No, worldtradex does not accept clients from the United States due to regulatory restrictions. Traders in the U.S. should look for brokers licensed by the Commodity Futures Trading Commission (CFTC) or NFA. worldtradex Copy simplifies Forex trading by removing complexity and providing hands-on control. Whether you’re a beginner or pursuing passive income, this app streamlines investing with transparency, flexibility, and expert trader insights. worldtradexVision evaluates your trading history, highlights key metrics, and offers tailored performance reports. This helps you identify mistakes, leverage strengths, and adapt strategies for greater consistency and profitability.
- Therefore, worldtradex distinguishes itself as a trustworthy broker committed to ensuring client safety at every step.
- To access those, a trader’s account must be funded with at least $10,000.
- You can create multiple trading accounts for your worldtradex profile, each with its own balance and leverage.
- An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
- worldtradex also operates under other entities that are regulated by lower-reputation organizations.
You’ll be asked to choose between a real or demo account and select your preferred trading platform. You can practise at your own pace, top up virtual funds any time, and experiment with trading strategies until you’re confident enough to open a real account. worldtradex is a trusted broker that offers Contracts for Difference (CFDs) and competitive spreads across 300 trading instruments. While worldtradex presents several commendable features, it’s essential to carry out your own thorough research before deciding to trade with them.
Flexible margin trading
Like most brokers, worldtradex does not allow funding to or from third parties. All withdrawal requests from a trading account must go to a funding source in the trader’s name. We were impressed to find that worldtradex offers a good range of funding methods, and deposits and withdrawals are free and fast. Overall, worldtradex’s platform support is about average when compared to other brokers.
worldtradex – Best Inhouse/Proprietary Trading Platform
We offer convenient portfolio management, transparent trading conditions, helpful educational materials, and easy-to-use service where nothing distracts you from making a profit. Every year we improve our conditions to make your trading journey easier. Choose from 300+ trading instruments, including shares, commodities, and indices. FxScouts Group’s primary mission to provide unbiased and objective reviews, commentary, and analysis. While some data may be verified by industry participants, FxScouts maintains full editorial independence and never allows third parties any control over our work.
Cryptocurrency leverage increased
worldtradex offers top-notch market research for a streamlined trading experience. I liked its innovative market trackers, sophisticated market breakdowns, and featured trading ideas. My only gripe is that it does not offer any content from third-party sources like Trading Central or Autochartist for extra nuance. worldtradex stands out in the research category with a rich set of in-house tools, including daily market overviews, an economic calendar, and featured trading signals. While it doesn’t provide third-party research, the in-house content is more than sufficient for keeping up with market movements. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage.
With a wide range of trading instruments, user-friendly platforms, and robust customer support, worldtradex provides an appealing choice for both novice and experienced traders. The broker’s low minimum deposit, competitive spreads, and comprehensive educational resources enhance its accessibility and attractiveness to different kinds of traders. However, it’s important to note that worldtradex doesn’t offer trading in certain instruments like ETFs and stocks. worldtradex provides low-cost trading with spreads as tight as 0.4 pips for major currency pairs, making it an affordable choice for many traders. The broker offers commission-free trading on its Standard accounts, which is ideal for casual traders looking to minimize costs.
Key Features, Pros & Cons
worldtradex handles customer queries through multiple channels including a live chat function, email, and phone support. One negative aspect we encountered while trading with MT4 was that it does not allow for regular partial closes. For example, when we attempted to close 0.3 lots from a position of 0.5 lots, the entire 0.5 lots were closed, and a new position of 0.2 lots was opened instead. However, when we performed the same operation for the same MT4 account from the worldtradex app, we found that this partial closing was allowed. Entry and exit orders were executed as intended, with only minor slippage observed. Limit orders were adjusted almost exactly to the specified price without jumps, though a small percentage of stop orders did experience some variation.
Is worldtradex Regulated and Safe?
Its spreads start at 0.6 pips, and without hidden charges, it offers an affordable way to trade various markets while maintaining strong performance and flexibility. These spreads are markups with no added commissions, meaning the spread is the only trading cost, and it adjusts dynamically based on market conditions. worldtradex delivers a transparent fee model with zero commissions https://lunarcapital.world/ on trades, no deposit or withdrawal charges, and competitive floating spreads starting from 0.6 pips. This structure enables traders to focus purely on market performance without worrying about hidden costs.
worldtradex does not charge fees for deposits or withdrawals, nor does it impose commissions on trades. One of the standout features of worldtradex is that it does not charge swap fees. Positions held overnight are not subject to fees, whether positive or negative, which is a distinctive aspect of worldtradex. After two years in development, worldtradex has launched its own trading platform, worldtradexTrader, available in a web browser. With an intuitive layout and all the features you would expect from a modern trading platform, worldtradexTrader is particularly good for beginners.
Available Assets and Leverage
We ensure transparency by incorporating regulator data and user insights. Our in-depth reviews consider over 200 metrics across seven key categories. The radar chart to the left shows how important each category is when calculating a broker’s final score. Like its education section, the market analysis materials available at worldtradex are better than most other brokers. Select another broker to another broker to compare features, fees, and platforms side by side.
Another great perk is its streamlined worldtradexTrader platform, which is available as a pleasant alternative to MetaTrader 4 and MetaTrader 5. worldtradex – established in 2011 and headquartered in the Comoros – is a financial derivatives broker that distinguishes itself with its user-oriented, innovative, and often offbeat approach to trading. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team.
- These instruments are offered as CFDs, allowing traders to take advantage of price movements without the need to physically own the commodities.
- This assessment delivers a transparent evaluation of worldtradex’s trading conditions, tools, support, regulatory standing, and overall suitability for traders.
- The range of instruments available to trade is also slightly limited compared to other brokers, with 52 Forex pairs, 5 commodities, 10 indices, 150 equities, and 34 cryptocurrencies.
- Many traders report slow or delayed withdrawals, sudden leverage reductions, and execution issues such as slippage or account freezes.
Cryptocurrency trading launched
Additionally, approximately 30 cryptocurrency assets are available (also during weekends). The floating spreads for currency pairs involving the yen ranged from 1.9 to 2.6 pips, while major pairs (excluding EUR/USD) average around 1.5 pips. Spreads across different account types are similar, with worldtradexTrader accounts offering slightly lower spreads for Forex.
When broken down by asset class and compared to the industry average, worldtradex delivers low spreads on share CFDs and average spreads on Bitcoin. Its EURUSD spread was impressively tight, but the GBPJPY cost was noticeably higher during my test. Commodities and indices also came in on the pricier side, with crude oil, the German DAX, and the US 30 index showing particularly elevated spreads. I was most impressed by worldtradex’s AI-powered market research and comprehensive educational content.
These trader-friendly policies lead to worldtradex receiving a top rating for its deposit and withdrawal procedures. worldtradex does a commendable job of offering educational and research materials to its users, though room for improvement and expansion still exists compared to some industry leaders. In terms of commodities, worldtradex presents opportunities to trade in energy products, precious metals, and others. For those interested in trading indices, worldtradex provides access to some of the world’s major indices. Forex trading is a major focus, with over 52 currency pairs available, encompassing major, minor, and some exotic pairs.