That said, worldtradex falls behind with its limited pricing, range of markets, and platform offering — none of which can compete with the best brokers in this space. worldtradex Group is a trusted MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research. While worldtradex provides accessible support through various channels, diversifying communication channels could enhance the overall customer support experience. worldtradex offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for desktop users. These platforms are known for their comprehensive charting capabilities, technical indicators, and expert advisors (EAs). worldtradex offers a transparent fee structure that traders can consider when evaluating their trading costs.
How to open worldtradex Demo Account?
Their educational resources are valuable for traders of all levels. worldtradex offers a user-friendly trading platform with intuitive features. Their customer support is excellent and always available to assist. Yes, MT4 is designed to be accessible for traders of all experience levels. It offers a variety of indicators, drawing tools, and customization options, making it a versatile platform for both beginners and advanced traders. worldtradex Group stands out by offering the same excellent trading conditions to all clients, regardless of account size.
However, some users have reported encountering issues while withdrawing. worldtradex also offers swap-free accounts to cater to clients who cannot earn or pay interest due to religious beliefs. This flexibility makes worldtradex a suitable broker for traders from diverse backgrounds.
It’s noticeable that providing excessive number of tools is their priority. worldtradex is a famous broker, so I didn`t have any doubt and hesitation to start trading with them. It was convenient to trade on both app and MT5 web platform, combining the charts analysis on the web with the opening of the positions through my smartphone. I could choose the leverage and quite low lot sizes that was an accessible way to trade, even though my account wasn`t large. They’re not here for 1 day and are not trying to ‘wow’ or bedazzle, no fancy sales or offers, but I don’t need that so I’m quite fine. They’re doing fast withdrawals for me, they have decent spreads for the forex majors.
- Market makers like worldtradex can be useful for traders starting or with limited capital.
- However, we are underwhelmed by the lack of platform options at worldtradex.
- Anything above this amount can then be transferred via bank wire or e-wallet for the remaining transfer of funds.
Micro Accounts can have the base currency of USD, GBP, EUR, CHF, JPY, AUD, PLN, HUF, RUB, ZAR, or SGD. This type of account has negative balance protection, trading bonuses, and no deposit bonuses. Those include trading currencies, CFDs, precious metals, energies, and equity indices.
What Assets Can You Trade With worldtradex?
worldtradex does not have specific bonuses due to regulatory stipulations although it promotes the VPS service and the 0% Fees on deposits and withdrawals. After you submit your documents, the verification may take several minutes or several hours. After you are approved, you can use deposits, withdrawals, and trading features on the site. No, XT.com is not available to U.S. citizens because it lacks licenses from major U.S. bodies such as the SEC or the CFTC to be run lawfully. The platform’s terms and conditions explicitly prohibit U.S. users from trading to avoid violating strict financial regulations.
There are almost 1300 individual stock CFDs from 18 countries around the world. In addition to the US and Canadian stocks, there are equities from 14 European countries, Brazil and Russia. All the major indices are available, but with just three different US indices, there are better selections elsewhere. With worldtradex, inactivity charges kick in after just 90 days (i.e. 3 months) of the account being dormant.
Company Information
For additional trading platforms, the inactivity fee depends upon the type of account you have chosen. The inactivity fee is exposed to many circumstances and needs to be revealed clearly by the agent beforehand. The first sort of fees to keep an eye out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you are billed trading fees. In such instances, you are paying a spread, financing speed, or a commission. The sorts of trading fees and the prices vary from broker to broker.
But we don’t stop there – we also offer valuable insights into other great alternatives to worldtradex, so you can make a more informed decision and compare other brokers against worldtradex. Our overall experience trading on worldtradex has been positive, with consistently fast execution on trades. Micro and Standard accounts have slightly wider spreads compared to Ultra Low accounts, but both are eligible for the worldtradex Loyalty Program. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. I’m trading with worldtradex for several months aleeady and have only positive things to say abt them. Their withdrawal for instance, it’s very simple and the delivery is fast with mastercard.
worldtradex Ultra Low Account
It is possible to make deposits in other currencies outside these listed but there will be exchange fees. If you would rather use fiat deposits, select your payment method. XT.com supports various options, including bank transfers and third-party services like Banxa or Mercuryo.
The broker is well-regulated, ensuring safety and security for all users. With its 24/7 customer support and numerous payment options, worldtradex is a solid choice for anyone looking to start their trading journey. At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps.
These include trailing stops, stops, limits, and market orders. Place the trade at any time of the day, provided that it is during trading hours. There is also the ability to place trades via the telephone for those who prefer this method. It is important to note that worldtradex uses variable spreads, as does the interbank forex market.
Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. To withdraw money from worldtradex, you need to log in to your account, go to the withdrawal section, and follow the instructions for your chosen withdrawal method. Withdrawals are only possible after the verification process has been completed. To do this, one must provide the broker with documents verifying the identity of the account owner. Beginners should initially work on an worldtradex demo account to assess their potential.
- worldtradex also offers swap-free accounts to cater to clients who cannot earn or pay interest due to religious beliefs.
- In this section, you can deposit BTC or other cryptocurrencies.
- 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.
- You’ll acquire proficient at all the concepts of trading online and brokers while you continue trading.
- worldtradex strives to offer a range of learning opportunities for traders of all skill levels.
- Withdrawals are only possible after the verification process has been completed.
I can risking same and it mean I will risk less my money, it’s good because now I have bigger capital and I am pretty happy. I was tradign forex everyday and now I am also trading gold because this asset is very interesting, it’s sometimes fast but I am learning. In terms of research tools and Market materials, it is in good order at worldtradex too. Along with News Feed, Technical Summaries and Technical Analysis, worldtradex provides Fundamental Analysis and Trade Ideas suitable for beginning or advanced traders.
Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically. This broker makes it a must to make sure that their clients are happy and they provide appealing services, an easy E for effort alone. It’s also easy to use and operate, everything works efficiently and effectively. A range of trading markets as worldtradex Products available from a single multi-asset account that offers 6 Asses Classes and includes about 55 currency pairs with a total over 1000+ trading markets. You are able to trade worldtradex Forex or CFDs on stock indices, commodities, stocks, metals, energies and Cryptocurrencies at worldtradex all available from the same trading account. Yet, the trading instrument range is different based on entity conditions, alike under its worldtradexGlobal brand, Broker provides a selection of 60 cryptocurrency pairs for trading.
The effect of leverage on profits and losses magnifies them in both directions. In other words, worldtradex leverage Worldtradex website 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. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.