worldtradex stands out with its unique ECN XL account, which blends features of both Classic and Raw accounts. In some cases—like with the EURUSD pair—spreads can drop to 0.0 pips, allowing traders to open positions with virtually no cost. Additionally, traders have access to real-time market data and analysis to help them make informed decisions. The combination of educational tools and a well-regulated environment makes worldtradex a reliable option for traders looking to expand their knowledge while maintaining secure trading conditions.
How To Open An Account
In our experience, the 0.2-pip average spread on EUR/USD is far tighter than most commission-free accounts, which regularly charge 1 pip or more for this major pair. The most frustrating absence is stocks, which are entirely missing, though traders can at least speculate on stock markets through index CFDs. Withdrawals at worldtradex are also disappointing, with all methods besides cards and wire transfers incurring a percentage withdrawal fee that can reach a hefty 3.4%, depending on the method. Wire transfers incur a $30-$45 flat fee (minimum limit of $500), many times more than the $5 withdrawal fee at eToro. Review of their terms and conditions, however, shows that there are regional and other eligibility restrictions.
CySEC works under an extensive set of regulatory guidelines proposed by the ECB and the MiFID, as per the input and supervision of individual regulatory agencies across Europe. All Forex trading companies domiciled in the EU are subject to the regulatory supervision and scrutiny from all allied regulatory organizations, which ensures a uniform code of conduct across the EU. worldtradex is also expected to have an effective insolvency procedure in place to ensure that all customers will be fairly compensated in the event of bankruptcy or liquidation. The CySEC has further reinforced investor safety through the Investor Compensation Fund that provides a guarantee of up to €20,000 if a broker winds up its business without warning. worldtradex is registered as a Cypriot Investment Firm (CIF) under the brand name, Forex Central Clearing Ltd., which holds at least €1 million in tangible assets. worldtradex also ensures the most secure trading environment through state-of-the-art encryption technologies for processing payments, as well as for connecting traders to the best liquidity providers in the market.
- Traders have access to a range of Forex tools providing invaluable insights into Forex trading trends, including Forex calculators, live quotes, market hours, and more.
- According to worldtradex’s LinkedIn page, the broker employs between 11 and 50 professionals—a typical size for a company of its scale.
- worldtradex’s educational materials are of great value to beginners and intermediate traders, but with little to offer to seasoned traders.
Forex Broker Bonuses
- Beginners will appreciate the straightforward pricing model with zero-commission trading, while experienced traders will rate the tight spreads with no restrictions on trading strategies.
- worldtradex supports trading via the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, with MT5 added in 2025.
- This approach negates any conflicts of interest or price mark-ups, corroborating worldtradex’s stance as a trustworthy partner in trade execution.
- From my testing, worldtradex’s spreads are generally on the lower end, though its swap fees are noticeably higher.
worldtradex offers a decent selection of payment methods including standard card and wire transfers as well as crypto and e-wallet solutions. This is a convenient range and I was especially happy with the inclusion of crypto payments as these are highly flexible and should work for traders based almost anywhere. Our ECN XL account has all the features and benefits you would expect and demand from an ECN/STP broker who has always been https://lunarcapital.vip/ right at the cutting edge of industry development.
Tools
You must set up a suitable forex trading strategy that corresponds to your trading personality. Those who invest wisely can achieve high returns from forex trading. The most popular currency pairs are probably EURUSD, USDJPY, and EURGBP.
How do I deposit money into a worldtradex account?
worldtradex comes with MetaTrader 4 (MT4), which is well-known and liked by a majority of global traders. It is equipped with useful tools such as advanced charting, and trading strategies, and a nice user-friendly interface. This step is counted as one of the very important factors for traders and thus their ratings go higher.
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. worldtradex provides a range of high-quality research materials and tools developed in-house. The content includes broad articles on a variety of topics, an economic calendar, and daily technical outlooks.
For instance, anyone registering from a CySEC regulated region is not able to accept a bonus. The e-wallets Neteller, Skrill, EeziePay and AWEpay are the fastest as they process withdrawals immediately. Crypto withdrawals are also quick as you can expect funds to be transferred within just 15 minutes. However, bank cards and wire transfers take up to five working days. On the downside, the offshore branch is unregulated, reducing the broker’s safety rating for global traders. The European branch is licensed by the CySEC, a reputable regulator, and the brokerage has earned a good reputation with over 10 years in the business.
While the broker does not offer phone support or automated bots, the availability of live chat and email ensures that most issues can be resolved quickly and effectively. This customer-centric approach makes worldtradex a solid choice for traders who prioritize responsive and professional support. worldtradex provides traders with access to a variety of research and educational tools designed to enhance trading knowledge and skills.
worldtradex operates on a spread-only model, with spreads starting as low as 0 on major currency pairs. worldtradex is committed to providing its users with educational resources through webinars, trading guides, and market analysis. The company helps traders to improve their skills, through which it attracts customers. This is because, both beginners and experts, find the website useful. If you have no special requirements or wishes, keep the standard account.
The $0 minimum deposit also makes the forex broker accessible for new traders. As a regulated broker, worldtradex is unwavering in its commitment to offering its clients tight and competitive spreads. By doing so, we aim to create an optimized trading environment where the incurred costs are minimized, allowing traders to maximize their potential profits and maintain robust financial health. This adherence to providing low spreads is reflective of our dedication to empowering our clients in their trading endeavors. worldtradex offers a universal trading account called ECN XL, which features zero commissions and raw spreads starting from 0.0 pips. There is no minimum deposit requirement, and traders can convert their accounts into Islamic accounts for swap-free trading.
