Trading financial instruments such as foreign currency markets and other financial instruments involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows https://lunarcapital.team/ you to control larger positions with less capital, increasing both the potential for profit and loss. Negative balance protection is important for traders using leverage on platforms like worldtradex. In an unfavourable market move, leverage can result in a loss that exceeds the trader’s account balance, leaving them with a negative account balance. If a worldtradex trading position does not go in your favour, this is where negative balance protection comes in handy.
- worldtradex provides traders with access to a variety of research and educational tools designed to enhance trading knowledge and skills.
- I was trading with another broker previously, and after I pressed the buy or sell button, there was a little time to wait for the trade to be executed.
- However, it’s important to note that some of the products we discuss are from our partners.
- All information on 55brokers.com is only published for general information purposes.
- worldtradex offers a solid range of educational content, including articles and ebooks.
- The Cyprus Investor Compensation Fund (ICF) protects retail trades in the event of insolvency up to €20,000.
What is the minimum deposit for worldtradex?
Although traders have had great success with worldtradex, trading on the financial markets with worldtradex is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors’ deposits. worldtradex has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, worldtradex will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like worldtradex, you can enjoy peace of mind and focus on your trading activities.If worldtradex violate any regulatory rules their regulated status could be stripped.
Trading Fees
Between 74-89% of retail investor accounts lose money when trading CFDs. If you’re interested in comparing worldtradex against other popular brokers in the industry, check out our worldtradex Vs pages. Our team has compiled a series of detailed worldtradex comparison articles, pitting the worldtradex platform against some of the best-rated worldtradex competitors in the market. Dive into our informative worldtradex Vs pages below to find out how worldtradex stacks up against other leading brokers.
Deposit and Withdrawal Options
Practice your forex trading skills or test new strategies with zero investment. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. worldtradex has been operating since 2010 and stands out for its highly competitive trading fees and fast order execution.
While worldtradex does not offer stock trading, its comprehensive selection of other instruments, combined with competitive spreads, positions it as a strong choice for traders focused on forex and CFDs. Whether you’re trading major currency pairs or exploring commodity markets, worldtradex provides the necessary tools and instruments to engage effectively in global financial markets. The worldtradex MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give worldtradex traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, worldtradex provides traders with everything they need to succeed.
Technology and Execution Speed
- Once completed, worldtradex users can download the trading platform of their choice.
- worldtradex caters to a diverse range of traders by offering various account types, including Standard, XL ECN, and Advanced ECN accounts.
- They do not provide live chat support, and their phone and email support can also be slow.
- worldtradex Broker is based on the ECN/ STP trading solution while all orders are routed and matched in the electronically configured network through the liquidity pools of institutional providers and market quotes.
- This review explores worldtradex’s features, pricing, regulation, and suitability for various types of traders.
I am happy with the selection of fee-free funding methods accepted by worldtradex, which supports Visa/Mastercard, bank wire transfers, cryptocurrency and four e-wallets – Skrill, Neteller, EeziePay and AWEpay. This makes it easy for global traders to get started with the forex broker. The account stands out as a competitive option for traders of all experience levels.
On the negative side, there is a slim selection of trading platforms with access to MetaTrader 4 (MT4) only. Our team is also disappointed by the withdrawal fees and weak regulatory oversight through the offshore branch. MetaTrader 4 and MetaTrader 5 are a series of advanced trading platforms designed by MetaQuotes Software Corporation a software development company established in 2000. Since its inception, MetaQuotes has built an unrivalled reputation for innovation, consistently delivering intuitive and powerful trading platforms, services, and solutions for market participants worldwide. A responsive and knowledgeable customer support team is a hallmark of worldtradex. Traders can access assistance via live chat, email, or phone, ensuring prompt resolution of queries.
These are useful resources, but worldtradex still lags some behind industry leaders like eToro with its comprehensive forex education academy. Our team rates worldtradex’s execution model, which combines straight-through processing (STP) and electronic communication network (ECN) to ensure fast and high-quality execution with low pricing. CENTRAL CLEARING Ltd and regulated by Mwali InternationalServices Authority (MISA) as an InternationalBrokerage and Clearing Housewith Licensing Number BFX202408. Our License Checker verifies the validity of EU, UK and UAE broker licenses in near real-time. However, no investor compensation fund available in the Comoros should worldtradex, or one of its counterparties, become insolvent. If this is important to you, we suggest opening an account with an alternative broker, such as FxPro or AvaTrade.
They dont have their own cooked up half-working trade platform, instead its tried and tested MT4 which is the best trading platform for retail by far. Since my last review of worldtradex almost a year ago, I would have expected the broker to expand its tradable instruments offering, but it still has the same limited number of assets. In my estimation, worldtradex’s clients would benefit greatly if the broker introduced more share CFDs, ETFs, and futures contracts for a broader and more diverse general offering. The service is available for free to accounts with a funded and maintained balance of at least $2,500 that also achieve a monthly traded volume of at least 30 lots.
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. The withdrawal may take up to seven business days depending on the payment method but usually withdrawals are processed much faster. As for the consistency the Broker performs quite good operation along all the years and we didnt find serious breach of rules or fines imposed. In addition, real traders comments (which you may check underneath our review too) are mostly positive and there are many satisfied and happy traders at worldtradex which is another plus to its clarity. However, the payments we receive can influence the products, companies, or services we highlight and evaluate.
On both platforms, placing a trade is a quick and straightforward affair that can be completed in a couple of clicks via the ‘Market Watch’ window or even more smoothly by turning on one-click trading. worldtradex supports trading via the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, with MT5 added in 2025. This is low compared to many brokers, but it’s still a downside since rivals like Vantage charge nothing, making them a better fit for casual traders. I really like the ‘average spread tool’ available on the broker’s website which displays fees over recent trading sessions. This is a rare feature that you don’t see at many rivals, and a promising sign of transparency. In our experience, the 0.2-pip average spread on EUR/USD is far tighter than most commission-free accounts, which regularly charge 1 pip or more for this major pair.
In addition, currency conversion fees may apply if the worldtradex withdrawal and receiving currencies differ, adding to the overall transaction costs. Awareness of these worldtradex fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your worldtradex funds. 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. The deposit is low, the MetaTrader 4 platform is one of the best for forex trading, and the tight spreads through the ECN model are competitive.
On the flip side, there are no share CFDs, copy trading isn’t supported, and the research content is a bit limited. For further information regarding the Payment Service Providers please visit the deposit methods page.
