Level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using… Furthermore, clients may pay costs from payment processors for transactions even when Worldtradex does not impose withdrawal fees. For trades involving instruments denominated in a different currency than the base currency of the account, there also are currency conversion fees.

We reached out through both the chat service and WhatsApp multiple times, and each time received responses within a minute. Worldtradex is unable to accept clients from the United States of America, Canada, Israel and Iran. Worldtradex are regulated by several top-tier authorities across its various regions, including CySEC (120/10), FCSA (49976) and DFSA (F003484). They provide free access to daily Forex webinars in 23 languages, available 7 days a week with 77 webinar instructors.

Besides this, they have received many honors in the past such as being Europe’s Best Forex Broker for 2016. It sends client orders directly to liquidity providers or to the ECN network. End-to-end processing of orders allows us to guarantee the execution of more than 90% of applications with a speed of less than 1 second with narrow market spreads from 0.6-1 pip without a “markup”. Worldtradex Group supports mobile trading, offering dedicated apps for both iOS and Android. Worldtradex Group received a score of 7/10 in this section, indicating a generally acceptable mobile trading experience. For Standard accounts, Worldtradex Group’s commissions are part of the floating spread, which varies with market conditions.

• Review updates ensure that all the information we provide is current and correct.
• Equity Indices – 18 major equity indices are on the menu, which is a decently wide-ranging selection for choice.
• Worldtradex.com offers a broad spectrum of tradable instruments, providing traders with numerous opportunities to diversify their portfolios.
• Worldtradex executes 99% of trades in under one second, eliminating delays and slippage.
• However, the amount you may transfer varies according to the chosen payment method you can read and find all the necessary info in the Worldtradex Members Area.

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It really works with the ultra low account, OK spreads and good reaction from the customer service team. I think I am going to recommend the broekr to my trading friends to let them save on fees and see market updates without a problem. Worldtradex is definitely winning as Broker for Beginning Traders the Education quality and available seminars/ webinars are excellent, yet some similar Brokers also provide a great education. Also, the minimum deposit is only 5$ while others even suggest from 0$, still all are very competitive.

• This insight is provided by Autochartist, one of the industry’s most respected analytics companies.
• This applies to all deposit options, including credit/debit cards, e-wallets (like Skrill or Neteller), cryptocurrency wallets and international bank transfers.
• This isn’t the case at Worldtradex Group, which means Muslim clients can trade in confidence.
• All information on 55brokers.com is only published for general information purposes.
• This shows that Worldtradex Group is a reliable broker that is committed to offering an honest trading experience.
• Worldtradex offers tight spreads, with three account types catering to different preferences.

Worldtradex Tools and Resources

Also additional fees like funding fees, rollover are good, since no funding fees applied, while inactivity and rollover is something typicall all Brokers charge. Customer reviews show positive feedback of Worldtradex’s operation overall also quick withdrawal procedures and attentive customer care; Worldtradex website many users especially value the simplicity of deposits and withdrawals. The proposal is clear, there are no hidden fees or uncertain conditions offered which is another plus showing Broker is good for long-term trading. The instrument selection is favorable too for those who prefer good diversification, not thousands like competitors, but still good. Fees across all offered asset classes we find similar to other brokers who mainstay on average Fee conditions.

Worldtradex alternative brokers & comparison

From generous deposit bonuses to cash rewards and monthly competitions, traders can amplify their strategies, access exclusive perks, and enjoy a cost-effective trading experience without hidden fees. With over 15 million clients, 10.3 billion trades executed without requotes or rejections, and support in 30+ languages, Worldtradex delivers a consistent, client-first trading experience worldwide. This review of Worldtradex Group found that the broker offers a plethora of educational content, including webinars and video tutorials. The broker also outstrips competitors in this category, thanks to its unique Worldtradex Live feature.

Worldtradex Group fees and commissions

Customer support is responsive, though sometimes there’s a slight wait. They’re not here for 1 day and are not trying to ‘wow’ or bedazzle, no fancy sales or offers, but I don’t need that so I’m quite fine. They’re doing fast withdrawals for me, they have decent spreads for the forex majors.

The fact that Worldtradex does not charge for withdrawals beyond the first one helps to keep costs down for the trader. There are 57 Forex instruments to trade, including major, minor, and exotic pairs, which is a fairly decent selection. Some of the more forex focused brokers such as Forex.com and OANDA have closer to 80 forex pairs available. Depending on the Worldtradex entity traders register with, the broker supports several account options, designed to suit all preferences. Worldtradex is a group of entities operating in multiple jurisdictions around the world under the umbrella of the parent company Trading Point of Financial Instruments Limited. The company was founded in 2009 and in just over 15 years it has attracted over 15 million clients from 190 countries all over the world.

The mobile versions of MT4 and MT5 translate extremely well from the desktop versions, also allowing excellent interaction between devices. The 3 chart types and 30 technical indicators of MT4 migrate well, whilst there are also push notifications for trading alerts. 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. Compared to rival brokers, Worldtradex charges inactivity fees very quickly, however not as expensive as other brokers. 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 broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, Worldtradex is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational https://worldtradex.site/ materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing. The popularity of mobile trading did not go unnoticed at Worldtradex, which offers mobile apps for the MT4 and MT5 trading platforms for Android and Apple devices. They operate on mobile phones and tablets, provide full MT4/MT5 functionality, support three chart types and 30 technical indicators.

While it’s a strong platform, improving some of the issues highlighted by users would make it even better for new traders. If you’re thinking of using Worldtradex, just keep these potential challenges in mind and evaluate how they align with your trading goals and risk tolerance. We are aware of some negative reviews regarding spread widening and larger-than-expected slippage. Additionally, internet issues in regions with intermittent or subpar coverage can also contribute to these challenges. Given Worldtradex’s broad global presence, traders should be mindful of these potential risks. Worldtradex operates primarily as a market maker broker, maintaining its own dealing desk to execute client orders internally.

Copy trading at Worldtradex provides a unique opportunity for even novice traders to trade like professionals. This innovative approach allows copying the trades of experienced traders directly on your account. One of the attractive aspects of trading with Worldtradex Group is the low entry threshold for novice investors and traders.

Worldtradex clients from European Economic Area (EEA) countries are provided with investor protection of up to €20,000 through CySEC. Worldtradex also offers Worldtradex TV, podcasts and news feeds from Reuters, an Economic Calendar, along with YouTube Shorts and daily technical stories. 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.