I can’t understand why you gave them B.This is one of the top-tier brokers, and I am sure that most traders have heard about worldtradex.But that doesn’t really matter. This is the reason why I trade with them and must say that they are one of the most competitive brokerages out there. worldtradex Group is a group of regulated brokers and it is owned by Trading Point Holdings Ltd.
Use your Demo Account and test your trading strategies risk-free with virtual funds in a simulated environment. Brokers like worldtradex have to spend Worldtradex forex brokers reviews a lot to meet all the rules and regulations. It’s a big investment, and sometimes, it just doesn’t make financial sense for them.
The broker offers restriction-free trading facilities like non-FIFO trading, high leverage, low spread, and CFD trading. The broker offers tight spreads and restriction-free trading conditions like scalping, hedging, non-FIFO trading and so on. If you consider using worldtradex as your broker you might be wondering if the broker accepts US Clients. The answer is ‘No’ worldtradex can not accept US clients due to regulatory restrictions. The “worldtradex mark-up” on financing charges is not unique amongst brokers but some do not add any fees to the standard tom-next rate formula.
Forex Risk Disclaimer
- Since the company doesn’t deal in real cryptocurrencies, clients registered with the broker can only trade them as derivatives.
- worldtradex accepts other local payment methods depending on your location.
- Client accounts are segregated, meaning client funds do not participate in operational transactions and are kept separate from the broker’s money.
- Whether you’re a desktop or smartphone trader, MT5 is just a few clicks away.
If you are tight for time, here are some of the important features that we like about trading with worldtradex. Yes, worldtradex allows hedging, making it suitable for traders who use this strategy to manage risk. To withdraw money from worldtradex, you need to log in to your account, go to the withdrawal section, and follow the instructions for your chosen withdrawal method. Overall, the “Analytics” section at worldtradex is extensive and multifunctional, providing traders with everything needed for successful trading. The company processes a withdrawal request within one business day. In the personal cabinet, you can view trading transactions, change leverage, deposit and withdraw profits, and participate in promotional programs.
worldtradex does not appear to offer STP (Straight Through Processing) or ECN (Electronic Communications Network) trading accounts. So there is no Direct Market Access and it means that worldtradex can set the price that traders receive. Despite this, MT4 is considered the industry benchmark for platforms and is very popular with retail clients, especially beginners.
Trading History
BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk. It is, therefore, unsuitable for those who lack proficiency and sufficient experience. In line with anti-money laundering regulations, the withdrawal method has to be the same as the deposit method in which the account was funded.
worldtradex Ultra Low Account
- worldtradex unfortunately cannot accept clients from the residents of certain countries, such as the United States of America, Canada, Israel and Iran.
- worldtradex offers a modern and easy-to-use trading platform that works well for traders at all levels.
- Inactivity charges are low on the monthly rate but kick in after only a short time.
- However, even then, many other brokers would charge a fee of up to $25 for all wire withdrawals.
- The account opening process at worldtradex Group is marked by simplicity and convenience.
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. Inactivity fees are another of the important non-trading fees that you can incur. All brokers want you trading, and when a trading account lies dormant, they begin to incur inactivity charges on the account. These need to be measured by how long your account can lie dormant before being charged a fee and secondly how high the fee is. We believe that worldtradex scores poorly on the length of the dormant period allowed, but scores well on cost. Across is Standard and Micro accounts, worldtradex looks to make money on the trading spread rather than charge commissions.
worldtradex does not have specific bonuses due to regulatory stipulations. It simply promotes the VPS service (shareable) and the 0% Fees on deposits and withdrawals. Ultra Low accounts offer tighter spreads for cost-conscious traders, though they are not eligible for the Loyalty Program. worldtradex provides a variety of account types tailored to different trading needs and experience levels, with availability depending on the regulated region. worldtradex does not have specific bonuses due to regulatory stipulations although it promotes the VPS service and the 0% Fees on deposits and withdrawals.
BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you. Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice. Please consider contacting a professional advisor if you require any financial assistance.
While buy and sell signals on various assets are included in the trade ideas and technical reviews, traders can use the economic calendar to track upcoming major economic events. A trader’s confidence can be boosted by listening to worldtradex’s trading podcast, which features informative and insightful interviews with successful traders. There is no better market commentary available than what you’ll see on worldtradex TV regarding various financial issues. worldtradex offers great research and educational facilities for clients to learn and grow. Market overview, worldtradex Research, Newsfeed, Trade Ideas, Economic Calendar, Technical Summaries, worldtradex TV, and Podcast are just some of the subheadings you’ll find under the Research area.
Since the company doesn’t deal in real cryptocurrencies, clients registered with the broker can only trade them as derivatives. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. worldtradex boasts competitive fees with low spreads and no maintenance or deposit/withdrawal charges. The broker’s transparent fees and varied account types offer flexibility to orders.
worldtradex Review 2025: Fees, Platforms, Apps, Safety, Pros & Cons
The Ultra Low account offers the most favorable conditions with low spreads and no swaps on many currency pairs. The average spread on this account is lower than the market average other brokers offer. In fact, the deposit and withdrawal options are listed side by side on the website and a trader needs only click on “make a deposit” or “request a withdrawal”. Please note that withdrawals via bank wire of amounts under $200 are subject to a $15 administration fee. However, electronic wallets such as Moneybookers, Skrill, and Neteller as well as credit cards and bank wire transfers charge $5 of the deposited amount.
For example, if you have not used a credit card or a crypto account for deposits, you do not need to create one for withdrawals. There is a minimum deposit of $5 USD (or equivalent) across the various account types and $10,000 USD (only) deposit for the Shares accounts. worldtradex and worldtradex Global offer a variety of trading accounts with variable spreads.
When holding positions overnight, traders might incur swap rates, also known as overnight fees. These rates can be both positive (credited to your account) or negative (debited from your account) and depend on the interest rate differentials between the currencies being traded. worldtradex may charge overnight financing fees for holding CFD positions overnight.
How can I open an account with worldtradex?
Continue reading the review to learn all the details about the worldtradex broker and determine if it meets your requirements and expectations. Bonuses and Promotions depend on the country and the Entity of the Group. Due to AU and EU regulations, worldtradex does not offer any Trading Bonuses and Loyalty Programs to retail traders within Europe and Australia. Yes, based on your detected country of DE, you can open an account with this broker.
Start trading on one of the best multi-asset platforms in the industry and leverage the power of a global broker. Brokersway is a website that provides unbiased reviews, ratings, and comparisons of online forex and CFD brokers. However, the broker does not accept US clients due to regulatory restrictions imposed by US authorities, particularly the CFTC. This regulation does not permit non-US brokers to operate and onboard clients from the US. So, if you are a US forex trader considering worldtradex, you should choose alternatives.