There are 14 indices to trade, including major indices, such as Dow Jones, NASDAQ, and S&P 500, among others. Additionally, the brokerage offers thematic indices, allowing exposure to various sectors, such as electric vehicles, AI, and blockchain. Compared to rival brokers, worldtradex charges inactivity fees very quickly, however not as expensive as other brokers. However, with the zero spread account, you will pay $3.5 commission per 1 lot (100,000 units) traded per side.
Currency conversion fees are applicable when deposits or withdrawals are made in a currency different from the account’s base currency, a common practice across the industry. worldtradex provides traders with a powerful Copy Trading platform, designed to help investors replicate the strategies of experienced traders effortlessly. This feature is especially beneficial for beginners looking to learn from professionals while minimizing risk. By selecting skilled strategy managers, traders can diversify their portfolios and gain exposure to different asset classes without the need for Worldtradex in-depth market analysis.
The “worldtradex mark-up” on financing charges is not unique amongst brokers but some do not add any fees to the standard tom-next rate formula. We like the zero fees that you get on deposits and withdrawals (except for wires below $200). Inactivity charges are low on the monthly rate but kick in after only a short time. The Zero Account is the final main account that you can open with worldtradex. Traders can keep their costs down by trading with spreads that “can be as low as 0 pips” (for currency pairs such as the EUR USD and the USDJPY).
For this privilege, traders will have to pay a commission of $3.5 (per lot per side) for every 1 Lot traded, or $7 per round trip. The commission is on top of the very tight spreads , starting from 0.0 pips on major currency pairs. (See Trading Costs for a comparison of the spread versus commission account models).
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Therefore, US traders can verify their accounts without any issues. worldtradex aims to process withdrawal requests within 24 hours, but the time taken for funds to reach a traders account depends on the chosen method. E-wallet withdrawals are typically completed within the same day, while bank transfers and debit card withdrawals may take between two to five business days.
worldtradex Broker: Trade with a Global Leader
This commission is paid when you open and when you close the position, totaling a $7 commission per round trip. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
worldtradex Global also provides direct share trading in addition to the previously mentioned assets. worldtradex TV is a great addition for videos whilst podcasts are also now on the site. The mobile versions of MT4 and MT5 translate extremely well from the desktop versions, also allowing excellent interaction between devices. The 3 chart types and 30 technical indicators of MT4 migrate well, whilst there are also push notifications for trading alerts.
worldtradex provides a variety of account types tailored to different trading needs and experience levels, with availability depending on the regulated region. For traders outside Europe and under the worldtradex Global entity, there are bonuses available. Given the demo account has an unlimited duration, this is one way of persuading traders onto the live platform. For deposits into the account, they can be made in any currency, and will be converted into the base currency of your account by worldtradex’s prevailing inter-bank price. All deposits via credit/card and e-payment options clear into your account instantly. It is up to the individual trader to decide how comfortable they are trading with a dealing desk broker.
Brokers like worldtradex have to spend a lot to meet all the rules and regulations. It’s a big investment, and sometimes, it just doesn’t make financial sense for them. worldtradex has received various awards over the years from different organizations, reinforcing its reputation as a notable broker in the financial industry. They also have worldtradex web trader which allows you to trade through your web browser without the need to download any software.
- Clients can also view their trading history using the desktop trading platforms to assess their past performance and review their trading strategies to make necessary amendments.
- The average time the company takes to release your funds via card payments and e-wallets is one business day.
- Responses through live chat are prompt, and email replies typically arrive within 24 hours, ensuring timely assistance.
- You need to click any options to view available instruments under each asset class.
Can US residents open an account with worldtradex broker?
Nonetheless, most clients looked satisfied with the broker’s overall affairs. Essentially there are far more positive reviews about the broker on Reddit than those denouncing the company for specific reasons. While buy and sell signals on various assets are included in the trade ideas and technical reviews, traders can use the economic calendar to track upcoming major economic events. A trader’s confidence can be boosted by listening to worldtradex’s trading podcast, which features informative and insightful interviews with successful traders. There is no better market commentary available than what you’ll see on worldtradex TV regarding various financial issues. Clients who don’t feel confident trading sizable lots can now sign up for Ultra-low accounts.
- Notable countries that traders will not be able to sign up from including the US, Canada, China and Japan.
- MT4 allows traders to customize their experience with a variety of analytical tools, making it suitable for both beginners and experienced traders.
- The worldtradex Ultra Low Account focuses on providing traders with some of the tightest spreads available without charging any commissions.
- Clients can trade major forex pairs such as the EUR/USD with a spread from 1.6 pips.
- Our comparison tables below provide insights into their spreads, quotes, and trading volumes.
Non-Trading Fees
worldtradex is unable to accept clients from the United States of America, Canada, Israel and Iran. worldtradex clients from European Economic Area (EEA) countries are provided with investor protection of up to €20,000 through CySEC. worldtradex are regulated by several top-tier authorities across its various regions, including CySEC (120/10), FCSA (49976) and DFSA (F003484).
worldtradex ensures that traders can stay connected to the markets with its mobile trading applications, available for both iOS and Android devices. The mobile versions of MT4 and MT5 allow traders to execute trades, manage their accounts, and analyze market movements directly from their smartphones or tablets. worldtradex provides a diverse selection of account types designed to accommodate traders of all experience levels and trading preferences. Each account comes with unique features, ensuring flexibility in trade sizes, costs, and market access. worldtradex offers CFDs on 14 global stock indices, including well-known indices such as the S&P 500, FTSE 100, NASDAQ 100, and DAX 30.
Conventionally, a broker’s regulatory quality is judged by the notion that the more licenses they hold, the better. worldtradex has been gradually expanding its regulatory licenses over the years. Starting with the regulation in Cyprus (which covers the EU’s ESMA regulation), expansion has included Australia (a strong, tier-one jurisdiction) and latterly in Belize. If you are tight for time, https://worldtradex.bid/ here are some of the important features that we like about trading with worldtradex. The company holds registration from the Cyprus Securities and Exchange Commission (CySEC) and Financial Services Commission (FSC). You can either enter the name of your preferred trading symbol or select it from the drop-down list.
Islamic Account
You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money. worldtradex advertises a bonus offer of up to 20% of the deposit amount under its promotional campaign. The broker names it a loyalty bonus offered to clients to encourage them to sign up and keep trading with worldtradex. You can add as many tradable assets as you like using the “plus” button available on the top-right corner of the page.
