When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money so that the latter can open bigger positions. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. worldtradex’s Ultra Low Micro Account is geared toward cent trading and testing the performance of newly created trading algorithms. The Ultra Low Standard account accommodates casual trading, while the worldtradex Zero Accounts offer the best conditions against the same minimum deposit. MT5 is arguably best suited for automated trading via its Expert Advisors (EAs) feature.
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Yes, worldtradex charges a monthly inactivity fee of $5 for accounts that have been inactive for 90 days, which is a shorter period compared to the 6-12 months typically observed with many other brokers. worldtradex traders can get in touch with the broker’s customer service team via phone, live chat, and email 24/5. Founded in 2009, worldtradex has built a substantial global presence, serving over 15 million clients across 190+ countries.
Account Types and Benefits
worldtradex Broker has firmly established itself as one of the most recognized online trading platforms globally. Its regulatory status with well-regarded authorities, robust safety measures, and segregated client funds underscore worldtradex’s commitment to providing a secure trading environment. With a broad suite of account types—from Micro to Shares, including Islamic (swap-free) offerings—worldtradex accommodates an array of trading preferences. worldtradex Broker is one of the top choices in global brokers, however their asset coverage is rather limited.
worldtradex primarily supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5)—two of the most widely used trading platforms globally. Beginners appreciate the straightforward interface, while advanced users value the sophisticated charting features, algorithmic trading, and Expert Advisors (EAs). Additionally, worldtradex offers a WebTrader for traders who prefer to work directly from a browser without downloading any software. MetaTrader 5 (MT5) expands on the capabilities of its predecessor, MT4, offering a comprehensive multi-asset trading platform.
worldtradex accepts traders who are residents of countries from the European Economic Area (EEA). My tests indicate that worldtradex’s swaps are low to average compared to the benchmark. I concluded that they are suitable for implementing longer-term trading strategies, such as swing trading. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.
This is especially useful for traders who use automated trading systems and advisors and wish to ensure the continuous operation of their strategies. The verification process is a standard step in opening a trading account and aims to ensure security and compliance with legislation in anti-money laundering. For this worldtradex Broker review, the fact that it’s regulated by top-tier authorities arose as a stand-out feature.
This helps the broker appeal to those all over the world and of any skill levels. worldtradex also has 16 full-feature trading platforms for clients to choose from. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.
While the number of instruments offered varies across asset classes, worldtradex’s diverse range of options provides traders with ample opportunities to capitalize on different market trends. worldtradex offers above-average trading fees on its Standard account and more competitive prices on its raw-spread (Zero Accounts) account. The broker does not charge a handling fee for deposits and withdrawals, and its inactivity fee is rather low.
Account Types and Terms
This suggests a potential inconsistency in service quality among different support agents. worldtradex’s educational content is extensive and varied, providing all the necessary tools for successful trading in the financial markets. worldtradex offers a unique loyalty program that allows traders to earn bonus points (worldtradexP), which can be exchanged for credit bonuses. The loyalty program is automatically available to all real account holders, and there is no need for additional registration.
How can I open an account with worldtradex?
- You can also follow and copy other successful traders with the Signal service.
- worldtradex provides access to more than 1,300 tradable instruments, offering day traders multiple trading opportunities across different markets.
- Courses, life education sections, insights, analysis – lotta interesting stuff that, I bet, play into the hands of mine and help me to understand trading better.
- It includes more than 50 cryptocurrency CFDs available only in regions regulated by the Financial Services Commission (FSC) of Belize.
Broken down by asset class and compared to the industry average, worldtradex offers low spreads on share CFDs, average spreads on commodities and indices, and average-to-high spreads on currency pairs. The broker has issued a ‘best execution policy,’ a legal mandate that requires brokers to deliver the most optimal price quotes under the prevailing market conditions. It also has a strict Client Categorization policy, which determines the best services for a trader based on their experience level. The broker provides robust research content and extensive educational Worldtradex courses scam materials. It also impresses with its diverse account types and thematic indices offering.
worldtradex broker review.
- worldtradex can also help clients create custom-tailored accounts for trading forex.
- And there are worldtradex Group mobile platforms for smartphones and tablets, using Apple or Android operating systems.
- It really works with the ultra low account, OK spreads and good reaction from the customer service team.
- The research section includes highlights and links to the subsections.
- It is authorized by major regulatory bodies including ASIC, MiFID, and the FCA in the UK.
Want to start trading forex from your smartphone but not sure which app to pick? With so many forex trading apps out there, it can be tricky to find one that’s fast, secure, and easy for beginners. Ultimately, worldtradex is a strong contender for anyone looking to trade Forex, CFDs on commodities, precious metals, energies, indices, or shares.
It may be a full-fledged academy, help center, videos or whatnot, but chase those brokers which offer such a feature. My chase led me to the worldtradex, where I found a treasure trove of academical stuff for traders of all levels. Courses, life education sections, insights, analysis – lotta interesting stuff that, I bet, play into the hands of mine and help me to understand trading better. But no learning goes without practice, so it’s also crucial to practice a lot. They have a nice demo which I use, sum of virtual money that I was given is enough to create a strategy, trade for a while and so on. The wide portfolio of instruments such as forex, commodities and stocks have been instrumental in enabling me to diversify my portfolio to the optimum level.
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At worldtradex Broker’s core is an extremely user-friendly interface that’s intuitive and easy to learn. It offers MetaTrader 4 and Meta Trader 5 as its platforms, which are well-respected for usability and advanced charting features. This broker as really nice educational materials which has helped me tremendously and also great analytical tools which range from technical and fundamental. Of all the features there, the live education is my fav, Iget to interact and ask questions.
I always do that to test the broker as I noticed that all the questionable brokers have one thing in common – a really bad support team. I have some issues with the pricing especially at Standard account but when it comes to client-orientedness worldtradex is arguably the best in the business. For EUR/USD, the real (not marketing) spread for me its almost always 1 pip, on the dot, for my account type. For BTCUSD, its usually below $70, which is actually less than 0.13%, very good for crypto. For CHFSGD, which I’m a big fan off, my spread with worldtradex is typically pips, its actually very small for this pair. Even on H1 you can see that daily moves are way beyond this spread.