I was trading with another broker previously, and after I pressed the buy or sell button, there was a little time to wait for the trade to be executed. So many times my trades were executed at a different price than the one I saw on the chart.Here things are completely different. Plus the spreads are tight.My overall trading experience and profits improve by far just by changing the broker I trade with. worldtradex works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker. Ordinarily, we prefer to see a choice between a commission-free account (geared towards beginners) and one with raw spreads and low 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.
Bonuses
- This is essentially free credit that can be used for trading purposes, and I was pleased on this occasion that there were no minimum trading requirements.
- worldtradex has a clean regulatory track record and established itself as a secure and trustworthy broker.
- After reviewing worldtradex, we find that the company offers trading with the STP/ECN model and quotes directly from liquidity providers.
- It fully supports automated trading and is one of the most versatile trading platforms available.
- Client deposits remain segregated from corporate funds at both entities with leading international banks, but worldtradex does not list them.
worldtradex occasionally introduces other bonuses and promotions, which have included a $50 worldtradex no deposit bonus or annual interest on free margin. worldtradex offers traders the core MT4 trading platform without third-party upgrades. worldtradex is a low-cost brokerage with no commissions and spreads that are generally competitive, especially on currency pairs. worldtradex is good for day trading thanks to its very tight spreads in the ECN account, leverage trading opportunities, and access to the fast and dependable MetaTrader 4 platform. worldtradex enhances the mobile trading experience by offering the MT4 application, compatible with iPhone, iPad, and Android devices, ideally suited for day traders.
It is safe and has the necessary security tools in place, and also has a lot of good trading conditions. 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. Anyway, after reading some reviews I decided to give it a shot and signed up for this company.
Is worldtradex regulated?
MetaTrader 4 is one of the most popular forex trading platforms in the world today. MetaTrader uses its own programming language MQL4, which allows you to program your own automated trading robots. The overall trading environment at worldtradex features a low cost structure and competitive asset selection, .
Clients may also use their Facebook or Google accounts to open an account. Since worldtradex is a regulated and fully compliant broker, new traders must pass account verification per AML/KYC stipulations. A copy of the ID and one proof of residency documents usually satisfies this final step. worldtradex lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and Brent. Overall, the asset selection is both impressive and more than ample for new and intermediate traders. All content on this site is for informational purposes only and does not constitute financial advice.
I like how tight spreads they provide on the forex market and the spreads are even more tighter than from other major and famous brokers. The technical support is good and it is noticeable that there are competent guys working. In this worldtradex review, we examine the broker across key categories, including its accounts and fees, trading platforms, and customer support, to find out how it competes with alternatives.
This average customer rating is based on 27 worldtradex customer reviews submitted by our visitors. Compare the markets and instruments offered by worldtradex and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
worldtradex has two operating subsidiaries, one authorized by the business-friendly VFSC and https://worldtradex.space/ one by the CySEC, which operates under the globally least-competitive ESMA regulatory framework. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. But there is 0 dongs and whistles, so, again, not everyone might like it.
worldtradex runs bonus offers in certain jurisdictions, and when I opened an account with the global entity I was offered a 100% deposit bonus up to $2000. worldtradex is registered in Vanuatu with registration number and regulated by the VFSC and CySEC. worldtradex is also registered in 26 European Union countries under the Markets in Financial Instruments Directive (MiFID). Our team is always available to guide you through your trading journey, offering seamless customer support and personalized assistance whenever you need it. The ECN/STP model gives worldtradex clients the freedom to trade on a more level playing field.
worldtradex lacks more trading tools, like CFDs on stocks for example, which became so popular recent days. The Vanuatu Financial Services Commission (VFSC) provides worldtradex with a competitive regulatory environment for international clients. EEA-based traders manage their portfolios from a subsidiary that is authorized by the Cyprus Securities and Exchange Commission (CySEC).
Accounts & Banking
This is low compared to many brokers, but it’s still a downside since rivals like Vantage charge nothing, making them a better fit for casual traders. The most frustrating absence is stocks, which are entirely missing, though traders can at least speculate on stock markets through index CFDs. On the surface, this is an ideal offering that provides the best of both worlds, though in practice we found some instruments pricier than others, so you shouldn’t expect superior pricing across the board. That said, this broker does implement negative balance protection across both EU and offshore entities, unlike alternatives such as Fusion Markets. This means that clients of worldtradex’s offshore branch won’t get the same level of protection and won’t have access to compensation schemes or trusted regulators if things go sour. All the services on the TopForx.com website are free for you to use.
Customer Support and Educational Resources
worldtradex provides free VPS (Virtual Private Server) access for stable, fast, and high-performance trading. This dedicated server can handle multiple platforms and accounts, run automated programs, and ensure smooth trading operations. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.
The international subsidiary, on the other hand, operates with limited oversight, and this holds the broker back from achieving a higher score. Placing a trade is a quick and straightforward affair that can be completed in a couple of clicks via the ‘Market Watch’ window or even more smoothly by turning on one-click trading. It was simple to complete the demo registration process within the client portal with the benefit of not having to complete any identity verification requirements. This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage.
While an interactive course or videos are not available, the existing content provides a well-thought-through introduction to trading. Positives are the no minimum deposit, https://worldtradex.world/ free demo account and excellent support, however it lacks the educational tools or social trading features provided by category leaders like eToro. One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment. worldtradex also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework. 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.
