It is an ideal choice for multilingual, international traders thanks to its multiple language support. It also offers commission-free deposits, and traders are reimbursed for any fees incurred via their chosen payment system. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. worldtradex has two expensive, commission-free cost structures and one competitive, commission-based alternative. The fixed-spread account starts with minimum spreads of 3.0 pips, or $30.00 per 1.0 standard round lot, versus the floating-spread alternative of 1.3 pips or $13.00. Both are expensive, but the commission-based ECN option shows raw Worldtradex review spreads from 0.0 pips for a commission of $5.00 per round lot.
- This is quite apparent compared to other brokers with more in the way of courses, tutorials, and ebooks on offer.
- They’re known for high leverage levels and a large range of assets to choose from.
- The experienced team at GX2 Systems will help expand South Street Securities’ footprint in the primary dealer, large international dealer and hedge fund ecosystem.
- MT4 offers 30 indicators, 9 timeframes, beginner-friendly tools, and a single-thread strategy tester.
- The commission-based ECN alternative delivers competitive costs with raw spreads from 0.0 pips for a $5.00 commission and requires a $200 minimum deposit.
- With this particular broker it’s important to think about high leverage.
By the end of this worldtradex review, it will be easy to make an informed choice. Whether using bank cards, cryptocurrencies, or e-wallets, worldtradex ensures a smooth experience for its clients. worldtradex offers an exclusive 20% bonus on your deposit when you switch from another broker. A competitive ECN trading environment with audited and verified order execution. It’s a good idea to explore all alternatives alongside worldtradex to make the best decision.
For that reason, it’s important to check before making a trade, to ensure the specific leverage amount. Despite that, worldtradex certainly has one of, if not the, highest leverages in the forex world. This is one of the reasons many forex aficionados choose this broker. With multiple payment options and a transparent fee structure, worldtradex ensures efficient and secure financial transactions for its clients.
- worldtradex has four account types, one being a dedicated cryptocurrency trading account.
- Partners receive one-time payments, up to $20 for confirmed registrations and up to $500 for funded accounts, depending on the deposit amount.
- worldtradex offers some of the highest leverage on the market and has a large number of tradable assets.
- While offshore regulation may not be ideal for some, there is considerable peace of mind due to Financial Commission membership.
worldtradex also caters to beginners with its various educational resources, webinars, and demo accounts. The low minimum deposit of $100 and the availability of Islamic accounts make it an attractive option for new traders. I like the worldtradex trading environment for its low trading fees in its ECN account, VPS hosting, volume-based rebates, and cutting-edge trading infrastructure.
My review did not uncover a time limit, suggesting that worldtradex understands the requirements of demo trading. I recommend traders use the demo account registration of MT4/MT5 and use similar settings to their preferred live portfolios for a more realistic demo trading experience. Another advantage of choosing worldtradex broker is its range of trading platforms. The first option is ideal for beginner traders, yet many experienced traders also enjoy its features. This platform has a number of analytical tools and is available via an app, web, or PC/Mac download.
This is an independent financial services mediator that ensures transparency and integrity of a broker. Within this, there is a compensation fund of up to €20,000 per trade claim. This platform offers partial order filling, community chat, and six types of pending orders. This particular platform is a good option for copy traders and for algorithmic trading too.
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It lacks coverage of core topics and provides readers with reasons to trade Forex rather than educating beginners on how to get started. I like its focus on trading strategies, but I need critical educational material. Traders get the MT4/MT5 trading platforms as customizable desktop clients, lightweight web-based alternatives, and user-friendly mobile apps.
The broker also provides a copy trading platform, allowing users to replicate expert strategies effortlessly. worldtradex’ educational resources include regular market reviews, an economic calendar, a trader’s calculator, and AutoChartist, equipping traders with valuable market insights. With a minimum deposit of $100, traders can access competitive conditions and various bonus programs. Whether you prefer manual trading or automated strategies, worldtradex has an account type that fits your needs. worldtradex provides a user-friendly and cost-effective deposit and withdrawal process, with no fees for deposits and quick processing times. The availability of multiple payment options makes it easy for traders to fund their accounts and withdraw funds.
High Leverage Options
For index traders, worldtradex provides 13 stock indices, including S&P 500, Nasdaq 100, and FTSE 100. The broker also supports commodities and metals, with options like Brent crude oil, gold (XAUUSD), and aluminum. Additionally, cryptocurrency traders can explore 26 digital assets, including Bitcoin (BTCUSD), Ethereum (ETHUSD), and XRP (XRPUSD). The Standard account is the best choice for beginners, offering a low deposit requirement and no commissions.
Exclusive Tools for Smarter Trading
Withdrawal fees apply, with details available on the broker’s website. Yes, both platforms are available for iOS and Android, allowing you to trade on the go. Partners earn up to 80% of worldtradex’ revenue from trades made by their referred clients, regardless of the client’s trading success.
Customer reviews
The proprietary copy trading service, which requires a minimum deposit of $100, presents a quality alternative to the embedded MT4/MT5 copy trading services. worldtradex also has a VIP program, upgrading the worldtradex trading experience significantly via up to 30% reduction in trading fees and increased cashback. worldtradex’ fee structure is highly competitive, with varying spreads and commission models to accommodate different trading styles. The Standard account offers floating spreads starting from 1.3 pips with no commissions. The ECN account has tighter spreads from 0.2 pips but charges a commission of $2.5 per lot per side. worldtradex stands out for its diverse range of promotions, offering traders plenty of ways to earn bonuses and rewards.
Web Trading Apps
Yes, worldtradex provides a WebTrader version, allowing you to trade directly from your browser without downloading any software. Simply sign up, select your preferred partnership model, and start referring clients using the promo materials provided by worldtradex. To celebrate its 17th anniversary, worldtradex is offering a Grand Birthday Raffle with prizes like a Porsche Cayenne and over 100 Apple prizes.
It’s important to assess advantages and disadvantages and make the best personal choice. With this particular broker it’s important to think about high leverage. While this is a positive aspect, it can work in the opposite direction too. worldtradex has four trading accounts designed for amateurs and professional traders. They also offer an Islamic account option for traders who adhere to Islamic rules on trading.
Limited Educational Resources
It offers copy trading and algorithmic trading, alongside a range of account types. Additionally, this broker has many educational resources for skill development. They’re known for high leverage levels and a large range of assets to choose from. They also offer a range of trading platforms, along with an app for on the go trading. worldtradex provides round-the-clock customer support, ensuring traders receive assistance whenever needed. Clients can reach the support team via email, Telegram, and through their personal account support service.
Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. worldtradex broker has many features for all trading abilities levels.
For residents of countries which this broker doesn’t accept, there are several other notable options to consider. This is limiting for traders and means that residents of these areas cannot benefit from the many advantages that worldtradex offers. worldtradex charges overnight funding (swap) fees on non-islamic accounts.