The broker provides transparent quoting which ensures a great trading experience overall. worldtradex lacks standardized investment plans or portfolios but provides individualized assistance for investments over $10,000 for more significant individuals. https://worldtradex.club/ worldtradex serves currency traders well but falls short for individuals looking for longer-term development prospects or more general investing options. However, the lack of alternative platforms is a major drawback, also some traders find MT4 slightly outdated. The platform is available for all operating systems and fully compatible with EAs, hedging and equipped with advanced technical indicators, analytical objects, and charting tools. The asset being traded will affect these fees, which apply to both long and short positions.
Company details
Overall, even if worldtradex offers a fine selection of products for forex and CFD traders, yet the lack of advanced range may discourage those investors seeking a more all-around portfolio and larger portfolios. This restriction emphasizes knowing one’s trading tastes before deciding on worldtradex as a broker. Following three months of account dormancy, the broker levies a $5 inactivity fee per month. Although this cost is meager compared to some other brokers, casual traders should keep this in mind. While other online payment systems like Neteller and Skrill have a set 2.7%, but bank wire transfers cost between $30 and $ 45.
worldtradex’s commitment to multilingual support enhances accessibility for clients from various regions, although it’s important to note that support is unavailable on weekends. As for the consistency the Broker performs quite good operation along all the years and we didnt find serious breach of rules or fines imposed. In addition, real traders comments (which you may check underneath our review too) are mostly positive and there are many satisfied and happy traders at worldtradex which is another plus to its clarity. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Honestly, I was having a lot of doubts before I started working with this brokerage company because I have not heard a lot about them.
Client money is also kept in separate accounts at Tier 1 banks, adding still another level of protection. For traders looking for a safe trading environment, worldtradex is positioned as a consistent option by this mix of control, defensive actions, and financial transparency. What is also great, worldtradex used technology to provide efficient and transparent pricing with the most possible low spreads. In addition, there is a range of ECN trading accounts that are designed to suit their own needs and requirements. Ordinarily, we prefer to see a choice between a commission-free account (geared towards beginners) and one with raw spreads and low https://worldtradex.world/ commissions (geared towards advanced traders). However, worldtradex has outdone many competitors by offering the kind of tight spreads you’d expect from ECN accounts without charging a commission.
Are there any withdrawal fees?
Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested, and only 11-25% of traders earn a profit. It may not be the best choice for those seeking a wide variety of instruments or advanced trading platforms beyond MT4.
“Blunt truth about worldtradex broker, time is now”
💰 The 100% deposit bonus is a nice boost, especially for smaller accounts. However, the platform selection is limited to MT4, which may feel outdated for some traders, but not for me…✅ Overall, it’s a solid choice for anyone seeking transparent and competitive trading conditions. worldtradex minimizes non-trading fees, offering a highly transparent fee structure. The broker does not charge any fees for inactivity or deposits on certain account types, allowing traders to maintain and fund their accounts without worrying about hidden costs.
- The only thing they gotta do is maintain this quality of services.
- Daily technical analysis is updated on the website with the latest information and a successful retest of the next momentum.
- However, worldtradex does not have a specific web-based trading platform; all trading is done using desktop or mobile applications based on MT4 software.
Although some brokers like Vantage offer a similar service with less stringent qualifying criteria, worldtradex’s VPS, combined with its excellent pricing, will appeal to high-volume traders and algo traders. One of this platform’s biggest advantages is its support for automated trading via Expert Advisors (EAs), which have long been favored by algorithmic traders and which we feel are yet to be surpassed. The secure back office of worldtradex handles all financial transactions. worldtradex maintains a nice balance of traditional payment processors like bank wires or credit/debit cards, modern e-wallets like Skrill or UnionPay, and cryptocurrencies. The minimum deposit at worldtradex usually starts at $100 or the equivalent in other currencies.
This program provides access to high-speed servers and uninterrupted trading through Virtual Private Server (VPS) hosting. By minimizing latency and enhancing order execution speeds, the VPS Sponsorship Program ensures that automated strategies operate smoothly and efficiently, maximizing trading performance. Single account never bothered me anyway and I think this is how they made sure everybody is equal and one is not getting better trading conditons than the other! I’ve seen companies who have many accounts and if you pay 10k you can get better conditions, this should not work like this, and worldtradex has my utmost respect for doing the right thing. The spreads are not that bad, but can be even lower for the popular pairs like eur/u sd because a lot of poeple trade it. worldtradex provides quality research tools meant to improve traders’ market analysis and decision-making capacity.
Still, worldtradex has done well by providing an attractive, affordable and simple account option for day traders who will appreciate having no trading restrictions or minimum deposit requirements. worldtradex provides clients with daily technical analysis for the EUR/USD, GBP/USD, and USD/JPY. While each analysis is brief, it features all required information for traders to take a position. It also maintains a blog where it publishes market-related content, but the Forex News section does show wide gaps between its posts. With such a useful market analysis, we would love to see the section expanded to other pairs. worldtradex welcomes traders from a wide range of countries across the globe, offering its services to a diverse international client base.
It allows trading major, minor, and exotic currency pairs, and cryptocurrencies with access to Bitcoin, Litecoin, and Ethereum, major indices from the EU, US, UK, and Asia. New traders can take advantage of worldtradex’s generous Welcome Bonus, which provides a percentage bonus on their initial deposit. This bonus is designed to give new traders an extra boost as they start their trading journey, allowing them to explore more trading opportunities without risking additional capital.
Indices trading is another key offering at worldtradex, allowing traders to gain exposure to the performance of entire stock markets through major global indices. worldtradex provides access to a variety of indices, including well-known benchmarks such as the S&P 500, Dow Jones Industrial Average (DJIA), NASDAQ Composite, FTSE 100, DAX 30, and Nikkei 225. worldtradex offers competitive spreads and leverage options on indices, facilitating both speculative trading and hedging strategies. The platform is equipped with advanced analytical tools, including technical indicators and charting features, to help traders analyze market trends and make strategic trading decisions. Whether you are bullish or bearish on broader market movements, worldtradex’s indices trading platform provides the necessary tools and resources to execute your trading plans with confidence and precision. worldtradex offers an extensive selection of tradable instruments, providing traders with the flexibility to diversify their portfolios across multiple markets.
Client support is number one, and worldtradex has great support, so I am satisfied. Since I became client, I have done many withdrwaals, and all of them came in. Trading there, were both stable and favourable experience, this I I thing matters the most, while chooising any broker. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. Focused on the generally-used MetaTrader 4 (MT4), worldtradex does not provide the MetaTrader 5 platform.