worldtradex’s non-forex asset list is less competitive, with the lack of shares a notable exclusion and very few other markets. Many competing forex brokers such as CMC Markets and Plus500 offer trading in thousands of global instruments including stocks from a range of international exchanges, so worldtradex is behind the competition here. While many forex traders are familiar with the MetaTrader 4 software, which allows for expert advisors that can automate your trades, no other trading platform is offered.

worldtradex Leverage

An inactivity fee of $5 per month is applied after three months of no trading activity. The international subsidiary, on the other hand, operates with limited oversight, and this holds the broker back from achieving a higher score. It was simple to complete the demo registration process within the client portal with the benefit of not having to complete any identity verification requirements. This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage. That said, the bonus could not be withdrawn, and if your account balance reaches below 50% of the available bonus credit, the amount will be removed. This is essentially free credit that can be used https://worldtradex.pro/ for trading purposes, and I was pleased on this occasion that there were no minimum trading requirements.

worldtradex Minimum Deposits & Withdrawals

• This will be enough to satisfy most traders and provide opportunities to deploy a range of forex trading strategies.
• However, they are still powerful platforms that will provide everything needed for experienced traders to conduct technical analysis while also being intuitive enough for beginners to pick up easily.
• This may impact how, where and which companies / services we review and write about.
• EeziePay and AWEpay process both deposits and withdrawals instantly, however you should be wary of currency conversion fees.

worldtradex offers reliable customer support to assist traders with any questions or issues they may encounter. The broker provides live chat and email support, ensuring that help is readily available. Customer service operates 24 hours a day, Monday through Friday, allowing traders to access assistance during market hours. 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.

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. I’ve also read much of the educational content and was struck by its bland delivery with long-form text and limited videos or engaging elements like quizzes, all of which could elevate the learning experience. The sign-up process is also pleasingly simple and there is a swap-free solution for Muslim traders available upon request. This means that clients of worldtradex’s offshore branch won’t get the same level of protection and won’t have access to compensation schemes or trusted regulators if things go sour.

Deposit and Withdrawal

I also find the FAQs section on the website a useful way to solve basic queries. This makes the broker a worthwhile option for serious forex traders who will also enjoy the VPS service and MT4 support. worldtradex’s offshore entity offers a 100% welcome bonus up to $2000 whereby new clients can double their initial deposit size. However, due to European regulations, this bonus is not available for clients from the EEA. Although worldtradex does not offer an extensive suite of forex tools, I am satisfied with the inclusion of a free Virtual Private Server (VPS). This works extremely well with MT4’s expert advisors for automated trading, and I frequently make use of it when trading on worldtradex.

I think the client dashboard and website could do with an overhaul though – they are pretty dated. worldtradex is a low-cost brokerage with no commissions and spreads that are generally competitive, especially on currency pairs. I like worldtradex’s floating spread pricing model, which rivals the cheapest zero-commission brokers that I have reviewed. Tight spreads increase the viability of short-term trading strategies, while the no-commission model makes trading with worldtradex simple for beginners. On the negative side, there is a slim selection of trading platforms with access to MetaTrader 4 (MT4) only.

Customer Service

worldtradex does not charge specific fees for CFD trading beyond the spread. All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. If you have experience trading with worldtradex please share your personal review of the broker and what you think are strong and weak points.

The most frustrating absence is stocks, which are entirely missing, though traders can at least speculate on stock markets through index CFDs. Importantly, all deposits are fee-free, and e-wallets like Skrill and Neteller process within an hour, compared to 5-7 working days for wire transfers. On the surface, this is an ideal offering that provides the best of both worlds, though in practice we found some instruments pricier than others, so you shouldn’t expect superior pricing across the board.

• The broker’s commitment to technological excellence, diverse account options, and client-focused services make it a compelling choice for traders seeking precision in their forex endeavors.
• worldtradex utilizes two-factor authentication (2FA) to prevent fraud and secure accounts, adding an essential layer of protection for all users.
• worldtradex offers traders a transparent fee structure with no trading commissions under its ECN XL account, relying solely on competitive spreads.
• I also find the FAQs section on the website a useful way to solve basic queries.
• Although worldtradex does not offer an extensive suite of forex tools, I am satisfied with the inclusion of a free Virtual Private Server (VPS).

Still, I feel that worldtradex could become a more attractive forex broker by expanding the range of tools it supports. One excellent addition would be copy trading, allowing rookie traders to mirror and learn from more experienced peers, who can earn Worldtradex forex broker commissions from copiers. worldtradex provides assistance to trading clients via its 24 hour Monday through Friday multilingual customer support service that features dedicated account managers.

worldtradex utilizes two-factor authentication (2FA) to prevent fraud and secure accounts, adding an essential layer of protection for all users. Furthermore, the broker ensures that client funds are stored in Tier 1 banks, safeguarding these assets from potential risks. This commitment to security helps to instill confidence in traders who seek reliability and transparency. 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.

Trusted and Secure Broker

It also maintains a blog where it publishes market-related content, but the Forex News section does show wide gaps between its posts. With such a useful market analysis, we would love to see the section expanded to other pairs. The service provider is BeeksFX, but worldtradex clients must have a minimum account balance of $2,500 and a monthly trading volume of 30 standard lots. worldtradex is committed to providing its users with educational resources through webinars, trading guides, and market analysis.

Overnight Funding Fee

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. Clients may also use their Facebook or Google accounts to open an account. Since worldtradex is a regulated and fully compliant broker, new traders must pass account verification per AML/KYC stipulations. A copy of the ID and one proof of residency documents usually satisfies this final step.

However, some FX specialists like Forex.com offer thousands of additional instruments, so it’s disappointing to find just 27 non-forex assets on the worldtradex platform. worldtradex runs bonus offers in certain jurisdictions, and when I opened an account with the global entity I was offered a 100% deposit bonus up to $2000. worldtradex brand is an international brand that is registered and regulated in various jurisdictions and is committed to offering you the best possible trading experience. 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.

The technical support is good and it is noticeable that there are competent guys working. During testing, we have been impressed with the ECN pricing that offers spreads from 0.0 pips, while the 70+ currency pairs provide better market coverage than most alternatives. The broker supports the popular MetaTrader 4 trading platform with multiple terminal capabilities and a multi-account manager. You can also access the worldtradex MT4 platforms on Android and iOS smartphones and tablets.