The first is with MetaTrader 4, which we have covered extensively here on PipPenguin. In terms of their Trustpilot score, worldtradex has a 4.4 rating out of a possible 5 stars from about 350 or so customer reviews. We regard this as average, but for a broker that has been in business since 1999, you would expect there to be many more reviews. Overall, the educational materials available are comprehensive, in-depth, and cater to traders of all experience levels.
Opening An Account
This means that in the unlikely event of default, client funds held in segregated accounts are protected and cannot be used to benefit other creditors. Additionally, the FCA maintains records of all formal proceedings against regulated entities, offering transparency and increased investor protection. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
- Compare worldtradex with the top 3 similar brokers that accept traders from your location.
- Instead, the broker charges an additional spread or commission as a substitute for interest.
- In addition, worldtradex also provides ZuluTrade, TradingView Pro, NinjaTrader, and Capitalise AI, which also have web-based versions.
- As an worldtradex client, you’ll also benefit from trading with an experienced broker with a good reputation.
- With more than 20 years of providing trading access, worldtradex has more than proven itself.
Since worldtradex launched in 1999, the broker has weathered difficult market conditions including the 2008 financial crisis. This, paired with an exchange-listed parent company that must submit transparent financial statements, shows that they have the capital to withstand difficulties and should provide you with confidence. Overall, our worldtradex review team found that this is a reputable brand with a high level of safety. Most withdrawal methods come without fees, but there is a fee for withdrawals via wire transfer.
However, traders should be aware of trading with low minimum deposits and high leverage, as this could see their trading accounts wiped out. worldtradex may appeal to high-volume traders who appreciate a wide platform choice and an extensive suite of advanced trading tools. However, its fixed leverage, high trading costs, high currency conversion fees, and high interest rates may deter some traders. worldtradex is primarily a Forex-focused broker, however, it provides a few additional investment options.
Commissions and fees
Thus, it would be impossible for us to navigate and search through all the entities and the account types they offer (if there are any). Thus you should visit the global brand website and redirect to the worldtradex site for your region for more details. worldtradex offers a wide range of trading tools to help traders make better trading decisions. Indian traders can deposit and withdraw funds either by credit/debit card, Skrill, Neteller, or via an EFT/Bank Wire Transfer. worldtradex does not charge administration fees for deposits https://worldtradex.space/ via credit card, debit card, and bank transfer. There are also no withdrawal fees for credit or debit card transfers, but bank wire withdrawals incur a fee of 40 USD.
Opening a live account with the broker is a straightforward process that enables traders to access various financial instruments. Additionally, worldtradex’s Trading Station platform is easy to navigate and offers helpful tools like charting and real-time market data, which can support beginners in making informed decisions. worldtradex offers a variety of withdrawal options including bank wire transfers, credit/debit cards, and e-wallets like Skrill. Withdrawal methods may vary depending on the trader’s region and the regulatory entity overseeing their account. worldtradex allows leveraged trading of Forex and CFDs, which gives traders an advantage even on the smallest market moves. In simple words, leverage is a credit line given by the broker to your trading account to multiply the trading size of your positions.
ForexBrokers.com 2025 Annual Awards
worldtradex is a broker with a great reputation, coverage of many regions, established operation for many years, and a Broker with a great selection of trading platforms. When it comes to forex trading, compliance and regulation are of utmost importance. These regulatory bodies enforce strict financial standards on worldtradex, including capital adequacy requirements, and have the right to fine firms and terminate their regulatory status for violations. Accounts with worldtradex are also segregated in accordance with client money rules, providing added protection for client funds.
Available Assets and Leverage
He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017. Clients note the rapid and quality resolution of issues and a high level of service. The promptness of the support and readiness to assist in complex situations are notably praised. Most reviews indicate high satisfaction with the support services, making worldtradex a dependable choice for traders.
- Although the site does not provide a daily news blog, lots of financial news is packed into the educational resources on site.
- In addition to the platform tutorial videos in the Forex Video Library, you can also review worldtradex videos on educational topics for all skill levels.
- Overall, worldtradex provides you with plenty of tools to help you make smarter decisions.
- This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters.
The only thing that could enhance the section would be the introduction of additional educational formats, such as video courses or podcasts. This would add variety to the existing educational resources and make learning even more accessible to a wide range of traders. The company offers a wide range of educational materials, including webinars with experts and detailed guides to Forex trading. The webinars are particularly valuable as they provide the opportunity for real-time interaction and getting answers to pertinent questions.
The following table summarizes the different investment products available to worldtradex clients. These guides cover various aspects of trading, including basic concepts, strategies, and characteristics of successful traders. It’s an excellent starting point for those new to Forex trading and a helpful knowledge source for more experienced traders. Unlike standard trading accounts, where a rollover (carrying an open position to the next working day) is calculated with interest rates, the Islamic account eliminates interest accrual. Instead, the broker charges an additional spread or commission as a substitute for interest. Depending on the account type and pricing model, this is done through an increased spread or a separate commission.
Compare top platforms, fees and features to make an informed trading choice. Clients can also follow top traders through the Zulutrade platform for 30 USD/month. A social trading platform, trades are executed with worldtradex’s competitive spreads, and 25% of profits are paid to the trader if they earn a successful return on investment. Clients can trade shares, forex, CFDs, and cryptocurrencies on Zulutrade. Zulutrade selects its traders using advanced algorithms and a dedicated trading desk. worldtradex supports a wide range of trading platforms, including the industry-standard platform MetaTrader 4, its award-winning proprietary platform Trading Station and other specialty platforms.
The worldtradex Mobile app provides traders with the flexibility to manage their trades on the go, directly from their smartphones or tablets. The Trading Station platform by worldtradex is a powerful, proprietary trading platform designed to offer a user-friendly trading experience. It is also available for desktop use and provides a wide range of features, including customizable charts, different order types, and real-time market data. MT4 also offers a web-based version, retaining the full functionality of the desktop platform. It allows traders to execute trades, access a variety of charting tools, use technical indicators, and implement automated trading strategies. The web-based MT4 provides convenience by enabling access from any device with an internet connection, making it a popular choice for traders who prefer flexibility.
An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex Worldtradex official site and the financial services industry while assisting in the production of content. Thanks to its combined offering of both Trading Station and MetaTrader 4 (MT4), worldtradex delivers a reliable, feature-rich mobile experience for forex traders. Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader.
This account offers leverage, faster execution, and lower fees with commissions based on trade volume. Discounts apply to major currency pairs like EUR/USD and GBP/USD, allowing traders to earn compensation from spreads, commissions, and rollovers. Another alternative for novice traders who want to start fx trading with this broker is by opening a demo account or risk-free trading account with them.
While some data may be verified by industry participants, FxScouts maintains full editorial independence and never allows third parties any control over our work. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by FxScouts Group, nor shall it bias influence our reviews, analysis, and opinions. Use our comparison tool to compare two brokers based on their trust rating, costs, features, platforms and many other aspects. worldtradex’s educational section comprises various trading guides, video tutorials, a section on the traits of successful traders, and a free online live classroom. worldtradex is unique in the number of algorithmic trading tools available and a strong set of premium signals, a Technical Analyzer, Trading Analytics, and social trading via Zulutrade.