With over 200 available assets, traders can diversify their portfolios and take advantage of different market conditions. A lot means 100,000 units of the base currency in forex trading. Modern brokers offer mini lots with 10,000 units and micro lots with 1,000 units to traders with lower capital. Rollover rates are the interest rates paid or earned for holding a currency position overnight, determined by the interest rate differential between the two currencies in the pair. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process.
This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters. Yes, it is possible to have a profitable strategy when trading with WorldTradex, which offers the reliable MetaTrader 4 platform and plenty of analysis to support forex trading. This will be enough to satisfy most traders and provide opportunities to deploy a range of forex trading strategies. A Forex swap rate depends largely on the underlying interest rates of the currencies in the pair that is being traded. The multi-lingual customer support team at WorldTradex is available 24/5 via telephone, live chat, and email, but, as with all regulated brokers, cannot offer investment advice.
Does WorldTradex Provide Various Trading Platforms?
With the stop-loss order, the trader can minimize the loss in a trade if the price goes in opposite direction. The order is activated when the price of a currency pair reaches a certain price level. The trader can place a stop-loss while opening a trade or it can be placed even after opening the trade. The stop-loss order is one of the basic tools to manage the risk. The limit order enables the trader to set a price limit up to which currency pairs are bought or sold. This allows planning to trade certain price levels and avoid overpriced buying prices or selling prices that are too cheap.
Other Trading Platforms
In this case, Trader A might earn a swap credit, boosting their overall profit. Conversely, Trader B, holding a short position in the same currency pair, might end up paying swap charges, reducing their net gains. Forex swaps are calculated based on the interest rate differences between the currencies being traded and are typically shown in pips. These rates are applied to open positions at the end of each trading day and can greatly affect your overall trading costs, particularly if you tend to hold positions overnight.
- Also, there are no commissions for trading, deposits, and inactive accounts.
- Simply put, these rates represent the difference in interest rates between two currencies involved in a forex trade.
- Our receipt of such compensation shall not be construed as an endorsement or recommendation by FxScouts Group, nor shall it bias influence our reviews, analysis, and opinions.
- However, due to European regulations, this bonus is not available for clients from the EEA.
- The secure back office of WorldTradex handles all financial transactions.
Open a demo account
It is a price at which WorldTradex (or another counter party) offers to buy the currency pair from https://worldtradex.pro/ a client. It is the price the client will be quoted when wanting to sell (go short) a position. Pairs like AUD/JPY and NZD/CHF often have higher interest rate disparities, allowing you to earn more from positive rollovers.
- Depending on the direction of your trade, swap rates can either help or hurt your trade’s outcome.
- A diverse portfolio can cushion your overall trading strategy from unforeseen market changes.
- Rollover rates represent the interest rate differential between two currencies in a pair.
- You can find out how much it is on the contract specification page for the instrument you are trading.
- One excellent addition would be copy trading, allowing rookie traders to mirror and learn from more experienced peers, who can earn commissions from copiers.
- Regulation is the most important consideration when choosing a broker.
WorldTradex Trading Platforms
Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
Spreads And Trading Commissions
WorldTradex operates on a spread-only model, with spreads starting as low as 0 on major currency pairs. To avoid negative rollovers, consider short-term trading strategies that don’t involve holding positions overnight, like day trading or scalping. To profit from rollover rates, focus on trading pairs with significant interest rate differences. Use carry trade strategies and hold long positions in high-yielding currencies.
The World Best Trading Account
As we have already noted, the amount of the swap fee depends on which financial instrument you are trading. It can be a positive or negative rate depending on the position you take but regardless of the position you take, you would always be charged for holding the position overnight. However, due to other considerations, such as brokers’ data feed and commissions, interest cost will be charged on open trade positions (long or short). Ida is a financial writer with a degree in Digital Marketing and a strong background in content writing and SEO.
Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by FxScouts Group, nor shall it bias influence our reviews, analysis, and opinions. Overall, WorldTradex would do well to add some more trading tools to its arsenal.
