It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large. worldtradex is among the most popular trading platforms found around the world, and it is an excellent choice for many traders. Although, their popularity in Japan is not so good after a bad breakup with the Japanese market to satisfy FSA regulations (which they were unable to attain). I like that I can select from a lot of accounts at absolutely any point, giving me the full range functionality of the platform. If I decide to use a different strategy that would be best with a different set of trading conditions, trade execution, spread and leverage, I can simply create an account that fits my demands.
High Risk Trading Warning
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How To Make A Withdrawal
In my opinion, MT4 is best suited for automated trading via Expert Advisors (EAs). The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak the parameters of their strategies so that they can be used under different market conditions. Today, worldtradex continues to solidify its position in the trading industry, governed by transparency and a deeply held commitment to its clients. worldtradex provides support in over 30 languages, allowing the platform to be accessible to those around the world. The main website is available in 14 languages, with the option to change language at the top of the page. By providing these free, easy-to-digest educational materials, worldtradex aims to empower traders with the knowledge they need to navigate the financial markets confidently.
To put bluntly you have done your money and when you complain you get a call no it can’t be stopped but if you deposit some you may get a profit. worldtradex is a strong all-round broker with a reliable platform, low fees, high leverage, and a selection of welcome bonuses. Traders can also get started with a $100 minimum deposit while the worldtradex.com group has good reviews from other users online. The primary difference between live floating/live fixed trading accounts and the ECN/STP model is market execution. Real accounts use instant execution with re-quotes, whereas STP/ECN accounts use market execution, so no re-quotes are involved. worldtradex recently strengthened Worldtradex cheating its educational tools by introducing the Academy.
Client Portal Login
Some features and services may vary depending on where you reside. The platform is so easy to operate which is something I do not trade for anything and also it’s a good broker with great customer service. Commissions on zero spreads accounts didn’t appear to be small. These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency. Among the financial service providers, there are fraudsters that we promptly report.
- However, its dated and rugged design is inferior to newer and sleeker platforms.
- Our tight spreads and fast execution allow you to enjoy cost-effective trading and grasp numerous opportunities.
- The assortment is wide enough to accommodate the basic needs of most types of traders.
Earlier in 2018, worldtradex announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced. worldtradex offers a wide range of retail and professional accounts with different pricing mechanisms and no minimum deposit requirements. Traders can choose between fixed-spread and floating-spread accounts. While it provides competitive spreads on certain instruments like TSLA, its spreads on EUR/USD and GBP/JPY are higher than the industry average.
Desktop Experience
My live tests demonstrated that worldtradex charges above-average spreads on forex. I discovered that its EURUSD spread on the No Commission account exceeds the industry average considerably. Brokers operate multiple entities globally, but regulatory protections vary. Some regulators enforce stricter financial standards than others, so traders should understand the safety measures of the entity they choose to open an account with.
- Note, the broker is planning to introduce MetaTrader 5 (MT5) to its platform offering, which will bring more advanced analysis tools and trading features for experienced traders.
- According to its LinkedIn page, worldtradex has been in operation for 15 years and employs over 600 people—both indicators of its stability.
- Pricing for Forex, spot, and CFD instruments is average-to-competitive, with significantly lower costs at higher account tiers.
- worldtradex has its own Academy where you can learn via seminars and webinars, or find out about an expo to attend.
- The list of Forex, spot, and CFD trading instruments is well-constructed but some rivals offer more comprehensive listings.
- worldtradex’s TradeCopier connects signal providers and signal followers and is available from the client portal.
After reviewing the broker’s legal documents, I found everything to be in order. The Client Agreement is easily accessible on the website, with all relevant information presented clearly and in an easy-to-understand format. Overall, I concluded that worldtradex is an excellent choice for day traders, copy traders, and algorithmic traders. Have been with it for few years, and sure it lacks some features, but in that same time all the ‘hype’ brokers disappeared.
However, the broker could enhance its offering by introducing an alternative to the MetaTrader 4 platform. The range of trading instruments allows it to appeal to most traders as do the support for all types of the MetaTrader 4 platform. Those who are not fond of MT4 for some reason will not want to use worldtradex since this is the only supported platform, but most traders should be very happy with its offerings. Beginners will appreciate the worldtradex Academy with its educational materials while even advanced traders can benefit from seminars and webinars. The range of MT4 platforms supported by worldtradex allows this platform to appeal to traders of all skill levels. Beginners may stick to MT4 Standard while experienced traders will use MT4 Advanced and professionals or money managers will use the Personal Multi-Account Manager.
worldtradex is an online, multi-asset broker best known for forex trading. Once registered, users can access the popular MetaTrader 4 (MT4) trading platform, flexible leverage and ultra-low spreads starting from 0.0 pips. This review will fully report worldtradex’s offering, including exclusive deposit bonuses, demo accounts and fast deposit and withdrawal methods. The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives. Clients can choose between two types of floating and an equal number of fixed accounts that offer different spread schedules and fee structures. Several account types allow retail clients to bypass worldtradex’s dealing desk, which carries a systematic conflict of interest, and trade directly with the interbank system.
worldtradex processes payments in multiple currencies via bank wire, credit and debit cards, and e-wallets. I asked a series of questions with varying degrees of difficulty and determined that the agent’s answers were swift and comprehensive. He was also polite and patient, taking his time to provide satisfactory answers to my questions. Overall, I assessed that worldtradex’s customer support is of very high quality. When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. I opened a No Commission account with the Notesco Int Limited entity and performed my tests on the desktop and mobile app versions of the MetaTrader 4 platform.
When we used worldtradex, our experts also found that scalping, hedging, intraday trading and swing trading are all accepted. Finally, investors benefit from the latest features from Trading Central via the Client Portal as well as from trading widgets including a currency converter, a pip, margin and profit calculator. worldtradex also offers an economic calendar while a VPS is available for $30 per month or with a minimum deposit of $5,000. Withdrawal times vary depending on the banking provider but range from the same day to 10 days. worldtradex customers can choose from a good range of deposit and withdrawal methods. Try our exclusive STP Zero Spread account and enjoy spreads as low as 0 pips.
The free worldtradex Research app allows clients to look at stock market data, financial viewpoints, and videos in an easy-to-use format. However, stale and outdated information undermines the app’s enormous potential, with the most recent entries going back several years in some cases. The “Live Economic News” showed up to date reports, but “Live Currency Quotes” produced a dead link. The “Intraday Comment” section had a single 18-month old entry about the Eurozone. Established in 2010 and headquartered in Cyprus, worldtradex is a financial derivatives broker known for its extensive range of trading tools and features.
worldtradex does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea. We remain committed to offering competitive conditions and superb services which are recognised by the industry. worldtradex does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan, Syria and North Korea.
worldtradex enables commission-free trading; however, I found that spreads on some popular instruments exceed the industry average. As a large international forex broker, worldtradex offers a variety of support resources. You can find instructions for using the MetaTrader 4 platform on worldtradex as well as numerous outside resources.
Minimum EUR/USD spread is listed at 0.7 pips while average spread is listed at 1.2 pips. These numbers may be deceiving, given the broad variety of accounts, fees, and routing choices. Spreads drop significantly on major Forex pairs between Micro and VIP tiers but minor pairs show no variation. In addition, tiers apply only to forex, with all account types paying similar spreads and/or commissions when trading CFD or spot instruments. Several pages not properly linked to the main site announce the availability of cryptocurrency trading but our reviewer found no contract, spread, or fee information.
Email address and phone numbers are provided for satellite offices in Cyprus, South Africa, and Australia, allowing local contact. Or international phone number, forcing potential charges for calls made to Cyprus or other satellite offices. Metatrader 4 and 5 for Android, iOS, and Windows Mobile provide easy integration with desktop and tablet versions. They also offer the free worldtradex Research app, which has no trading functions. Metatrader 5 adds important features lacking in the older version but retains frustrating aspects of this industry-standard software, including weak customization and limited conditional orders.