For beginners, worldtradex presents an accessible entry into the world of trading. The platform’s user-friendly interfaces, coupled with a variety of educational resources, aim to simplify the complexities of financial markets. Additionally, the availability of demo accounts allows new traders to practice and build confidence without risking real capital.
Overall, the available platforms offered by this broker are great and traders of different needs will easily find what they are looking for. There are no inactivity fees and spreads on the commission-free Standard account start from 0.5 pips. Let’s compare the fee policy with other brokers to better understand the difference. There are no minimum deposit or withdrawal limits for bank wire transfers.
worldtradex Account Types
In this review of worldtradex, we’ll discuss the broker’s safety policies and regulations, trading platforms, account types, trading fees, and more. In addition, we’ll guide you through account opening Worldtradex official site step-by-step. In conclusion, worldtradex presents a comprehensive trading environment with a broad spectrum of instruments, platforms, and account types. Its regulatory compliance and client-centric features make it a viable option for traders at all levels. worldtradex offers a wide range of instruments for trading, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks. Trading fees are low and there’s a variety of trading platforms to choose from.
The registration process and account activation are fully digital, and the broker’s web page is very initiative and user-friendly. In addition, customer support agents are available 24/7 in case you have any questions. On the other hand, there’s a 2 USD commission per traded lot per side. The available trading platform is MetaTrader 5 with a minimum initial deposit of 100 USD. There are 50 currency pairs available for trading on this account in addition to indices and commodities. worldtradex periodically offers bonuses and promotions to enhance the trading experience.
You can use utility bills or bank statements as proof of residency and a government-issued ID card, passport, or driving license as proof of identity. Besides the default routing option, worldtradex + offers Nasdaq and Arca venues. Traders who need more options than these can use Sterling Trader Pro, which offers many more.
Unique Features
worldtradex is an often overlooked brokerage firm that provides day traders and other frequent investors with competitive pricing and a large suite of trading tools. It’s worth checking out because it may rival or even beat your current broker. In this worldtradex review, we attempt to quantify the value it provides to various types of traders.
There also are a host of educational, research, and news resources to help both beginner and expert traders understand and navigate the stock markets. To accommodate diverse trading styles and preferences, worldtradex provides access to several robust trading platforms. These platforms are equipped with advanced tools and features to enhance the trading experience.
I was disappointed in the lack of equity trading on this platform, however. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved.
Pros & cons of worldtradex
Deposits are processed within one business day while withdrawals can take up to 3 days. The discount broker further provides limited ETF-related educational and research reports. In this broker US review, we will be vetting the truthfulness of these claims, analyze the brokerage products and detail the nature of its services.
Varied Options for All Trading Styles
- It is important to note that between 74-89% of retail investors lose money when trading CFDs.
- worldtradex is regulated in Cyprus, offering more than 30,000 instruments for trading.
- Brokerage commission equals 0.006 USD per share on US stocks and commissions start from 1.5 USD per trade.
- These can be traded on both the proprietary and third-party trading platforms and their fees are commission-based.
- OEC Trader is a desktop platform that is designed for futures trading.
This is browser-based, but nevertheless incorporates some powerful features. There is also a trade ticket, which offers market and limit orders on close. The duration of an order can be set to day, GTC, or extended hours. The broker understands the importance of good customer service and provides 24/7 customer support via email, live chat, and over the phone. worldtradex offers a comprehensive selection of trading instruments, catering to a wide range of investment preferences.
- For this reason, the indicator is used to assess the French economy.
- In this broker US review, we will be vetting the truthfulness of these claims, analyze the brokerage products and detail the nature of its services.
- Instrument-specific insights delve deeper, offering granular perspectives on particular trading instruments, amplifying clarity in decision-making.
- Besides, worldtradex is a member of the Securities Investor Protection Corporation (SIPC) and the Investor Compensation Fund (ICF).
- Many brokers don’t offer trading in futures, so the brokerage firm would also be ideal for traders who are interested in commodities or cryptocurrencies.
Our review indicates that traders on the platform can trade up to 90,000 futures and futures options instruments. These are drawn from virtually every market within the finance and securities industry including stocks, indices, currencies, and commodities. Unlike most other trading products listed here, futures and futures options trading are lightly covered in the broker’s educational resources and research reports. worldtradex ensures its traders have a robust set of tools at their disposal. The broker also offers a range of trading platforms, like the renowned MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are famous for their comprehensive charting tools, user-friendly interfaces, and algorithmic and copy trading support.
However, some drawbacks include varying withdrawal fees, a relatively high inactivity fee, and mixed customer reviews on platforms like Trustpilot. Despite these concerns, worldtradex remains a competitive brokerage for traders who prioritize low spreads, direct market access, and a wide selection of tradable assets. The broker’s customer support service starts with a hugely comprehensive FAQ section that tries to answer most of the common platform user queries. Most of the queries on the page touch on the different services offered by the broker, especially the ones that touch on fees, margin trading, and trader platforms. Our review indicates that https://worldtradex.space/ the brokerage and its trading platforms feature a host of market analysis tools to trade.
worldtradex offers a suite of tradable instruments, catering to traders with different all kinds of preferences and methodologies. With its regulatory oversight, worldtradex offers an additional layer of security to its clientele. However, those craving advanced features might yearn for more than what the broker offers. In other words, worldtradex is for the pragmatic trader seeking simplicity and efficiency.