And also leverage levels are high on almost all of the asset classes. I’ve never experienced a broker like this one , I get my withdrawals same day with BTC. Trading conditions and execution time is out of this world.What mostly makes me happy the most is the 0 spread and zero commission. My only disadvantage is that you are limited to 50 lots per trade so you have to open multiple orders. For me it’s really an optimal solution, because I am a scalper and even a trader with several days experience will tell you how it’s important for scalpers to have seamless execution! It’s ensured by those technologies used by the Worldtradex broker, it’s a STP/ECN mechanism which guarantees fast execution without slippages even when the market is overloaded with orders from traders around the globe.
It’s a good broker for intraday trading because trading conditions allow to earn on every move. I can picture my collaboration with the broker is mostly positive for me. There were some hitches in my trading here but I attribute it to my lack of experience and the fact that for the last time I was impressed by economic news. For example, the EUR/USD currency pair is the most liquid currency pair in the forex market, so it generally has the tightest dealing spread.
Forex trading is a high-risk financial product that has a large number of risks in the market due to the significant amount of volatility, high leverage, and a trader’s emotional factors. Therefore, professional traders usually avoid trading with any dealing desk brokers and prefer to trade with ECN/STP brokers that offer Direct Market Access (DMA) conditions for the best trading environment. Worldtradex is primarily a European Forex broker that launched its FX and CFD products in 2010.
MT4 upgrades are available through third-parties for an additional fee to (potentially) enhance the trading experience. One significant advantage is that Worldtradex offers a more in-depth introduction to MT4, which many brokers fail to do, and which can truly set traders up for longer-term success. Worldtradex is an excellent low-cost choice for beginners due to its decent range of educational resources and free demo account – a great way to build up experience before trading with real capital. The $0 minimum deposit also makes the forex broker accessible for new traders. New currency traders will enjoy the $0 minimum deposit, education and trading resources, plus the zero commission policy.
Clients can also download a range of ebook PDFs for free that go into further detail on strategizing and online trading. Worldtradex uses a no-dealing desk model and does not act as a market maker, reducing the risk of price slippage or a conflict of interest by the broker. We are also disappointed with Worldtradex’s monthly inactivity fee of $5, imposed when your account is not funded or you execute no trades over a period of 120 days.
This dedicated server can handle multiple https://worldtradex.live/ platforms and accounts, run automated programs, and ensure smooth trading operations. The Worldtradex Trader Mobile Platform offers traders full access to all trading instruments and tools without the need for any downloads. Accessible through any browser, it provides a seamless trading experience regardless of the operating system you’re using.
I like how tight spreads they provide on the forex market and the spreads are even more tighter than from other major and famous brokers. The technical support is good and it is noticeable that there are competent guys working. In this Worldtradex review, we examine the broker across key categories, including its accounts and fees, trading platforms, and customer support, to find out how it competes with alternatives. These findings are based on our first-hand experience trading at Worldtradex and take into account the overall experience for day traders. Worldtradex places paramount importance on trust and safety, strictly adhering to global compliance standards to protect its traders.
Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the ECN XL account. However, no forex broker or strategy can guarantee positive returns so you should never invest more than what you would be comfortable losing. The broker uses a price aggregator to ensure that counterparty orders use the best bid and ask prices currently available. The multiple industry awards are also a reassuring sign for us.
Range of Tradable Instruments
Wire transfers incur a $30-$45 flat fee (minimum limit of $500), many times more than the $5 withdrawal fee at eToro. On the surface, this is an ideal offering that provides the best of both worlds, though in practice we found some instruments pricier than others, so you shouldn’t expect superior pricing across the board. Companies on Trustpilot can’t offer incentives or pay to hide any reviews. Finally I have found an honest and transparent broker, I don’t think this broker is trying to take the other side of anyone’s trades and profit from them. I still do not believe that the speed and accuracy of order execution can be so high.This broker surprised me a lot.
Can You Make Money Trading Forex With Worldtradex?
These platforms are equipped with powerful tools such as advanced charting, real-time market data, automated trading capabilities, and user-friendly interfaces. Whether you prefer to trade on a desktop or on the go, Worldtradex delivers a seamless trading experience. In the sections below, we will discuss each version of Worldtradex’s trading platforms in detail, highlighting their features and benefits for every type of trader. Worldtradex is one of those brokers that is committed to providing the best trading conditions possible. The spreads offered by Worldtradex are incredibly tight, which means that I am able to enter and exit trades with minimal slippage.
Fees and Costs
Worldtradex transparently provides all necessary information on its website. There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply. The Vanuatu Financial Services Commission (VFSC) provides Worldtradex with a competitive regulatory environment for international clients. EEA-based traders manage their portfolios from a subsidiary that is authorized by the Cyprus Securities and Exchange Commission (CySEC). The Cyprus Investor Compensation Fund (ICF) protects retail trades in the event of insolvency up to €20,000.
- These incentives are crafted to reward both new and existing traders, encouraging continuous engagement with the platform and maximizing trading potential.
- With this minimum deposit requirement and pricing on the instruments, newbies will get the best experience of the trading.
- On the downside, Worldtradex supports accounts in just a few currencies (USD, EUR, GBP), with USD only for wire transfers.
- After completing the registration process, I decided to take advantage of their 100% deposit bonus and it was easy and peasy to meet all the terms and conditions.
- This is especially true if you plan on trading physical cryptocurrencies or any of the commodities traded through CFDs.
„A broker you can trust“
They dont have their own cooked up half-working trade platform, instead its tried and tested MT4 which is the best trading platform for retail by far. Worldtradex is a low-cost brokerage with no commissions and spreads that are generally competitive, especially on currency pairs. The 70+ currency pairs provide a wider range than many competitors. However, some FX specialists like Forex.com offer thousands of additional instruments, so it’s disappointing to find just 27 non-forex assets on the Worldtradex platform.
But its charged a little fee while withdrawals on some methods. All the services on the TopForx.com website are free for you to use. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters. Worldtradex is registered in Vanuatu with registration number and regulated by the VFSC and CySEC.
- I’m looking to take inverse trades on a lower timeframe with the eurusd pair during the london session and london/ny overlap.
- Information on the TopForx.com website is for informational purposes only and does not constitute any motive or suggestion for visitors to invest money.
- All Forex trading companies domiciled in the EU are subject to the regulatory supervision and scrutiny from all allied regulatory organizations, which ensures a uniform code of conduct across the EU.
- The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), adding an extra layer of credibility and assurance for traders.
- Our platform provides comprehensive insights into the performance, features, and reliability of different forex brokers.
- Worldtradex shows clients how to obtain the most up-to-date rates, a step many brokers omit.
Is Worldtradex A Regulated Forex Broker?
Worldtradex offers an extensive selection of tradable instruments, providing traders with the flexibility to diversify their portfolios across multiple markets. The platform grants access to a wide range of forex pairs, including major, minor, and exotic currencies, enabling traders to capitalize on global market movements. In addition to forex, Worldtradex offers a variety of commodities, including popular options like gold, silver, and oil, which are ideal for those seeking to hedge or invest in physical assets.
Educational Tools for All Traders
They are so committed to providing transparent services and making sure their traders have nothing to worry about. Also as a trader, I live for low spreads because I can’t have the market taking most of my hard work. Also don’t get me started on how user-friendly their interface is by making sure they provide advanced Worldtradex company reviews trading tools so the overall experience will be very satisfactory. When you trade with an Worldtradex ECN account, you can automatically access multiple currencies like EUR, USD, and GBP with tight spreads starting from 0.01 pips. To see the full fee structure, check all the conditions including commissions, funding fees, and inactivity fees. All costs are included in the spread, which starts from 0.1 pips.