Essentially, the broker lends the trader money so that the latter can open bigger positions. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. worldtradex offers 24/7 customer support via live chat, email, and phone in English. Agents respond quickly and appear generally knowledgeable and polite.

Tradable Instruments

• The broker teases customers with decent customer support that we get through live chat, email, and phone calls.
• We do not provide financial advice, offer or make solicitation of any investments.
• The mobile trading app is perfect for taking the markets with you in your pocket.
• worldtradex works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker.

This transparent pricing model allows traders to easily understand their costs upfront. The details of the spread structure are elaborated in the next section. In the vast landscape of forex brokers, worldtradex has established itself as a prominent player, known for its commitment to transparency, advanced technology, and a client-centric approach. In this comprehensive review, we’ll delve into the key features, trading conditions, and overall user experience that define worldtradex as a brokerage choice for traders seeking precision in the forex markets. worldtradex stands out as a solid broker choice for traders looking for a low-cost, regulated platform.

worldtradex ECN XL account holders pay no commissions to trade any supported asset. Dealing spreads for forex pairs and CFDs can vary from 0.0 pips upwards depending on the liquidity and trading volume of the asset involved. Available from the website, worldtradex’s educational articles cover an array of important trading topics, such as matters pertaining to technical analysis and margin trading. Traders can use them to learn how to use various technical indicators, how market execution functions, what is slippage, and more.

The customer service people answered me quickly and professionally, even though I was a little “difficult” at times... It’s a small thing, but it adds up to form the overall experience with a company. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers mentioned in this article. I started my career in investment banking in London as an FCA-approved person.

Research Tools worldtradex

worldtradex’s commitment to multilingual support enhances accessibility for clients from various regions, although it’s important to note that support is unavailable on weekends. The platform is available for all operating systems and fully compatible with EAs, hedging and equipped with advanced technical indicators, analytical objects, and charting tools. The asset being traded will affect these fees, which apply to both long and short positions.

worldtradex Non-Trading Fees

• The agents were friendly, and provided suitable answers to all my queries, in a personalized manner with no frustrating chatbots in sight.
• Traders are encouraged to review the broker’s comprehensive legal documentation to gain a thorough understanding of its compliance policies and regulatory adherence.
• While this type of fee is not unusual, worldtradex imposes it after a relatively short period of time, especially compared with OANDA, which only charges its $10 inactivity penalty after 12 months.
• The other e-wallets Neteller and Skrill process deposits within an hour of the request and are instant for withdrawals, which is competitive.
• The web version of the platform is great if you need to access your account from any device without installing any software and it is always up to date.

worldtradex is a reputable global brokerage platform that empowers traders by providing access to a diverse range of financial markets, including forex, commodities, indices, cryptocurrencies, and more. The broker is dedicated to fostering a seamless trading environment through advanced trading technologies, robust security measures, and comprehensive customer support available 24/5. In this general overview, we explore the key features and offerings of worldtradex, highlighting why it stands out in the competitive brokerage industry. This overview serves as an introduction to the platform’s strengths, laying the groundwork for a more detailed examination of its services, tools, and support systems in the sections that follow. Overall, worldtradex is a multi-asset brokerage firm that gives you access to trade over 200 financial instruments via the popular MT4 trading platform.

How do I deposit money into a worldtradex account?

Whether on iOS, Android, or any other device, you can enjoy the full functionality of the platform. Even the advanced features, such as real-time charting and market analysis tools, are available for mobile use, allowing you to trade anytime, anywhere. With the worldtradex Trader Mobile Platform, you can stay connected to the markets and trade with ease, no matter where you are.

You can even get a VPS service for free to keep your automatic trading bots running smoothly if your own Internet is spotty. worldtradex supports the MT4 mobile trading platform that provides excellent trading features you can also enjoy when using the MT4 desktop platform. Not only can you select from a wide range of charting tools and technical indicators with this app, but you also get real time market pricing. worldtradex, established in 2010, prides itself on being a pioneer in Electronic Communication Network (ECN) forex trading. Headquartered in Cyprus, it is regulated by the Cyprus Securities and Exchange Commission (CySEC) and offers access to a diverse range of financial instruments through its award-winning trading platforms. worldtradex supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill.

Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. He earned a Bachelor's degree in Economics and International Relations.

All Forex trading companies domiciled in the EU are subject to the regulatory supervision and scrutiny from all allied regulatory organizations, which ensures a uniform code of conduct across the EU. worldtradex is also expected to have an effective insolvency procedure in place to ensure that all customers will be fairly compensated in the event of bankruptcy or liquidation. The CySEC has further reinforced investor safety through the Investor Compensation Fund that provides a guarantee of up to €20,000 if a broker winds up its business without warning. worldtradex is registered as a Cypriot Investment Firm (CIF) under the brand name, Forex Central Clearing Ltd., which holds at least €1 million in tangible assets.

Forex trading involves buying and se­lling currencies in the fore­ign exchange market, whe­re you can profit from fluctuations in exchange rate­s. As Worldtradex review a trader, you can speculate on the­ price movements of various curre­ncy pairs to generate profits. IG is well-known for having the widest selection of CFDs among Forex trading brokers, enabling various trading options.

A single account

Yes, worldtradex gives traders access to major cryptocurrencies like Bitcoin, Litecoin, and Ethereum available on a CFD basis. worldtradex is regulated by Cyprus Securities and Exchange Commission (CySEC) , a low risk trading broker. Although some brokers like Vantage offer a similar service with less stringent qualifying criteria, worldtradex’s VPS, combined with its excellent pricing, will appeal to high-volume traders and algo traders. In our experience, the 0.2-pip average spread on EUR/USD is far tighter than most commission-free accounts, which regularly charge 1 pip or more for this major pair.

While an EU-based entity adheres to all the essential safety requirements, the offshore entity offers weaker client protection. On the other hand, the broker charges a handling fee for withdrawals and does not afford an alternative to MT4. However, no forex broker or strategy can guarantee positive returns so you should never invest more than what you would be comfortable losing. worldtradex does not have a dedicated mobile app, but clients can trade using MT4’s app, which is available from the Apple App Store and Google Play. The European branch is licensed by the CySEC, a reputable regulator, and the brokerage has earned a good reputation with over 10 years in the business.