Yet while worldtradex provides a range of features for beginners, it’s worth noting that it lacks a proprietary trading platform explicitly designed for novice traders. Established in 2009, Australia-based worldtradex has a proven track record as a reliable broker. Known for its efficient trading services, quick execution speeds, and secure trading environment, worldtradex has garnered a positive reputation among our traders and industry experts. 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.
- The availability of accounts like the worldtradex Zero Account, with raw spreads starting from 0 pips is particularly advantageous for this trading technique.
- At Swagforex, our mission is to empower traders with reliable, insightful, and educational content on forex and financial markets.
- Also, Broker does not provide passive investment services like PAMM or MAM accounts for multi account management, where professional money managers trade on behalf of investors.
Founded in 2009, worldtradex Group has established itself as a prominent player in the forex and CFD trading industry. It is regulated by several major authorities, ensuring a secure trading environment. They support both MetaTrader 4 and 5, making them a highly recommended choice for mobile trading. Other regulation comes from the Cyprus Securities and Exchange Commission (CySEC), the International Financial Services Commission (IFSC) and the Dubai Financial Services Authority (DFSA). worldtradex Standard Accounts is pretty much similar to worldtradex Micro Accounts, except for the lot size, minimum trade volume, and maximum lot per ticket.
Stocks
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 e-wallets, major credit cards, instant account funding, and wire transfers with no hidden fees or commissions. The funds transaction at worldtradex are managed in a customer-oriented way, traders having a choice of multiple payment methods supported in all countries. The “Tradepedia” education section has 39 videos which are divided down into seven sections.
How long does it take to withdraw money from worldtradex?
And finally, worldtradex Broker also enables trading with metals such as silver and gold. Filippo Ucchino created InvestinGoal, a comparison site and educational portal for the online trading and investing industry. Through InvestinGoal, Ucchino helps users navigate the world of online investing and trading by providing trading guides, best brokers rankings, broker reviews, and broker comparisons. No, you can test all worldtradex account types with a demo account with the exception of the worldtradex islamic account. The worldtradex Demo account is a trading account designed to allow traders to try worldtradex without risk with virtual money.
As we have highlighted above, the offering of products to trade with worldtradex is somewhat mixed. Yes, the induvial stock offering is extremely robust with 1236 stock available to trade from many different global exchanges. The number of Forex pairs available is in line with the industry standard, as is the number of stock indices. However, the lack of any cryptocurrencies to trade is a disappointment and as if often the case with many brokers, there are no bond markets or ETFS on offer.
The spreads at worldtradex, which include a mark-up, start from as low as 0.6 pips. In addition to these measures, worldtradex also offers Negative Balance Protection for European and Australian traders. This feature ensures that traders will not lose more money than they have deposited. worldtradex protects its clients’ funds through the use of segregated bank accounts, which keeps client money separate from the company’s own funds. Yet while MetaTrader is a popular platform https://worldtradex.pro/ for forex traders, the lack of a proprietary desktop/web platform is a considerable drawback for beginner traders looking for a simplified trading experience. Another helpful feature is MT4 MultiTerminal, allowing experienced traders to manage multiple client accounts simultaneously.
The Disadvantages of Forex Trading with worldtradex
What’s great is that the support team offers multilingual support in 25 languages, which is helpful for traders from different parts of the world. worldtradex offers excellent customer support with multiple options, including live chat, email, and phone (Cyprus or Australia numbers). worldtradex provides various high-quality and enjoyable educational content aimed at beginner traders to help them build their trading knowledge and skills. This swap-free option is designed for traders adhering to Sharia law. It eliminates overnight interest charges, making it suitable for those seeking trading opportunities that align with Islamic finance principles.
The Trustpilot Experience
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
worldtradex offers a strong range of over 1,000 instruments, particularly in forex, stocks, and indices, which are key markets for active traders. worldtradex also offers demo trading accounts, providing a risk-free environment in which to explore its platforms and available assets. For EUR/USD, the real (not marketing) spread for me its almost always 1 pip, on the dot, for my account type. For BTCUSD, its usually below $70, which is actually less than 0.13%, very good for crypto. For CHFSGD, which I’m a big fan off, my spread with worldtradex is typically pips, its actually very small for this pair. Very nice to just daytrade, don’t need to hold positions for long and dont need to try to time it just right.
With this account type you will be able to trade with nano lots, however it’s not available ASIC, DFSA, FSC. The worldtradex Micro account is tailored for traders who prefer to trade with smaller lot sizing. It’s important to remember that the worldtradex withdrawal method must correspond to the method used for deposits. This means if you deposit funds via wire transfer, your withdrawals https://worldtradex.club/ will be processed back to the same bank account used for the deposit.
worldtradex offers various account types including 3 Main Options Micro Account, Standard Account, worldtradex Ultra-Low Account and additional Shares Account designed for Shares trading particularly. Our wide range of CFD trading instruments offers to our clients the power to choose easily and efficiently between stocks, forex, precious metals and several other asset classes. Our clients also enjoy trading from a single multi asset platform with some of the most competitive spreads and with our no rejection of orders and no re-quotes execution policy. worldtradex Group offers a strong selection of trading platforms and tools, including MetaTrader 4 and MetaTrader 5. The rating for platforms and tools is average, making it a viable option for most traders. Traders registering with worldtradex have the choice of three account types- The Micro, Standard and the Zero Account.
Offering of Tradeable Products
Just 1200 mxp will give me 400$ trading credit, which is just a free account with money basically.. Also the profit made there can be withdrawn, so the possibilities here are a lot. worldtradex Markets range offers diverse variety of products so you can enjoy a great choice that meets different expectations and preferences. Besides, we see dramatic growth in instrument offering compared to previous years, adding more Cryptocurrencies and CFDs to the list, also recently added Thematic Indices like AI Index etc. As for customer service, it is quick to respond and I think it is one of the best in customer service. But the spread is still relatively high compared to other competing platforms.
worldtradex Group was founded in 2009 (and operates as Trading Point of Financial Instruments Limited) and is regulated by five financial regulators, notably including the top-tier Financial Conduct Authority (FCA) in the UK. Precious metals, such as gold and silver, are also relatively stable and can be appealing to beginners. Overall, due to a long history of responsible behavior, strong international regulations, and wide industry recognition, we consider worldtradex to be a trustworthy and safe broker. However, it’s important to note that worldtradex is not a publicly listed company. Therefore, the specific details regarding its revenue generation methods and the total amount of income it earns are not publicly disclosed.
worldtradex Group is a trusted MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research. I found a new asset for me here at worldtradex, didn’t think of trading it before I’ve seen the conditions. Think of it how you like, but I rate Silver even above gold for a couple of reasons. And I just like it, so I dont need like extra arguments to trade it lol. Also, we found that the service is of good quality with reliable and relevant answers, which confirms worldtradex’s client-oriented policy. worldtradex broker minimum deposit amount is 5$ only for mainly all offered accounts including Micro Account, Standard Account and worldtradex Ultra Low Account.