As part of our worldtradex review, we review customer service options, response times and problem resolution effectiveness on the worldtradex trading platform. The worldtradex trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian. However, if you’re looking for a broker that does offer cTrader, you can explore other options available through the provided link. Please be aware that worldtradex does not currently support the MetaTrader 5 (MT5) trading platform. However, if you’re looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.
- He earned a Bachelor’s degree in Economics and International Relations.
- At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.
- worldtradex’s MT5 platform is available on Windows and Mac and supports 39 languages, including English, French, Spanish, German, Arabic, Chinese, and more.
- The service is available for free to accounts with a funded and maintained balance of at least $2,500 that also achieve a monthly traded volume of at least 30 lots.
- To see a list of the top MT4 brokers, see our comparison of MT4 brokers.
Cost Structure and Fees
A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. According to worldtradex’s LinkedIn page, the broker employs between 11 and 50 professionals—a typical size for a company of its scale. worldtradex’s market news section is infrequently updated, and its market analyses generally lack cross-market insights into major economic trends.
With no minimum deposit required, the account is also highly accessible and budget-friendly. Whether you are facing technical issues, account-related queries, or need help with your trading platform, worldtradex’s support team is prepared to assist promptly. While the broker does not offer phone support or automated bots, the availability of live chat and email ensures that most issues can be resolved quickly and effectively.
Eleven eBooks complete the education at worldtradex, and the overall product remains impressive. worldtradex offers beginner traders a sound educational offering from where traders can expand. While an interactive course or videos are not available, the existing content provides a well-thought-through introduction to trading.
Brokers By Licenses
On the downside, worldtradex’s high fees for most withdrawal methods are a disadvantage. The $30 – $45 charges are way above brokers such as eToro, which only charges $5, and many brokers we evaluate that offer free withdrawals. With MetaTrader 4 WebTrader and MetaTrader 5 WebTrader, you can experience the full power of the MetaTrader platforms straight from your web browser without the need to install any software. Both versions offer a seamless, responsive interface, providing ultimate flexibility for traders who need instant access from any device with internet connectivity. worldtradex’s ‘No Dealing Desk’ execution model comes with no dealer intervention and no re-quotes.
worldtradex Deposits and Withdrawals
Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose. worldtradex offer educational resources which include Blogs, Market Analysois.
Its competitive spreads, no trading commissions, and lack of a minimum deposit make it accessible to both beginner and professional traders. With a focus on forex and CFDs, worldtradex provides a range of tradable instruments, though the absence of stock trading may be a limitation for some. Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees.
- The account stands out as a competitive option for traders of all experience levels.
- The most notable is its ECN XL account, which provides spreads starting from 0 with no trading commission, a rarity in the industry.
- If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase.
- Trading with worldtradex involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing.
Is worldtradex regulated?
While bank transfers could take longer, e-wallet transactions usually take one hour, and deposits are handled rapidly. worldtradex enables accounts to use USD, EUR, and GBP, among several currencies. This adaptability serves a wide range of traders, improving the user interface. All things considered, worldtradex’s deposit options enable effective fund management, making it available to new and seasoned traders. Mostly concentrating on forex and CFDs, worldtradex provides a range of tradable assets that might suit many traders who prefer trading of Forex.
Also, always consider worldtradex rollover or overnight fee as a cost, which is charged on the positions held longer than a day defined by each instrument separately. Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible. Overall, strict financial regulation is essential for ensuring that trading platforms like worldtradex operate fairly, transparently, and responsibly, which ultimately benefits all worldtradex stakeholders involved. The effect of leverage on profits and losses magnifies them in both directions. In other words, worldtradex leverage profits and losses are magnified when trading. For instance, using CFDs, you use the worldtradex trading platform to buy/sell $10,000 worth of Apple Computer Inc.
Education and Tools
As a broker regulated by CySEC, MiFID, and MISA, it complies with stringent industry standards to protect traders. worldtradex utilizes two-factor authentication (2FA) to prevent fraud and secure accounts, adding an essential layer of protection for all users. Furthermore, the broker ensures that client funds are stored in Tier 1 banks, safeguarding these assets from potential risks. This commitment to security helps to instill confidence in traders who seek reliability and transparency.
All information on this website represent subjective views of the authors and they https://lunarcapital.world/ are solely informational. The operator of the website or the authors of the articles do not bear any responsibility for any decisions that visitors may make after reading articles published on the TradingBeasts website. When you trade Forex, CFDs or other financial instruments you are exposed to a high risk of loss.
Additionally, worldtradex provides educational resources, including webinars and tutorials, to support traders at all levels in enhancing their trading skills. For traders prioritizing low-cost forex and CFD trading with a trusted broker, worldtradex is a strong contender. However, those seeking more diverse markets or advanced platforms may want to explore other options. Whether your new or an experienced trader, a risk free demo account is a great way to experience the benefits of ECN trading with worldtradex.
Does worldtradex provide VPS?
It is common to experience rapid losses when trading financial investments like Forex trading, CFD trading, Share Dealing due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time. worldtradex offers a comprehensive range of tradable instruments, including major and minor currency pairs, commodities, indices, and metals. This diversity allows traders to build diversified portfolios and explore various market opportunities, catering to both short-term and long-term trading strategies. worldtradex is a reliable and well-regulated broker that focuses on providing transparent and cost-effective trading conditions. Its ECN/STP execution model and competitive pricing make it appealing to both retail and professional traders.
worldtradex Trading Fees
However, its dated and rugged design is inferior to newer and sleeker platforms. As a trader who prioritizes flexible charts that are easily scalable, I find MT5’s charting capabilities too rigid and less effective. I opened an ECN XL account with the Central Clearing Ltd entity and performed my tests on the desktop and mobile versions of the MetaTrader 5 platform. Still, if low fees and fast execution are what you’re after, worldtradex could be just the broker for you. Opening an account with worldtradex is a straightforward process designed to get traders started quickly.
Recent Comments