worldtradex stands out as a solid broker choice for traders looking for a low-cost, regulated platform. Its competitive spreads, no trading commissions, and lack of a minimum deposit make it accessible to both beginner and professional traders. With a focus on forex and CFDs, worldtradex provides a range of tradable instruments, though the absence of stock trading may be a limitation for some. worldtradex is a regulated broker offering diverse trading instruments, including CFDs, commodities, currencies, cryptocurrencies, and indices. Licensed under CySEC, MiFID, and MISA, worldtradex provides competitive spreads starting from 0 with no trading commissions under its ECN XL account, making it an appealing choice for traders seeking low-cost options.
Where do I select the platform for my new account?
- worldtradex’s desktop trading platform is MT4 and MT5, available for Windows and Mac.
- Whether you are facing technical issues, account-related queries, or need help with your trading platform, worldtradex’s support team is prepared to assist promptly.
- On the online application, there is an option to save and return later.
- This works extremely well with MT4’s expert advisors for automated trading, and I frequently make use of it when trading on worldtradex.
The e-wallets Neteller, Skrill, EeziePay and AWEpay are the fastest as they process withdrawals immediately. Crypto withdrawals are also quick as you can expect funds to be transferred within just 15 minutes. However, bank cards and wire transfers take up to five working days.
How do I submit the Limited Power of Attorney (LPOA) form?
One excellent addition would be copy trading, allowing rookie traders to mirror and learn from more experienced peers, who can earn commissions from copiers. I am happy with the selection of fee-free funding methods accepted by worldtradex, which supports Visa/Mastercard, bank wire transfers, cryptocurrency and four e-wallets – Skrill, Neteller, EeziePay and AWEpay. This makes it easy for global traders to get started with the forex broker.
How will I receive my account information?
You are advised to create a strong password using uppercase and lowercase letters, numbers, and symbols. You as the master introducer have the power to negotiate your own commission agreement with your Sub introducers giving you complete control.
- An inactivity fee of $5 per month is applied after three months of no trading activity.
- ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers.
- To avoid these charges, I recommend using Visa or Mastercard bank cards, as I found these do not incur a fee.
- Among the financial service providers, there are fraudsters that we promptly report.
If you successfully open and fund your account online, you may begin trading within one to two business days. worldtradex offers a variety of convenient deposit and withdrawal methods to accommodate traders’ needs. We provide broker reviews and ratings to help users find a suitable broker according to their own needs. However, you must do your own due diligence and make your own decisions when choosing a broker.
On the negative side, there is a slim selection of trading platforms with access to MetaTrader 4 (MT4) only. Our team is also disappointed by the withdrawal fees and weak regulatory oversight through the offshore branch. worldtradex provides access to the widely popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for its reliability and advanced trading features. The platform supports seamless trading across multiple asset classes, including CFDs, forex, and cryptocurrencies, ensuring flexibility for various types of traders.
With fast processing times and no deposit fees, worldtradex makes it easy for traders to manage their funds efficiently. worldtradex operates on a spread-only model, with spreads starting as low as 0 on major currency pairs. Our over 15 years of experience in financial markets and high technical knowledge aid in precise and timely identifications. Our independence from brokers and the companies we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria.
What is the cost to have an account with worldtradex?
This customer-centric approach makes worldtradex a solid choice for traders who prioritize responsive and professional support. worldtradex is a reliable and well-regulated broker that focuses on providing transparent and cost-effective trading conditions. Its ECN/STP execution model and competitive pricing make it appealing to both retail and professional traders. While the platform options and asset variety are somewhat limited, worldtradex compensates with its robust regulation, free VPS hosting, and user-friendly environment. The account stands out as a competitive option for traders of all experience levels.
Extensive Range of Marketing Resources Helping you Achieve your Business Goals
worldtradex’s non-forex asset list is less competitive, with the lack of shares a notable exclusion and very few other markets. Many competing forex brokers such as CMC Markets and Plus500 offer trading in thousands of global instruments including stocks from a range of international exchanges, so worldtradex is behind the competition here. During testing, we have been impressed with the ECN pricing that offers spreads from 0.0 pips, while the 70+ currency pairs provide better market coverage than most alternatives.
worldtradex offers a single yet versatile account type – the ECN XL account, designed to cater to both beginners and professionals. This account features spreads starting from 0 with no trading commissions, providing a cost-effective trading environment. One of the standout benefits of worldtradex is the absence of a minimum deposit requirement, allowing traders to start with any amount that suits their needs. As a broker regulated by CySEC, MiFID, and MISA, it complies with stringent industry standards to protect traders.
This platform provides full trading functionality, charting tools, and technical analysis capabilities essential for both beginner and advanced traders. The “TradingFinder” platform offers various services, some of which, like introductions, are free, while others, such as our specialized services, are provided for a fee or through a subscription. We generate income through various methods, which helps us convey facts transparently and not write biased content due to “broker sponsorships,” “commissions from financial companies,” and “advertisements.”
On the downside, the offshore branch is unregulated, reducing the broker’s safety rating for global traders. The broker uses a price aggregator to ensure that counterparty orders use the best bid and ask prices currently available. worldtradex’s offshore entity offers a 100% welcome bonus up to $2000 whereby new clients can double their https://lunarcapital.world/ initial deposit size. However, due to European regulations, this bonus is not available for clients from the EEA. We are also disappointed with worldtradex’s monthly inactivity fee of $5, imposed when your account is not funded or you execute no trades over a period of 120 days.
You must provide your full name and email address and create a strong password. To register with worldtradex, visit the official website, click “Register,” complete the sign-up form with your details, and verify your email address. Once registered, check the worldtradex tutorial page to complete the worldtradex verification process. Through the worldtradex Partners Hub, our valued partners can access a wide range of marketing material and full range of statistics. The logic is simple, the more active clients you have and the more they trade, the higher rebates you will receive.
Beginners will appreciate the straightforward pricing model with zero-commission trading, while experienced traders will rate the tight spreads with no restrictions on trading strategies. worldtradex offers several unique features that set it apart from other brokers. The most notable is its ECN XL account, which provides spreads starting from 0 with no trading commission, a rarity in the industry. This low-cost trading environment is particularly appealing to traders looking to minimize expenses on high-frequency trades. There are no commissions and tight spreads sourced directly from liquidity providers. While testing worldtradex, the EUR/USD was available at 0.1 pips and the EUR/GBP at 0.5 pips.