For example, the Standard account offers a reduced list of metals and CFDs in addition to forex. worldtradex does not charge inactivity fees – a levy we see at many forex brokers we review. The Forex Standard account offers commission-free trading Worldtradex review with spreads from 0.5 pips.
Forex Fees
worldtradex is one of the few brokers that can offer access to trading a wide range of asset classes, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks. The broker also provides a range of trading platforms including MetaTrader 4, MetaTrader 5, CQG, J2TX, and Sterling Trader Pro. However, some drawbacks include varying withdrawal fees, a relatively high inactivity fee, and mixed customer reviews on platforms like Trustpilot. Despite these concerns, worldtradex remains a competitive brokerage for traders who prioritize low spreads, direct market access, and a wide selection of tradable assets. worldtradex is an established Europeanonline discount broker offering its services to clients in more than 130countries since 2016. In our review, we learn that the broker hosts four proprietary trading platforms and four third party trading platforms.
worldtradex Broker Copy Trading & Investment Options
Traders should view these reviews as one aspect of their comprehensive assessment of worldtradex. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. They have mobile-optimized charts, multiple order types and facilitate one-click trading.
Trading platforms to support your strategy
Our evaluation of worldtradex shows there are limited trading promotions for retail traders. This is common in the online trading industry, and while it may be a disappointment to some investors, we do not rank worldtradex down for this. Our team don’t recommend traders choose a broker based on sign-up bonuses.
For stock and options trading, worldtradex just charges $2.50 per trade (with a $0.50 additional fee per contract for options). Few, if any, of their competitors can boast such incredibly low rates, which contributes further to worldtradex’s focus on high-activity traders. Generally, as with any other platform, users of worldtradex are able t make trades at a frequency suitable for their investment strategies. This is great news for advanced and experienced traders, who want to make sure they have the ability to change their portfolio whenever they want to.
This includes bank wire, credit/debit card and online payment systems such as Neteller and Skrill. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal. I am impressed how by how they incorporate a high-speed trading infrastructure with ultra-modern 100G network covering Europe, America, Asia and Russia. This allows them to maximise order execution speeds, from 0.05 seconds.
- Many leading forex brokers we evaluate do not charge at all, so this is a negative, especially for traders who make frequent withdrawals.
- The platform’s user-friendly interfaces, coupled with a variety of educational resources, aim to simplify the complexities of financial markets.
- I was pleased to see that the broker gives you professional analytical assistance with high-quality research that covers most financial markets and instruments worldwide.
- worldtradex has won 6 prestigious awards, offering excellent services to over 155,000 users.
Alternative Brokers
Secondly, the ROX platform is a trading platform aimed mostly at stock and options trading in the US, Canada, Mexico, and several European countries. The ROX platform is available for a minimum deposit of USD 3,000, and all trades made here are for the actual securities (no CFDs), and thus comes with a commission on all trades. The “TradingFinder” platform offers various services, some of which, like introductions, are free, while others, such as our specialized services, are provided for a fee or through a subscription. worldtradex is a reasonable forex broker for beginners, but not the best we have tested.
Recent Reviews
- There also are a host of educational, research, and news resources to help both beginner and expert traders understand and navigate the stock markets.
- They offer three forextrading account types, as well as a demo account.
- Coincidentally, one of the first benefits you’ll find mentioned among worldtradex reviews are the fees available with this brokerage.
- Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use.
- If you find that your country is not accepted, please feel free to take a look at our broker ratings for another option.
The platform’s analytical tools include real-time push notifications for market movements, trend exploration across multiple timeframes, and detailed instrument-specific insights. Account creation requires basic personal details and identity verification through a standard KYC process, typically completed within one business day. For newcomers, worldtradex offers a demo environment with realistic market conditions to test strategies before committing real funds. The major impression you get with worldtradex is a company that offers record-low trades at the expense of most everything else you might want out of an online brokerage firm.
Stock traders will also find a suitable account, but let’s dive deeper and uncover more details. Additionally, worldtradex offers a few mobile apps, including an advanced app for iOS and Android devices and a swipe app. Likewise, the firm offers an iBROKER Mobile App for futures traders. The laudable support system is multi-channelled across live chat, email, and phone communication. Customers can also access a wealth of information on the trading platform, including detailed FAQs and tools for answering questions and explaining diverse trading nuances. Like some of its major competitors, worldtradex aims to educate its users through various learning resources.
However, while worldtradex has taken the step of elevating its users’ trading experience, it still has much to do to stand shoulder-to-shoulder with the best brokerages. 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. In other words, worldtradex is for the pragmatic trader seeking simplicity and efficiency. Each account type features different commission structures and platform access. When selecting, consider both current trading patterns and your future growth as skills and capital expand.
Using their trading strategies, the broker can manage client capital by investing in stocks of leading US and global companies that are traded on the major exchanges NYSE, NASDAQ, BATS, etc. The minimum amount required is $80,000 and there is an asset management fee from 20% charged based upon the NAV growth. There is absolutely zero guarantee on the performance when investing in asset management. Read the risk disclaimers on the worldtradex website and seek independant advice. worldtradex offers a wide range of instruments for trading, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks.
It’s important to treat day trading stocks, options, futures, and swing trading like you would with getting a professional degree, a new trade, or starting any new career. Yes, we work hard every day to teach day trading, swing trading, options futures, scalping, and all that fun trading stuff. But we also like to teach you what’s beneath the Foundation of the stock market.
Now, I’m getting a tad bit ahead of myself, but when you’ll find yourself registering on the site, you’ll have two options to pick from – either the MT5 platform, or the cryptocurrency exchange. The two are different, and represent the different features mentioned above. This regulatory framework mandates that worldtradex adheres to strict financial standards, including the segregation of client funds and participation in investor compensation schemes.
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.