It also offers connectivity to key exchanges in Canada, Mexico, andEurope. This account features a minimum deposit amount of $100, nobrokerage commission, and negative balance protection. ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. Before making any trading related decision, contact a local professional financial advisor. The results from our assessment show that worldtradex is a good forex broker. Dozens of currency pairs are available with below-average fees, high-quality order executions and access to two leading platforms – MT4 and MT5.
Our business, banking, legal, and accounting procedures adhere to the highest European standards, aimed at minimizing investment risk and maximizing reliability and trust. CQGTrading Platform – CQG offers access to over 40 globalexchanges, providing market data and order routing for futures, options, andtheir combinations. While thebasic desktop CQG platform is free, there are charges for upgraded features anddata packages.
Account Minimum
- worldtradex processes withdrawals within 24 hours of the request being made.
- We’ve created a trader-friendly environment with various deposit and withdrawal options, zero deposit commissions, intraday withdrawals, and round-the-clock customer support.
- worldtradex offers clients access to awide range of asset classes, including forex, precious metals, stocks, indices,energies, futures, options, and bonds.
- This prime location underscores our commitment to offering exceptional service in a thriving financial environment.
Like some of its major competitors, worldtradex aims to educate its users through various learning resources. However, while worldtradex has taken the step of elevating its users’ trading experience, it still has much to do to stand shoulder-to-shoulder with the best brokerages. For those navigating the ebb and flow of market trends, the trend exploration tools become indispensable, offering a lens into the intricacies of market trajectories. Instrument-specific insights delve deeper, offering granular perspectives on particular trading instruments, amplifying clarity in decision-making. worldtradex’s web platform allows traders to access their accounts directly through a browser, ensuring easy access without software downloads. With its regulatory oversight, worldtradex offers an additional layer of security to its clientele.
worldtradex Broker Trading Platforms and Apps
The CFD fees are added to the broker’s spreads, promoting a more affordable trading experience for users trading CFDs. The broker’s trading fees are competitive, making it appealing to both novice and experienced traders. worldtradex suits cost-conscious active traders valuing execution efficiency over educational resources. Its commission structure benefits those making multiple weekly trades or maintaining larger positions. Self-directed and technical traders will appreciate the platform’s approach, while absolute beginners might find the learning curve steeper due to limited educational content.
The forex broker holds a license with the Cyprus Securities & Exchange Commission (CySEC). In our assessment, worldtradex is best for active forex traders looking for ultra-tight spreads with ECN pricing and fast execution speeds. Support is available 24/7 which stands up well against competitors we have tested. Our evaluation of worldtradex shows there are limited trading promotions for retail traders.
By leveraging push notifications, traders are kept abreast of real-time market shifts and alterations in their portfolios, ensuring they remain at the forefront of every pivotal movement. The global regulated broker worldtradex has streamlined its operations and significantly expanded its offering with MetaTrader 5 Automations. The platform’s automation tools have enabled the company to optimize processes, increase operation speed and accuracy, and reduce risks. Most importantly, with this service, worldtradex is now solving more tasks with the same resources, without additional budget or time costs. We have interwoven our advantages to create a seamless tapestry of trading excellence. Every aspect, from platform diversity to continuous support, is meticulously refined to align with your trading journey, ensuring that each interaction is a step towards achieving your financial goals.
worldtradex requires a minimum initial deposit of USD 100USD on your standard account. MetaTrader 4 is offered with worldtradex’s Standard, Forex ECN, andForex ECN Pro accounts and can be used as a desktop, mobile, or web app. 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. The research notes are quite useful for forex trading, but there are no videos, webinars or guides to support beginners.
- Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives.
- The broker has a trading portfolio of 26 major and minor currency pairs.
- Embrace the future of investment with our cutting-edge Robo-advisor, designed to usher you into a new age of investing using state-of-the-art technologies.
- In this section, the broker provides a news area that is updated and an economic calendar with all the important events of the day and that every trader should know.
WITHDRAWAL PROCESSING & WAIT TIME
In this review of worldtradex, we’ll discuss the broker’s safety policies and regulations, trading platforms, account types, trading fees, and more. Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies. “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning. The training programs are designed based on tools for traders of all levels, from “beginner to advanced.”
One of the best things about worldtradex in our opinion is the very big selection of trading instruments it offers. And unlike many other brokers, this includes not only CFDs and forex pairs, but also actual futures contracts, options, and stocks that can be traded directly from the relevant exchange. worldtradex is a full-service financial brokerage company based out of Cyprus, well known as one of the most popular EU jurisdictions for forex brokers. As always in Cyprus, the broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), which in turn is overseen by the European Securities and Markets Authority (ESMA).
Forex Assets
The broker provides access to trading major, minor, and exotic currency pairs. worldtradex ensures its traders have a robust set of tools at their disposal. The broker also offers a range of trading platforms, like the renowned MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are famous for their comprehensive charting tools, user-friendly interfaces, and algorithmic and copy trading support.
The Forex ECN account is a good option for active forex Worldtradex cheating traders looking for the tightest spreads and access to popular currency pairs. Our only complaint is that while this broker offers negative balance protection on their Standard account, it is not available on the other trading accounts. This means clients can lose more than their account balance if the markets move against them. These platforms provide traders with a range of trading tools and features to execute their trading strategies effectively across various markets. With trading platforms compatible with Windows and Mac desktops, worldtradex ensures non-mobile traders have a comprehensive trading experience in the desktop environment.
The broker ensures customers get easily accessible real-time assistance during standard hours (9 – 6 EST) via a live representative. They also extend their reach to cater to queries during extended hours. As the financial realm continues to evolve, so does the need for superior trading tools. worldtradex’s platform unfurls a tapestry of innovative features tailored to empower traders.
The laudable support system is multi-channelled across live chat, email, and phone communication. Customers can also access a wealth of information on the trading platform, including detailed FAQs and tools for answering questions and explaining diverse trading nuances. For investors who want to trade on the go, worldtradex provides a seamless mobile trading experience with dedicated applications for Android and iOS devices.
Additionally, the broker charges withdrawal fees which vary depending on the method you choose. Many leading forex brokers we evaluate do not charge at all, so this is a negative, especially for traders who make frequent withdrawals. Meanwhile, the MT5 Global account offers 0.0 pip spreads with an even lower commission of up to $2.
worldtradex applies a minimum trade size for all its accounts of 0.01 lots (micro lot). They have mobile-optimized charts, multiple order types and facilitate one-click trading. There is a blog, an index of financial terms and a collection of research notes (both a subscription and a historical library). Also, similar to the copy trading service, there is no guarantee you will make a profit. It is useful if you don’t have the time or knowledge to make your own trades, though there is no guarantee you will make money.