worldtradex Review 2025 Trade with an award-winning CFD broker
AutoTrade lets you automatically “mirror” or copy another trader’s transactions who then gets paid a small part of the dealing spread. worldtradex is among the most popular trading platforms found around the world, and it is an excellent choice for many traders. Although, their popularity in Japan is not so good after a bad breakup with the Japanese market to satisfy FSA regulations (which they were unable to attain). If you are looking for the smallest possible spreads (starting from 0 pips), then you may consider the zero spread accounts. These do charge a very competitive commission which varies depending on the level of the account.
worldtradex MT4
The IronX Exchange is a world-class, regulated cryptoexchange that lets you trade a variety of digital coins. You can also perform fiat-to cryptocurrency conversions, and leverage options are available for traders. worldtradex provides support in over 30 languages, allowing the platform to be accessible to those around the world. The main website is available in 14 languages, with the option to change language at the top of the page. The broker provides you with top class global customer support in over 30 different languages.
Alison Heyerdahl is the Head of Content at FxScouts and a financial writer with extensive experience in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast to help traders make informed, safe decisions. The available materials and tools inform the broker’s clients of trading opportunities that are currently developing and explain how and why those opportunities are taking place.
- However, it’s crucial to keep in mind that the most overlooked fees in Forex trading are swap rates on leveraged overnight positions.
- They take a customer focused approach and are committed to providing the highest standard of services with full transparency to clients.
- You can set up a demo account for yourself prior to or alongside your live CFD account.
- As worldtradex only offers MT4, on mobile as well as desktop, the mobile trading experience is limited compared to other brokers.
Today, worldtradex has more than 10 trading platforms for traders to utilize, more than 200 tradable instruments, and serves customers in more than 180 countries with support in more than 30 languages. It introduces traders to the broker’s services and allows them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe Worldtradex review environment. You can set up a demo account for yourself prior to or alongside your live CFD account. worldtradex offers a wide range of retail and professional accounts with different pricing mechanisms and no minimum deposit requirements.
- He was also polite and patient, taking his time to provide satisfactory answers to my questions.
- Fasapay has a transaction limit of $5,000 with a withdrawal fee of 0.5 percent (up to $5).
- Over the weekend, you can leave a message for when support resumes, as shown below.
- Broker also allows you to use third party trading robots and automate your own trading plan, which you can implement using MT4.
Trading Platform Comparison
However, it takes 48 hours on average for worldtradex to process withdrawals, which is longer than most other brokers. worldtradex charges admin fees on some withdrawal methods in addition to a fee of 50 USD for bank transfers under 300 USD. Each demo account imitates actual trading conditions and comes loaded with 100,000 of the base currency of your choosing. Demo accounts expire after three weeks of inactivity and cannot be reactivated. Most other brokers have demo accounts that don’t expire, so this is an unusual move on the part of the broker. Platform support is limited to MT4, but worldtradex offers an upgraded package labeled MT4 Advanced, which transforms MT4 into a state-of-the-art trading terminal.
Is worldtradex Safe to Trade With?
Founded in 2010, worldtradex is an online broker based in Cyprus that also offers Contract for Difference (CFD) trading in over 200 tradable assets. The broker added social trading to its offerings in 2013 by collaborating with third party developers and joined forces with EmurgoHK in 2018 to found the cryptocurrency exchange. worldtradex has an excellent reputation and is one of the industry leaders in the world of forex trading.
For Live Floating and Live Fixed Accounts:
The minimum deposit required to open an account is only $100 which is great when you consider the industry leading trading platforms and conditions they offer. Overall, worldtradex is a very well established and reputable trading broker that serves all types of traders from around the world. They give you convenient access to a generous range of trading instruments across multiple markets. The advanced trading technology incorporated ensures that the trading conditions are some of the best available with competitive spreads (fixed/variable) and competitive trading costs. There are plenty of account types and payment options to suit all types of traders whilst each client is treated equally. Furthermore, the charitable work they do is very commendable and good for the community.
Once the download is complete, log in by choosing ‘Open a new account,’ select worldtradex, and enter your MT4 username and password that you received in the worldtradex welcome email. Broker now has a global presence with offices in more than 60 countries and customers in over 180 countries that it supports in 45 different languages. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Whilst we try to keep information accurate and up to date, things can change without notice and therefore you should do your own research.
I must admit that the commission is not the lowest I have seen, but I also feel that the quality of the broker makes it worthwhile. There is an excellent selection of forex currency pairs (major, minor and exotics) to trade, 24 hours a day, 5 days a week. You can choose your own leverage and have unlimited access to some of the largest liquidity providers through worldtradex. This means that they must comply with stringent national and international regulatory authorities and demonstrates their commitment to maintaining high business standards and ethics. Trading with a regulated broker can give clients confidence peace of mind that they have full security, by using a company that operates with the upmost transparency and integrity. I would personally have no issue in trusting them with my funds and can therefore trade without worrying.
You will find that they have an excellent variety of convenient deposit and withdrawal methods to meet everyone’s needs. Some clients may find the online payment processors more convenient and faster. I personally use digital wallets as they allow me to move my funds around faster. This can be vital if there is a scenario where there is some major market news that I need to try and capitalise on.
Spreads vary from as low as 0.5 to 1.7 for live floating spreads with EUR/USD or 1.6 to 2.8 for fixed spreads, depending on account type. ECN and Zero Spread accounts have no spread and charge a commission based on the number of lots traded instead. Explore the best Forex brokers for beginners in the UK with user-friendly platforms, educational resources, and demo accounts. The broker provides featured trading ideas from Trading Central, offering day traders insights into developing market setups. While it offers a range of supporting tools, it had above-average spreads on instruments like GBPJPY and US30 during my test and lacks an alternative to MT4.
worldtradex processes payments in multiple currencies via bank wire, credit and debit cards, and e-wallets. The broker also provides PMAM accounts for managed trading, TradeCopier service for copy trading, and free VPS hosting for low-latency trading. Staying informed about major economic events is crucial for successful trading. worldtradex provides an up-to-date economic calendar that highlights important economic releases, central bank meetings, and other events that may impact the markets. Traders can use this tool to plan their trades and anticipate potential market movements based on upcoming news.
All platforms come without charge, however, broker provides educational material on how to get them running. While day traders and scalpers should not have to worry much about swaps, those who use longer-term trading strategies can incur this potential extra charge. Also offers zero-commission trading for UK residents with fairly competitive dealing spreads that can either be fixed or variable, depending on the account type you select. When it comes to forex trading, worldtradex offers access to an impressive range of 120 currency pairs. The broker allows you to trade all major pairs and crosses, as well as some minor and exotic pairs.
The assortment is wide enough to accommodate the basic needs of most types of traders. However, the broker does not provide any low-risk securities, such as ETFs, bonds, or vanilla options. It also offers a variety of trading accounts, most of which have no minimum deposit requirement, and provides excellent conditions for copy trading.
worldtradex offers a wide range of deposit and withdrawal methods, and while no fees are charged for most methods, withdrawals by bank wire transfer are expensive. worldtradex’s range of financial instruments to trade is limited compared to most other brokers, but it offers over 80 Forex pairs. A drawback for beginner traders considering worldtradex is the lack of educational and market analysis materials available, forcing traders to self-educate with other third-party platforms.
Where many brokers only offer a few accounts, worldtradex have a great range of different trading accounts to cater to the needs of many different styles of traders. There are accounts with floating spreads, fixed spreads, no commission and spreads starting from zero. They also offer corporate and institutional accounts, with a dedicated business account manager who can prepare a bespoke service package catered to your needs.