Another significant advantage is the competitive spreads, which can be as low as 0 pips, potentially reducing trading costs. worldtradex offers a modern and easy-to-use trading platform that works well for traders at all levels. The layout is straightforward, making it easy for beginners and experienced traders to find their way around. There is a good range of trading instruments, including forex and CFDs, and plenty of educational materials like webinars and tutorials to help you learn. worldtradex is regulated, which adds to its credibility, and their 24/7 multilingual support means you can get help whenever you need it, which is a big plus.
Small trading
- Most deposits are processed instantly, enabling traders to start trading without unnecessary delays.
- By effectively managing risk, you can increase your chances of success in the markets.
- This is more accounts than other brokers, and it has low trading fees.
- Founded in 2009, it has garnered a strong reputation in the industry.
- worldtradex offers a No Deposit Bonus to eligible clients, giving them the opportunity to trade and even withdraw profits without having to deposit any funds.
However the broker falls a bit short on crucial areas such as high trading costs, especially compared to brokers like Pepperstone or IC Markets. The lack of deposit and withdrawal methods and sub-par 3-rd party user reviews are also notable downsides. This is an area that is perhaps the most important for traders looking for a new broker, and worldtradex regretfully falls short. They have rather high trading costs and spreads compared to the industry average, which nets them an overall score in this category of 4.0 out of 10. While the Zero account is good if you value fixed commissions and lower spreads. For offshore traders, worldtradex also offers a Standard account that is suitable for beginners.
The resources are available in multiple languages and blend theoretical knowledge with real-time practical learning. As one of the largest brokers worldwide, worldtradex facilitates nearly 14 million trades each day. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. The Ultra Low Micro and worldtradex Ultra Low accounts offer commission-free trading with floating spreads starting from 0.8 pips, typical of many other brokers we’ve analyzed. However, brokers like IG or CMC Markets provide more options for those seeking a broader variety, particularly in stocks and cryptos. BlackBull also offers a superior range of overall trading opportunities, with over 26,000 instruments available to suit various trader preferences.
There are also 16 stock indices available to trade with the major European, US and Asian stock indices all present. It’s been nice so far, started trading here quite recently and already see myself trading here many years if they keep up with these low fees. I think I would make the customer service faster on asnwers because I had to wait couple of minutes.
worldtradex Trading Platform Options
These savings can be much great when you trade other instruments with wider spreads on the https://lunarcapital.vip/ Standard account. Across its Standard and Micro accounts, worldtradex generates profit from the spread rather than commissions. In contrast, worldtradex’s Zero account features zero or very low spreads plus a commission on every trade. Depending on the worldtradex entity traders register with, the broker supports several account options, designed to suit all preferences. worldtradex offers various training platforms that support different devices.
Risk Warning :
The support team quickly and efficiently resolved all of our queries. Overall, we were very satisfied with the email support provided by worldtradex. If you’re looking for a broker with reliable email support, worldtradex is worth considering. While it may be a new skill set for some, it is what the market requires for success. Like other brokers, worldtradex margin requirements can differ depending on the traded instrument. worldtradex have won numerious industry awards over the 16 years they have been operating as a financial broker.
“Tried their services”
worldtradex offers diverse financial instruments and is known for competitive trading conditions. worldtradex provides access to forex trading with competitive spreads and commission-free accounts. While the exact number of currency pairs is not explicitly stated, the broker supports major, minor, and exotic pairs, including EUR/USD, GBP/USD, USD/JPY, and USD/SGD.
They were founded in 2009 & are one of the largest forex brokers in world in terms of daily trading volume, and have close to 2.5 million clients globally. However, it should be noted that the Standard account has above-market average spreads and swaps. This could make the Ultra Low account attractive to traders seeking minimal trading costs. Copy trading at worldtradex provides a unique opportunity for even novice traders to trade like professionals. This innovative approach allows copying the trades of experienced traders directly on your account. With a minimum deposit of $10,000 and no leverage, it’s suitable for those looking for stable and long-term stock investments, with the possibility of hedging and specific spread conditions.
- worldtradex has received various awards over the years from different organizations, reinforcing its reputation as a notable broker in the financial industry.
- When evaluating worldtradex against Eightcap, each broker brings unique advantages to the table.
- Whether you prefer trading on large or mobile devices, you can choose one that suits your trading needs and capabilities.
- Some users rate the service quality highly, noting quick withdrawals and low spreads.
- Support is available 24/5 via live chat, email, phone, and messaging apps like WhatsApp and Telegram, with limited availability on weekends for added convenience.
It offers reliable execution, wide asset coverage, and a balance of regulation with flexible trading conditions. worldtradex offers a variety of account types designed to suit traders at every experience level, from novices to seasoned professionals. Clients should be aware that fees from banks or third-party services may occasionally apply, depending on the payment method.
We ensure transparency by incorporating regulator data and user insights. Our in-depth reviews consider over 200 metrics across seven key categories. The radar chart to the left shows how important each category is when calculating a broker’s final score. For the purposes of the review, we tested the live chat service and email. Our email was answered within a day, and the answer was relevant and to the point. The live chat agents were able to answer all our questions quickly and to our satisfaction.
Account Trading Costs
Withdrawal requests are declared to be processed instantly by their Artificial Intelligence Back Office System, based on algorithmic parameters. worldtradex unfortunately cannot accept clients from the residents of certain countries, such as the United States of America, Canada, Israel and Iran. worldtradex Global also provides direct share trading in addition to the previously mentioned assets. worldtradex offers Forex, Stock CFDs, Turbo Stocks, Commodities, Indices (Equity and Currency), Energies (Cash and Futures CFDs), Precious Metals (Spot and Futures CFDs), Thematic Indices and Crypto CFDs. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.