To open an Islamic account, traders must first create and verify a regular account, then request the Islamic option. This broker makes it a must to make sure that their clients are happy and they provide appealing services, an easy E for effort alone. It’s also easy to use and operate, everything works efficiently and effectively. Worldtradex is definitely winning as Broker for Beginning Traders the Education quality and available seminars/ webinars are excellent, yet some similar Brokers also provide a great education.
Worldtradex Risk Statement
- Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go.
- This account is tailored for those who value ultra-tightspreads starting from 0 pips, combined with low-cost, high-speed execution.
- It’s essential to complete the Worldtradex KYC compliance process as soon as possible to avoid any delays in accessing the Worldtradex platform’s features.
- Worldtradex offers mobile versions of both MetaTrader 4 and MetaTrader 5, available for Android and iOS devices.
When considering Worldtradex for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as Worldtradex, is to assess the broker’s regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. We aim to provide you with all the information in this Worldtradex review you need to determine if Worldtradex is the right fit for you. But we don’t stop there – we also offer valuable insights into other great alternatives to Worldtradex, so you can make a more informed decision and compare other brokers against Worldtradex. However, some users have complained about slow and unclear withdrawal processes, occasional platform issues during volatile markets, and confusing bonus terms that might not be easy to use.
The MT5 platform has a slightly greater number of indicators set up as default than MT4. The 80+ indicators can be applied to a charts which can be set to a wide range of time frames and the ‘last market price’ monitor allows clients to see into the heart of the market they are trading. The MetaTrader MT4 platform is the most popular retail trading platform in the world. Millions of traders are drawn to the trading edge offered by being able to apply powerful software tools to their strategies. Moreover, 24/5 multilingual Personal Account Managers ensure smooth client communications and professional support for both demo and real account holders.
Worldtradex requires a minimum deposit of 5 GBP/USD/EUR when opening an Worldtradex trading account. Worldtradex is regulated, governed and supervised by reputable financial regulatory bodies.Regulatory bodies monitor the brokers‘ behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like Worldtradex you should be sure they’re legitimate online agent. Trading online with Worldtradex requires an understanding of what you are doing.
Yes, Worldtradex is a good broker for many types of traders thanks to its flexibility and range of features. Worldtradex specializes in providing CFD (Contract For Difference) trading across various markets such as forex, commodities, indices, and stocks. While Worldtradex provides accessible support through various channels, diversifying communication channels could enhance the overall customer support experience.
CFD Trading on Worldtradex
In need of a fast trading app plus market news data, i looked for brokers and stopped by here. It really works with the ultra low account, OK spreads and good reaction from the customer service team. I think I am going to recommend the broekr to my trading friends to let them save on fees and see market updates without a problem. Worldtradex Fees are ranked average based on our testing and compared to over 500 other brokers. Also additional fees like funding fees, rollover are good, since no funding fees applied, while inactivity and rollover is something typicall all Brokers charge.
Indices
The Tradable’s authors come to spill important insights about markets and businesses onto the readers‘ feed and keep them at the top of the trading game. We raised test queries with the broker using Live Chat, telephone, and email. In all cases, the response times were in line with the market standard, and our issues were resolved in a more than reasonable timeframe.
We like the zero fees that you get on deposits and withdrawals (except for wires below $200). Inactivity charges are low on the monthly rate but kick in after only a short time. By creating an account with Worldtradex, traders join an award-winning broker, with an enviable track record of industry awards, including for forex brokerage services, platforms, and other accolades. The broker also has a solid presence on social media platforms, with profiles on Facebook, Instagram, X, YouTube, LinkedIn, and Tik Tok. Worldtradex offers CFDs on 14 global stock indices, including well-known indices such as the S&P 500, FTSE 100, NASDAQ 100, and DAX scammed by Worldtradex 30. While these indices cover all the major markets, the selection is somewhat limited compared to other brokers that typically offer between 15 to 20 indices.
There is a news tab, a research tab which encompasses all of the exam bespoke, in-house research. Furthermore, there are trade idea and technical summary sections, alongside the economic calendar. The most impressive feature offered by Worldtradex is its extensive educational material, alongside a very notable research offering.
Client funds are held in segregated accounts at top-tier financial institutions, ensuring they remain separate from the company’s operational capital. This structure provides an added layer of protection and reinforces the broker’s commitment to safeguarding trader assets. Worldtradex offers a reliable customer support system with a variety of communication channels, designed to assist traders efficiently throughout the trading week.
That is a healthy number and means even the most discerning trader will be likely to find the market they want to trade. As a forex trader, this means you can open new positions from as little as $1000 or 0.01 standard lots for non-leveraged trading. Being a CFD broker, Worldtradex also earns from overnight fees charged on positions that are held open overnight. Furthermore, Worldtradex profits from clients’ losing trades when it operates as a https://worldtradex.space/ B-book broker, essentially taking the opposite side of the trade. Another alternative is the Worldtradex Zero account, which charges raw spreads from 0 pips and a fixed commission of $7/lot round-turn, which is in line with the industry if compared to other raw accounts.
- Therefore, before trading, verify the Worldtradex trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.
- Worldtradex provides access to over 1,200 financial instruments, including forex pairs, stocks, commodities, and cryptocurrencies, with trading available on the widely used MetaTrader 4 and MetaTrader 5 platforms.
- The head office serves as the hub for Worldtradex’s global operations, overseeing the broker’s activities in multiple jurisdictions and ensuring compliance with regulatory requirements.
- No re-requotes and no hidden fees or commissions policy, as well Negative balance protection definitely a plus.
- Worldtradex’s customer support agents were very helpful and provided relevant and immediate responses.
The availability of accounts like the Worldtradex Zero Account, with raw spreads starting from 0 pips is particularly advantageous for this trading technique. However, it’s important to note that there’s a volume-based commission of $7/lot round turn on this account, which is in line with the industry average. Worldtradex is a well-rounded broker suitable for traders of varying experience levels. Its competitive features, regulatory compliance, and commitment to user satisfaction make it a viable choice for those looking to explore the world of trading. As always, potential traders should conduct thorough research before making their final decision. Depositing and withdrawing funds with Worldtradex is a convenient and secure process.
An economic calendar also helps to keep you informed about upcoming events that can cause market volatility. However, the broker does provide a proprietary mobile app, which is available for Android and iOS devices. If you’re seeking a broker without inactivity fees, Vantage might be a suitable alternative.
Review Methodology
The Worldtradex ultra low account is an account type that features spread mark-up starting from 0,6 pips (40% cheaper than the industry standard of 1 pip). The Worldtradex Demo account is a trading account designed to allow traders to try Worldtradex without risk with virtual money. Worldtradex provides CFD trading, which allows traders to speculate on the price movements of these assets without actually owning them. In all my time being a trader, this is the one broker that I can vouch for that doesn’t manipulate its charts and is honest with its operations.
Worldtradex Education and Research
Worldtradex’s use of MT4 and MT5 platforms ensures traders haveaccess to advanced tools, while its educational resources and market researchprovide valuable support in making informed trading decisions. The Standard Account is designed to suittraders of all experience levels, offering both standard lot sizes (100,000units) and a Micro Account option. The Micro option allows trading inmicro-lots (1,000 units of the base currency), creating a low-risk environmentideal for beginners or for testing new strategies. Whether you prefer cautioustrading with smaller volumes or larger trades for greater returns, this accountadapts to your needs with competitive spreads, and access to a wide range oftrading instruments. Additionally, the account includes an Islamic option,providing swap-free trading in compliance with Sharia law. Traders using theStandard Account are eligible for the Worldtradex Bonus scheme, with a minimum depositof just $5.
If after reading this Worldtradex review, Worldtradex does not fulfill your needs check out these Worldtradex Alternatives.
Well, actually I didn’t even question the fact that payments would be hassle-free here. Speaking of tools and instruments, then there is a surplus of them, definitely not a shortage. It’s noticeable that providing excessive number of tools is their priority.
In line with anti-money laundering regulations, traders must use the same withdrawal method as the one used for depositing. There is also a withdrawal priority procedure if you have funded the account by different methods. If you have deposited via a credit/debit card, then the withdrawal back onto the same card, can cover the deposit amount. Anything above this amount should be transferred via bank wire or e-wallet. Specific terms and conditions apply to these incentives, with clients being able to opt out of the bonus scheme whenever they wish.
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