worldtradex offers a variety of convenient deposit and withdrawal methods to accommodate traders’ needs. Once these steps are completed, traders can access their account and begin trading immediately. worldtradex lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and Brent. Overall, the asset selection is both impressive and more than ample for new and intermediate traders.
Bonuses and Promotions:
In addition to access to daily market analysis and market education resources, you can get a 100% first deposit bonus of up to $2,000 when you open an worldtradex XL account. If you want to check out this broker’s services and trading platform, just open a free demo account with no minimum deposit. The broker lets you trade the available financial instruments using the MT4 trading platform. The software offers an impressive array of analytical tools, including nine timeframes and four chart types for each financial instrument to ensure detailed market analysis. worldtradex maintains a transparent and straightforward fee structure by primarily charging competitive spreads, with minimal or no additional fees such as commissions or overnight swaps. Unlike many other brokers, worldtradex does not impose non-trading fees, including withdrawal or inactivity charges, depending on the account type.
We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Whilst we try to keep information accurate and up to date, things can change without notice and therefore you should do your own research. You just need to click on the ‘Register’ button at the top-right corner of the brokers website. You will be required to fill in the account application form with your details and may be asked to provide some KYC documents in order to verify your account. This is pretty standard procedure when dealing with a regulated broker as they must follow AML policies. I like how the process is all done online and shouldn’t take you more than a few minutes to complete.
- Here is a screenshot of the worldtradex quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.
- worldtradex does slightly better with its educational content, which includes some basic e-books, articles, and a glossary of key terms.
- On the downside, the offshore branch is unregulated, reducing the broker’s safety rating for global traders.
- In the following paragraphs, we will explore each of these tradable instruments in greater detail, highlighting the unique features and opportunities they present.
Does worldtradex Have A Mobile App?
I appreciate the support team of the worldtradex broker for the help I get here in terms of conversations and questions that I ask about different issues. I was attracted by low margin requirements, high leverage and tight floating spreads. Together with the NDD/ECN executions, the broker’s offer is far above the middle range of the industry.
Yes, worldtradex is regulated by reputable financial authorities, including the Australian Securities and Investments Commission (ASIC) and the Financial Services Authority (FSA) of St. Vincent and the Grenadines. These regulatory bodies impose strict guidelines and standards that worldtradex must follow, ensuring the broker operates with integrity and transparency. Additionally, worldtradex holds licenses in multiple jurisdictions, providing a significant level of oversight and protection for traders. worldtradex offers reliable customer support to assist traders with any questions or issues they may encounter. The broker provides live chat and email support, ensuring that help is readily available.
I used the live chat function on several occasions and received timely responses in a few minutes each time. The agents were friendly, and provided suitable answers to all my queries, in a personalized manner with no frustrating chatbots in sight. I’ve also read much of the educational content and was struck by its bland delivery with long-form text and limited videos or engaging elements like quizzes, all of which could elevate the learning experience. Similarly, the ‘Market Analysis’ section had a focus on just three currency pairs during testing which is not wide enough in my opinion.
Are there any withdrawal fees?
Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes. As for my experience of cooperation with this company, then everything is ok. calm trading and nothing else. Depending on the scope of your trading and Worldtradex scam the assets you plan on trading, worldtradex might not meet your needs.
worldtradex could offer more in terms of trading tools and reduce or eliminate its withdrawal fees, but these are minor complaints. I rate worldtradex’s customer service as top-notch in terms of responsiveness and speed. The multilingual support team responded very quickly to my queries over live chat, never taking more than 30 minutes to get back to me. I also find the FAQs section on the website a useful way to solve basic queries. This makes the broker a worthwhile option for serious forex traders who will also enjoy the VPS service and MT4 support. Having tested hundreds of forex brokers, I feel that the worldtradex’s education section is fairly average, with a decent range of materials available but nothing that stands out.
worldtradex is an excellent low-cost choice for beginners due to its decent range of educational resources and free demo account – a great way to build up experience before trading with real capital. The $0 minimum deposit also makes the forex broker accessible for new traders. worldtradex caters to a diverse range of traders by offering various account types, including Standard, XL ECN, and Advanced ECN accounts. Each account type comes with its unique features, allowing traders to choose the one that aligns with their trading preferences and strategies. The ECN accounts, in particular, provide direct access to liquidity providers, ensuring competitive spreads and minimal slippage.
Verification can help ensure real people are writing the reviews you read on Trustpilot. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. This means when I swtich to real account, I can have the SAME experience and will not be prone to execssive emotions👍 Demo is like a guinea pig where you can actually test out the strategy.🎯PS.
Is worldtradex A Good Broker For Day Trading?
Our worldtradex review experts found that the ECN Standard account had the easiest entry point with an initial deposit of $100. The ECN XL and ECN Advanced accounts require deposits of $10,000 and $100,000 respectively. Yes, our worldtradex review found that the broker is regulated by the FCA, BaFin, and CySEC.
While these are all leading regulatory bodies, our worldtradex review experts highly suggest registering with one of our recommended and trusted online forex brokers instead. It’s fine if you want a no-fuss trading experience but seriously lacking in the research tools, analysis features. worldtradex enhances the mobile trading experience by offering the MT4 and MT5 applications, compatible with iPhone, iPad, and Android devices, ideally suited for day traders.
Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. worldtradex shows clients how to obtain the most up-to-date rates, a step many brokers omit. ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. Before making any trading related decision, contact a local professional financial advisor.
- So, I am currently working with three brokers, and one of them is worldtradex.
- worldtradex provides a calendar that displays upcoming economic events and releases, along with their expected impact on the markets.
- worldtradex is regulated by Cyprus Securities and Exchange Commission (CySEC) , a low risk trading broker.
- Apart from the various trading tools that you will find built into the MT4 trading platform, you are provided with some useful standalone trading tools to help get the most out of your trading.
This is especially true if you plan on trading physical cryptocurrencies or any of the commodities traded through CFDs. Quotes remain sourced from multiple liquidity providers and matched for the best possible execution. I find worldtradex’s in-house forex market hours tool a handy way to check holidays and other events that could impact trading hours. Our team is happy to see that worldtradex does not impose any trading restrictions, meaning strategies such as hedging and scalping are viable. Our team rates worldtradex’s execution model, which combines straight-through processing (STP) and electronic communication network (ECN) to ensure fast and high-quality execution with low pricing. worldtradex adheres to important rules set by this regulator including the segregation of client and business funds and the use of reputable international banks for the safekeeping of client money.
worldtradex broker delivers dedicated support by a professional team and a good NDD trading environment based on quality technology, also with a good range of trading instruments and low fees and spreads. worldtradex is a retail broker that provides traders with the popular MT4 trading platforms, useful educational materials and robust trading tools, to trade in the global financial markets. Whether you are facing technical issues, account-related queries, or need help with your trading platform, worldtradex’s support team is prepared to assist promptly. While the broker does not offer phone support or automated bots, the availability of live chat and email ensures that most issues can be resolved quickly and effectively. This customer-centric approach makes worldtradex a solid choice for traders who prioritize responsive and professional support. The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures.
If an important news event occurs, such as a key economic data release, the EUR/USD dealing spread can widen considerably depending on how much market volatility the event causes. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. Trading and investing in financial instruments comes with a high degree of risk and you can lose money. You should only engage in any such activity only if you are fully aware of the relevant risks. Rates, terms, products and services on third-party websites are subject to change without notice.
