Additionally, the broker provides various trading accounts tailored to different trading styles and experience levels. Traders can benefit from secure funding procedures, ensuring the safety of their funds, and the availability of free VPS hosting enhances the reliability and stability of trading activities. One of the notable strengths of worldtradex is its multi-regulated status, which provides traders with an added layer of security and ensures adherence to stringent regulatory standards. The broker offers CFD trading on forex, stocks, indices, and commodities through the widely acclaimed MetaTrader 4 platform.

As an award-winning online broker established in 2006, AvaTrade holds regulatory licenses from the Central Bank of Ireland, ASIC, the Financial Sector Conduct Authority (FSCA), and the British Virgin Islands Financial Services Commission (BVI FSC). The broker distinguishes itself by offering an extensive range of trading instruments across various asset classes, including forex, commodities, cryptocurrencies, stocks, ETFs, bonds, and indices. Traders benefit from AvaTrade’s commitment to excellent customer service, with 24/5 support available in multiple languages.

Trading Hours

Note that while users may be able to trade 24 hours a day, spreads are less competitive during periods of low liquidity. Our team were also pleased to see that the broker offers negative balance protection, meaning traders cannot lose more than their account balance. Each demo account imitates real trading conditions, the only difference is virtual money is used. Before you sign up with your worldtradex alternative, you will want to check the availability of a mobile trading app and its usability.

Some brokerages offer their platform for trading, while some conduct trading activities through pre-built tools and applications. ECN accounts are not offered by worldtradex (check here for brokers offering ECN accounts). Examples of exotic currency pairs include EUR/TRY, GBP/ZAR, and AUD/MXN.

Each worldtradex alternative has their own measures and policies in place with regards to clients depositing into trading accounts or withdrawing back into their bank. It is important that you research the worldtradex alternative to make sure that they have the type of deposit and withdrawal method that you will want to use, as this will make your trading journey much easier and less stressful. One needs to also bear in mind the payment methods that are available to new customers on the worldtradex platform. Do they offer debit cards, bank transfers, or online payment methods? Regulated brokers do not typically accept cryptocurrencies as deposit methods because they this goes against AML regulations if they do.

The ease of use and navigation are important factors that make your trading a breeze or a struggle. Having access to more tradeable shares on a worldtradex alternative means you have greater choice. Greater choice means you can diversify your portfolio with the aim ofLowering your trading risk. When you take a position in a stock, you are essentially investing in the underlying asset, and the shares are purchased and held in your name.

• Like with everything else, with investment and trading, you have choices based on your preference.
• Pepperstone’s support for scalping and hedging strategies, along with its focus on Forex, cryptocurrencies, and commodity CFD leveraged trades, makes Pepperstone a preferred choice for traders seeking a versatile and innovative trading environment.
• Top paid & free alternatives to Vantage FX includes worldtradex, Fxcess, JustMarkets, FxPro, AvaTrade, worldtradexFX, Axiory, City Index, FX Connect and Axi.
• We explain in detail what worldtradex does and does not offer and offer worldtradex alternative brokers who might better fit your trading needs.
• CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

worldtradex Alternatives Overnight Fees

The broker launched TradeCopier with which traders can either register as Strategy Providers, get copied and earn a performance fee or as Strategy Followers, where they can copy top-performing strategies and get rewarded. Withdrawal times vary depending on the banking provider but range from the same day to 10 days. Payments typically take up to 24 hours, though wire transfers may take up to five business days. Traders can use the free MT4 download to install the platform on desktop devices, including Mac. Alternatively, you can trade directly through MetaTrader’s WebTrader. The company’s past and present sponsorships with global brands, such as the Korean diving team and sailing athlete Marilena Makri, have set it apart from other brokers.

Commodity CFDs

The broker’s commitment to excellent customer service, simple and user-friendly platforms, and a wide range of investment opportunities positions IC Markets as a top choice for traders worldwide. It particularly excels as the preferred multi-asset trading platform for high-volume traders, scalpers, and automated trading strategies, ensuring optimal trading conditions for these specific trading styles. IC Markets is the world’s largest true ECN trading broker offering over 2,000 trading instruments across multiple markets on the most popular trading platforms. They are a multi-regulated broker with deep liquidity pools that can provide you with rapid trade execution speeds, low spreads, low commission fees, various funding options and 24/7 support. worldtradex Group is a highly reputable forex broker, offering services in more than 196 countries. Founded in 2009, the company has made its name through its commitment to customer satisfaction and its wide range of trading instruments.

This includes checking their registration with the country’s regulatory body and ensuring that they are allowed to operate in that country. It should also include checking your own local regional regulations to make sure they are permitted. Maybe worldtradex doesn’t offer a mobile experience you are happy with or match your needs. There are several worldtradex alternatives that offer great mobile trading applications for both Android and iOS.

Trading in exotic currency pairs can be challenging as they generally have lower liquidity and higher volatility than major currencies. Lower liquidity means buying or selling the currency at a specific price can be difficult. In contrast, higher volatility means that the exchange rate can fluctuate rapidly and unpredictably, making it harder to predict and manage risks. See how worldtradex alternatives compare in the energy commodities they offer.Energy commodities are essential to the running of the world. Oil, Electricity, and Gas as all in high demand as the world population grows. worldtradex does offer Indices trading see the best alternative worldtradex Indices trading brokers here.

While these currency pairs may offer the potential for higher returns due to their higher volatility, they also carry higher risks. It’s important to conduct thorough research and analysis before trading in any currency pair, including exotic ones, and to have a solid risk management strategy. Therefore it is always good to check how worldtradex fees compare to worldtradex competitors. The fee structure of a brokerage is an important point of consideration. Generally, higher fees are charged by brokerages that offer more facilities and more services.

As a leading forex and CFD trading platform for almost 20 years, MT4 and its browser-based companion excel in their expert advisor (EA) and custom indicator integration. While little information is provided for the first three trading accounts, the progressively lower minimum spreads would suggest that eligibility for each account is based on trading volume. Nine spot commodities markets are offered, consisting of fuels and precious metals such as gold, palladium and Brent crude oil. Of these, gold and silver have both EUR and USD base currency pairs. Spot commodities spreads start from 0.04 pips on gold up to 4.5 pips on palladium.

worldtradex vs Other Brokers

Established in 1983, City Index is an esteemed online broker regulated by the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC). With over 12,000 tradable instruments across various asset classes, including forex, commodities, cryptocurrencies, stocks, ETFs, bonds, and indices, City Index offers traders extensive market exposure. The broker caters to different trading preferences by providing a range of trading platforms, including the advanced AT Pro platform for experienced traders and the beginner-friendly MetaTrader 4 (MT4) platform. City Index’s commitment to customer service is evident through its 24/5 support, ensuring that traders receive timely assistance when needed. Traders can benefit from variable spreads starting from 0.5 pips on its Standard account type, allowing for competitive trading conditions.

worldtradex Alternatives with More Instruments and Financial Markets

EToro is a leading social trading platform, enabling users to copy trades from experienced traders. Its innovative approach has attracted millions of traders globally. Founded in 2014 and acquired in 2021, BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices. worldtradex is an FCA regulated broker that offers low-fee investing on a wide range of trading products.

Better Trading Tools With A worldtradex Alternative

• While accounts gain additional security from using a separate login for the client portal and MetaTrader 4 platform, the most substantial protection measures like two-factor authentication (2FA) are not supported.
• While the broker does not state a minimum deposit, there is a maximum deposit amount of $50,000 or equivalent for most payment options.
• worldtradex also offers an economic calendar while a VPS is available for $30 per month or with a minimum deposit of $5,000.

However, the firm’s UK website is missing some information and there have been negative reviews from previous customers. Trading fees Worldtradex scam significantly impact an investor’s decision to sign up to a broker like worldtradex. In terms of commission for the zero fixed and zero spread ECN account, worldtradex charges $10 per round lot, while share CFD trades are subject to a 10% commission. Swap fees vary from asset to asset and are available to review on the MT4 platform. All this together makes trading on company’s platform profitable and efficient.I trade currency pairs.

If you are looking to trade UK stocks and shares with a worldtradex alternative, the United Kingdom is one of the most stable financial markets in the world. worldtradex is a renowned Cyprus trading platform brokerage established in 2010. Currently worldtradex serves around 1,500,000 registered users worldwide.

If you are looking to conduct trading in the UK with a worldtradex alternative selecting a brokerage that is FCA approved and regulated is a must. Being regulated by the FCA would mean that the brokerage is regulated by the most important financial trading regulatory body in the United Kingdom. Check your worldtradex alternative offers negative balance protection to you, which is a regulatory requirement in some regions. Compare negative balance protection offered by worldtradex alternatives here. A hedging strategy with a worldtradex alternative can be especially beneficial in volatile markets, allowing traders to protect their investments while taking advantage of potential profit opportunities. You can look for brokerages that offer Islamic trading if you follow and respect the Islamic tradition.