worldtradex’s investment offering is excellent for forex traders but weak in other departments. TradingInfo features trading information to traders with all latest news to professional traders, both novice, and expert alike. Among other bonuses and promotions, worldtradex might occasionally offer a $50 no deposit bonus. And if you are a regional trader of the broker then you will get assistance with marketing plans and even support in marketing budgets. worldtradex has a top-notch partnership program and under this program, you are getting high-end commissions, a wide range of marketing materials, a tailor-made partner portal, global payment options, and advanced tracking.
Forex Broker Bonuses
Since worldtradex is a regulated and fully compliant broker, new traders must pass account verification per AML/KYC stipulations. A copy of the ID and one proof of residency documents usually satisfies this final step. worldtradex lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and Brent. Overall, the asset selection is both impressive and more than ample for new and intermediate traders. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements.
Its ECN XL account has no commission, but $5 mark-up per lot applies when you open an account through us. The overall trading environment at worldtradex features a low cost structure and competitive asset selection, . worldtradex lacks more trading tools, like CFDs on stocks for example, which became so popular recent days. worldtradex offers demo accounts, apparently without any time limit, making them ideal for testing algorithmic trading solutions and new strategies.
- However, profits can only be withdrawn to a bank account or a crypto wallet.
- Here is a screenshot of the worldtradex quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.
- These apps come equipped with sophisticated charting tools, including dozens of technical indicators, different timeframes, and multiple varieties of charts, ensuring a comprehensive trading experience from your palm.
- Both versions offer a seamless, responsive interface, providing ultimate flexibility for traders who need instant access from any device with internet connectivity.
Standout Features for Traders
The Price Aggregator meticulously scans these, thus assuring traders invariably acquire the best available Bid/Ask price combinations. CFDs and trading in forex on margin, carries with it significantly high levels of risk and might not be compatible for all the investors. Practice caution and see financial advice when unsure because what we offer here is NOT financial advice. We verify some of our data for quality control but there are slight variations occasionally.
So in this sense, worldtradex would https://worldtradex.bid/ be an ideal choice for traders who don’t want to spend extra on trading fees. If you choose worldtradex you do not need to pay any commission charge to trade on the ECN XL account. The ECN XL can be identified as ‘’Zero’’ account since it doesn’t even require you to deposit any fixed minimum amount to start trading. worldtradex broker only supports MT4 trading terminal which is out-of-the-box and offers automated trading. MT4 is well known as one of the most versatile mostly traded trading platforms. To enhance the trading experience you can upgrade to the MT4 advanced platform providing a third-party fee.
- You could also receive a 100% bonus on your first deposit, up to US$2,000.
- To avoid these charges, I recommend using Visa or Mastercard bank cards, as I found these do not incur a fee.
- worldtradex offers demo accounts, apparently without any time limit, making them ideal for testing algorithmic trading solutions and new strategies.
- The broker’s strong regulatory oversight by CySEC, MiFID, and MISA, along with client fund security in Tier 1 banks, adds a layer of trust for its users.
- Additionally, the platform offers interest rates from global central banks.
Please visit the company’s website for a list of all payment methods. worldtradex deposits are free, easy, and instant (if you pay by card or crypto). You could also receive a 100% bonus on your first deposit, up to US$2,000. worldtradex is authorized and regulated by the Cyprus Securities and Worldtradex Exchange Commission (CySec) and operates under the EU Markets in Financial Instruments Directive (MiFID). No, worldtradex is a legit broker with regulatory oversight from the VFSC and the CySEC.
How to create an account on worldtradex?
However, not all currency pairs are as generously priced – GBP/USD trades with a 1-pip spread, which is more expensive than the average of around 0.3 pips at Fusion Markets, for example. 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. Still, worldtradex has done well by providing an attractive, affordable and simple account option for day traders who will appreciate having no trading restrictions or minimum deposit requirements. worldtradex brand is an international brand that is registered and regulated in various jurisdictions and is committed to offering you the best possible trading experience. Certainly, worldtradex stores its clients’ funds safe and uncontaminated from its corporate money. The broker keeps its clients’ funds in a different segregated account to provide the utmost safety.
The ECN/STP model gives worldtradex clients the freedom to trade on a more level playing field. worldtradex has worked hard in making the world of Forex more transparent with a greater degree of control for traders. That’s a key factor for me and that’s why I decided to join them and I can say since the moment I started trading through this broker I didn’t have any problems.
worldtradex offers beginner traders a sound educational offering from where traders can expand. While an interactive course or videos are not available, the existing content provides a well-thought-through introduction to trading. The DFX Team at DailyForex is a group of veteran financial analysts, traders, and brokerage industry experts dedicated to producing in-depth broker reviews and cutting-edge market insights, plus analysis of market trends. Holding over 16 years of experience in global financial markets, and 4 B.A. Level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using…
Customer Support
Terms and conditions apply to receive it for free as advertised, but all the information is fully transparent and easy to understand. worldtradex has two operating subsidiaries, one authorized by the business-friendly VFSC and one by the CySEC, which operates under the globally least-competitive ESMA regulatory framework. ForexBrokersOnline.com earns money from affiliation deals with our partners. Our partners cannot influence our reviews, nor can they pay us to bias our rankings.
Examine the latest Customer Reviews and Comments about the Top Forex Brokers written by real traders and Forex experts on a daily basis. Immerse yourself in the realm of unadulterated straight through processing and elevate your trading journey. We are not just another broker in the industry; we consider ourselves trailblazers. Whether you are a novice or a seasoned professional, we are poised to assist you in your trading ambitions. Our motto, “a broker on your side,” epitomizes our commitment to your success.
Some of this forex trading is undertaken on behalf of customers, but much is conducted by proprietary desks, trading for the bank’s own account. worldtradex can deposit and withdraw funds through bank transfers, debit/credit cards, and e-wallets. It is the security and speed of transaction processing that also contributes to high ratings of brokerage services. The broker teases customers with decent customer support that we get through live chat, email, and phone calls.
With indices from various global markets, diverse metal trading options against the US dollar and the euro, a broad spectrum of cryptocurrencies, and spot oil trading, worldtradex stands as a versatile trading platform. Like, they dont lure you in with leverage, dont create 15 account types. 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. However, traders seeking stocks or deep education and market research will need to look elsewhere. Also, the offshore regulation for non-EU traders and expensive withdrawal fees are notable drawbacks.
Solid Regulatory Environment
The global trader can easily communicate and get qualified help from the broker due to multilingual support, which in turn helps to improve the ratings of worldtradex. worldtradex are never charged any commission or fee for trading from their traders. However if we see its service like compatative spread and $0 commission for trading then we can forget fee. The service provider is BeeksFX, but worldtradex clients must have a minimum account balance of $2,500 and a monthly trading volume of 30 standard lots.
