Additionally, the platform offers interest rates from global central banks. worldtradex provides free VPS (Virtual Private Server) access for stable, fast, and high-performance trading. This dedicated server can handle multiple platforms and accounts, run automated programs, and ensure smooth trading operations. In conclusion, worldtradex stands out in the competitive forex brokerage landscape by offering a reliable and transparent trading environment. The broker’s commitment to technological excellence, diverse account options, and client-focused services make it a compelling choice for traders seeking precision in their forex endeavors. Whether you’re a beginner exploring the markets or an experienced trader looking for advanced features, worldtradex’s offerings cater to a wide range of trading needs, making it a broker worth considering in your forex journey.

I was attracted by low margin requirements, high leverage and tight floating spreads. Together with the NDD/ECN executions, the broker’s offer is far above the middle range of the industry. Some traders might not like the light level of regulation, but the trading conditions speak for themselves.

• It’s a good broker for intraday trading because trading conditions allow to earn on every move.
• Based on our findings, the broker offers a good  range of trading instruments with over 200 Trading products all based on FX and CFDs trading.
• One of the most ignored trading costs is swap rates on leveraged overnight positions.
• The broker that provides you with a competitive online trading environment and the required resources to help you get the best out of your trading.
• Several special tools and capabilities provided by worldtradex improve the trading experience for its customers.

million customers

Embedded tick charts are an extremely useful way to determine accurate entry and exit points. 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. As for the consistency the Broker performs quite good operation along all the years and we didnt find serious breach of rules or fines imposed. In addition, real traders comments (which you may check underneath our review too) are mostly positive and there are many satisfied and happy traders at worldtradex which is another plus to its clarity.

It fully supports automated trading and is one of the most versatile trading platforms available. MT4 upgrades are available through third-parties for an additional fee to (potentially) enhance the trading experience. One significant advantage is that worldtradex offers a more in-depth introduction to MT4, which many brokers fail to do, and which can truly set traders up for longer-term success. I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability. worldtradex offers traders a competitive commission-free trading environment. The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which worldtradex transparently displays on its website.

Several special tools and capabilities provided by worldtradex improve the trading experience for its customers. For high-frequency traders especially, the ECN XL account is one of the best options since it has spreads Worldtradex cheating beginning at 0 pips and no commission. The worldtradex MetaTrader 4 (MT4) desktop platform offers quality trading experience characterized by its reliability and advanced features.

It is relatively straight forward process to open an account at worldtradex. You just need to click on the ‘Register’ button at the top-right corner of the brokers website. You will be required to fill in the account application form with your details and may be asked to provide some KYC documents in order to verify your account. This is pretty standard procedure when dealing with a regulated broker as they must follow AML policies. I like how the process is all done online and shouldn’t take you more than a few minutes to complete.

Here is a screenshot of the worldtradex quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. The asset being traded will affect these fees, which apply to both long and short positions. Swaps can be either positive or negative based on the interest rate differential between the two currencies in a currency pair. worldtradex does not charge particular fees for overnight holding of positions outside the average swap rates.

How to open worldtradex Live account?

• I prefer this model as it helps to eliminate any conflict of interest between my trades and the broker, ensuring that all my orders are executed in a truly competitive and transparent method.
• However, the lack of alternative platforms is a major drawback, also some traders find MT4 slightly outdated.
• worldtradex’s offerings include commodities, currencies, cryptocurrencies, and indices, giving traders flexibility in choosing their preferred markets.
• However, worldtradex does not have a specific web-based trading platform; all trading is done using desktop or mobile applications based on MT4 software.
• Not only can you select from a wide range of charting tools and technical indicators with this app, but you also get real time market pricing.

I would always prefer to use a regulated broker as they can provide certain protection that an unregulated brokerage firm cannot. I am personally satisfied with this brokers regulation and wouldn’t have any problem using them for my trading. If you would prefer some more top-tier regulators, then you might want to consider City Index as an alternative option. A responsive and knowledgeable customer support team is a hallmark of worldtradex. Traders can access assistance via live chat, email, or phone, ensuring prompt resolution of queries.

Forex Trading Account Types

On the flip side, the range of instruments is strictly limited to forex and CFD, the education section is relatively poor, and the support is only 24/5. Also, conditions for online trading might vary depending on the jurisdiction. worldtradex offers a variety of convenient deposit and withdrawal methods to accommodate traders’ needs. worldtradex does not impose any minimum deposit requirements, allowing traders to begin with as little or as much as they are comfortable with. Harness opportunity with spreads from 0.0, commission-free accounts, and a generous Rewards programme. I take advantage of broker’s competitive pricing and market execution to apply trading bots.

Trading Account Types

worldtradex notably charges no deposit fees, thereby enabling traders to begin free from further expenses. While bank transfers could take longer, e-wallet transactions usually take one hour, and deposits are handled rapidly. worldtradex enables accounts to use USD, EUR, and GBP, among several currencies. This adaptability serves a wide range of traders, improving the user interface. All things considered, worldtradex’s deposit options enable effective fund management, making it available to new and seasoned traders. Following three months of account dormancy, the broker levies a $5 inactivity fee per month.

Under its ECN XL account, worldtradex charges no trading commissions; it depends on competitive spreads to make money. For high-frequency traders trying to cut expenses, this structure appeals especially. Further improving the broker’s cost-effectiveness without deposit or account maintenance fees. worldtradex uses a spread-only methodology; hence, its ECN XL account shows no extra trading commissions. Spreads on important currency pairings start as low as 0.1 pips, which appeals to budget-conscious traders. For EUR/USD the average spread is about 0.8 pips, which is reasonable given many other brokers.

They can provide answers to all of your general, technical, and account-related inquiries. The support team can be reached via telephone, email, live chat, online form, and social media. The “Education & Research” section of the broker’s website is replete with various educational resources, such as learning articles, forex news, traders corner blog, glossaries, educational eBooks, and more.

US elections: 3 markets to trade

Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. worldtradex shows clients how to obtain the most up-to-date rates, a step many brokers omit. worldtradex lacks stock and ETF trading options even if it provides tools and educational materials such as economic calendars and trading alerts. Also, although it has a rather small asset range and may not fit all investors, worldtradex is a good option for traders looking for low-cost forex and CFD trading in a safe atmosphere. worldtradex operates on a spread-only model, with spreads starting as low as 0 on major currency pairs.

Known for its user-friendly interface and robust features, MT4 offers a seamless trading experience. Traders can execute trades with precision, access advanced charting tools, and employ automated trading strategies using Expert Advisors (EAs). worldtradex offers a single yet versatile account type – the ECN XL account, designed to cater to both beginners and professionals. This account features spreads starting from 0 with no trading commissions, providing a cost-effective trading environment. One of the standout benefits of worldtradex is the absence of a minimum deposit requirement, allowing traders to start with any amount that suits their needs.

There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply. worldtradex provides quality research tools meant to improve traders’ market analysis and decision-making capacity. Although worldtradex’s research products are helpful for traders, they might not be as thorough as those of other top brokers; hence, users should always augment their research with other sources as needed. worldtradex offers a range of handy deposit options to suit traders’ requirements. Instant funding for users’ accounts comes from bank wire transfers, Visa, Mastercard, Skrill, Neteller, and cryptocurrencies, also Neosurf, SOfort, Rapid, paysafecard, Neosurf, Yandex, Boleta, UnionPay and much more.

But it’s worth mentioning here that past performance never promises a profitable future. Keeping that in mind, you need to do proper research before selecting and investing in anyone else’s trades. I actually prefer to take control of my own trading as I like to be responsible for my decisions. It can be good to learn from mistakes and improve your trading skills by having some hands-on experience. Free demo accounts are available if you don’t want to take any risk whilst practising. The broker also provides you with copy trading via Multi-Account Management (MAM).

Being ahead of the curve; knowing the timetable of economic releases by way of a calendar, is an absolutely vital aspect to support trading performance. I believe that having access to a thorough, comprehensive and detailed economic calendar, is extremely important. I would always like to check a calendar prior to taking any trade decision.