Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. VIP members benefit from even better conditions – for instance, the spreads are tighter, around 1.4. However, this type of account is offered only to traders who make deposits of $10,000 or more and have the US dollar (USD) as their base account currency. worldtradex offers CFDs on popular indices, including DAX, S&P 500, Nasdaq, Dow Jones, Euro Stoxx 50, FTSE 100, France CAC40, and many more.

It consists of actionable trading signals, a robust market sentiment gauge, detailed market breakdowns, and more. The broker should consider releasing metatrader 5 platform to provide us with more charting and analytical tools more advanced. CFDs on indices give traders exposure to the global markets and great opportunities to profit from some of the most popular indices in the US, UK, Germany, China, etc. Indices represent the collective value of underlying publicly-traded companies. The FAQ section answers the most common question, and live chat is available with fast response times for basic questions. Traders have eight account options at worldtradex, where the minimum deposit is $0 for most.

With more than $3 trillion traded daily, the foreign exchange market or Forex is the largest financial market and the most popular option for retail traders. Trading is conducted 24 hours a day, except during the weekends, offering great flexibility to traders. Due to the high volume, liquidity, and leveraged positions, Forex provides great speculative opportunities and is preferred by many traders. Processing times depend on the geographic location and the payment processors, which worldtradex lists as between one and ten business days.

What instruments does worldtradex offer?

Our website is focused on major segments in financial markets – stocks, currencies and commodities, and interactive in-depth explanation of key economic events and indicators. The payment method also comes with the PMA token, which is the means of value in the PumaPay system and works like most cryptocurrencies. worldtradex accepts traders resident in most countries except the USA, Iran, Cuba, Sudan, Syria, and North Korea. worldtradex has traders from 180 countries, making it one of the most accessible brokers. worldtradex is a multi-regulated broker, and account verification is mandatory. Most traders will pass verification after submitting a copy of their ID and one proof of residency document.

I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. The worldtradex group presents clients with two regulated trading entities and maintains a secure trading environment. There may be fees charged when using certain payment methods but I generally found them to be negligible. Of course, if you are moving large amounts then you might notice more of a difference. Trading accounts can be opened in a generous range of currencies which are USD, EUR, GBP, AUD, JPY, BTC, PLN and CZK.

• They take a customer focused approach and are committed to providing the highest standard of services with full transparency to clients.
• The minimum deposit at worldtradex is $50 for most accounts, except for the Zero Spread option, which requires $500.
• This allows traders to leverage the expertise of successful traders or share their own strategies with others.
• With an average rating for commissions and fees, worldtradex provides a standard cost structure without significant advantages.
• worldtradex operates under the regulation of several financial authorities, offering a high level of security and protection for traders.
• The worldtradex group has 10+ years of experience more than 1,5M clients worldwide and offers negative balance protection.

Digital wallets or e-wallets are fast, secure, and convenient methods to send and receive electronic payments. worldtradex accepts several different e-wallets such as the widely popular Neteller and Skrill, as well as FasaPay, a Malaysian e-wallet that is accepted by various FX brokers. In addition, the broker accepts several instant banking transfer services, which are available locally – Union Pay for Chinese customers, DotPay for Polish traders, etc. Traders can deposit funds into their accounts via a wide range of payment methods, including traditional options such as bank wire and credit/debit cards. While credit card deposits are usually instant, transfers via bank wire may take up to 3 working days to appear in the trading account of the client.

Are worldtradex’s Fees Competitive?

They take a customer focused approach and are committed to providing the highest standard of services with full transparency to clients. These account types are perfect for traders who don’t want to pay commission on thier trades. Clients must contact the broker’s customer support to request further assistance.

While the broker faces some customer service complaints and issues with withdrawal processing times, it remains a reputable choice for traders. For beginners looking for a reliable and flexible broker, worldtradex offers a range of features to get started. worldtradex is a relatively small FX and CFD broker but it offers its clients access Worldtradex to global markets, various trading instruments, and average spreads. It is licensed by some of the largest and most respected regulatory bodies in the world and it does offer trader fund protection. It also allows multiple account management and free VPS hosting to those who deposit at least $5,000.

Payment Methods

Well-documented account subheadings outline fee schedules and side-by-side comparisons for floating vs. fixed, commission vs. no commission, and dealing desk vs. direct interbank trading. All withdrawals incur fees that vary among credit cards, electronic tellers, and bank transfers/locations. The same platform is also available for mobile devices and it can be downloaded for free from the App Store or Google Play. For instance, it has 3 types of charts, namely bars, Japanese candlesticks, and broken line, but it features only 30 of the most popular technical indicators. The broker offers CFDs on several commodities, including Brent Crude and West Texas Intermediate (WTI) oil.

Special Features

• Anyway, I think with the variety that offer in many trading aspects, it makes them a good choice for any trader.
• Our independence from brokers and the companies we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria.
• In our reviews, we examine the licenses and regulations of each entity operated by a broker, allowing us to compare their different levels of protection.
• Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets.
• worldtradex broker received a 4.4 rating from over 280 reviews on Reviews.io website.

I like the trading environment at worldtradex in the Absolute Zero account due to its competitive trading fees. worldtradex is an ideal broker for Forex traders due to its above-average choice of currency pairs. The well-structured trading environment and dedicated customer support team, make it a great broker to register with. If you prefer a fixed spread for your trading strategy then you could consider a no commission account. These tend to have higher marked up spreads but you do not pay a commission on trades.

worldtradex processes payments in multiple currencies via bank wire, credit and debit cards, and e-wallets. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team. Have been with it for few years, and sure it lacks some features, but in that same time all the ‘hype’ brokers disappeared. Broker research materials have been neglected, generating the biggest black mark in our review. The free worldtradex Research app allows clients to look at stock market data, financial viewpoints, and videos in an easy-to-use format.

Opening an Account

By providing these free, easy-to-digest educational materials, worldtradex aims to empower traders with the knowledge they need to navigate the financial markets confidently. worldtradex offers an innovative copy trading solution through its TradeCopier platform. This allows traders to leverage the expertise of successful traders or share their own strategies with others. worldtradex provides traders with the MetaTrader 4 trading platform on various devices, including Android, iOS, Desktop, and Mac. This platform is also available on web browsers for traders who prefer not to download external apps.

Brokers by Country

With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices. 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. TradingPedia.com will not be held liable for the loss of money or any damage caused from relying on the information on this site. Trading forex, stocks and commodities on margin carries a high level of risk and may not be suitable for all investors.

A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.

A comprehensive FAQ addresses most inquiries while tutorials on trading platforms shorten relatively steep learning curves. Email address and phone numbers are provided for satellite offices in Cyprus, South Africa, and Australia, allowing local contact. Or international phone number, forcing potential charges for calls made to Cyprus or other satellite offices. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

It also offers a variety of trading accounts, most of which have no minimum deposit requirement, and provides excellent conditions for copy trading. worldtradex enables commission-free trading; however, I found that spreads on some popular instruments exceed the industry average. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.

The secure worldtradex back office handles all financial transactions for verified clients. worldtradex received numerous awards for various aspects of its competitive trading environment. Notesco Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC).