A Complete worldtradex com Forex Broker Review Forex Brokers Review

To suit different trading tastes, the broker provides over 1,000 trading products, including stock CFDs, precious metals, and 55 currency pairs. worldtradex stands out as a trusted platform, offering a secure trading environment backed by its status and conditions favorble to trading preferences, flexibility of platforms and available extra features. In conclusion worldtradex Review is a well-regulated broker with numerous highly respected licenses that delivers truly transparent conditions and is an extremely customer-friendly broker. No re-requotes and no hidden fees or commissions policy, as well Negative balance protection definitely a plus. worldtradex, founded in 2009 and based in Cyprus, is a regulated online broker serving over 10 million clients worldwide. The company is overseen by multiple regulatory authorities, including CySEC (Cyprus), ASIC (Australia), FSCA (South Africa) and DFSA (Dubai).

To qualify for the free VPS, they will also take in to account any other trading accounts you may have registered that use the same email address. I think it is great for finding trading signals and can save you hours by automatically scanning the markets on your behalf. It is also a great solution if you don’t have the knowledge or experience to decide which way the market is moving. There aren’t many brokers who offer Autochartist to you, although GO Markets do. worldtradex Group monitors the latest industry trends to keep up to date with innovative technologies and to be able to adapt to clients ever-changing and demanding needs.

The phone support is also great and you can access it in various languages. You have to provide your name, country of residence, phone number, and email address. All the information provided should be accurate because it can help you secure your account or reset your password when necessary. You will not be charged a fee for opening an account on the platform.

Markets Available for Trade

• These fees can vary depending on the instrument and market conditions.
• There are 25+ payment methods available to help you finance your account or request withdrawals, and the minimum deposit to open an account with the broker is $5.
• IG Markets is a highly trusted, well-established broker that offers zero commission on UK and US shares.
• Unfortunately, worldtradex doesn’t hold a good reputation among clients on Trustpilot.
• This experience combined with strict regulation and customer service in over 30 languages makes them one of the best forex brokers for traders from all different backgrounds and levels of experience.
• To open an Islamic account, traders must first create and verify a regular account, then request the Islamic option.

It is possible to make deposits in other currencies outside these listed but there will be exchange fees. Here at Forexbrokers.net, we take pride in helping our readers find the best possible financial service providers and avoid fraudsters. We have a team of experienced professionals dedicated to providing accurate and up-to-date information.

Trading Platforms

worldtradex charges an inactivity fee if an account remains inactive for twelve months. In this case, a one-time account maintenance fee of 15 USD (or the equivalent in another currency) is charged, followed by a monthly fee of 5 USD for each month of inactivity. The broker reserves the right to change the inactivity period at its discretion, making it essential to regularly monitor the account status. Here is a table of average spreads and swaps for major currency pairs on worldtradex’s Standard account. worldtradex introduces a new and exciting element to the trading world – Forex contests.

Forex Risk Disclaimer

You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money. worldtradex offers crypto trading to all its clients except for those based in the United Kingdom. That’s because FCA doesn’t allow brokers to offer crypto derivatives to UK citizens. Clients can also earn a commission of up to $35 for spreading word of mouth. However, the referral commission is transferred to your account only when your referee opens an account with the broker, deposits some funds and trades a specific amount. Clients also criticised the broker for its high spreads & commissions and poor customer support.

How To Open An worldtradex Real Account Step-By-Step

worldtradex may charge overnight financing fees for holding CFD positions overnight. These fees can vary depending on the instrument and market conditions. worldtradex offers a low barrier https://worldtradex.pro/ to entry, enabling traders to commence with a modest initial investment,starting from just $5. worldtradex also offers worldtradex TV, podcasts and news feeds from Reuters, an Economic Calendar, along with YouTube Shorts and daily technical stories.

• The instrument selection is favorable too for those prefer good diversification, not thousands like coompetitors but still good.
• This swap-free option is designed for traders adhering to Sharia law.
• Beneficial in rapidly moving markets, the platform features a one-click trading capability that lets trades be quickly executed.
• It supports algorithmic trading solutions, features 100+ templates, and a Development Studio using the C# coding language.
• The loyalty program is automatically available to all real account holders, and there is no need for additional registration.

The app includes real-time alerts, charting tools, and secure login options like fingerprint and face recognition. However, brokers like IG or CMC Markets provide more options for those seeking a broader variety, particularly in stocks and cryptos. BlackBull also offers a superior range of overall trading opportunities, with over 26,000 instruments available to suit various trader preferences. I expected worldtradex to offer a dedicated account type for experienced traders with substantial trading volume or portfolio size. Unlike ActivTrades, which provides professional accounts with benefits like higher leverage, reduced stop-out levels, and dedicated account managers, worldtradex caters primarily to a broader range of traders. worldtradex provides a range of investing options, mostly emphasizing active trading above passive investment choices.

worldtradex Ultra-Low Account

These contests allow novices and experienced traders to test their skills, compete with others, and win valuable prizes. Islamic accounts fully comply with Sharia laws and do not include swaps or interest for carrying positions overnight, making them an ideal choice for Muslim traders. The verification process at worldtradex Group broker is relatively simple and does not require many documents.