worldtradex offers an account management service to its clients, which allows account managers to trade on their behalf. In order to perform this service, bespoke technology or software is required, also known as MAM/PAMM. Due to Anti-Money Laundering policies, worldtradex does not accept payments from third https://worldtradex.pro/ parties and only accepts funds received directly from the named trading account holder. The first time you make a withdrawal, you must complete a downloadable form and return it with a photographic ID.
- worldtradex operates under the regulations of the Australian Securities and Investments Commission (ASIC).
- Their commitment to transparency and customer service sets them apart in a crowded market.
- Generally, the commission structure of worldtradex is competitive in the market, which qualifies for both consumers and professional traders seeking for reasonably priced trading options.
- worldtradex operates on a clear commission structure defined by account type.
Research and Education
ASIC enforces stringent requirements on brokers, ensuring that they adhere to high standards of transparency, security, and client protection. This focus on education indicates that worldtradex values its clients and recognizes the importance of informed trading decisions. Traders looking to sharpen their skills will find ample opportunities to learn from industry experts, which can be instrumental in achieving trading success. For individuals who would rather communicate directly, worldtradex offers phone support with assigned numbers for different areas so clients may reach out anywhere. In addition, there are established centers in the Asia region, Europe and Australia so the time zones and accessibility are counted, this is why customer service is available 24/7.
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Platforms available as a Web Trading platform and supporting other versions too. worldtradex Spreads are ranked low/ average with overall rating 4.5 out of 5 based on our testing comparison to other brokers. We see Forex spread much lower than the industry average we test on over 500 Brokers marking 1.2 pips for EURUSD and is 1.1 pips at FP while Standard Account typical fees mentioned start at 1 pip. In addition to main fees, always consider rollover or swap rate as a trading cost, since the broker charges a small fee for the position being held overnight (longer than a day) and is https://worldtradex.blog/ defined by the instrument. Moreover, there is an option for Muslim traders to trade through a Swap-Free account, which is suitable for followers of belief and tailored according to the strictest rules.
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worldtradex stands out for the competitive pricing available to forex traders with its ECN account. However, that pricing is only available with the MetaTrader platform, and worldtradex offers only 764 symbols on MetaTrader 5 (MT5). worldtradex delivers a good variety of mobile apps for forex and CFD traders. Its proprietary app has a nice layout for a new mobile app but lacks the advanced features that I’ve come to expect from the best brokers in this industry. Thankfully, MetaTrader and cTrader platform suites are available as reliable alternatives. It also does not have any investor protection scheme for non-UK/EU traders.
Known for its competitive pricing, extensive product offerings, and robust trading platforms, worldtradex provides a unique blend of features that cater to various trading styles. While worldtradex provides a solid trading experience, there could be improvements in the variety of educational resources and tutorials for new traders. Enhancing mobile app functionality and adding more advanced features could also benefit users on the go. Furthermore, more options for deposit and withdrawal methods would improve overall accessibility. The IRESS platform stands out as a premium offering for professional traders seeking advanced capabilities. This platform provides real-time market data, advanced order types, and professional-grade charting tools.
In the table below we gather worldtradex Key Points to consider including Available Trading Platforms, Account Features, Instrument Range, Typical Fees, Support etc. As a valued client, we would like to offer you a VPS FREE of charge, provided you have a monthly trading volume of over 10 lots of Forex and Metals on a Standard trading account, or over 20 lots on our Raw account. If you meet the required volume we will cover your subscription fee with our dedicated forex VPS provider. In addition, the broker adheres to high standards to protect its clients’ funds, keeping funds in separate accounts and using technical safeguards to protect users’ personal and financial information.
An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
It is an automated technical analysis tool that plugs into MT4 and MT5 and scans all available CFD markets for trading opportunities. An admin fee of 5 USD per lot on major currency pairs is charged per night. However, fees are not charged for the first ten nights of trading and will only be applicable from the eleventh night.
Payment Options and Withdrawal Times
Although brokers like IC Markets and Pepperstone also provide low fees on commission account, worldtradex distinguishes itself also with no inactivity fees and low withdrawal costs. worldtradex is a popular and large Forex Broker that provide professional trading experience for quite long time since the broker was established in 2005 and ever since serve over 12,000 clients worldwide. Reviews about worldtradex are overwhelmingly positive, especially when it comes to low spreads, wide range of instruments and professionalism of customer service.
This table provides a breakdown of commissions and fees for Forex, Metals, Commodities, and Indices. Enjoy the advantage of minimal spreads starting from 0.0 pips and easily trade these ETFs through your worldtradex account. Access the MQL4 community, use various indicators and tools, and customize your trading environment. Inactivity for more than 30 days will result in the expiration of your demo account, which cannot be reactivated. Broker worldtradex ensure that retail client funds are always kept separate from the firm’s capital and held in segregated accounts at leading banks. Conversely, if immediate customer support and prompt withdrawal processing are paramount, you may want to consider these factors closely before making your decision.