It is possible to make deposits in other currencies outside these listed but there will be exchange fees. The only platform that is offered by worldtradex is MetaTrader, which is an industry standard trading platform. They offer both MetaTrader 4 and MetaTrader 5 and they have tweaked them slightly to suit the specific needs of their users. worldtradex is regulated by multiple financial authorities, ensuring your funds are always secure.
The broker’s extensive educational resources are particularly beneficial for those looking to enhance their trading knowledge and skills. As a whole worldtradex is a trusted broker that has a solid and unspectacular offering for their users. They look after the needs of their clients through quality customer support and they have regular promotions such as a free VPS service.
Use your Demo Account and test your trading strategies risk-free with virtual funds in a simulated environment. Whether you’re a desktop or smartphone trader, MT5 is just a few clicks away. The history of growth and stability over the 15+ years of trading gives us confidence in worldtradex. Although it is not a public company or has a bank attached, we believe they have a strong track record. worldtradex TV is a great addition for videos whilst podcasts are also now on the site. worldtradex has also really put the effort in when it comes to Research and Education.
- Ultra Low accounts offer tighter spreads for cost-conscious traders, though they are not eligible for the Loyalty Program.
- We consider six months or sooner to be bad, whilst 18 months and above is generous.
- There is a library of free educational materials for worldtradex users including the likes of week interactive webinars and video tutorials.
- If you hold a position overnight, you will incur financing charges, often referred to as swaps or rollover fees.
- Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk.
worldtradex offers diverse financial instruments and is known for competitive trading conditions. worldtradex operates primarily as a market maker broker, maintaining its own dealing desk to execute client orders internally. 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’s Ultra Low Account, available across several entities of the broker, is ideally suited to the needs of high-volume traders who prioritize cost-efficiency. Traders have accesss to all financial instruments supported by the broker, such as Forex, metals, indices, crypto, stocks, and commodities.
Trusted by over 15 Million Traders
Despite this, MT4 is considered the industry benchmark for platforms and is very popular with retail clients, especially beginners. Brokers that are offering stock CFDs are now also pushing clients on to MT5 (an upgrade on MT4) as stocks are not available on MT4. worldtradex is a group of entities operating in multiple jurisdictions around the world under the umbrella of the parent company Trading Point of Financial Instruments Limited. The company was founded in 2009 and in just over 15 years it has attracted over 15 million clients from 190 countries all over the world.
Multiple Industry Awards
Anything above this amount should be transferred via bank wire or e-wallet. Specific terms and conditions apply to these incentives, with clients being able to opt out of the bonus scheme whenever they wish. Based on customers’ deposits, the broker offers a 50% bonus plus a specific percentage of the amount being deposited.
Please consider contacting a professional advisor if you require any financial assistance. worldtradex claims to speak over 25 languages and customer support is available through all the usual communication channels. We were satisfied by the availability of human support, which is an excellent feature for novice traders. It is difficult to think of what they could do more to support their customers. If you are a trader registered under the worldtradex Global entity (Belize regulation) you can have a Shares Account which means that you can trade the underlying company shares (i.e. not just the CFDs). There are 100 to choose from and are all major US, UK and German companies.
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They provide free access to daily Forex webinars in 23 languages, available 7 days a week with 77 webinar instructors. They also have worldtradex web trader which allows you to trade through your web browser without the need to download any software. Multiple payment methods are available depending on the worldtradex entity such as Credit Card, Debit Card, Skrill, Neteller, Wire Transfer, Perfect Money, Apple Pay, Google Wallet etc. worldtradex Global also provides direct share trading in addition to the previously mentioned assets.
Global
Founded in 2009, worldtradex has established itself as a global broker offering a comprehensive range of trading services in forex and CFDs. The platform is primarily designed to support traders ranging from beginners to intermediate levels. Launched in 2009, worldtradex is a global and regulated broker, offering perfect conditions to unfold your trading potential. Oopening an account is a matter of minutes, with several account options, varying across the different broker entities.
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For the same pair on the other two accounts, the average spread for this currency pair is 1.7 pips. They offer more than 30 language options for their users and they cater for any and all levels of trader. One of the recent awards they have received is being named as the best FX broker in Europe in 2018 by the World Finance Magazine. Master the markets with insights from our team of more than 70 expert educators and free educational resources. Reduce your costs with low spreads and even lower swap fees and commissions.
- Enhance your trading experience with the world’s most popular platform and worldtradex’s industry leading execution.
- 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.
- Explore some of our must-have products that keep everyone trading with us time and again.
- The key point is that you must follow the withdrawal hierarchy for the deposit methods you have used before selecting any other withdrawal option.
We believe that worldtradex scores poorly on the length of the dormant period allowed, but scores well on cost. As we can see the trading costs of trading via the Zero spread account are lower. These savings can be much great when you trade other instruments with wider spreads on the Standard account. Traders who are new to the game and are cautiously just finding their feet, may prefer the option of the Micro Account.
We like the fact that worldtradex does not charge any fees or commissions on withdrawals across payment methods. The only exception to this is with Wire transfers of less than $200, which incurs a $15 charge. However, even then, many other brokers would charge a fee of up to $25 for all wire withdrawals. The Standard and Micro accounts have a minimum deposit of just $5 (or https://lunarcapital.world/ equivalent denomination) to start trading. The Shares account (only available to worldtradex Global) needs a minimum deposit of $10,000. Additionally, worldtradex takes measures to protect client funds by storing them in segregated bank accounts across various locations.
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Looking also at the number of base currencies available, there are 11 to choose from. This is an impressive selection of stock CFDs and is beyond the offering of most brokers. worldtradex clients from European Economic Area (EEA) countries are provided with investor protection of up to €20,000 through CySEC. Micro and Standard accounts have slightly wider spreads compared to Ultra Low accounts, but both are eligible for the worldtradex Loyalty Program.
Market Analysis
Some of the more forex focused brokers such as Forex.com and OANDA have closer to 80 forex pairs available. worldtradex supports the widely popular MetaTrader platforms, with options for both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) across desktop, web, and mobile devices. In addition to these advanced solutions, the broker offers its worldtradex App, available on the App Store and Google Play. The spreads are not the best you can find, but trading costs can be reduced with the zero spread account. If you hold a position overnight, you will incur financing charges, often referred to as swaps or rollover fees. These charges can result in either a gain or a loss and vary depending on the instruments being traded and the day.
They provide support 24 hours a day from Monday to Friday and 18 hours over the weekend via email, phone, and chat. In certain regions worldtradex Global offers copy trading, allowing traders to follow and copy the strategies of other traders directly. Additionally, there are live trading education sessions, video tutorials, and platform guides for both beginner and advanced traders. Our overall experience trading on worldtradex has been positive, with consistently fast execution on trades. worldtradex is a broker that has been around since 2009 and now employs more than 300 people. They have a diverse offering of instruments, which caters for the needs of their users in an adequate manner.