The verification process is a standard step in opening a trading account and aims to ensure security and compliance with legislation in anti-money laundering. The broker is interested in the trader’s experience and skills in online trading. However, there is no need to worry because you can call them and talk to a customer service agent if that does not work.
How many clients trust worldtradex Group globally?
- Besides, worldtradex is one of the Brokers that operates more than a decade and is quite well-established and known for transparency brand in trading environment.
- With free webinars, daily market analysis, and live sessions such as “Forex Power Hour” and “US Market Open Hour,” traders can learn at their own pace.
- worldtradex forex broker offers rapid market execution along with a no re-quotes/rejection system on both platforms.
- Both brokers offer nearly identical trading fees with volume-based rebates for active traders.
- Having regional offices in Greece, Cyprus and Australia, the company serves clients worldwide.
- Each account includes negative balance protection, hedging capabilities, access to an Islamic (swap-free) option, and a demo account for practice.
While both worldtradex entities provide a comprehensive range of trading options, specific offerings may vary due to different regulatory requirements. Options, bonds, and ETFs are not available on either platform. worldtradex is a good choice for beginner and intermediate traders, especially since you can start with just $5, use demo accounts to practice, and have lots of additional resources. While it’s a strong platform, improving some of the issues highlighted by users would make it even better for new traders.
Those looking for tight spreads may prefer signing up for the Zero account at worldtradex. While the minimum spread in the zero accounts is 0.0 pips, the broker also charges a commission of up to $7 per round trip on trading stocks and currencies. All other features stay the same as offered in the Standard account. Except for a zero-spread account, the broker doesn’t charge a commission from clients.
BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you. BestBrokers.com does not assume liability for the financial losses our readers can potentially incur while trading with the online brokers we shortlist. Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk. It is, therefore, unsuitable for those who lack proficiency and sufficient experience. We like the fact that worldtradex does not charge any fees or commissions on withdrawals across payment methods.
The diversity of markets and products makes worldtradex appealing to traders of various levels and interests, offering flexibility and opportunities for different trading strategies. However, it should be noted that the Standard account has above-market average spreads and swaps. This could make the Ultra Low account attractive to traders seeking minimal trading costs.
Trading Real Stocks:
Overall, worldtradex offers a quick and easy withdrawal mechanism for its users. worldtradex Broker is one of the top choices in global brokers, however their asset coverage is rather limited. Through the CFDs, traders can speculate on indices, commodities, currency pairs, and other financial instruments. For traders who are looking to level up their trading game, we suggest scammed by Worldtradex this article on counter trading.
The good thing that we like is worldtradex’s zero fees on deposits & withdrawals, while some other brokers charge high fees during funding & withdrawals. worldtradex Group’s mobile trading apps are reliable, with a strong rating. They support both MetaTrader 4 and 5, making them a highly recommended choice for mobile trading. One of the attractive aspects of trading with worldtradex Group is the low entry threshold for novice investors and traders. Client accounts are segregated, meaning client funds do not participate in operational transactions and are kept separate from the broker’s money.
Account Types and Minimum Deposits: 4/5
Fees across all offered asset classes we find similar to other brokers who mainstay on average Fee conditions. Potential negatives, meanwhile, include inactivity fees, a small product range, and unavailability for American traders. The live accounts allow you to trade with micro or standard lots, access MT4/MT5 with expert advisor trading, and get free regular intra-day market updates and technical analysis.
- worldtradex has grown into a globally trusted broker, serving millions of traders in over 190 countries.
- Both accounts are commission-free and offer swap-free options.
- Forward contracts can be customized, while futures contracts are set by a standard agreement.
- From the experts, worldtradex is recommended as forex and CFD trading top choice.
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Furthermore, numerous articles provide in-depth information on various trading issues and general industry standards. Customers who learn best in a live setting have access to complimentary webinar training. Notably, Market Pulse and Strategy Builders are the recent addition to the broker’s educational facility.
With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices. Yes, worldtradex offers a demo account that allows traders to practice and familiarize themselves with the platform without risking real money. worldtradex offers you a selection of accounts with a low minimum deposit so you can get the best out of everything they have. Any trader who is sufficiently trained/experienced in the market can quickly identify which of the accounts they will most likely benefit from. In terms of research, worldtradex offers its clients access to technical analysis tools, an economic calendar, and a section dedicated to research and education alone. One downside is that they do not have fundamental data for those who may need it.
They are a well-regulated firm, ensuring high standards in terms of transparency and compliance. worldtradex Broker’s primary regulation is under (CySEC), with registrations for outward passporting in a number of countries. A variety of charts displayed in a window on the right side of the screen provide insight into market data. Clients can view underlying instruments in 9-time frames on MT4 and 21-time frames on MT5 to better understand their price direction and make informed trading decisions. The real-time status of the market is displayed in the top left panel, allowing traders to monitor market activity while using the navigation window. However, crypto CFDs aren’t available to UK clients amid FCA restrictions.
They are more relevant than the phone or live chat answers, which can be vague at times. To reach worldtradex customer service, you will need to use telephone numbers, email, or their live chat function. Sometimes, you will not get the best answers you are looking for. All of these regulatory agencies are from first-world countries with strong law enforcement measures in place. When trading with this broker, you will not have to worry about safety. We also found out during this worldtradex review research, that the broker is more widely regulated.
They’re regulated by CySec, ASIC, and FSC, as well as DFSA, all of which are highly reputable authorities. For traders, the value of these regulation and licensing credentials can’t be overstated. worldtradex Brokers ensures traders that their funds are safeguarded and that the broker is acting with integrity and transparency. worldtradex’s proprietary trading platform refers to the company’s mobile trading app that is available to download from Google Play Store and App store.
So, the same as we do, you will enjoy its look and functions offered. As we conclude our worldtradex Broker review, we hope you’ve gained a comprehensive understanding of its strengths and weaknesses. It’s a highly reputable broker, with strong regulatory oversight, They offer competitive pricing, with low minimum deposits.
worldtradex’s commitment to providing a robust trading experience is evident in their diverse range of instruments and excellent educational materials. I feel well-equipped to navigate the markets and enhance my trading skills. I appreciate the variety of instruments available on worldtradex’s platform. Their platform is efficient, and their educational resources are invaluable for improving trading strategies. I highly recommend worldtradex for their wide selection of trading instruments and user-friendly interface. Yes, worldtradex Group offers the Shares Account, which allows you to buy and sell shares directly, with a minimum deposit of $10,000.
When we perform a comprehensive review, we like to acknowledge that choosing a broker isn’t a one-size-fits-all process. However, there are reasons they might not be the ideal fit for your trading goals. Asset coverage is the weakest area we can find for worldtradex Brokers. However, traders who are only interested in forex or CFDs won’t be affected by this limitation.
