Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. One thing in particular I like that sets worldtradex apart from many other trading brokers is their admirable support for a wide range of philanthropic and charitable activities. Going beyond daily operations, they engage with local communities, assisting in medical research and education.
worldtradex is also active in the Latin American market, serving clients from countries such as Mexico, Brazil, Argentina, Chile, and Colombia. The broker offers Spanish and Portuguese language support and ensures that traders in Latin America have access to competitive spreads, high leverage, and advanced trading platforms. worldtradex frequently offers deposit bonuses to reward clients for funding their trading accounts. These deposit bonuses can range from 20% to 100% or more, depending on the promotional campaign. The additional bonus funds can be used to trade forex, commodities, indices, and other instruments, giving traders more flexibility and leverage in the markets.
After conducting a series of tests, I concluded that worldtradex’s multilingual customer support is fast and reliable. worldtradex’s TradeCopier connects signal providers and signal followers and is available from the client portal. Signal followers can quickly and easily assess the performance of various trading strategies based on various parameters, including their average return, maximum risk, longevity, and more.
MetaTrader 4 is a straightforward platform that allows for efficient trading for all skill levels. Beginners can stick to the regular version of MT4, the WebTrader, or the mobile version. The MT4 Advanced platform will be the choice of advanced traders who want these enhanced charting tools, which include the built-in EA ability, automated strategies, live monitors, and more. The Personal Multi-Account Manager is also highly advanced, making it possible to trade several MT4 accounts at the same time and offer the same advanced charting tools.
For real-time assistance, worldtradex provides live chat with fast response times for basic questions, while more specific inquiries are directed via email for thorough resolution. With over a decade of industry experience and more than 1.5 million clients globally, worldtradex is a well-established broker. It offers a range of safety features, including negative balance protection to shield traders from losses exceeding their deposits. Additionally, the platform employs SSL encryption to secure all transactions and customer data, further enhancing the overall security of trading with worldtradex. I found worldtradex’s selection of tradable instruments diverse enough to accommodate most trading strategies.
worldtradex charges admin fees on some withdrawal methods in addition to a fee of 50 USD for bank transfers under 300 USD. Platform support is limited to MT4, but worldtradex offers an upgraded package labeled MT4 Advanced, which transforms MT4 into a state-of-the-art trading terminal. Traders can also choose between nine live flexible accounts, including a low-deposit Cent Account that appeals to beginners who prefer to make smaller trades measured in micro-lots. This allows you to trade indices on various markets across the globe with deep market liquidity and easy to use trading platforms. You can trade spot metals with no currency exposure, some of the most competitive spreads and industry leading trading conditions.
While it offers a range of supporting tools, it had above-average spreads on instruments like GBPJPY and US30 during my test and lacks an alternative to MT4. Offers an unusually broad variety of trading account types that should suit most traders, and traders can register multiple account types. All account types allow traders to access a Dedicated Account Manager on a 24/5 basis and the Dealing Department Transaction Hotline. All of the accounts currently supported by worldtradex allow dealing in minimum lot sizes of 0.01. worldtradex’s support for the Sirix Social WebTrader platform lets you access financial markets and recent trades.
The table demonstrates how much you would have to pay to trade 1 full lot (100,000 units) in EUR/USD with a pip value of $10 for each account. The fee is charged until account activity resumes or the account balance drops to zero. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.
- If that was the case, I wouldn’t want to be waiting around for days whilst a bank transfer clears.
- worldtradex could improve its offering by including vanilla options or Asian stocks.
- Also, worldtradex does not charge withdrawal fees, but your bank or payment portal could levy a fee.
- The broker provides tailored solutions for the Oceania market, including competitive trading conditions and access to the MetaTrader platforms.
As worldtradex only offers MT4, on mobile as well as desktop, the mobile trading experience is limited compared to other brokers. worldtradex offers a wide range of deposit and withdrawal methods, and while no fees are charged for most methods, withdrawals by bank wire transfer are expensive. worldtradex’s range of financial instruments to trade is limited compared to most other brokers, but it offers over 80 Forex pairs.
Forex Trading in the United Kingdom
The broker stands out with its extensive educational and research content, developed both in-house and sourced from the renowned Trading Central. In addition, they offer a PMAM platform for traders looking to manage multiple accounts. Social trading is also supported, although only via third-party solutions like Sirix Social WebTrader and the Myfxbook AutoTrade platform. When it comes to cryptocurrencies, worldtradex recently partnered with EmurgoHK in 2018 to create a new cryptocurrency exchange called IronX.
worldtradex MT4 Mobile
I discovered that its EURUSD spread on the No Commission account exceeds the industry average considerably. worldtradex is an ideal choice for news traders because of its comprehensive market research offering. It consists of actionable trading signals, a robust market sentiment gauge, detailed market breakdowns, and more. The tier-I regulators in Europe and the UK ensure that the broker’s retail clients receive low leverage, negative balance protection and investor compensation against defaults. In addition, worldtradex offers expert fundamental and technical analysis, as well as a news feed and a good selection of video tutorials and written educational material. You can even get a free VPN server to make running automated Expert Advisors (EAs) safer during overnight sessions and other unattended times.
Islamic Accounts
They take a customer focused approach and are committed to providing the highest standard of services with full transparency to clients. worldtradex provides support in over 30 languages, allowing the platform to be accessible to those around the world. The main website is available in 14 languages, with the option to change language at the top of the page. worldtradex hosts regular trading webinars conducted by experienced market analysts and trading professionals.
The IronX Exchange charges different fees depending on whether you are a “maker” who places limit orders or a “taker” who deals at the market price. The maker fee for exchange transactions is as low as 0.20%, while the taker fee is as low as 0.28%. Live economic news, current rates, analysis, and economic calendar data are delivered directly into your trading platform to help you plan your trading day and uncover the most profitable opportunities. worldtradex also offers a range of trading calculators, including a currency converter, a pip calculator, a margin calculator, and a profit calculator. worldtradex’s trading tools are limited compared to what’s available at other brokers. worldtradex allows accounts to be denominated in 13 different base currencies, depending on the account chosen.
worldtradex Account Opening Process
worldtradex does not accept as clients residents of Worldtradex courses scam the USA, Cuba, Sudan, Syria, North Korea, or any jurisdiction where trading is prohibited by law. worldtradex is a market maker in which the broker serves as a principal to client orders. worldtradex’s MT4 platform is available on Windows and Mac and supports 39 languages, including English, French, Spanish, German, Arabic, Chinese, and more.
Legitimate trading conditions and broker itself is solid too
Client security is a key aspect of the groups philosophy with client funds being held in segregated accounts in accordance with strict policies and procedures, separate from their own funds. Each clients account is provided with a unique code which is used to ensure that the funds are only for the funding purposes. Notesco Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). It may take time to process withdrawals, some traders have mentioned that worldtradex is slower than other brokers. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money so that they can open bigger positions.
worldtradex offers about 310 tradable instruments across currency pairs, commodities, share CFDs, indices, and futures contracts. The assortment is wide enough to accommodate the basic needs of most types of traders. However, the broker does not provide any low-risk securities, such as ETFs, bonds, or vanilla options. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- This information helps traders stay ahead of the curve and make well-informed trading decisions.
- worldtradex offers a diverse range of tradable instruments, catering to the needs of traders looking to diversify their portfolios across multiple asset classes.
- In addition, they offer a PMAM platform for traders looking to manage multiple accounts.
- It’s important for traders to consider potential third-party fees, such as currency conversion costs.
worldtradex does not offer trading services to residents of certain jurisdictions including USA, Cuba, Sudan, Syria and North Korea. If your country is not accepted, please feel free to take a look at our broker comparison tool for alternative options. Withdrawals from worldtradex are always done with the same method used for the deposit. Credit and debit cards have a maximum transaction of $50,000 and have a withdrawal fee of up to 1.5 euros.