He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages.
The worldtradex customer service desk is open 24 hours a day, Monday through Friday, at the same time as the markets are open. Traders can reach out to representatives in several departments throughout the globe by email or phone. I think they could improve by offering support on weekend like competitors such as worldtradex do. worldtradex Group offers a good variety of asset classes to trade CFDs on forex, stocks, commodities, indices, precious metals and energies.
- The worldtradex customer service desk is open 24 hours a day, Monday through Friday, at the same time as the markets are open.
- Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs are all available on worldtradex.
- And finally, worldtradex Broker also enables trading with metals such as silver and gold.
- Detailed information on the worldtradex trading platforms is available on their website.
- This structure provides an added layer of protection and reinforces the broker’s commitment to safeguarding trader assets.
The proposal is clear, there are no hidden fees or uncertain conditions offered which is another plus showing Broker is good for long-term trading. worldtradex operates primarily as a market maker broker, maintaining its own dealing desk to execute client orders internally. This model allows worldtradex to set its own bid/ask spreads, which may vary, and act as the counterparty to client trades. However, worldtradex is regulated by multiple authorities that oversee its practices, providing a level of oversight and protection for traders.
Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms. He is an expert in Compliance and Security Policies for consumer protection in this sector. Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings.
The broker provides Ultra Low and Zero accounts, with a minimum deposit starting at $5. Operating in 190 countries and holding licenses from CySEC and FSC, worldtradex Group ensures secure transactions. Notably, worldtradex stands out for its execution speed, completing 99.35% of trades almost instantly, with spreads starting from 0.6 pips and leverage varying by region. Based on our extensive research and methodology, our expert team has rated worldtradex an impressive 9.3 out of 10. worldtradex Global Limited has many years of experience in the financial industry, providing traders with a great range of trading products and services at very low prices.
Mobile Offering
The broker also offers a free VPS service for those of you who want to run your trading platforms remotely. At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
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There is full access to the real-time market prices, 100% execution guaranteed with no rejection of orders and no re-quotes. worldtradex’s Demo account gives traders the chance to practice and upgrade their trading skills in a risk-free environment, replicating real trading conditions. This account mimics live trading conditions on popular third-party solutions such as the MT4 and MT5. On the other hand, experienced traders could use this account to test new strategies without risking any real funds. worldtradex’s offerings include multiple account types, each designed to cater to various trading needs and experience levels. Whether you’re just starting out or looking to scale your trading activity, worldtradex strives to provide a balance between user-friendly interfaces and competitive trading conditions.
Educational Resources and Support
So you may access worldtradex trading just by the use of the browser and login to worldtradex Web Trading, valuable for traders who prefer simlicity and clear layouts. Spreads at worldtradex are based on the account settings, you may find spread as low as 0.6 pips on its Ultra Low account, suitable for intraday trading. On accounts like Micro and Standard, spreads are higher, starting from 1.6 pips, with the EUR/USD average spread 1.7 pip. Trade instruments and the market situation will affect spreads too, while overall rate is higher than the industry average of 1.2 pips. Besides, one of the advantages you will get as a trader is Negative Balance Protection, so there is no risk of losing more than the available balance. Additionally, worldtradex takes measures to protect client funds by storing them in segregated bank accounts across various locations.
Currencies accepted for deposits/withdrawals
Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities. Stocks, currency and other commodities and instruments will be brought or sold by worldtradex even if no buyer or seller is lined up. Please note that the list of payment methods below depends on the worldtradex Entity and the client’s Country of Residence. After extensive research over several years, we have compiled a list of the most effective worldtradex alternatives available today. If you are unsatisfied with worldtradex or want to explore other options, we recommend checking out our carefully curated list of highly-rated worldtradex alternatives.
Trading is in CFD form which caters to more active traders looking to sell short as well as to buy-and-hold and apply leverage to their trading. The worldtradex Broker team decided to concentrate directly on providing active trading services. Constantly improving platform technology and data transfer, worldtradex Broker has been able to achieve good results in this direction. This means that worldtradex Group has direct access to liquidity and can provide traders with the best quotes. The company guarantees an almost complete absence of slippage regardless of market volatility level and a competitive market https://worldtradex.club/ spread in moments of sudden price movements.
Forex Trader’s Viewpoint
Both platforms are available in desktop, mobile (iOS and Android), and WebTrader versions, allowing trades to be executed from anywhere. One notable fee for less frequent traders is an inactivity fee of $15, charged once after one year of no activity. Following this, a monthly fee of $5 applies if the account remains inactive. worldtradex’s trading fees are reasonable having come down in recent years, but they can still be bettered by some day trading brokers, notably IC Markets and Fusion Markets. To deposit funds and start trading, I had to complete the standard KYC procedure by submitting Proof of Identity (POI) and Proof of Residence (POR).
Review Methodology
- It has some of the lowest fees in the industry, provides excellent research and education, and has a beginner-friendly trading app.
- Established in 2009, Australia-based worldtradex has a proven track record as a reliable broker.
- worldtradex offers a reliable customer support system with a variety of communication channels, designed to assist traders efficiently throughout the trading week.
- Financial regulation and licensing are crucial for creating a secure trading environment for worldtradex traders.
- They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their worldtradex clients’ funds.
Very clean charting and analytical process is so easy with the webtrader. There is always enough volatility even for non major pairs which is a great plus for a broker. The platform is easy to use, my Worldtradex review deposits and withdrawals are usually without major stress, and spreads are competitive. I find that the experience gotten here is that of a well-balanced one.
worldtradex Metatrader Mobile Application Features
The broker also has a solid presence on social media platforms, with profiles on Facebook, Instagram, X, YouTube, LinkedIn, and Tik Tok. If you are a retail trader in search of a broker that focuses on stocks and forex, then worldtradex should certainly be worth your consideration. With negative balance protection, excellent research and educational content, and responsive customer support, worldtradex stands out as a strong choice for beginner traders. Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to 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.
worldtradex offers three types of account – Micro account, Standard account, and worldtradex Zero account. The Micro account is suitable for new traders that just start with forex and want to get deeper knowledge or just understand what the product is. On the other hand, the worldtradex Zero account is an account that has been designed for experienced traders who are searching for more competitive conditions for trading. You could see a comparison between the different accounts in the table below.
worldtradex has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, worldtradex will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like worldtradex, you can enjoy peace of mind and focus on your trading activities.If worldtradex violate any regulatory rules their regulated status could be stripped.
