The customer support is okay—they resolved my issue with a delayed withdrawal within 48 hours. While the fees are reasonable, I think they could improve the educational resources for beginners. It’s not bad, but there are platforms with more modern tools and features. worldtradex offers lower fees than most forex brokers based on our evaluation. The MT5 Global account is particularly competitive, with spreads from 0.0 and a commission up to $2, which is significantly lower than most alternatives. With the MT5 Global account, you have access to 50 forex instruments, the Standard account offers 47 pairs and the ECN 45 pairs.
Our tests show that only a select few brokers, such as Saxo Bank, can rival worldtradex when it comes to the number of trading products. On the downside, our research has revealed that swap-free accounts are not available. The Bullish Bears trade alerts include both day trade and swing trade alert signals. These are stocks that we post daily in our Discord for our community members. Brokers brag about their rates, like chat rooms claiming to help thousands of traders.
SPREADS
In our assessment, worldtradex is best for active forex traders looking for ultra-tight spreads with ECN pricing and fast execution speeds. Support is available 24/7 which stands up well against competitors we have tested. We aren’t impressed with the additional trading features available. Based on our evaluation, there aren’t many forex tools to improve the trading experience. Importantly, forex can be traded via contracts for difference (CFDs). This type of derivative allows traders to go long or short on currencies.
New Zealand Stock Exchange
You can keep track of current economic data using the provided Economic Calendar. You can see previous, forecasted and actual results of each economic release. The collective assessment suggests worldtradex represents a strong value proposition for specific trader profiles while presenting notable limitations for others. The broker excels in providing competitive pricing, diverse platform options, and solid security measures that satisfy regulatory requirements.
CQG is available in various different high-end terminals both for investors and for speculative traders. This includes CQG Integrated Client, CQG Spreader, CQG QTrader, CQG Trader & CQG Desktop. You will find that worldtradex have a great variety of flexible and powerful trading platforms suitable for all styles and levels of traders.
- Forex and CFD Standard trading accounts and MT5 global accounts do not involve any commission charges as these accounts are designed for beginners and professional traders.
- Cost-conscious traders would appreciate its competitive spreads, reflecting the broker’s commitment to affordability.
- worldtradex is a well-establishedinternational broker that serves clients in more than 130 countries.
- worldtradex offers a wide range of trading instruments with sophisticated platform features catering to both trading newbies and market veterans.
- There are various factors to consider when making a decision, but the safest brokers are well-regulated ones.
Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. Trading and investing in financial instruments comes with a high degree of risk and you can lose money. You should only engage in any such activity only if you are fully aware of the relevant risks. worldtradex offer professional customer support 24/7 via online chat, telephone and email.
To use the CQG platform,worldtradex requires at least a $3,000 account balance. MetaTrader 5 is the successor to theMetaTrader 4 platform, allowing traders to trade CFDs, stocks, and other assetsin addition to forex. worldtradex offers MT5 through its MT5 Global account, available indesktop, smartphone, and web app versions.
- Deposits are processed within one business day while withdrawals can take up to 3 days.
- Our independence from brokers and the companies we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria.
- However, most withdrawals are charged 0.20% – 2.5% of the withdrawal amount.
- It allows for practicetrading without risking real funds, offering a way to become familiar withtheir trading conditions.
- Spread charges and minimum lot charges are also crucial charges to consider as these charges vary on the trade size for different accounts.
For example, the Standard account offers a reduced list of metals and CFDs in addition to forex. The Forex Standard account offers commission-free trading with spreads from 0.5 pips. This is noticeably tighter than the variable spread accounts at the majority of brokerages. With low rates and a suite of platforms, worldtradex aims to meet the needs of various traders. The first option is Joint with Rights of Survivorship (JTWROS), and the second is with Tenants in Common (JTIC)s, which offers custodial and trust accounts. worldtradex offers 24/7 customer service,which can be contacted via online chat, email, or telephone.
Spread charges and minimum lot charges are also crucial charges to consider as these charges vary on the trade size for different accounts. However, the minimum initial deposit amount to open the account is $ 100 that may vary in different accounts. The broker understands the importance of good customer service and provides 24/7 customer support via email, live chat, and over the phone. Overall, the available platforms offered by this broker are great and traders of different needs will easily find what they are looking for. worldtradex offers both investment and market speculation opportunities to its clients. To support traders in making informed decisions, worldtradex offers a variety of educational and research resources.
worldtradex fees compared to AvaTrade fees
They have a section of their website dedicated to frequently updated news articles. The comprehensive account verification process, while described as “cumbersome” by some users, is generally understood as necessary for maintaining security standards. worldtradex operates as a US deep discount brokerage owned by WhoTrades, Inc., a Russian-owned company since 2015. If you leave your account unused over a long period, worldtradex will charge an inactivity fee. So, you want to keep your account active and engaged to avoid withdrawal restrictions. ForexBrokersOnline.com earns money from affiliation deals with our partners.
Distinctive features
Developed by software company MetaQuotes, MetaTrader is one of the most popular trading platforms, used by millions of traders worldwide. It is known for its user-friendly interface and implemented trading tools. MetaTrader is freely available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). The mobile apps and web platforms are useful for those who wish to trade whilst on the go from anywhere at any time.
Account holders get tight spreads with a very low commission rate, plus access to the powerful MetaTrader 5 platform. They provide contact options including online chat, email,and telephone. Lightspeed Trader is a platform designedfor professional traders who prioritize reliable market data, extremely lowlatency, and high performance. worldtradex delivers varieties of accounts depending upon the Traders’ financial requirements. A customer needs to have a minimum balance of $2500 to start trading.
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. The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” This is an account for beginners who want to understand how the currency market works, and practice trading without any financial risk. I also think demo accounts can be a great way to practice a new trading strategy and see what a broker has to offer before making a commitment. Secondly, Worldtradex the ROX platform is a trading platform aimed mostly at stock and options trading in the US, Canada, Mexico, and several European countries.
While users on the J2TX platform can only fund their accounts with Ethereum bought via Visa or MasterCard, forex and CFD traders with the broker have more options available. Among these are all the traditional payment methods such as bank transfer, major credit and debit cards, and e-wallet services like Skrill, Neteller, WebMoney, Qiwi, and many others. Sterling Trader® Pro is a platformspecifically intended for professional traders and proprietary tradingorganizations. It provides features that prioritize performance andfunctionality for navigating competitive markets. It is widely utilized in theindustry and offers access to over 50 execution routes and venues, includingDMA, dark liquidity providers, market makers, floor brokers, and smart routes. Our review indicates that the brokerage and its trading platforms feature a host of market analysis tools to trade.