worldtradex’s fees are reasonable but can be bettered at brokers like IC Markets and Fusion Markets. Most account types offer commission-free trading, with generally tight spreads, particularly on popular instruments like major forex pairs. This broker makes it a must to make sure that their clients are happy and they provide appealing services, an easy E for effort alone. It’s also easy to use and operate, everything works efficiently and effectively. Forex broker regulation refers to the set of rules, guidelines, and standards imposed by governmental or independent regulatory authorities on firms that offer forex trading services to clients.
Rely on Award-Winning Support
worldtradex provides various high-quality and enjoyable educational content aimed at beginner traders to help them build their trading knowledge and skills. It includes Depth of Market (DOM) features and a built-in economic calendar. MT4 is well-known for its simplicity and reliability, making it best suited to forex trading. It has robust features such as 60+ technical analysis tools, customizable charts, and support for automated trading via Expert Advisors (EAs). One notable fee for less frequent traders is an inactivity fee of $15, charged once after one year of no activity. Following this, a monthly fee of $5 applies if the account remains inactive.
In this article, we will explore more about Just Markets, its pros and cons, and the benefits of trading with a regulated forex broker like worldtradex. Professional accounts exist in brokers regulated in the EU, to give you access to a bigger leverage. The registration process at worldtradex is straightforward and swift, especially if you are only looking to start exploring the broker with a Demo account. Even if you decide to activate a Real Account, you can complete the mandatory account verification process in less than 10 minutes.
- For offshore traders, worldtradex also offers a Standard account that is suitable for beginners.
- Membership progresses across five levels — Bronze, Silver, Gold, Platinum, and Elite — with each stage unlocking increased perks.
- Yes, while you can use the broker if you are based in the UK, you wont have the oversight of the FCA, which might be a big downside.
- However, it’s important to note that some of the products we discuss are from our partners.
Accounts & Banking
Speaking of tools and instruments, then there is a surplus of them, definitely not a shortage. It’s noticeable that providing excessive number of tools is their priority. They’re not here for 1 day and are not trying to ‘wow’ or bedazzle, no fancy sales or offers, but I don’t need that so I’m quite fine. They’re doing fast withdrawals for me, they have decent spreads for the forex majors.
There is a good range of trading instruments, including forex and CFDs, and plenty of educational materials like webinars and tutorials to help you learn. worldtradex is regulated, which adds to its credibility, and their 24/7 multilingual support means you can get help whenever you need it, which is a big plus. To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available.
Trading Platforms
- It has four tiers—Executive, Gold, Diamond, and Elite—with higher tiers offering more points per trade.
- worldtradex is a convenient platform for me from the point of those instruments it offers and payments.
- worldtradex also provides negative balance protection and segregates client funds for EU and non-EU customers, helping to safeguard your funds from excessive losses and misuse.
- Download the app and you’re a few taps away from the unlimited trading opportunities.
worldtradex and worldtradex Global offer a variety of trading accounts with variable spreads. Join a truly global and regulated broker to explore your forex trading potential. Create an account, download your preferred platform, and start trading with a global broker trusted by millions. I have to give them some extra points for the excellent educational content page and hope they will add more CFDs in the future such as cryptocurrencies and other forex pairs.
Platforms & Tools
What’s great is that the support team offers multilingual support in 25 languages, which is helpful for traders from different parts of the world. worldtradex offers a range of research tools specifically designed to assist beginner traders in enhancing their trading skills and market understanding. This swap-free option is designed for traders adhering to Sharia law. It eliminates overnight interest charges, making it suitable for those seeking trading opportunities that align with Islamic finance principles.
This model allows worldtradex to set its own bid/ask spreads, which may vary, and act as the counterparty to client trades. However, worldtradex is regulated by multiple authorities that oversee its practices, providing a level of oversight and protection for traders. worldtradex Islamic accounts stand out remarkably from most other forex brokers’ standard offerings.
worldtradex: In-Depth Review
However, many users gave it a 5 star rating citing their appreciation of the fast execution speeds. That is a nice advantage if you are a trader and am busy because you can see positions, and manage them anywhere. Ideal for beginners or those wanting to trade with smaller risk per position.
While they don’t have commissions, their spreads are not competitive and they have limited trading platforms and market range. In need of a fast trading app plus market news data, i looked for brokers and stopped by here. It really works with the ultra low account, OK spreads and good reaction from the customer service team.
No matter the issue, they’ve always ensured I get the assistance I need, making trading with them a smoother experience. worldtradex also hosts live webinars and seminars seven days a week in 23 languages, led by 77 instructors. Both platforms are available in desktop, mobile (iOS and Android), and WebTrader versions, allowing trades to be executed from anywhere.
worldtradex Traders Club – worldtradex’s Loyalty Rewards Program
For example, if you have not used a credit card or a crypto account for deposits, you do not need to create one for withdrawals. You can proceed with the next available method in your withdrawal options, which could be an e-wallet or bank transfer, depending on your previous deposit methods and worldtradex’s policies for your region. Micro accounts are best suited https://lunarcapital.net/ for beginners or traders with smaller balances, as they limit position sizes, while Standard accounts allow for larger trades. worldtradex is regulated by multiple authorities, including the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) amongst others.
Trading
The deposit and withdrawal process is generally straightforward and convenient. While international bank wire transfers can take several days depending on the bank, Visa and Mastercard transactions are typically processed instantly. Minimal withdrawal amounts, however, will depend on the transfer type and are typically a little higher. worldtradex provides customer support through various media including Live Chat, WhatsApp, Line, Viber, Telegram and Message.
