worldtradex offers 24/5 award-winning customer services with customer support contactable via live chat, email, phone and even SMS text message. If you wish to call worldtradex, there are 42 country-based numbers one can call from. Countries range from South Korea, United Arab Emirates to Venezuela. The worldtradex Trading Station forex platform is generally hard to fault, it has a very user-friendly design and comes with has become worldtradex’s hub for investment advice. One of the key features of the platform is the free professional charting tool known as Marketscope 2.0 which consists of price alerts, charts and a wide selection of indicators. One of the key features of Marketplace is the ability to open and manage all your trades directly from the charts.
The second type of document that is required to verify your account is proof of residence. Commodities are raw materials and their prices are generally influenced by global supply and demand. Precious metals like gold and silver increase in price in times of high inflation as the demand for gold increases to hedge against inflation. In addition to all of the already mentioned ones such as high liquidity, the ability to go short, and the use of leverage, there’s more. You can forget about managing crypto wallets and planning cashouts as you are not actually owning the coins when you trade them as CFDs. For instance, you can buy or sell 0.1 shares of a certain company.
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Transparency gives their clients a level of assurance and trust that the broker is meeting the client’s expectations when it comes to trading. worldtradex to deliver on the client’s requirement of fast order execution with no slippage, competitive pricing and no re-quotes. There is a very high degree of risk involved in trading securities.
Yes, this broker is regulated by ASIC in Australia, FCA in the UK, FSCA in South Africa, and CySec in Cyprus. XTB is authorised and regulated by the UK Financial Conduct Authority (FRN ), with its registered office at Level 9, One Canada Square, Canary Wharf, London, UK. An worldtradex No Dealing Desk Brokers determines the best execution means which can result in worldtradex acting as a market maker or using a dealing desk.
- Yes, worldtradex charges 50 currency units of the base account currency after twelve months of inactivity.
- In case you’re planning to solely trade Forex pairs MetaTrader 4 will be the perfect pick for you.
- This platform is the most widely used platform by traders and the most offered platform by brokers, many consider MetaTrader 4 to be the ‘gold’ standard when it comes to platforms.
- In addition, worldtradex keeps the funds of their clients in a segregated account in accordance with UK’s Financial Conduct Authority requirements.
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The actual amount depends on when the country where the account is based. worldtradex offers the most popular Forex trading platform, namely MetaTrader 4. The platform is simple to use, yet very powerful, which is the reason it has remained relevant in the modern world. MT4 was released in 2005 and not much has changed in its design since. Many novice traders enjoy MT4 for its simplicity, while others find the design attractive. There’s no commission charged and trading fees are represented as spread markups.
Trading with worldtradex involves fees from $50 Worldtradex forex brokers reviews USD, spreads from 0.2 pips to 1.3 pips, and commissions depending on the account type selected. This is worldtradexs offering to all clients who don’t qualify as an Active Trader. This account is a commission-free account, which means the trading costs are included in the spreads. This explains why spreads are wider than commission-based accounts such as the Active Trader account. worldtradex is a global forex provider trading with various worldtradex entities in the UK, Europe, Australia and South Africa. We found that worldtradex has a simple, helpful account type structure, a hybrid trading execution model and a good range of trading platforms.
Customer Service
worldtradex provides multiple trading platforms, including MetaTrader 4, Trading Station, NinjaTrader, and ZuluTrade, catering to different trading styles and preferences. The broker claims to offer some of the tightest spreads on the market when it comes to trading BITCOIN. worldtradex can be compensated in several ways, which includes but are not limited to adding a mark-up to the spreads it receives from its liquidity providers, adding a mark-up to rollover, etc.
Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. If you prefer to place orders by phone, worldtradex offers a trading desk line that can be handy should you experience an interruption in your internet connection. All CFD option is commission-free, which means costs are included in the spread. This platform is a worthy alternative to Trade Station and MetaTrader.
When comparing the spreads to other brokers, worldtradex at first glance appears to have only average spreads. The majority of clients will use their Standard Account, which is designed for retail traders’ high volume traders will prefer their Active Traders account to save on costs. Jeff Anberg is a Senior Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.
Deposit & Withdrawal Currency Conversion Fees
- The range of markets available with worldtradex is quite broad however you can find other brokers that offer more choices for each financial instrument.
- This may impact how, where and which companies / services we review and write about.
- If you are an active trader, you get good discounts on spread costs depending on the volume traded.
- worldtradex standard spreads generally fall in the midrange when compared with other brokers with the most competitive spreads on offer appearing to be for AUD/USD and USD/JPY currency pairs.
- They provide tools for easy trading, like mobile access and quick order execution.
Experience a platform trusted by thousands of traders — fast execution, user-friendly tools, and full regulatory backing. Most deposit methods take up to 1 business day to complete however bank wire can take 1-5 working days. However, they have an inactivity fee of $50 per year after 12 months. Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com.
worldtradex fees directly impact profitability and can reveal which strategies this broker supports, and which remain discouraged. Therefore, traders should carefully evaluate the trading costs at worldtradex, as they represent the primary aspect of the competitiveness of the trading environment. Like other online brokers, worldtradex does not charge withdrawal fees; this implies that the amount of money is the same when you transfer from your bank account to your brokerage account.
The JPN225 index measures the collective performance of the top 225 Japanese companies that are publicly traded on the stock exchange. As such, they represent a good indicator of the Japanese economic performance as a whole. Even if you’re not planning to trade indexes, it’s wise to keep them on a watchlist as they can be used as trading instruments. For example, a bullish JPN225 can predict that the Japanese Yen will increase in value. All these platforms are available on desktop, web, and mobile, giving you the flexibility to trade from anywhere.
This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. worldtradex is considered a low-risk and can be summarised as trustworthy and reliable.
All BrokerNotes content is researched, fact-checked, and edited by the research team. worldtradex is well-suited for beginners, providing comprehensive educational materials and user-friendly platforms. That said, there is some room for improvement and the overall educational offering still trails some industry leaders in this category.
Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. worldtradex offers customer support over live chat and email, the agents are quick to respond and knowledgeable. There’s also a phone support service which is available in 42 countries. Instead of charging swaps for keeping positions open overnight, worldtradex increases spread markups and adds commission fees.
Our broker reviews are reader supported and we may receive payment when you click on a partner site. 2Cryptocurrency products are currently not available to retail clients residing in the UK. worldtradex is regulated by top-tier regulators such as ASIC and the FCA of the UK. In addition, the broker is authorized and regulated by 2nd tier regulators such as CySEC and the FSCA of South Africa. The chat option is available for both existing and potential customers.