This guarantees that your funds remain safe and protected according to international standards. What is also great, there are no charges for deposits so you won’t pay any commission, however always define it with your payment provider or Bank itself as an international rule varies from one jurisdiction to another. Also, there is no commission based account soffered all Broker fee strucutre is based on spread, which is important to note for trades who prefere commission fee structure. worldtradex has recently announced about it going swap-free in all the regions it operates.
Generally, worldtradex’s integration of MT4 offers a strong trading solution that combines extensive features with user-friendly usability, so it’s a great fit for several trading approaches. By means of Expert Advisors (EAs), MT4 supports automated trading, therefore improving trading efficiency and facilitating users to apply algorithmic techniques effortlessly. The trading experience is enhanced by the availability of more than 25,000 custom indicators and plugins; the interface is simple, and navigation is easy.
Leverage
Positions held overnight are not subject to fees, whether positive or negative, which is a distinctive aspect of worldtradex. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. Founded in 2011, worldtradex holds a regulatory license in Europe via its Cyprus-based entity – worldtradex Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC).
No, worldtradex charges no commissions, deposit fees, or withdrawal fees for either account type, making it a cost-effective choice for traders. THerefore, is slightly hard to evaluate worldtradexFX since International codnitions are overall good, and EU are limited compared to industry. ALso, the points worldtradex does not win include instrument selection, lack of commission based accounts and more of the basic choice of platforms, buut spreads and costs at worldtradex are considered good. While other Brokers like Pepperstone or worldtradex, also IC Markets might be more appealing for platforms fees, education and their high reputation too. worldtradex is among the fastest brokers in terms of fund accessibility since withdrawal requests are handled quickly—usually within one to three hours. Still, the chosen payment method and geographic location could determine the real-time for money to get to the trader’s account.
Yes, worldtradex uses SSL encryption to protect personal and financial data, making sure that sensitive information remains secure and inaccessible to unauthorized parties. For Visa transactions, worldtradex uses 3D Secure authentication for extra protection. The platform’s technical infrastructure is continuously monitored to prevent data breaches or technical issues. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. Since the regulation demands strict follow of Forex business operations management, it is considered safe to open an account either with Cyprus, South Africa or an international worldtradex entity.
- He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
- worldtradex affirms that, in accordance with international regulatory standards, it uses separate accounts to keep traders’ funds segregated from the company’s balance sheets.
- Founded in 2011, worldtradex holds a regulatory license in Europe via its Cyprus-based entity – worldtradex Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC).
- worldtradex does a commendable job of offering educational and research materials to its users, though room for improvement and expansion still exists compared to some industry leaders.
One question that arises during the review is what happens with the bonus (credit) if the account balance falls below zero. In such cases, if the account balance turned negative, the credit from the bonus would be automatically cancelled, preventing the account from going negative. The minimum deposit is $25, while for several cryptocurrencies, the amount is approximately $50. Read what actual users and industry experts say about us online in broker reviews.
Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), worldtradex’s lack of additional reputable licenses heavily weighs down its Trust Score. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. Yes, worldtradex offers an affiliate program where you can earn commissions by referring new clients. You can earn up to https://worldtradex.space/ $12 per lot traded, with commissions reaching up to 80% of the spread revenue.
Contests, Giveaways, and, Bonus Offers
worldtradex provides low spreads, a 50% deposit bonus, no trading fees, and no swaps, which makes the platform very appealing to traders. MetaTrader 5 is a more advanced platform with robust tools and customization for experienced traders. worldtradexTrader is simpler, focuses on ease of use, and includes helpful features like Space, which provides market insights and trading ideas.
Our best spreads and conditions
This customized approach empowers traders to make more informed decisions and refine their strategies. MetaTrader 5 is an advanced platform tailored for seasoned traders who prefer sophisticated tools and in-depth technical analysis. It offers a wide variety of customization options and advanced features, making it ideal for traders who require more complex functionalities. worldtradex stands out as a strong option for traders seeking a commission-free broker with a diverse selection of financial instruments. Its international presence and commitment to providing educational support make it an attractive choice for both novice and experienced traders.
In South Africa, worldtradex provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). No, worldtradex charges no fees for deposits or withdrawals, making the process cost-free for traders. worldtradex also offers a 50% deposit bonus, adding extra funds to each deposit. Whether funding your account with cryptocurrency or a bank card, the process is smooth, with most methods being free and fast. No, worldtradex charges no commissions or fees for trades, deposits, or withdrawals, making it cost-effective for traders. Beginners can use it to track progress and learn from their trades, while experienced traders can fine-tune strategies and maintain consistent performance.
You have no real account to deposit
The broker also maintains a comprehensive FAQ section on its website, providing in-depth information on common queries related to trading, account management, deposits, and withdrawals. worldtradex platforms incorporate advanced charting tools, promote ease of use, and support algorithmic trading. Although not proprietary, the platforms provide opportunities for copy trading, allowing users to replicate successful strategies from other traders. The worldtradex platform provides a web-based and mobile alternative, but there is no desktop version, which can be inconvenient for traders who prefer a dedicated program over a web browser. The web-based platform offers quality charts, allows for the placement of technical indicators and lines, and supports alerts that arrive as notifications from the broker.
In 2012, it started organizing courses, and in 2013, it introduced its first bonuses. As part of its expansion, worldtradex launched a program for Introducing Brokers in 2014 and introduced the cTrader platform (currently unavailable). Since 2016, the MetaTrader 5 platform has been available, coinciding with the launch of educational content. In 2017, Autochartist was introduced, along with cryptocurrency trading and the first proprietary apps with market information, which would later evolve into the worldtradex app in the following year.
worldtradex is best suited for both beginner and intermediate traders due to its easy-to-use platform, educational resources, and low minimum deposit requirement. The broker provides comprehensive trading tools and features that traders can leverage to optimize their trading strategies. Additionally, worldtradex offers impressive customer support to assuage any potential challenges traders might face. At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying. In addition to educational resources, worldtradex provides various tools to assist traders, including a pip calculator, profit calculator, live quotes, https://worldtradex.site/ trading monitors, economic calendar, news, and a market analysis section. The dashboard, or client portal, provides relevant information and tools regarding the account.