worldtradex transparently provides all necessary information on its website. There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply. The service provider is BeeksFX, but worldtradex clients must have a minimum account balance of $2,500 and a monthly trading volume of 30 standard lots.
These findings are based on our first-hand experience trading at worldtradex and take into account the overall experience for day traders. Clients have access to the full suite of the out-of-the-box MT4 trading platform. It fully supports automated trading and is one of the most versatile trading platforms available. MT4 upgrades are available through third-parties for an additional fee to (potentially) enhance the trading experience.
Is worldtradex an ECN broker?
- worldtradex is a low-cost brokerage with no commissions and spreads that are generally competitive, especially on currency pairs.
- Having high levels of experience and knowledge, we are ideally placed to understand our clients needs and to support traders in achieving their ambitions and investment goals.
- Yes, worldtradex is regulated by the Cyprus Securities and Exchange Commission (CySEC) and is considered a low-risk trading broker.
- Wire transfers incur a $30-$45 flat fee (minimum limit of $500), many times more than the $5 withdrawal fee at eToro.
Traders can execute trades with precision, access advanced charting tools, and employ automated trading strategies using Expert Advisors (EAs). Forex Broker Guru is a dedicated website that offers in-depth and detailed reviews of various brokers in the forex market. Our platform provides comprehensive insights into the performance, features, and reliability of different forex brokers. Count on Forex Broker Guru to bring clarity to the world of forex brokers and elevate your trading experience.
Trading Accounts and Conditions
If you have traded with worldtradex we would really like to know about your experience - please submit your own review. Spreads are slightly higher on alternative products, while the withdrawal fee and inactivity penalty lower its fee rating somewhat. I used the live chat function on several occasions and received timely responses in a few minutes each time. The agents were friendly, and provided suitable answers to all my queries, in a personalized manner with no frustrating chatbots in sight. worldtradex does slightly better with its educational content, which includes some basic e-books, articles, and a glossary of key terms.
Yes, worldtradex is regulated by the Cyprus Securities and Exchange Commission (CySEC) and is considered a low-risk trading broker. While St. Vincent & the Grenadines is an offshore zone with less strict financial regulations, worldtradex is still considered safe to trade with due to its authorization by the European regulator. MetaTrader 4 includes trade alerts, a handy tool to help you track the most favourable trading environment and market conditions. worldtradex brand is an international brand that is registered and regulated in various jurisdictions and is committed to offering you the best possible trading experience. While an worldtradex no deposit https://worldtradex.world/ bonus does not exist, worldtradex offers a 100% first deposit bonus with a $2,000 limit. Terms and conditions apply, and I urge traders to read and understand them before accepting the incentive.
Customer Reviews
I want to caution beginner traders against using a demo account as an educational tool. It creates unrealistic trading expectations, and the absence of trading psychology negates the https://worldtradex.blog/ educational value. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.
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Withdrawals at worldtradex are also disappointing, with all methods besides cards and wire transfers incurring a percentage withdrawal fee that can reach a hefty 3.4%, depending on the method. Wire transfers incur a $30-$45 flat fee (minimum limit of $500), many times more than the $5 withdrawal fee at eToro. Importantly, all deposits are fee-free, and e-wallets like Skrill and Neteller process within an hour, compared to 5-7 working days for wire transfers. CySEC is a top-tier regulator that helps ensure worldtradex follows strict business standards and implements safeguards like negative balance protection and segregated client funds. worldtradex clients can trade forex instantly, taking advantage of live streaming, best executable prices in the marketplace, with immediate confirmations.
Having high levels of experience and knowledge, we are ideally placed to understand our clients needs and to support traders in achieving their ambitions and investment goals. By providing a unique suite of resources, a VIP level of services, combined with world-class support 24/5, our low cost trading environment provides the ideal base to succeed. We are committed to our clients’ success, by delivering competitive pricing, via the fairest and most transparent order process in the retail forex trading market. worldtradex's main objective is to empower its clients with all the tools they require, to develop their skills, whilst enjoying an unrivalled trading experience, during every step of their journey.
I really like the ‘average spread tool’ available on the broker’s website which displays fees over recent trading sessions. This is a rare feature that you don’t see at many rivals, and a promising sign of transparency. worldtradex’s investment offering is excellent for forex traders but weak in other departments.
One significant advantage is that worldtradex offers a more in-depth introduction to MT4, which many brokers fail to do, and which can truly set traders up for longer-term success. To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. When you trade with an worldtradex ECN account, you can automatically access multiple currencies like EUR, USD, and GBP with tight spreads starting from 0.01 pips.
