This makes the firm a good option for active forex traders and scalpers in our opinion. Our testing of Worldtradex also shows a good range of supported base currencies, including EUR and USD, making this broker accessible to global traders – removing potential conversion fees. Yes, we work hard every day to teach day trading, swing trading, options futures, scalping, and all that fun trading stuff.
MT4 is our pick for beginners while MT5 is good for experienced traders thanks to its faster processing and greater breadth of indicators, order types and trading tools. Additionally, the broker charges withdrawal fees which vary depending on the method you choose. Many leading forex brokers we evaluate do not charge at all, so this is a negative, especially for traders who make frequent withdrawals. Our testing shows that Worldtradex offers lower fees than most forex brokers, especially in its premium accounts.
While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market. The security of a cryptocurrency exchange (or, in this case – brokerage) is, undoubtedly, the most important aspect to look into when trying to decide whether or not a particular platform suits you. Now, I’m getting a tad bit ahead of myself, but when you’ll find yourself registering on the site, you’ll have two options to pick from – either the MT5 platform, or the cryptocurrency exchange.
- The key benefits here are access to more than 50 execution routes, as well as powerful trading software like Sterling Trader Pro.
- However, a minimum balance of $2,500 is required to begin trading.
- On pricing, Worldtradex consistently ranks favorably against full-service brokers but faces stronger competition from other discount brokers for lower-volume traders.
- The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
- Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies.
Low Fees
To work with stocks, futures, and bonds, you have to open an MT5 Global account. Worldtradex is a moderate-risk broker with the TU Overall Score of 6.4 out of 10. Forex trading is one of its focuses, with a plethora of currency pairs across major, minor, and exotic trading pairs.
Forex Fees
The verification process typically takes 1-3 business days, depending on the accuracy and completeness of the submitted documents. Verification can help ensure real people are writing the reviews you read on Trustpilot. Labeled Verified, they’re about genuine experiences.Learn more about other https://worldtradex.space/ kinds of reviews. For me it’s strong 10/10, because I’m tired of overcomplicated platforms and this one is exactly what I wanted to find. Companies on Trustpilot can’t offer incentives or pay to hide any reviews. If you leave your account unused over a long period, Worldtradex will charge an inactivity fee.
Deposit and Withdrawals
You can register with the system on the broker’s homepage by clicking the “Apply” button. Note that registration requires you to include your contact information (first and last names, email, and phone), and provide photos of your ID documents for verification. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs.
Simple platform to trade
- The broker does not offer services to the United States or any other jurisdiction where such products or services are not permitted.
- We want the everyday person to get the kind of training in the stock market we would have wanted when we started out.
- Second, the Per Share Plan, which caters to high-volume traders, charges tiered rates per share.
- Our evaluation has shown high-quality order executions with speeds of 50ms, alongside tight spreads from 0.0 pips.
On the other hand, the absence of a search bar on the site is annoying. It seriously complicates navigation, especially if you need to quickly find specific information, such as account terms and conditions or commissions. Instead of simply entering a query, you have to manually search for the right section, which is time-consuming and unnecessarily annoying. Worldtradex is an established Europeanonline discount broker offering its services to clients in more than 130countries since 2016. When it comes to funding methods for new trading accounts, the choices vary depending on which platform a new user wants to trade on. While users on the J2TX platform can only fund their accounts with Ethereum bought via Visa or MasterCard, forex and CFD traders with the broker have more options available.
Typical values are provided, but during high volatility, the spread may exceed these. For those navigating the ebb and flow of market trends, the trend exploration tools become indispensable, offering a lens into the intricacies of market trajectories. Instrument-specific insights delve deeper, offering granular perspectives on particular trading instruments, amplifying clarity in decision-making. Worldtradex’s web platform allows traders to access their accounts directly through a browser, ensuring easy access without software downloads. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements.
Contact us directly for further inquiries about our products and services. Worldtradex is a forex broker located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC). ForexBrokersOnline.com earns money from affiliation deals with our partners.
The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures. Worldtradex offers lower fees than most forex brokers based on our evaluation. The MT5 Global account is particularly competitive, with spreads from 0.0 and a commission up to $2, which is significantly lower than most alternatives. Worldtradex also offers a professional account for high-volume traders with a minimum deposit of $5000. The key benefits here are access to more than 50 execution routes, as well as powerful trading software like Sterling Trader Pro.
The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” Traders also have the option to open Islamic and demo accounts with Worldtradex broker to cater to diverse trading needs. The Islamic account complies with Sharia law by eliminating interest charges, making it suitable for Muslim traders. Meanwhile, the demo account allows new and experienced traders to practice strategies in a risk-free environment using virtual funds. SterlingTrader® Pro – SterlingTrader® Pro is aprofessional-grade trading platform designed for active traders.
Customer Service
Before making financial investment decisions, do consult your financial advisor. Worldtradex minimum deposit is a thing, however – and that minimum deposit is $100. In other words, if you’d like to trade cryptos on this platform, you’re going to have to make a Worldtradex minimum deposit of 100 bucks. That’s simply the reason why, whilst looking at user Worldtradex reviews or the reviews surrounding any other exchange, you should always pay extra-close attention to the security features that it offers. We’ll start off by taking a look at some of the more-positive aspects of the brokerage, and discuss those user Worldtradex reviews that outline the best benefits and features of the platform. Accounts can be opened in a decent choice of currencies which are EUR, USD, RUB.
When you’re ready you can join our chat rooms and access our Next Level training library. Our content is packed with the essential knowledge that’s needed to help you to become a successful trader. Also, we provide you with free options courses that teach you how to implement Worldtradex courses scam our trades as well. If you do not agree with any term of provision of our Terms and Conditions, you should not use our Site, Services, Content or Information.
You can see previous, forecasted and actual results of each economic release. Worldtradex operates as a US deep discount brokerage owned by WhoTrades, Inc., a Russian-owned company since 2015. While Worldtradex advertises 24/7 support, some users have reported occasional delays in response times.
We have a basic stock trading course, swing trading course, 2 day trading courses, 2 options courses, 2 candlesticks courses, and broker courses to help you get started. Each day we have several live streamers showing you the ropes, and talking the community though the action. Our chat rooms will provide you with an opportunity to learn how to trade stocks, options, and futures. You’ll see how other members are doing it, share charts, share ideas and gain knowledge.
We have over 20 years of experience when it comes to trading online so we know what to look for. Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries.