Terms and conditions apply, and I recommend traders read and understand them before requesting any bonus or promotion. Besides research from Autochartist, worldtradex publishes quality in-house research with actionable trading recommendations. It also maintains a Telegram signal service and explains its trades well. I rate the well-structured worldtradex research section among the best in the industry in quality and quantity. 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 ECN account.
An offshore broker regulates it yet it is a member of the Financial Commission. For some people, this may be off putting, but it’s important to weigh up the pros and cons and make a personal decision. worldtradex is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of worldtradex’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. Opening an account with worldtradex is designed to be quick, intuitive, and hassle-free, allowing traders to get started with minimal delays.
Fees
Additionally, this broker offers several unique features, such as TradingView, a financial visualization platform. worldtradex offer competitively priced trading, with minimum deposits starting at $100 for the Standard account. While offshore regulation may be concerning to some, worldtradex is a member of the Financial Commission and has been since 2013.
Where are worldtradex regulated?
Whether you’re referring friends, switching brokers, or even trading on a demo account, the broker provides multiple opportunities to boost your trading experience. worldtradex also offers a 20% bonus for switching brokers, deposit matching, and even the chance to earn real cash from demo trading. Plus, they cover deposit fees and commissions with their 0% commission offer, making it even more rewarding to trade.
With 24/7 availability and multiple contact options, worldtradex ensures traders receive quick and efficient support, reinforcing its commitment to client satisfaction. Additionally, the GOLD status program offers exclusive benefits like trading cost compensation, priority withdrawals, a free VPS server, and access to premium analytics. While its $100 initial deposit may deter some beginners, worldtradex compensates with deposit fee reimbursements and various bonus programs. Its regulation under the MISA, FSA and FSC, combined with external audits from Verify My Trade, enhances its credibility in the industry.
worldtradex is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client. Verify My Trade and Autochartist company verifies and audits order execution monthly, which traders can access. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database.
Despite that, this broker is a member of the Financial Commission, offering protection from there. Additionally, many accounts with worldtradex offer negative balance protection. When dealing with money, it’s vital to cover all bases and choose reputable companies.
Does worldtradex provide negative balance protection?
- For that reason, it’s important to check before making a trade, to ensure the specific leverage amount.
- Industry experts agree that worldtradex are a strong choice, with competitive trading conditions.
- I highly recommend it to all traders, particularly algorithmic and high-volume traders.
- Trading hours start Monday at midnight and end Friday at 23.00 EET.
- worldtradex is a trustworthy and highly regulated Forex Broker that offers traders cutting-edge platforms and a wide selection of trading products.
Copy trading is another notable feature to mention, and several platforms to choose from. The worldtradex app makes it easy to trade on the go, so a profitable opportunity never needs to be missed. Many users mention that worldtradex has no hidden fees, and that’s another advantage to this broker. However, it’s important to weigh up the pros against the cons before making a final decision. If worldtradex turns out not to be the best fit, we have many resources on the alternative premium forex brokers. Forex.com is a reputable broker with low fees and a user-friendly interface.
In addition to a range of tradable instruments, worldtradex also offers several different account types to choose from. These are designed to suit different trading needs, styles, and preferences. There is also a Demo account which allows new users to practice without risking real money, along with an Islamic account. worldtradex offers an extensive range of over 550 tradable instruments, catering to traders across multiple asset classes. Forex traders can access 44 currency pairs, including major, minor, and exotic pairs like EURUSD, GBPJPY, and USDTRY.
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This broker accepts US clients and offers many tradable instruments. As far as educational resources go, Forex.com offers many options. Industry experts agree that worldtradex are a strong choice, with competitive trading conditions. They particularly highlight the range of accounts on offer, which cater to all users. However, they do mention that high leverages are positive, yet users should be cautious to avoid large losses.
I like the worldtradex trading fees in the ECN account and multi-tier leverage system. I also like that worldtradex ensures traders operate from a trustworthy and secure trading environment. This means less protection compared to brokers that are regulated by top-tier entities. However, worldtradex is a member of the Financial Commission and does offer negative balance protection on some accounts.
The first step is to carefully assess all account types and choose the one that suits best. The worldtradex website is very user friendly, so the signing up process isn’t overly complicated. All trading comes with the risk of market volatility and with high leverage, the results can be worsened. For this reason, always trade sensibly and with caution, and keep an eye on market movements. At TopBrokers, we have a range of resources and comparisons to help with such decisions. We also have many guides for trading, such as counter trading strategies in forex.
Customer Reviews
worldtradex covers all deposit fees, ensuring traders don’t incur extra costs when funding their accounts. To prevent fraud, worldtradex undergoes monthly audits by Verify My Trade (VMT), analyzing 5,000 trades against top-tier liquidity providers to ensure best execution practices. Clients benefit from fund security measures, including external dispute resolution and protection against financial misconduct.
This multi-channel approach Worldtradex company reviews enhances accessibility and responsiveness. For personalized assistance, traders can rely on the dedicated support team, which helps with technical issues, account management, and trading-related queries. worldtradex’ strong customer service reputation is reflected in its high TrustPilot rating of 4.8 out of 5, based on over 2,700 verified reviews. Traders benefit from automated trading with access to 20 top trading advisor robots.
- We also have many guides for trading, such as counter trading strategies in forex.
- These apps allow traders to execute trades, analyze charts, and manage accounts from their smartphones.
- The interests of worldtradex’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim.
- Still, the overall approach to customer support remains excellent.
Stock market enthusiasts can trade 400+ company stocks, featuring global giants such as Tesla, JPMorgan Chase, and Google. worldtradex prioritizes security and transparency through strict compliance with international standards. Additionally, worldtradex is a certified member of The Financial Commission, an independent mediator that protects traders with a compensation fund of up to €20,000 per claim. MetaTrader 4 is an industry standard, favored for its beginner-friendly design, wide array of indicators (30), and support for 9 timeframes. It includes a simple strategy tester and locking options, making it ideal for those new to trading while still offering essential features for professionals.
Another potential downside of worldtradex is its relative lack of educational resources. This is quite apparent compared to other brokers with more in the way of courses, tutorials, and ebooks on offer. Experienced brokers may not be too concerned about this, but it may affect beginners who want to develop trading skills. The app supports several different languages, alongside 24/7 customer support, lime and demo trading, and the ability to withdraw and deposit funds. With a range of tradable instruments and several trading platforms, worldtradex is a flexible choice regardless of trader experience.
What is the minimum deposit required to open an account with worldtradex?
The secure worldtradex back office handles all financial transactions for verified clients. worldtradex supports credit/debit cards, cryptocurrencies, ADVcash, and Perfect Money. Account verification is mandatory at worldtradex, as it complies with global AML/KYC requirements. Most traders will pass it by uploading a copy of their government-issued ID and one proof of residency document. worldtradex may ask for additional information on a case-by-case basis. Supported account currencies are the US Dollar and the Euro, while the cryptocurrency account is a Bitcoin-denominated option.