I like that I can select from a lot of accounts at absolutely any point, giving me the full range functionality of the platform. If I decide to use a different strategy that would be best with a different set of trading conditions, trade execution, spread and leverage, I can simply create an account that fits my demands. worldtradex is a strong all-round broker with a reliable platform, low fees, high leverage, and a selection of welcome bonuses.
Additionally, the broker provides a Personal Multi-Account Manager (PMAM) platform designed for professional traders and money managers. I found worldtradex’s selection of tradable instruments diverse enough to accommodate most trading strategies. The broker offers gold and silver CFDs denominated in EUR and USD so that traders whose accounts are also denominated in the same currencies do not have to pay a conversion fee. worldtradex could improve its offering by including vanilla options or Asian stocks. worldtradex offers about 310 tradable instruments across currency pairs, commodities, share CFDs, indices, and futures contracts. The assortment is wide enough to accommodate the basic needs of most types of traders.
The broker’s advanced trading platforms, competitive spreads, and risk management tools ensure that traders can trade efficiently and confidently across multiple asset classes. worldtradex also offers futures trading, allowing traders to speculate on the future price of assets such as commodities, indices, and currencies. Futures trading is suitable for traders who are interested in diversifying their portfolios and taking advantage of market trends. worldtradex provides a range of futures contracts with competitive trading conditions and access to advanced trading platforms to support futures trading strategies. Founded in 2010, worldtradex has grown into a leading Forex and CFD broker, serving over 1.5 million clients from 180 countries. Renowned for offering the trusted MetaTrader 4 (MT4) platform, worldtradex is regulated by top authorities, including the FCA and FSCA.
Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Compare the markets and instruments offered by worldtradex and its competitors. Please note, some markets may only be available via CFDs or other derivatives. There are no deposit fees (coverage for wire transfer charges for deposits over 10k USD).
Traders in Australia and New Zealand can also access worldtradex’s trading services. The broker provides tailored solutions for the Oceania market, including competitive trading conditions and access to the MetaTrader platforms. worldtradex adheres to strict regulatory standards to ensure a safe and transparent trading experience for clients in this region. In the Middle East and Africa, worldtradex offers its services to traders in countries such as the United Arab Emirates, Saudi Arabia, Kuwait, Nigeria, South Africa, and Kenya. The broker provides specialized account options and customer support tailored to the preferences of traders in these regions.
The broker’s account diversity is impressive, with a tiered structure that includes floating vs. fixed and commission vs. no commission fee schedules. They round out their services with a variety of professional accounts, introducing broker (IB) branding and a portfolio management program. They recently added cryptocurrency coverage to a broad selection of forex, spot, and CFD trading products. Earlier in 2018, worldtradex announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced. worldtradex offers a loyalty program for active traders, where clients can earn points based on their trading volume.
worldtradex Non-Trading Fees
- Traders can use the free MT4 download to install the platform on desktop devices, including Mac.
- Its educational content is thoughtfully designed to cater to traders of all experience levels.
- It offers beginner education videos and general education on forex and CFDs.
- However, they do change over time and vary between countries, so check the current offers available when you sign up.
They offer the reliable MT4 trading platform, a range of products, plus competitive spreads and leverage levels. The choice of account types will also suit varying trading styles and capital needs. It introduces traders to the broker’s services and allows them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself prior to or alongside your live CFD account.
- Spreads also get more competitive as you move up the account tier structure, with the VIP account offering the best value for money.
- Trading commodities can provide traders with opportunities to hedge against inflation or take advantage of global economic trends.
- Only verified trading accounts can make deposits or withdrawals, and the payment processor’s name must match the account holder’s name at worldtradex.
- This bonus is designed to give new clients a strong start in their trading journey by increasing their available capital.
Traders can also get started with a $100 minimum deposit while Worldtradex official site the worldtradex.com group has good reviews from other users online. Traders can choose between floating/fixed spread Standard, Premium, and VIP accounts. Alternatively, the Live Zero Fixed Spread account comes with zero spreads, but traders will have to pay a commission. Today, the company employs more than 450 people and has created a solid reputation as a trusted and reliable broker. Its 200+ instruments and multiple platforms are accessible in 180+ countries with 50,000+ retail traders worldwide. It is fully equipped with front-end terminals and back-office reporting functions.
Does worldtradex provide demo accounts?
These points can be redeemed for various rewards, such as cashback, trading bonuses, or exclusive gifts. The loyalty program is designed to reward consistent and high-volume traders, providing an additional incentive to remain active in the markets. With worldtradex trading platforms, you can trade anytime and from anywhere. It is a platform that is easy to use and at the same time highly advanced. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.
Deposits and Withdrawals
worldtradex’s competitive trading conditions and commitment to security make it a preferred choice for many traders across the Middle East and Africa. worldtradex provides a rich collection of educational articles that delve into various aspects of trading. These articles cover topics such as market analysis, trading strategies, risk management, and economic indicators. They are well-researched and written in an easy-to-understand format, making complex trading concepts accessible to traders of all skill levels.
How long does it take to withdraw money from worldtradex?
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. One of worldtradex’s standout features is its comprehensive and insightful research and educational content. Among the drawbacks I found were the lack of an alternative to the MetaTrader 4 platform and elevated spreads on certain popular instruments, such as EUR/USD and GBP/JPY. Phone support is only available to active clients with their account managers. After conducting a series of tests, I concluded that worldtradex’s multilingual customer support is fast and reliable.
Special Features
Whether you are at the office or traveling, you can check your trading account all the time using this platform. Compare worldtradex with the top 3 similar brokers that accept traders from your location. Note that while users may be able to trade 24 hours a day, spreads are less competitive during periods of low liquidity.
Popular Forex Reviews
The broker also plans to introduce MetaTrader 5 (MT5) in the near future. New traders at worldtradex can take advantage of a generous welcome bonus, which provides additional funds based on the initial deposit. This bonus is designed to give new clients a strong start in their trading journey by increasing their available capital. Specific details of the welcome bonus, including the percentage and maximum bonus amount, may vary, so traders should check the worldtradex website for the latest offers and terms. If you have at least $250 on your trading account, you can access the bronze package, which I use, and join analysis discussions that are always going on. Plus, this is an excellent tool for exploring other markets than the one you are focused on.