We review and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns that we come across. We are also a community of traders that support each other on our daily trading journey. Finally, the Gold plan costs $80 a month and comes with 4 virtual CPUs, 6,656 MBs of RAM, and 75 GB of SSD Storage.
Disclaimer – BrokerBenchmark.comRisk DisclaimerPlease note that trading and investing in financial instruments, commodities, and other assets involve a high level of risk. You may lose your entire deposited funds, and past performance is not indicative of future results. You should only engage in such activities if you fully understand the risks involved. BrokerBenchmark.com does not provide investment, financial, or legal advice. worldtradex positions itself as a cost-effective broker, offering competitive pricing across its asset classes, making it an attractive option for those mindful of worldtradex fees . It is very important to assess the credibility of a broker when determining whether they are a fit for your trading needs.
- When it identifies trading opportunities, it delivers instant alerts via email, SMS, or platform notifications.
- Further, worldtradex has received over 60 different industry awards for its services, including recognition for best trading conditions, best customer service, and best trading app.
- To assess the credibility of a broker, traders should prioritise their regulatory status and their overall reputation.
- In contrast, the Zero Spread account provides ultra-tight spreads from 0.0 pips but comes with a commission of $3 per lot per side.
- It is very important to assess the credibility of a broker when determining whether they are a fit for your trading needs.
worldtradex Leverage
worldtradex withdrawal processing times range from instant to 1 business day, depending on the method used. HF Markets Group in Saint Vincent & the Grenadines, Deloitte-audited, client funds segregated, industry-awarded for superior service.
Pros
As such, Traders should exercise caution with high leverage due to the increased risk of significant losses. In addition to the MetaTrader suite, worldtradex has developed its own worldtradex Platform. This proprietary web-based platform is designed for ease of use, featuring one-click trading, real-time market data, and a customisable interface.
As such, it helps traders take advantage of high-probability trading opportunities without manual chart analysis. worldtradex offers a valuable demo account designed to closely simulate a live trading environment. It is an unlimited demo account which does not expire and comes with a starting balance of $100,000 in virtual funds. The demo accounts on worldtradex are available on MT4 and MT5, two of the most popular trading platforms. The Copy Premium account, on the other hand, requires a minimum deposit of $25 for followers and $100 for strategy providers. It also features spreads from 1.2 pips without commission and includes access to CFDs on forex, spot indices, gold, spot energies, and silver.
worldtradex Zero Spread Account Review – Pros and Cons
worldtradex offers a streamlined and flexible worldtradex deposit and worldtradex withdrawal system, ensuring traders can fund their accounts and access profits with ease. Nonetheless, while worldtradex offers a compelling package, it is always recommended for individual traders to conduct their own research. Always ensure that the broker’s offerings align with their specific trading goals, risk tolerance, and preferences. For tighter spreads, the Pro account offers spreads from 0.5 pips, and the Pro-Plus account from 0.2 pips. In contrast, the Zero Spread account provides ultra-tight spreads from 0.0 pips but comes with a commission of $3 per lot per side.
worldtradex Pros & Cons
Yes, worldtradex charges a commission of $3 per lot per side for forex and indices, which is competitive compared to industry standards. These include the DFSA in Dubai, the FSCA in South Africa, the CMA in Kenya, the FCA in the UK, and the CySEC in Cyprus, among others. However, please note that worldtradex does not accept retail traders from the UK and the EEA region despite having regulations there. Yes, an inactivity fee of $5 per month applies after 6 months of no trading activity. Remember that Forex and CFDs available at worldtradex are leveraged products.Their trading can result in the loss of your entire capital.
The Bronze plan costs $25 a month and features 1 virtual CPU, 2,560 MBs of RAM, and 30 GB of SSD Storage. However, traders can get this plan for free if they have a minimum net deposit of $400 within the last 30 days and have at least 2 standard lots traded within the past calendar month. On top of the different trading platforms offered by worldtradex, the broker also features a variety of tools that can help enhance the trading experience of a trader. These include VPS Hosting, Autochartist, Advanced Insights, Premium Trader, and Trading Calculators, among others. The Copy Cent account requires a minimum deposit of $10 for followers and $25 for strategy providers.
- worldtradex offers a valuable demo account designed to closely simulate a live trading environment.
- In addition to spreads and commissions, worldtradex charges swap fees on positions held overnight.
- worldtradex is an international forex and CFD broker with over a decade of experience in the financial markets.
- It is popular for its user-friendly interface, comprehensive charting tools, and support for automated trading via Expert Advisors (EAs).
- However, please note that this tool is best used alongside personal analysis for optimal results.
Its strong regulatory oversight, competitive worldtradex fees , and diverse asset offerings https://worldtradex.online/ make it a compelling choice for those seeking a secure and versatile trading environment. The MT4 and MT5 platforms deliver exceptional execution speeds and advanced charting tools, while the worldtradex app ensures flexibility for traders on the move. worldtradex stands out as a highly reputable and well-rounded online broker, offering a comprehensive and user-friendly trading experience. Since 2010, worldtradex has enabled traders to explore opportunities in the financial markets.
The broker offers six distinct account types, each with its own pricing structure designed to suit different trading needs. The Premium account features spreads starting from 1.2 pips, while the Cent account offers slightly tighter spreads from 1.0 pips. In some regions, the broker also provides the Top-Up Bonus account, which has spreads beginning at 1.4 pips. Despite minor drawbacks such as higher spreads on stock CFDs and occasional lag in the app, worldtradex’s overall value proposition remains robust.
The Trade Terminal allows traders to manage multiple orders, bulk trade, and set complex orders from a single interface. In contrast, the Mini Terminal is an extension of the Trade Terminal, which displays the same deal ticket as the Trade Terminal in the context Worldtradex courses scam of a specific trading chart. Further, the Sentiment Trader allows investors to see real-time market sentiment for selected instruments. MT5 expands on MT4 with more advanced charting capabilities, a wider selection of technical indicators, and enhanced backtesting functionalities.
However, please note that this tool is best used alongside personal analysis for optimal results. Crafted to cater to the requirements of traders at every level, from novices to experts, these trading accounts stand out as the finest in the industry. Higher leverage is available for forex and commodities, while stocks, indices, and cryptocurrencies have lower leverage caps.
The broker provides access to trading platforms that are relatively easy to use, with features such as competitive spreads and support for different trading strategies. In this worldtradex broker review, we will explore what to expect from the broker, including its trading platforms, available instruments, regulations, fees, and other essential features. For new traders, this demo account allows them to experience online trading in a risk-free virtual environment. This helps them understand the platform and market dynamics without committing real capital. For experienced traders, it provides a virtual space to test and refine trading strategies under real market conditions before implementing them in live trading. With options like worldtradex withdrawal processing within 1 business day and flexible payment methods, worldtradex ensures convenience for its users.