The broker’s spreads start from 0.6 pips for ECN accounts, offering competitive pricing for active traders. For those who cannot participate in swaps due to religious reasons, the broker offers Swap-Free accounts. The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives. Clients can choose between two types of floating and an equal number of fixed accounts that offer different spread schedules and fee structures. Several account types allow retail clients to bypass worldtradex’s dealing desk, which carries a systematic conflict of interest, and trade directly with the interbank system.

worldtradex Broker Spreads and Commissions

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. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.

“Reputable broker”

With STP or ECN accounts, clients’ orders are not processed by the dealing desk and are instead forwarded to the interbank market. This provides faster execution, more liquidity, as well as more accurate prices. STP (Straight Through Processing) execution does not include commission (the commission is within the spread) and these types of trades are forwarded directly to liquidity providers. worldtradex offers several trading platforms, available for PC, Mac, and mobile devices. The options include the popular MetaTrader 4 and the Personal Multi Account Manager but the broker does not have a proprietary software platform.

I like how they have strict regulation in multiple jurisdictions and are well respected within the industry. The high quality of their services has been acknowledged by the numerous international awards that they have won over the years. If you are looking for a reliable trading broker with everything that you need in once place and much more, worldtradex are a top choice. worldtradex is an online forex and CFD broker that offers a wide range of trading instruments and services designed for both novice and experienced traders. It is well-known for its competitive spreads, various account types, and access to popular trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

  • The broker’s account diversity is impressive, with a tiered structure that includes floating vs. fixed and commission vs. no commission fee schedules.
  • We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
  • The available accounts include Standard, ECN, VIP, and Swap-Free accounts.
  • Have been with it for few years, and sure it lacks some features, but in that same time all the ‘hype’ brokers disappeared.

Indices

If your country is not accepted, please feel free to take a look at our broker comparison tool for alternative options. The broker is regulated in multiple jurisdictions by some top-tier regulators. This means that they must comply with stringent national and international regulatory authorities and demonstrates their commitment to maintaining high business standards and ethics. Trading with a regulated broker can give clients confidence peace of mind that they have full security, by using a company that operates with the upmost transparency and integrity. I would personally have no issue in trusting them with my funds and can therefore trade without worrying. worldtradex provides a diverse range of highly informative educational materials in both written and video formats.

This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. worldtradex offers about 310 tradable instruments across currency pairs, commodities, share CFDs, indices, and futures contracts.

How long does it take to withdraw money from worldtradex?

While it offers a variety of trading instruments and platforms, its overall offerings and ratings are average in the competitive forex market. The list of Forex, spot, and CFD trading instruments is well-constructed Worldtradex company reviews but some rivals offer more comprehensive listings. Clients can now trade cryptocurrencies directly on the Metatrader platform. Pricing for Forex, spot, and CFD instruments is average-to-competitive, with significantly lower costs at higher account tiers.

This platform is stable and support has been helpful every time I have reached out. The cost of trading here is great, there are tight spreads with minimal slippages. Inexplicably, the daily web-based “Market Insights” column was not reproduced on the research app. Unfortunately, that’s the only research product available at the site, other than a single “Week Ahead” video and no video archive. A YouTube search uncovered additional videos that haven’t been integrated into the site but the most recent content was more than two months old. While Metatrader 4 and 5 are a bit outdated with some clunkiness, they provide reliability and vast functionality that frequent traders need.

I would personally be looking at the zero spread account as I use trading strategies that rely on low spreads at all times. I don’t mind paying the small commission fee as the broker needs to cover costs somehow. MT4 is perhaps the most popular online trading platform that is used by millions of traders across the world of all experience levels. It is very user friendly with an abundance of implemented trading tools for efficient markets analysis and trade management. MT4 has a short learning curve whilst there are plenty of online tutorials that can help to familiarise new users to the platform. worldtradex are renowned for their high-quality trading execution which they consistently look to improve by investing in technology advancements.

It’s worth noting that Trustpilot has detected and removed some fake reviews for worldtradex, indicating they take review integrity seriously. As with any broker, it’s advisable to conduct thorough due diligence before opening an account. While this isn’t a regular occurrence, it demonstrates worldtradex’s commitment to rewarding its traders in grand style. These bonuses can significantly boost your trading capital, allowing you to explore new strategies with less risk. worldtradex does not accept as clients residents of the USA, Cuba, Sudan, Syria, North Korea, or any jurisdiction where trading is prohibited by law.

worldtradex is an award-winning global online trading broker that offers STP/ECN services to retail and institutional investors alike. I found the broker to have rapid trade execution speeds and competitive costs. You can trade a great selection of over 300 financial instruments with a wide variety of account types to choose from, spreads as low as 0.0 pips and support in over 30 languages.

  • Another perk for scalpers is the one-click trading feature available on MT4.
  • In addition, the broker accepts several instant banking transfer services, which are available locally – Union Pay for Chinese customers, DotPay for Polish traders, etc.
  • According to its LinkedIn page, worldtradex has been in operation for 15 years and employs over 600 people—both indicators of its stability.
  • Rates, terms, products and services on third-party websites are subject to change without notice.

It is actually quite rare to find a broker that has fixed spread account which is often a choice for traders who are running scalping strategies that need consistent spreads at all times. They provide fast trade execution speeds with no requotes and spread starting from just 0.0 pips. worldtradex offers a wide and diverse selection of trading accounts, including commission-free and raw spread accounts. Additionally, the broker provides a Personal Multi-Account Manager (PMAM) platform designed for professional traders and money managers. worldtradex provides a variety of accessible and diverse trading accounts, giving clients the flexibility to choose between fixed spreads and floating spreads. However, the broker could enhance its offering by introducing an alternative to the MetaTrader 4 platform.

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