Yes, based on your detected country of UA, you can open an account with this broker. — Working in a multinational environment on one product gives you valuable experience of collaborating with different cultures united by a common goal. — We actively track market trends and employ modern management and business approaches, ensuring ongoing growth and development for both the company and its employees. I’ve been experiencing it for more than a year and 3 months and it’s incredible…I like it a lot and I’ve already tried all the brokers and this is the one Worldtradex official site I like the most of all. But before you do that, let’s look at some of the basic charges you can expect when trading with this broker.

worldtradex offers one commission-free trading account, but trading costs are higher there than in its commission-based alternative. Active traders get rebates, lowering subscription fees or eliminating them. worldtradex offers traders a competitive commission-based cost structure, quality trading tools, deep liquidity, and fast order execution. Therefore, worldtradex ranks among the leading brokers industry wide. worldtradex is a trustworthy and reliable broker, best suited for pure Forex traders who seek a competitive commission-based trading environment from an upgraded MT4 trading platform. The online account opening process remains straightforward, but worldtradex collects more data than some other brokers.

  • If you are not sure, feel free to check out our other reviews on the top forex brokers in the world and gain the best insight to make the best choices.
  • Notably, 5+ cryptos are also available to trade on the broker as CFDs.
  • The Islamic accounts are available on both MT4 and MT5 trading platforms but not available on the Iress platform.
  • The Australian Securities and Investment Commission regulates worldtradex activities in Australia, and the Cyprus Securities and Exchange Commission, in other locations.

The outstanding education and learning material are provided by the broker. Overall, the fast execution and tight spreads make it superior to its competitors. Autochartist is a trading tool on both MT4 and MT5 platforms that use charts to make traders understand trading opportunities. The forex, metals, commodities, indices, and crypto markets are available on this fully customizable technical analysis tool. The future performance of beginners can be improved through complex chart patterns. Daily market reports are published in more than 24 languages in the financial markets.

Spread

worldtradex clients from European Economic Area (EEA) countries are provided with investor protection of up to €20,000 through CySEC. In addition, worldtradex offer both MAM (Multi-Account Manager) and PAMM (Percentage Allocation Management Module) accounts. worldtradex may require additional documentation or verification steps before processing a withdrawal. The withdrawal amount will need to be the same amount as your deposit and via the same withdrawal method. Once deposits have been withdrawn, you can use an alternative method to withdraw profits.

worldtradex trading platforms

  • Yes, worldtradex offers a free demo account, also known as paper trading, with no minimum deposit, allowing traders to practice trading in a risk-free environment.
  • From the Traders Hub page, you can read the technical analysis and fundamental analysis given by experts.
  • This means that client money is never used to meet company expenses.
  • VPS hosting is available, but minimum requirements exist to receive it free of charge.

It has its headquarters in Sydney, Australia, and is regulated by the Australia Securities and Investments Commission (ASIC) and Cyprus Securities and Exchange Commission (CySEC). This multi-regulated broker offers online trading services across various financial markets through a single account. worldtradex’ trading instruments, totaling 10,300+, include 60+ forex pairs, 10,000+ stocks CFDs, 19+ indices, 16+ commodities, 290+ ETFs and 2+ bonds. Notably, 5+ cryptos are also available to trade on the broker as CFDs. worldtradex offers all traders the MT4/MT5 and cTrader trading platforms and select clients may qualify for the Iress trading platform, restricted by geographical location.

Clients on the worldtradex Standard Account, on the other hand, will have a higher spread but won’t have to pay commission. We are doing it this way because we can include commissions, spreads, and financing costs. worldtradex adheres to stringent capital requirements to ensure that they can meet client payouts and ensure that risk management, financial reports, staff, and external audits, are all done.

With these basic details, you will know which one of these account types provided, is most suited to you. The best thing to consider is the style of trading, strategy, amount of money you are willing to risk, and your level of expertise. We went straight to the source for our worldtradex review and checked out the available withdrawal options provided by the broker.

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The $6.00 commission for Forex traders per 1.0 standard lots remains among the best industry wide. Here you can find what Forex Peace Army users think about worldtradex. Visit the FPA page to see more user experiences with this broker. This comprehensive offering makes worldtradex a versatile platform for both individual and wholesale traders.

worldtradex cannot accept clients from certain countries such as the United States of America, Japan, North Korea, Iran, Iraq, Belgium and some regions in Canada. worldtradex may charge overnight funding fees, which vary depending on the position held. Select one or more of these brokers to compare against worldtradex. Read our full explanation and accounting of our research and testing process to learn more about how we test.

worldtradex offers 5+ cryptocurrencies inclusive of Bitcoin, Ethereum, Bitcoin Cash, XRP (Ripple), and Litecoin against US dollars and Australian dollars. Trading crypto eliminates the need to store the underlying asset and hence does not require a wallet. Moreover, the educational material featured on its website is made up of informative lectures and resources for both new and expert traders to polish their skills and attain trading knowledge. Customer support by worldtradex is available in multiple languages with 24/5 live support. 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.

However, this protection is not universally available and applies only to certain clients based on their jurisdiction. worldtradex offer a number of platforms including MetaTrader 4 and 5, TradingView, cTrader and WebTrader which are all known for their reliability and advanced trading features. More than 10,000 stock CFDs are available to FP Market clients based in Australia.

Rollover Rate/Swap Fees

Streaming news service is available as one of the twelve plug-ins for MT4, offering traders a valuable service embedded with the trading platform. New traders can benefit from educational resources, including webinars and videos. worldtradex also offers an Academy for traders, providing trading courses, live webinars, podcasts, trading guides, and more. Overall, the research & education at worldtradex are of high quality and add value to the core trading environment.

They not only praised the tight spreads it offers but also the trading platforms it provides. The platforms are frequently updated and the users are happy about it. The mobile trading app offers 60+ currency pairs including major currencies like EUR, GBP, USD, and AUD. It also offers a CFD trading platform and access to global exchanges like NYSE and FTSE. The traders can also choose cryptocurrencies like Bitcoin, Ethereum, Ripple, and Litecoin.

From a customer support perspective, worldtradex delivers across the board. The multilingual customer support is available in 34 languages, 24/7. Clients may reach out via e-mail, live chat, phone, or the call-back option. A quality FAQ section answers many questions, and most traders may require additional assistance only during emergencies. Here is a screenshot of a live worldtradex MT4 trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. No, worldtradex is ASIC-regulated in Australia but does not have NFA/CFTC approval and is not configured to accept US persons as clients.

DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.