worldtradex now offers trading in currency pairs, commodities, indices and cryptocurrencies. Perhaps because trading CFDs is not the same as trading the stocks themselves, it is much more risky. But what this broker has is debugged in work, like the most accurate mechanism. This also applies to payments, and technical support, and the organization of trading. Mostly concentrating on forex and CFDs, worldtradex provides a range of tradable assets that might suit many traders https://worldtradex.pro/ who prefer trading of Forex.
- We have not experienced any security concerns during our many hours using the trading platform.
- With over 200 available assets, traders can diversify their portfolios and take advantage of different market conditions.
- Under its ECN XL account, worldtradex charges no trading commissions; it depends on competitive spreads to make money.
- As a broker regulated by CySEC, MiFID, and MISA, it complies with stringent industry standards to protect traders.
- I would rather trade with a trading view with a modern interface, which is user friendly at least.
Deposits & Withdrawals
Your funds are segregated from the company’s assets, ensuring their safety and integrity. Additionally, worldtradex utilizes cutting-edge encryption technology and firewalls to safeguard your Worldtradex forex brokers reviews personal information. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. I do feel slightly let down that the worldtradex demo mode is limited to 30 days, but I found that you can simply open another demo account after the first one expires. We are also disappointed with worldtradex’s monthly inactivity fee of $5, imposed when your account is not funded or you execute no trades over a period of 120 days.
Can You Make Money Trading Forex With worldtradex?
Overall, it’s been reliable for me, and I haven’t had any trouble getting things done. Definitely a good option if you’re looking for a straightforward platform. It’s fine if you want a no-fuss trading experience but seriously lacking in the research tools, analysis features. That’s a key factor for me and that’s why I decided to join them and I can say since the moment I started trading through this broker I didn’t have any problems.
Customer Support and Educational Resources
These promotions may include holiday bonuses, trading contests, and cashback rewards, providing traders with opportunities to earn extra rewards based on their trading activity during specific periods. Seasonal promotions are time-limited, encouraging traders to engage actively and take advantage of the enhanced offers. worldtradex is an ECN broker and only maintains one ECN account for all clients. It is unique as traders get a commission-free cost structure with raw spreads, an unusual offer, presenting Forex traders with a notable edge. Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat.
💰 The 100% deposit bonus is a nice boost, especially for smaller accounts. However, the platform selection is limited to MT4, which may feel outdated for some traders, but not for me…✅ Overall, it’s a solid choice for anyone seeking transparent and competitive trading conditions. Reliable customer support is essential when trading with any broker, and worldtradex recognizes this importance by offering efficient and accessible service. Traders can reach worldtradex’s support team 24/5 through multiple channels, including email, phone, and live chat. This ensures that help is always available, no matter the time or urgency of the inquiry.
Market Resources
- They seemed like they knew who their targeted traders were, and crafted perfect trading terms for this trading style.
- This transparent approach ensures that traders only need to consider the spreads when calculating their trading costs, simplifying expense management without the worry of hidden fees or unexpected charges.
- In addition, the worldtradex’s MT5 platform includes trading alerts, an in-built economic calendar, and the MQL5 programming language to build custom tools and trading robots.
- While many forex traders are familiar with the MetaTrader 4 software, which allows for expert advisors that can automate your trades, no other trading platform is offered.
- worldtradex deploys an ECN/STP execution model and does not manipulate quotes.
worldtradex ensures that all email communications are handled promptly and professionally, maintaining high standards of service quality. They seemed like they knew who their targeted traders were, and crafted perfect trading terms for this trading style. While the platform can be suitable even for swing traders, this is the best place for scalpers or intra-day traders. The spreads are raw, the execution is flawless and there is no trading fee for opening and closing trades. The deposit is low, the MetaTrader 4 platform is one of the best for forex trading, and the tight spreads through the ECN model are competitive.
Being an offshore zones, they do not define strict obligations to its financial registered firms, which may be a risky investment in case the firm is only based there. However, since worldtradex is additionally authorized by the European regulator it is considered to be safe to trade with them. worldtradex Broker is based on the ECN/ STP trading solution while all orders are routed and matched in the electronically configured network through the liquidity pools of institutional providers and market quotes. worldtradex holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC). It also operates an unregulated but duly registered subsidiary in Vanuatu, where most international clients trade.
worldtradex provides assistance to trading clients via its 24 hour Monday through Friday multilingual customer support service that features dedicated account managers. The broker also has a live chat service and an online form you can fill out, as well as a support email address, fax and phone number. In addition, worldtradex maintains active social media profiles on Facebook, Twitter, LinkedIn and other networks. All information on this website represent subjective views of the authors and they are solely informational. The operator of the website or the authors of the articles do not bear any responsibility for any decisions that visitors may make after reading articles published on the TradingBeasts website.
These resources cater to both beginner and experienced traders, offering valuable insights into market trends and strategies. While the broker does not boast an extensive educational library, it offers enough material to assist traders in improving their technical and fundamental analysis skills. worldtradex offers a solid variety of tradable instruments, catering to traders interested in multiple asset classes.
The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), adding an extra layer of credibility and assurance for traders. While an worldtradex no deposit bonus does not exist, worldtradex offers a 100% first deposit bonus with a $2,000 limit. Terms and conditions apply, and I urge traders to read and understand them before accepting the incentive. worldtradex occasionally introduces other bonuses and promotions, which have included a $50 worldtradex no deposit bonus or annual interest on free margin. worldtradex offers traders the core MT4 trading platform without third-party upgrades.
At first, I wouldn’t say I liked the small selection of cryptocurrencies, but I appreciated them when I took a deep look at their trading conditions. After all, I often scalp, and their low spreads create favorable conditions for this. worldtradex lacks stock and ETF trading options even if it provides tools and educational materials such as economic calendars and trading alerts. Also, although it has a rather small asset range and may not fit all investors, worldtradex is a good option for traders looking for low-cost forex and CFD trading in a safe atmosphere. Also, a recommended minimum deposit of $500 is suggested for those looking to maximize their trading experience and access additional features. However, worldtradex does not provide ETFs or stock trading, also the range is rather with popular products in asset classes, thus reducing options for people looking for equity investments.
worldtradex’s investment offering is excellent for forex traders but weak in other departments. Your review can make a difference to other traders, please leave a comment if you have any personal experience with worldtradex. worldtradex runs on the most commonly used MetaTrader 4 (MT4) platform, which is well-known for dependability and sophisticated trading tools. Also, an additional International entity worldtradex serves is located in St. Vincent & the Grenadines and newly established Nevis and Mwali branch in Comoros.
One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment. worldtradex also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework. The platform feels really smooth, its easy to find tools and also navigate, there are also no commissions and deposit fees which makes it more affordable. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters. I rate worldtradex’s customer service as top-notch in terms of responsiveness and speed.
EeziePay and AWEpay process both deposits and withdrawals instantly, however you should be wary of currency conversion fees. The other e-wallets Neteller and Skrill process deposits within an hour of the request and are instant for withdrawals, which is competitive. I like worldtradex’s floating spread pricing model, which rivals the cheapest zero-commission brokers that I have reviewed.
Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. These combine well with worldtradex’s free forex VPS, hosted by BeeksFX, which is available to traders who deposit at least $2,500 and trade at least 30 lots per month. The three chart types MT4 offers are far behind newer alternatives such as TradingView, and the 9 time frames from 1 minute to 1 month have also been surpassed by many other platforms. This is low compared to many brokers, but it’s still a downside since rivals like Vantage charge nothing, making them a better fit for casual traders. Besides the very frustrating withdrawal charge, worldtradex’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy.