Great service, smooth trading experience with no problems. It’s a good broker for intraday trading because trading conditions allow to earn on every move. I can picture my collaboration with the broker is mostly positive for me. There were some hitches in my trading here but I attribute it to my lack of experience and the fact that for the last time I was impressed by economic news. The broker uses a price aggregator to ensure that counterparty orders use the best bid and ask prices currently available. The multiple industry awards are also a reassuring sign for us.

Tradable Instruments

The benefit is that with this broker it’s possible to save on each trade and it’s true for both long-term trading and scalping. If you are a scalper you will benefit from tight spreads and appreciate the absence of commission. You know that commission can be especially biting when you face an unhappy day in scalping and therefore commission bites off a great deal of your already miserable daily gain. Of course, it’s a very disappointing thing, although it stimulates to scalp better. Nevertheless, any scalper would choose trading without commission and worldtradex gives such an opportunity.

worldtradex provides its clients with Virtual Private Server (VPS) hosting for low-latency automated trading. VPS is a tool that facilitates average execution speeds of under 3 milliseconds, which is ideal for precise order execution. The broker outperforms the broader industry in almost every aspect except for trading cryptocurrencies. The broker does not charge a handling fee for deposits – only for withdrawals. Furthermore, it covers any banking fees that may be applied by the payment processor.

• 9 Jul 2024LuisMworldtradex offers an ECN/STP (Electronic Communication Network/Straight Through Processing) trading model, which means there is no dealing desk intervention.
• They have managed to strike a fine balance between offering advantageous trading terms and maintaining a high standard of service.
• For more detailed information, you can visit the worldtradex website.
• Every record of my payments, duly signed by worldtradex, promptly arrives in my email.
• I think it is great how the broker supports Muslim traders by giving them the option of a swap-free account which complies with Sharia law.

Or I can risk the same, but now I am risking much less of my own funds👍👌What’s great here is education as well, actually a lot of it, and you can see how comprehensive it is! I have improved a lot, and I can give credit to high quality. However, traders seeking stocks or deep education and market research will need to look elsewhere. Also, the offshore regulation for non-EU traders and expensive withdrawal fees are notable drawbacks. On the downside, worldtradex supports accounts in just a few currencies (USD, EUR, GBP), with USD only for wire transfers. As a comparison, Fusion Markets offers 10 deposit currencies, which can help prevent the need for often costly conversions.

How Does CySEC Regulation Affect worldtradex’s Overall Reliability Of Services?

Our worldtradex review discovered that ECN Standard accounts’ minimum deposit was $100, which ECN XL and ECN Advanced were $10,000 and $100,000 respectively. worldtradex is a forex and CFD broker that offers very low trading fees and achieves fast order execution speeds. Due to its hybrid ECN/STP model, worldtradex has access to deep liquidity, making it a good choice for high-precision trading.

Is worldtradex a good broker?

A zero minimum depo means that you can deposit a very small amount such as ten bucks and try to trade 0,01 lots. You will not earn a lot in this case, but it will be much better than demo trading. I advise you to deposit at least $500 and trade 0,1 lots.

• I think the client dashboard and website could do with an overhaul though – they are pretty dated.
• I know that not all brokers provide such opportunities and therefore I appreciate what I have.
• A deal that should have been closed with a profit was closed with a loss.
• Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.

How To Make A Deposit

It is the feature of honesty in terms of pricing and execution that makes the customers interested and votes with plentiful positive reviews and ratings. There is an FAQ section that answers some of the common questions that you may have. I think there is enough to improve your trading if you are a complete novice. There is a nice selection of forex eBooks, providing guidance and understanding of the key trading concepts.

Standout Features for Traders

Review of their terms and conditions, however, shows that there https://worldtradex.pro/ are regional and other eligibility restrictions. For instance, anyone registering from a CySEC regulated region is not able to accept a bonus. Notably, worldtradex has set its margin calls at 100% and stop-out levels at 50%. Traders will only receive a notification to deposit additional funds or close out their losing trades after their free margin is depleted.

22 Dec 2021Jonah AhonenIt is hard to be a Canadian trader because of the fact that there are not so many brokers which are available in this country. Those which work in Canada offer trading conditions which are not really appropriate, to put it mildly. I was astonished when I saw the trading conditions which worldtradex offers to the traders and the fact that it works in Canada. 25 Apr 2022KiffihFor me its universal trading platform that will be flexible for all traders.

I dont have any problem with opening and closing, but I`ve read reviews on worldtradex that says that execution is almost incomparable, in general I`m not as impressed as I expected. 23 Feb 2022Hudson WongThis may not be new information, but you can get up to $2,000 in bonuses here. But I heard from the management at the firm where I work, they are going to open Corporate Forex Trading Accounts, there is such an opportunity here.

Services work without errors, so I never had any problems. 27 Dec 2022Theo KellyVery informative website of worldtradex and very transparent as far as I can see. Trading with brokers is realy pleasure, no complaint at all. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.

In fact, I have no idea at all what does it mean, just in general, and I don’t think that it obviously affects trading activity. Nevertheless, if the company highlights this feature as their unique solution for clients, then, maybe, it’s like that. I tend to trust the company as it seems to me credible. As for my experience in trading here, then I can admit the fact that this activity may be profitable with this company.

It also achieves average execution speeds below 60 milliseconds, which lessens the risk of negative slippage, and offers free VPS hosting for low-latency trading. However, it does not guarantee the segregation of client funds. worldtradex uses state-of-the-art Secure Sockets Layer (SSL) network security protocol to keep client private information safe.

Additionally, it offers no alternative to MetaTrader 4. The broker also has a broad glossary on its website, where traders can read about hundreds of trading concepts. Each description is quite detailed and highly informative.

The CySEC has further reinforced investor safety through the Investor Compensation Fund that provides a guarantee of up to €20,000 if a broker winds up its business without warning. worldtradex is registered as Worldtradex reviews a Cypriot Investment Firm (CIF) under the brand name, Forex Central Clearing Ltd., which holds at least €1 million in tangible assets. worldtradex also connects its traders through EQUINIX servers, which are considered to be among the most reliable and secure third-party systems in the Forex markets.