worldtradex has 3 types of commission-free account types, including a micro-lot trading account, making the broker a good choice for beginners. All accounts promise no requotes or rejections, fast execution and unlimited access to MT4 and MT5 including expert advisors. worldtradex boasts competitive fees with low spreads and no maintenance or deposit/withdrawal charges. The broker’s transparent fees and varied account types offer flexibility to orders. While industry-standard fees include overnight funding and currency conversion, the inactivity fee may concern less active traders. Overall, worldtradex’s user-friendly fee structure and competitive spreads make it attractive to traders.

In addition, the broker protects negative balance, ensuring that traders cannot spend more than they have invested. Both brokers offer nearly identical trading fees with volume-based rebates for active traders. Therefore, I rank Pepperstone and worldtradex on par for typical spreads and fees. During my Pepperstone review, traders received 1,350+ assets versus 1,000+ at worldtradex, but both brokers offered Forex and cryptocurrency trading. worldtradex offers instant, or same-day, withdrawals with no fees for verified and connected accounts. Withdrawals via bank wire, credit, or debit card usually take 2-5 business days.

• While industry-standard fees include overnight funding and currency conversion, the inactivity fee may concern less active traders.
• It has four tiers—Executive, Gold, Diamond, and Elite—with higher tiers offering more points per trade.
• The world of online trading has seen a surge in popularity, with a plethora of mobile apps offering a variety of features and functionalities.
• In cases of slippage leading to a negative balance, worldtradex resets the account to $0, preventing debt accumulation.
• The Ultra Low account offers the most favorable conditions with low spreads and no swaps on many currency pairs.
• Copy trading at worldtradex provides a unique opportunity for even novice traders to trade like professionals.

Every Trader Can Succeed With worldtradex

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. The addition of personal account managers for each client further enhances the personalised trading experience. worldtradex is well-regarded for offering competitive spreads to traders in the UK and Europe.

Customer Service

• Read our full explanation and accounting of our research and testing process to learn more about how we test.
• worldtradex’s mobile trading apps, available for both MetaTrader 4 and MetaTrader 5, offer full functionality, mirroring the capabilities of the desktop and WebTrader platforms.
• This design provides a seamless and consistent trading experience across different devices, allowing traders to manage their activities efficiently while on the move.
• It also does not have any investor protection scheme for non-UK/EU traders.
• It is through this simple interface and transparent approach that easyMarkets offers a great mobile experience.

This regulatory framework ensures compliance with various standards, although local restrictions may apply to residents in specific countries. Reduce your costs with low spreads and even lower swap fees and commissions. Though worldtradex is a highly trusted and regulated forex and CFD broker, it has its strengths and weaknesses. In this review, we will take an in-depth look at worldtradex, exploring its features, pros, cons, and more. By reading this review, you will gain a better understanding of whether worldtradex is the right broker for your trading needs and preferences.

worldtradex Islamic accounts stand out remarkably from most other forex brokers’ standard offerings. The key difference is that, unlike most forex companies that charge additional fees by widening the spread on Islamic accounts, worldtradex does not impose any extra charges. worldtradex offers Islamic swap-free accounts, featuring no swap or rollover interest, unchanged spreads, no upfront commissions and traders can hold positions indefinitely. In contrast to some other brokers that charge an admin fee after a certain time period. To open an Islamic account, traders must first create and verify a regular account, then request the Islamic Worldtradex cheating option. worldtradex is a well-rounded broker suitable for traders of varying experience levels.

Web Trading Apps

worldtradex broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, worldtradex is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing. With over 1500 trading instruments, extensive educational resources, and a variety of trading platforms, this broker is suitable for both novice and experienced traders. Founded in 2009, worldtradex has established itself as a global broker offering a comprehensive range of trading services in forex and CFDs.

worldtradex Zero Account holders pay a commission fee of $3.50 per standard lot, per $100,000 traded ($7 round-turn). While this commission fee is competitive for USD base accounts, there aren’t options for AUD, EUR or GBP accounts. This can lead to conversion costs and generally, local currency accounts (eg AUD) have lower commission rates. We compared the 38 brokers across the 9 most traded currency pairs and found worldtradex has more expensive average spreads for 5 of them. The overall average was also the highest of all the brokers we compared primarily due to USD/SGD rate which I verified twice as it was so high. There is a minimum deposit of $5 USD (or equivalent) across the various account types and $10,000 USD (only) deposit for the Shares accounts.

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This innovative approach allows copying the trades of experienced traders directly on your account. Client accounts are segregated, meaning client funds do not participate in operational transactions and are kept separate from the broker’s money. All investments are insured by the Investor Compensation Fund, which implies reimbursement of up to 20,000 euros.

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Pepperstone has a commission-free and a commission-based account, but the core trading fees are identical. While worldtradex does allow scalping, since most accounts are commission free, their spreads will be wider compared to a RAW account. For this reason, there are better brokers to consider but if you wish to scalp trade with worldtradex, your best account would be worldtradex Ultra Low Account. Yes, worldtradex charges a monthly inactivity fee of $5 for accounts that have been inactive for 90 days, which is a shorter period compared to the 6-12 months typically observed with many other brokers. worldtradex also provides a diverse suite of market research and analysis tools to keep traders informed and ahead in the financial markets. While many of the best brokers charge traders a commission fee for stock CFD trading, worldtradex provides commission-free commodity and share trading.

While worldtradex provides accessible support through various channels, diversifying communication channels could enhance the overall customer support experience. worldtradex may charge an inactivity fee if your trading account remains dormant for a specified period (more than 90 days). This fee encourages active trading and helps cover administrative expenses. Traders can have confidence knowing that their investments are protected and that they are trading with a broker that operates under the supervision of respected regulatory bodies.

worldtradex is regulated ASIC in Australia, CySEC in Cyprus and IFSC in Belize so if you are in the UK, you might be better off considering a different broker. 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. These issues seem to affect certain regions more, especially in Africa and parts of Asia, where local banking systems, internet issues, and regulations might make things harder. We built the website to assist forex traders in finding the right forex brokers to trade with ease.

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch. The list of the best forex trading apps in South Africa may help narrow down the choices. The micro and standard accounts attract high spreads compared to the other brokers I trade with.

worldtradex Customer Service and Support

EasyMarkets Forex trading app provides a very intuitive interface suitable for traders of every level. Even though it aims to provide a smooth trading platform, one should look at its fees and regulatory compliance level. With worldtradex, you can trade via mobile using their integration to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), enabling clients to trade 1000 instruments through one login. You can trade Forex and CFDs on shares, futures, indices, metals, and energies.

Withdrawal requests are declared to be processed instantly by their Artificial Intelligence Back Office System, based on algorithmic parameters. worldtradex unfortunately cannot accept clients from the residents of certain countries, such as the United States of America, Canada, Israel and Iran. worldtradex Global also provides direct share trading in addition to the previously mentioned assets. worldtradex offers Forex, Stock CFDs, Turbo Stocks, Commodities, Indices (Equity and Currency), Energies (Cash and Futures CFDs), Precious Metals (Spot and Futures CFDs), Thematic Indices and Crypto CFDs. This approach ensures that readers get a clear picture of worldtradex’s strengths while being aware of potential limitations depending on their region. When it comes to trust and security, worldtradex has taken significant steps to establish itself as a regulated and secure broker.

Yes, worldtradex is considered good for beginners due to its extensive educational resources, user-friendly platforms, and wide range of trading tools. Some users rate the service quality highly, noting quick withdrawals and low spreads. However, others report issues logging into the system, lack of support, and generic responses to inquiries.

The layout is straightforward, making it easy for beginners and experienced traders to find their way around. There is a good range of trading instruments, including forex and CFDs, and plenty of educational materials like webinars and tutorials to help you learn. worldtradex is regulated, which adds to its credibility, and their 24/7 multilingual support means you can get help whenever you need it, which is a big plus. worldtradex is a multiple award-winning broker that allows its clients to trade forex, CFDs, and real stocks on its MetaTrader platforms. Founded in 2009, worldtradex has over 1000 trading instruments and multiple account types which are designed for newbies, and experienced and professional traders. Trading tools are also provided to assist the traders with market analyses.