Remember to consider worldtradex’s rollover or overnight fee, which applies to positions held for more than a day and varies by instrument. However, trading with an ECN XL Account comes with no swap charges, making fee calculation easier and offering a great benefit. Additionally, the broker provides several specialized accounts, including demo accounts for practice trading, Islamic accounts adhering to Sharia principles, and managed accounts for those preferring expert guidance.
The ECN XL Account: A Pinnacle of Trading Efficiency
Client money is also kept in separate accounts at Tier 1 banks, adding still another level of protection. For traders looking for a safe trading environment, worldtradex is positioned as a consistent option by this mix of control, defensive actions, and financial transparency. Particularly attractive to cost-conscious traders worldtradex is a broker with good reputation and large trading community with quite high scores on performance.
- 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.
- This commitment to security helps to instill confidence in traders who seek reliability and transparency.
- worldtradex broker, or FX Central Clearing, is a Forex broker from Cyprus that started in 2010.
- FX CENTRAL CLEARING Ltd is a member of the Investor Compensation Fund, which was established to secure the claims of covered clients against a CIF in case that the company is unable to compensate the claims.
If you have experienced other brokers, allow us the privilege to demonstrate why we consider ourselves unparalleled in the industry. Yes, worldtradex gives traders access to major cryptocurrencies like Bitcoin, Litecoin, and Ethereum available on a CFD basis. Notably, the payment service providers (PSPs) of worldtradex apply their withdrawal fees rather than directly by the broker.
We are dedicated to maintaining high editorial integrity and transparency during reviews or other posts. However, it’s important https://worldtradex.club/ to note that some of the products we discuss are from our partners.
Key Advantages of Navigating FX via worldtradex’s ECN – STP Model
worldtradex offers excellent customer support available 24/5 through email, https://worldtradex.world/ Live Chat, and international phone calls. Support is provided in multiple languages, ensuring clients from around the world receive quality assistance. After reviewing worldtradex, we find that the company offers trading with the STP/ECN model and quotes directly from liquidity providers. They have created different types of accounts with various features and minimum deposit requirements, making it easy for traders of all levels to get started. worldtradex operates in a regulated environment, which ensures a safe and supportive trading experience. However, for better transparency, we recommend signing up with a European entity.
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We have manifested our motto of being “trustworthy, transparent, and fair,” not just in words but through our actions and services. We value each client with utmost respect and consideration and strive to remain at the forefront of technological advancements to ensure our customers experience simplicity and customer care above all. Our introduction mirrors the clear, concise, and precise individual service we render to our clients.
Furthermore, the introduction of mobile trading applications via the internet provided an easy and smooth trading experience for retail traders. However, it came along with the risk of unregulated trading platforms that may close abruptly and abscond with investors’ funds. To mitigate this risk, forex regulations and systems of checks have been put in place to guarantee that the forex market is a safe place to be. Aside from protecting individual investors, they also ensure fair operations that serve the interests of clients. For compliance with these legal and financial standards to be ascertained, industry watchdogs and overseers are set up to monitor the activities of industry players. These bodies serve as watchdogs of their respective markets and issue financial licenses to institutions that comply with local regulations.
Established in 2010, worldtradex has become known as a dependable broker in the forex trading space, regulated by the EU authority in Cyprus it provides reliable trading conditions overall. While International offering is provided by offshore zones it is still considered a reliable choice, but traders should be aware of various protective measures applied since they are strong at Cyprus entity not Internationally. Also, worldtradex is a member of the Investor Compensation Fund, which secures the claims of covered clients against a company in case of its insolvency. Negative balance protection provided by worldtradex guards traders from losing more than their account balance.
worldtradex brand is an international brand that is authorized and regulated in various jurisdictions and is committed to offer the best possible trading experience. We have been in the market since 2010 and to date, worldtradex provides solid and trusted grounds to our clients. Information on the TopForx.com website is for informational purposes only and does not constitute any motive or suggestion for visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested, and only 11-25% of traders earn a profit. It is a regulated broker with a European license, which ensures safety for trading and protection for clients.
Regulation and Security
worldtradex uses a spread-only methodology; hence, its ECN XL account shows no extra trading commissions. Spreads on important currency pairings start as low as 0.1 pips, which appeals to budget-conscious traders. For EUR/USD the average spread is about 0.8 pips, which is reasonable given many other brokers. With an aim to provide the trading conditions traders were seeking for, to obtain the respect and trust of our clients, thus ensure their best interest, worldtradex is operating on a true STP/ECN model.
As a result, some intermediaries like banks and brokers are able to engaged in fraudulent schemes, exorbitant fees, discreet charges, and excessive risk exposure through high leverage and other unethical practices. Based on the MetaTrader 4 platform, the worldtradex MobileTrader app offers customers a strong trading experience on demand. After testing the app, it turned out that it provides real-time market access, sophisticated charting tools, and a range of technical indicators, among other basic capabilities. Benefiting from the same competitive spreads and execution speeds on the desktop platform, users may efficiently execute trades with only a few taps.