Most account types offer commission-free trading, with generally tight spreads, particularly on popular instruments like major forex pairs. Skrill and Neteller e-wallets offer nearly instantaneous deposits and withdrawals for even faster options. worldtradex also provides region-specific local payment methods, such as PayTrust88, that depend on your location.
- Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.
- worldtradex introduces a new and exciting element to the trading world – Forex contests.
- I wonder if it is the same for everyone… once I started trading here, I was actually excited to tell people about the broker.
- worldtradex’s adherence to these regulations fosters trust among its users.
- Following this, a monthly fee of $5 applies if the account remains inactive.
Popular Forex Guides
By safeguarding client funds and offering negative balance protection in specific jurisdictions, worldtradex prioritizes a secure trading environment, establishing itself as a trustworthy and reliable choice for traders. However, brokers like IG or CMC Markets provide more options for those seeking a broader variety, particularly in stocks and cryptos. BlackBull also offers a superior range of overall trading opportunities, with over 26,000 instruments available to suit various trader preferences. worldtradex also offers demo trading accounts, providing a risk-free environment in which to explore its platforms and available assets. Negative balance protection is important for traders using leverage on platforms like worldtradex.
Tradable Instruments
The worldtradex Loyalty Program rewards traders with points (worldtradexP) for each trade they make. It has four tiers—Executive, Gold, Diamond, and Elite—with higher tiers offering more points per trade. These points can be redeemed for trading credit, and they don’t expire. The program is designed to benefit active traders based on their trading volume. The eligible trading accounts are the micro and standard accounts only.
One of the factors that bolstered my decison is the fact that worldtradex is strictly regulated by several respected regulatory entities, including CySEC.As for the range of assets here, it is really huge here. I trade forex pairs and stocks, and frankly the costs stemming from my trades are minimal thanks to the low spreads from the broker.Regarding the customer support, they are trully attentive and fast to reply. worldtradex also offers a comprehensive suite of educational resources, including tutorials, webinars, and seminars, to guide beginners through the fundamentals of trading, market analysis, and risk management. worldtradex caters to new traders with features like low minimum deposits (starting at $5 for certain accounts) and demo accounts for risk-free practice. worldtradex Group offers a strong selection of trading platforms and tools, including MetaTrader 4 and MetaTrader 5.
So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position. Depositing funds with worldtradex ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if worldtradex were to go out of business unexpectedly. All payments made https://worldtradex.space/ to worldtradex by traders are securely held in a segregated bank account.
worldtradex does not offer Multi Account Manager (MAM) or Percentage Allocation Management Module (PAMM) accounts. Micro and Standard accounts have slightly wider spreads compared to Ultra Low accounts, but both are eligible for the worldtradex Loyalty Program. Certain account types may limit which base currencies can be selected. For example, worldtradex Zero accounts are limited to USD, EUR, and JPY.
This could make the Ultra Low account attractive to traders seeking minimal trading costs. The worldtradex VPS service is provided on favorable terms as part of a promotion. Clients with a balance of at least $500 and a trading volume of at least 2 standard lots or 200 micro-lots per month can connect to VPS for free. Other clients can connect to the service for a monthly fee of $28. worldtradex offers a unique loyalty program that allows traders to earn bonus points https://worldtradex.site/ (worldtradexP), which can be exchanged for credit bonuses.
Leverage
I’ve yet to find a single lacking review of worldtradex support globally. worldtradex has won over 40 awards for “Best Customer Support” from reputable institutions like IAIR Awards and Global Banking & Finance Review. You can use most of the same methods you used to deposit, with the exception of credit/debit cards.
Does worldtradex offer an Islamic account?
Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). The material does not contain (and should not be construed as containing) investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument.
Unlock Your Trading Potential
Verification is also straightforward, requiring only a primary document to confirm identity. However, the broker’s technical support can be inconsistent, as evidenced by customer reviews highlighting discrepancies in service quality. To summarize, the broker is committed to educating its traders, but further enhancing and diversifying educational resources would better meet traders’ needs and align with industry leaders. worldtradex may charge an inactivity fee if your trading account remains dormant for a specified period (more than 90 days).