worldtradex Review

With a global presence, it serves clients from diverse regions including Europe, Asia, the Middle East, Africa, and Latin America, offering multilingual support in 30 languages. 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. worldtradex’s TradeCopier connects signal providers and signal followers and is available from the client portal.

The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives. Clients can choose between two types of floating and an equal number of fixed accounts that offer different spread schedules and fee structures. Several account types allow retail clients to bypass worldtradex’s dealing desk, which carries a systematic conflict of interest, and trade directly with the interbank system. Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers. Client funds are segregated from company funds, reducing the potential for misuse. They operate a counterparty dealing desk, raising conflict of interest issues, but offer direct interbank trading access in some account types.

How do I know I can trust these reviews about worldtradex?

With metals such as gold and silver, traders can hedge against risk and make their investment portfolio more diverse and well-balanced. Precious metals have always been valuable but their prices are less affected by supply and demand, unlike other commodities. Usually, the price of gold, for instance, is a function of the current sentiment.

Each account type comes with its own features and requirements, including minimum deposit amounts, leverage options, spreads, and commissions. worldtradex is a relatively small FX and CFD broker but it offers its clients access to global markets, various trading instruments, and average spreads. It is licensed by some of the largest and most respected regulatory bodies in the world and it does offer trader fund protection. It also allows multiple account management and free VPS hosting to those who deposit at least $5,000. It is also one of the few brokers on the market who have prepared various bonuses and promotions for its clients.

And thirdly, broker provides a wide range of financial instruments, including currency pairs. The worldtradex mobile app is user-friendly and comes with essential features like real-time price updates, one-click trading, and access to account management tools. The app has received good reviews on both the App Store and Google Play, making it a reliable choice for traders who prefer trading on their mobile devices.

• Whether you are a beginner or a seasoned trader, worldtradex provides account types with flexible leverage, competitive spreads, and no hidden fees for most account types.
• Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
• 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.
• It offers a range of safety features, including negative balance protection to shield traders from losses exceeding their deposits.
• These features make worldtradex an appealing choice for beginner traders who are looking to start their trading journey with a trusted broker.

Are there any commission charges for trading with worldtradex?

worldtradex also offers multilingual support, making it accessible to a global audience. MT4 is ideal for forex traders, offering advanced charting tools and a variety of indicators. MT5 offers more advanced capabilities, such as additional timeframes and more order types, which might appeal to traders looking for more flexibility in their strategies.

worldtradex vs Other Brokers

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.

“Choose carefully or choose the standard acc”

This average customer rating is based on 21 worldtradex customer reviews submitted by our visitors. Compare worldtradex with the top 3 similar brokers that accept traders from your location. worldtradex also offers an economic calendar while a VPS is available for $30 per month or with a minimum deposit of $5,000. Payments typically take up to 24 hours, though wire transfers may take up to five business days. worldtradex’s MetaTrader 4 trading platform is available via a mobile app for Android and iOS devices.

Alternative Brokers

Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website. To start trading on the IronX Exchange, you will need to verify an account by showing proof of your address and identity. The IronX Exchange charges different fees depending on whether you are a “maker” who places limit orders or a “taker” who deals at the market price. The maker fee for exchange transactions is as low as 0.20%, while the taker fee is as low as 0.28%. If you are interested in how we review, then read further to determine if the broker will satisfy your trading needs and whether it makes sense to open an account with them today.

• So you go to the withdrawal page peer withdraw processing ok.when you go back to trading platform it’s started trading by its self and you can’t stop.
• Many years of experience within the trading industry has made worldtradex experts at delivering flexible, bespoke and multifaceted trading platforms.
• There is an excellent selection of forex currency pairs (major, minor and exotics) to trade, 24 hours a day, 5 days a week.
• An Introducing Broker is an independent broker-dealer who acts as an agent to introduce new traders to a brokerage firm, earning commissions based on the trading volume of their referrals.
• worldtradex strive to deliver an exceptional service to all clients, by offering a wide range of products, the best-of-market spreads and unmatched trading conditions globally.

Trading forex, stocks and commodities on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The same platform is also available for mobile devices and it can be downloaded for free from the App Store or Google Play.

The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak the parameters of their strategies so that they can be used under different market conditions. worldtradex operates through five entities, three of which are regulated by top-tier financial authorities, while the other two are offshore and unregulated. The broker ensures client safety by maintaining segregated accounts for client funds and offering negative balance protection.

We do not provide investment advice or solicitation of any kind to buy or sell any investment products. Trading carries a high level of risk and may not be suitable for all investors. However, there are certain withdrawal fees while using debit/credit cards and some electronic payment methods. Notesco Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). You can access these resources by visiting the worldtradex School Tab on their website, where all educational materials are organized for easy navigation.

At the forefront is the MetaTrader 4 (MT4) platform, renowned for its reliability and user-friendly interface, allowing traders to access over 200 instruments across six asset classes. worldtradex offers a solid foundation for both new and experienced traders with its suite of trading platforms. Powered by the renowned MetaTrader 4 (MT4) platform, traders can access over 200 tradable instruments across six asset classes. worldtradex is a reputable broker that offers over 500 instruments in various markets. The spreads with worldtradex start from 0.0 pips and most trades are commission-free. worldtradex provides a variety of accessible and diverse trading accounts, giving clients the flexibility to choose between fixed spreads and floating spreads.

These instruments include forex, stocks, commodities, indices, and cryptocurrencies, making worldtradex a versatile broker for a wide range of trading strategies. Yes, worldtradex offers demo accounts that allow traders to practice trading in a risk-free environment using virtual funds. These demo accounts are ideal for beginners who want to learn how to trade or for experienced traders who wish to test new strategies without risking real money. They provide fast trade execution speeds with no requotes and spread starting from just 0.0 pips. worldtradex’s fee structure, competitive spreads, and absence of commissions on most accounts provide a cost-effective trading environment. This clarity and flexibility in pricing make worldtradex an appealing choice for traders who prioritize low trading costs while seeking diverse trading opportunities.

Things are different for silver and platinum – silver is still traded for industrial purposes, as Worldtradex forex broker platinum, which is also much rarer than silver or gold. With tight spreads as low as 0.04 and 1% margin requirements, worldtradex offers its clients a great opportunity to profit from the global gold and silver markets. The spreads on platinum and palladium are, of course, higher since palladium is not only 30 times as rare as gold but also more valuable than gold.

The fee is charged until account activity resumes or the account balance drops to zero. 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. In our Trust category assessments, we evaluate factors tied to stability and transparency, including the broker’s operating history, company size, and information transparency. Inexplicably, the daily web-based “Market Insights” column was not reproduced on the research app.

Although worldtradex offers 26 futures contracts, there are no vanilla options, ETFs, or bonds that most swing traders use. worldtradex provides access to the widely popular MetaTrader 4 platform and offers free Virtual Private Server (VPS) hosting for low-latency trading. The broker stands out with its extensive educational and research content, developed both in-house and sourced from the renowned Trading Central. 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.