However, while worldtradex has taken the step of elevating its users’ trading experience, it still has much to do to stand Worldtradex scammers shoulder-to-shoulder with the best brokerages. Details regarding futures trading fees are subject to verification, and potential traders should consult worldtradex’s official platform for accurate, real-time information. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. In our assessment, worldtradex is best for active forex traders looking for ultra-tight spreads with ECN pricing and fast execution speeds. Our evaluation of worldtradex shows there are limited trading promotions for retail traders.
worldtradex Forex and CFD Standard Account
With that said, there is a ‘Contests’ tab in the broker’s platform which can be monitored for the opportunity to win prizes. There is a blog, an index of financial terms and a collection of research notes (both a subscription and a historical library). Yet while we enjoy using these features, our team finds that the depth and quality of market research don’t rival alternatives like IG Group. Both platforms, MT4 and MT5, are available for desktop as well as mobile versions, Android and iOS, for use on smartphones and Tablets. Examine the latest Customer Reviews and Comments about the Top Forex Brokers written by real traders and Forex experts on a daily basis.
User Trust Scores and Reviews of worldtradex Broker
Additionally, the broker charges withdrawal fees which vary depending on the method you choose. Many leading forex brokers we evaluate do not charge at all, so this is a negative, especially for traders who make frequent withdrawals. The brokerage offers Basic and Pro accounts, ensuring that both trading enthusiasts and seasoned investors find an accommodating trading environment. And while the choice of instruments is great with worldtradex, the broker also offers access to an impressive number of trading platforms, with five platforms to choose from.
Our vast portfolio encompasses stocks, currencies, options, futures, CFDs, bonds, and cryptocurrencies, ensuring our clients have diverse investment opportunities. In a world full of trading possibilities, worldtradex is a solid choice for investors seeking a seamless blend of affordability and top-notch trading platforms. Built for both novice and seasoned traders, the broker offers an impressive suite of account types, ensuring a flexible and rewarding trading environment for its customers. worldtradex offers a wide range of tradable instruments, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks.
However, most withdrawals are charged 0.20% – 2.5% of the withdrawal amount. On the other hand, there’s a 2 USD commission per traded lot per side. The available trading platform is MetaTrader 5 with a minimum initial deposit of 100 USD. There are 50 currency pairs available for trading on this account in addition to indices and commodities. In this review of worldtradex, we’ll discuss the broker’s safety policies and regulations, trading platforms, account types, trading fees, and more.
We are also disappointed by the deposit and withdrawal fees, which can be avoided at other forex brokers we use. worldtradex requires a minimum initial deposit of USD 100USD on your standard account. This broker also offers the following trading assets, shares, cryptocurrencies, futures, options, CFD, and Eurobonds. The broker has a trading portfolio of 26 major and minor currency pairs.
They have mobile-optimized charts, multiple order types and facilitate one-click trading. The broker is also a member of the Investor Compensation Fund, which protects clients with compensation of up to €20,000 in the case of an unresolved dispute with the brokerage. However, this broker’s low Trustpilot rating (2.5/5) and limited worldwide availability (only 33 countries) make it not the best option for everyone. It’s crucial to recognize that online reviews reflect personal opinions and may not capture the full spectrum of client experiences. Traders should view these reviews as one aspect of their comprehensive assessment of worldtradex. While worldtradex advertises 24/7 support, some users have reported occasional delays in response times.
MetaTrader 5 (MT
We consider this a rather limited variety when compared to other brokers. We have interwoven our advantages to create a seamless tapestry of trading excellence. Every aspect, from platform diversity to continuous support, is meticulously refined to align with your trading journey, ensuring that each interaction is a step towards achieving your financial goals.
- These accounts have variable spreads from 0.0 pips and trading commissions from $2 per lot.
- There is also a campaign to become a professional trader which offers a bonus of up to $2000.
- Like some of its major competitors, worldtradex aims to educate its users through various learning resources.
Your Gateway to Global Markets
- These apps enable traders to execute trades, analyze charts, and manage their accounts from anywhere.
- Our headquarters are strategically situated at the heart of Limassol’s bustling business district.
- Importantly, forex can be traded via contracts for difference (CFDs).
- Customers can also access a wealth of information on the trading platform, including detailed FAQs and tools for answering questions and explaining diverse trading nuances.
- These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency.
Such policies solidify worldtradex’s reputation in the financial trading space. worldtradex doesn’t charge withdrawal fees, prioritizing smooth and straightforward financial transactions. The company now has more than 155,000 clients in over 130 countries. This is a good indication that the brand is a large, legitimate brokerage.
For instant funding, I recommend card payments, which I find easy to set up, while bank wire transfers can take up to 5 days. On the downside, our research has revealed that swap-free accounts are not available. Nor does the broker provide us with information about the processing of withdrawals or the withdrawal waiting times. worldtradex applies a minimum trade size for all its accounts of 0.01 lots (micro lot). During the registration, you will be required to provide additional information and provide proof of residency along with proof of your identity for verification.
Account Types
The laudable support system is multi-channelled across live chat, email, and phone communication. Customers can also access a wealth of information on the trading platform, including detailed FAQs and tools for answering questions and explaining diverse trading nuances. The broker ensures customers get easily accessible real-time assistance during standard hours (9 – 6 EST) via a live representative. They also extend their reach to cater to queries during extended hours. The broker’s trading fees are competitive, making it appealing to both novice and experienced traders. First among them, CQG is a platform that is aimed at the more professional segment of the market than MT4/5 and many other typical retail platforms.
worldtradex also offers many other trading instruments on their CQG, ROX and J2XT trading platforms. 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.
Start investing with us and experience a harmonious blend of innovation, efficiency, and security, propelling you towards your desired financial future. Each account type offers unique features tailored to different trading needs, ensuring that traders can find the most suitable conditions for their style and experience level. However, traders should pay attention to potential charges by individual payment channels. The deposit minimum is accessible, making the broker a decent option for seasoned and novice traders.
Dozens of currency pairs are available with below-average fees, high-quality order executions and access to two leading platforms – MT4 and MT5. Our only complaint is that while this broker offers negative balance protection on their Standard account, it is not available on the other trading accounts. This means clients can lose more than their account balance if the markets move against them. Looking at the negatives, worldtradex scores poorly when it comes to education, reducing its suitability for beginners.
DEMO ACCOUNT
Before deciding to trade in any kind of financial market or financial instruments, you should carefully https://worldtradex.site/ consider your investment objectives. By offering a wide selection of instruments, traders can diversify their holdings and capitalize on potential gains across various sectors and asset categories. worldtradex has won 6 prestigious awards, offering excellent services to over 155,000 users. In essence, worldtradex has a deposit and withdrawal structure prioritizing efficiency with no hidden costs.