With its headquarters in Cyprus, the broker provides both ECN/STP and Market Maker execution types, catering to traders of all experience levels. A standout feature is the low trading fees available in the Absolute Zero account type, which offers raw spreads from 0.0 pips and minimal commissions. worldtradex is also active in the Latin American market, serving clients from countries such as Mexico, Brazil, Argentina, Chile, and Colombia. The broker offers Spanish and Portuguese language support and ensures that traders in Latin America have access to competitive spreads, high leverage, and advanced trading platforms. worldtradex offers a variety of commodities for trading, including precious metals, energy products, and agricultural goods. Popular choices include gold, silver, crude oil, natural gas, and coffee.
Research Tools and Insights
While it provides competitive spreads on certain instruments like TSLA, its spreads on EUR/USD and GBP/JPY are higher than the industry average. On the positive side, deposits and withdrawals are free, and the broker’s inactivity fee is relatively low. worldtradex is one of the few brokers that offer traders the flexibility to choose between fixed and floating spread accounts. Finally, the fine print advises that spreads widen significantly during volatile and off-market periods, even with fixed spread accounts.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
- worldtradex hosts regular trading webinars conducted by experienced market analysts and trading professionals.
- The broker offers Spanish and Portuguese language support and ensures that traders in Latin America have access to competitive spreads, high leverage, and advanced trading platforms.
It takes just $100 to open a Micro account, increasing to $2,500 for a Premium account and $20,000 for a VIP account. Well-documented account subheadings outline fee schedules and side-by-side comparisons for floating vs. fixed, commission vs. no commission, Worldtradex reviews and dealing desk vs. direct interbank trading. All withdrawals incur fees that vary among credit cards, electronic tellers, and bank transfers/locations. It offers beginner education videos and general education on forex and CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. For traders looking to enter the rapidly growing world of digital currencies, worldtradex provides access to popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple. Trading cryptocurrency CFDs allows traders to speculate on price movements without owning the actual coins. With the high volatility of the crypto market, worldtradex offers advanced risk management tools to help traders manage their exposure.
Several account types allow retail clients to bypass worldtradex’s dealing desk, which carries a systematic conflict of interest, and trade directly with the interbank system. Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers. worldtradex offers eight distinct account types to cater to various trading styles and preferences, with most requiring a minimum deposit of $0, making them highly accessible. Traders can choose between Live and STP/ECN accounts, both providing access to the industry-leading MetaTrader 4 (MT4) platform. Additionally, multiple trading accounts can be registered through the worldtradex Client Portal, allowing for greater flexibility when managing different strategies or products.
Popular Forex Reviews
Metatrader 4 and 5 for Android, iOS, and Windows Mobile provide easy integration with desktop and tablet versions. They also offer the free worldtradex Research app, which has no trading functions. The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. worldtradex, founded in 2010, offers a range of forex and CFD trading options. With an average recommendation, it provides essential trading tools and a variety of tradeable instruments but does not stand out significantly from its competitors.
Deposits and Withdrawals
worldtradex uses standard security features to keep clients’ personal information secure, including website encryption. Our team were also pleased to see that the broker offers negative balance protection, meaning traders cannot lose more than their account balance. Mobile users benefit from total trade management without having to sacrifice functionality. The mobile offering also comes with the worldtradex Research app which gives users an overview of the financial markets and major news events.
Fees
With the MT4 Advanced terminal, you get technical charts and indicators in abundance. There are innumerable charts and indicators with advanced tools and techniques for analysis. worldtradex impresses with its probing and layered market research, developed in-house and incorporated from Trading Central.
However, certain payment methods may have geographic restrictions, but the worldtradex back office will display only the available options for each trader’s location. Once you have the id and password then only you can use the trading platforms. You can use the worldtradex online trading platform or the Iron FX Trading terminal or the mobile platforms which are different versions of MT 4.
- 75.35% of retail investor accounts lose money when trading CFDs with this provider.
- His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis.
- Each demo account imitates real trading conditions, the only difference is virtual money is used.
- It is a platform that is easy to use and at the same time highly advanced.
Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. worldtradex trading terminal is not only good but it is one of the best terminal software for trading different assets. So, now as you know the features of all types of MT4, let us see how you can set it up for trading. On this platform, you get three types of charts which are bar charts, broken line charts, and Japanese candlestick charts. There are also permitted automated strategies that you can access with this MT 4 Advanced terminal software on Windows OS.
worldtradex trading platforms and tools
Benefit from the great range of features including advanced charting and one-click execution. Gain access to technical analysis tools to ensure a seamless trading experience from your Mac computer. worldtradex offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles. Money managers can also benefit from a personal multi-account manager (PMAM) that allows trading of multiple Metatrader accounts. Professionals trading their own accounts may wish to look elsewhere, despite tiered pricing, due to the lack of volume discounts or a proprietary high-end trading platform. worldtradex offers Metatrader 4 and 5 but no dedicated or proprietary trading platform.
worldtradex provides free Virtual Private Server (VPS) hosting to high-volume traders interested in achieving lightning-fast order execution speeds and stable internet connectivity. The MetaTrader app stands out for its convenience, making it an essential tool for adjusting trades, especially during periods of heightened volatility. However, I consider it cumbersome and not the best choice for analyzing price action. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight.
As shown above, a common issue with MetaTrader is that charts can quickly become cluttered, even with just two indicators. This can obscure price action examination and make it harder to perform detailed technical analysis. worldtradex incorporates MetaTrader 4 for web, desktop, and mobile trading. The platform’s performance can be enhanced with the MT4 Advanced add-on.
With an average rating for commissions and fees, worldtradex provides a standard cost structure without significant advantages. worldtradex offers comprehensive customer support services available 24/5 in a wide range of languages, including Arabic, Chinese, English, French, German, Spanish, Russian, Persian, and many more. This ensures that traders from diverse regions can receive assistance in their native language. The platform features a detailed FAQ section that addresses the most common queries, making it a useful resource for quick answers. For real-time assistance, worldtradex provides live chat with fast response times for basic questions, while more specific inquiries are directed via email for thorough resolution.
The articles are regularly updated to reflect current market conditions and trends. worldtradex offers commission-free trading and floating spreads from 0.9 pips on its No Commission account. My test indicated that the spreads on this account are broadly average to high compared to the industry benchmark. The broker does not impose a handling fee for deposits or withdrawals. The broker provides featured trading ideas from Trading Central, offering day traders insights into developing market setups.
My live tests demonstrated that worldtradex charges above-average spreads on forex. I discovered that its EURUSD spread on the No Commission account exceeds the industry average considerably. worldtradex operates through five entities, three of which are regulated by top-tier financial authorities, while the other two are offshore and unregulated. The broker ensures client safety by maintaining segregated accounts for client funds and offering negative balance protection. worldtradex is an ideal choice for news traders because of its comprehensive market research offering. It consists of actionable trading signals, a robust market sentiment gauge, detailed market breakdowns, and more.