Due to AU and EU regulations, worldtradex does not offer any Trading Bonuses and Loyalty Programs to retail traders within Europe and Australia. Even though worldtradex provides comprehensive tools, it is still lacking when compared with other brokers, as Autochartist, Trading Central, and TradingView are not yet integrated. Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website. The telephone lines are open 24 hours a day, Monday to Friday, whilst live chat is also available through this time, plus for 8 hours on both Saturday and Sunday. worldtradexTV produces a high standard of in-house research and reports, which easily competes with the commentary from the market leaders in this area.
Brokers By Licenses
Of course, you are able to use your mobile for trading as well, worldtradex MT4 Android and iOS third-party apps, along with worldtradex MT5 apps will give you access to a trading account with full account functionality. MT4 and MT5 apps also offer great charting with 3 Chart Types, over 30 technical indicators in their package, and a full trading history journal. According to their website, standard ultra offers a higher minimum lot requirement.
worldtradex Platforms Summary
worldtradex MobileTrader is a dependable choice overall for traders looking for convenience and flexibility in their trading operations and is non-replaceable on the go. Besides, one of the advantages you will get as a trader is Negative Balance Protection, so there is no risk of losing more than the available balance. It’s essential to thoroughly research and educate yourself on any asset class you choose to trade. Additionally, consider starting with a demo account to practice trading without risking real money until you feel confident in your abilities.
While no investment is entirely risk-free, worldtradex’s adherence to international regulatory standards provides a layer of comfort for new traders. As a forex trader, this means you can open new positions from as little as $1000 or 0.01 standard lots for non-leveraged trading. However, Islamic traders should know that the demo account is halal, since even though it charges rollover fees, it’s all virtual as the trading environment is simulated. As worldtradex stores traders’ funds in segregated bank accounts, this ensures that the broker cannot block your withdrawals, providing you with the freedom to withdraw your funds at your discretion. To facilitate smoother withdrawal processes, keep your Know Your Customer (KYC) information up to date. This helps in verifying your identity and expediting withdrawal requests.
worldtradex applied 0% Withdrawal Fee and offers zero fees on both deposits & withdrawals. Very pleasant addition indeed, as the worldtradex company got all the transfer fees covered including Worldtradex review e-wallets, major credit cards, instant account funding, and wire transfers with no hidden fees or commissions. worldtradex is indeed good Broker for beginning traders, also Traders with experience who prefer MT4 or 5 platforms and run various strategies looking for stable Broker. Since there is specifically designed account for Shares trading with tailored solution, yet the deposit needed is rather very high also at other Broker bigger range of Shares might be available.
Low Spread
worldtradex Group offers the option of opening Islamic accounts, also known as Swap-free accounts. These accounts are designed for clients who cannot trade swaps due to religious beliefs. The account opening process at worldtradex Group is marked by simplicity and convenience.
worldtradex Global also provides direct share trading in addition to the previously mentioned assets. worldtradex offers Forex, Stock CFDs, Turbo Stocks, Commodities, Indices (Equity and Currency), Energies (Cash and Futures CFDs), Precious Metals (Spot and Futures CFDs), Thematic Indices and Crypto CFDs. My only criticism is that there needs to be a localized direct telephone line or a call-back feature, a service offered by ActivTrades.
Are there fees for withdrawals?
I find that the experience gotten here is that of a well-balanced one. This wide spectrum helps traders to create diverse portfolios and profit from several market trends covering most of the popular asset classes, also some less popular too. worldtradex does not provide ETFs or options; hence some investors may have less opportunities if prefered. For traders looking for diversity in their investment methods, worldtradex’s wide range of tradable assets makes it a strong option overall. The tool provided quick execution speeds and a user-friendly UI throughout testing, thus making it accessible for various traders.
- While e-wallet transactions usually happen on the same day, bank wire and card withdrawals might take two to five business days.
- worldtradex also lets clients trade two spot metals instruments, gold and silver.
- worldtradex offers traders a wide variety of Contract for Differences (CFDs) including individual stocks and stock indices and commodities.
- Alternatively algorithmic trading models can be downloaded, some for no charge and accounts ran using the code within those models.
You do not pay an additional commission on the standard account is it is already accounted for within the spread. As mentioned above, there is a competitive $7 commission fee in the worldtradex zero account. Below is a table of minimum spreads across different asset classes in different accounts. The “Tradepedia” education section has 39 videos which are divided down into seven sections.
It depends on the trader’s trading requirements, as both brokers are quality choices. Pepperstone is better for algorithmic and high-volume traders, while worldtradex is better for beginners and copy traders. We recommend worldtradex Group for beginners due to its comprehensive educational resources, including both advanced and beginner videos. The amount of quality educational content provided by worldtradex Group bestows it a high rating for education and beginners. Customer support is one area where worldtradex really will go the extra mile. worldtradex claims to speak over 25 languages and customer support is available through all the usual channels.
worldtradex is proud to have never compromised on factors impacting client performance. This directly leads to the broker’s ability to deliver the best execution and tight spreads. worldtradex Group has evolved into an online multi-asset broker offering 57 currency pairs and 1000 CFDs.
All in all, worldtradex is a recommended broker especially if you are looking for an ideal broker with low minimum deposit requirements. worldtradex Micro accounts have more base currencies available to choose from, ranging from the USD, SGD, AUD, EUR, GBP, JPY, CHF, ZAR, RUB, HUF, and PLN. This type of account already includes features such as negative balance protection and trading bonuses; however, there are no deposit bonuses yet. In the asset library, you can find 1,210 CFDs as well as 57 forex pairs (exotics, majors, and minors). The library can be casually browsed or filtered if you would like to find a specific stock originating from a certain country.
- Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
- You are able to trade worldtradex Forex or CFDs on stock indices, commodities, stocks, metals, energies and Cryptocurrencies at worldtradex all available from the same trading account.
- The main branch is located in Cyprus regulated by CySEC, yet offices truly cover global needs and serve through Australia, UK, Belize, Greece also authorized in Dubai and MENA region.
- Furthermore, there are other notable countries that traders are restricted from trading with worldtradex.
Pros, Cons & Key Trading Features
It has robust features such as 60+ technical analysis tools, customizable charts, and support for automated trading via Expert Advisors (EAs). The deposit and withdrawal process is generally straightforward and convenient. While international bank wire transfers can take several days depending on the bank, Visa and Mastercard transactions are typically processed instantly.
We would recommend trying out worldtradex to benefit from the high-quality and significant amount of educational content, alongside the robust research on offer. worldtradex provides a wealth of research across different mediums and asset classes and is a front runner in the market for research offerings. A dedicated Shares account is available for those who wish to focus only on direct stock trading and investing with no leverage, not CFDs.
worldtradex TV is a great addition for videos whilst podcasts are also now on the site. This is prompt and fairly standard across the industry but still a good response. It is up to the individual trader to decide how comfortable they are trading with a dealing desk broker. If you are a trader that comes under the worldtradex Global entity (Belize regulation) you can have a Shares Account which means that you can trade the underlying company shares (ie. not just the CFDs). There are 100 to choose from and are all major US, UK and German companies.
Beyond trading fees, I encountered no hidden charges while using worldtradex. Overnight fees, common in the industry, apply to cash instruments held overnight and are reasonable. The broker also waives deposit and withdrawal fees, although bank transfers might incur a small fee. For day traders seeking even lower spreads, the Zero account provides raw spreads from 0.0 pips with a commission of $3.50 per lot per trade. Skrill and Neteller e-wallets offer nearly instantaneous deposits and withdrawals for even faster options. worldtradex also provides region-specific local payment methods, such as PayTrust88, that depend on your location.
They are available across devices and you can trade via the worldtradex WebTrader in the browser. Even in cases of illiquidity and volatility, worldtradex has a competitive policy. worldtradex partners with numerous liquidity providers to significantly limit the risk of illiquidity. In volatile market conditions, worldtradex will execute orders at the market price that is the best available. For the forex market, one market will close when another opens thanks to markets in New York, Sydney, Tokyo, and London.
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