Premium and VIP account holders enjoy tighter spreads, making these options especially attractive for high-volume and frequent traders. Standard account holders also benefit from competitive spreads, ensuring that even beginners can trade cost-effectively. This transparent pricing model allows traders to easily understand their costs upfront. The details of the spread structure are elaborated in the next section. Forex trading is a cornerstone of WorldTradex’s offerings, featuring a comprehensive selection of currency pairs for traders to explore.
WorldTradex offers variable spreads that differ based on the account type and the financial instrument being traded. Major currency pairs, such as EUR/USD and GBP/USD, typically enjoy tighter spreads, especially on Premium and VIP accounts. For example, the EUR/USD spread can be as low as 0.3 pips on the VIP account, providing significant cost advantages for frequent traders. While spreads are slightly wider on Standard accounts, they remain highly competitive, making WorldTradex an appealing choice for traders of all levels.
- It feels rather cumbersome and, therefore, not suitable for carrying out penetrating price action examinations.
- Their customer service indeed cares about the comfortability of clients.
- WorldTradex offers competitive spreads and leverage options on indices, facilitating both speculative trading and hedging strategies.
- Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.
- WorldTradex does not have a proprietary mobile app, though MT4 can be downloaded to Android and Apple devices.
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- This is a convenient range and I was especially happy with the inclusion of crypto payments as these are highly flexible and should work for traders based almost anywhere.
- Premium and VIP account holders enjoy tighter spreads, making these options especially attractive for high-volume and frequent traders.
- On the downside, the offshore branch is unregulated, reducing the broker’s safety rating for global traders.
- He explained the difference between WorldTradex’s spread markup and typical volume-based commissions with relative ease.
- WorldTradex’s non-forex asset list is less competitive, with the lack of shares a notable exclusion and very few other markets.
- His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis.
Seasonal promotions are time-limited, encouraging traders to engage actively and take advantage of the enhanced offers. WorldTradex offers a diverse range of bonuses and promotions designed to enhance your trading experience and provide additional value. These incentives are crafted to reward both new and existing traders, encouraging continuous engagement with the platform and maximizing trading potential. WorldTradex provides trading in over 70 major, minor and exotic currency pairs, with especially tight forex dealing spreads.
Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat. The FAQ section answers many of the most common questions, and WorldTradex is transparent about its products and services. Most traders are unlikely https://worldtradex.world/ to require additional assistance unless of an emergency.
Bank wire transfers are on the slow end, taking between five and seven business days for both deposit and withdrawal requests, while crypto transactions are usually fast, taking 15 minutes or so. On the downside, WorldTradex’s high fees for most withdrawal methods are a disadvantage. The $30 – $45 charges are way above brokers such as eToro, which only charges $5, and many brokers we evaluate that offer free withdrawals. During tests, the EUR/USD came in at 0.1 pips, which is tighter than rivals like WorldTradex with its 0.6 pips on the same pair. Spreads on other key currency pairs are also competitive, coming in at 0.5 pips on the EUR/GBP and 0.7 pips on the GBP/USD. These flexible deposit options make WorldTradex accessible to a wide range of traders, from beginners to high-frequency and institutional traders.
WorldTradex’s Non-Trading Fees
This ended badly.Now I am back at my feet and trading on ecn xl here, this time with a plan and a nice leverage thanks to WorldTradex. The acc even allows hedging, though I think it needs to be used only in certain situations, not always. I think it is great how the broker supports Muslim traders by giving them the option of a swap-free account which complies with Sharia law. However, this is not a unique feature and something that you will find most brokers provide nowadays. However, the broker does not offer any other platforms such as MetaTrader 5 (MT5), cTrader, or an in-house proprietary platform.
Yes, our WorldTradex review found that the broker is regulated by the FCA, BaFin, and CySEC. While these are all leading regulatory bodies, our WorldTradex review experts highly suggest registering with one of our recommended and trusted online forex brokers instead. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews.
Overview of Trading Platforms
Spot gold contracts for difference (CFD) can be traded against the U.S. dollar and the EU euro, while spot silver, palladium and platinum contracts can only be traded against the U.S. dollar. You can also trade Spot US Crude Oil (WTI) and Spot UK Brent Oil (BRENT) contracts. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. I use WorldTradex for forex trading and have been impressed with the huge range of currency pairs, transparent fees and reliable MetaTrader 4 platform. I think the client dashboard and website could do with an overhaul though – they are pretty dated.
Where is WorldTradex based?
However, you must do your own due diligence and make your own decisions when choosing a broker. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.
WorldTradex is nice broker and they helped me…
I feel like each one of us needs to find 1 broker he “clicks” with. 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.
WorldTradex Deposits and Withdrawals
This is a rare feature that you don’t see at many rivals, and a promising sign of transparency. 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. 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.
