With the high volatility of the crypto market, worldtradex offers advanced risk management tools to help traders manage their exposure. The broker also provides educational resources to guide traders in navigating the complexities of cryptocurrency trading. worldtradex offers a vast selection of over 500 tradable instruments and boasts 10 different trading platforms. Their dedication to innovation, competitive spreads, and superior client service have earned them recognition as an award-winning broker. New traders at worldtradex can take advantage of a generous welcome bonus, which provides additional funds based on the initial deposit. This bonus is designed to give new clients a strong start in their trading journey by increasing their available capital.
- worldtradex proves to be a reliable and innovative choice for both novice and experienced traders alike.
- Low trading fees and quality education for beginners from an industry leader.
- worldtradex is a reputable broker that offers over 500 instruments in various markets.
- Most traders will pass verification after submitting a copy of their ID and one proof of residency document.
- There’s a required number of assets, fast software in the form of famous MetaTrader 4 and the broker ensures full-fledged support on every step.
A Forex Tour?
However, the Live Zero Fixed Spread account does incur commission fees, though it offers zero fixed spreads on major currency pairs. worldtradex offers a robust Introducing Broker (IB) program, providing independent brokers with the opportunity to earn competitive commissions by referring new traders to the platform. The IB program is designed to help partners maximize their revenue through high-volume commissions, market rebates, and exclusive rewards. worldtradex’s offering includes valuable marketing resources, seamless onboarding, and a supportive portal for real-time tracking of referrals and commissions.
worldtradex provides a variety of accessible and diverse trading accounts, giving clients the flexibility to choose between fixed spreads and floating spreads. However, the broker could enhance its offering by introducing an alternative to the MetaTrader 4 platform. With over a decade of industry experience and more than 1.5 million clients globally, worldtradex is a well-established broker. It offers a range of safety features, including negative balance protection to shield traders from losses exceeding their deposits. Additionally, the platform employs SSL encryption to secure all transactions and customer data, further enhancing the overall security of trading with worldtradex. At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools.
- For traders looking to enter the rapidly growing world of digital currencies, worldtradex provides access to popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple.
- BUT I want to eco the sentiment that raw spreads are worth it sometimes.
- The IB program is designed to help partners maximize their revenue through high-volume commissions, market rebates, and exclusive rewards.
- There is a choice between forex, metals, indices, commodities, futures, shares cfds…the app is moving fast and I never had to reload it to get it working better.
Traders can earn extra rewards through the worldtradex Refer-a-Friend program. By referring friends or family members to worldtradex, clients can receive bonuses or cash rewards once the referred person opens an account and meets the specified trading requirements. This promotion encourages traders to share the benefits of worldtradex with others while earning extra rewards. Founded in 2014 and acquired in 2021, BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices. There is a very high degree of risk involved in trading securities.
Average
Another thing that makes this broker appealing is the withdrawal procedure – quick, hassle-free and plenty of payment methods. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. He earned a Bachelor’s degree in Economics and International Relations.
How long does it take for my deposit to be processed?
worldtradex employs advanced security measures designed to protect your personal information, funds, and privacy. These measures include encryption, firewalls, and secure login protocols to ensure your account remains safe from unauthorized access. Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. These products may not be suitable for everyone and you should ensure that you understand the risks involved. For Adam, trading is not only a job but also a passion for more than 5 years. He has many years of experience in the financial sector and honestly admits that he is in love with his job.
Is worldtradex a regulated broker?
Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from Worldtradex company reviews failed trades. In my opinion, MT4 is best suited for automated trading via Expert Advisors (EAs). The platform also has an intuitive strategy tester, allowing experienced algo traders to tweak the parameters of their strategies so that they can be used under different market conditions.
Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. worldtradex offers 310 tradable instruments at varying costs and integrates the popular MetaTrader 4 platform, which can be enhanced with an add-on for advanced charting. The broker also provides copy trading solutions through its TradeCopier service and VPS hosting for low-latency trading. worldtradex provides a diverse range of highly informative educational materials in both written and video formats.
Moreover, the broker’s swap fees exceeded the benchmark during my tests. worldtradex is an ideal choice for news traders because of its comprehensive market research offering. It consists of actionable trading signals, a robust market sentiment gauge, detailed market breakdowns, and more. If you were still deciding to join, worldtradex has different accounts, you can choose between the live or STP/ECN depending on your needs and preference. I have spreads as low as 1.4 depending on the asset I decide to trade with.
My account at Iron 23207737 to avoid…
Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team. While it provides essential functionalities for trading on the go, it does not excel in this area compared to its competitors.
Traders should also consider potential third-party processing costs and currency conversion fees. Only verified trading accounts can deposit and withdraw, and the name on the payment processor must match the worldtradex account name. Some payment processors have geographic restrictions, but the worldtradex back office will only list the ones available to traders. Traders can open an worldtradex account via the online application form, which follows well-established industry standards. It asks for name, e-mail, phone number, country of residence and knowledge and experience.
Popular Forex Reviews
In addition, tiers apply only to forex, with all account types paying similar spreads and/or commissions when trading CFD or spot instruments. Several pages not properly linked to the main site announce the availability of cryptocurrency trading but our reviewer found no contract, spread, or fee information. Client funds are segregated from company funds, reducing the potential for misuse.
Forex spreads at worldtradex start from as low as 0 pips, giving you competitive pricing and allowing you to trade the most popular currency pairs such as EUR/USD, GBP/USD, and USD/JPY. worldtradex’s Introducing Broker program is an excellent opportunity for those looking to build a profitable business in the forex market. With high commissions, monthly reward plans, and a supportive platform for tracking referrals, worldtradex provides a comprehensive solution for IBs.
Traders can use this tool to plan their trades and anticipate potential market movements based on upcoming news. worldtradex regularly organizes trading contests and competitions with lucrative prizes, including cash rewards, luxury trips, and high-end gadgets. These contests are open to traders of all experience levels and provide a fun and competitive way to showcase trading skills. Participants can join these events and compete for top spots, earning valuable rewards along the way.
worldtradex enables commission-free trading; however, I found that spreads on some popular instruments exceed the industry average. The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives. Clients can choose between two types of floating and an equal number of fixed accounts that offer different spread schedules and fee structures.
Contracts for Difference (CFDs) are financial derivative instruments that allow traders to speculate on the price movements of an asset without owning the asset itself. worldtradex incorporates MetaTrader 4 for web, desktop, and mobile trading. The platform’s performance can be enhanced with the MT4 Advanced add-on. The broker also provides PMAM accounts for managed trading, TradeCopier service for copy trading, and free VPS hosting for low-latency trading.
worldtradex provides a wide range of deposit and withdrawal methods, including bank wires, credit/debit cards, e-wallets, and local payment solutions. However, certain payment methods may have geographic restrictions, but the worldtradex back office will display only the available options for each trader’s location. worldtradex provides the industry-leading MetaTrader 4 (MT4) platform, favored for its advanced algorithmic trading capabilities and user-friendly interface.