The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures. Under its ECN XL account, worldtradex charges no trading commissions; it depends on competitive spreads to make money. For high-frequency traders trying to cut expenses, this structure appeals especially. Further improving the broker’s cost-effectiveness without deposit or account maintenance fees. Particularly attractive to cost-conscious traders, worldtradex is a broker with a good reputation and large trading community with quite high scores on performance.
All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. We are dedicated to maintaining high editorial integrity and transparency during reviews or other posts. However, it’s important to note that some of the products we discuss are from our partners. The mobile app version of MetaTrader 4 shares the same underlying issue as the desktop version. It feels rather cumbersome and, therefore, not suitable for carrying out penetrating price action examinations.
- The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), adding an extra layer of credibility and assurance for traders.
- worldtradex also provides access to stocks and indices, allowing traders to engage in diverse trading strategies.
- You can compare the current spreads for the most traded instruments and see how worldtradex spreads stack up against those of BlackBull Markets.
- Perhaps because trading CFDs is not the same as trading the stocks themselves, it is much more risky.
Based on the MetaTrader 4 and 5 platforms, the worldtradex MobileTrader app offers customers a strong trading experience on demand. After testing the app, it turned out that it provides real-time market access, sophisticated charting tools, and a range of technical indicators, among other basic capabilities. Benefiting from the same competitive spreads and execution speeds on the desktop platform, users may efficiently execute trades with only a few taps. Especially the MT5 mobile app stands out for its sophisticated tools and efficient solutions. The platform works on all operating systems and supports EAs, hedging, and advanced technical indicators, analytical tools, and charting features.
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- Even though design of MT4 might be slightly outdated, also some capabilities should be added on as extra, like VPS, overall platform showed good performance, also execution based on ECN connectivity is very good.
- This transparent pricing model allows traders to easily understand their costs upfront.
- These flexible deposit options make worldtradex accessible to a wide range of traders, from beginners to high-frequency and institutional traders.
- worldtradex does not charge specific fees for CFD trading beyond the spread.
- worldtradex’s desktop trading platform is MT4 and MT5, available for Windows and Mac.
It also maintains a blog where it publishes market-related content, but the Forex News section does show wide gaps between its posts. With such a useful market analysis, we would love to see the section expanded to other pairs. worldtradex maintains one of the cheapest Forex cost structures available, with commission-free quotes from 0.0 pips or $0.00 per 1.0 standard lot for the most liquid currency pairs like the EUR/USD and the USD/JPY. The average spread for major currency pairs is below 0.5 pips or less than $5.00 per lot, offering traders a distinct pricing environment advantage. worldtradex provides assistance to trading clients via its 24 hour Monday through Friday multilingual customer support service that features dedicated account managers. The broker also has a live chat service and an online form you can fill out, as well as a support email address, fax and phone number.
worldtradex Customer Reviews
With execution speeds of 60 milliseconds, worldtradex is suitable for high-precision trading. worldtradex offers a variety of convenient deposit and withdrawal methods to accommodate traders’ needs. Once these steps are completed, traders can access their account and begin trading immediately. worldtradex does not impose any minimum deposit requirements, allowing traders to begin with as little or as much as they are comfortable with. worldtradex also charges minimal non-trading fees, including inactivity fees and withdrawal fees.
worldtradex Withdrawals Options and Fees
Still, I feel that worldtradex could become a more attractive forex broker by expanding the range of tools it supports. One excellent addition would be copy trading, allowing rookie traders to mirror and learn from more experienced peers, who can earn commissions from copiers. 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.
Through these educational tools, worldtradex equips traders with the knowledge and confidence needed to navigate the markets successfully. It is a regulated broker with a European license, which ensures safety for trading and protection for clients. Additionally, traders can read about the prevailing market sentiment, important support and resistance levels, pivot points, and implied volatility. They are also presented with potential entry and exit levels, stop-loss and take-profit levels. It also offers daily market breakdowns, outlining current trading opportunities. The broker, however, does not incorporate research content from third-party providers.
Professional traders and asset managers with many accounts want solutions that make managing several accounts straightforward and secure. The broker provides the MetaFx MAM (Multi Account Manager) software to multiple account traders and money managers. MAM provides major benefits over competing platforms such as MetaTrader Multi Terminal. I decided to work with brokers right away during my long years of practice. My experience has shown me that a broker can run out of money and lose my money, but if you keep it with different brokers, you don’t have to worry.
New traders can take advantage of worldtradex’s generous Welcome Bonus, which provides a percentage bonus on their initial deposit. This bonus is designed to give new traders an extra boost as they start their trading journey, allowing them to explore more trading opportunities without risking additional capital. The Welcome Bonus is subject to specific terms and conditions, including minimum deposit requirements and trading volume targets. In summary, worldtradex is a good choice for beginners because it has no minimum deposit requirement and offers extensive supporting content. Seasoned traders can benefit from its fast execution speeds and extremely competitive prices.
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Your feedback is valuable in helping us maintain the quality of our information. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes. As for my experience of cooperation with this company, then everything is ok. calm trading and nothing else.
I appreciate the support team of the worldtradex broker for the help I get here in terms of conversations and questions that I ask about different issues. I was attracted by low margin requirements, high leverage and tight floating spreads. Together with the NDD/ECN executions, the broker’s offer is far above the middle range of the industry. Some traders might not like the light level of regulation, but the trading conditions speak for themselves.
worldtradex serves currency traders well but falls short for individuals looking for longer-term development prospects or more general investing options. Yes, worldtradex gives traders access to major cryptocurrencies like Bitcoin, Litecoin, and Ethereum available on a CFD basis. worldtradex is regulated by Cyprus Securities and Exchange Commission (CySEC) , a low risk trading broker.
However, the lack of alternative platforms is a major drawback, also some traders find MT4 slightly outdated. The platform is available for all operating systems and fully compatible with EAs, hedging and equipped with advanced technical indicators, analytical objects, and charting tools. The asset being traded will affect these fees, which apply to both long and short positions.
The most popular and widely used worldtradex ECN XL Account features extra benefits of zero swaps, commissions, or mark-ups, or might be fully tailored solution for active traders or those who operate bigger sizes. Yet, as we notice ECN Promo account is currently unavailable for signing so mainly worldtradex Login to ECN XL is available. What is also great, worldtradex used technology to provide efficient and transparent pricing with the most possible low spreads. In addition, there is a range of ECN trading accounts that are designed to suit their own needs and requirements.
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. While this type of fee is not unusual, worldtradex imposes it after a relatively short period of time, especially compared with OANDA, which only charges its $10 inactivity penalty after 12 months. During tests, the EUR/USD came in at 0.1 pips, which is tighter than rivals like worldtradex with its 0.6 pips on the same pair. Spreads on other key currency pairs are also competitive, coming in at 0.5 pips on the EUR/GBP and 0.7 pips on the GBP/USD.
worldtradex User Experience
Whether on iOS, Android, or any other device, you can enjoy the full functionality of the platform. Even the advanced features, such as real-time charting and market analysis tools, are available for mobile use, allowing you to trade anytime, anywhere. With the worldtradex Trader Mobile Platform, you can stay connected to the markets and trade with ease, no matter where you are. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews Worldtradex forex brokers reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.
Technical indicators and broad charting tools of MT4 give traders complete analytical capacity. By means of Expert Advisors (EAs), the platform offers automated trading, empowering algorithmic traders to apply their ideas efficiently. For both new and seasoned traders looking for a strong but straightforward trading environment, worldtradex’s MT4 platform is an overall fit. worldtradex offers dedicated email support to address any queries or issues traders might encounter.