They have a Traders Hub which includes technical and fundamental analysis in the form of daily reports and news, research, education and video tutorials. Additionally, they use STP (Straight-Through Processing), routing orders directly to liquidity providers without a dealing desk. Standard Lot is 100,000 units of the base currency displayed as 1.0, Mini Lot is 10,000 units of the base currency displayed as 0.10 and Micro Lot is 1,000 units of the base currency displayed as 0.01. We transferred funds from the account back to our debit card, and it was completed in under 24 hours. Multi Account Manager (MAM) or Percentage Allocation Management Module (PAMM) accounts are also available.
Versatile Tools for Every Trader
Plus, they’ve got a decent selection of technical indicators and charting tools built right in, so https://worldtradex.site/ you can do your due diligence before entering a trade. Now, with such a vast selection, there’s always a concern about liquidity. During my testing, even the less popular instruments seemed to have decent liquidity, with tight spreads and smooth execution.
When we opened our account, a Client Account Manager contacted us, provided their direct contact information, and offered help whenever needed. worldtradex does not accept clients from the United States of America due to strict regulatory rules imposed by the Commodity Futures Trading Commission (CFTC ) and National Futures Association (NFA). They also are unable to accept clients from Japan, Iran, North Korea, Sudan, Syria due to international sanctions, Belgium due to restrictive trading rules and some regions in Canada such as Ontario and Quebec.
Accounts & Banking
worldtradex is a popular and large Forex Broker that provide professional trading experience for quite long time since the broker was established in 2005 and ever since serve over 12,000 clients worldwide. worldtradex provides multiple trading platforms, including MT4, MT5 and cTrader, each supporting a variety of languages to accommodate its global clientele. MT4 and MT5 supports over 30 languages while cTrader platform also offers similar multilingual support. worldtradex offers 24/7 customer support to both retail and professional clients globally through various channels, including phone / call back service, email, live chat, and social media. The company showcases its customer service awards and emphasizes delivering personalized and proactive support.
Minimum Account Deposit Requirements
- Cryptocurrency enthusiasts can delve into popular digital assets like Bitcoin, Ethereum, Ripple, and more.
- Additionally, their responsive customer support and flexible, secure deposit and withdrawal options add to the overall appeal of worldtradex.
- While worldtradex doesn’t support cTrader’s excellent copy social trading platform – which I find disappointing – it compensates with its own Copy Trading tool available on MT4 and MT5 terminals.
- However, other sections of the site offer progress-tracking and quizzes, enhancing the learning experience.
- While worldtradex doesn’t appear to publish its financial statements directly on its website, they should be readily available upon request.
- Although the conversion rate is competitive, overall trading expenses should take fee into account.
worldtradex offers mobile trading apps for both Android and iOS devices, providing traders with convenient access to the markets while on the go. These apps feature a user-friendly interface and robust functionality, enabling traders to manage their accounts and execute trades seamlessly from their smartphones and tablets. What really impresses me is the broker’s commitment to trader education. They offer innovative tools like comparative analysis and trend exploration, which greatly enhance the trading experience. One feature I particularly appreciate across all platforms is the ability to maintain control with a simple click. Whether halting trading at any time or utilizing risk management parameters like take profits and stop losses, worldtradex ensures day traders have the tools they need to manage their trades effectively.
However, the variety of instruments and potential for high leverage might be overwhelming for complete beginners. You can reach worldtradex customer support via 24/7 live chat, email, or phone. Their phone support offers multiple international numbers, so you can find one with a convenient time zone for you. Live chat seems to have the best availability, with responses typically within a minute or two in my experience., while email might take a bit longer. While worldtradex’ regulatory framework suggests a commitment to financial stability, complete risk elimination is impossible.
- Moreover, worldtradex is regulated by reputable authorities such as the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), ensuring a secure trading environment.
- However, it’s important to note that some of the products we discuss are from our partners.
- What’s great is that the demo account functions exactly like live accounts.
- worldtradex is an established Australian broker that complies operations according to the world-known Top-Tier regulation Australian Securities and Investments Commission (ASIC), learn more why trade with ASIC Brokers by the link.
- For certain CFDs and Equities, they offer Direct Market Access (DMA), allowing real-time access to live market prices straight from exchanges.
- Another strong point we consider at worldtradex is a comprehensive choice between the platforms, thus powerful capabilities provided that is definitely a big plus.
The Raw account features direct market pricing, with spreads starting from 0 pips, accompanied by a $3 commission fee per side. worldtradex provides exceptionally competitive pricing, positioning it as one of the most cost-effective brokers worldwide, particularly for its commission-based ECN account option. When a broker prioritizes financial stability through measures like client money segregation and capital adequacy, it directly translates to secure and timely payouts for traders. If your funds are held separately, there’s no reason for the broker to withhold them. In the context of worldtradex not withholding trader payouts, let’s explore how the broker’s financial health translates to secure withdrawals for its clients.
What Can You Trade on worldtradex’s Platform?
The Standard account features spreads from 1 pip, and there are no commissions. If you are interested in taking advantage of lower spreads, the Raw account is an excellent alternative. Users with Raw accounts can enjoy spreads from 0 pips, but a $3 commission (each way) is charged. Another strong point we consider at worldtradex is a comprehensive choice between the platforms, thus powerful capabilities provided that is definitely a big plus. The choice between Proprietary software, MT4, MT5 and IRESS platforms is notably excellent for direct access to trade Shares, as well MAM and PAMM accounts possibility available for money managers. The regulatory status is indeed the most important measure while choosing a Broker, as in simple words it means a client is treated fairly and safely according to international laws and requirements.
So with worldtradex sign up as being regulated broker there are various safety measures applied. On the flip side Spreads for Stocks are higher, also some withdrawals add on commission, also it is worth checking the conditions under the entity of worldtradex you would trade since they are different. Lastly, Instruments are mainly based on CFDs and there is no real Investment in Stocks or Shares available, yet it is not a big Con since worldtradex specializes particularly as CFD trading provider. While these industry awards offer insight into worldtradex reputation, they should be considered alongside regulatory compliance, financial stability, platform quality, customer service, and trading conditions. This type of account is ideal for traders who work with smaller volumes or are fine-tuning their strategies.
In my experience, worldtradex generally offers good market depth and liquidity. This means you can enter and exit trades efficiently without significant price gaps. However, liquidity can vary depending on the specific currency pair and market conditions.