The software is considered one of the best in the industry, especially for forex trading. It is geared towards beginners and intermediates, promising easy-to-use features and straightforward portfolio management. worldtradex’s blog content is curated by worldtradex’s in-house analysts and is updated frequently.
It typically offers spreads as low as 0.0 pips but does incur a commission fee, making it necessary to calculate your overall trading costs carefully. The ECN environment also delivers faster execution speeds and greater transparency in pricing. Trading via mobile apps enables you to keep your finger on the pulse of market fluctuations and execute trades at your convenience. You’ll appreciate features like real-time notifications and charting tools directly on your device, which can help you make quick and informed decisions regardless of your location. With your busy lifestyle, having the ability to trade on-the-go is crucial. worldtradex offers mobile trading options, allowing you to stay connected to the markets and manage your trades from your smartphone or tablet.
worldtradex Leverage
All platforms come without charge, however, broker provides educational material on how to get them running. With the Standard Account, you can enjoy the benefits of trading without having to pay any commissions. This account type features spreads starting from 1.3 pips, making it suitable for both beginners and experienced traders. A significant advantage of the web-based platform is its easy access to trading tools and real-time market data, which can enhance your decision-making process. The intuitive design ensures that you can navigate seamlessly and execute trades efficiently, while also providing the capability to manage multiple accounts with ease.
- These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved.
- worldtradex has its own set of trading tools, such as calculators for margins, pips, and currency conversions.
- Each account is tailored to different trading needs and experience levels.
For any withdrawal problems, contact customer support on one of the channels described further below. FxScouts Group’s primary mission to provide unbiased and objective reviews, commentary, and analysis. While some data may be verified by industry participants, FxScouts maintains full editorial independence and never allows third parties any control over our work. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by FxScouts Group, nor shall it bias influence our reviews, analysis, and opinions. Overall, although worldtradex offers a wide range of informative video content, the materials generally lack substance and are not well-structured.
When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. Brokers operate multiple entities globally, but regulatory protections vary. Some regulators enforce stricter financial standards than others, so traders should understand the safety measures of the entity they choose to open an account with. Withdrawals from worldtradex are always done with the same method used for the deposit. Credit and debit cards have a maximum transaction of $50,000 and have a withdrawal fee of up to 1.5 euros.
- Founded in 2010, worldtradex maintains regulatory oversight from CySEC, ASIC, the FCA, and the FSCA, an impressive list of highly regarded regulators.
- The radar chart to the left shows how important each category is when calculating a broker’s final score.
- While day traders and scalpers should not have to worry much about swaps, those who use longer-term trading strategies can incur this potential extra charge.
- However, it takes 48 hours on average for worldtradex to process withdrawals, which is longer than most other brokers.
- To ensure a smooth trading experience, robust customer support is crucial.
- It’s important to verify whether the regulatory body protects your interests and ensures that the broker complies with all necessary financial regulations.
Platforms
You can even get a free VPN server to make running automated Expert Advisors (EAs) safer during overnight sessions and other unattended times. Most notably, the broker offers its own version of the popular, straightforward and sophisticated MT4 platform. In addition to its desktop platform, MT4 has mobile and web-based versions.
How long does it take to withdraw money from worldtradex?
worldtradex only offers MT4 on a mobile trading platform, but it is available for both Android and iOS. worldtradex offers accounts denominated in GBP, which means that UK residents will not have to pay currency conversion fees. worldtradex offers a range of account funding and deposit methods, including local bank transfers, debit cards/credit cards, Bitcoin payments, and various eWallets. Deposits are free on all funding methods and are processed within 24 hours, which is around the industry average.
worldtradex Premium Account
Also offers zero-commission trading for UK residents with fairly competitive dealing spreads that can either be fixed or variable, depending on the account type you select. The key differences include minimum deposits, spreads, and access to premium features. worldtradex is a strong all-round broker with a reliable platform, low fees, high leverage, and a selection of welcome bonuses. Traders can also get started with a $100 minimum deposit while the worldtradex.com group has good reviews from other users online.
worldtradex’s platforms are available on both desktop and mobile, so traders can access their accounts from anywhere, whether they are at home or on the go. Broker Worldtradex cheating provides its customers with standard contact options on its website that can be used to make general enquiries and get support on technical issues. These include telephone, live chat and an email contact form with staff available on a 24/5 basis during the trading week.
What did our traders think after reviewing the key criteria?
The mobile applications for MT4 are fully featured and highly rated, so there should be no issue. worldtradex seems to offer different bonuses, depending on countries and timing. With this bonus, traders can get compensated for their losses, up to $500. After submitting your personal details and verification documents, your account is usually ready for trading within 24 to 48 hours. Our tight spreads and fast execution allow you to enjoy cost-effective trading and grasp numerous opportunities.
Premium Account holders benefit from worldtradex’s full range of MT4 and MT5 platforms, offering advanced tools and features. This account is ideal for traders looking for more competitive pricing and better execution speeds, while still maintaining flexibility in trade sizes. The Premium Account strikes a balance between cost efficiency and enhanced trading capabilities.
worldtradex recently strengthened its educational tools by introducing the Academy. Home to a breadth of content presented in courses, webinars, videos, podcasts and eBooks, it offers a complete trading experience for traders of all levels. Tune in to “Let’s Talk Forex,” a podcast designed for traders of all levels. From market analysis and trading strategies to interviews with industry experts, this podcast covers the breadth of the forex landscape.
The worldtradex Micro Account is designed for beginner traders and those with smaller capital, offering a low minimum deposit of $100. This account type provides access to competitive spreads starting from 1.8 pips and allows traders to explore the markets with flexible trading options. The Micro Account is ideal for new traders who want to familiarize themselves with Forex trading without committing significant capital.