Dealing desk brokers can manage the risk of their clients’ trades in two ways. They can keep it in-house (and therefore effectively take the opposite side of the trade), or they can push the risk out to liquidity providers. There is no way of knowing how much risk a dealing desk broker such as worldtradex would take on. There is no way of knowing how often, if at all, worldtradex trades against its clients. By creating an account with worldtradex, traders join an award-winning broker, with an enviable track record of industry awards, including for forex brokerage services, platforms, and other accolades. The broker also has a solid presence on social media platforms, with profiles on Facebook, Instagram, X, YouTube, LinkedIn, and Tik Tok.
The broker prides on 10.3+ billion trades executed with zero requotes or rejections. worldtradex Group offers free comprehensive education and research tools for traders including Analyzzer signals, daily technical analysis, market research and daily market commentary. In our opinion, the withdrawal hierarchy process may cause confusion, leading to some of the dissatisfaction, delays, and payment issues mentioned in some of the client reviews. However, in our experience the receipt of funds for the withdrawal to our debit card was within 24 hours. The key point is that you must follow the withdrawal hierarchy for the deposit methods you have used before selecting any other withdrawal option.
Withdrawal Methods
Use your Demo Account and test your trading strategies risk-free with virtual funds in a simulated environment. Whether you’re a desktop or smartphone trader, MT5 is just a few clicks away. The history of growth and stability over the 15+ years of trading gives us confidence in worldtradex. Although it is not a public company or has a bank attached, we believe they have a strong track record. worldtradex TV is a great addition for videos whilst podcasts are also now on the site. worldtradex has also really put the effort in when it comes to Research and Education.
Commissions
They provide support 24 hours a day from Monday to Friday and 18 hours over the weekend via email, phone, and chat. In certain regions worldtradex Global offers copy trading, allowing traders to follow and copy the strategies of other traders directly. Additionally, there are live trading education sessions, video tutorials, and platform guides for both beginner and advanced traders. Our overall experience trading on worldtradex has been positive, with consistently fast execution on trades. worldtradex is a broker that has been around since 2009 and now employs more than 300 people. They have a diverse offering of instruments, which caters for the needs of their users in an adequate manner.
Inactivity Fees
They are based on “tom-next rates”, or the interest rate differential between the two currencies involved. However, with the zero spread account, you will pay $3.5 commission per 1 lot (100,000 units) traded per side. This commission is paid when you open and when you close the position, totaling a $7 commission per round trip. worldtradex generally offers competitive minimum spreads, especially on major pairs like EUR/USD and GBP/USD, but is occasionally outperformed by IG Markets and AvaTrade on some instruments.
- We like the zero fees that you get on deposits and withdrawals (except for wires below $200).
- worldtradex does not appear to offer STP (Straight Through Processing) or ECN (Electronic Communications Network) trading accounts.
- While both worldtradex entities provide a comprehensive range of trading options, specific offerings may vary due to different regulatory requirements.
- Trade with full flexibility on one of many platforms, including the worldtradex App.
- Specific terms and conditions apply to these incentives, with clients being able to opt out of the bonus scheme whenever they wish.
As they are completely reliant on MetaTrader platforms, those familiar with the sector can easily utilize the broker as it is similar to a lot of other offerings out there. When it comes to withdrawing from worldtradex, most options will have your withdrawal processed within 24 hours without having a minimum required withdrawal. If you are withdrawing via a bank transfer, then you will have to wait between 2 and 5 business days for it to be processed and there is a minimum withdrawal of $200 in place. You have access to virtual trading, but those using mac desktop computers will not be able to run this trading platform optimally.
Company
They have a decent welcome bonus, matching your first deposit 100% up to a max bonus of $5,000. Lower overall spreads can be achieved by worldtradex as they are the sole dealer in every single trade. worldtradex was first started back in 2009 in London and now they have an offering of more than 400 different instruments. Watch our educational live webinars and upgrade your trading skills with our worldtradex experts. Trade with full flexibility on one of many platforms, including the worldtradex App. Buy and sell the most liquid currencies, like EURUSD, 24/5 with market-leading execution and conditions.
Anything above this amount should be transferred via bank wire or e-wallet. Specific terms and conditions apply to these incentives, with clients being able to opt out of the bonus scheme whenever they wish. Based on customers’ deposits, the broker offers a 50% bonus plus a specific percentage of the amount being deposited.
Across its Standard and Micro accounts, worldtradex generates profit from the spread rather than commissions. In contrast, worldtradex’s Zero account features zero or very low spreads plus a commission on every trade. Depending on the worldtradex entity traders register with, the broker supports several account options, designed to suit all preferences. Micro accounts are best suited for beginners or traders with smaller balances, as they limit position sizes, while Standard accounts allow for larger trades. worldtradex provides a variety of account types tailored to different trading needs and experience levels, with availability depending on the regulated region.
For example, if you have not used a credit card or a crypto account for deposits, you do not need to create one for withdrawals. You can proceed with the next available method in your withdrawal options, which could be an e-wallet or bank transfer, depending on your previous deposit methods and worldtradex’s policies for your region. Deposits into worldtradex trading accounts can be made in various currencies, including USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR and USDT.
The Learning Centre hub is another area of the site for traders to learn their craft. We are impressed with the selection https://lunarcapital.vip/ of educational videos, platform tutorial videos, whilst the worldtradex Live video feed is a service you will very rarely see with rival brokers. Some brokers will charge for additional withdrawals in a month, regardless of the method.
worldtradex Global offers a similar selection of instruments and provides higher leverage options in some instances. It includes more than 50 cryptocurrency CFDs available only in regions regulated by the Financial Services Commission (FSC) of Belize. While both worldtradex entities provide a comprehensive range of trading options, specific offerings may vary due to different regulatory requirements.
- Explore the global currency markets with uninterrupted trading opportunities.
- worldtradex offers easy access to nearly 1,400 tradable instruments, across several asset classes, including Forex, Stock CFDs, Commodities, Equity Indices, Precious Metals, Energies, and Thematic Indices.
- Looking also at the number of base currencies available, there are 11 to choose from.
- Watch our educational live webinars and upgrade your trading skills with our worldtradex experts.
- Across its Standard and Micro accounts, worldtradex generates profit from the spread rather than commissions.
Test your trading strategies risk-free with virtual funds in a simulated environment. Access all the same features as a real worldtradex account, including MT4/MT5 platforms, trading tools, and market analysis. worldtradex does not appear to offer STP (Straight Through Processing) or ECN (Electronic Communications Network) trading accounts. So there is no Direct Market Access and it means that worldtradex can set the price that traders receive. worldtradex’s Demo account gives traders the chance to practice and upgrade their trading skills in a risk-free environment, replicating real trading conditions.
In line with anti-money laundering regulations, traders must use the same withdrawal method as the one used for depositing. There is also a withdrawal priority procedure if you have funded the account by different methods. If you have deposited via a credit/debit card, then the withdrawal back onto the same card, can cover the deposit amount.
The website is jam-packed with content to give traders the most assistance they could ask for on their journey. MetaTrader 4 (MT4) – is good for charting, technical analysis indicators and translates very well across your devices, meaning desktop, tablet and mobile versions interact very well. With worldtradex, inactivity charges kick in after just 90 days (i.e. 3 months) of the account being dormant. We consider six months or sooner to be bad, whilst 18 months and above is generous. The following table shows how worldtradex measures up against some of its rivals across the most widely traded forex pairs.
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