In addition, customer support agents are available 24/7 in case you have any questions. worldtradex offers 24/7 customer service,which can be contacted via online chat, email, or telephone. This extendedavailability may be a benefit for traders who operate outside of standardbusiness hours. LightspeedTrader – Lightspeed Trader is designed forprofessional traders who prioritize real-time market data, low latencyexecution, and advanced order types. Accounts can be opened in a decent choice of currencies which are EUR, USD, RUB. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
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You will find everything from major currency pairs to stocks of large companies. worldtradex are an international online broker offering a great range of trading products and services. Whatever your interests, there is something for everyone to trade in the way that they want to trade it. The broker has been providing online brokerage services since 2006 and are trusted by 155,000+ clients from 130 countries. They cater for retail and institutional clients with the possibility of integrating third-party trading programs through an Open API.
worldtradex is a full-service financial brokerage company based out of Cyprus, well known as one of the most popular EU jurisdictions for forex brokers. As always in Cyprus, the broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), which in turn is overseen by the European Securities and Markets Authority (ESMA). ROXPremium – ROX Premium provides access to major USstock and options exchanges (NYSE, NASDAQ, CBOE) for market data and orderrouting.
- First of all, you’ll need to provide your full legal name again, your country of birth, and your nationality.
- worldtradex offers 24/7 customer support, but an FAQ section needs to be included.
- An investor could potentially lose all or more of their initial investment.
- Our trade rooms are a great place to get live group mentoring and training.
- Among the financial service providers, there are fraudsters that we promptly report.
- For example, they offer over 30,000 stocks andmore than 90,000 option assets.
The worldtradex demo account has an overly high demo account balance of $100,000, but the registration is refreshingly swift. I did not find a time limit, which suggests that worldtradex understands the requirements of demo trading. I prefer more customization options to ensure demo trading conditions reflect planned live portfolios.
They have plenty of experience and are regulated which gives me the peace of mind that I can trust them for my daily trading activity. I found them to have very competitive trading conditions and fees. You get to trade on easy to use platforms with all of the tools you need for conducting complex market analysis. I like how there are accounts for different trading styles and flexible payment options fund your account. They cater for beginners with lots of helpful educational content and practice accounts.
A Sophisticated & High-End, Yet Simple to Use Trading Platform
worldtradex offers a diverse range of financial instruments, competitive trading conditions, and multiple trading platforms to accommodate traders of all experience levels. With its regulatory oversight, direct market access, and robust educational resources, it is a viable option for those looking to trade forex, stocks, and other assets. The availability of various account types and the integration of MetaTrader 4, MetaTrader 5, and other advanced platforms make it a strong choice for active traders. worldtradex is an online broker that gives you access to a full range of trading products, services, accounts and platforms. They are an international broker who I found to have very competitive trading conditions and fees.
Step 2: Time to verify your account
You can see previous, forecasted and actual results of each economic release. The broker provides the latest market news from the world of economics and finance. They have a section of their website dedicated to frequently updated news articles. worldtradex operates as a US deep discount brokerage owned by WhoTrades, Inc., a Russian-owned company since 2015. However, this broker’s low Trustpilot rating (2.5/5) and limited worldwide availability (only 33 countries) make it not the best option for everyone. Overnight funding fees and other transaction charges, require detailed understanding on the worldtradex platform.
The results from our assessment show that worldtradex is a good forex broker. Dozens of currency pairs are available with below-average fees, high-quality order executions and access to two leading platforms – MT4 and MT5. The research notes are quite useful for forex trading, but there are no videos, webinars or guides to support beginners. Ultimately, the educational resources are nowhere near as extensive as competitors like Pepperstone. With this in mind, worldtradex isn’t the best forex broker for new traders in our view.
The broker has a trading portfolio of 26 major and minor currency pairs. We consider this a rather limited variety when compared to other brokers. worldtradex offers its users a wide selection of assets to purchase and trade, in addition to 5 of the main cryptocurrencies. The brokerage is secure and reliable, and is certified in the US, EU, and UK. The commission fees are very low, and you’ll also be able to use the platform on all of your main devices (mobile, desktop, the web).
Review Methodology
- worldtradex ensures its traders have a robust set of tools at their disposal.
- Their website is well-organized, withinformation readily accessible for prospective traders.
- The crypto trading fee structure features a flat 0.35% transaction fee, which many reviewers note is higher than specialized crypto exchanges.
- This provides a direct connection to institutional liquidity providers with lower latency and improved fill rates.
These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency. Among the financial service providers, there are fraudsters that we promptly report. Feedback and rankings from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders. With its regulatory oversight, worldtradex offers an additional layer of security to its clientele. However, those craving advanced features might yearn for more than what the broker offers.
How long does it take to make a withdrawal?
Withdrawal fees vary by quite a bit, and usually depend on two separate factors – the exchange itself, and the blockchain of a specific cryptocurrency that you want to withdraw. To support traders in making informed decisions, worldtradex offers a variety of educational and research resources. During my review, the average spread for the EUR/USD ranged between 1.0 and 1.3 pips. Overall, the available platforms offered by this broker are great and traders of different needs will easily find what they are looking for. The rest of this review will explore theofferings, accounts, and trading conditions available from worldtradex ingreater detail. For all of our broker reviews, Worldtradex company reviews we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker.
worldtradex’s platform unfurls a tapestry of innovative features tailored to empower traders. By leveraging push notifications, traders are kept abreast of real-time market shifts and alterations in their portfolios, ensuring they remain at the forefront of every pivotal movement. Their demo account is a masterstroke, offering a robust training ground for those looking to hone their strategies without financial risks. worldtradex recently improved its demo trading environment with enhanced features, making virtual trading on it more aligned with actual market conditions. ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. Before making any trading related decision, contact a local professional financial advisor.
The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor. Also, it’s worth mentioning that worldtradex has no deposit fees for cryptocurrencies and tokens – there’s but a 3% fee for a bank wire transfer. J2T CryptoExchange is a certified brokerage platform – it has certifications in the EU, UK, and USA. This simply means that the platform follows all of the necessary security and data protection guidelines, and that it is trusted in the aforementioned regions.
CQG Trader costs $25 monthly, CQG QTrader $75 monthly, CQG Integrated Client $595 monthly, Sterling Trader Pro, and Lightspeed Trader. Individual traders must transact a monthly minimum of 250,000 shares to qualify. MetaTrader 4 is offered with worldtradex’s Standard, Forex ECN, andForex ECN Pro accounts and can be used as a desktop, mobile, or web app. However, the limited educational resources, higher actual trading minimums than advertised, and restricted cryptocurrency selection create potential obstacles for beginners or specialized crypto traders. A consistent theme across reviews is worldtradex’s limited educational resources compared to full-service brokers.
This includes CQG Integrated Client, CQG Spreader, CQG QTrader, CQG Trader & CQG Desktop. You will find that worldtradex have a great variety of flexible and powerful trading platforms suitable for all styles and levels of traders. They offer the MetaTrader 4 (MT5), MetaTrader 5 (MT5), CQG & ROX platforms. I think all of the platforms are excellent for anyone looking to analyse the markets, place and manage positions.
Education and research tools
For now, it’s worth mentioning that MT5 (otherwise known as the MetaTrader5) is the more-advanced version of MT4 – the most popular and well-known trading interface, to date. Traders can withdraw money via the secure and user-friendly back office, which lists all available withdrawal methods. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-based MT5 Global account. worldtradex is a forex broker located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC). You can reach worldtradex customer support 24/7 via email or by phone or live chat on each page of the website.