This average customer rating is based on 27 worldtradex customer reviews submitted by our visitors. worldtradex does slightly better with its educational content, which includes some basic e-books, articles, and a glossary of key terms. Similarly, the ‘Market Analysis’ section had a focus on just three currency pairs during testing which is not wide enough in my opinion.

Consult relevant financial professionals in your country of residence to get https://worldtradex.blog/ personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. Execution is faster than the speed of falling comets during shooting stars season, thank you guys for that. If you have traded with worldtradex we would really like to know about your experience – please submit your own review.

Deposits & Withdrawals

Client trades are made on prices provided to worldtradex by the pool of liquidity providers. The Price Aggregator automatically scans these so traders are assured of only ever getting the best available Bid/Ask price combinations. worldtradex has come far and still have a way to go with the goal already in sight. worldtradex Forex trading platforms are built on the popular MetaTrader4.

Range of Tradable Instruments

Bank wire transfers are on the slow end, taking between five and seven business days for both deposit and withdrawal requests, while crypto transactions are usually fast, taking 15 minutes or so. We are also disappointed with worldtradex’s monthly inactivity fee of $5, imposed when your account is not funded or you execute no trades over a period of 120 days. While this type of fee is not unusual, worldtradex imposes it after a relatively short period of time, especially compared with OANDA, which only charges its $10 inactivity penalty after 12 months. During tests, the EUR/USD came in at 0.1 pips, which is tighter than rivals like worldtradex with its 0.6 pips on the same pair.

For traders prioritizing low-cost forex and CFD trading with a trusted broker, worldtradex is a strong contender. However, those seeking more diverse markets or advanced platforms may want to explore other options. It’s fine if you want a no-fuss trading experience but seriously lacking in the research tools, analysis features. Like, they dont lure you in with leverage, dont create 15 account types. They dont have their own cooked up half-working trade platform, instead its tried and tested MT4 which is the best trading platform for retail by far.

However, the platform selection is limited to MT4, which may feel outdated for some traders, but not for me…✅ Overall, it’s a solid choice for anyone seeking transparent and competitive trading conditions. worldtradex is an excellent low-cost choice for beginners due to its decent range of educational resources and free demo account – a great way to build up experience before trading with real capital. The $0 minimum deposit also makes the forex broker accessible for new traders.

Asia/Pacific Markets

To be fair, my first impression of this broker was “lol, this broker is so outdated and the user interface is quite old”. 😂 Anyway, I joined them because their reputation speaks for themselves.Nonetheless, I was really surprised when I found out that it’s possible to trade crypto currencies here. I would have never guessed that this old broker would be able to provide crypto pairs for trading. worldtradex could offer more in terms of trading tools and reduce or eliminate its withdrawal fees, but these are minor complaints. This will be enough to satisfy most traders and provide opportunities to deploy a range of forex trading strategies.

• However, the platform selection is limited to MT4, which may feel outdated for some traders, but not for me…✅ Overall, it’s a solid choice for anyone seeking transparent and competitive trading conditions.
• worldtradex is also registered in 26 European Union countries under the Markets in Financial Instruments Directive (MiFID).
• worldtradex was launched in 2010 by a group of forex experts aiming to create a competitive and supportive trading experience for clients through transparency and high trade quality.
• They have created different types of accounts with various features and minimum deposit requirements, making it easy for traders of all levels to get started.

So many times my trades were executed at a different price than the one I saw on the chart.Here things are completely different. Plus the spreads are tight.My overall trading experience and profits improve https://worldtradex.pro/ by far just by changing the broker I trade with. worldtradex works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker. Accessing the MT4 app through an worldtradex account is also straightforward, requiring only 3 easy steps, while mobile traders get the same tight spreads and reliable execution provided by the broker.

While the platform options and asset variety are somewhat limited, worldtradex compensates with its robust regulation, free VPS hosting, and user-friendly environment. Ordinarily, we prefer to see a choice between a commission-free account (geared towards beginners) and one with raw spreads and low commissions (geared towards advanced traders). However, worldtradex has outdone many competitors by offering the kind of tight spreads you’d expect from ECN accounts without charging a commission. worldtradex offers a comprehensive range of tradable instruments, including major and minor currency pairs, commodities, indices, and metals. This diversity allows traders to build diversified portfolios and explore various market opportunities, catering to both short-term and long-term trading strategies. worldtradex was launched in 2010 by a group of forex experts aiming to create a competitive and supportive trading experience for clients through transparency and high trade quality.

EeziePay and AWEpay process both deposits and withdrawals instantly, however you should be wary of currency conversion fees. The other e-wallets Neteller and Skrill process deposits within an hour of the request and are instant for withdrawals, which is competitive. The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. It may not be the best choice for those seeking a wide variety of instruments or advanced trading platforms beyond MT4. worldtradex is a low-cost brokerage with no commissions and spreads that are generally competitive, especially on currency pairs. This app comes equipped with sophisticated charting tools, including 30 technical indicators, 9 different timeframes, and 3 varieties of charts, ensuring a comprehensive trading experience.

Placing a trade is a quick and straightforward affair that can be completed in a couple of clicks via the ‘Market Watch’ window or even more smoothly by turning on one-click trading. This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage. That said, the bonus could not be withdrawn, and if your account balance reaches below 50% of the available bonus credit, the amount will be removed. This is essentially free credit that can be used for trading purposes, and I was pleased on this occasion that there were no minimum trading requirements. I only really missed having PayPal available since this industry leader is one of the most widely used e-wallets and is accepted by rivals, including XTB and IG. That said, this broker does implement negative balance protection across both EU and offshore entities, unlike alternatives such as Fusion Markets.

I rate worldtradex’s customer service as top-notch in terms of responsiveness and speed. The multilingual support team responded very quickly to my queries over live chat, never taking more than 30 minutes to get back to me. I also find the FAQs section on the website a useful way to solve basic queries. worldtradex’s offshore entity offers a 100% welcome bonus up to $2000 whereby new clients can double their initial deposit size. However, due to European regulations, this bonus is not available for clients from the EEA.

I really like the ‘average spread tool’ available on the broker’s website which displays fees over recent trading sessions. This is a rare feature that you don’t see at many rivals, and a promising sign of transparency. In our experience, the 0.2-pip average spread on EUR/USD is far tighter than most commission-free accounts, which regularly charge 1 pip or more for this major pair. The most frustrating absence is stocks, which are entirely missing, though traders can at least speculate on stock markets through index CFDs.