I certainly can’t comment on other ppls’ experience but I’ve been with worldtradex for 4yrs now and have over 1500 trades with them. Their platform stability has improved substantially the last few yrs so I have had very few glitches & can’t remember any freezing in the past year or 2. I really like their charting as it offers many different looks & tools & like being able to trade from the charts. I can only remember one or 2 occurrences of “slippage” in the past 50+ trades (one was quite a few pips, the other was negligible). I don’t like that recently they have started charging $10 per month unless I keep $1500 in my acct.
Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.
Overall, worldtradex offers a broad range of trading tools to help traders make better trading decisions.
These commissions are calculated based on the instrument and trade size, starting as low as $0.05 per 1K lot. However, the fees and spreads can vary depending on the account type and the regulatory entity overseeing the account. Therefore, traders should review worldtradex’s official website or specific terms in their region for detailed fee schedules and conditions.
Prohibited Countries: Where Can I Not Trade with this Broker?
Our research led us to highly recommend worldtradex for those interested in forex and CFD trading due to its advanced platform offerings and favorable overall experience. worldtradex’s asset selection is more limited compared to brokers like worldtradex and XTB, which offer an extensive range of over 6,100 instruments, or worldtradex with over 10,000. This smaller selection could be a downside for traders looking for a broader range of investment opportunities. Additionally, worldtradex’s website hosts an extensive help center with FAQs, platform guides, and educational resources, enabling traders to find answers independently. Additionally, worldtradex provides a Free VPS for traders who meet the 500k average trade volume, allowing seamless and fast execution, especially for automated strategies.
Forex
The Market Scanner helps traders uncover potential trading opportunities based on preferred indicators and timeframes. Some traders prefer to trade a limited set of currency pairs, while others will enjoy trading unique patterns using specific indicators over longer or shorter timeframes. Still, it is important to note that it does not consider a trader’s personal circumstances and trading objectives; therefore it should not be considered investment advice.
On a lighter note, many traders will appreciate the 20+ crypto CFDs, traded in USD, EUR, GBP and AUD pairs. The list includes big hitters like Bitcoin but also some smaller tokens like Tezos, and although it is not the widest selection of cryptocurrencies, it does provide decent scope. While not a deal breaker, there is an inactivity fee charged to dormant accounts after 12 months of inactivity. The fee is up to 50 units of the currency your account is denominated in or the balance of your account, depending on which is less. In terms of depositing methods, you can expect your very basic and typical methods, including debit/credit cards, e-wallets, crypto, and bank transfers.
- 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.
- The trading hours for CFDs on stocks, indices and commodities may vary depending on the specific market.
- worldtradex offers leveraged trading on CFDs and forex, allowing traders to take advantage of small market movements.
- There are no trading restrictions with worldtradex, which is great news for serious traders who like to employ scalping, hedging and other strategies.
- Deposits via bank transfer can take several business days to land in a trading account, while credit card/debit card and e-wallet transfers are instant.
- Analytics from the company’s experts and access to research through eFXplus add extra value, making this broker one of the best for analytics provided.
Does worldtradex Offer Low Forex Trading Fees?
Traders in the European Union will trade with Stratos Europe Limited which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). Clients trading a variable minimum monthly, can also enhance security further by registering for a virtual private server. One important factor to note is that when you request debit/credit card withdrawals you are only allowed to withdraw the total amount originally deposited.
To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. They serve as valuable resources for traders looking to make informed trading decisions and, in my opinion, stack up well against the analysis provided by similar brokers. These insights and summaries can be accessed through the worldtradex website, trading platforms, or through specialized research tools provided by worldtradex. The simulator also offers features like customizable trade sizes, various order types, and real-time charting tools to enhance the trading experience. worldtradex offers leveraged trading on CFDs and forex, allowing traders to take advantage of small market movements. While using the broker, we got low spreads from 0.6 pips on the AUD/USD and 0.9 pips on EUR/CHF.
Spreads start as low as 0.2 pips, with a commission charge of $0.05 per 1,000 units traded. This account is available through the Worldtradex reviews FCA, ASIC, and CySEC-regulated entities. worldtradex is an excellent choice for algorithmic forex traders thanks to its wide array of related platform options that provide advanced charting tools and support automated trading strategies. worldtradex offers various analytical tools, including trading signals, a market scanner, an economic calendar, and even specialized trading applications.
Processing times differ by method, with e-wallets usually being the fastest and wire transfers taking several business days. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. These Criminals and scammers are stealing client’s funds ..they won’t allow you to withdraw your money.
- MetaTrader 4 has been around since 2005, and most ECN and STP brokers offer its support.
- worldtradex (Forex Capital Markets) is a well-established and globally recognized forex and CFD broker.
- There are plenty of resources for beginners, as well as those for advanced traders.
- I hear on blogs that they are “broke” & will file bankruptcy soon but aren’t they the biggest in FX?
- Traders can still utilize the renowned MT4 for Forex trading while benefiting from worldtradex’s enhancements, including support for Expert Advisors, scalping, and the ability to trade as low as 0.01 lot sizes.
worldtradex account types
The only way you can get any information on your account is to actually open one with this broker and then visit the client area (Myworldtradex). However, it should be noted that this is the only information we could find on the global brand site. Depending on your region, you may be able to find more details, and each entity might offer varying account types depending.
There are no account minimums, enabling traders of all sizes to start their forex trading journey as they see fit. worldtradex offers a diverse range of powerful trading platforms tailored to suit various trading strategies and preferences. Among them are worldtradex’s flagship Trading Station Desktop, Mac-friendly Trading Station Web 3.0, mobile platforms, and MetaTrader4 for those who use Expert Advisors. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
The worldtradexpy Python Package enables application builders to use a REST API in their applications, creating algorithmic trading strategies. worldtradex Apps include different expert advisors, apps, and indicators, some of which are free. The worldtradex App Store has add-ons for all the supported platforms and is broken down into the following areas.
You can upload a copy of your ID/passport for verifying your identity, and a bank statement/utility bill for verifying your residency. Indian clients will be trading under the subsidiary Stratos Global LLC, which is not regulated by any authority and is registered in St Vincent and the Grenadines (SVG). Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.
worldtradex brokerage fees offer flexibility for traders with different styles and account preferences. Additionally, worldtradex is regulated by the FSCA in South Africa and the ISA in Israel. However, international trading is managed by the FSA in Seychelles, which is an offshore regulation. Therefore, traders should carefully review the terms and conditions of their chosen entity to understand the applicable trading conditions and regulatory safeguards fully. Client funds with worldtradex LTD are segregated according to FCA client money rules.
Active Traders have even tighter spreads than Standard accounts, however, so this may be something you want to look into if you are a high-volume trader. To evaluate brokers, we test the accounts, trading tools and https://worldtradex.pro/ services provided. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. This wide range of platforms makes it a versatile choice for traders of all experience levels.
Traders are required to select their country of residence and trading platform (click here for more on worldtradex’s trading platforms). South African traders will trade with Stratos South Africa (Pty) Ltd an authorised financial service provider regulated by the South African Financial Sector Conduct Authority(FSCA). Although the site does not provide a daily news blog, lots of financial news is packed into the educational resources on site. One major benefit of trading with worldtradex is its wide range of educational features. Most of these are discussed above, but the site also offers a live classroom environment and a video tutorial library.
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