We compared worldtradex Group with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts. worldtradex Group received a High score for the efficiency and convenience of its deposit and withdrawal processes. I have been trading with worldtradex Global since 2020 and I found this is very comfortable and also much trusted.
Tradable Instruments
- With a diverse asset offering, worldtradex is a strong choice for those looking to explore multiple markets within a single platform.
- My chase led me to the worldtradex, where I found a treasure trove of academical stuff for traders of all levels.
- They must have optimized the app quite a bit, cuz on my phone, when I click on the app, it enters FAST!
- In exchange, there’s a volume-based fee of $7/lot round turn (which is in line with the industry standards).
The required minimum deposit for the worldtradex Islamic account varies, ranging from $5 to $1000. Notably, the worldtradex Islamic account stands out in the industry for not applying higher spread mark-ups as a substitute for these fees. This account type at worldtradex is available only under FSC, and makes available over 1300 shares as CFD, and 100 as real, with commissions starting from 0,10% of the volume. In this account type, stocks are not traded only as CFD, but also as real, which make this account better for Worldtradex official site long term investing. The worldtradex Shares account is tailored to those traders who want to invest in the stock market. The worldtradex Micro account is tailored for traders who prefer to trade with smaller lot sizing.
worldtradex Live Accounts
You would usually need to fund your worldtradex trading account using traditional methods like bank transfers, credit/debit cards, or e-wallets. Basically, if you are a trader from the country that regulates the broker, you will follow the rules of your country. And if you are a trader from outside the regulated country, you will use the trading term chosen by the broker. Usually, the broker will choose a regulator that has more favorable trading conditions, such as allowing high leverage and minimum deposit. In comparison, the worldtradex Standard Ultra-Low account has a lower requirement, starting from 0.01 lots trading volume and a limit of 50 lots per ticket.
By reading this review, you will gain a better understanding of whether worldtradex is the right broker for your trading needs and preferences. The platforms available at worldtradex provide stop losses, take profit, limit orders, and trailing stops. There are also basic trading indicators like the Stochastic Oscillator along with other tools to facilitate both technical and fundamental analysis. The primary sources of income for worldtradex are spreads and trading commissions.
Limiting Your Risk When Trading with worldtradex Negative Balance Protection
While these indices cover all the major markets, the selection is somewhat limited compared to other brokers that typically offer between 15 to 20 indices. However, the inclusion of key indices still offers opportunities for traders to speculate on broad market trends. In addition to its forex offerings, worldtradex gives traders access to a wide range of commodities.
worldtradex MetaTrader 5 has many advanced trading tools for more advanced users.Understanding these https://worldtradex.biz/ tools can give you a competitive edge. worldtradex have won numerious industry awards over the 16 years they have been operating as a financial broker. 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. They must have optimized the app quite a bit, cuz on my phone, when I click on the app, it enters FAST!
Community share experiences, tips and tricks
The worldtradex web platform combines strong trading features together with a simple UI. Expert Advisors (EAs) supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), arming traders with superior charting tools, technical indicators, and automated trading powers. Beneficial in rapidly moving markets, the platform features a one-click trading capability that lets trades be quickly executed. As conlcusion of this worldtradex review we can say that the broker offers a high quality service. The clients of the company can trade over 1000 instruments in three main jurisdictions, and can receive support in 30 languages. So in general this is regulated broker with very good competitive conditions.
While trading highly liquid instruments during both the European and US sessions, we encountered a mix of slippage along with price improvement, typically within a range of no more than two pips either way. In our opinion, the withdrawal hierarchy process may cause confusion, leading to some of the dissatisfaction, delays, and payment issues mentioned in some of the client reviews. However, in our experience the receipt of funds for the withdrawal to our debit card was within 24 hours.
Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs are all available on worldtradex. worldtradex are a multi regulated broker in various jurisdictions such as Cyprus, Belize, Dubai and South Africa. On the other hand, as we noticed worldtradex has a limited portfolio for EU clients, and outside EU clients there is no good investor protection.
- Also, this allows you to check what is the support, deposit withdrawal process, etc.
- Minimum deposit of $5 applies to Standard, Micro, and also Ultra-Low Accounts.
- They’re not here for 1 day and are not trying to ‘wow’ or bedazzle, no fancy sales or offers, but I don’t need that so I’m quite fine.
- During our review, we discovered that, whilst opening a live account involves a greater amount of form filling, the process could be completed within five minutes.
- The task becomes even more daunting when considering the vast number of online brokers like worldtradex available, each with unique features, fees, and regulations.
- Furthermore, traders under worldtradex’s Belize regulation can open a Shares Account to trade actual shares of major US, UK, and German companies.
Social Trading
worldtradex clients from European Economic Area (EEA) countries are provided with investor protection of up to €20,000 through CySEC. worldtradex also offers worldtradex TV, podcasts and news feeds from Reuters, an Economic Calendar, along with YouTube Shorts and daily technical stories. worldtradex offers mobile versions of both MetaTrader 4 and MetaTrader 5, available for Android and iOS devices. Withdrawals via bank wire and debit card usually take 2-5 business days to reach the client’s account. Multiple payment methods are available depending on the worldtradex entity such as Credit Card, Debit Card, Skrill, Neteller, Wire Transfer, Perfect Money, Apple Pay, Google Wallet etc.
I’ve been trading with worldtradex Group for a while, and honestly, everything’s been smooth so far. Last week I decided to withdraw $250 back to my credit card — did it through the personal area, nothing complicated at all.The money hit my card in about two days, no issues, no extra fees. That’s exactly the kind of reliability I was hoping for when I signed up. I’ve used a few other brokers before where withdrawals were a headache — here it just works.Overall, I like how worldtradex keeps things simple and clear. If you’re looking for a broker where you can actually get your money out without drama — this one’s a solid pick.
For EUR/USD, the real (not marketing) spread for me its almost always 1 pip, on the dot, for my account type. For BTCUSD, its usually below $70, which is actually less than 0.13%, very good for crypto. For CHFSGD, which I’m a big fan off, my spread with worldtradex is typically pips, its actually very small for this pair. Very nice to just daytrade, don’t need to hold positions for long and dont need to try to time it just right. I found a new asset for me here at worldtradex, didn’t think of trading it before I’ve seen the conditions.
The company was founded in 2009 and in just over 15 years it has attracted over 15 million clients from 190 countries all over the world. The broker prides on 10.3+ billion trades executed with zero requotes or rejections. All these tools are more of an auxiliary nature, giving traders the opportunity to build up their own experience and their own views on trading systems and trading.
worldtradex are able to accommodate various levels of traders whether you are experienced or a beginner. We aim to provide you with all the information in this worldtradex review you need to determine if worldtradex is the right fit for you. But we don’t stop there – we also offer valuable insights into other great alternatives to worldtradex, so you can make a more informed decision and compare other brokers against worldtradex. In addition, there are very well-organized tutorials, videos and tools at your disposal. In terms of research tools and Market materials, it is in good order at worldtradex too. Along with News Feed, Technical Summaries and Technical Analysis, worldtradex provides Fundamental Analysis and Trade Ideas suitable for beginning or advanced traders.
As a result, the broker client’s funds are stored in segregated accounts at top-tier international institutions like Barclays Bank. worldtradex also has an educational blog that keeps you updated with the global financial markets. Fund withdrawals via eWallets are generally credited to your account the same day. However, if you choose bank wire transfers or cards, it could take 2-5 days to receive the credit.
