A high percentage of retail investor accounts lose money when trading CFDs. If you are a forex and CFD trader looking for a trusted broker, worldtradex can be an ideal choice for your trading journey. However, We always encourage traders to test Worldtradex official site brokers with a demo account or with a small deposit.
All brokers want you to keep trading, and when a trading account lies dormant, they may start to charging inactivity fees. These need to be measured by how long your account can lie dormant before being charged a fee, and, secondly, by how high the fee is. We believe that worldtradex scores poorly on the length of the dormant period allowed, but scores well on cost. worldtradex generally offers competitive minimum spreads, especially on major pairs like EUR/USD and GBP/USD, but is occasionally outperformed by IG Markets and AvaTrade on some instruments. Across its Standard and Micro accounts, worldtradex generates profit from the spread rather than commissions. In contrast, worldtradex’s Zero account features zero or very low spreads plus a commission on every trade.
- In this worldtradex review, we’ll be taking a look at all you need to know about worldtradex, including regulation, pricing, their trading and mobile platforms, types of account, their research and education.
- The formula that you can used to find margin is leverage x volume (lot) x current bid/ask price.
- Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com.
- I think I am going to recommend the broekr to my trading friends to let them save on fees and see market updates without a problem.
- Minimal withdrawal amounts, however, will depend on the transfer type and are typically a little higher.
As a trader, you should feel confident that your financial investments are in good hands with worldtradex. So take the time to research worldtradex thoroughly and make the most of your online investing experience. When it comes to online trading with brokers like worldtradex, carefully review worldtradex as your broker can make or break your success.
Copy Trading Platform
Brokersway is a website that provides unbiased reviews, ratings, and comparisons of online forex and CFD brokers. Filippo Ucchino is the founder and CEO of the brand InvestinGoal and the owning company 2FC Financial Srl. He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family. Being a CFD broker, worldtradex also earns from overnight fees charged on positions that are held open overnight. Furthermore, worldtradex profits https://worldtradex.pro/ from clients’ losing trades when it operates as a B-book broker, essentially taking the opposite side of the trade. worldtradex generates revenue through spreads, trading commissions, overnight fees, dividend withholding fees, inactivity fees and B-Book execution policies.
- Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.
- There is also an option for Islamic accounts so the Islamic traders can trade without swaps.
- There are more than 10 trading platforms available at worldtradex, meaning you can easily find the trading dashboard to suit your style.
- I think the scores here are all good; surprised only about the trading platforms and tools at 4.4 and not 5.
- However, worldtradex compensates with additional offerings such as free VPS hosting for high-volume traders and advanced analysis tools like Autochartist.
Live Webinars
They combine user-friendly functionality, with powerful software tools. Even more impressive are the razor-thin spreads that worldtradex offers its clients. worldtradex’s Ultra Low Account, available across several entities of the broker, is ideally suited to the needs of high-volume traders who prioritize cost-efficiency. Traders have accesss to all financial instruments supported by the broker, such as Forex, metals, indices, crypto, stocks, and commodities. When I chose them as the main broker to trade with, they had been already in the business for around a decade. One of the factors that bolstered my decison is the fact that worldtradex is strictly regulated by several respected regulatory entities, including CySEC.As for the range of assets here, it is really huge here.
Platforms & Tools
If you deposit funds using any currency other than those offered by worldtradex, your funds will be converted into the base currency by the broker. MT4’s razor sharp graphics are supported by a default offering of more than 50 indicators and charting tools. The MT5 platform has a slightly greater number of indicators set up as default than MT4. The 80+ indicators can be applied to a charts which can be set to a wide range of time frames and the ‘last market price’ monitor allows clients to see into the heart of the market they are trading. worldtradex clients who access the MQL5 and Expert Advisors networks can set up their account to take on trading signals from 1,000s of other MT traders. It’s possible to analyse and evaluate the profiles of traders who are looking to be copied and the connection to copy trades can be broken at the copying trader’s discretion.
Clients of worldtradex can set up their accounts to be in the following base currencies – USD, EUR, GBP, CHF,‎ AUD, HUF, JPY, AUD, RUB, SGD, ZAR and PLN. Funds can be paid in using debit card, credit card, bank transfer or ePayment agents. worldtradex has been operating since 2009 and the broker has used that time to develop an impressive and useful range of FAQs. The related questions can be easily accessed from the side bar, meaning that receiving further information can be done so intuitively. Once the application is complete, there is a short delay whilst the broker verifies your details.
However, unlike publicly traded counterparts including Plus500 and IG, worldtradex’s private status limits the availability of financial disclosures. This could impact transparency for traders seeking detailed financial information. If you’re interested in comparing worldtradex against other popular brokers in the industry, check out our worldtradex Vs pages. Our team has compiled a series of detailed worldtradex comparison articles, pitting the worldtradex platform against some of the best-rated worldtradex competitors in the market. Dive into our informative worldtradex Vs pages below to find out how worldtradex stacks up against other leading brokers. Trading financial instruments is a high-risk activity that requires careful consideration and risk management.
Pros of trading with worldtradex Group
Take part in Global setup and development of Forex and CFD being an active part of the Business Team. We found that there is consistent small increasing in the execution times from 5 AM during the whole EU session. It is reaching its peak at 10 and it is getting lower towards the open of the US session. Overall, due to a long history of responsible behavior, strong international regulations, and wide industry recognition, we consider worldtradex to be a trustworthy and safe broker. We would recommend trying out worldtradex to benefit from the high-quality and significant amount of educational content, alongside the robust research on offer.
I am quite lucky to end up here because this broker is well-known for being one of the most respectable and decent ones in the whole industry. Many awards, strong regulations, lots of reviews and everything made me start trading here, even though I wasn’t in search of another broker. So I got deposit bonus when I first signed up, and my trading equity just got bigger, for nothing.. For istance, if I trade often and earn 10 worldtradexP per lot at my status, I can collect it. Just 1200 mxp will give me 400$ trading credit, which is just a free account with money basically.. Also the profit made there can be withdrawn, so the possibilities here are a lot.
The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following. The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners. There are more than 10 trading platforms available at worldtradex, meaning you can easily find the trading dashboard to suit your style. MetaTrader’s MT4 and MT5 platforms are available in a downloadable desktop form; this can be used on PCs and Mac devices.
When comparing worldtradex with Pepperstone, both brokers are recognized for their competitive pricing and strong trading infrastructures. Check our comparison tables to explore how these brokers stack up against each other in terms of spreads, quotes, and trading volume. When evaluating worldtradex against Eightcap, each broker brings unique advantages to the table. Our comparison tables below provide insights into their spreads, quotes, and trading volumes. worldtradex does not charge fees for most withdrawal transactions, though external service providers may apply their charges.
Should You Day Trade With worldtradex?
They provide free access to daily Forex webinars in 23 languages, available 7 days a week with 77 webinar instructors. They also have worldtradex web trader which allows you to trade through your web browser without the need to download any software. Futures CFDs are available on several assets including Precious Metals, Palladium and Platinum, Energies, Brent, London Gas Oil, Natural Gas, WTI Oil and WTI Oil mini.