The broker provides the MetaFx MAM (Multi Account Manager) software to multiple account traders and money managers. MAM provides major benefits over competing platforms such as MetaTrader Multi Terminal. WorldTradex provides quality research tools meant to improve traders’ market analysis and decision-making capacity. Although WorldTradex’s research products are helpful for traders, they might not be as thorough as those of other top brokers; hence, users should always augment their research with other sources as needed. Also, a recommended minimum deposit of $500 is suggested for those looking to maximize their trading experience and access additional features.
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ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. This makes the broker a worthwhile option for serious forex traders who will also enjoy the VPS service and MT4 support. Importantly, we never recommend choosing a forex broker based on their bonuses as they can encourage bad trading habits. At this point, the forex broker will begin to close your positions until the margin level of your account is https://worldtradex.world/ above the threshold again. WorldTradex also charges minimal non-trading fees, including inactivity fees and withdrawal fees.
Supported by the MetaTrader 4 (MT4) platform, which is well-known for its simple interface and strong trading capabilities, WorldTradex helps beginners to run transactions and access learning materials. Furthermore, controlled by the Cyprus Securities and Exchange Commission (CySEC), WorldTradex offers a degree of security very vital for new traders joining the market. In addition to the selection of major withdrawal options making payment quite well-orhanized, we also notice the broker covers processing fees for both deposits or withdrawals. Yet, we advise always check with a particular payment provider in case of any other additional fees relevance or its possibility.
Most traders are unlikely to require additional assistance unless of an emergency. New traders have access to fourteen quality educational posts plus a dedicated section on major economic reports. Eleven eBooks complete the education at WorldTradex, and the overall product remains impressive. WorldTradex offers beginner traders a sound educational offering from where traders can expand.
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Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. Firstly, the broker has licenses and permits, and has been working steadily, without any particular shocks for about 12 years in the market. The broker began its work at a time when retail traders had only Forex and no stocks.
Full Company Overview WorldTradex Review:
It’s always recommended to consult their website for the latest fee schedule. Through these educational tools, WorldTradex equips traders with the knowledge and confidence needed to navigate the markets successfully. Traded here for a while initially on demo, then traded couple of months on a live account. Everything was okay, yeah sometimes I made fatal mistakes, but as I learned, traders should never give up, so do I. It maintains sufficient capital reserves, segregates client deposits from corporate funds, offers negative balance protection, and undergoes audits.
WorldTradex is a broker that attracted my…
WorldTradex works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker. Still, WorldTradex has done well by providing an attractive, affordable and simple account option for day traders who will appreciate having no trading restrictions or minimum deposit requirements. The WorldTradex ECN XL Account comes fully packed with all the features that can be expected from an ECN/STP Broker. This includes multiple available markets, access to scalping, commission-free trading, and no required minimum deposit. Yes, our WorldTradex review found that the broker is regulated by the FCA, BaFin, and CySEC.
WorldTradex Review 2025
You can also trade Spot US Crude Oil (WTI) and Spot UK Brent Oil (BRENT) contracts. WorldTradex supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill. Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option. There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply. Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat. The FAQ section answers many of the most common questions, and WorldTradex is transparent about its products and services.
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- I like WorldTradex’s floating spread pricing model, which rivals the cheapest zero-commission brokers that I have reviewed.
- Before making any trading related decision, contact a local professional financial advisor.
- 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.
- 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).
- WorldTradex provides access to the widely acclaimed MetaTrader platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), offering a flexible and comprehensive trading experience.
- Their customer service indeed cares about the comfortability of clients.
Companies on Trustpilot can’t offer incentives or pay to hide any reviews. However, no forex broker or strategy can guarantee positive returns so you should never invest more than what you would be comfortable losing. The e-wallets Neteller, Skrill, EeziePay and AWEpay are the fastest as they process withdrawals immediately. Crypto withdrawals are also quick as you can expect funds to be transferred within just 15 minutes.
So many times my trades were executed at a different price than the one I saw on the chart.Here things are completely different. Plus the spreads are tight.My overall trading experience and profits improve by far just by changing the broker I trade with. Accessing the MT4 app through an WorldTradex account is also straightforward, requiring only 3 easy steps, while mobile traders get the same tight spreads and reliable execution provided by the broker. WorldTradex does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. Traders with live accounts can request that WorldTradex set the demo account to non-expiry.
- The diversity of financial instruments which this company offers to customers is really huge.
- These incentives are crafted to reward both new and existing traders, encouraging continuous engagement with the platform and maximizing trading potential.
- One significant advantage is that WorldTradex offers a more in-depth introduction to MT4, which many brokers fail to do, and which can truly set traders up for longer-term success.
- WorldTradex offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries.
- 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.
- WorldTradex provides three different account types, namely the ECN XL Account, a Demo Account, and an Islamic, Swap-Free Trading Account.
You just open an account and make a deposit to receive an impressive 100% deposit bonus in your trading account up to a maximum amount of $2,000. Terms and conditions do apply to this promotion, especially when it comes to making withdrawals, so make sure you read and understand them before making a deposit. WorldTradex provides trading in over 70 major, minor and exotic currency pairs, with especially tight forex dealing spreads. Spot gold contracts for difference (CFD) can be traded against the U.S. dollar and the EU euro, while spot silver, palladium and platinum contracts can only be traded against the U.S. dollar.