The broker enables traders to create an account in just 2 minutes by collecting essential user details and trading preferences. The broker is operated by Tradeco Limited and offers negative balance protection. While it holds regulatory status, the offshore nature of the license places it in a lower regulatory tier compared to more established jurisdictions. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. Worldtradex offers a wealth of educational content, including over 180 blog articles, nearly 200 recorded webinars, more than 35 educational videos, 16 podcast episodes, and 4 eBooks.
What trading instruments are available?
Traders can contact the customer support team via email at , and they will reply within 24 hours. Worldtradex also provides a wealth of educational resources for traders of all levels, from beginners to advanced. The broker offers webinars, podcasts, and various video-on-demand services to help traders better understand the financial markets and improve their trading skills. That is why you should only invest money that you are prepared — or can afford — to lose at such high risks. Tradersunion.com does not provide any financial services, including investment or financial advisory services. Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets.
Worldtradex is a moderate-risk broker with the TU Overall Score of 6.95 out of 10. Our over 15 years of experience in financial markets and high technical knowledge aid in precise and timely identifications. The minimum deposit is $10, and no internal deposit or withdrawal fees are https://worldtradex.site/ charged, though third-party fees may apply.
Among the financial service providers, there are fraudsters that we promptly report. Feedback and rankings from authoritative sites like « Trustpilot » on the TradingFinder website assist all traders. Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives.
Is Worldtradex suitable for spread betting?
You can set up a demo account for yourself before or alongside your live CFD account. Worldtradex provides over 320 tradable instruments across currency pairs, commodities, share CFDs, indices, cryptocurrencies, and futures contracts. The selection is wide and diverse, though there are no low-risk securities such as ETFs. Worldtradex has an impressive assortment of 85 currency pairs, including major, minor, and exotic pairs. The broker also provides an extensive educational library, which features dozens of webinars, articles, ebooks, and more. Worldtradex integrates MetaTrader 4, which offers one-click trading but has a minimum timeframe of 1 minute.
Worldtradex offers a blend of market research developed in-house and incorporated from third-party providers. The broker offers the Trading Central package, which includes an intuitive economic calendar, featured trading ideas, and the Market Buzz feature. The chart screen is undeniably one of the most crucial features of a trading platform.
- However, its dated and rugged design is inferior to newer and sleeker platforms.
- The market is continually evolving, marked by periodic surges and declines in volatility.
- Most of these instruments have tight spreads, which makes trading with Worldtradex a cost-effective option.
- Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker.
- The MT4 platform is available as different versions, such as the desktop version and the mobile app.
Worldtradex received a score of 6/10 in this section, indicating a generally acceptable mobile trading experience. The trading and non-trading commissions of broker Worldtradex have been analyzed and rated as Medium with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, Eightcap and Worldtradex Group, to provide the most comprehensive information. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
On the MetaTrader 4 platform, any trader can open a demo account funded with a virtual $100,000. This free option allows you to test Worldtradex’s spreads, quotes, and trading instruments in a risk-free environment. We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones.
Worldtradex Supported markets vs top competitors
The company has an average score of 3.7 on TrustPilot, and offers 24/5 support in 30 languages. Worldtradex broker offers multiple promotions, including a deposit bonus of up to $2,000, and the 100% Supercharger. Additionally, they offer a free demo account to practice on their platforms. Worldtradex offers CFD and Futures trading through 4 account types, including a Cent with a minimum deposit of $10 and floating spreads from 1.1 pips. Day traders can benefit from Worldtradex’s robust market research, including featured trading ideas by Trading Central and a diverse assortment of tradable instruments. However, Worldtradex’s spreads generally exceed the industry average, and it does not offer a raw spread account.
Is Worldtradex regulated?
It does not impose a handling fee for deposits and withdrawals, though third-party payments may apply. I tested the desktop version of the MetaTrader 4 platform, which features multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool. These allow traders to examine various market developments from different angles and exploit the underlying trading opportunities in multiple ways. Worldtradex offers Cent accounts for algo testing, and algo traders can use Expert Advisors (EAs) to automate their trading systems. However, the broker does not provide free Virtual Private Server (VPS) hosting for low-latency trading and stable internet connectivity.
- The selection is wide and diverse, though there are no low-risk securities such as ETFs.
- Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight.
- Participating in financial markets involves high risk, which can result in the loss of part or all of your investment.
- Depending on the payment method, deposit times can take up to 24 hours, and for bank wires deposits may take up to 5 business days.
- Forex traders can trust Worldtradex’s platform for safe and secure trading.
What are Worldtradex base account currencies?
Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker. For over 10 years we consider our independence, absolute openness, and objectivity as our main Worldtradex forex broker priority. This will help Tradersunion.com to continue to provide our services to you for free. Worldtradex offers a limited selection of trading assets compared to the market average.
Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers. Worldtradex caught my attention with its bonus program — I managed to activate the 100% Supercharger Bonus, which effectively doubled my starting deposit. There are also a 20% Welcome Bonus and a 40% Takeoff Bonus available. Withdrawals are made via bank transfer or e-wallets such as Perfect Money. The minimum lot is 0.01, which helps maintain proper money management. The Margin Call and Stop Out levels are set at 100% and 20%, respectively.
Worldtradex received a Medium score for the efficiency and convenience of its deposit and withdrawal processes. With some time learning on how to trade better and accumulating a capital, I think this place is good to stay for trading there for a long period of time. It’s a good broker with nice trading conditions and everything works well with the processes very simplified. Although third-party plugin support is lacking, users can access over 25,000 custom indicators for MT4.
This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Neteller, BTC, USDT. As we discovered, Worldtradex does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Overall, the broker offers balanced conditions and is suitable for active traders. I discovered that Worldtradex offers three commission-free trading accounts with floating spreads. The broker has a 100% margin call and a 20% stop-out level, protecting its clients against the dangers of a complete account wipeout. Worldtradex could improve its account offering by adding a raw spread account. Complete training in financial markets such as « Forex, » « Stock Market, » and « Cryptocurrencies » only becomes comprehensive with tested trading tools and strategies. « Trading Finder, » with its experience, aids traders and investors in gaining a correct understanding and deep learning.
These resources cover key trading topics such as “Introduction to Forex Trading,” “Trading Terminology,” and “Fundamental Analysis,” among others. However, when I asked about the broker’s margin call, the agent seemed confused and provided a ready-made answer that was not quite relevant to my question. Ultimately, he could not answer and told me to refer to my account manager. When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.
Brokers operate multiple entities globally, but regulatory protections vary. Some regulators enforce stricter financial standards than others, so traders should understand the safety measures of the entity they choose to open an account with. I opened a Standard trading account with Tradeco Limited and performed my tests on the desktop and mobile app versions of the MetaTrader 4 platform. Overall, Worldtradex is a well-regulated broker providing a secure trading environment for traders.