The WebTrader provides all the essential features of the desktop version, including advanced charting tools, automated trading options, and fast order execution. It’s compatible with most web browsers and operating systems, offering a convenient and seamless trading experience for those who prefer trading from different devices or locations. worldtradex also provides a wealth of educational resources for traders of all levels, from beginners to advanced. The broker offers webinars, podcasts, and various video-on-demand services to help traders better understand the financial markets and improve their trading skills. worldtradex recognizes the importance of equipping traders with the knowledge and tools necessary to succeed in the financial markets.
- I consider the Standard account as the most accessible option due to its minimum deposit requirement of $100 (when there are no accompanying bonuses).
- Any rates, terms, products and services on third-party websites are subject to change without notice.
- You can set up a demo account for yourself alongside your live CFD account.
- Assistance is available in a wide range of languages, including English, French, Spanish, Chinese, and Arabic, during business hours, Monday to Friday.
How long does it take to withdraw money from a worldtradex account?
The broker emphasizes efficiency and transparency, ensuring that clients can fund their accounts and access their funds with minimal hassle. For traders who prefer tighter spreads, worldtradex offers raw spread accounts with spreads. These accounts charge a commission per trade, typically ranging from $3 to $7 per lot, depending on the account type and the asset being traded. This structure benefits high-frequency traders and those using strategies that require minimal spreads, such as scalping.
The availability of more than one perspective is advantageous to the trader, who can compare the different vantage points. There is also a lack of a news screener, which traders usually use to stay on top of the latest market developments. The broker operates on a Straight-Through-Processing (STP) basis without a dealing desk. Order requests are transmitted to the interbank level, where worldtradex’s liquidity providers fill them.
It’s worth noting that it is not explicitly mentioned whether worldtradex offers a rebate program, so it’s advisable for interested traders to contact customer support for specific details on any such programs. Yes, worldtradex offers negative balance protection, ensuring that clients do not lose more than their account balance in volatile market conditions. worldtradex offers a wide range of payment methods for deposits and withdrawals, including credit/debit cards, bank wire transfers, and e-wallets. I appreciated Worldtradex courses scam worldtradex for developing the bulk of its research materials in-house.
Response Time
In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. We provide broker reviews and ratings to help users find a suitable broker according to their own needs. However, you must do your own due diligence and make your own decisions when choosing a broker.
Accounts Comparison
Deposits are free and instant, but clients might need to pay third-party charges depending on their payment method. Depending on the payment method, deposit times can take up to 24 hours, and for bank wires deposits may take up to 5 business days. Withdrawal times vary depending on the payment provider but range from the same day up to 10 business days. The broker provides over 300 trading instruments across most major asset classes, offers diverse trading accounts, and incorporates the popular MetaTrader 4 platform. I consider the Standard account as the most accessible option due to its minimum deposit requirement of $100 (when there are no accompanying bonuses).
Comprehensive Analysis:
- It could be argued that MetaTrader set the standard for how retail platforms should be organized.
- MarketBulls does not offer financial advice, and all content is for informational purposes only.
- While no trading platform is entirely risk-free, worldtradex’s commitment to regulation, transparency, and client protection contributes to its reputation as a safe and reliable choice for traders.
The combination of low spreads and reasonable commissions ensures that traders can manage their costs effectively while taking advantage of market opportunities. One of the major advantages of worldtradex is that it does not charge any fees for deposits. This means you can fund your trading account without incurring any additional costs, regardless of the deposit method you choose. worldtradex supports a variety of deposit options, including credit/debit cards, bank wire transfers, and popular e-wallets like Skrill and Neteller. This no-fee deposit policy is particularly beneficial for traders who make frequent deposits, ensuring that the full amount of your funds is available for trading.
I performed my tests on a Standard worldtradex trading account using the desktop and mobile app versions of the MetaTrader 4 platform. Some features and services may vary depending on where you reside and which entity you open an account with. Yes, worldtradex is suitable for beginner traders, offering user-friendly platforms, educational resources, and a demo account to help new traders learn and practice. Yes, worldtradex offers a demo account with virtual funds, allowing traders to practice trading strategies without risking real money. worldtradex offers several account types, including Standard, Premium, ECN, and Islamic (swap-free) accounts. The broker implements advanced security measures, including encryption technology and segregated client funds, to protect traders’ assets and personal information.
In addition, worldtradex charges swap fees if the positions remain open overnight. My overall impression of worldtradex is that its offering is sufficient for the needs of beginners but may fall short for seasoned traders. It is regulated locally by the Financial Services Authority (FSA) of Seychelles and adheres to some of the main safety requirements in the trading industry. I did not find any specific feature in worldtradex’s offering to say that the broker is better suited for high-frequency or longer-term trading. The easiest way to get in touch with worldtradex is live chat, which is available from the bottom-right corner of the main page. The website also has a dedicated FAQ section intended to help with more general queries about the broker’s services.
Yes, worldtradex is available in Europe, but availability may vary depending on the specific country. Clients are encouraged to check with the broker directly for regional restrictions. No, worldtradex does not accept clients from the United States due to regulatory restrictions. worldtradex has a single subsidiary – Tradeco Limited – which is authorized in Seychelles by the local regulatory body. According to our system, the FSA Seychelles is a Tier-3 offshore regulator, which mandates compliance with some of the essential safety mechanisms.
worldtradex generally does not charge withdrawal fees, allowing traders to access their funds without penalty. Withdrawal requests are typically processed within 24 to 48 hours, with the actual time to receive funds varying based on the payment method. The absence of broker-imposed withdrawal fees adds to the overall cost-efficiency of trading with worldtradex. The customer support team at worldtradex is available 24/5, offering multilingual support.
We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation. worldtradex has invested time and energy in developing research materials, which I found quite diverse and unconventional. Its podcast and LiveTV feature are two excellent examples of this, giving traders a unique perspective on currently evolving trading opportunities and market developments. We do not provide investment advice or solicitation of any kind to buy or sell any investment products.
The user-friendly interface of MT4 makes it easy for traders to execute trades quickly and monitor the markets with ease. With a minimum deposit of $350 and base currencies in EUR, USD, or GBP, forex traders and other traders can access worldtradex’s services through their MT4 platform, WebTrader, and mobile platforms. Additionally, they offer a free demo account to practice on their platforms. The competitiveness of worldtradex’s fees depends on the asset classes traded. For instance, I found the combination of commission-free trading and generally low spreads on share CFDs extremely favorable.
It’s the platform of choice for those who require in-depth analysis and sophisticated trading strategies. With its commitment to delivering state-of-the-art trading software and a seamless CFD-based trading experience, worldtradex caters to the needs of both beginners and seasoned professionals. worldtradex’s comprehensive client support system is designed to provide traders with the assistance and information required for a successful trading experience. worldtradex’s commitment to providing a wealth of educational resources and market analysis research is evident. These tools empower traders with the knowledge and insights necessary to navigate the complexities of the financial markets. Whether traders are seeking to improve their trading skills, stay updated on market events, or expand their trading strategies, worldtradex offers a comprehensive suite of resources to meet their needs.
MetaTrader 4 has many essential features, such as one-click trading, an alarm setting option, and a depth of markets tool. Because of its simplistic and straightforward design, I would say that MT4 is a good stepping stone for beginner traders wishing to learn essential charting skills on a platform with an easy learning curve. They are thus suitable for the execution of longer-term trading strategies, such as day and position trading. worldtradex’s deposit and withdrawal options align with the offerings of many other brokers in the industry. Credit/debit cards, e-wallets, and bank transfers are common choices among brokers. It’s essential to note that the same payment method used for deposits must also be used for withdrawals.