Tried to make contact but I found Denis and a few others quite rude and unhelpful. Do not deposit if you are not prepared to fight for weeks to get that money back. Also, worldtradex’s trading platform, especially TradingStation (desktop and mobile) is very user-friendly. worldtradex’s market scanner allows for rapid scanning of Forex and CFDs based on selected technical parameters.

Inactivity Fee

It is compatible with ZuluTrade, which was the original social trading platform. Additionally, you can enjoy some element of social trading on the other trading platforms via trading signals and expert advisors. As you review worldtradex’s fees and commissions, you will notice that the broker is highly competitive in this area. Spreads¹ for the EUR/USD start at 1.3 pips as per worldtradex’s spread report (Q1 2021), and there are no fees for deposits or most withdrawal methods.

• Traders can access worldtradex on the go using either the mobile-optimized version of the proprietary Trading Station platform or the reliable MT4 application.
• Learn how regulators protect traders and how the Forex market is regulated.
• They have received everything from “best forex trading platform” to “best forex research team.”.
• The account provides a great way for beginners to learn and practice strategies without any financial risk.

XCM offers one live account with trading costs included in its variable spreads. This means that the spread will fluctuate and get wider or tighter depending on trading volume and market volatility. Overall, at 13 USD per lot traded, worldtradex’s trading costs are higher than the industry average. The trading costs on the EUR/USD at other good brokers tend to be around 9 USD per lot traded. While its spread-based accounts typically offer competitive pricing, they may not always be as cost-effective as brokers like IC Markets or Pepperstone, which are known for having lower spreads. However, worldtradex’s commission-based Worldtradex accounts could be an appealing choice for traders who prefer a more predictable fee structure.

Guide to Forex Trading Regulation

These tools cover all necessary aspects for successful trading, from identifying market entry and exit opportunities to analyzing financial data and current volatility. Analytics from the company’s experts and access to research through eFXplus add extra value, making this broker one of the best for analytics provided. Trading Station is worldtradex’s proprietary platform for experienced and novice traders. It features high functionality, including advanced charting tools, various indicators, and automated trading capabilities.

• While the automated MT4 platform has the advantage of Expert Advisers to inform all trades.
• There are specific trade names for the UK, France, South Africa, and Australia.
• It is available under CySEC, FCA, ASIC, and FSCA, providing access to over 100 markets.
• However, it’s important to note that some of the products we discuss are from our partners.

worldtradex is regulated by four authorities, the FCA, CySEC, ASIC, and FSCA, and has global offices. Its majority economic owner is publicly traded on the NYSE, and the broker segregates client funds and offers negative balance protection to clients onboarded under worldtradex AU, worldtradex EU and worldtradex LTD. As an worldtradex client, you’ll also benefit from trading with an experienced broker with a good reputation.

The broker reserves the right to determine if you employ an arbitrage strategy. One critical aspect contributing to worldtradex’s reliability is its regulation across multiple jurisdictions. These regulators ensure high protection and transparency for the broker’s clients, which fosters increased trust and dependability. In addition to the platform tutorial videos in the Forex Video Library, you can also review worldtradex videos on educational topics for all skill levels. There is an entire section of videos for ‘New to Forex’ that is ideal if you are a beginner, as is the ‘Order Types’ section.

Research Tools worldtradex

worldtradex is a market maker broker that is transparent about both its execution policy and its slippage statistics. The Good Till Canceled Market Orders drop this to just 0.033 seconds or 33 miliseconds. You can open an account with worldtradex in a matter of minutes and begin trading incredibly quickly. With a minimum deposit of just $50 (depending on payment method), trading with worldtradex is highly accessible, even if you are a beginner who is not sure of how much they want to trade. Our worldtradex broker review team is pleased to let you know that, if you are trading from within the UK or the EU, your funds are protected in the rare event that the broker files for insolvency.

Fees & Commissions

Newer traders can https://worldtradex.world/ access a wealth of educational resources, an unlimited demo account and reliable customer support, while algorithmic traders can take advantage of worldtradex’s automated trading software. worldtradex offers a ‘forex simulator’ that provides traders with a realistic and risk-free environment to practice their trading strategies. The simulator is designed to replicate live market conditions and allows traders to execute trades, monitor price movements, and analyze their performance without risking actual capital. It offers the full suite of assets with micro-lot trading, leverage in line with regulatory requirements, plus the broker’s four trading platforms. FxScouts helps traders across the globe by meticulously testing and reviewing online brokers and providing Forex education and market analysis.

Here you can see their growth and return and choose to copy them if you like. worldtradex is a well-known broker amongst retail traders and professionals alike. It was founded all the way back in 1999 and has had its fair share of ups and downs. This review covers everything you can expect to find from this online international forex CFD broker.

Trading Restrictions

I could eliminate this by going with the dealing desk but who wants to do that & if I can’t make $ on $500 why would I add another $1K. BTW, I just withdrew $100 yesterday and it is showing up in my bank today which is a plus. The broker offers one account type where you are able to trade CFDs in the form of forex, stocks, commodities, indices, and crypto. Potential new clients should consider that there are multiple sites for this broker depending on the region. The sites and details differ, so it is best to visit the appropriate site for your location.

Traders are also required to fill in their contact information, employment status, and financial status. All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions.

This is excellent news if you are a beginner or someone who does not want to have to calculate commissions into their potential profits. Please note that all listed spreads at worldtradex are derived from the tradable prices from 2021 Q1. The broker offers variable spreads, however, and these are subject to delay.

This is likely because it is easy to use, reliable, fast, and provides helpful information. Moreover, unlike other top-tier brokers (and top-tier brokers that allow copy trading), worldtradex does not have a dedicated page for the account you will open. As such, we can’t give you details on the account, such as base currency, leverage, and other conditions. You will need to sift through the worldtradex site to find out if the information is available.