worldtradex Review 2025 Trade with an award-winning CFD broker
worldtradex accepts several different e-wallets such as the widely popular Neteller and Skrill, as well as FasaPay, a Malaysian e-wallet that is accepted by various FX brokers. In addition, the broker accepts several instant banking transfer services, which are available locally – Union Pay for Chinese customers, DotPay for Polish traders, etc. The broker offers CFDs on several commodities, including Brent Crude and West Texas Intermediate (WTI) oil. It takes just $100 to open a Micro account, increasing to $2,500 for a Premium account and $20,000 for a VIP account.
- The ECN broker manages to consolidate quotes from several participants, which is why spreads here start from 0.0 pips and are typically very tight.
- It is actually quite rare to find a broker that has fixed spread account which is often a choice for traders who are running scalping strategies that need consistent spreads at all times.
- worldtradex is the trade name of Notesco Limited, a company registered in Bermuda and headquartered in Cyprus.
- A webinar section was locked, leading to a live account application, while the seminar section contained just two non-English programs in MP4 format.
Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in https://worldtradex.site/ English Literature with a minor in Philosophy from San Francisco State University. Digital wallets or e-wallets are fast, secure, and convenient methods to send and receive electronic payments.
How do I open an account with worldtradex?
They recently added cryptocurrency coverage to a broad selection of forex, spot, and CFD trading products. Earlier in 2018, worldtradex announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced. 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.
This shows strong business ethics and a responsible corporate attitude by supporting community development. They take a customer focused approach and are committed to providing the highest standard of services with full transparency to clients. While it provides essential functionalities for trading on the go, it does not excel in this area compared to its competitors. The same platform is also available for mobile devices and it can be downloaded for free from the App Store or Google Play. For instance, it has 3 types of charts, namely bars, Japanese candlesticks, and broken line, but it features only 30 of the most popular technical indicators.
If that was the case, I wouldn’t want to be waiting around for days whilst a bank transfer https://worldtradex.blog/ clears. The broker provides you with top class global customer support in over 30 different languages. Friendly representatives are hand to answer all of your questions 24 hours a day, 5 days a week via phone, email, and online chat.
worldtradex offers Metatrader 4 and 5 but no dedicated or proprietary trading platform. They do offer a Mirror account, but that’s a hedging tool, not a social trading interface. The website Trader’s Dashboard shows the positioning of other clients, updated hourly, but account holders will need to use Metatrader’s limited social functionality to take advantage of the information. Client funds are segregated from company funds, reducing the potential for misuse.
Popular Forex Guides
You can choose your own leverage and have unlimited access to some of the largest liquidity providers through worldtradex. worldtradex incorporate advanced order execution with a vast amount of liquidity from liquidity providers (LP’s), low fees and competitive spreads (from just 0 pips) and 24-hour multilingual customer support. worldtradex offers 83 forex pairs and 340 tradeable symbols, providing a decent range of trading options.
The platform allows clients to manage unlimited accounts but as we have said, it is designed for professional traders only. worldtradex offers trading on copper futures, as well as energy futures – US light sweet Crude oil, Brent Crude oil, and natural gas. Unlike hard commodities like metals and oil, soft commodities are typically agricultural products that are being grown rather than mined. The soft commodity futures on worldtradex include cord, wheat, rice, soybeans, coffee, cocoa, sugar, and cotton. 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.
Commodity Futures
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. worldtradex, founded in 2010, is a forex and CFD broker regulated by multiple authorities, including ASIC, FCA, and under MiFID regulations. While it offers a variety of trading instruments and platforms, its overall offerings and ratings are average in the competitive forex market. With STP or ECN accounts, clients’ orders are not processed by the dealing desk and are instead forwarded to the interbank market. This provides faster execution, more liquidity, as well as more accurate prices.
AMP Futures Review
They could improve by adding some crypto payment options but that is not really a deal breaker from my perspective. 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.
Metatrader 5 adds important features lacking in the older version but retains frustrating aspects of this industry-standard software, including weak customization and limited conditional orders. The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed. There may be fees charged when using certain payment methods but I generally found them to be negligible. Of course, if you are moving large amounts then you might notice more of a difference. Trading accounts can be opened in a generous range of currencies which are USD, EUR, GBP, AUD, JPY, BTC, PLN and CZK. The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
With more than $3 trillion traded daily, the foreign exchange market or Forex is the largest financial market and the most popular option for retail traders. Trading is conducted 24 hours a day, except during the weekends, offering great flexibility to traders. Due to the high volume, liquidity, and leveraged positions, Forex provides great speculative opportunities and is preferred by many traders. The broker’s account diversity is impressive, with a tiered structure that includes floating vs. fixed and commission vs. no commission fee schedules. They round out their services with a variety of professional accounts, introducing broker (IB) branding and a portfolio management program.
Finally, the fine print advises that spreads widen significantly during volatile and off-market periods, even with fixed spread accounts. MT4 is perhaps the most popular online trading platform that is used by millions of traders across the world of all experience levels. It is very user friendly with an abundance of implemented trading tools for efficient markets analysis and trade management. MT4 has a short learning curve whilst there are plenty of online tutorials that can help to familiarise new users to the platform. The minimum deposit required for this account is $500 and once again, clients can register SD, EUR or JPY as their base currency.