The available accounts include Standard, ECN, VIP, and Swap-Free accounts. Each account type comes with its own features and requirements, including minimum deposit amounts, leverage options, spreads, and commissions. 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.
Popular Forex Guides
Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders. As mentioned earlier, worldtradex’s support for over 500 instruments, copy trading services through TradeCopier, and over 10k competition prizes are the main benefits of trading with this broker. The broker should consider releasing metatrader 5 platform to provide us with more charting and analytical tools more advanced. The platform is so easy to operate which is something I do not trade for anything and also it’s a good broker with great customer service.
Q: What is the STP/ECN account?
Clients across Europe and the UK are offered two types of protection – segregated client bank accounts and financial compensation if worldtradex fails to pay its customers. In the UK, the Financial Services Compensation Scheme (FSCS) guarantees compensation of up to £85,000, while in Cyprus, the Investor Compensation Fund covers up to €20,000. The broker is also regulated by the Australian Securities and Investments Commission (ASIC) and with this license, the broker is authorized to operate in Australia, New Zealand, and South Africa. worldtradex offers a variety of bonuses and promotions, which can provide new traders with additional capital to get started.
worldtradex processes payments in several different currencies and deposits in any other currency would be converted into the base currency of the client account. Accounts can be registered in USD, EUR, GBP, AUD, JPY, CHF, PLN, RUB, and HUF. The broker does not charge any fees for deposits and withdrawals and the minimum deposit than can be made is $250, although that varies, depending on the type of trading account one opens. worldtradex operates under the regulation of several financial authorities, offering a high level of security and protection for traders.
Trading Markets
Traders can deposit funds into their accounts via a wide range of payment methods, including traditional options such as bank wire and credit/debit cards. While credit card deposits are usually instant, transfers via bank wire may take up to 3 working days to appear in the trading account of the client. worldtradex offers trading on copper futures, as well as energy futures – US light sweet Crude oil, Brent Crude oil, and natural gas. Unlike hard commodities like metals and oil, soft commodities are typically agricultural products that are being grown rather than mined. The soft commodity futures on worldtradex include cord, wheat, rice, soybeans, coffee, cocoa, sugar, and cotton. worldtradex offers CFDs on popular indices, including DAX, S&P 500, Nasdaq, Dow Jones, Euro Stoxx 50, FTSE 100, France CAC40, and many more.
Indices
- Sure I would like to see a few improvements on the platform, but it is really darn fine.
- Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team.
- It’s always a good idea to plan and allow for potential delays, especially when using bank transfers.
- worldtradex has established itself as a global force in the online trading industry.
- The average spread cost for the EUR/USD pair is 1.2, slightly above the industry average of 1.08.
- In addition, the broker accepts several instant banking transfer services, which are available locally – Union Pay for Chinese customers, DotPay for Polish traders, etc.
The average spread cost for the EUR/USD pair is 1.2, slightly above the industry average of 1.08. With an average rating for commissions and fees, worldtradex provides a standard cost structure without significant advantages. worldtradex is a relatively small FX and CFD broker but it offers its clients access to global markets, various trading instruments, and average spreads. It is licensed by some of the largest and most respected regulatory bodies in the world and it does offer trader fund protection. It also allows multiple account management and free VPS hosting to those who deposit at least $5,000. It is also one of the few brokers on the market who have prepared various bonuses and promotions for its clients.
Margin requirements on index CFDs are as low as 1%, which means that traders who have a capital of only $100 can control a $10,000 position. There are a number of other benefits for those who wish to speculate on market indices – high volatility, low costs, and leverage, which gives traders more flexibility. Participating in financial markets involves high risk, which can result in the loss of part or all of your investment.
Once they try the demo versions of the accounts, they can register an actual trading account. There are several different types they can choose from – accounts are either Live or STP/ECN. With more than $3 trillion traded daily, the foreign exchange market or Forex is the largest financial market and the most popular option for retail traders.
worldtradex Broker Spreads and Commissions
In addition, the broker accepts several instant banking transfer services, which are available locally – Union Pay for Chinese customers, DotPay for Polish traders, etc. The same platform is also available for mobile devices and it can be downloaded for free from the App Store or Google Play. For instance, it has 3 types of charts, namely bars, Japanese candlesticks, and broken line, but it features only 30 of the most popular technical indicators. CFDs on indices give traders exposure to the global markets and great opportunities to profit from some of the most popular indices in the US, UK, Germany, China, etc. Indices represent the collective value of underlying publicly-traded companies. Additionally, the broker provides research tools such as daily market analysis, economic calendars, and technical indicators, which help traders stay informed and make better trading decisions.
- Besides, shares, especially when traded from long-term positions, are very stable and provide a reliable generation of profit.
- TradingFinder.com assumes no responsibility for any potential losses or damages.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- The cost of trading here is great, there are tight spreads with minimal slippages.
Q: What is the Institutional account?
Right now, trading feels like the only way to earn, with markets dropping so much. This platform is stable and support has been helpful every time I have reached out. The cost of trading here is great, there are tight spreads with minimal slippages. Another option is to use the WebTrader, which is the browser-based version of MT4 and it is fully synchronized with it. The web terminal is a modern, fast HTML5 application that runs on any computer system without the need to download any additional browser plug-ins and add-ons. Whether you need help with technical issues or have a simple question, worldtradex’s support team is there to assist you.
I can’ say that I used this broker’s service for real to know the difference. Anyway, I think with the variety that offer in many trading aspects, it makes them a good choice for any trader. The other alternative is to use the Personal Multi Account Manager (PMAM) but it is available only to professional traders and money managers. The platform allows clients to manage unlimited accounts but as we have said, it is designed for professional traders only. worldtradex gives its clients great exposure to global markets and industry-leading companies from the United States, Europe, the United Kingdom, and more. CFDs are available on shares by Walt Disney, Cisco Systems, Facebook, JPMorgan Chase & Co., HP, Apple, HSBC, eBay, Google, Lloyds, Samsung Electronics, Airbus, and many more.
This provides faster execution, more liquidity, as well as more accurate prices. STP (Straight Through Processing) execution does not include commission (the commission is within the spread) and these types of trades are forwarded directly to liquidity providers. Trading Worldtradex review on spot metals is similar to Forex trading – traders can speculate on the prices of precious metals, taking short or long positions.
While it offers a variety of trading instruments and platforms, its overall offerings and ratings are average in the competitive forex market. worldtradex offers several trading platforms, available for PC, Mac, and mobile devices. The options include the popular MetaTrader 4 and the Personal Multi Account Manager but the broker does not have a proprietary software platform. This may be a weak point for the broker but it should not bother traders, especially since MT4 is familiar to most of them. With CFD on shares, traders can invest in some of the largest and most successful companies in the world without actually owning any company stock.
The spreads on platinum and palladium are, of course, higher since palladium is not only 30 times as rare as gold but also more valuable than gold. The worldtradex mobile app is user-friendly and comes with essential features like real-time price updates, one-click trading, and access to account management tools. The app has received good reviews on both the App Store and Google Play, making it a reliable choice for traders who prefer trading on their mobile devices. It offers beginner education videos and general education on forex and CFDs. Based on its rating for education and beginners, it provides an average educational experience. worldtradex offers several types of live and demo accounts, which means that traders can test the various features and functions of the different accounts without investing real money.
The broker is regulated by entities in multiple countries, which ensures that it adheres to strict standards of conduct and financial practices. It also provides negative balance protection to safeguard traders from incurring losses beyond their initial investment, which is particularly useful for beginners. Founded in 2014 and acquired in 2021, BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices. With an average recommendation, it provides essential trading tools and a variety of tradeable instruments but does not stand out significantly from its competitors. With STP or ECN accounts, clients’ orders are not processed by the dealing desk and are instead forwarded to the interbank market.
