These platforms provide traders with a range of https://worldtradex.space/ tools and features to execute their trading strategies effectively across various markets. Remarkably, worldtradex doesn’t charge deposit fees. However, traders should pay attention to potential charges by individual payment channels.
The company was founded in 2007 and since then has managed to attract 155,000 active traders from 130 countries. worldtradex offers traders a robust customer support infrastructure. The broker ensures customers get easily accessible real-time assistance during standard hours (9 – 6 EST) via a live representative. However, customer support isn’t limited to regular work hours. They also extend their reach to cater to queries during extended hours. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process.
Contact methods include https://worldtradex.site/ live chat, telephone and email. 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.
As usual, this includes the well-known MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, but also lesser-known platforms like CQG, ROX, and the crypto-based proprietary platform J2TX. The amount of the minimum deposit for brokers like worldtradex varies widely from one trading platform to the next and can range from $0 – $10,000 with some brokers and trading platforms. worldtradex has a minimum deposit requirement of USD and is aimed at more mainstream traders.
The commission-based MT5 Global account provides traders access to most trading instruments. worldtradex is regulated in Cyprus, offering more than 30,000 instruments for trading. There’s a wide range of account types available, including the full set of MetaTrader platforms and traders get 24/7 online customer support. There are 64 available currency pairs for trading with this broker. However, on Forex and CFD Standard account types, there are only 48 FX pairs. Trading fees on commission-free accounts start from 0.5 pips, which is lower than what most competitors are offering.
Varied Options for All Trading Styles
There is also the CQG platform with four different solutions that can be used to trade futures and options. The broker is also a member of the Investor Compensation Fund, which protects clients with compensation of up to €20,000 in the case of an unresolved dispute with the brokerage. 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. It’s crucial to recognize that online reviews reflect personal opinions and may not capture the full spectrum of client experiences. Traders should view these reviews as one aspect of their comprehensive assessment of worldtradex.
worldtradex Broker Customer Support
Stock traders will also find a suitable account, but let’s dive deeper and uncover more details. First among them, CQG is a platform that is aimed at the more professional segment of the market than MT4/5 and many other typical retail platforms. The platform focuses on options and futures trading via leading international exchanges, and is offered by worldtradex for free for the basic desktop-based version. In this section, the broker provides a news area that is updated and an economic calendar with all the important events of the day and that every trader should know. It also has an area, available under subscription (customers only), with a Forex Daily, Forex Weekly, World Markets Weekly, and Trading Ideas (Market Research). The broker offers an IB system (Introducing Broker).
worldtradex Account Opening and Verification Guide
This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters. Withdrawal times vary depending on the payment method. Our experience shows that once verified, the funds will be returned to your account instantly in the case of e-wallets and within 5 days if you choose bank wire. worldtradex processes withdrawals within 24 hours of the request being made.
The Process Behind worldtradex Required Minimum Deposits
With this variety of currency pairs, including majors, minors and exotics, traders won’t be short of opportunities. The core trading environment is solid, except for above-average trading fees, which I rate as the primary reason I cannot recommend this broker despite numerous bright spots. Traders should always use appropriate risk management with leveraged trading to avoid magnified trading losses.
Inactivity Fee
- Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.
- worldtradex is a reasonable forex broker for beginners, but not the best we have tested.
- 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).
- worldtradex ensures its traders have a robust set of tools at their disposal.
- There are no inactivity fees and spreads on the commission-free Standard account start from 0.5 pips.
- For this reason, the indicator is used to assess the French economy.
Traders also have the option to open Islamic and demo accounts in worldtradex broker to cater to diverse trading needs. The Islamic account complies with Sharia law by eliminating interest charges, making it suitable for Muslim traders. Meanwhile, the demo account allows new and experienced traders to practice strategies in a risk-free environment using virtual funds. Forex trading is one of its focuses, with a plethora of currency pairs across major, minor, and exotic trading pairs. The extensive forex trading options make worldtradex a perfect broker for an elevated trading experience. For those inclined toward commodities, worldtradex provides a diverse asset range, including agricultural and non-agricultural securities.
As part of worldtradex financial regulatory requirements worldtradex are only allowed to offer trading services to those legally classed as adults. Yes, worldtradex is regulated by a respected governing body. The forex broker holds a license with the Cyprus Securities & Exchange Commission (CySEC).
worldtradex offers a wide range of tradable instruments, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks. There are more than 30,000 instruments available through various trading platforms and account types. There are more than 30,000 tradable instruments available. The broker also provides a range of trading platforms including MetaTrader 4, MetaTrader 5, CQG, J2TX, and Sterling Trader Pro.
