Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. worldtradex is a globally recognised award-winning CFD broker offering a great range of trading products and services to retail traders and institutional investors. The broker has a good choice of over 300 tradable assets, a variety of account types, spreads from as low as 0.0 pips and excellent support in over 30 languages. If you prefer a fixed spread for your trading strategy then you could consider a no commission account. These tend to have higher marked up spreads but you do not pay a commission on trades.
Special Features
The free worldtradex Research app allows clients to look at stock market data, financial viewpoints, and videos in an easy-to-use format. However, stale and outdated information undermines the app’s enormous potential, with the most recent entries going back several years in some cases. The „Live Economic News“ showed up to date reports, but „Live Currency Quotes“ produced a dead link. The „Intraday Comment“ section had a single 18-month old entry about the Eurozone.
There may be fees charged when using certain payment methods but I generally found them to be negligible. Of course, if you are moving large amounts then you might notice more of a difference. Trading accounts can be opened in a generous range of currencies which are USD, EUR, GBP, AUD, JPY, BTC, PLN and CZK.
worldtradex Main Features
This means that they must comply with stringent national and international regulatory authorities and demonstrates their commitment to maintaining high business standards and ethics. Trading with a regulated broker can give clients confidence peace of mind that they have full security, by using a company that operates with the upmost transparency and integrity. I would personally have no issue in trusting them with my funds and can therefore trade without worrying. They take a customer focused approach and are committed to providing the highest standard of services with full transparency to clients.
Support
The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed. If you are looking for the smallest possible spreads (starting from 0 pips), then you may consider the zero spread accounts. These do charge a very competitive commission which varies depending on the level of the account. I must admit that the commission is not the lowest I have seen, but I also feel that the quality of the broker makes it worthwhile. There is an excellent selection of forex currency pairs (major, minor and exotics) to trade, 24 hours a day, 5 days a week.
It also incorporates the sophisticated TradingCentral service, which is a comprehensive market research tool. worldtradex is a forex and CFD broker that is headquartered in Cyprus and also has offices in the UK, South Africa, and elsewhere. The company serves traders globally and is regulated in several jurisdictions, including FCA and FSCA, along with one unregulated entity.
- worldtradex provides the industry-leading MetaTrader 4 (MT4) platform, favored for its advanced algorithmic trading capabilities and user-friendly interface.
- Whereas more experienced traders can always find something new to add to their skills and improve their knowledge.
- Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.
- He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years.
- We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
Participants can join these events and compete for top spots, earning valuable rewards along the way. They are highly informative and cover a wide range of topics – from the basics of technical analysis to the intricacies of trading psychology. They are in multiple languages, making them quite accessible to a larger number of traders. I checked worldtradex’s multiple educational materials and found them highly practical. There is something for everybody, from the seasoned expert to the novice rookie.
These fees can accumulate over time, particularly for traders holding positions long-term. worldtradex has its own Academy where you can learn via seminars and webinars, or find out about an expo to attend. worldtradex has its own set of trading tools, such as calculators for margins, pips, and currency conversions.
Appealing trading terms
Money managers can also benefit from a personal multi-account manager (PMAM) that allows trading of multiple Metatrader accounts. Professionals trading their own accounts may wish to look elsewhere, despite tiered pricing, due to the lack of volume discounts or a proprietary high-end trading platform. Finally, the fine print advises that spreads widen significantly during volatile and off-market periods, even with fixed spread accounts. Where many brokers only offer a few accounts, worldtradex have a great range of different trading accounts to cater to the needs of many different styles of traders. There are accounts with floating spreads, fixed spreads, no commission and spreads starting from zero.
From the client portal, navigate to “Transactions”, select ‘withdraw’ and follow the instructions. The company’s past and present sponsorships with global brands, such as the https://worldtradex.club/ Korean diving team and sailing athlete Marilena Makri, have set it apart from other brokers. AETOS Security Management, now known as AETOS Holdings Pte Ltd, is a Singaporean company providing security services to a wide range of clientele. The company is officially an auxiliary police force permitted to be armed under regulations from the Police Force Act 2004.
Content covers essential trading topics, such as technical and fundamental analyses, risk management, and trading psychology. What stood out the most to me in worldtradex’s offering is its comprehensive research content. The broker publishes its in-house materials regularly, and it also incorporates the popular TradingCentral service. Content is available in written and video formats, making it more accessible and easy to grasp. The trading ideas and market analyses are well-researched and with a clear focus.
However, I consider the lack of an instruments search tool to be the biggest drawback of the platform. You have to scroll through the entire list of available instruments in order to find the asset you are looking for, which I find tedious and unnecessary. You have your watchlists, indicators, and other tools on the left side of the window, a chart screen on the right, and account info at the bottom.
A swap fee is a trader’s cost for holding an https://worldtradex.pro/ open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. worldtradex also offers a Demo Account, and in the past a Cashback Account, which unfortunately is no longer available. If you have traded with worldtradex we would really like to know about your experience – please submit your own review.