BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you. Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice.
Research and Educational Materials
Please consider contacting a professional advisor if you require any financial assistance. worldtradex claims to speak over 25 languages and customer support is available through all the usual communication channels. We were satisfied by the availability of human support, which is an excellent feature for novice traders. It is difficult to think of what they could do more to support their customers. If you are a trader registered under the worldtradex Global entity (Belize regulation) you can have a Shares Account which means that you can trade the underlying company shares (i.e. not just the CFDs). There are 100 to choose from and are all major US, UK and German companies.
Multiple Industry Awards
If you are looking for a platform that is easy and straightforward to use and that looks after their users, worldtradex could be the right option for you. Stay informed with daily market updates and analysis from the worldtradex Research Team. Explore some of our must-have products that keep everyone trading with us time and again. Enter the world’s most liquid market with the confidence of having a leading broker at your side. There are nearly 1300 individual stock CFDs from 18 countries around the world.
The website is jam-packed with content to give traders the most assistance they could ask for on their journey. MetaTrader 4 (MT4) – is good for charting, technical analysis indicators and translates very well across your devices, meaning desktop, tablet and mobile versions interact very well. With worldtradex, inactivity charges kick in after just 90 days (i.e. 3 months) of the account being dormant. We consider six months or sooner to be bad, whilst 18 months and above is generous. The following table shows how worldtradex measures up against some of its rivals across the most widely traded forex pairs.
The worldtradex Zero account generally is best suited for regular traders or those who place significant trades. Join over 5 million traders worldwide with worldtradex – an award-winning forex and CFD broker offering exceptional trading conditions and 24/7 support. Enjoy a premium experience designed for seasoned traders with rewarding benefits including access to the widest selection of advanced trading tools available.
For the same pair on the other two accounts, the average spread for this currency pair is 1.7 pips. They offer more than 30 language options for their users and they cater for any and all levels of trader. One of the recent awards they have received is being named as the best FX broker in Europe in 2018 by the World Finance Magazine. Master the markets with insights from our team of more than 70 expert educators and free educational resources. Reduce your costs with low spreads and even lower swap fees and commissions.
- By creating an account with worldtradex, traders join an award-winning broker, with an enviable track record of industry awards, including for forex brokerage services, platforms, and other accolades.
- worldtradex’s Demo account gives traders the chance to practice and upgrade their trading skills in a risk-free environment, replicating real trading conditions.
- There is no way of knowing how much risk a dealing desk broker such as worldtradex would take on.
- All of the usual forms of deposit and withdrawal are available with worldtradex, such as Neteller Moneybookers, debit and credit cards and Skrill.
Ratings and reviews
Start trading on one of the best multi-asset platforms in the industry and https://lunarcapital.live/ leverage the power of a global broker. It is up to the individual trader to decide how comfortable they are trading with a dealing desk broker. There are 57 Forex instruments to trade, including major, minor, and exotic pairs, which is a fairly decent selection.
User reviews from ForexPeaceArmy
worldtradex offers Islamic swap-free accounts, featuring no swap or rollover interest, unchanged spreads, no upfront commissions and traders can hold positions indefinitely. In contrast to some other brokers that charge an admin fee after a certain time period. To open an Islamic account, traders must first create and verify a regular account, then request the Islamic option.
Fund Your Account Safely and Securely
They provide support 24 hours a day from Monday to Friday and 18 hours over the weekend via email, phone, and chat. In certain regions worldtradex Global offers copy trading, allowing traders to follow and copy the strategies of other traders directly. Additionally, there are live trading education sessions, video tutorials, and platform guides for both beginner and advanced traders. Our overall experience trading on worldtradex has been positive, with consistently fast execution on trades. worldtradex is a broker that has been around since 2009 and now employs more than 300 people. They have a diverse offering of instruments, which caters for the needs of their users in an adequate manner.
Leverage at worldtradex varies based on the regulatory jurisdiction of your account and the type of instrument you are trading. Nobody does more to provide you with what you need to maximise your trading potential. As they are reliant on MetaTrader for the trading software, you are not going to be surprised by anything on this front.
- The website is jam-packed with content to give traders the most assistance they could ask for on their journey.
- worldtradex Global also provides direct share trading in addition to the previously mentioned assets.
- worldtradex is a broker that has been around since 2009 and now employs more than 300 people.
- This means that traders cannot lose more money than they put into their account and is excellent for beginners especially.
- Compared to rival brokers, worldtradex charges inactivity fees very quickly, however not as expensive as other brokers.
You have two accounts which are free from commissions – Standard and Micro accounts, while the worldtradex Zero account is based on commission. This includes precious metals (such as Gold and Silver), agricultural products, industrial metals, and energy products, such as oil and natural gas. Although this selection allows traders to diversify their portfolios, it is somewhat limited, compared to other brokers who offer between 20 and 30 different commodities to trade.
Trading platforms are based on MetaTrader 4 and 5 which are known for their reliability and advanced trading features. There is a minimum withdrawal amount of $5 (or equivalent) for all accounts except for the worldtradex Shares Account which has a minimum $10,000. Withdrawals via bank wire and debit card usually take 2-5 business days to reach the client’s account. Trade with confidence with a multi-regulated broker that has built long-standing partnerships with top global banks. All of the usual forms of deposit and withdrawal are available with worldtradex, such as Neteller Moneybookers, debit and credit cards and Skrill.
They are based on “tom-next rates”, or the interest rate differential between the two currencies involved. However, with the zero spread account, you will pay $3.5 commission per 1 lot (100,000 units) traded per side. This commission is paid when you open and when you close the position, totaling a $7 commission per round trip. worldtradex generally offers competitive minimum spreads, especially on major pairs like EUR/USD and GBP/USD, but is occasionally outperformed by IG Markets and AvaTrade on some instruments.