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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, worldtradex broker’s main weaknesses are its lack of offering MT5 trading platform and higher-than-average spreads on Standard (1.6 pips), Premium (1.4 pips), and VIP (1.2 pips). By providing these free, easy-to-digest educational materials, worldtradex aims to empower traders with the knowledge they need to navigate the financial markets confidently. These account types are perfect for traders who don’t want to pay commission on thier trades.
I cannot find any reason for the platform to lack popularity, considering its services. Sure I would like to see a few improvements on the platform, but it is really darn fine. Founded in 2013, Tradingpedia aims at providing its readers accurate and actual financial news coverage. Our website is focused on major segments in financial markets – stocks, currencies and commodities, and interactive in-depth explanation of key economic events and indicators.
Account Type
Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. Our over 15 years of experience in financial markets and high technical knowledge aid in precise and timely identifications.
This type of trading allows investors to speculate and make a profit by taking long or short positions, use leverage and enjoy tight spreads and a 0.10% commission taken by worldtradex. Besides, shares, especially when traded from long-term positions, are very stable and provide a reliable generation of profit. MT4 is ideal for forex traders, offering advanced charting tools and a variety of indicators. MT5 offers more advanced capabilities, such as additional timeframes and more order types, which might appeal to traders looking for more flexibility in their strategies. Things are different for silver and platinum – silver is still traded for industrial purposes, as platinum, which is also much rarer than silver or gold. With tight spreads as low as 0.04 and 1% margin requirements, worldtradex offers its clients a great opportunity to profit from the global gold and silver markets.
Competitive spreads (from 1.8 pips)
worldtradex is an online forex and CFD broker that offers a wide range of trading instruments and services designed for both novice and experienced traders. It is well-known for its competitive spreads, various account types, and access to popular trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These features make worldtradex an appealing choice for beginner traders who are looking to start their trading journey with a trusted broker. worldtradex provides a solid and comprehensive platform for beginners, with user-friendly tools, educational resources, and competitive trading conditions. While the broker faces some customer service complaints and issues with withdrawal processing times, it remains a reputable choice for traders.
- Right now, trading feels like the only way to earn, with markets dropping so much.
- EAs are automated trading bots, which can be customized by the trader and used for robot trading based on preset rules and conditions.
- Digital wallets or e-wallets are fast, secure, and convenient methods to send and receive electronic payments.
It’s worth noting that Trustpilot has detected and removed some fake reviews for worldtradex, indicating they take review integrity seriously. As with any broker, it’s advisable to conduct thorough due diligence before opening an account. When choosing a broker, it’s crucial to consider their reputation and trustworthiness. worldtradex broker received a 4.4 rating from over 280 reviews on Reviews.io website. These bonuses can significantly boost your trading capital, allowing you to explore new strategies with less risk. It’s been a wonderful one year trading here and it’s always felt very peaceful and smooth.
“The Customer service is great”
- MetaTrader 4 or MT4 can be downloaded directly from the worldtradex website for those who prefer the downloadable software package.
- worldtradex processes payments in several different currencies and deposits in any other currency would be converted into the base currency of the client account.
- For beginners looking for a reliable and flexible broker, worldtradex offers a range of features to get started.
- The ECN broker manages to consolidate quotes from several participants, which is why spreads here start from 0.0 pips and are typically very tight.
- When registering their account, worldtradex can opt for the following languages – English, German, Spanish, French, Italian, Portuguese, Polish, Russian, Japanese, Arabic, Korean, and Chinese.
The FCA has issued a license to 8Safe UK Limited, which operates worldtradex in the country. The deposit fees are typically free of charge, but withdrawal fees may apply depending on the payment method. Processing times vary, with some methods offering instant transfers and others requiring several business days. 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 STP/ECN Zero Spread is an ECN account and ECN stands for Electronic Communications Network. With this type of account, traders receive direct access to other participants in the market. The ECN broker manages to consolidate quotes from several participants, which is why spreads here start from 0.0 pips and are typically very tight. A commission is charged, however, because the broker needs to be compensated in some way. VIP members benefit from even better conditions – for instance, the spreads are tighter, around 1.4.
These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency. 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. Yes, worldtradex provides a comprehensive suite of educational materials for traders of all levels.
worldtradex Commissions & Fees
However, this type of account is offered only to traders who make deposits of $10,000 or more and have the US dollar (USD) as their base account currency. Digital wallets or e-wallets are fast, secure, and convenient methods to send and receive electronic payments. worldtradex accepts several different e-wallets such as the widely popular Neteller and Skrill, as well as FasaPay, a Malaysian e-wallet that is accepted by various FX brokers.
We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. worldtradex holds a mixed reputation online, with both positive and negative reviews from users. While many traders appreciate the broker’s competitive spreads and educational resources, some users report slow withdrawal processing times and occasional customer service issues. Overall, worldtradex maintains a strong market presence and continues to be a popular choice among traders, despite a few drawbacks. The broker charges an inactivity fee and requires a minimum deposit, but it also offers discounts for active traders.
ECN and VIP accounts are ideal for more experienced traders, offering lower spreads and additional features such as commission charges. worldtradex offers a variety of trading instruments that allow traders to diversify their portfolios. These instruments include forex, stocks, commodities, indices, and cryptocurrencies, making worldtradex a versatile broker for a wide range of trading strategies. Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading Worldtradex cheating tools and strategies. “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning.
TradeCopier Platform allows automatic replication of trades from experienced traders in real-time, which is suitable for beginners, time-constrained traders, or those looking to diversify strategies. worldtradex offers an innovative copy trading solution through its TradeCopier platform. This allows traders to leverage the expertise of successful traders or share their own strategies with others. worldtradex provides traders with the MetaTrader 4 trading platform on various devices, including Android, iOS, Desktop, and Mac. This platform is also available on web browsers for traders who prefer not to download external apps. It is easy to be a part of fthem, and it is even entertaining to watch as other traders progress.The broker as not really as popular as it should be.
The Premium Account is for traders who can afford to deposit at least $1,000. All base currencies can be registered and Premium Account holders will enjoy no commission on trades. The broker offers CFDs on several commodities, including Brent Crude and West Texas Intermediate (WTI) oil.