worldtradex Review

It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large. worldtradex is one of the few brokers that offer traders the flexibility to choose between fixed and floating spread accounts. The broker’s account diversity is impressive, with a tiered structure that includes floating vs. fixed and commission vs. no commission fee schedules. They round out their services with a variety of professional accounts, introducing broker (IB) branding and a portfolio management program.

• It appeared to be a little bit messy and hard for even guys with XP to make an account choice here.
• Other brokers worth exploring with managed accounts include Key to Markets.
• The copy trading tool is excellent for beginners looking to learn from seasoned traders while experienced investors can generate an additional revenue stream.
• DayTrading.com may receive compensation from the brands or services mentioned on this website.

worldtradex services over 1.2 million clients in 180 countries around the world, providing 300 tradable instruments from 6 asset classes. In addition to an online chat feature, worldtradex gives clients access to 24/5 client support in 45 different languages. worldtradex offers a comprehensive range of educational resources through its School Tab, making it a valuable asset for traders seeking to enhance their skills. With options like courses, seminars, webinars, and podcasts, traders of all levels can benefit from expert insights and knowledge.

One of worldtradex’s standout features is its comprehensive and insightful research and educational content. Among the drawbacks I found were the lack of an alternative to the MetaTrader 4 platform and elevated spreads on certain popular instruments, such as EUR/USD and GBP/JPY. The available materials and tools inform the broker’s clients of trading opportunities that are currently developing and explain how and why those opportunities are taking place. I asked a series of questions with varying degrees of difficulty and determined that the agent’s answers were swift and comprehensive. He was also polite and patient, taking his time to provide satisfactory answers to my questions. Overall, I assessed that worldtradex’s customer support is of very high quality.

Get a Forex Pro on Your Side

In addition to top class trading conditions, you can also get your hands on comprehensive educational content and premium research tools. This allows you to trade indices on various markets across the globe with deep market liquidity and easy to use trading platforms. worldtradex’s fee structure, competitive spreads, and absence of commissions on most accounts provide a cost-effective trading environment. This clarity and flexibility in pricing make worldtradex an appealing choice for traders who prioritize low trading costs while seeking diverse trading opportunities.

worldtradex are renowned for their high-quality trading execution which they consistently look to improve by investing in technology advancements. The trading process is automated which keeps manual intervention to a minimum and thus helps to maximise efficiency and effectiveness. The award-winning trading platforms available provide an automated risk-management system to ensure that client accounts will never go negative. worldtradex lets clients trade multiple markets on an Electronic Communications Network (ECN) and also offers an AutoTrade copy trading platform for social traders. An extensive website section is devoted to trader education, which makes worldtradex suitable for beginners.

• Moreover, most account types do not charge commissions, except for the Live Zero Fixed Spread account, which has a transparent commission structure, making it suitable for high-frequency traders.
• These instruments are available for trading on the MT4 platform, which provides advanced charting tools and real-time market analysis.
• Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes.

Trading Central

Trading commodities can provide traders with opportunities to hedge against inflation or take advantage of global economic trends. worldtradex ensures efficient execution and offers leverage options to suit different trading strategies. The broker’s advanced charting tools and analysis features on MT4 make it easier for traders to make informed decisions when trading commodities. I think there is more than enough for everyone to find something that they would like to trade. You can choose from a great variety of trading platforms with low pricing and fast execution speeds.

worldtradex offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles. Money managers can also benefit from a personal multi-account manager (PMAM) that allows trading of multiple Metatrader accounts. Professionals trading their own accounts may wish to look elsewhere, despite tiered pricing, due to the lack of volume discounts or a proprietary high-end trading platform. Finally, the fine print advises that spreads widen significantly during volatile and off-market periods, even with fixed spread accounts.

worldtradex commissions and fees summary

Essentially, the broker lends the trader money so that they can open bigger positions. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. worldtradex processes payments in multiple currencies via bank wire, credit and debit cards, and e-wallets.

How long does it take to withdraw money from worldtradex?

Besides, you can also choose between no commissions, zero spread and absolute zero accounts. Depending on the account type, the minimum deposit could vary from $100- $10,000. The deposit on the micro account is the least and the VIP account the highest.

The integration of Trading Central provides a great way to get access to customised trading signals. The broker also has copy trading solutions for those of you who are looking for a hands-off approach. You will find a good variety of account types to accommodate all sorts of trading strategy, whilst all clients are handled equally.

Companies on Trustpilot can’t offer incentives or pay to hide any reviews. Broker now has a global presence with offices in more than 60 countries and customers in over 180 countries that it supports in 45 different languages. Time has passed super quick;y, I still rememebr the day I signed up, I grew a lot since then, as a trader. I would say that I have learnt a lot from this broker and it’s a platform that has been in my journey and Worldtradex forex brokers reviews would always get its accolades. The fact that the company possesses many regulations is a big plus, it means it’s recognized by the financial entities across the world and that’s awesome.

Clients can now trade cryptocurrencies directly on the Metatrader platform. Pricing for Forex, spot, and CFD instruments is average-to-competitive, with significantly lower costs at higher account tiers. There’s no bond CFD coverage but spot, metals, and index products cover the most popular instruments worldwide. And Ireland clients can also place spread bets, although the costs are not fully disclosed. worldtradex is a strong all-round broker with a reliable platform, low fees, high leverage, and a selection of welcome bonuses. Traders can also get started with a $100 minimum deposit while the worldtradex.com group has good reviews from other users online.

worldtradex does not charge any deposit fee while using any payment method. However, there are certain withdrawal fees while using debit/credit cards and some electronic payment methods. On the other hand, worldtradex or its parent company are not traded as a public company.

The company’s current promotions include its Iron Worlds Championship live trading competition held from mid-June 2021 until mid-December 2021. This competition has a $1 million prize pool with multiple prizes awarded to winners at different stages of the competition. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com.

They recently added cryptocurrency coverage to a broad selection of forex, spot, and CFD trading products. Earlier in 2018, worldtradex announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced. The broker also warns on its website that spreads during overnight trading might be wider. When it comes to forex trading, worldtradex offers access to an impressive range of 120 currency pairs. The broker allows you to trade all major pairs and crosses, as well as some minor and exotic pairs. The broker also plans to introduce MetaTrader 5 (MT5) in the near future.

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. There may be fees charged when using certain payment methods but I generally found them to be negligible. Of course, if you are moving large amounts then you might notice more of a difference. Trading accounts can be opened in a generous range of currencies which are USD, EUR, GBP, AUD, JPY, BTC, PLN and CZK. The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

If you are new to trading online, then you will be pleased to find a demo account option. This can be the perfect way to get used to using the platforms and for testing your trading strategies in a risk-free environment. This is not something exclusive to this broker, you will find most have a demo account available. With respect to customer service, the broker provides decent contact options and support in 45 languages, which could be a plus. The trading competition might also be an incentive to open an account, and the broker’s support for the popular MT4 platforms seems to be the best feature of this broker. worldtradex is an online forex broker that offers trading in currency pairs, contracts for difference (CFDs), commodities, indices, futures, shares, gold, silver and oil.