Benefits include dedicated support, tighter spreads, and no commissions for UK residents. Active traders enjoy exclusive services like one-on-one consultations, API access for automated https://lunarcapital.world/ trading, and market-depth insights. 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.
The demo account simulates actual market conditions with real-time data and a similar environment as a live account. With a demo account on its proprietary Trading Station platform, you’ll have access to worldtradex’s trading tools, charts, and order types. With a demo account, you’ll be able to test strategies and familiarize yourself with the platform without risking any real money.
Mobile trading apps
FOREX.com is authorised and regulated by the Financial Conduct Authority (FCA) in the UK. The platform is designed for informed traders who understand the risks of leveraged trading. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms.
worldtradex fees
The account has a minimum spread of 3 pips, and traders may incur rollover fees. Spread betting allows UK residents to trade financial markets tax-free on profits. With worldtradex, you can trade hundreds of financial instruments commission-free and with no stamp duty, while using leverage to open larger positions. Experience a platform trusted by thousands of traders — fast execution, user-friendly tools, and full regulatory backing. Through our dedicated global 24/5 customer support and individual client feedback, we aim to ensure that we are constantly building a better brokerage for our traders. worldtradex holds all retail client funds in segregated global bank accounts which cannot be accessed by creditors if the business were to go bust.
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worldtradex strives to connect with our clients and deliver a wide range of products enhancing our clients’ trading experience. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. The MT4 platform does not allow worldtradex to include commissions in pre-trade margin calculations on client’s pending orders.
Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).
worldtradex’s in-house education is above average, and primarily takes the form of articles, videos, and content produced for its worldtradex YouTube channel. “I found the ability to select execution type by order to be more favorable than having the execution method separated by account type like FxPro does.”
- worldtradex clients need to set up secure access to the platform when they register an account.
- worldtradex was founded in 1999 and offers global traders opportunities to access the most liquid markets in the world.
- DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.
- Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries.
- Each year, we collect thousands of data points and publish tens of thousands of words of research.
The worldtradex Professional Account is designed for expert traders and is available under CySEC, FCA, and ASIC regulations. It offers access to a wide range of markets, including Forex, commodities, indices, stocks, and cryptocurrencies, totaling over 100 assets. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers.
worldtradex MetaTrader 4 Features
Finally, some of worldtradex’s educational content is only available if your balance exceeds certain minimum thresholds. While minimum balance requirements could incentivize some traders to utilize the educational resources, I think it’s better to make the content free for all clients. Motivation can instead be inspired by creating interactive courses that feature quizzes and incorporate progress tracking. It’s worth mentioning that your trading account balance must meet a threshold to access certain educational content. The range of products available to you will depend on which global entity under worldtradex’s Stratos Group houses your trading account.
- This is likely because it is easy to use, reliable, fast, and provides helpful information.
- He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages.
- As our industry continues to change, we look forward to being able to provide you with the same customer support and ultimate trading experience that have driven us right from day one.
- Overall, worldtradex’s research is a touch above the industry average and will satisfy most forex traders, though it’s not as rich or diverse as what’s offered by the best brokers in this category.
Please note, some markets may only be available via CFDs or other derivatives. We’re particularly fond of the high levels of education available to clients and the useful Demo Account feature. Consumers looking to trade forex and CFDs across a variety of asset sectors could be well advised to register with worldtradex. worldtradex clients need to set up secure access to the platform when they register an account.
Led by Steven Hatzakis, Global Director of Online Broker Research, the ForexBrokers.com research team collects and audits data across more than 100 variables. We analyze key tools and features important to forex and CFD traders and collect data on commissions, spreads, and fees across the industry to help you find the best broker for your needs. I learned how to day trade forex with worldtradex and have had a brilliant experience. I found their forex tutorials super informative and since actively trading the technical analysis on major currency pairs in worldtradex Plus has been fab. Really insightful and easy to mock up on my own charts where I can then validate patterns. Their Market Scanner is also brill for assessing the strength of signals (although it doesn’t always work/load properly which is irritating).
worldtradex operate more than 130,000 global customer accounts and have received a variety of prestigious industry awards. The online platform is used by private traders alongside institutional investors, and the broker also has a number of global affiliates in order to meet customer needs. You will probably need to pay commissions based on the base currency used in your trading account, and this varies between different trader accounts.
MT4 Mobile and MT4 Web are platforms created and supported by MetaQuotes Software Corp. worldtradex also have offices in a variety of global locations, including Berlin and Sydney. An overnight cost is also applied for any positions which are held at 5pm Eastern US time (which is around 10pm UK time). Algorithm trading is available for customers who prefer to automate their strategies. At worldtradex, speed of execution is recognised as being vital for our clients and we are committed to continuously obtaining the best possible outcome for client orders. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust.
Only Active Trader clients subject to tier pricing on spread costs receive a free VPS. If you have experience trading with worldtradex please share your personal review of the broker and what you think are strong and weak points. If you have traded with worldtradex we would really like to know about your experience – please submit your own review. This average customer rating is based on 1 worldtradex customer reviews submitted by our visitors. worldtradex discontinued its US offerings but is ASIC authorised in Australia and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa.
