As such, worldtradex does not have its own proprietary platform but does offer the full range of MetaTrader 4 platforms. worldtradex seems to offer different bonuses, depending on countries and timing. Instead, in some countries they offer a Limited Protected Traders Bonus. With this bonus, traders can get compensated for their losses, up to $500. worldtradex provides support in over 30 languages, allowing the platform to be accessible to those around the world.
What is the minimum deposit in worldtradex broker?
It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large. worldtradex is one of the few brokers that offer traders the flexibility to choose between fixed and floating spread accounts. worldtradex offers several types of live and demo accounts, which means that traders can test the various features and functions of the different accounts without investing real money.
However, its dated and rugged design is inferior to newer and sleeker platforms. As a trader who prioritizes flexible charts that are easily scalable, I find MT4’s charting capabilities too rigid and less effective. 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 may be a weak point for the broker but it should not bother traders, especially since MT4 is familiar to most of them. As a large international forex broker, worldtradex offers a variety of support resources. You can find instructions for using the MetaTrader 4 platform on worldtradex as well as numerous outside Worldtradex courses scam resources. For support specific to worldtradex, you can find support 24/5 with a live chat and the option to request a callback from any page on the website. The worldtradex FAQ section should be enough to answer most questions as it has categories for opening accounts, client funding, trading, and the trading platform. MetaTrader 4 is a straightforward platform that allows for efficient trading for all skill levels.
Commodity Futures
- Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers.
- Low trading fees and quality education for beginners from an industry leader.
- The broker’s account diversity is impressive, with a tiered structure that includes floating vs. fixed and commission vs. no commission fee schedules.
- It’s worth noting that Trustpilot has detected and removed some fake reviews for worldtradex, indicating they take review integrity seriously.
The list of Forex, spot, and CFD trading instruments is well-constructed but some rivals offer more comprehensive listings. Clients can now trade cryptocurrencies directly on the Metatrader platform. Pricing for Forex, spot, and CFD instruments is average-to-competitive, with significantly lower costs at higher account tiers. There’s no bond CFD coverage but spot, metals, and index products cover the most popular instruments worldwide.
Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. worldtradex processes payments in several different currencies and deposits in any other currency would be converted into the base currency of the client account. Accounts can be registered in USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB, and HUF.
I find the well-balanced asset selection suitable for most retail Forex and equity traders requiring fewer but highly liquid trading instruments, like day traders. I also like the worldtradex fractional share dealing, which is excellent for smaller portfolios. The STP/ECN Zero Spread is an ECN account and ECN stands for Electronic Communications Network. With this type of account, traders receive direct access to other participants in the market. The ECN broker manages to consolidate quotes from several participants, which is why spreads here start from 0.0 pips and are typically very tight.
Account funding at worldtradex
There are no internal deposit or withdrawal fees, except for traders who request a withdrawal without placing a trade, which carries a 3% fee. worldtradex notes the availability of 80+ currency pairs, making it an ideal Forex broker. Traders also get 15+ commodity CFDs, 20+ index CFDs, 30+ futures, and 150+ equity CFDs.
Special Features
worldtradex has its own set of trading tools, such as calculators for margins, pips, and currency conversions. There is also free VPS hosting and a visual representation of when the major markets are open. The worldtradex Research mobile app provides financial articles, real-time currency quotes, daily technical and fundamental commentaries, live economic calendar alerts, and daily market news. There are enough resources for beginners and experienced traders alike. The broker charges an inactivity fee and requires a minimum deposit, but it also offers discounts for active traders. The average spread cost for the EUR/USD pair is 1.2, slightly above the industry average of 1.08.
worldtradex Broker Tradable Markets & Symbols
- The minimum deposit required for this account is $500 and once again, clients can register SD, EUR or JPY as their base currency.
- The ECN broker manages to consolidate quotes from several participants, which is why spreads here start from 0.0 pips and are typically very tight.
- CFDs are available on shares by Walt Disney, Cisco Systems, Facebook, JPMorgan Chase & Co., HP, Apple, HSBC, eBay, Google, Lloyds, Samsung Electronics, Airbus, and many more.
- 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 commission-free Absolute Zero account.
- Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team.
worldtradex offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles. Money managers can also benefit from a personal multi-account manager (PMAM) that allows trading of multiple Metatrader accounts. Professionals trading their own accounts may wish to look elsewhere, despite tiered pricing, due to the lack of volume discounts or a proprietary high-end trading platform.
worldtradex Account Opening Process
It is easy to be a part of fthem, and it is even entertaining to watch as other traders progress.The broker as not really as popular as it should be. I cannot find any reason for the platform to lack popularity, considering its services. Sure I would like to see a few improvements on the platform, but it is really darn fine. All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
Beginners can stick to the regular version of MT4, the WebTrader, or the mobile version. The MT4 Advanced platform will be the choice of advanced traders who want these enhanced charting tools, which include the built-in EA ability, automated strategies, live monitors, and more. The Personal Multi-Account Manager is also highly advanced, making it possible to trade several MT4 accounts at the same time and offer the same advanced charting tools.
This type of trading allows investors to speculate and make a profit by taking long or short positions, use leverage and enjoy tight spreads and a 0.10% commission taken by worldtradex. Besides, shares, especially when traded from long-term positions, are very stable and provide a reliable generation of profit. Trading on spot metals is similar to Forex trading – traders can speculate on the prices of precious metals, taking short or long positions.
The worldtradex website is available in many different languages, while the MT4 platform can be opened in even more, which makes it suitable for traders from all over the world. When registering their account, worldtradex can opt for the following languages – English, German, Spanish, French, Italian, Portuguese, Polish, Russian, Japanese, Arabic, Korean, and Chinese. EAs are automated trading bots, which can be customized by the trader and used for robot trading based on preset rules and conditions.