Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-free Privilege account. A transparent MT4 broker with a balanced asset selection and quality education. Worldtradex’s MT4 platform is available on Windows and Mac and supports 52 languages, including English, French, Spanish, German, Arabic, Chinese, and more. After 12 calendar months of account inactivity, the broker charges a yearly inactivity fee of $50.
Regulation
For traders, this builds greater confidence, ensures a secure experience, and provides peace of mind when dealing with a regulated broker. Each asset class offers different trading opportunities and requires unique strategies to make profits. Some traders are good at trading shares as CFDs, while others are good at trading Forex pairs. With Worldtradex, you have access to more than 300 trading instruments that are categorised into 6 classes.
- Online accessibility to a forex trading platform is pretty straightforward these days.
- I appreciated Worldtradex’s investment in comprehensive educational materials and high-quality market research.
- Compliance by regulators also ensures order execution that is fair and is likely to deter price manipulation or slippage misuse.
- In order to open a live trading account, open the broker’s main page.
- Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations.
- The leverage level can be adjusted to suit the specific requirements of traders, allowing them to take control of their trading strategies.
These products may not be suitable for everyone and you should ensure that you understand the risks involved.
They provide traders with assistance when it comes to trading accounts, deposits, withdrawals, and more. Their customer team is knowledgeable and friendly and always willing to help traders with any issues they may have. Traders can contact the customer support team via email at , and they will reply within 24 hours. Our meticulously crafted trading environment encompasses competitive spreads, rapid execution, and a rich array of products, empowering our traders to navigate the markets with assurance. This reflects Worldtradex’s unwavering focus and dedication to offering a holistic and top-tier trading product. Our inception was fueled by the aspiration to present avant-garde trading software, harmonized with unparalleled trading environments.
See what reviewers are saying
Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters. Indeed, the curating, sourcing, and organization of this process requires substantial financial investment by Tradersunion.com, which the website earns in the form of advertising payments. There are two types of advertising services on the website — direct advertising or partner (broker) participation programs.
How do I deposit/withdraw money into/from a Worldtradex account?
The “TradingFinder” platform offers various services, some of which, like introductions, are free, while others, such as our specialized services, are provided for a fee or through a subscription. All Worldtradex account types are commission-free, with trading costs based solely on floating spreads, which start from 1.1 pips. Worldtradex offers the TradeCopier platform for both professionals and amateur traders. If you’re confident in your trading skills, become a strategy provider and let others copy your trade and earn up to 40% performance fees.
Supported transaction currencies are USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB, and HUF. Worldtradex converts deposits and withdrawals in other currencies to the account base currency at market rates. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face https://worldtradex.online/ today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor’s degree in Economics and International Relations.
How do I open an account with Worldtradex?
Essentially, the broker lends the trader money so that they can open bigger positions. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency. Among the financial service providers, there are fraudsters that we promptly report.
- While Tier-3 brokers are legally recognized, they offer the least protection and oversight, which can pose higher risks to investors.
- Worldtradex’s top priority is to ensure security and reliability for their clients as well as offering round-the-clock customer service for quick resolution of traders’ queries.
- The brokerage company supports automated trading through Expert Advisors on MT4.
- I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations.
- We are truly sorry to hear about the challenges you’ve faced and understand how inconvenient this must have been.
Some features and services may vary depending on where you reside. On the other hand, I assessed that spreads on a Standard Worldtradex account exceed the industry average, and it does not offer a raw spread trading account. This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices. Worldtradex maintains a competitive fee structure with zero commissions across all account types. Standard account exceeded my expectations… It doesn’t have a price, the account is completely free, but it also offers great trading conditions with tight spreads and zero commissions.
Are PAMM or MAM accounts offered?
Choosing to trade with Worldtradex is synonymous with aligning with a broker revered for its fairness and esteemed reputation. We ensure every client experiences uniform trading conditions, irrespective of their investment magnitude. Account verification is mandatory, as Worldtradex is a regulated broker with FSA oversight and must comply with strict AML/KYC requirements. Most traders will pass account verification by sending a copy of their government-issued ID and one proof of residency document. Worldtradex might ask for additional information on a case-by-case basis.
A trading platform acts as a pivotal software conduit enabling traders and investors to interact with global markets through brokers or other financial intermediaries. The diversity in trading platforms is extensive, ranging from desktop-based online platforms to mobile app variants. Worldtradex supports trading via the popular MetaTrader 4 (MT4) platform, which is available in both desktop and web-based versions.
Equity traders get a selection of blue-chip stocks listed in the US, the UK, and the Eurozone, where Czech companies pleasantly surprised me. I am missing ETFs and cryptocurrencies, but the range of assets at Worldtradex suits most retail traders and is excellent for Forex traders. The Fractional share dealing offer is ideal for smaller portfolios. Holding over 16 years of experience in global financial markets, and 4 B.A. Level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using…
Are there any bonuses or promotional offers?
Online accessibility to a forex trading platform is pretty straightforward these days. For those interested in the exciting world of trading CFDs and currencies, trading online is just a click away. With only a few clicks, traders can access the forex markets, speculate on currency pairs, and broaden their portfolios. That is why you should only invest money that you Worldtradex reviews are prepared — or can afford — to lose at such high risks. Tradersunion.com does not provide any financial services, including investment or financial advisory services. Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets.
However, when I asked about the broker’s margin call, the agent seemed confused and provided a ready-made answer that was not quite relevant to my question. Ultimately, he could not answer and told me to refer to my account manager. However, the website has a dedicated FAQ section for general queries. Agents respond within seconds to live chats and are generally knowledgeable. MetaTrader 4 is a good option for fast and simple order execution.
Hi Youssouf Mbodou,We are so glad to see that you are satisfied with our Worldtradex platform! Hi Jane,We are so glad to see that you are satisfied with our Worldtradex platform! Hello Pancrazio,We are so grateful that you took the time to write this excellent review!