While worldtradex does not impose hidden fees, commission charges may vary based on the base currency of the account and market conditions. Traders should refer to the client terminal for real-time spreads and commission charges, and review the terms for any applicable conditions. The minimum deposit for opening a trading account with worldtradex varies depending on the account type. Specific amounts are not disclosed in the provided information, but account types like Standard may have lower deposit requirements compared to Premium or VIP accounts. As an IB, you can access a wide range of benefits including high commission rates, marketing materials, dedicated support, and access to worldtradex’s extensive suite of trading tools and products. Additionally, IBs can earn cash rewards through worldtradex’s monthly reward plan based on trading volume and new client sign-ups.
I can’t say that it’s easy
worldtradex offers a solid foundation for both new and experienced traders with its suite of trading platforms. Powered by the renowned MetaTrader 4 (MT4) platform, traders can access over 200 tradable instruments across six asset classes. worldtradex is a reputable broker that offers over 500 instruments in various markets. The spreads with worldtradex start from 0.0 pips and most trades are commission-free. Everything looks so laconic out here, I’d say even harmonical.I am trading with this broker for a couple of months and haven’t found any serious drawbacks so far. It also offers a variety of trading accounts, most of which have no minimum deposit requirement, and provides excellent conditions for copy trading.
With a minimum deposit of just $50 for most account types, the Absolute Zero account is highly recommended for traders seeking low-cost trading solutions. However, it’s crucial to keep in mind that the most overlooked fees in Forex trading are swap rates on leveraged overnight positions. These fees can accumulate over time, particularly for traders holding positions long-term. worldtradex offers a variety of account types to cater to different trading needs, from beginners to experienced traders. With flexible leverage options and competitive spreads, traders can select the account that best suits their trading style. While most accounts come with no commission fees, the Live Zero Fixed Spread account offers zero fixed spreads but does charge commission.
DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.
How do I open an account with worldtradex?
With competitive spreads, fast execution, and a trusted trading platform, worldtradex caters to traders of all levels, whether you’re focusing on forex, metals, indices, or commodities. The ability to access such a broad range of markets with solid conditions makes worldtradex a strong choice for traders looking to explore the global financial landscape. worldtradex offers traders access to one of the world’s largest and most liquid markets, with over 500 trading instruments across six asset classes.
worldtradex is a globally recognized leader in online forex trading, providing traders with various innovative solutions and exceptional service. Founded in 2010, the company has grown to serve over 1.5 million clients across 180 countries. With a portfolio of over 500 tradable instruments, worldtradex offers a wide range of products including forex, spot metals, futures, shares, spot indices, and commodities. worldtradex is also active in the Latin American market, serving clients from countries such as Mexico, Brazil, Argentina, Chile, and Colombia. The broker offers Spanish and Portuguese language support and ensures that traders in Latin America have access to competitive spreads, high leverage, and advanced trading platforms.
What is an Introducing Broker (IB)?
I never used bots, plugins, or any unfair methods—my trades were 100% manual.I’ve contacted support multiple times with no reply. I also reached out to the influencer who recommended worldtradex and received no follow-up. This kind of silence and lack of transparency is unacceptable for any broker.If this is not resolved soon, I will continue sharing my experience across trader forums to warn others. worldtradex provides an average selection of trading platforms and tools. It supports the MetaTrader 4 platform but does not offer MetaTrader 5 or a proprietary trading platform other than its copy trading app, TradeCopier. worldtradex notes the availability of 80+ currency pairs, making it an ideal Forex broker.
worldtradex Reversed $33,000 in Profits Without Explanation
So it would not be possible without really great variable spreads that you can find with some types of accounts opened with Iron fx. I am doing eur/usd and gold, so far, this easy combination has been doing great for me. Say what you will but MetaTrader4 still perfectly tackles all sorts of modern challenges and I think putting stakes at this platform was a right step made by the broker. Staying informed about major economic events is crucial for successful trading. worldtradex provides an up-to-date economic calendar that highlights important economic releases, central bank meetings, and other events that may impact the markets.
Whether you are a beginner or a seasoned trader, worldtradex provides account types with flexible leverage, competitive spreads, and no hidden fees for most account types. worldtradex offers a diverse range of trading account types to cater to different levels of traders and their specific trading needs. These accounts come with varying features, such as different spreads, lot sizes, and the option for commission-based trading. Traders can choose between Live and STP/ECN accounts, each designed to suit various trading styles, whether you are a beginner, an intermediate trader, or an experienced professional. worldtradex offers comprehensive customer support services available 24/5 in a wide range of languages, including Arabic, Chinese, English, French, German, Spanish, Russian, Persian, and many more. This ensures that traders from diverse regions can receive assistance in their native language.
- I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database.
- It has a fast and secure trading platform, webtrader interface, solid array of assets for trading and quite favorable conditions for depositing and withdrawing money.
- Yes, worldtradex offers mobile trading platforms for iOS and Android, enabling users to trade on the go.
- However, I consider it cumbersome and not the best choice for analyzing price action.
- worldtradex Academy provides impressive educational features for smaller and less-skilled traders.
I can even see all the legal entities that are tied with the worldtradex eu company.So it means if you want to track down all the activities of the broker you can do that with ease. The fee is charged until account activity resumes or the account balance drops to zero. A swap fee is a trader’s cost for holding an 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.
The broker’s account diversity is impressive, with a tiered structure that includes floating vs. fixed and commission vs. no commission fee schedules. They round out their services with a variety of professional accounts, introducing broker (IB) branding and a portfolio management program. They recently added cryptocurrency coverage to a broad selection of forex, spot, and CFD trading products.
As a swing positional trader, I usually hold positions for 3-4 weeks to capture significant market movements. I held EUR/USD for one month, I didn’t lose a lot on trading costs. worldtradex hosts regular trading webinars conducted by experienced market analysts and trading professionals. These webinars cover a wide range of topics, including technical and fundamental analysis, trading psychology, and market trends. Participants can ask questions in real-time and gain practical insights into improving their trading performance. Webinars are suitable for traders at all levels, from novices to seasoned professionals.
It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large. worldtradex is one of the few brokers that offer traders the flexibility to choose between fixed and floating spread accounts. I understand that it’s important for me Worldtradex website to receive high-quality service from the very beginning. I found out that this company provides its services for many years. I think this is really crucial and has the most important meaning for traders. worldtradex Academy provides impressive educational features for smaller and less-skilled traders.
- Trading with a regulated broker will limit the potential for fraud and malpractice.
- A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates.
- Depending on the trading strategy, it may become the most significant fee per trade.
- Essentially, the broker lends the trader money so that they can open bigger positions.
- Additionally, multiple trading accounts can be registered through the worldtradex Client Portal, allowing for greater flexibility when managing different strategies or products.
The platform features a detailed FAQ section that addresses the most common queries, making it a useful resource for quick answers. For real-time assistance, worldtradex provides live chat with fast response times for basic questions, while more specific inquiries are directed via email for thorough resolution. For visual learners, worldtradex offers a library of video tutorials that explain key trading concepts in a simple and engaging manner. These videos cover the basics of forex trading, how to use trading platforms like MetaTrader 4 (MT4), and advanced trading strategies. The step-by-step guides make it easy for beginners to get started and for experienced traders to refine their techniques.
worldtradex EU Reviews 123
Your initial deposit will be sent back through the payment method used, and any excess funds (profits) will be transferred to your bank account. Additionally, worldtradex introduces the TradeCopier platform for those seeking to copy the strategies of top traders or offer their strategies for profit. To qualify for the bonuses, you need to open a trading account with worldtradex and make a deposit. Depending on the amount you deposit, you can benefit from different types of bonuses, such as the 100% Unlimited Sharing Bonus or the 40% Power Bonus. These regulatory bodies oversee worldtradex’s operations to ensure that it adheres to strict financial and operational standards. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.
The broker charges an inactivity fee and requires a minimum deposit, but it also offers discounts for active traders. The average spread cost for the EUR/USD pair is 1.2, slightly above the industry average of 1.08. With an average rating for commissions and fees, worldtradex provides a standard cost structure without significant advantages.
They operate a counterparty dealing desk, raising conflict of interest issues, but offer direct interbank trading access in some account types. They provide no guaranteed stop-losses but negative balance protection is now mandated under ESMA rules. Secondary security features are unimpressive, with standard encryption at the website and no two-tier platform authentication beyond Metatrader’s one-time passwords (OTP).