worldtradex offers a wide and diverse selection of trading accounts, including commission-free and raw spread accounts. Additionally, the broker provides a Personal Multi-Account Manager (PMAM) platform designed for professional traders and money managers. I found worldtradex’s selection of tradable instruments diverse enough to accommodate most trading strategies. The broker offers gold and silver CFDs denominated in EUR and USD so that traders whose accounts are also denominated in the same currencies do not have to pay a conversion fee. worldtradex could improve its offering by including vanilla options or Asian stocks.
The available materials and tools inform the broker’s clients of trading opportunities that are currently developing and explain how and why those opportunities are taking place. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage. Essentially, the broker lends the trader money so that they can open bigger positions.
Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders. Yes, worldtradex provides a comprehensive suite of educational materials for traders of all levels. These account types are perfect for traders who don’t want to pay commission on thier trades. Just a few days ago I closed excellent buy order on EURUSD currency pair. Yes – worldtradex does offer negative balance protection to all users. This ensures traders do not lose more than their initial deposit.
All this together makes trading on company’s platform profitable and efficient.I trade currency pairs. At the same time, I trade major, minor and even exotics.With such leverage I can use small part of the margin.And thanks to tight spreads, my trading is always efficient. Traders can choose between floating/fixed spread Standard, Premium, and VIP accounts. Alternatively, the Live Zero Fixed Spread account comes with zero spreads, but traders will have to pay a commission. 63.91% of retail investor accounts lose money when trading CFDs with this provider.
worldtradex offers commission-free trading and floating spreads from 0.9 pips on its No Commission account. My test indicated that the spreads on this account are broadly average to high compared to the industry benchmark. More competitive fees are available on the other worldtradex accounts. The broker does not impose a handling fee for deposits or withdrawals.
It takes just $100 to open a Micro account, increasing to $2,500 for a Premium account and $20,000 for a VIP account. Well-documented account subheadings outline fee schedules and side-by-side comparisons for floating vs. fixed, commission vs. no commission, and dealing desk vs. direct interbank trading. All withdrawals incur fees that vary among credit cards, electronic tellers, and bank transfers/locations.
Solid Platform for Forex traders
Alternatively, you can trade directly through MetaTrader’s WebTrader. The company’s past and present sponsorships with global brands, such as the Korean diving team and sailing athlete Marilena Makri, have set it apart from other brokers. Success in online trading and investing depends on proper planning based on solid information and useful market insight.
How do I deposit/withdraw money into/from an worldtradex account?
The MetaTrader 5 platform is not currently available at worldtradex. With that said, the brokerage does have plans to introduce MT5 in the future. An account manager is available with all of worldtradex’s trading accounts.
The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself prior to or alongside your live CFD account. worldtradex offers about 310 tradable instruments across currency pairs, commodities, share CFDs, indices, and futures contracts.
- Overall, I concluded that worldtradex is an excellent choice for day traders, copy traders, and algorithmic traders.
- The trading platform has been very convenient and easy to navigate.
- MetaTrader 4 is a straightforward platform that allows for efficient trading for all skill levels.
- Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.
Withdrawals from worldtradex are always done with the same method used for the deposit. worldtradex does not charge deposit fees, but banks may for wire transfers. Credit and debit cards have a maximum transaction of $50,000 and have a withdrawal fee of up to 1.5 euros. Deposits and withdrawals with Skrill cannot Worldtradex cheating exceed $50,000, and withdrawal fees stand at 1 percent (up to $10,000).
DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Compare worldtradex with the top 3 similar brokers that accept traders from your location. worldtradex also offers the Cent account with which clients can start with fewer funds and smaller lot sizes. For any withdrawal problems, contact customer support on one of the channels described further below.
One-Click Trading
- As with any broker, it’s advisable to conduct thorough due diligence before opening an account.
- The “Intraday Comment” section had a single 18-month old entry about the Eurozone.
- Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital.
- They provide no guaranteed stop-losses but negative balance protection is now mandated under ESMA rules.
Its 200+ instruments and multiple platforms are accessible in 180+ countries with 50,000+ retail traders worldwide. worldtradex offers 310 tradable instruments at varying costs and integrates the popular MetaTrader 4 platform, which can be enhanced with an add-on for advanced charting. The broker also provides copy trading solutions through its TradeCopier service and VPS hosting for low-latency trading. worldtradex provides a diverse range of highly informative educational materials in both written and video formats. The broker has published multiple eBooks and hosted hundreds of webinars, along with maintaining a podcast with regular episodes. Its educational content is thoughtfully designed to cater to traders of all experience levels.
Polite and swift response support
It is easy to be a part of fthem, and it is even entertaining to watch as other traders progress.The broker as not really as popular as it should be. I cannot find any reason for the platform to lack popularity, considering its services. Sure I would like to see a few improvements on the platform, but it is really darn fine. Alongside advanced functionality, ultra-fast execution and a user-friendly interface, MT4 is the ultimate choice for online forex trading. This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices.
Spreads
I can’ say that I used this broker’s service for real to know the difference. Anyway, I think with the variety that offer in many trading aspects, it makes them a good choice for any trader. worldtradex has an excellent reputation and is one of the industry leaders in the world of forex trading.
Favorable conditions for commodity traders
Note that while users may be able to trade 24 hours a day, spreads are less competitive during periods of low liquidity. There are no deposit fees (coverage for wire transfer charges for deposits over 10k USD). Traders can use the free MT4 download to install the platform on desktop devices, including Mac.