The app has received good reviews on both the App Store and Google Play, making it a reliable choice for traders who prefer trading on their mobile devices. While day traders and scalpers should not have to worry much about swaps, those who use longer-term trading strategies can incur this potential extra charge. AutoTrade lets you automatically “mirror” or copy another trader’s transactions who then gets paid a small part of the dealing spread. worldtradex offers an extensive choice of Contract for Difference (CFD) instruments. The broker’s wide range of CFDs include those based on an extensive list of forex pairs, in addition to commodities, indices, futures and over 100 individual stocks. Also offers zero-commission trading for UK residents with fairly competitive dealing spreads that can either be fixed or variable, depending on the account type you select.
Founded in 2010, the company has attracted a large user base by providing innovative trading solutions and access to various markets. You will find that their commitment to customer service and education sets them apart, making them a notable choice for your trading needs. Clients must contact the broker’s customer support to request further assistance. I have compiled the table below to help you better understand the difference between the trading fees with worldtradex’s No Commission account type and the industry average.
It introduces traders to the broker’s services and allows them to tweak their strategies in a risk-free environment. 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 a variety of trading instruments that allow traders to diversify their portfolios. These instruments include forex, stocks, commodities, indices, and cryptocurrencies, making worldtradex a versatile broker for a wide range of trading strategies.
Research Tools
This account type is ideal for high-frequency traders seeking optimal pricing. worldtradex operates under multiple regulations, including oversight by authorities such as the Cyprus Securities and Exchange Commission (CySEC). However, it has faced regulatory challenges in the past, which raised questions about its operational transparency and customer service standards.
- worldtradex provides free Virtual Private Server (VPS) hosting to high-volume traders interested in achieving lightning-fast order execution speeds and stable internet connectivity.
- Deposits and withdrawals with Skrill cannot exceed $50,000, and withdrawal fees stand at 1 percent (up to $10,000).
- While the broker faces some customer service complaints and issues with withdrawal processing times, it remains a reputable choice for traders.
- Additionally, traders can take their own customised version of the platform with them should they decide to migrate to another broker.
User Reviews
- Beginners will appreciate the worldtradex Academy with its educational materials while even advanced traders can benefit from seminars and webinars.
- Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money.
- In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection.
- This account type provides superior execution speeds and competitive pricing, making it ideal for experienced traders looking for advanced features, exclusive perks, and optimal trading conditions.
The IronX Exchange is a world-class, regulated cryptoexchange that lets you trade a variety of digital coins. You can also perform fiat-to cryptocurrency conversions, and leverage options are available for traders. You can trade forex in lot sizes as small as 0.01, and the broker supports MetaTrader 4 (MT4), which is the most popular platform among retail forex traders.
worldtradex has excellent credibility within the industry, having won over 40 awards since its inception. Reviews of worldtradex highlight both positive and negative experiences that can influence your decision to trade with them. Although the firm operates under different licenses across jurisdictions, your safety as a trader should remain a priority. Understanding the regulatory framework that surrounds worldtradex is crucial when considering them for your trading activities. The values listed below are for one full base currency contract (100,000 units).
Trade with Us
You should thoroughly read user reviews to gather insights that reflect your trading expectations and priorities. worldtradex offers a wide range of educational resources, including webinars, market analysis, and trading guides, making it a great choice for beginner traders looking to improve their trading skills. The quality of educational content is top-notch, with beginner-friendly guides and advanced resources for experienced traders. Beginners may prefer the Standard account as it requires a lower minimum deposit and offers no commissions. ECN and VIP accounts are ideal for more experienced traders, offering lower spreads and additional features such as commission charges.
Live Floating/Live Fixed Spreads
As a trading platform, MT4 remains one of the most popular for its wide community support, trade execution speeds, charting tools, and customisability. Additionally, traders can take their own customised version of the platform with them should they decide to migrate to another broker. worldtradex offers a range of account funding and deposit methods, including local bank transfers, debit cards/credit cards, Bitcoin payments, and various eWallets.
worldtradex Social Trading Review
This account type features spreads starting from 1.3 pips, making it suitable for both beginners and experienced traders. 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.
We remain committed to offering competitive conditions and superb services which are recognised by the industry. If you need help, just contact our customer support at or use the live chat in the bottom-right Worldtradex courses scam corner. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs.
Contracts for Difference (CFDs) are financial derivative instruments that allow traders to speculate on the price movements of an asset without owning the asset itself. The MetaTrader app stands out for its convenience, making it an essential tool for adjusting trades, especially during periods of heightened volatility. However, I consider it cumbersome and not the best choice for analyzing price action. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades. However, its dated and rugged design is inferior to newer and sleeker platforms. As a trader who prioritizes flexible charts that are easily scalable, I find MT4’s charting capabilities too rigid and less effective.
The broker is regulated by entities in multiple countries, which ensures that it adheres to strict standards of conduct and financial practices. It also provides negative balance protection to safeguard traders from incurring losses beyond their initial investment, which is particularly useful for beginners. On the whole, other than the video material, blog content, and one downloadable e-book, worldtradex’s educational materials lack depth and provide only a sweeping overview of the basics of forex trading. Plus, while some deposit methods are free, be cautious of certain withdrawal techniques that might incur high fees. It’s vital to know that worldtradex aims to offer a variety of options, yet you should always verify if your chosen method attracts any additional charges. Failing to understand these fees could result in unplanned expenses, impacting your overall trading experience significantly.
worldtradex provides free Virtual Private Server (VPS) hosting, helping traders achieve ultra-fast order execution speeds and diminish the risk of negative slippage. Another perk for scalpers is the one-click trading feature available on MT4. However, the platform has cumbersome charts and lacks a timeframe lower than 1 minute. worldtradex is an ideal choice for news traders because of its comprehensive market research offering.
While worldtradex claims to support ten trading platforms, it does rather lack the variety in trading software that other online brokers typically provide and that would result in a better review. All platforms come without charge, however, broker provides educational material on how to get them running. Broker also allows you to use third party trading robots and automate your own trading plan, which you can implement using MT4. Spreads vary from as low as 0.5 to 1.7 for live floating spreads with EUR/USD or 1.6 to 2.8 for fixed spreads, depending on account type. ECN and Zero Spread accounts have no spread and charge a commission based on the number of lots traded instead.