As discovered during our review of worldtradex forex broker, the deposit and withdrawal methods are very convenient and there are no transaction commissions whatsoever. When it comes to deposit and withdrawal commissions, worldtradex deliberately chooses not to charge you a penny for transactions. If your account is inactive for 12 months, however, you’ll be charged 50 USD per year. In our worldtradex broker review, we also found a demo account that can be opened free of charge. By signing up for a demo account at worldtradex, you get 20,000 USD of virtual money (50,000 GBP in the UK), and you can trade forex, commodities, indices, and other instruments 24/5. worldtradex features numerous regulatory materials on its platform, including from the UK’s FCA, FSCA, and ASIC.
Trading Platforms
You will also find plenty of support for worldtradex’s Trading Station and forex trading in general in the education section. This includes trading guides, speakers, a video library, and a live classroom. If you’re an active trader who trades high volumes, you may also benefit from the Active Trader account. This offers more elite pricing, institutional trading ideas, market depth, and other useful features.
Credit card and e-wallet deposits are usually credited to your account instantly, while wire transfers take https://worldtradex.blog/ from one to five business days to complete. These regulatory materials, which are beyond a doubt some of the most powerful licenses in the industry, ensure the highest financial standards at the worldtradex online broker. Client funds are stored separately from the broker’s accounts too, meaning they cannot be spent on operational costs. If you are in the UK or Europe, your funds are also protected against insolvency up to 85,000 GBP.
The worldtradex Active trader account is tailored for frequent traders seeking premium features. Benefits include dedicated support, tighter spreads, and no commissions for UK residents. Active traders enjoy exclusive services like one-on-one consultations, API access for automated trading, and market-depth insights. worldtradex offers various trading platforms, each with unique functionalities and advantages.
worldtradex’s single account has a minimum deposit of 50 USD and average spreads of 0.74 pips (EUR/USD), which is wider than other brokers. Clients with a notional trading volume https://worldtradex.pro/ of more than 10 million USD per month are eligible for rebates, dedicated customer support, free VPS services, and free access to multiple APIs. On the one hand, the company offers competitive spreads and below-market swaps, which are favorable for long-term trading.
worldtradex Broker Customer Support
- worldtradex provides a respectable variety of market research from a combination of in-house content and third-party materials.
- worldtradex represents a comprehensive solution that will benefit traders of all levels — from beginners to professionals.
- You can upload a copy of your ID/passport for verifying your identity, and a bank statement/utility bill for verifying your residency.
- Clients with a notional trading volume of more than 10 million USD per month are eligible for rebates, dedicated customer support, free VPS services, and free access to multiple APIs.
There is a total of 39 currency pairs available with worldtradex, including majors and commodity pairs. While this selection is reasonable, it is somewhat disappointing for a broker that has specialized in forex since 1999; most other forex brokers have the same number of or more pairs. That being said, worldtradex does offer the forex pairs that most traders will be interested in, so only advanced and professional traders are likely to feel the lack of choices. There are also 12 indices to choose from, seven commodities, the BUND treasury fund, and one cryptocurrency CFD, BTC/USD. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.
How to Prepare for a Stock Market Crash?
Traders can find convenient tools for trading in the applications, including the latest news, streaming, and many additional features to enhance the trading experience. The signals provide clear entry and exit market recommendations, with predefined stop-loss and take-profit levels. It’s also important to note that the broker charges a fee of $40 for withdrawals via bank transfer. For withdrawals through other payment methods, worldtradex does not charge a commission. Auto-trading is an ideal solution for traders who do not want to create their strategies or lack the skills to do so. The Mini account is designed for beginners and functions as a Forex cent account.
She is continually expanding her knowledge in Forex trading, staying informed about the latest trends and identifying the best trading environments for new traders. worldtradex offers traders easy access to the Forex market with the Trading Station and MT4 mobile platforms, available on Android and iOS. worldtradex offers one live account, which is limited compared to other brokers, but its account is suitable for beginner traders. CFD brokers registered in SVG are not required to segregate client money from company operational capital, nor are they required to participate in compensation schemes. They are also not required to offer negative balance protection and have no leverage restrictions.
Instead, the broker charges an additional spread or commission as a substitute for interest. Depending on the account type and pricing model, this is done through an increased spread or a separate commission. For testing strategies and practical trading training, worldtradex offers a demo account.
They provide tools for easy trading, like mobile access and quick order execution. worldtradex also offers educational resources to help traders learn and succeed. Their services include support for retail brokers and hedge funds, and they have customer support available five days a week. worldtradex offers many tools for both research and education, each of which has its own dedicated section of the website.
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