You can benefit from a range of competitive trading conditions, such as low spreads from 0.0 pips, zero commission fees and reliable execution speeds. There is only one trading account type but several payment methods for you to choose from. Beginners can take advantage of some basic educational content and see what the broker has to offer with a demo account. The broker has solutions for money managers and those of you who want to copy trading signals from other trades. However, there aren’t any individual stocks to trade and there is an inactivity if you do not trade enough. That being said, I think that the broker can be a feasible option for day traders who are looking to primarily trade forex or cryptos.

Most payments are processed within 24 hours, though transaction times may vary. worldtradex also offers several trading calculators, helping traders count their margin, suitable size for their trades, general market exposure, and more. These are available from the broker’s website with free access to all. I tested the desktop version of the MetaTrader 4 platform, which features multiple essential tools, such as one-click trading, an alarm setting option, and a market depth tool.

Indices

• worldtradex, established in 2010, prides itself on being a pioneer in Electronic Communication Network (ECN) forex trading.
• These platforms are versatile and cater to traders at all levels, ensuring seamless trading across all devices.
• Focusing primarily on trading  opportunities in forex and CFDs, worldtradex does not offer classic investment opportunities like purchase and hold of Shares.

In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. worldtradex operates two entities — one based in Europe and another in Comoros.

We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. I was a bit cautious when I saw that XL account is the only option; but the conditions are quite enticing, so I ended up opening one (Thankfully, they made is swap free on my request).

MetaTrader Platforms

Ryan Peterson is a seasoned personal finance writer with a Bachelor’s Degree in Business from Indiana University. I take advantage of broker’s competitive pricing and market execution to apply trading bots. Perhaps, it’s one of the most significant characteristics for traders. It’s a good broker for intraday trading because trading conditions allow to earn on every move.

Security is a paramount concern for traders, and worldtradex addresses this with a commitment to maintaining a secure trading environment. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), adding an extra layer of credibility and assurance for traders. worldtradex could offer more in terms of trading tools and reduce or eliminate its withdrawal fees, but these are minor complaints. This makes the broker a worthwhile option for serious forex traders who will also enjoy the VPS service and MT4 support. Having tested hundreds of forex brokers, I feel that the worldtradex’s education section is fairly average, with a decent range of materials available but nothing that stands out.

Getting reliable and best forex brokers is a necessity if you are looking to reduce your effort and time when trading online. Apart from the various trading tools that you will find built into the MT4 trading platform, you are provided with some useful standalone trading tools to help get the most out of your trading. These tools include a Free VPS, Economic Calendar, Economic Analysis and Forex Live Charts. However, other important tools for market analysis such as Trading Central and AutoChartist aren’t available at worldtradex. If you would like access to these industry leading signal generating tools, then GO Markets provide both. That being said, I think MT4 should have more than enough tools for most of you, especially if you are just looking to follow market prices and place or manage trades with minimal fuss.

Consider Trading with worldtradex If:

Our experts however cannot recommend this broker over others from our trusted list. Review of their terms and conditions, however, shows that there are regional and other eligibility restrictions. For instance, anyone registering from a CySEC regulated region is not able to accept a bonus.

Spreads, Commissions, and Fees:

• The broker uses a price aggregator to ensure that counterparty orders use the best bid and ask prices currently available.
• DayTrading.com may receive compensation from the brands or services mentioned on this website.
• On the downside, worldtradex supports accounts in just a few currencies (USD, EUR, GBP), with USD only for wire transfers.
• However, profits can only be withdrawn to a bank account or a crypto wallet.
• You just need to click on the ‘Register’ button at the top-right corner of the brokers website.
• Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.

In addition to forex, worldtradex offers a variety of commodities, including popular options like gold, silver, and oil, which are ideal for those seeking to hedge or invest in physical assets. Furthermore, the platform supports major cryptocurrencies, offering modern trading opportunities for digital asset enthusiasts. worldtradex also provides access to stocks and indices, allowing traders to engage in diverse trading strategies. In the following paragraphs, we will explore each of these tradable instruments in greater detail, highlighting the unique features and opportunities they present. In conclusion, worldtradex stands out in the competitive forex brokerage landscape by offering a reliable and transparent trading environment. The broker’s commitment to technological excellence, diverse account options, and client-focused services make it a compelling choice for traders seeking precision in their forex endeavors.

Forex Fees

Additionally, it offers managed accounts on which professional traders and account managers can trade on behalf of retail traders with worldtradex. However, its rugged chart screens and order-placing capabilities are outclassed by newer and sleeker platforms. The platform accommodates basic technical analysis and automated trading. The broker does not charge a handling fee for deposits – only for withdrawals. Furthermore, it covers any banking fees that may be applied by the payment processor.

Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. The broker lets you trade the available financial instruments using the MT4 trading platform. The software offers an impressive array of analytical tools, including nine timeframes and four chart types for each financial instrument to ensure detailed market analysis. CySEC works under an extensive set of regulatory guidelines proposed by the ECB and the MiFID, as per the input and supervision of individual regulatory agencies across Europe.

I rank trading costs among the most defining Worldtradex forex broker aspects when evaluating an exchange, as they directly impact profitability. worldtradex offers traders a competitive commission-free trading environment. The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which worldtradex transparently displays on its website. worldtradex deploys an ECN/STP execution model and does not manipulate quotes.

worldtradex Leverage

I think the client dashboard and website could do with an overhaul though – they are pretty dated. The very first thing I noticed when I started trading with the ECN XL account was the instant execution. I was trading with another broker previously, and after I pressed the buy or sell button, there was a little time to wait for the trade to be executed. So many times my trades were executed at a different price than the one I saw on the chart.Here things are completely different.

If you want to trade Forex but don’t know where­ to start, you can easily choose from the Forex brokers list that we provided above. These brokers offer software tools that conne­ct traders to the foreign e­xchange market and enable­ seamless currency pair transactions. Despite offering crypto trading 24/7, worldtradex does not offer 24/7 customer support. If you are planning to trade crypto on the weekend and encounter any issues, you may only contact support on the coming Monday.

worldtradex provides trading in over 70 major, minor and exotic currency pairs, with especially tight forex dealing spreads. Spot gold contracts for difference (CFD) can be traded against the U.S. dollar and the EU euro, while spot silver, palladium and platinum contracts can only be traded against the U.S. dollar. You can also trade Spot US Crude Oil (WTI) and Spot UK Brent Oil (BRENT) contracts. Founded in 2010 by a group of forex market professionals, Forex Central Clearing Corp. (worldtradex) decided to build on their vast market experience to become the most customer centric forex broker in the business. worldtradex’s main objective consists of empowering its clients with all the necessary tools to develop their trading skills while providing an unparalleled trading experience on the popular MetaTrader 4 (MT4) platform.

The broker provides live chat and email support, ensuring that help is readily available. Customer service operates 24 hours a day, Monday through Friday, allowing traders to access assistance during market hours. worldtradex offers traders a transparent fee structure with no trading commissions under its ECN XL account, relying solely on competitive spreads. The broker focuses on keeping costs low, making it a popular choice among cost-conscious traders.