The worldtradex Loyalty Program rewards traders with points (worldtradexP) for each trade they make. It has four tiers—Executive, Gold, Diamond, and Elite—with higher tiers offering more points per trade. These points can be redeemed for trading credit, and they don’t expire. The program is designed to benefit active traders based on their trading volume.
- Micro accounts are best suited for beginners or traders with smaller balances, as they limit position sizes, while Standard accounts allow for larger trades.
- worldtradexTV produces a high standard of in-house research and reports, which easily competes with the commentary from the market leaders in this area.
- The Micro option allows trading inmicro-lots (1,000 units of the base currency), creating a low-risk environmentideal for beginners or for testing new strategies.
- We found that worldtradex offers an average range of trading platforms, including the web trader and desktop versions of MT4 and MT5.
What is the minimum deposit
Of course, you are able to use your mobile for trading as well, worldtradex MT4 Android and iOS third-party apps, along with worldtradex MT5 apps will give you access to a trading account with full account functionality. MT4 and MT5 apps also offer great charting with 3 Chart Types, over 30 technical indicators in their package, and a full trading history journal. Besides, one of the advantages you will get as a trader is Negative Balance Protection, so there is no risk of losing more than the available balance. In all my time being a trader, this is the one broker that I can vouch for that doesn’t manipulate its charts and is honest with its operations. Not saying that there are no other honest brokers; I am only saying this is one of the honest ones.
The educational package includes webinars, platform tutorials, seminars, podcasts and their online TX channel, worldtradex TV. On the educational side we would say that worldtradex is right up there with the industry leaders with their educational package. worldtradex offers a transparent fee structure that traders can consider when evaluating their trading costs. Overall, worldtradex’s account offerings exhibit versatility and inclusivity, catering to a wide range of traders’ preferences and needs. The reason for such high numbers is that worldtradex strives to provide one of the best user experiences in the industry to its clients.
You can get free access to various helpful trading tools, including forex calculators, customised indicators for MetaTrader, an economic calendar, trade ideas, and much more. You can sign up for free webinars and seminars, listen to market analysis podcasts, read curated articles, and watch worldtradex TV to further improve your trading education. worldtradex has very tight spreads on all accounts, starting from 0.0 pips on the zero account and 0.6 on standard accounts, which can vary in market peak hours.
Forex Fees
Uniquely developed free tutorials on how to get the best out of the trading platform and free live webinars are available to those who want to perfect their trading skills. The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. When it comes to client money safety, worldtradex adheres to the strictest requirements. As a result, the broker client’s funds are stored in segregated accounts at top-tier international institutions like Barclays Bank.
Furthermore, clients may pay costs from payment processors for transactions even when worldtradex does not impose withdrawal fees. For trades involving instruments denominated in a different currency than the base currency of the account, there also are currency conversion fees. worldtradex keeps a clear charge schedule overall, but traders should take these extra expenses into account while running their accounts. worldtradex Fees are ranked average based on our testing and compared to over 500 other brokers. Also additional fees like funding fees, rollover are good, since no funding fees applied, while inactivity and rollover is something typicall all Brokers charge.
Opening an Account at worldtradex
- It also ensures that financial markets are fair and transparent, which promotes stability and growth.
- Overall, worldtradex have an excellent offering when it comes to market analysis and education.
- Also, Broker does not provide passive investment services like PAMM or MAM accounts for multi account management, where professional money managers trade on behalf of investors.
- Trading platforms are based on MetaTrader 4 and 5 which are known for their reliability and advanced trading features.
The worldtradex VPS allows you to remotely connect to a Virtual Private Server (VPS) located just 1.5 km away from the brokers data centre in London, with optical fiber connectivity. Another great benefit of a VPS is that you can run trading platforms 24/7 without needing your own computer switched on. worldtradex Group is operated with client requirements at the forefront of everything that they do. These awards act as indicators for reliability and class, showing how determinedly a broker engages in offering high-standard services aimed at fulfilling customers’ interests fully.
Overall, the broker is considered to be highly secure and trustworthy, and this has increased the number of traders on the platform. As discussed in this worldtradex review forex and financial traders trust worldtradex as it complies with many regulatory standards. Commissions are fees charged by a broker for processing transactions and trades.
For more information on the worldtradex spreads and fees, read our comprehensive guide. This account type at worldtradex is available only under FSC, and makes available over 1300 shares as CFD, and 100 as real, with commissions starting from 0,10% of the volume. With this account type you will be able to trade with nano lots, however it’s not available ASIC, DFSA, FSC. This account type is not available worldwide, but only under the CySEC and FSA regulated branches of worldtradex. For more information about the worldtradex demo account and its features, read our dedicated article. The availability of one or the other account base currency may depend on the trader’s location.
Which Instruments Can You Trade On worldtradex?
worldtradex’s customer support is available 24/5 in over 30 languages via email, phone, and live chat. Australian traders will by trading with Trading Point Of Financial Instruments Ltd which is authorised and regulated by the Australian Securities and Investments Commission (ASIC). We would recommend trying out worldtradex to benefit from the high-quality and significant amount of educational content, alongside the robust research on offer. worldtradex provides a wealth of research across different mediums and asset classes and is a front runner in the market for research offerings.
The broker’s flexible account types,competitive spreads, and zero-commission trading on most accounts make it acost-effective choice. worldtradex’s use of MT4 and MT5 platforms ensures traders haveaccess Worldtradex reviews to advanced tools, while its educational resources and market researchprovide valuable support in making informed trading decisions. Founded in 2009, worldtradex has emerged as aglobally recognized online broker, serving over 15 million clients across 190countries. Known for its commitment to transparency, worldtradex offers access to a widearray of financial markets, providing traders with competitive spreads andmultiple account types that cater to different trading styles. Overall, this worldtradex can be summerised as a dependable and secure broker, backed by an impressive trust score of 93 out of 99. Offering a welcoming environment for both beginners and experienced traders, worldtradex facilitates easy entry with a low minimum deposit and enriches knowledge through well-researched educational materials.
worldtradex Group offers a strong selection of trading platforms and tools, including MetaTrader 4 and MetaTrader 5. The rating for platforms and tools is average, making it a viable option for most traders. As a seasoned Forex trader with over a decade of experience, I have dedicated myself to mastering the intricacies of the financial markets.
To open an Islamic account, traders must first create and verify a regular account, then request the Islamic option. worldtradex is definitely winning as Broker for Beginning Traders the Education quality and available seminars/ webinars are excellent, yet some similar Brokers also provide a great education. Also, the minimum deposit is only 5$ while others even suggest from 0$, still all are very competitive. The platform selection is basic with MT4 and MT5 available, while similar Brokers like AvaTrade also include professional COpy Trading and proprietary softwaare https://worldtradex.pro/ to diversify more. Also fees we find within the average and slightly higher at times too for Standard account, Brokers like Exness offer much lower spreads with similar conditions.