An inactivity fee of $5 per month is applied after three months of no trading activity. worldtradex does not have a proprietary mobile app, though MT4 and MT5 can be downloaded to Android and Apple devices. The mobile applications have proven to be stable and reliable during testing. Spreads are slightly higher on alternative products, while the withdrawal fee and inactivity penalty lower its fee rating somewhat.
worldtradex Alternative Brokers & Comparisons
worldtradex does not charge specific fees for CFD trading beyond the spread. 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. If you have experience trading with worldtradex please share your personal review of the broker and what you think are strong and weak points. Compare the markets and instruments offered by worldtradex and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
Your trading opportunities and potential success is automatically enhanced by using our straight through processing order fulfilment, in an ECN (electronic communication network) environment. Quotes remain sourced from multiple liquidity providers and matched for the best possible execution. Importantly, your funds will be held in segregated accounts with Tier-1 banks, and you’ll enjoy negative balance protection whichever entity you open an account with. This means that you cannot lose more money than you invest with worldtradex. Supports guided me throughout the opening account process at first, and generally trading here for a scalper is cloud nine.
In this comprehensive review, we’ll delve into the key features, trading conditions, and overall user experience that define worldtradex as a brokerage choice for traders seeking precision in the forex markets. While worldtradex does not offer stock trading, its comprehensive selection of other instruments, combined with competitive spreads, positions it as a strong choice for traders focused on forex and CFDs. Whether you’re trading major currency pairs or exploring commodity markets, worldtradex provides the necessary tools and instruments to engage effectively in global financial markets.
First Deposit Bonus
worldtradex offers traders the core MT4 trading platform without third-party upgrades. There’s no minimum deposit, and worldtradex accepts a wide range of payment methods. These include bank transfers, credit cards (Visa and Mastercard), electronic wallets, and cryptocurrency. As payment options vary from country to country, we suggest creating a free account on worldtradex.com to see which options are available to you. It accepts all trading styles and Expert Advisors on the MetaTrader 4 platform.
Overall, the asset selection is both impressive and more than ample for new and intermediate traders. My mission with TrustedBrokers is to help you https://worldtradex.space/ find the right broker for you, whether you’re a beginner or a pro. I’ve personally used and tested the brokers mentioned in this article. I started my career in investment banking in London as an FCA-approved person. However, profits can only be withdrawn to a bank account or a crypto wallet.
Review Methodology
- MetaTrader 4 includes trade alerts, a handy tool to help you track the most favourable trading environment and market conditions.
- worldtradex broker has been on my radar for a long time and as soon as I saw they added the metatrader 5 platform a few weeks ago, I joined almost immediately.
- Our broker ratings are also informed by the experience of our researchers during the evaluation process.
- This feature ensures uninterrupted trading, particularly for users running automated strategies.
- Whether you are a beginner looking for a low-cost entry into the forex market or a professional trader seeking competitive conditions, worldtradex’s ECN XL account provides a solid, flexible option.
With worldtradex, you can open a trading account denominated in US dollars, euros or British pounds. If you fund your account in a different currency, worldtradex will use Hellenic Bank’s exchange rates, published here. The features are the best , you get your trade analysis here, and the platform is legit, mt is available for both phone and pc.
Regulated, Transparent and Fair Trading
While the platform options and asset variety are somewhat limited, worldtradex compensates with its robust regulation, free VPS hosting, and user-friendly environment. 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. worldtradex provides traders with access to a variety of research and educational tools designed to enhance trading knowledge and skills. These resources cater to both beginner and experienced traders, offering valuable insights into market trends and strategies. While the broker does not boast an extensive educational library, it offers enough material to assist traders in improving their technical and fundamental analysis skills.
- Known for its user-friendly interface and robust features, MT4 offers a seamless trading experience.
- Turns out it doesn’t take you long to get used to a broker when you trade daily with it; excluding weekends of course.
- Compare worldtradex with the top 3 similar brokers that accept traders from your location.
worldtradex deploys an ECN/STP execution model and does not manipulate quotes. Introductionworldtradex (Forex Central Clearing Ltd) is a regulated forex and CFD broker established in 2010. With a focus on transparency, competitive trading conditions, and customer satisfaction, worldtradex caters to both beginner and advanced traders. The broker offers ECN/STP execution, eliminating conflicts of interest by routing orders directly to liquidity providers. This review explores worldtradex’s features, pricing, regulation, and suitability for various types of traders. worldtradex is a regulated broker offering diverse trading instruments, including CFDs, commodities, currencies, cryptocurrencies, and indices.
While an worldtradex no deposit bonus does not exist, worldtradex offers a 100% first deposit bonus with a $2,000 limit. Terms and conditions apply, and I urge traders to read and understand them before accepting the incentive. worldtradex occasionally introduces other bonuses and promotions, which have included a $50 worldtradex no deposit bonus or annual interest on free margin. Instead of a fixed spread, the ECN / STP worldtradex transaction model has very narrow ranges with a variable value. Our ECN XL account has all the features and benefits you would expect and demand from an ECN/STP broker who has always been right at the cutting edge of industry development. It is one of the most advanced trading accounts, packed full of features and benefits, currently available in the forex industry.
True STP Execution
As with any financial transactions, the security of the information being transmitted is of fundamental importance. The worldtradex MetaTrader 4 Broker software transmits information to and from the markets Worldtradex scam on 128-bit encrypted connections. In addition to this, worldtradex also offers the possibility to use the extended security algorithms of Public Key Cryptography. Information secured in this fashion is virtually impossible to hack in any short amount of time. Enjoy the benefits and start trading with spreads starting from as low as 0.0 pips, zero commissions, zero swaps, zero mark up and zero deposit fees.
Accounts & Banking
The platform has a built-in «Help» function so you can get answers to the most common questions directly from within the software itself, so you can concentrate on the important stuff – trading. Your review can make a difference to other traders, please leave a comment if you have any personal experience with worldtradex. worldtradex maintains a nice balance of traditional payment processors like bank wires or credit/debit cards, modern e-wallets like Skrill or UnionPay, and cryptocurrencies. 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 ECN XL account. 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. worldtradex prides itself on providing its customers with the best possible trading infrastructure.
Educational Tools for All Traders
worldtradex transparently provides all necessary information on its website. There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply. The Vanuatu Financial Services Commission (VFSC) provides worldtradex with a competitive regulatory environment for international clients.
