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. 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. The broker prides on 10.3+ billion trades executed with zero requotes or rejections.
Overall, worldtradex is a reputable and reliable forex broker that offers a wide range of trading instruments, strong regulations and money safety measures, and competitive trading conditions. However, like any broker, it has its strengths and weaknesses, and traders should carefully consider their own needs and preferences before choosing a broker. Whether you’re a beginner or an experienced trader, it’s always a good idea to do your research, compare different brokers, and choose the one that best fits your trading goals and style. worldtradex offers different account types, including a Micro account with a minimum deposit of just $5, a Standard account with a minimum deposit of $5, and a Zero account with a minimum deposit of https://lunarcapital.live/ $100. The Zero account features tighter spreads but charges a commission per lot traded.
- Step 3) Select a withdrawal method and the trading account you wish to withdraw from, enter the amount you want to withdraw and follow the on-screen instructions to complete your funds’ withdrawal on worldtradex.
- The company is overseen by multiple regulatory authorities, including CySEC (Cyprus), ASIC (Australia), FSCA (South Africa) and DFSA (Dubai).
- As a trader, you should feel confident that your financial investments are in good hands with worldtradex.
- For example, worldtradex charges fees for deposits and withdrawals via Bank Wire below $200.
- worldtradex also offers a comprehensive suite of educational resources, including tutorials, webinars, and seminars, to guide beginners through the fundamentals of trading, market analysis, and risk management.
- Yes, worldtradex offers a mobile app available on both Android and iOS, allowing you to trade and monitor markets from anywhere.
Is worldtradex trading good?
The task becomes even more daunting when considering the vast number of online brokers like worldtradex available, each with unique features, fees, and regulations. When we worked on this worldtradex review, we focused on many different factors. One of the biggest concerns that many traders have when deciding on which broker to use is the available trading platforms. worldtradex provides both web-based and downloadable trading platforms to their clients. Once you download the platform, you can simply log in using your account credentials.
Which Instruments Can You Trade On worldtradex?
The contract size for this account is 1 share per 1 lot, with a minimum trade size of 1 lot, and a maximum number of open positions is 50. Of course, that information is relative and depends on your location, data center, etc. The important thing here is to see if there any significant delay over 500ms and if there is any pattern during the hours in the day. We have performed 6000 trades and the average execution time was 203.
Research and Educational Materials
Resources are available in multiple languages and cater to traders of all experience levels. worldtradex empowers partners with high-converting products, deposit bonuses, and a copy trading platform for easier client onboarding. With global awards and elite trading conditions, affiliates benefit from the broker’s strong reputation and trader retention rate.
Reputation and Client Satisfaction
This regulatory backbone reinforces worldtradex’s credibility and makes it a safe, dependable choice for traders seeking global protection and oversight. After carefully examining the reviews, we found that most of them are genuine, provided by real users sharing their real-life trading experiences. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
Deposit Methods
worldtradex offers a variety of trading instruments, including Forex, Commodities, Stock, Indices, Crypto, Turbo Stocks, Equity indices, Precious Metals, Energies. It supports popular trading platforms and tools such as MT4 and MT5. At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying. Modern brokers like worldtradex provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, worldtradex may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall worldtradex trading profitability.
This means that the broker is required to adhere to strict rules and standards to ensure the safety and security of clients’ funds. The broker offers everything from simple Forex guides to different types of educational courses and videos that provide beginners with very detailed information about the market. The Micro account of worldtradex can be a great choice for beginners to learn to trade in actual market conditions without having to risk too much. Compared to the standard lot size it is quite low, as the standard lot equals 100,000 units of an asset.
Overall, the “Analytics” section at worldtradex is extensive and multifunctional, providing traders with everything needed for successful trading. Withdrawals are only possible after the verification process has been completed. To do this, one must provide the broker with documents verifying the identity of the account owner.
Limited Offer – worldtradex VPS Service
However, others report issues logging into the system, lack of support, and generic responses to inquiries. Some traders also point to problems with bonuses and account closures without explanations. worldtradex offers competitive forex trading conditions with fast execution speeds and low fees. An effective trading system and sensible risk management strategy will be required.
Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Trust Scores range from 1 to 99 (the higher a broker’s rating, the better). We also review each broker’s regulatory status; this research helps us determine whether you should trust the broker to keep your money safe. As part of this effort, we track 100+ international regulatory agencies to power our proprietary Trust Score rating system.
- Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature.
- worldtradex, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements.
- While industry-standard fees include overnight funding and currency conversion, the inactivity fee may concern less active traders.
- Beyond trading fees, I encountered no hidden charges while using worldtradex.
- On the one hand, fact that this company has been around for about 15 years is impressive.
- Not directly, but you can integrate third-party copy trading tools with MT4/MT5.
worldtradex has done its absolute best to ensure that every single customer finds something they might be looking for in this broker. Here, you can find the most popular trading platforms such as MetaTrader 4 and MetaTrader 5, or go with the custom-made trading platform of worldtradex. It is a very common practice for Forex brokers to charge an inactivity fee.