worldtradex cTrader platform is a cutting-edge digital trading platform that provides a full suite of features that enhance trading experiences. Notably, it offers seamless and rapid trade execution thanks to its top-tier technology, which minimizes the risk of slippage and offers traders the most accurate pricing available. It features a user-friendly interface that offers advanced charting capabilities, facilitating technical analysis with precision and ease.
Our review focused on the MT4 trading platform, available to all clients at worldtradex. The Iress trading platform, restricted by geographical location, focused on global equity trading, features numerous additional costs. They can total above $200 per month for low-frequency traders, but worldtradex has a program in place for active traders to receive reimbursement for most costs. While non-equity trading costs remain very competitive, equity trading tends toward the industry average. worldtradex is a reliable platform that can be considered trustworthy due to its strict regulatory practices.
Trade worldtradex MetaTrader 4 on iOS Devices
In conclusion, worldtradex’ commitment to educating traders is commendable. By expanding content, improving organization, and diversifying formats, the broker can continue to empower traders with knowledge, setting itself on par with industry leaders. Overall, worldtradex offers a competitive fee structure, as well as transparency, and flexibility. Traders can benefit from cost-effective trading while knowing what to expect in terms of fees and charges.
Empowering Traders with Insights
- Clients may reach out via e-mail, live chat, phone, or the call-back option.
- The minimum spread for AUDCAD is 0.0 pips for a raw ECN account while for a standard account, the average spread is 1.9 pips.
- XTB is one of the leading brokers in the industry and is great for new traders and more experienced people alike.
- Traders can access worldtradex’ web-based trading platform from any web browser without the need for installation.
- You will be exposed to a high risk of loss regarding leverage and margin-based trading.
There are a few points to highlight where worldtradex could improve. The overall design and user experience of the education section feels a bit dated. At the time Worldtradex courses scam of this review, there was only one webinar scheduled and it was in Spanish. Also, I signed up via email for educational ebooks but never received them. I appreciate that the analysis covers a wide range of markets, including cryptocurrencies.
New traders should familiarize themselves with the top menu icons, which offer several advantages. Here is a screenshot after launching the worldtradex MT4 trading platform following installation, without modifications. Here is a screenshot of swap rates at worldtradex for the EUR/USD from the MT4 trading platform. Kenyan resident clients will be serviced through through the Kenyan Capital Markets Authority (CMA) regulated subsidiary. First Prudential Markets LTD remains authorized by the Cyprus Securities and Exchange Commission (CySEC), a leading tier 1 Forex regulator. EEA traders get an investor compensation fund limited to €20,000 per client.
worldtradex Commission Fees
The Islamic accounts are available on both MT4 and MT5 trading platforms but not available on the Iress platform. A demo account is available on all trading platforms for beginners so that they can gain insight into trading and are able to polish their trading skills in a safe environment. For example, the virtual balance on an MT4 demo account is $100,000. Every asset class from stocks to cryptocurrencies is available to trade on a demo account. Not only beginners, but also experienced traders are welcome to try new trading strategies and features.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The material does not contain (and should not be construed as containing) investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument. It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. The team answered the call in under 5 minutes and successfully resolved our queries over the phone.
How can I start trading with worldtradex?
worldtradex offers a variety of withdrawal methods to suit your preferences. Enjoy the advantage of minimal spreads starting from 0.0 pips and easily trade these ETFs through your worldtradex account. worldtradex offers a wide range of assets and instruments for trading. Exness offers access to Forex and CFD instruments on a secure and globally recognized platform. Social Trading is the process in which traders learn about the trades of professional traders and their strategies, and analyze the performance of those trades using statistical data. The free webinars are available to meet the needs of traders from all skill levels.
worldtradex Inactivity Fees
When you fund money to worldtradex, money is in a segregated bank account that is separate from worldtradex company’s funds. As a regulated broker, worldtradex cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by worldtradex. Instead, your worldtradex funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with worldtradex.
For Iress accounts, a higher minimum deposit of 1000 AUD is required in Australia. The CFD broker boasts a TrustPilot score of 4.9 out of 5 from 5,478 reviews, indicating high levels of client satisfaction and trust in the broker’s services. A proprietary web platform would add to its unique value proposition. The trust score was pulled lower due to having multiple offshore entities. Third-party account insurance for all clients would be a welcome addition, especially for those holding accounts at the offshore entity.
The volatility of the markets lets you determine whether to buy or to sell. With the right use of technical analysis, together with the knowledge of charting, you will be able to have good trading results. This makes total sense because Technical Analysis is a method of analyzing the markets and predicting price movements.
- New traders should familiarize themselves with the top menu icons, which offer several advantages.
- Brokerage firms like worldtradex may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms.
- The information is collected from all available cTrader servers across multiple brokers.
- With a solid foundation in low-cost trading and continuous improvements in services and platforms, worldtradex continues to be a preferred choice for traders globally.
- Plus, it has a multi-chart display, multiple inbuilt indicators, and graphical objects.
At the time of this review, worldtradex neither provides bonuses nor grants special promotions. While the worldtradex Trading App only supports rudimentary charting tools, MT4, MT5, and cTrader come with a similarly advanced package as its more powerful desktop versions. Despite the availability, the screen size and absence of multi-screen support make complex analytics impossible to conduct. A social trading broker with its proprietary CrowdTrading platform. Cryptoasset investing is highly volatile and unregulated in some EU countries.
Australian clients will deal with the subsidiary, regulated by the Australian Securities and Investments Commission (ASIC) – a tier 1 regulator, First Prudential Markets PTY LTD. worldtradex operates under the protection of the Act of Grace mechanism under section 65 of the Public Governance Performance and Accountability Act 2013. Australian clients remain shielded from potential damages by the Scheme for Compensation for Detriment caused by Defective Administration (CDDA Scheme).
This is free to download in Google Play for Android and in AppStore for iOS. worldtradex offers its clients the advantage of trading CFDs across forex, equities, indices, commodities, futures, and cryptocurrencies from a single account. This broker promotes fast execution, convenience, and customer satisfaction.
It maintains an elevated level of transparency and has established itself as a reliable broker. It continues to earn the trust of clients for over fifteen years and counting. The account opening process at worldtradex follows well-established industry practices but requires some more data than many international competitors.
Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team. The CompareForexBrokers team created a trading platform selector so you can work out what trading software best matches your trading needs.
Beyond these standard hours, the broker ensures that support remains available, accommodating its global clientele. Multi-channel support is a highlight, offering live chat, email, and phone support, enhancing accessibility and allowing traders to choose their preferred communication method. Additionally, worldtradex maintains a comprehensive FAQ section and provides educational resources on its website, empowering traders with the tools to address common queries independently. worldtradex’ trading platforms are designed to support efficient trading with competitive spreads, enabling traders to effectively capitalize on market opportunities.