These checks are a standard practice that helps worldtradex maintain a trustworthy financial environment for its https://lunarcapital.live/ 10,000,000 users. Detailed information on the worldtradex trading platforms is available on their website. MT5 on worldtradex provides the convenience of using automated trading systems and copy trading, giving worldtradex traders competitive research tools in the financial markets.
This account offers you the opportunity to directly invest in some of the leading stocks around the world. However, there are some conditions that should be kept in mind by traders. First, there is only one base currency option for this type of account – USD. The contract size is 1 share, and there is no leverage available for share account holders.
Trading Platforms & Tools
worldtradex Group is a trustworthy broker, though it is not publicly traded. It is authorized by major regulatory bodies including ASIC, MiFID, and the FCA in the UK. The trust score of 88, as rated by ForexBrokers.com, indicates a “Trusted” broker. Not directly, but you can integrate third-party copy trading tools with MT4/MT5. If you’re a scalper or high-frequency trader needing ECN conditions, you might want to look at alternatives. Deposits are quick, and withdrawals are typically processed within 24 hours.
worldtradex is unable to accept clients from the United States of America, Canada, Israel and Iran. worldtradex are regulated by several top-tier authorities across its various regions, including CySEC (120/10), FCSA (49976) and DFSA (F003484). They provide free access to daily Forex webinars in 23 languages, available 7 days a week with 77 webinar instructors. They also have worldtradex web trader which allows you to trade through your web browser without the need to download any software. 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.
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- When we checked on the worldtradex website, these educational resources were not available in every language.
- You can sign up for a demo account to acquaint yourself with worldtradex platform.
- worldtradex is a forex and CFDs broker with a platform for trading foreign exchange currency pairs, metals CFDs, energies CFDs, indices CFDs, crypto CFDs, stocks CFDs, commodities CFDs, and shares.
- Additionally, worldtradex ensures that its Islamic accounts do not charge extra fees as a substitute for swap fees.
- This reflects worldtradex’s strong commitment to inclusivity, extending beyond customer service into trader education and development.
You should carefully consider your investment objectives, experience level, and risk tolerance before deciding to trade any financial instruments.. To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. 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.
worldtradex are a multi regulated broker in various jurisdictions such as Cyprus, Belize, Dubai and South Africa. This includes soft and hard commodities such as cocoa, coffee, copper, and many others. Among the indices available on worldtradex are AUS200Cash, SWI20Cash, US500Cash, and many others. When choosing a broker to trade with, one of the important factors to keep in mind is the safety and security of the broker. There are several things that can define the safety and security of the broker you choose to use. Explore some of our must-have products that keep everyone trading with us time and again.
Expert Reviewer Verdict
It’s essential to remember that the payment methods provided by worldtradex vary based on the worldtradex entity and the worldtradex client’s country of residence. To view the worldtradex payment options available, you can log into your worldtradex member’s area. Whatever you are looking to trade, the varying worldtradex account types will be able to provide you with what you need. However, if you’re looking for a broker that does offer cTrader, you can explore other options available through the provided link. If you want to trade currency pairs on global Forex markets, worldtradex offer over 55 currency pairs. A minimum deposit is the minimum amount of money required by worldtradex to open a new online brokerage account with them.
worldtradex Trading Accounts Offered
This feature ensures that traders will not lose more money than they have deposited. worldtradex specializes in providing CFD (Contract For Difference) trading across various markets such as forex, commodities, indices, and stocks. I guess worldtradex support is an award-winning one cos if not they really deserve it. I threw every possible question at them and props to Sophia for responding very patiently. I always do that to test the broker as I noticed that all the questionable brokers have one thing in common – a really bad support team.
The bonuses are purely for trading purposes and cannot be withdrawn. He is a forex industry expert and an active fintech and crypto researcher. My only criticism is that there needs to be a localized direct telephone line or a call-back feature, a service offered by ActivTrades. Watch my video walk through of the worldtradex app below to see how it looks and feels, as well as how to place a trade. We reached out through both the chat service and WhatsApp multiple times, and each time received responses within a minute.
It’s important for worldtradex traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks. By doing so, traders can trade with peace of mind, knowing that worldtradex losses are limited to the funds available in your worldtradex account when negative balance protection is in place. Negative balance protection is important for traders using leverage on platforms like worldtradex. In an unfavourable market move, leverage can result in a loss that exceeds the trader’s account balance, leaving them with a negative account balance. If a worldtradex trading position does not go in your favour, this is where negative balance protection comes in handy. Trading CFD trades on the worldtradex platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling.
The customer support of worldtradex is fair, as their live chat is responsive during working hours and the email and phone are also active, although the email support is slow. Step 2) Fill out your name, email, and phone number on the form that appears. Select your country of residence, preferred trading platform and account type, check the box below ‘Confirmation’ to receive newsletters then click the ‘PROCEED TO STEP 2’ button. The shares account charges a minimum commission of USD 5 per trade. If you want an Islamic account, first open a Standard, Ultra Low Account or Shares Account, then contact customer support to convert your account to the swap-free status.
Has worldtradex won any industry awards?
FOREX.com is authorised and regulated by the Financial Conduct Authority (FCA) in the UK. The platform is designed for informed traders who understand the risks of leveraged trading. Experience a platform trusted by thousands of traders — fast execution, user-friendly tools, and full regulatory backing. The holder solely does account funding; third-party payments are not accepted. For electronic payment systems, the minimum deposit amount is 5 US dollars. worldtradex’s VPS service is an excellent addition to the broker’s trading capabilities, ensuring high-speed execution of transactions and trading reliability.
- Both cash and futures contracts are available, allowing traders to select expiry dates and pricing models that suit intraday or medium-term strategies.
- MT5 was launched in 2010 and came with advanced charting tools, additional timeframes, and an updated version of MetaTrader 4.
- worldtradex Group is a trustworthy broker, though it is not publicly traded.
If you are a retail trader in search of a broker that focuses on stocks and forex, then worldtradex should certainly be worth your consideration. With negative balance protection, excellent research and educational content, and responsive customer support, worldtradex stands out as a strong choice for beginner traders. This article will review the worldtradex firm and explore its pros and cons to help you determine whether it’s worth trading with the broker. Specifically, we will explain the various trading platforms and account types provided by the broker.