asian market when it comes to available languages.

worldtradexFX Copy Trading

This is the commission fee charged by the Master (Signal Provider) whose trade you are copying, and it is up to the individual provider how much this fee will be. When it comes to spreads and commissions, worldtradexFX works both with floating and fixed spreads. The floating spreads can start from 0 pips depending on your account type. There may also be a fixed exchange rate in place to benefit you as a trader depending on location. Here the broker makes a special fixed exchange rate of 1 USD to 10,000 IDR available that can help traders combat currency volatility.

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• Overall great value with a choice of more than 70 assets to trade.
• So, like, I’ve tried out loads of brokers, and let me tell you, worldtradexFX is like, legit the bomb, you know?
• To get started with copy trading on worldtradexFX, you first need to create an account on their platform.
• One of the standout features of worldtradexFX copy trading is the wide selection of signal providers available.
• During this period you will be featured on a leaderboard for your virtual trades with the aim to reach the top where real prizes of up to $1,000 withdrawable money on MT4.

But for the last few months, I have been facing issues with withdrawal. Tried calling customer support many times but didn’t get any satisfactory answer. Distressed with the services, I searched for another Forex broker and found TradeEU. The broker was regulated, I quickly created an account and started trading. After using the platform for over 1 month, here’s my review – The platform is perfect, leverage is good, spreads are lowest and most importantly, the withdrawals are quick. It took only a few hours for withdrawals to credit to my bank account.

The first step to starting with worldtradexFX Copy Trading is to create an account on their platform. You’ll need to provide some personal details and complete a verification process. Research tools provided by worldtradexFX include a well-detailed economic calendar which keeps you updated with all significant economic events and how they may impact you. You can access strategies to follow through the community forums and program your own with MQL5 and C# fully supported. Unlike most brokers, worldtradexFX does not charge any kind of inactivity fee. Here is a look at a couple of other fees that you may encounter when trading with worldtradexFX.

Risk Management

Here, if you have a USD base currency account, you can opt for fixed spreads that start at 2 pips on certain forex pairs. The worldtradexFX MT5 pro account is one which they recommend for the more experienced traders. With that said, the minimum deposit here is still low enough for all types of trader to get involved. This is $50 minimum deposit within the EU with the account being available worldwide. Founded in 2011 in Cyprus, worldtradexFX is a well-regulated broker with oversight in place from CySEC and SVG.

• Once your account is funded, the next step is to browse through a list of available traders to copy.
• One thing I really appreciate about worldtradexFX is that they don’t hit you with those overnight charges.
• Any statements about profits or income, expressed or implied, do not represent a guarantee.
• This can be done quickly by visiting their website and registering.
• Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings.

Benefits of worldtradexFX Copy Trading

In the meantime, use your spare time to enrich yourself with trading knowledge. You can read trading articles, watch educational videos, or even apply to a training academy. Keep in mind that improving your trading skill is never a waste, even as a copy trader.

While the trades are copied automatically, it’s essential for users to regularly monitor their account’s performance. Once funds are allocated, all future trades made by the signal provider are automatically copied to your account in real-time. There is no need for manual intervention, as the system ensures that the trade sizes, stop losses, and take profits are mirrored. Copy trading is particularly beneficial for those who are new to trading and lack the expertise to make sound decisions. By copying experienced traders, users can take part in the markets without needing to fully grasp the complexities of technical analysis, chart reading, or other trading skills. Once your account is funded, the next Worldtradex review step is to browse through a list of available traders to copy.

This is provided both through their own dedicated copy trading platform and a mobile trading app for on the go trading. You can choose to either be a copier, or a “Master Trader” where others will copy you and you will earn a commission. Passionate in contemporary global financial issues, I’m currently active in researching topics on forex, trading strategies, and cryptocurrency. Available to work on various scopes related to trading; from beginner’s guide, technical analysis, broker guides, to fundamental insights. While you don’t necessarily have to master the knowledge of making profits from copy trading, it does require some basic understanding of what to look out for. Some of the most important things to be considered are the copy trading platform and the trader to copy.

worldtradexFX provides detailed profiles of traders, showcasing their performance, strategies, risk levels, and trading history. You can filter these traders based on various factors such as profit percentage, risk levels, trading style, and other parameters. worldtradexFX is a good ECN DMA broker choice and great for scalping, hedging, and autotrading. A low spread andminimum depositas well as its own copy trading service make it perfect for many. While they do offer top trading platforms MT4 and MT5, if you are looking for a wide range of assets they may not be perfect.

worldtradexFX offers a variety of deposit methods, including credit/debit cards, bank transfers, and e-wallets. Your account balance will grow or decrease based on the success of the trader you are copying. If the trader makes a profitable trade, you’ll share in those profits, proportionate to your investment. Conversely, if the trader incurs a loss, it will be reflected in your account as well. Here is a more detailed look at the wide range of top trading platforms you can expect to find when you are trading at worldtradexFX, and what they can provide you with. The worldtradexFX Masters fee is applied if you are copy trading with the broker.

You can look forward to trading with the MT5 trading platform on this account where the spreads start at great value from 0.2 pips. The first, and best place for most traders to get started is an worldtradexFX demo account. Here you can learn the ropes, ideal for a beginner, with no obligation to enter live trading. The platform itself is easy to use on both sides and provides you with a good ability to see the performance of other traders and a number of metrics. In fact, the platform and broker have won many awards for this service.

They particularly cater very well for the new traders with an excellent basic training in forex including topics like how to get started with the broker, ECN trading, and technical analysis. Managing risk is of course a vital element for any forex trader and broker combination. worldtradexFX utilizes all of the tools that are in place with your trading platform to help you to do this.

In addition to the markets offered, as an worldtradexFX trader, it is likely that you may come across some of these extra products that the broker makes available depending on your location. MetaTrader 4 is extremely well regarded in the industry as one of the top trading platforms ever. Here you get exactly what you expect with a very robust and extremely powerful and also lightweight trading platform that can run on virtually any device.