Remember, it’s okay to close a trade early if you feel it’s the right decision. Trust your judgment, but also stick to your trading plan. In the next section, we’ll talk about how to manage your trade once it’s open. Worldtradex offers three main account types, each designed to fit different trading styles. Till date, the ED has attached or seized or frozen assets worth Rs 160.8 crore in the case, including properties in Spain. The agency has also filed two prosecution complaints.

Mule accounts, url masking: How forex trading platform WorldtradexFX scammed investors

• This may not get you a guaranteed profit every time, however, it is a good start for developing your strategy.
• To learn more, read our quick guide about how to trade on news.
• We are constantly improving our product to make your trading experience better.
• Trust your judgment, but also stick to your trading plan.

Use it to plan your trading day and choose the best times for opening and closing orders. Yes, Worldtradex provides various trading tools including economic calendars and trading calculators. The firm had defrauded investors under the guise of forex trading, and generated more than Rs 800 crore in less than a year. In the ‘Trade’ tab, you can set volume and press ‘Buy’ or ‘Sell’ or press the ‘Open Order’ button to see more options. To close an order, you can double press (long press on mobile) it in the order list and select ‘Close’ or press the cross on the right side (on web and desktop).

years in the market

You’ve made some trades and hopefully seen some profits. Now, let’s talk about how to get that money out of your trading account and into your pocket. Take some time to click around and get comfortable with these different areas. Don’t worry about making mistakes – remember, you can always practice on a demo account without risking real money.

During the June 13 raids, the federal agency seized various incriminating documents and digital devices that showed how the platform duped investors. You can view and manage all your orders in the ‘Orders’ section. To close an order, pick it from the list and press ‘Close’ in the ‘Edit order’ window. You can also set stop loss and take profit here to make your order close automatically if the price gets lower or higher. By learning how to start trading on Forex, you can open a new source of income for yourself. But first, you need to learn how to trade and make a profit with it.

You can always open more trading accounts on different trading platforms for free. Here you can find all the most crucial Forex trading tools in one place. Use this page to see which trading sessions are currently open and check the exact trading hours for every available asset. Learn about the next important event that can affect market prices and check live quotes for major currency pairs with this simple trading helper. Use it whenever you need a quick glance at the market before opening an order.

How Stop Loss and Take Profit work

Depending on your needs and preferences, you might enjoy the modern interface and frequent updates of WorldtradexTrader or a more traditional yet stable approach of MetaTrader 5. MetaTrader 4 is also a good but more limited option. A minimum deposit might not be enough to diversify your investments.

New instruments: XRPUSD and BCHUSD

• The minimum deposit in Worldtradex can vary depending on your region and the payment method.
• But first, you need to learn how to trade and make a profit with it.
• Before we place our first trade, let’s cover some essential concepts.
• Worldtradex doesn’t charge fees for withdrawals, but your bank or e-wallet provider might.

Over two years of research and development, we have interviewed traders worldwide, discussing the platform’s usability. Download our app and keep track of your orders whether you’re in the office, on vacation, or at home. Every year we improve our conditions to make your trading journey easier. Worldtradex doesn’t charge fees for withdrawals, but your bank or e-wallet provider might.

It’ll help you expand your knowledge about the market in general and our services in particular. If you feel like practising with virtual funds before switching to real trading, you can open an Worldtradex demo account. A demat account is a digital storage mostly used by Indian investors to hold securities in virtual form. The main difference between demat and trading accounts is that the former is just a repository, and the latter allows you to buy and sell your securities. To open your first Worldtradex trading account, sign up and follow the instructions.

Trade on the go with the Worldtradex trading app

We’ll take you from complete newbie to placing your first trade, and beyond. It was also discovered that nearly 50 per cent of user funds were diverted from the WorldtradexFX platform to mule payout accounts. You’ll need to learn how to trade Forex first, but if you’re an adult—there’s nothing stopping you from making Forex your second or even a primary source of income. Keep in mind that you’ll need to verify you’re over 18 years of age to withdraw funds. It depends on the level of risk you’re willing to take. This schedule shows the actual trading time for every asset offered by Worldtradex.

According to the risk management basics, the Worldtradex official site more funds you have, the fewer risks you expose yourself to. First, you need to enter your name, email, and a secure but easy-to-remember password. You’ll also need to specify your experience in trading.

This avoids making rookie trading mistakes while you learn! We have a complete Worldtradex copy trading review you can check out later. Now that your account is funded, it’s time to get familiar with your trading platform. Don’t worry if it looks complicated at first – we’ll break it down together.

The minimum deposit in Worldtradex can vary depending on your region and the payment method. There are many strategies that allow you to profit from currency price fluctuations, for example, scalping, martingale, hedging, news trading, and many others. Read our Trading Strategies article to find a detailed description of the most common strategies and choose the best one for you. Margin is the amount of funds required to open new and maintain open positions.

You can use our Trading Calculator to figure out your required margin. If you don’t have enough funds (for example, if your floating loss gets too high)—you might be asked to top up your account to keep your orders. Our reach makes financial markets accessible to traders worldwide. We measure success by the cost-effective trading conditions we provide and by success stories our traders share. After-hours trading occurs when the day’s normal trading session is closed. For example, the major stock exchanges in the U.S. close at 8 p.m.

Keep in mind that MetaTrader apps are blocked on iOS, so you might have to use their web or desktop versions. You can also download the Worldtradex Trading App and trade on WorldtradexTrader.WorldtradexTrader is our built-in trading platform. The best of both worlds, it offers a modern interface that’s easy to learn and tinker with, along with a complete selection of instruments. With WorldtradexTrader, you can trade and manage all your accounts in a single web or mobile app. A trading account is where you store funds and trade currencies or other assets. You can create multiple trading accounts for your Worldtradex profile, each with its own balance and leverage.

From there, you can log in to your profile to manage your funds, get bonuses, and take part in our promotions, or start trading immediately in the web terminal. Web and mobile trading https://worldtradex.biz/ platform WorldtradexTrader enables you to diversify and upgrade your trading. You can also create accounts on the MetaTrader 4 and MetaTrader 5 platforms to trade Forex, cryptocurrencies, and other instruments. Compare the platforms’ features to find the one that is right  for you. Raids revealed that the forex trading app routed investor funds through mule accounts into escrow accounts of unauthorised payment aggregator Dinero Payment Services.