worldtradex Broker Review: Fees, Pros and Cons, Account Types Leave a comment

One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment. worldtradex also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework. worldtradex offers traders the core MT4 trading platform without third-party upgrades. Security is a paramount concern for traders, and worldtradex addresses this with a commitment to maintaining a secure trading environment.

worldtradex Deposit Options and Fees

I use worldtradex for forex trading and have been impressed with the huge range of currency pairs, transparent fees and reliable MetaTrader 4 platform. I think the client dashboard and website could do with an overhaul though – they are pretty dated. It’s fine if you want a no-fuss trading experience but seriously lacking in the research tools, analysis features. The very first thing I noticed when I started trading with the ECN XL account was the instant execution. I was trading with another broker previously, and after I pressed the buy or sell button, there was a little time to wait for the trade to be executed. So many times my trades were executed at a different price than the one I saw on the chart.Here things are completely different.

Phone Support

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 offers a diverse range of bonuses and promotions designed to enhance your trading experience and provide additional value.

Pleasant spreads

The primary platforms include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and worldtradex Trader, ensuring that traders can access the markets 24/5 from any device. These platforms are equipped with powerful tools such as advanced charting, real-time market data, automated trading capabilities, and user-friendly interfaces. Whether you prefer to trade on a desktop or on the go, worldtradex delivers a seamless trading experience. In the sections below, we will discuss each version of worldtradex’s trading platforms in detail, highlighting their features and benefits for every type of trader. worldtradex broker, or FX Central Clearing, is a Forex broker from Cyprus that started in 2010.

Starting with customer data and money protection and up to customer support service. To fund a https://worldtradex.site/ new trading account with worldtradex, clients can use either a traditional bank wire transfer or any one of a number of e-wallet services such as Skrill, Sofort, Neteller, and others. There is a “zero deposit fee” promotion in place for users of the accepted funding methods at the time of writing.

• DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
• Be aware, CY company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
• If worldtradex had a web version of the trading platform, then this broker would be perfect.
• worldtradex provides access to a variety of indices, including well-known benchmarks such as the S&P 500, Dow Jones Industrial Average (DJIA), NASDAQ Composite, FTSE 100, DAX 30, and Nikkei 225.

However, you must do your own due diligence and make your own decisions when choosing a broker. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice.

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. The main thing that separates these accounts is the minimum deposit required to use them, and the number of instruments that can be traded. It may not be the best choice for those seeking a wide variety of instruments or advanced trading platforms beyond MT4. worldtradex places a strong emphasis on trader education, understanding that informed traders are more likely to succeed. They provide a wide range of educational resources to enhance the trading skills and market knowledge of their clients, catering to all experience levels.

Is worldtradex an ECN broker?

THis way, I can now have much more flexibility in my capital.For instance, if I now have 2x my capital, I can risk 2x more on my trades, this way I would be risking 1x of my own money. Or I can risk the same, but now I am risking much less of my own funds👍👌What’s great here is education as well, actually a lot of it, and you can see how comprehensive it is! The minimum deposit at worldtradex usually starts at $100 or the equivalent in other currencies. Traders of all levels can deepen their knowledge through a variety of educational resources. Daily technical analysis is updated on the website with the latest information and a successful retest of the next momentum. worldtradex is registered in Vanuatu with registration number and regulated by the VFSC and CySEC.

In the following paragraphs, we will explore each of these tradable instruments in greater detail, highlighting the unique features and opportunities they present. Yes, worldtradex is considered safe for traders, thanks to its comprehensive security technologies designed to protect both client funds and personal data. The broker employs SSL encryption to ensure that all data transmitted between the trader and the platform is secure and inaccessible to unauthorized parties.

😂 Anyway, I joined them because their reputation speaks for themselves.Nonetheless, I was really surprised when I found out that it’s possible to trade crypto currencies here. I would have never guessed that this old broker would be able to provide crypto https://worldtradex.space/ pairs for trading. All the services on the TopForx.com website are free for you to use. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters.

worldtradex is a low-cost brokerage with no commissions and spreads that are generally competitive, especially on currency pairs. worldtradex’s investment offering is excellent for forex traders but weak in other departments. On the downside, worldtradex supports accounts in just a few currencies (USD, EUR, GBP), with USD only for wire transfers. As a comparison, Fusion Markets offers 10 deposit currencies, which can help prevent the need for often costly conversions. CySEC is a top-tier regulator that helps ensure worldtradex follows strict business standards and implements safeguards like negative balance protection and segregated client funds. To be fair, my first impression of this broker was “lol, this broker is so outdated and the user interface is quite old”.