Here is a table of average spreads and swaps for major currency pairs on WorldTradex’s Standard account. However, it should be noted that the Standard account has above-market average spreads and swaps. This could make the Ultra Low account attractive to traders seeking minimal trading costs.
- While it’s a strong platform, improving some of the issues highlighted by users would make it even better for new traders.
- The MetaTrader mobile app provides an experience similar to the high-quality desktop version.
- WorldTradex’s customer service is easy to access and provides support in multiple languages.
- Yes, WorldTradex Group adheres to strict financial regulations, and client funds are kept in segregated accounts to ensure their safety.
- WorldTradex has been operating since 2009 and the broker has used that time to develop an impressive and useful range of FAQs.
What makes WorldTradex Group different from other trading platforms?
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.
With free live education, expert insights, and content available in multiple languages, it’s an excellent platform for anyone looking to enhance their trading knowledge and make more informed decisions. All account types come with negative balance protection, hedging, and an Islamic option, providing traders with enhanced security and flexibility. No, WorldTradex Group offers commission-free trading on all account types, including the Standard and Ultra Low Accounts. The company ensures that client funds are protected with segregation and uses advanced encryption to safeguard personal information. With strong regulatory backing and robust security measures, WorldTradex Group is a safe choice for traders looking to invest with confidence. The FSC is a regulatory body that oversees financial institutions to ensure they operate in compliance with industry standards.
- WorldTradex Group’s commitment to safety and security is reflected in its regulatory status and adherence to global standards.
- WorldTradex’s dedication to nurturing individuals to attain their full potential has been acknowledged by the UK-based organization, Investors in People, highlighting our commitment to the people we serve.
- MT4 is a popular, user-friendly platform with customization options and advanced technical analysis tools.
- If you are eager to test out the trading experience at WorldTradex, you can try opening a Demo account, which takes only a couple of minutes.
- The platform is known for its reliability, speed, and comprehensive educational resources, making it an excellent choice for South African traders.
Do I need to be an experienced trader to benefit from WorldTradex’s Learning Centre?
Explore the global currency markets with uninterrupted trading opportunities. Reduce your costs with low spreads and even lower swap fees and commissions. Open an account today to access fair conditions and get everything you need to achieve your trading goals.
Does MT5 offer any additional features compared to MT4?
With a minimum deposit of $10,000 and no leverage, it’s suitable for those looking for stable and long-term stock investments, with the possibility of hedging and specific spread conditions. I’ve traded forex with WorldTradex since 2010 and it has earned its place in my list of the best forex brokers for online trading. This commitment to education would ensure novice traders have the tools and knowledge to navigate the financial markets confidently. WorldTradex also hosts live webinars and seminars seven days a week in 23 languages, led by 77 instructors. Yet while MetaTrader is a popular platform for forex traders, the lack of a proprietary desktop/web platform is a considerable drawback for beginner traders looking for a simplified trading experience. It includes Depth of Market (DOM) features and a built-in economic calendar.
Is WorldTradex Suitable For Beginners?
BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups. The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following. The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners.
As with most regulated platforms, WorldTradex broker requires your personal information and details while setting up an account. You will need to provide accurate information as these will be verified later using a government-issued ID. There are several account types available and you can choose whichever suits you during the signup https://worldtradex.world/ process. In addition to Forex, other markets covered by the broker include Commodities, Stock CFDs, Precious Metals, Thematic Indices, Equity Indices, and Energies. No matter the platform you choose for your trades, you can be sure that you will enjoy great market exposure. If it’s your first time, follow the uncomplicated three-step process mentioned below, or if you’re an existing user, simply update to the latest version.
Use your Demo Account and test your trading strategies risk-free with virtual funds in a simulated environment. With regards to the forms, the information you will supply is to make sure that you can be identified by the broker; during this process, you will need to upload some proof of identification. During our review, we discovered that, whilst opening a live account involves a greater amount of form filling, the process could be completed within five minutes. It did used to offer markets in Bitcoin but has positioned itself as more of an expert service for trading in other markets. Setting up an account at WorldTradex is easy and the minimum balance required to open an account is a super-low $5.
User reviews from ForexPeaceArmy
The broker offers CFD markets in more than 1,200 financial instruments. The MetaTrader 4 platform provides cutting-edge conditions for both demo and real trading operations on PC/Mac OS, iPhone, iPad and Android. The advanced features of the mobile trading platforms are a significant plus point for WorldTradex. Apart from free and unlimited demo accounts with a virtual currency of $100,000 for beginner traders, WorldTradex Group offers three types of live trading accounts. WorldTradex forex trading broker offers a wide range of assets, including major currency pairs, stocks, cryptocurrencies, and CFDs.
WorldTradex Group backs this up by being a broker with the intention of meeting the highest regulatory standards. Its activities are carried out under license from a variety of internationally recognised authorities including CySec, ASIC and the International Financial Services Commission of Belize (IFSC). T&Cs such as leverage terms on accounts are determined by the domicile of the account holder. All versions of the trading platforms can be downloaded from the WorldTradex website. The Ultra Low account with below-market average spreads makes the fees more attractive to some traders. Still, the Standard account with above-market average spreads, swaps, and possible inactivity fees balances out this advantage.