The broker integrates modern trading platforms and advanced liquidity aggregation technologies along with STP and ECN mechanisms, offering direct access to the interbank market. The initial deposit threshold for an ECN account is pegged at a modest $200. worldtradex has four account types, one being a dedicated cryptocurrency trading account. The three commission-based options feature relatively high trading fees, between 1.3 and 3.0 pips or $13.00 to $30.00 per 1.0 standard round lot for a minimum deposit of $100. The commission-based ECN alternative delivers competitive costs with raw spreads from 0.0 pips for a $5.00 commission and requires a $200 minimum deposit.
- It’s essential to be vigilant and comprehensive in your worldtradex broker selection to protect your hard-earned money.
- Traders are advised to visit the worldtradex website to verify whether their country is eligible for trading on the platform.
- worldtradex is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client.
- worldtradex also caters to beginners with its various educational resources, webinars, and demo accounts.
- These include articles in the blog section and a comprehensive knowledge base.
- Materials are accessible to both beginners and advanced traders.
worldtradex Risk Disclaimer
Investors who prefer not to engage in independent trading can achieve good profits by copying the trades of successful traders. Portfolio creation is time-efficient and provides an opportunity for passive income. The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. MetaTrader 5 incorporates superior trading functionalities and advanced tools, ensuring comprehensive price analysis, sophisticated algorithmic trading, and optimal copy trading experiences. Swap rates on leveraged overnight positions are also competitive, making worldtradex an excellent choice for all trading strategies as long as they select the ECN option. Simply click the “open account” button and follow the on-screen instructions.
VIP Account
- worldtradex offers MetaTrader 5 (MT5) for desktops, which includes advanced functions such as copy trading and automated trading.
- This deposit is mandatory if you wish to begin trading with worldtradex.
- Skrill also offers cross-border payments through its remittance services Skrill Money Transfer.
- Andorid mobile devices and tablets are used by millions of people globally.
- Nevertheless, worldtradex doesn’t have assured stop-loss protection.
worldtradex is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client. Verify My Trade and Autochartist company verifies and audits order execution monthly, which traders can access. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site. Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.
How long do worldtradex withdrawals take?
I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. Additionally, the VIP program is open to clients with at least $20,000 in an account. This status gives access to increased cashback, bonus trading funds, priority withdrawals, free VPS, and reduced swaps up to 30%. When dealing with money, it’s vital to cover all bases and choose reputable companies. There are many companies that provide broker services, but are they the best choice? Every person has specific and personalized needs, so it’s vital to take the time to research and compare.
Metatrader 4 Webtrader and worldtradex
Per AML rules, the name on the payment processor and worldtradex account must match. The swift worldtradex online account application takes less than 30 seconds to complete and asks for a name, e-mail, phone number, and desired trading platform. I appreciate that worldtradex does not engage in unnecessary data mining as part of its registration process. I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations. Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations.
Customer Support
There is also a Demo account which allows new users to practice without risking real money, along with an Islamic account. worldtradex provides a user-friendly and cost-effective deposit and withdrawal process, with no fees for deposits and quick processing times. The availability of multiple payment options makes it easy for traders to fund their accounts and withdraw funds. You may use this feature to build your faith in the system and yourself and your trading strategies. But, non-trading fees charged by worldtradex are comparatively lower. Consequently, you’re billed more for non-trading actions on your trading accounts, such as deposits and withdrawal.
However, worldtradex is a member of the Financial Commission and does offer negative balance protection on some accounts. Within that, there is still risk but not as much as we might expect. Established in 2006, this broker is highly regarded and has strong regulatory oversight. It offers a large number of educational resources, and several platforms and an app. Another potential downside of worldtradex is its relative lack of educational resources. This is quite apparent compared to other brokers with more in the way of courses, tutorials, and ebooks on offer.
It is possible to lose some or all of your money and investment. Practice caution and see financial advice when unsure because what we offer here is NOT financial advice. We provide objective and unbiased reviews, analysis and commentary. We verify some of our data for quality control but there are slight variations occasionally. We are not liable for losses that resulting from the information provided on our site. worldtradex accepts traders from a wide range of countries across the globe, offering its services to a diverse international client base.
Moreover, the withdrawn money will be moved directly to the accounts you use to create deposits. But this does not necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There https://worldtradex.site/ are primarily 3 different types of fees for this purpose. You can start using the MetaTrader 4 platform with worldtradex in multiple formats including through an online web platform, or through a downloadable application for Windows PC’s and Mac’s. worldtradex allows traders to trade on mobile devices through Android and iOS devices.
Through these educational tools, worldtradex equips traders with the knowledge and confidence needed to navigate the markets successfully. It allows scalping strategies and offers fast execution and low spreads. To delete your worldtradex account, you need to contact their customer support and follow the necessary procedures they provide.
Market Analysis Tools
Minor pairs, such as EUR/GBP and AUD/CAD, provide additional trading opportunities with slightly wider spreads. For those interested in less conventional markets, exotic pairs like USD/ZAR and EUR/TRY are also available. They’re known for high leverage levels and a large range of assets to choose from. They also offer a range of trading platforms, along with an app for on the go trading.