This Forex broker brings a lot to the table, catering to traders of all stripes. Whether you’re into forex, metals, futures, commodities, shares, or indices, Worldtradex has got you covered. The broker supports MetaTrader 4 and has developed the TradeCopier service for copy trading. I appreciated Worldtradex’s investment in comprehensive educational materials and high-quality market research.
Worldtradex Broker Specifications
I started with a minimum deposit of $50 and was impressed by the quality of order execution — they use STP technology, which gives an advantage in trade speed. The spread on EUR/USD ranges from 0.7 to 1.2 pips, which is quite acceptable for intraday trading. The MetaTrader 4 platform runs smoothly, and the WebTrader is also convenient, especially when a desktop terminal isn’t available. After a month of trading, I haven’t encountered any requotes or slippage. Worldtradex is highly valued by beginner and skilled traders as a worldwide leader in online trading. Worldtradex sees its mission in providing its clients with an unparalleled trading experience thanks to advanced solutions and top-quality service.
Most of these instruments have tight spreads, which makes trading with Worldtradex a cost-effective option. All the services on the Tradersunion.com website are free for you to use. There are two types of advertising services on the website — direct advertising or partner (broker) participation programs. However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings.
How long does it take to withdraw money from a Worldtradex account?
This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices. Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders. Participating in financial markets involves high risk, which can result in the loss of part or all of your investment. While the broker offers comprehensive, responsive, and dedicated support through these channels, the lack of phone support can be a letdown for potential customers.
What are trading commission charges?
It equips traders with essential tools and configurations to analyze price action and spot trading opportunities. Just as important is the ability to easily scale price action, allowing for a clearer and more detailed view of market movements. On the other hand, I assessed that spreads on a Standard Worldtradex account exceed the industry average, and it does not offer a raw spread trading account. The broker’s low spreads make it one of the most competitive brokers in the market. We also explored the trading assets and products Worldtradex offers for beginner traders and investors who prefer not to engage in active trading. In my personal opinion, this broker is perfect for both a novice traders and an experienced ones.
The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” Worldtradex offers 26 futures contracts on currencies, commodities, and indices, which is beneficial for longer-term traders. However, the broker charges above-average swap fees, making it less favorable to hold a position open overnight. Worldtradex offers three retail trading accounts with a minimum deposit of $50. My tests showed that Worldtradex’s spreads on the Standard account generally exceed the industry average, while its swaps ranged from average to high compared to the benchmark. On the other hand, Worldtradex does not charge handling fees for deposits and withdrawals, and its inactivity fee is relatively low.
Clients can benefit from bonuses of up to 100%, with promotional caps ranging from $2,000 to $4,000, depending on the offer. Worldtradex broker offers a variety of payment methods to meet different demands. From E-wallets to cryptocurrencies, you can choose whatever suits you. Worldtradex maintains a competitive fee structure with zero commissions across all account types. The Worldtradex registration process ensures secure onboarding with full customization over account type, leverage, and base currency, ideal for both beginners and experienced forex traders. Worldtradex accepts payments via bank wire, credit and debit cards, e-wire, and cryptocurrencies.
Does Worldtradex support RAW/ECN accounts?
Worldtradex offers both fixed and floating spreads, and these may vary depending on the type of trading account and the market conditions. Traders who need more stability during trading can choose the fixed spread account because fixed spreads help to reduce their trading costs. My tests revealed that Worldtradex charges relatively high spreads on most instruments. Additionally, it lacks a raw spread account and does not offer phone customer support. The broker offers traders actionable trading ideas and in-depth market overviews.
- On the MetaTrader 4 platform, any trader can open a demo account funded with a virtual $100,000.
- Worldtradex also provides a wealth of educational resources for traders of all levels, from beginners to advanced.
- Clients can request further assistance by contacting the broker’s customer support.
- A high percentage of retail investor accounts lose money when trading CFDs.
- In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s longevity, company size, and information transparency.
- In my personal opinion, this broker is perfect for both a novice traders and an experienced ones.
While the content is particularly useful for day traders, it also provides insights into broader and long-term market trends. Although I recorded extremely favorable spreads on Bitcoin, Worldtradex’s spreads on other popular instruments exceeded the industry average during my tests. To balance this, the broker charges a low https://worldtradex.space/ inactivity fee and does not impose fees on deposits or withdrawals.
For Standard accounts, Worldtradex’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these. Worldtradex accepts bank transfers, credit/debit cards, Skrill, Neteller, and cryptocurrencies for both deposits and withdrawals. Yes, the broker provides a Trade Copier platform where traders can follow professionals or act as signal providers, earning up to 40% performance fees. Worldtradex supports beginner traders with a library of video tutorials, webinars, and eBooks, emphasizing trading psychology.
The customer support team at Worldtradex is available 24/5, offering multilingual support. They provide traders with assistance when it comes to trading accounts, deposits, withdrawals, and more. Their customer team is knowledgeable and friendly and always willing to help traders with any issues they may have.
Worldtradex Customer Support
Worldtradex’s top priority is to ensure security and reliability for their clients as well as offering round-the-clock customer service for quick resolution of traders’ queries. In addition, Worldtradex charges swap fees if the positions remain open overnight. When you deposit into your account, you can receive up to 40% in bonus funds. Note, this bonus is NOT available to EU, USA, Iran, Cuba, Sudan, Syria, and North Korea. Worldtradex has a safety score of 4.2/10, which corresponds to a Low security level.
As shown above, a common issue with MetaTrader is that charts can quickly become cluttered, even with just two indicators. This can obscure price action Worldtradex examination and make it harder to perform detailed technical analysis. I also appreciated the broker’s phishing notice, which clearly outlines what clients can expect in terms of official communication. In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection.
The broker also provides quite a few futures contracts, allowing traders to practice longer-term trading. On the other hand, Worldtradex offers no lower-risk securities, such as ETFs, bonds, or Asian stocks. Deposits are free and instant, but clients might need to pay third-party charges depending on their payment method. Depending on the payment method, deposit times can take up to 24 hours, and for bank wires deposits may take up to 5 business days. Withdrawal times vary depending on the payment provider but range from the same day up to 10 business days.
- Worldtradex imposes a 3% handling fee for withdrawals made without any prior trading activity.
- All Worldtradex account types are commission-free, with trading costs based solely on floating spreads, which start from 1.1 pips.
- On the other hand, I assessed that spreads on a Standard Worldtradex account exceed the industry average, and it does not offer a raw spread trading account.
- However, our tests showed that it charges above-average trading spreads.
No matter which account you choose, you’ll have access to over 300 tradable instruments across six asset classes. Plus, you’ll be trading on the industry-leading MetaTrader 4 platform, known for its fast execution and robust features. Worldtradex offers a demo account that introduces traders to the broker’s services and allows them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment.
The Trading Central package includes featured trading ideas, an intuitive economic calendar, and a sophisticated market sentiment gauge. The MT4 platform is available as different versions, such as the desktop version and the mobile app. Traders can also use the platform’s web version to access the markets from any computer with an internet connection. Deposit and withdrawal processes are protected with the latest SSL encryption and other security technologies. As the broker is regulated, clients should complete their KYC that is in line with the Seychelles Financial Services Authority. We compared Worldtradex with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
While Worldtradex’s spreads are competitive for some assets, they’re higher than average for currency pairs. Worldtradex offers four account types, including Standard, Premium, Privilege, and Cent, with commission-free trading and spreads starting as low as 1.1 pips. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers.