The worldtradexpy Python Package enables application builders to use a REST API in their applications, creating algorithmic trading strategies. worldtradex offers fewer base currencies than other large international brokers, and it charges high currency conversion fees. Deposits via bank transfer can take several business days to land in a trading account, while credit card/debit card and e-wallet transfers are instant. 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).

Trading Signals

Learn how regulators protect traders https://worldtradex.pro/ and how the Forex market is regulated. FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. Our in-depth reviews consider over 200 metrics across seven key categories.

However, it should be noted that the variety of accounts may not satisfy all types of traders—for instance, there are no accounts with fixed spreads. The ability to copy trades through ZuluTrade is an additional advantage, expanding options for various trading strategies. The worldtradex Active trader account is tailored for frequent traders seeking premium features. Benefits include dedicated support, tighter spreads, and no commissions for UK residents.

Residents of cuba are not eligible to apply for an worldtradex live trading account. Residents of Congo – Brazzaville are not eligible to apply for an worldtradex live trading account. Residents of Central African Republic are not eligible to apply for an worldtradex live trading account. Residents of bermuda are not eligible to apply for an worldtradex live trading account. Residents of burundi are not eligible to apply for an worldtradex live trading account.

Is worldtradex suitable for spread betting?

These factors may be particularly significant for traders who do not plan to trade actively or are looking for more options for customization. worldtradex represents a comprehensive solution that will benefit traders of all levels — from beginners to professionals. Beginners will appreciate the accessible educational materials and analytics, while experienced traders can use various instruments and flexible platform settings. Ida is a financial writer with a degree in Digital Marketing and a strong background in content writing and SEO. Her expertise extends beyond marketing and writing, with a keen interest in cryptocurrencies and blockchain networks.

However, the legality of spread betting may vary based on your country of residence, the location of your broker, and any other applicable regulations. The United States, for example, does not allow the trading of either spread betting instruments or CFDs for its residents. Yes, worldtradex offers spread betting, primarily for https://worldtradex.club/ UK clients, allowing tax-free trading on a range of financial instruments. Yes, worldtradex provides a Virtual Private Server (VPS) service for traders who need reliable and fast access to their trading platforms. However, it’s essential to consider drawbacks such as fees for account inactivity and the limited variety of trading accounts.

Excellent range of investments for spread betting – City Index

Still, it is important to note that it does not consider a trader’s personal circumstances and trading objectives; therefore it should not be considered investment advice. As always, be aware that past performance is not indicative of future results. Like other brokers, worldtradex offers a complementary economic calendar and daily economic news containing some light analysis.

• worldtradex Apps include different expert advisors, apps, and indicators, some of which are free.
• It offers a wide range of indicators, scripts, and the ability to use automated trading systems.
• Discover more about its tools and available instruments in my complete review of City Index.
• It offers access to a wide range of markets, including Forex, commodities, indices, stocks, and cryptocurrencies, totaling over 100 assets.
• Upon completing the application you will be provided a username and password.
• Select your country of residency below to see which regulated forex brokers will accept you as a new customer for trading forex.

Residents of Vanuatu are not eligible to apply for an worldtradex live trading account. Residents of United States are not eligible to apply for an worldtradex live trading account. Residents of Ukraine are not eligible to apply for an worldtradex live trading account.

They are also not required to offer negative balance protection and have no leverage restrictions. worldtradex offers comprehensive 24/5 customer support globally, providing assistance through phone, email, messaging services, and live chat. Aside from this quotation difference and the tax treatment difference in places such as the U.K. And Ireland, there is essentially nothing else to differentiate between spread betting and CFDs. Additionally, spread betting uses “points” to measure profit and loss — usually denoted as pounds per point — while CFDs rely on actual price movements of the underlying asset. It’s also important to note that the broker charges a fee of $40 for withdrawals via bank transfer.

However, worldtradex takes its analytical offering one step further with Market Data Signals and the Market Scanner – tools to help traders uncover potential trading opportunities in the market. Indian traders can deposit and withdraw funds either by credit/debit card, Skrill, Neteller, or via an EFT/Bank Wire Transfer. worldtradex does not charge administration fees for deposits via credit card, debit card, and bank transfer.

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. Additional major toolsets at worldtradex are apps, VPS hosting, and API tools to build custom applications for algorithmic trading. worldtradex offers a wide range of trading tools to help traders make better trading decisions. Traders are required to select their country of residence and trading platform (click here for more on worldtradex’s trading platforms). Indian traders are eligible to open an account at worldtradex but need to meet the minimum deposit requirement of 50 USD. Residents of Zimbabwe are not eligible to apply for an worldtradex live trading account.

Deposit & Withdrawal

worldtradex’s market scanner allows for rapid scanning of Forex and CFDs based on selected technical parameters. Users can choose desired indicators and time frames to find the most vital signals. The signals provide clear entry and exit market recommendations, with predefined stop-loss and take-profit levels. It offers a wide range of indicators, scripts, and the ability to use automated trading systems.