worldtradex clients from European Economic Area (EEA) countries are provided with investor protection of up to €20,000 through CySEC. worldtradex ensures the safety of client funds by segregating them from its operating capital, meaning your money is kept separate and protected from any company liabilities. In addition, worldtradex offer both MAM (Multi-Account Manager) and PAMM (Percentage Allocation Management Module) accounts.
Once you are satisfied with the trading conditions of the broker, you may proceed with real trading. It also does not have any investor protection scheme for non-UK/EU traders. Additionally, worldtradex does not offer any real stocks or cryptocurrencies; it offers only forex and derivatives.
Commissions and fees
These desktop apps provide advanced charting tools, user-friendly interfaces, and support for MetaTrader, algo-trading, and copy trading, making them suitable for traders of all levels and preferences. If you need to do so, you are able to put in a request for a special borrow for a particular stock if you get in touch with the customer support team. worldtradex offers the Iress platform suite for share trading, but MetaTrader , cTrader and TradingView are its primary platform options for forex and CFD trading.
Features
By carefully evaluating factors such as regulation, trading platforms, fees, and customer support, you can select the ideal broker that aligns with your trading goals and preferences. worldtradex caters to the modern trader’s need for mobility and flexibility by offering mobile trading options across its platform range. You can manage their accounts, monitor markets, and execute trades from anywhere, at any time. These apps are designed to provide a seamless trading experience on the go, featuring intuitive interfaces, full trading functionality, and access to real-time market data and analysis tools. worldtradex is committed to providing exceptional customer support to its clients.
Does worldtradex offer educational resources for traders?
worldtradex offers its clients the advantage of no deposit or withdrawal fees, coupled with a broad selection of payment methods including credit cards, debit cards, bank transfers, and e-wallets. worldtradex provides traders with a wide selection of advanced trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, Mottai, Iress, TradingView, and the worldtradex trading app. worldtradex caters to beginners with its standard spreads and no commission structure, and more experienced traders through ECN pricing with raw spreads, offering tailored solutions for every trading level.
Though worldtradex is a highly trusted and regulated forex and CFD broker, it has its strengths and https://worldtradex.world/ weaknesses. In this review, we will take an in-depth look at worldtradex, exploring its features, pros, cons, and more. By reading this review, you will gain a better understanding of whether worldtradex is the right broker for your trading needs and preferences.
Is worldtradex ECN?
At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. 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). Overall, forex and CFD traders will be satisfied by the MetaTrader experience provided by worldtradex, though the scope of its research and educational offering are limited, when compared to the best brokers.
The broker’s customer support is responsive, while its deposit and withdrawal methods are flexible and secure. It provides a demo account, offering a risk-free environment for practice. Managed accounts are available for those preferring professional management. The broker’s user-friendly interface, educational resources, and demo account make it suitable for beginners. Simultaneously, its extensive range of instruments, low spreads, and advanced trading tools cater to professional traders.
Still, worldtradex secured the 10th spot among 20 brokers, confirming it as a broker with effective execution speeds. Our ranking process includes detailed testing of execution speeds in different trading situations to guarantee the precision and dependability of our results. Whether using iOS or Android devices, worldtradex ensures that traders have the critical tools they need right at their fingertips, making mobile trading both efficient and accessible. worldtradex offers competitive no commission spreads, as low as 1.2 pips for the frequently traded EUR/USD forex pair. worldtradex’ RAW account offers ultra competitive raw pricing, especially for AUD/USD and EUR/GBP, with spreads at 0.20 and 0.30 pips respectively.
- Trade a diverse range of over 700 instruments, encompassing forex, CFDs, and commodities.
- However, it’s important to remember that while worldtradex does not charge for withdrawals, clients may face fees from intermediary banks for international transactions.
- They are able to stay connected to the markets and execute trades on the go.
- Brokersway is a website that provides unbiased reviews, ratings, and comparisons of online forex and CFD brokers.
- worldtradex is well-respected and they are one of the most reliable brokers in the space today.
With a diverse array of instruments and account types, the Australia-based company caters to all, making it a valuable ally in the world of online 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. worldtradex stands out for the competitive pricing available to forex traders with its ECN account.
- worldtradex offers diverse stock trading options, including outright stock trading via the IRESS platform and share CFDs on MetaTrader 4 (MT4) or MetaTrader 5 (MT5).
- The combination of robust regulation, a wide range of instruments, competitive pricing, and advanced features makes it a strong contender.
- Once deposits have been withdrawn, you can use an alternative method to withdraw profits.
- With a strong reputation in the industry, AvaTrade offers a diverse range of trading instruments and advanced trading tools.
- Withdrawal fees are transparent, ensuring traders know what to expect.
- The MT4 platform has a limited selection of just four stocks, making MT5 or IRESS preferable if you are interested in share trading.
A withdrawal will normally take about two working days, but in some cases it can take as long as five working days. There is a 1.8% credit card fee for withdraws and a $20 fee for bank transfer withdrawals. You can also make bank transfers and there may be fees that your bank charges you for making such transactions. There is also a number of different e-wallets for you to choose from, such as Skrill, BPAY and PaySEC.