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. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. 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.

Whether you are an worldtradex client or you simply have an worldtradex demo, you can easily access Trading Station’s platforms. Customer support is available over the phone, by email or through Live Chat 6 days a week, Sunday through Friday. There is also an extensive FAQ page with sections for general questions, various product info, and trading information covering the majority of the enquiries you may have. Withdrawals are completed via credit or debit cards or bank transfers. The amount you withdraw to a debit/credit card cannot exceed the amount originally deposited.

Open Account & Get Rewards

Keep in mind that these are averages, so the spread may be higher or lower at any given point. There is no Zero or ECN account that charges a commission, so all account holders with worldtradex are charged spreads. MT4, also known as MetaTrader 4, is a popular trading platform developed by MetaQuotes. Its widespread adoption has made it a benchmark for other trading platforms. worldtradex Trading Station is a proprietary platform developed by worldtradex, a well-known online broker.

• Customer support is available over the phone, by email or through Live Chat 6 days a week, Sunday through Friday.
• 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.
• Pricing with worldtradex is reasonable, although not the best you will find.
• Some of the top traders use automated strategies to take the human element out of trading.

Tips and Tricks for Creating Custom Indicators

Deposits by debit or credit card typically take 1 business day, although it can be less. A bank wire deposit can take 1 or 2 business days for domestic transfers and 3-5 business days for international ones. The minimum deposit for debit/credit cards is $50, with a maximum of $10,000 per transaction or up to $20,000 per calendar month. Only Active Trader clients subject to tier pricing on spread costs receive a free VPS. worldtradex’s in-house education is above average, and primarily takes the form of articles, videos, and content produced for its worldtradex YouTube channel. Yes, based on your detected country of NL, you can open an account with this broker.

This approach allows me to execute trades more efficiently and manage risk more effectively. worldtradex is an excellent choice for algorithmic forex traders thanks to its wide array of related platform options that provide advanced charting tools and support automated trading strategies. In addition to the Real Volume indicators, Trading Station from worldtradex has other tools, such as those for drawing trend lines, using price overlays, and identifying Fibonacci levels. There are dozens of other tools as well, including automated strategies. worldtradex offers a good selection of markets, but some other platforms do offer more.

• Deposits by debit or credit card typically take 1 business day, although it can be less.
• This visual representation helps me quickly identify potential trading opportunities and stay focused on the markets.
• Despite originally opening in the U.S., worldtradex is not currently available to U.S. clients, although it is available in a range of other markets worldwide.
• Yes, you can import and use custom indicators created by third-party developers.

Can I access my demo account on the mobile app?

With its headquarters in London, Stratos Markets Limited (“worldtradex”) has grown to have multiple international offices and is licensed in several major regulatory hubs globally. worldtradex provides a respectable variety of market research from a combination of in-house content and third-party materials. Overall, worldtradex’s research is a touch above the industry average and will satisfy most forex traders, though it’s not as rich Worldtradex company reviews or diverse as what’s offered by the best brokers in this category.

You can use worldtradex to trade forex, cryptocurrency CFDs, indices, or gold. There is a total of 39 currency pairs available with worldtradex, including majors and commodity pairs. While this selection is reasonable, it is somewhat disappointing for a broker that has specialized in forex since 1999; most other forex brokers have the same number of or more pairs. That being said, worldtradex does offer the forex pairs that most traders will be interested in, so only advanced and professional traders are likely to feel the lack of choices. There are also 12 indices to choose from, seven commodities, the BUND treasury fund, and one cryptocurrency CFD, BTC/USD.

The platform offers a range of chart types, drawing tools, and indicators, but we’re going to focus on our own. You can access your demo account on the mobile app by logging in with your demo account credentials. Regularly monitoring my trades and adjusting my strategy as needed is crucial for success. I utilize the Trading Station’s performance analytics and MT4’s trade monitoring features to track my progress, find areas for improvement, and make data-driven decisions. As a trader, I’ve had the pleasure of working with both worldtradex Trading Station and MT4, and I’ve discovered that combining the two can be a game-changer for my trading performance.

My worldtradex Trading Station vs MT4: Which Platform Reigns Supreme?

It’s like having a secret sauce that gives me an edge over the market. My journey with worldtradex Trading Station began with a lot of trial and error, but eventually, I was able to create a system that worked for me. In this article, I’ll share my experiences, tips, and tricks for mastering custom indicators on worldtradex Trading Station. If you’re looking for advanced automated trading capabilities and a wider range of customization options, MT4 might be the better choice. You can also try out both platforms and decide which one suits you best.

Stratos Global LLC (“worldtradex”) is incorporated in St Vincent and the Grenadines with company registration No. 1776 LLC 2022 and is an operating subsidiary within the Stratos group of companies. worldtradex is not required to hold any financial services license or authorization in St Vincent and the Grenadines to offer its products and services. I use the custom indicators to analyze market conditions, identifying trends, ranging markets, and areas of support and resistance. The indicators help me gauge market sentiment, anticipating potential price movements and adjusting my trading strategy accordingly.

Don’t worry if you’re new to programming – worldtradexScript is designed to be easy to use, even for those without extensive coding experience. As a busy trader, I need a reliable trading platform that can keep up with my fast-paced lifestyle. I discovered the worldtradex Trading Station mobile app, and I was excited to put it to the test.

worldtradex dates back to 1999, making it one of the earliest forex brokers. Despite originally opening in the U.S., worldtradex is not currently available to U.S. clients, although it is available in a range of other markets worldwide. Since 2015, Leucadia has been the majority economic owner of the broker, adding to the platform’s scale. worldtradex is regulated by the FCA (Financial Conduct Authority) in the U.K., which includes default insurance of up to GBP 50,000 for worldtradex and up to GBP 85,000 if the custodial bank fails. worldtradex is also regulated by ASIC in Australia, and FSCA in South Africa.

For many traders and investors, a home office equipped with a desktop PC is the preferred way to access the forex/CFD market. For those individuals, hosting Trading Station locally via download is an easy way to get up and running in the market. The worldtradex group of companies (collectively, the “worldtradex Group”) is a leading provider of online foreign exchange (forex) trading, CFD trading, and related services. Pricing with worldtradex is reasonable, although not the best you will find. The average spread for EUR/USD is 1.3, and users can view an updated list of average spreads on the “Spread Costs” page.

Analyzing Market Conditions

worldtradex was founded in the United States, but as of 2017, it left the U.S. market. This process involved existing holdings and U.S. clients being reorganized under Global Brokerage, a company with an ownership interest in worldtradex. In late 2017, Global Brokerage filed for Chapter 11 bankruptcy, but worldtradex Group is not involved. Other than the issues with former U.S. clients, worldtradex has not faced any other investigations or issues in recent years.

I’ve tried various platforms, but not limited to, MetaTrader, cTrader, and Trading Station. My experience with worldtradex Trading Station dates back to 2018, while I started using MT4 in 2019. Comparison is based on the average worldtradex Group spreads of the period April 1, 2022 to June 30, 2022. Some of the top traders use automated strategies to take the human element out of trading.

How do I get technical support for the mobile app?

Custom indicators are technical analysis tools that can be tailored to your individual trading strategies and preferences. The app offers a range of features, including real-time charts and quotes, technical analysis indicators, market news and analysis, and more. Throughout my journey, I’ve noticed that worldtradex Trading Station is more beginner-friendly, while MT4 offers unparalleled customization options and a vast range of indicators. I’ve found that Trading Station is ideal for those who want a more straightforward trading experience, while MT4 is better suited for advanced traders who require extensive customization options. Since 1999, worldtradex, has been a pioneer in developing online forex offerings for retail traders.