Also, Though its rather small asset range it may not fit all investors also only one platform MT4 is available, worldtradex is a good option for traders looking for low-cost forex and CFD trading in a safe atmosphere. worldtradex provides quality research tools meant to improve traders’ market analysis and decision-making capacity. Although worldtradex’s research products are helpful for traders, they might not be as thorough as those of other top brokers; hence, users should always augment their research with other sources as needed. Technical indicators and broad charting tools of MT4 give traders complete analytical capacity.
Fees
I decided to work with brokers right away during my long years of practice. My experience has shown me that a broker can run out of money and lose my money, but if you keep it with different brokers, you don’t have to worry. So, I am currently working with three brokers, Worldtradex and one of them is worldtradex. 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.
Investment Options worldtradex
Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. Spreads are slightly higher on alternative products, while the withdrawal fee and inactivity penalty lower its fee rating somewhat. Placing a trade is a quick and straightforward affair that can be completed in a couple of clicks via the ‘Market Watch’ window or even more smoothly by turning on one-click trading. This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage.
Perhaps, it’s one of the most significant characteristics for traders. It’s a good broker for intraday trading because trading conditions allow to earn on every move. Opening an account with worldtradex is a straightforward process designed to get traders started quickly. Honestly, I was having a lot of doubts before I started working with this brokerage company because I have not heard a lot about them.
Opening an Account at worldtradex
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 provides access to CFDs (Contracts for Difference), which allow users to trade a wide range of markets without owning the underlying assets.
- I’ve been trading with worldtradex for several months straight, and I can claim that conditions here are pretty remarkable.
- worldtradex’s non-forex asset list is less competitive, with the lack of shares a notable exclusion and very few other markets.
- worldtradex deposits are free, easy, and instant (if you pay by card or crypto).
However, in a show of good faith, worldtradex segregates all client funds from the company’s operating capital at top-tier banks, and it offers negative balance protection to all its clients. Established in 2010, worldtradex appeals to MT4 traders looking for excellent trading conditions on a single live account. However, worldtradex offers a limited range of tradable instruments compared to its peers.
Does worldtradex Offer Low Forex Trading Fees?
In the sections below, we will discuss each version of worldtradex’s trading platforms in detail, highlighting their features and benefits for every type of trader. worldtradex Trader is worldtradex’s proprietary advanced trading platform, designed for an intuitive and efficient trading experience. It includes advanced order management, real-time market data, customizable layouts, and seamless integration with worldtradex’s trading infrastructure. worldtradex Trader offers enhanced features such as one-click trading, advanced charting tools, and real-time analytics, making it an excellent choice for traders seeking a modern and powerful trading interface.
- Clients can also download a range of ebook PDFs for free that go into further detail on strategizing and online trading.
- It is the feature of honesty in terms of pricing and execution that makes the customers interested and votes with plentiful positive reviews and ratings.
- That being said, I think MT4 should have more than enough tools for most of you, especially if you are just looking to follow market prices and place or manage trades with minimal fuss.
- However, not all currency pairs are as generously priced – GBP/USD trades with a 1-pip spread, which is more expensive than the average of around 0.3 pips at Fusion Markets, for example.
- Apart from the wide selection of Forex pairs (70+), worldtradex has a disappointing range of CFDs.
I also find the FAQs section on the website a useful way to solve basic queries. This will be enough to satisfy most traders and provide opportunities to deploy a range of forex trading strategies. EeziePay and AWEpay process both deposits and withdrawals instantly, however you should be wary of currency conversion fees.
worldtradex are never charged any commission or fee for trading from their traders. However if we see its service like compatative spread and $0 commission for trading then we can forget fee. Our team highly rates worldtradex’s forex offering, which includes 72 major, minor and exotic currency https://worldtradex.world/ pairs and is on par with competitors like OANDA, which offers 68 pairs, and Forex.com with its 82 pairs. Single account never bothered me anyway and I think this is how they made sure everybody is equal and one is not getting better trading conditons than the other! I’ve seen companies who have many accounts and if you pay 10k you can get better conditions, this should not work like this, and worldtradex has my utmost respect for doing the right thing. The spreads are not that bad, but can be even lower for the popular pairs like eur/u sd because a lot of poeple trade it.
Lots of assets including forex, shares, metals + competitive leverage, tight spreads and NDD execution that guarantees orders are sent to the market immediately without slippages. Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat. The FAQ section answers many of the most common questions, and worldtradex is transparent about its products and services.
How To Make A Forex Trade
worldtradex ensures that all email communications are handled promptly and professionally, maintaining high standards of service quality. Yes, worldtradex is regulated by reputable financial authorities, including the Australian Securities and Investments Commission (ASIC) and the Financial Services Authority (FSA) of St. Vincent and the Grenadines. These regulatory bodies impose strict guidelines and standards that worldtradex must follow, ensuring the broker operates with integrity and transparency. Additionally, worldtradex holds licenses in multiple jurisdictions, providing a significant level of oversight and protection for traders. This platform provides full trading functionality, charting tools, and technical analysis capabilities essential for both beginner and advanced traders. worldtradex provides access to the widely popular MetaTrader 4 (MT4) platform, known for its reliability and advanced trading features.
It accepts all trading styles and Expert Advisors on the MetaTrader 4 platform. Its MetaTrader 4 integration provides a smooth trading experience, with no lags and only minimal slippage. It accepts all trading styles and Expert Advisors, including scalping robots, without restrictions. As I wrote here two years ago, the worldtradex broker is one of the best in the market.
In order to comply with the Anti-Money Laundering Directive, withdrawal requests will only be sent the same way the funds were received and up to the initial deposited amounts. worldtradex offers many deposit and withdrawal methods, including bank wire transfers, credit cards, and debit cards, various e-wallets, and cryptocurrency payments. The trading costs on the ECN account are lower than those of the Pro and Standard accounts, and lower than those of other brokers. Most other brokers have a trading cost of 9 USD per lot of EUR/USD traded. Alison Heyerdahl is the Head of Content at FxScouts and a financial writer with extensive experience in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast to help traders make informed, safe decisions.
