While testing worldtradex, the EUR/USD was available at 0.1 pips and the EUR/GBP at 0.5 pips. The pricing is truly competitive—tight spreads and no hidden or any sort of extra commissions… the ecn XL acc is spread-based – ideal for high frequency traders. Additionally, traders have access to real-time market data and analysis to help them make informed decisions. The combination of educational tools and a well-regulated environment makes worldtradex a reliable option for traders looking to expand their knowledge while maintaining secure trading conditions.
“Instant executions”
However, the selection falls short of the comprehensive educational offering available from best-in-class brokers like eToro, limiting the brokerage’s appeal to beginners. These combine well with worldtradex’s free forex VPS, hosted by BeeksFX, which is available to traders who deposit at least $2,500 Worldtradex cheating and trade at least 30 lots per month. The three chart types MT4 offers are far behind newer alternatives such as TradingView, and the 9 time frames from 1 minute to 1 month have also been surpassed by many other platforms. This is low compared to many brokers, but it’s still a downside since rivals like Vantage charge nothing, making them a better fit for casual traders. I really like the ‘average spread tool’ available on the broker’s website which displays fees over recent trading sessions.
worldtradex Non-Trading Fees
The platform employs state-of-the-art security measures to safeguard both personal data and client funds, ensuring that all transactions and information are securely managed. By continuously updating its security protocols, worldtradex guarantees a secure trading environment for all its users. Traders are encouraged to review the broker’s comprehensive legal documentation to gain a thorough understanding of its compliance policies and regulatory adherence.
Only one account isn’t a super…
This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice. For clients meeting specific trading volume requirements, worldtradex provides free VPS hosting. This feature ensures uninterrupted trading, particularly for users running automated strategies. worldtradex offers a variety of convenient deposit and withdrawal methods to accommodate traders’ needs.
worldtradex Trading Fees
worldtradex has a clean regulatory track record and established itself as a secure and trustworthy broker. With no minimum deposit, high leverage, and low trading costs, worldtradex is ideal for beginner traders and demanding seasoned ones alike. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters. worldtradex was launched in 2010 by a group of forex experts aiming to create a competitive and supportive trading experience for clients through transparency and high trade quality. Turns out it doesn’t take you long to get used to a broker when you trade daily with it; excluding weekends of course.
worldtradex
- worldtradex lacks more trading tools, like CFDs on stocks for example, which became so popular recent days.
- Practice caution and see financial advice when unsure because what we offer here is NOT financial advice.
- Its competitive spreads, no trading commissions, and lack of a minimum deposit make it accessible to both beginner and professional traders.
- This broker has a great platform that can be used to make a profitable income… The financial instruments are well combined and there are different account and payment methods plus great customer service.
- We verify some of our data for quality control but there are slight variations occasionally.
- The platform also supports secure payment gateways for deposits and withdrawals, minimizing the risk of fraudulent activities.
For cryptocurrency users, worldtradex provides an added benefit with up to a 10% discount on each deposit made via crypto. Deposits using BTC or ETH are processed instantly, meaning as soon as the transaction is uploaded on the blockchain, the trader’s account is credited without waiting for confirmation. Additionally, worldtradex does not charge any deposit fees, enhancing its appeal to cost-conscious traders. A responsive and knowledgeable customer support team is a hallmark of worldtradex. Traders can access assistance via live chat, email, or phone, ensuring prompt resolution of queries.
Another bonus for us is the $0 minimum deposit and 0.01 minimum lot size, which makes worldtradex more accessible than forex brokers such as Plus500 and AvaTrade, both requiring a minimum deposit of $100. They seemed like they knew who their targeted traders were, and crafted perfect trading terms for this trading style. While the platform can be suitable even for swing traders, this is the best place for scalpers or intra-day traders.
- Known for its user-friendly interface and robust features, MT4 offers a seamless trading experience.
- DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.
- The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures.
- I really like the ‘average spread tool’ available on the broker’s website which displays fees over recent trading sessions.
worldtradex’s stop-out kicks in when your margin level drops to 50% or lower. At this point, the forex broker will begin to close your positions until the margin level of your account is above the threshold again. On the downside, worldtradex’s high fees for most withdrawal methods are a disadvantage.
Quotes remain sourced from multiple liquidity providers and matched for the best possible execution. 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 does not https://worldtradex.online/ have a dedicated mobile app, but clients can trade using MT4’s app, which is available from the Apple App Store and Google Play.
Ordinarily, we prefer to see a choice between a commission-free account (geared towards beginners) and one with raw spreads and low commissions (geared towards advanced traders). However, worldtradex has outdone many competitors by offering the kind of tight spreads you’d expect from ECN accounts without charging a commission. Regular deposit bonuses are available to both new and existing traders. These bonuses offer additional funds based on the amount deposited, enabling traders to increase their trading capital and potentially enhance their trading outcomes.
The $30 – $45 charges are way above brokers such as eToro, which only charges $5, and many brokers we evaluate that offer free withdrawals. For my trading strategy that required some help from EAs and more customization, the trading environment that worldtradex provided, was right on target. Mt4 was the platform, where I’ve already had everything built and set up.
The platform is optimized for both desktop and mobile use, ensuring that traders can manage their accounts and execute trades with ease, regardless of their location. worldtradex stands out as a solid broker choice for traders looking for a low-cost, regulated platform. Its competitive spreads, no trading commissions, and lack of a minimum deposit make it accessible to both beginner and professional traders. With a focus on forex and CFDs, worldtradex provides a range of tradable instruments, though the absence of stock trading may be a limitation for some. worldtradex’s live chat feature offers instant access to customer support, allowing traders to receive real-time assistance directly from the trading platform. Available 24/5, the live chat service is perfect for quick questions, troubleshooting, and immediate help with trading operations.