Alternatively, you can open a free demo account if you prefer to get a feel for what the broker has to offer. This can be a great way to see if they will meet your specific needs. I think they can be a good choice for anyone who is looking for convenient trading in a regulated environment. worldtradex offers a wide range of trading instruments with sophisticated platform features catering to both trading newbies and market veterans.
In addition, we’ll guide you through account opening step-by-step. Traders also have the option to open Islamic and demo accounts with worldtradex broker to cater to diverse trading needs. The Islamic account complies with Sharia law by eliminating interest charges, making it suitable for Muslim traders.
User Trust Scores and Reviews of worldtradex Broker
worldtradex provides a free, web-based platform that’s more advanced than most brokerage platforms. You get real-time streaming data and analysis and level II market data. Also, the layout is customizable, with over a dozen widgets available to open or close anytime. For example, widgets include charting, orders, basket orders, option chains, market depth, news, stock info, and watch list windows. worldtradex offers a variety of account types to cater to different trading needs and experience levels. Each account type is designed with specific features to suit various trading strategies and preferences.
In a worldtradex trading account, the commission charges are waived off in MT5 Global and Forex and CFD standard accounts. While opening the worldtradex trading account, charges that the trader has to pay to the broker at different periods and different services are important aspects to consider. Know everything about the live trading account, MT5 trading account, demo account and Forex ECN account, and more to choose the most suitable one for you.
We are certified stock broker review & comparison website working with multiple partners. Yes, worldtradex is safe to trade for both new traders and professional traders. There are several tradable assets in which the traders can do Spot Trading, such as cryptocurrencies, CFDs, Forex, etc.
worldtradex fees compared to AvaTrade fees
There is an initial deposit charged to access the trading account. A demo account is meant for new traders to learn trading traits and get practical knowledge of placing trading orders. Once you open the account with this broker, you can first opt for a demo account to take a tour of the account and the trading market. Yes, worldtradex provides the facility of online trading via its live trading account.
Leave a review about the broker
worldtradex offers a comprehensive selection of trading instruments, catering to a wide range of investment preferences. Clients have access to various asset classes, enabling diversified portfolio construction. It enables the customer to get a certain bonus and use it for multiple benefits. A demo account is available to people with the worldtradex+ and Sterling Trader Pro. worldtradex+ is a browser-based platform that has some powerful features which are similar to level II data.
When comparing alternatives, users highlight several key differentiators. On pricing, worldtradex consistently ranks favorably against full-service brokers but faces stronger competition from other discount brokers for lower-volume traders. The CyprusSecurities and Exchange Commission (CySEC) regulates the broker (license number281/15). worldtradex follows theEuropean Securities and Markets Authority’s (ESMA) regulatory framework andparticipates in the Investor Compensation Fund. These regulatory associationsprovide monitoring and potential protection for traders’ funds.
That being said, the platforms built-in tools should be more than enough for most traders. The broker offers various methods for account funding, including bank transfer, Bitcoin, credit/debit card, crypto, Neteller, POLi, PayPal, Skrill, and iDeal. However, most withdrawals are charged 0.20% – 2.5% of the withdrawal amount. The brokerage offers Basic and Pro accounts, ensuring that both trading enthusiasts and seasoned investors find an accommodating trading environment.
Leverage
First of all, there are different types of accounts suitable for beginners and seasoned traders. For self-sufficient traders seeking execution efficiency at competitive rates, worldtradex merits serious consideration despite its educational limitations. The decisive factor appears to be aligning your current trading knowledge, capital availability, and specific market interests with the broker’s strengths. Experienced traders generally find this limitation inconsequential, as they typically rely on external research tools rather than broker-provided education. However, beginning traders frequently report needing to supplement with third-party educational resources to compensate for this gap. The crypto trading fee structure features a flat 0.35% transaction fee, which many reviewers note is higher than specialized crypto exchanges.
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- Once verified by the worldtradex account team, you can then fund your account and commence trading.
- The Bullish Bears trade alerts include both day trade and swing trade alert signals.
- Alternatively, you can open a free demo account if you prefer to get a feel for what the broker has to offer.
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The investor’s compensation fund has worldtradex as one of its members. Reduction in FORTS rate, Zero Commission, Zero Rates in the MICEX market, etc. are beneficial deals that worldtradex offers. The platform further has already-configured options, including Covered Calls, Iron Condors, etc. Wire transfer, OFX transfer, ACH transfer help in the funding of a worldtradex account.
- There is an initial deposit charged to access the trading account.
- Spreads on this account type start from 0 pips with a $2 per lot commission charged.
- First of all, there are different types of accounts suitable for beginners and seasoned traders.
- Additionally, the availability of demo accounts allows new traders to practice and build confidence without risking real capital.
The broker has been providing online brokerage services since 2006 and are trusted by 155,000+ clients from 130 countries. They cater for retail and institutional clients with the possibility of integrating third-party trading programs through an Open API. In this review of worldtradex, we’ll discuss the broker’s safety policies and regulations, trading platforms, account types, trading fees, and more.
In the per-share plan, there has to be a minimum of $2500 in the trading account, and once the approval comes, the commission gets decided according to the trading volume per month. One of them is -trade schedule with equity transactions costing $2.50. It offers market and limits orders on close, and the time duration can be set today or for extended hours. With customizable charts and Worldtradex courses scam real-time data streaming, it is browser-based.
Meanwhile, the demo account allows new and experienced traders to practice strategies in a risk-free environment using virtual funds. CQGTrading Platform – CQG offers access to over 40 globalexchanges, providing market data and order routing for futures, options, andtheir combinations. While thebasic desktop CQG platform is free, there are charges for upgraded features anddata packages. worldtradex requires a $3,000 account minimum for trading withthis platform. MetaTrader5 -MetaTrader 5 is a multi-asset trading platformsupporting stocks, futures, forex, and CFDs.
And unlike many other brokers, this includes not only CFDs and forex pairs, but also actual futures contracts, options, and stocks that can be traded directly from the relevant exchange. These platforms provide traders with a range of trading tools and features to execute their trading strategies effectively across various markets. This account features a minimum deposit amount of $100, nobrokerage commission, and negative balance protection. Commission charges are waived off in most of the trading accounts.
However, some drawbacks include varying withdrawal fees, a relatively high inactivity fee, and mixed customer reviews on platforms like Trustpilot. Despite these concerns, worldtradex remains a competitive brokerage for traders who prioritize low spreads, direct market access, and a wide selection of tradable assets. worldtradex offers a wide range of tradable instruments, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks. There are more than 30,000 instruments available through various trading platforms and account types. The broker also provides a range of trading platforms including MetaTrader 4, MetaTrader 5, CQG, J2TX, and Sterling Trader Pro. In a world full of trading possibilities, worldtradex is a solid choice for investors seeking a seamless blend of affordability and top-notch trading platforms.