All platforms come without charge, however, broker provides educational material on how to get them running. worldtradex’s support for the Sirix Social WebTrader platform lets you access financial markets and recent trades. You can also access a network of other traders so you can review their past performance and copy their trades in your own account if you wish.
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This account type provides superior execution speeds and competitive pricing, making it ideal for experienced traders looking for advanced features, exclusive perks, and optimal trading conditions. worldtradex offers a variety of account types tailored to different trading needs and experience levels. The Micro Account requires a minimum deposit of $100, making it ideal for beginners or those with smaller capital. For more experienced traders, the Premium Account requires a $1,000 deposit, offering tighter spreads and better trading conditions.
With Bitcoin wallet this would mean the total value of your wallet is being reduced. An FX withdrawal takes between one and ten business days, dependent on the payment processors and the geographic location of traders. worldtradex accepts traders resident in most countries except the USA, Iran, Cuba, Sudan, Syria, and North Korea. worldtradex has traders from 180 countries, making it one of the most accessible brokers. worldtradex is a multi-regulated broker, and account verification is mandatory. Most traders will pass verification after submitting a copy of their ID and one proof of residency document.
- For the Micro Account, the minimum deposit starts at $100, which is ideal for beginner traders or those looking to start with a smaller investment.
- worldtradex does not charge deposit fees, but your payment provider may apply their own fees, so it’s essential to check with them before making a deposit.
- worldtradex is authorized and regulated by the Financial Sector Conduct Authority.
- This may be a weak point for the broker but it should not bother traders, especially since MT4 is familiar to most of them.
CFDs are available on shares by Walt Disney, Cisco Systems, Facebook, JPMorgan Chase & Co., HP, Apple, HSBC, eBay, Google, Lloyds, Samsung Electronics, Airbus, and many more. Trading on spot metals is similar to Forex trading – traders can speculate on the prices of precious metals, taking short or long positions. With metals such as gold and silver, traders can hedge against risk and make their investment portfolio more diverse and well-balanced. Precious metals have always been valuable but their prices are less affected by supply and demand, unlike other commodities. Usually, the price of gold, for instance, is a function of the current sentiment.
What is the minimum deposit for each account type?
To put bluntly you have done your money and when you complain you get a call no it can’t be stopped but if you deposit some you may get a profit. Our team were also pleased to see that the broker offers negative balance protection, meaning traders cannot lose more than their account balance. When we used worldtradex, our experts also found that scalping, hedging, intraday trading and swing trading are all accepted. worldtradex also offers an economic calendar while a VPS is available for $30 per month or with a minimum deposit of $5,000. Each demo account imitates real trading conditions, the only difference is virtual money is used.
The broker is also regulated by the Australian Securities and Investments Commission (ASIC) and with this license, the broker is authorized to operate in Australia, New Zealand, and South Africa. worldtradex offers Micro, Premium, and VIP accounts with minimum deposits ranging from $100 to $10,000. Each account is tailored to different trading needs and experience levels. worldtradex offers flexible minimum deposits starting at $100 for the Micro Account, scaling to $1,000 and $10,000 for Premium and VIP accounts, with no broker deposit fees. I like that I can select from a lot of accounts at absolutely any point, giving me the full range functionality of the platform.
worldtradex Trading Hours (GMT +
I am really impressed with the variety of accounts and think it is very advantageous how you can choose depending on what matters the most to you, whether that be low spreads or no commission fee. I would personally be looking at the zero spread account as I use trading strategies that rely on low spreads at all times. I don’t mind paying the small commission fee as the broker needs to cover costs somehow.
All BrokerNotes content is researched, fact-checked, and edited by the research team. To add your worldtradex account to MT4, you have to first ‘Register’ with the broker by filling out some basic info like your name, country, base currency and your preferred password. Once the download is complete, log in by choosing ‘Open a new account,’ select Worldtradex worldtradex, and enter your MT4 username and password that you received in the worldtradex welcome email. In addition, worldtradex offers expert fundamental and technical analysis, as well as a news feed and a good selection of video tutorials and written educational material.
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- The maker fee for exchange transactions is as low as 0.20%, while the taker fee is as low as 0.28%.
- Of course, if you are moving large amounts then you might notice more of a difference.
- Experts will have no problem finding what they need, however the first two categories might get a bit lost.
- The payment method also comes with the PMA token, which is the means of value in the PumaPay system and works like most cryptocurrencies.
Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. 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. Offers an unusually broad variety of trading account types that should suit most traders, and traders can register multiple account types. All account types allow traders to access a Dedicated Account Manager on a 24/5 basis and the Dealing Department Transaction Hotline.
Here is my opinion about trading conditions of this broker and how they correspond to my trading.Company provides quite favorable spreads. And thirdly, broker provides a wide range of financial instruments, including currency pairs. Also offers zero-commission trading for UK residents with fairly competitive dealing spreads that can either be fixed or variable, depending on the account type you select. They provide fast trade execution speeds with no requotes and spread starting from just 0.0 pips.
Note, the broker is planning to introduce MetaTrader 5 (MT5) to its platform offering, which will bring more advanced analysis tools and trading features for experienced traders. UK traders can make deposits directly in pounds sterling (GBP), as well as in USD, EUR, AUD, JPY, CHF, PLN, RUB and HUF. Deposits made in different currencies are converted to the base currency of your trading account at prevailing exchange rates.
worldtradex Forex Review
Additionally, worldtradex provides several attractive deposit bonuses, such as the 100% Unlimited Sharing Bonus and the 40% Power Bonus, to help clients maximize their trading potential. While these bonuses can boost trading capacity, it’s essential to remember that they cannot be withdrawn, and trading always involves risks. Available options include Debit/Credit Card, Neteller, FasaPay, Perfect Money and more. worldtradex offers trading on copper futures, as well as energy futures – US light sweet Crude oil, Brent Crude oil, and natural gas. Unlike hard commodities like metals and oil, soft commodities are typically agricultural products that are being grown rather than mined. The soft commodity futures on worldtradex include cord, wheat, rice, soybeans, coffee, cocoa, sugar, and cotton.
VPS hosting exists for algorithmic traders and copy trading services are also available with a balanced asset selection and active trading community. Official website has an easy-to-read format with links to all the basic areas you might find useful or have questions about. In addition to a helpful FAQ and some educational material, the website offers the latest market news and in-house expert analysis, as does its free mobile research app.
Clients are supported in over 30 languages, 24/5, and can access their personal trading account from MT4 on desktop or trade on the go. In addition, the broker offers daily, updated educational and market news delivered by a multi-lingual professional research team. Entering the financial markets with worldtradex is simple, transparent and supportive for all levels of investors. worldtradex’s fee structure, competitive spreads, and absence of commissions on most accounts provide a cost-effective trading environment. This clarity and flexibility in pricing make worldtradex an appealing choice for traders who prioritize low trading costs while seeking diverse trading opportunities. With tight spreads, competitive pricing, and expert market analysis, worldtradex ensures traders can maximize their opportunities and enhance their trading experience.
Finally, check any minimum deposit bonus terms and conditions when you register for an account as they are subject to change. Also, the broker charges a sizeable 3% of deposited funds when withdrawals are requested during periods of inactivity. Armed with account login details, you will get straightforward order execution, with instant execution and pending orders available. MT4 promises advanced charts with nine timeframes, over 30 built-in technical indicators, real-time news, plus automated trading capabilities. The MT4 platform can also be upgraded through MetaTrader’s Market and Signals, where users can buy technical indicators, add-ons, and signals for copy trading.
The worldtradex website itself is translated into 14 languages, which will definitely make it easier for most traders to find information too. In case traders want to copy other experienced trades in a form of social trading, worldtradex also offers the Mirror Account. The payment method also comes with the PMA token, which is the means of value in the PumaPay system and works like most cryptocurrencies. worldtradex gives its clients great exposure to global markets and industry-leading companies from the United States, Europe, the United Kingdom, and more.
worldtradex offers an array of exciting bonuses and promotions designed to enhance the trading experience for both new and experienced traders. With unique opportunities like the “Battle of Traders,” which features a substantial $500,000 prize pool, traders can showcase their skills in a competitive environment. worldtradex stands out for its extensive range of account types and trading instruments, catering to various trader preferences. In a way we get paradox of choice – similar one as with the accounts, however,here are things much easier for everyone – because all platforms can be used at the same time with one MT4 account. worldtradex notes the availability of 80+ currency pairs, making it an ideal Forex broker.
