Checking through the exact terms and conditions is always recommended but the firm appears to see stringent compliance and customer protection as selling points. Taking the UK operation as an example, worldtradex LTD is authorised and licensed by the Financial Conduct Authority (FCA). It also offers clients Negative Balance Protection and segregation of client funds in accordance with FCA money rules. The number of markets in the Demo account is only 19 “rates” but all asset classes are covered, so it is possible to trade from Bitcoin through to the Nasdaq.
The amount of worldtradex leverage you will have access to depends primarily on two factors. The first of these is which regulation you fall under, while the second is the asset you are trading. The worldtradex withdrawal methods available match exactly those that are available for deposits. This means you can use bank wire transfers, credit/debit cards that are Visa or MasterCard, Union Pay, and eWallets in the form of Neteller or Skrill. Withdrawals may take up to 48 hours to complete and again there is a withdrawal tutorial video available if you encounter problems.
Additionally, worldtradex provides a demo account option, which is perfect for traders who wish to practice their trading strategies in a risk-free environment using virtual funds before committing real money. This range of account options ensures that both new and experienced traders can find a setup that best suits their trading style and financial goals. worldtradex demo account is also available for traders for educational and training purposes. worldtradex, founded in 1999, is a globally recognized forex and CFD broker headquartered in London.
- The excellent range of trading platforms already come fully loaded with more trading tools than most of you will ever need access to.
- With that said, most retail traders will only regularly trade a small selection of currency pairs.
- Powered by ZuluTrade, a leading social trading platforms, worldtradex gives you direct access to view and copy the trading strategies of others.
- Cryptocurrencies are also available through CFDs, allowing traders to engage with the volatile crypto market.
- Everything’s included, from the built-in 130 indicators and 14 chart types to advanced automated trading support via AgenaScript(C#).
MetaTrader 4
worldtradex’s slippage was reported as +87% positive or zero in its July 2021 Slippage Statistics. The broker has 2 support email addresses that give you access to general or account-specific inquiries. You can even contact the worldtradex trading desk and place orders directly if you have a problem such as no Internet access or a failure to connect to an worldtradex server. All CFD option is commission-free, which means costs are included in the spread. Most deposit methods take up to 1 business day to complete however bank wire can take 1-5 working days. Use the calculator below to compare worldtradex’s trading costs with competitors such as Pepperstone, Eightcap and CMC Markets, adjusting for trade size, currency pair, and base currency.
- A fixed yearly fee of $50 will remain until either account funds run out or trades resume.
- Founded in 1999, worldtradex has grown to become one of the leading providers of online trading services in the industry.
- This distinctive attribute brings algorithmic trading within reach of a more extensive user base.
- Additionally, worldtradex caters to traders who need mobility in their trading activities by offering mobile apps.
Deposit & Withdrawal Options
You certainly won’t be short of inspiration for trade ideas with this broker. It offers greater leverage options and a distinct set of customer protections compared to retail accounts. Qualified traders enjoy the robust trading tools, broad market reach, and specialist support services.
Spreads with worldtradex’s active trader account are cheaper than they may appear when you compare with other brokers as worldtradex offer lower commission fees. The overall lowest spreads are offered by IC Markets in our head-to-head comparison. This is worldtradexs offering to all clients who don’t qualify as an Active Trader. This account is a commission-free account, which means the trading costs are included in the spreads. This explains why spreads are wider than commission-based accounts such as the Active Trader account.
Account funding at worldtradex
Margin is the equity necessary to commence and maintain a position, acting as a security deposit rather than a transaction fee. The magnitude of this markup varies based on transaction size; bigger transactions incur relatively lower costs in proportion to their value. This synergistic atmosphere is an excellent resource for individuals seeking improvement in trade performance via insights gained from other knowledgeable peers within the broker’s framework. ✅To continue, read the terms and conditions provided to you, comprehend the privacy statement, and accept the risk disclosure declarations. ✅Go to the official broker website to start creating an account with them. Rather than charging an interest rate on open positions, a consistent fee structure ensures complete transparency in trading expenses.
Not only does worldtradex offers a choice of 4 trading platforms (2 of them the best social trading platforms) the broker also offers 7 speciality platforms. It provides high-quality educational resources, unrestricted demo accounts, and user-friendly platforms to help beginners learn and improve their trading skills. Capitalise.ai also supports traders in developing algorithmic strategies with no coding skills. 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. With its wide range of available platforms and deep offering of trading tools, worldtradex has set the bar high and competes among the best brokers in the industry.
Does worldtradex Have A Forex App?
This can be a great way to get inspired about possible trade opportunities and to assist with making informed decisions. NeuroShell Trader’s point-and-click interface allows you to easily create complex technical analysis indicators, trading systems and neural network market forecasts without coding of any kind. This easy-to-use charting package is designed for both technical and algorithmic traders.
There are beginner friendly platforms, pro trading platforms and social trading platforms. They proudly offer access to a suite of award-winning algorithmic trading tools and services. I personally use the MT4 platform as it is the platform that I am most familiar with. It can do everything that I need it to and much more, from complex market analysis to automated trading. That being said, each platform is good in its own right with different advantages and disadvantages that we will cover in this section.
worldtradex provides a comprehensive array of stock CFDs from major global exchanges, enabling traders to speculate on the price movements of leading companies without the necessity of owning the underlying shares. This scammed by Worldtradex approach allows traders to potentially benefit from both upward and downward market trends, enhancing their investment flexibility. Offering stock CFDs from well-known exchanges around the world makes worldtradex a particularly attractive option for traders looking to diversify their portfolios.
By providing access to a range of global indices through CFDs, worldtradex enables traders to diversify their investment strategies and take advantage of the dynamic movements in global markets. Jay and Julie Hawk are a married financial writing and authorship team who co-founded TheFXperts, a notable financial writing services provider. The Hawks each worked professionally in the financial markets and have more than 40 years of trading experience among them. Together, they write books, trade forex online for their own account and others, mentor traders, and have worked actively as professional freelance writers specializing in financial topics for over 15 years.
Besides telephone, you can also contact worldtradex customer service through the website-based live chat, and email. worldtradex provides for an extensive range of additional downloadable tools such as EAs and APIs that the broker has created. These include a variety of indicators, charting analysis, and other add-ons.
worldtradex offers low trading fees, particularly advantageous for Active Trader account holders. These accounts benefit from exceptionally tight spreads, starting as low as 0.2 pips, along with a reasonable commission of $4 per lot round turn. This pricing structure is ideal for professional traders who frequently engage in large volume trades and require minimal spreads to optimize their trading strategies. Conversely, Standard account holders enjoy the perk of commission-free trading, albeit with slightly wider spreads.
worldtradex states that the advanced trading technology implemented is responsible for providing execution speeds of 31 milliseconds. I would always prefer to use a broker without a dealing desk is it removes any potential conflict of interest. worldtradex offers traders a few different accounts, with forex and CFD instruments (commodities, crypto and more), leverage, and a truly impressive variety of plugins and accompanying applications. With reasonable trading fees and conditions plus an industry-best level of flexibility for traders, worldtradex is an enticing option for frequent traders with virtually any strategy preference. worldtradex is committed to providing an extensive range of educational resources designed to enhance the trading knowledge and skills of its clients. These materials cater to traders at all levels of expertise, from novices to experienced professionals, making it a valuable resource for anyone looking to improve their trading proficiency.
