The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing https://worldtradex.pro/ reliable information for all of the brokers that we review. WorldTradex could offer more in terms of trading tools and reduce or eliminate its withdrawal fees, but these are minor complaints. I rate WorldTradex’s customer service as top-notch in terms of responsiveness and speed. The multilingual support team responded very quickly to my queries over live chat, never taking more than 30 minutes to get back to me. I also find the FAQs section on the website a useful way to solve basic queries.
WorldTradex minimizes non-trading fees, offering a highly transparent fee structure. The broker does not charge any fees for inactivity or deposits on certain account types, allowing traders to maintain and fund their accounts without worrying about hidden costs. However, some account types may have minimal fees based on trading volume or specific services. Potential withdrawal fees may apply depending on the withdrawal method chosen, which will be detailed in a separate section.
Trading Instruments
This program provides access to high-speed servers and uninterrupted trading through Virtual Private Server (VPS) hosting. By minimizing latency and enhancing order execution speeds, the VPS Sponsorship Program ensures that automated strategies operate smoothly and efficiently, maximizing trading performance. These bonuses offer additional funds based on the amount deposited, enabling traders to increase their trading capital and potentially enhance their trading outcomes. WorldTradex frequently updates its deposit bonus offers to align with market trends and trader needs, providing ongoing opportunities for enhanced trading capacity. WorldTradex provides assistance to trading clients via its 24 hour Monday through Friday multilingual customer support service that features dedicated account managers. The broker also has a live chat service and an online form you can fill out, as well as a support email address, fax and phone number.
- By continuously updating its security protocols, WorldTradex guarantees a secure trading environment for all its users.
- The broker’s no dealing desk (NDD) execution model also prevents re-quotes and involves no dealer intervention in your trades.
- WorldTradex guarantees fast trading speeds from a few milliseconds and WorldTradex has more than 5000 registered clients to date.
- Furthermore, controlled by the Cyprus Securities and Exchange Commission (CySEC), WorldTradex offers a degree of security very vital for new traders joining the market.
- That said, this broker does implement negative balance protection across both EU and offshore entities, unlike alternatives such as Fusion Markets.
- All content on this site is for informational purposes only and does not constitute financial advice.
WorldTradex provides quality trading conditions for traders who focus on MT4 trading and mainly Currency Pairs provided with low costs. WorldTradex maintains a transparent and straightforward fee structure by primarily charging competitive spreads, with minimal or no additional fees such as commissions or overnight swaps. Unlike many other brokers, WorldTradex does not impose non-trading fees, including withdrawal or inactivity charges, depending on the account type. This transparent approach ensures that traders only need to consider the spreads when calculating their trading costs, simplifying expense management without the worry of hidden fees or unexpected charges. Below, we will explore these fees in more detail, helping traders understand how they might impact overall profitability. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
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Additionally, WorldTradex provides real-time market data, advanced charting tools, and comprehensive research reports to assist traders in making informed decisions. You get free access to the MT4 trading platforms along with educational materials and useful trading tools to enhance your trading experience further. Indices trading is another key offering at WorldTradex, allowing traders to gain exposure to the performance of entire stock markets through major global indices.
If an important news event occurs, such as a key economic data release, the EUR/USD dealing spread can widen considerably depending on how much market volatility the event causes. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the ECN XL account. Here is a screenshot of the WorldTradex quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.
Bonuses and Promotions:
Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.
- Also, an additional International entity WorldTradex serves is located in St. Vincent & the Grenadines and newly established Nevis and Mwali branch in Comoros.
- Everything was okay, yeah sometimes I made fatal mistakes, but as I learned, traders should never give up, so do I.
- Similarly, the ‘Market Analysis’ section had a focus on just three currency pairs during testing which is not wide enough in my opinion.
- WorldTradex enables accounts to use USD, EUR, and GBP, among several currencies.
- One of the most ignored trading costs is swap rates on leveraged overnight positions.
WorldTradex ECN XL Account
If this is a concern for you, there are brokers like WorldTradex who do offer 24/7 client support and crypto trading. The broker’s customer support team are available 24/5 from Monday through to Friday. They can provide answers to all of your general, technical, and account-related inquiries.
However, this is still a powerful platform that will provide everything needed for experienced traders to conduct technical analysis while also being intuitive enough for beginners to pick up easily. The market-leading MetaTrader4 trading platform for PC, SmartPhone, and tablets is supported by WorldTradex. The risks involved may lead to incurring damage or losses that exceed the initial deposit of the trader. Should traders deem it necessary, they should consult independent professionals for additional advice before making decisions that may lead to loss or damage.
For those interested in less conventional markets, exotic pairs like USD/TRY and EUR/ZAR are also available. WorldTradex offers competitive spreads and flexible leverage options across all forex pairs, catering to both short-term traders and long-term investors looking to diversify their portfolios in the global currency markets. The WorldTradex Trader Mobile Platform offers traders full access to all trading instruments and tools without the need for any downloads. Accessible through any browser, it provides a seamless trading experience regardless of the operating system you’re using. Whether on iOS, Android, or any other device, you can enjoy the full functionality of the platform.
Trading Hours
It is unique as traders get a commission-free cost structure with raw spreads, an unusual offer, presenting Forex traders with a notable edge. WorldTradex provides clients with daily technical analysis for the EUR/USD, GBP/USD, and USD/JPY. While each analysis is brief, it features all required information for traders to take a position. It also maintains a blog where it publishes market-related content, but the Forex News section does show wide gaps between its posts. With such a useful market analysis, we would love to see the section expanded to other pairs. The service provider is BeeksFX, but WorldTradex clients must have a minimum account balance of $2,500 and a monthly trading volume of 30 standard lots.
Clients can find the provision in the Investment Services General Conditions PDF. WorldTradex has a clean regulatory track record and established itself as a secure and trustworthy broker. Positives are the no minimum deposit, free demo account and excellent support, however it lacks the educational tools or social trading features provided by category leaders like eToro. Ordinarily, we prefer to see a choice between a commission-free account (geared towards beginners) and one with raw spreads and low commissions (geared towards advanced traders). However, WorldTradex has outdone many competitors by offering the kind of tight spreads you’d expect from ECN accounts without charging a commission.