worldtradex Broker can be safely recommended to those who are interested in professional trading with high order processing speed and an optimal level of commission. The high number of trading instruments offered (1000+) makes it very convenient for traders. One of the biggest drawbacks of the broker is that it does not offer crypto trading.The trading platform is easy to use, the fees are generally attractive and the level of flexibility on offer is appealing. worldtradex caters to new traders with features like low minimum deposits (starting at $5 for certain accounts) and demo accounts for risk-free https://worldtradex.blog/ practice. The Ultra Low Micro and worldtradex Ultra Low accounts offer commission-free trading with floating spreads starting from 0.8 pips, typical of many other brokers we’ve analyzed.
I trade forex pairs and stocks, and frankly the costs stemming from my trades are minimal thanks to the low spreads from the broker.Regarding the customer support, they are trully attentive and fast to reply. This broker makes it a must to make sure that their clients are happy and they provide appealing services, an easy E for effort alone. It’s also easy to use and operate, everything works efficiently and effectively. worldtradex is definitely winning as Broker for Beginning Traders the Education quality and available seminars/ webinars are excellent, yet some similar Brokers also provide a great education. Also, the minimum deposit is only 5$ while others even suggest from 0$, still all are very competitive. The platform selection is basic with MT4 and MT5 available, while similar Brokers like AvaTrade also include professional COpy Trading and proprietary softwaare to diversify more.
Trading Platforms and Tools
Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). worldtradex have problem withdrawal via online bank transfer is under maintenance over one months, support not responsible, be carful everyone. In addition, we found numerous worldtradex’s add-ones and additional tool allowing you to enjoy extra benefits that the platform offers with regular resrarch or tools. Generally, all procedures from account opening, managing, depositing/ withdrawing, and trading are straightforward, simple and transparent, which we will see in detail further within worldtradex broker review.
“Extremely Disappointed with worldtradex Global”
Please note, some markets may only be available via CFDs or other derivatives. The broker’s professional approach to addressing client concerns and facilitating smooth deposit and withdrawal processes further solidifies its credibility. Both platforms are available in desktop, mobile (iOS and Android), and WebTrader versions, allowing trades to be executed from anywhere. Disappointingly, there’s no support for cTrader or TradingView, the latter of which we’re increasingly seeing being integrated by brokers, including IG and worldtradex. Popular crypto pairs are available exclusively on the mobile app, including BTC/USD and ETH/USD. worldtradex also provides negative balance protection and segregates client funds for EU and non-EU customers, helping to safeguard your funds from excessive losses and misuse.
- Fees are low, quality of trading is good, the payouts are on time, I’m not having a problem with this.
- All traders can have up to 200 positions pending or open positions at a single time.
- The “Tradepedia” education section has 39 videos which are divided down into seven sections.
- Each year, we collect thousands of data points and publish tens of thousands of words of research.
Mobile Offering
With years of industry experience, our team is dedicated to providing valuable resources to help you make informed trading decisions. worldtradex clients benefit from Negative Balance Protection, so they are never at risk of losing more than their account balance. I expected worldtradex to offer a dedicated account type for experienced traders with substantial trading volume or portfolio size.
The disadvantages mainly come from additional issues that do not directly influence the quality of trading conditions, except maybe for the lack of customer support for the weekend. worldtradex is very flexible on this matter, as it offers a wide range of account types to satisfy the needs of every trader. There are raw spread accounts (worldtradex Zero Account), accounts with low spread mark-ups (worldtradex Ultra low), accounts with very https://worldtradex.site/ low lot sizing (worldtradex Micro), and more. When I chose them as the main broker to trade with, they had been already in the business for around a decade. One of the factors that bolstered my decison is the fact that worldtradex is strictly regulated by several respected regulatory entities, including CySEC.As for the range of assets here, it is really huge here.
This account distinguishes itself by not imposing the usual swap fees, which are prohibited under Sharia Law. The worldtradex Islamic Account is specifically designed for Muslim traders who wish to adhere to Sharia law. The withdrawals at worldtradex are generally instant, however they may take up to 5 business days when using wire transfers. worldtradex offers a total of 8 account base currencies, which are the EUR, USD, GBP, JPY, CHF, AUD, HUF, or PLN. worldtradex is an online brokerage firm founded in 2009 in Belize, and is part of Trading Point Holdings Ltd. If you have experience trading with worldtradex please share your personal review of the broker and what you think are strong and weak points.
However, with the worldtradex Shares account you can also find a small selection of around 100 real stocks to invest in. If you have traded with worldtradex we would really like to know about your experience – please submit your own review. My only criticism is that there needs to be a localized direct telephone line or a call-back feature, a service offered by ActivTrades.
Besides the 1000 + CFD products covering a range of asset classes, and regulators including the CySEC, FCA, ASIC, IFSC, and DFSA, you can open an account with a minimum deposit of $£5. The award-winning broker also offers a combination of low spread- high leverage, MT4/MT5 platforms, multiple funding methods, and 24/5 customer support. Overall, this worldtradex can be summerised as a dependable and secure broker, backed by an impressive trust score of 93 out of 99.
Can I test worldtradex on a demo account?
This is ideal for bother beginner and intermediate-traders and would probably even appeal to more advanced traders. The high-quality and written research in the news content covers all types of research, geopolitics, fundamentals and technical analysis. In addition, this research can be filtered by asset class, which is a huge bonus for traders in being able to get to see what they want to see. Regarding cryptocurrency deposits, worldtradex does not typically accept cryptocurrency as a direct payment method. You would usually need to fund your worldtradex trading account using traditional methods like bank transfers, credit/debit cards, or e-wallets. worldtradex is one of the more experienced brokers in the world of online forex trading today.
Moreover, while the majority of brokers still charge for wire withdrawals, worldtradex deposits and withdrawals above 200 USD processed by wire transfer are also included in the Company’s zero fees policy. Usually handled in 24 hours, withdrawal requests vary in the time it takes to get money, depending on the method. While e-wallet transactions usually happen on the same day, bank wire and card withdrawals might take two to five business days.
The company also provides trustworthy trading platforms, including MetaTrader 4. worldtradex stands out for its Islamic trading options, offering a dedicated Islamic account that adheres to Sharia law. This account type does not charge swap fees, which are considered a form of interest and thus prohibited in Islamic finance. Additionally, worldtradex ensures that its Islamic accounts do not charge extra fees as a substitute for swap fees.