The spreads are not the best you can find, but trading costs can be reduced with the zero spread account. As we can see the trading costs of trading via the Zero spread account are lower. These savings can be much great when you trade other instruments with wider spreads on the Standard account. Across is Standard and Micro accounts, worldtradex looks to make money on the trading spread rather than charge commissions. Whereas with the Zero account, there is no spread and instead ZM charges a commission on every trade.
Pepperstone is a world-class broker and the better choice for algorithmic and high-volume trading, while worldtradex is the better choice for beginners and copy traders. worldtradex offers Metatrader platform for desktop, including PCs or Laptops. Full functionality is available through MT4 and MT5 mobile worldtradex trading platforms. worldtradex forex traders can opt to trade 8 of the most popular commodity including Corn, Wheat, Cocoa etc.
- Everything else is the same as Micro lot (even the spread), the only difference is that you can trade standard, mini & micro lots.
- Our analysis of over 40 leading brokers’ average monthly spreads revealed that while worldtradex’s no commission spreads are competitive, there are other brokers offering tighter spreads.
- Besides keeping clients’ funds in segregated bank accounts, worldtradex hosts advanced security protocols, including SSL encryption and two-step authentication preventing unauthorised access.
- If you fund your account in a currency different from the base currency of your account, a currency conversion fee may apply.
Bonus for Deposits & Promotions
Even the $5 minimum deposit is imposed to adhere to the restrictions placed on electronic funding platforms like Skrill and Neteller. You can use Nganluong Wallet, Neteller, Skrill or Online Bank Transfers to withdraw money. Clients outside Europe can trade real stocks on the worldtradex Share account. The commission you pay is dependent on the market you are trading. It has a presence in more than190 countries, with over 10 million clients. When trading with them, you will most likely find their services excellent, their customer service impeccable, and their approach to clients welcoming.
- With a total of 254 reviews posted on the platform so far, more than 50% of clients expressed their dissatisfaction with the company.
- Nevertheless, the platform’s aged interface and the chances of performance delay might be a downside to some traders.
- worldtradex is great for newbie traders because of their educational resources.
- While the number of instruments offered varies across asset classes, worldtradex’s diverse range of options provides traders with ample opportunities to capitalize on different market trends.
- However, there are reasons they might not be the ideal fit for your trading goals.
worldtradex offers both a mobile app for Forex trading and a social copy trading App. For the purposes of this article, we will be focusing on the Forex trading app. Nevertheless, it is prudent to evaluate the cons, such as the higher spread on some account types, before arriving at a conclusion.
MT5 is an upgraded version of MT4, featuring additional capabilities like support for both hedging and netting. It also includes an economic calendar, which keeps traders informed of market events to help them make more informed trading decisions. worldtradex Group’s commitment to safety and security is reflected in its regulatory status and adherence to global standards. As a licensed entity under the Financial Services Commission, worldtradex provides a trustworthy and secure trading environment. Yes, worldtradex Group adheres to strict financial regulations, and client funds are kept in segregated accounts to ensure their safety.
On the positive side, the spread is very low with this account. You can only claim worldtradex’s welcome bonus if you choose this account, but on negative side, you cannot claim any other bonus like Loyalty Rewards. He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018. To withdraw money from worldtradex, you need to log in to your account, go to the withdrawal section, and follow the instructions for your chosen withdrawal method.
How does worldtradex make money?
As you can see, worldtradex stacks up fairly with higher fees in places and lower in others. For comparison, brokers like XTB and eToro, charge about the same. EToro charges $2.4 for the S&P index, $2.7 for EUSTX50 and $6.3 for the Apple CFD fee. XTB, on the other hand, charges $2 for S&P, $2.7 for the EUSTX50, $17.9 for Apple, and $20.9 for Vodafone.
Customer Support Contacts
As you explore worldtradex, you’ll notice a range of options that are designed to cater to both beginners and experienced traders. The platform offers an extensive education section, which can help you feel more confident and knowledgeable in your trading journey. This wealth of educational resources covers various topics, including trading in CFDs, improving technical skills, and understanding market analysis. There are three types of accounts available to suit both beginner and experienced traders.
worldtradex’s low spreads and efficient trade execution make it a great choice for active traders. Their platform is reliable, and their customer service is consistently responsive. Their educational resources have helped me become a more confident trader. Totally agree customer support is very important to have in the trading industry. But if you’re looking for a more social trading experience, you might want to look elsewhere. Just watch out for those spreads – they can fluctuate depending on market conditions.
worldtradex Compared to Other Brokers
Since its launch in 2009, FBS has become a go-to choice for traders around the world. Known for its beginner-friendly approach, quick trade execution, and wide range of assets, FBS continues to stand out as one of the top forex trading apps trusted by millions globally. worldtradex trading’s platforms are also very good with multi-device support. Other than forex trading, their instruments on offer include cryptocurrencies & stocks, which makes them even better option for traders looking to trade multiple instruments. Some users rate the service quality highly, noting quick withdrawals and low spreads.
worldtradex follows a strict withdrawal policy that requires clients to withdraw funds using the same methods as their initial deposit. This applies to all deposit options, including credit/debit cards, e-wallets (like Skrill or Neteller), cryptocurrency wallets and international bank transfers. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. Known for its competitive spreads and user-friendly interface, JustMarkets caters to beginner and experienced traders.
Is worldtradex suitable for spread betting?
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. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). worldtradex Group offers free comprehensive education and research tools for traders including Analyzzer signals, daily technical analysis, market research and Worldtradex scammers daily market commentary.
worldtradex offers an exceptional trading platform that combines efficiency with a wide range of tools. Their detailed market analysis has proven invaluable, allowing me to make well-informed choices in my trades. I’m trading via a standard trading account and I like that spreads start from 1 pips averagely and it seems these spreads are pretty tight.
Moreover, we shared clients’ reviews about the broker on different platforms such as Reddit, Quora, Trustpilot and Forexpeacearmy. Signing up with the broker is relatively quick but requires account verification. After filling up the registration form, clients need to upload the supporting documents to complete the KYC process so they may add funds to their accounts and start placing trades.
worldtradex does not appear to offer STP (Straight Through Processing) or ECN (Electronic Communications Network) trading accounts. So there is no Direct Market Access and it means that worldtradex can set the price that traders receive. The website suggests that worldtradex offers 1377 instruments, but the vast majority of these are stock CFDs. Looking at the traded instruments, it is a mixed offering from worldtradex. On the plus side, we think they have an excellent selection of stocks CFDs, in addition to a decent selection of forex pairs.
