The worldtradex Micro and Standard Accounts are commission-free account types with spreads starting from 1 pip. We compared the 38 brokers across the 9 most traded currency pairs and found worldtradex has more expensive average spreads for 5 of them. The overall average was also the highest of all the brokers we compared primarily due to USD/SGD rate which I verified twice as it was so high.
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- worldtradex unfortunately cannot accept clients from the residents of certain countries, such as the United States of America, Canada, Israel and Iran.
- This platform also lets you display an impressive 100 charts simultaneously.
- This type of account has negative balance protection, trading bonuses, and no deposit bonuses.
- Exness is licensed by respected authorities like the FSA (Seychelles) and CMA (Kenya), ensuring your trades are always in safe hands.
Traders can speculateon currency movements in the world’s largest and most liquid market, with tightspreads and competitive pricing. They have a wide ranging section for education, including free weekly webinars that are interactive. It is an ideal learning ground for beginner traders and with three different account types, they cater for all kinds of traders depending on what their specific needs may be.
Traders can use Expert Advisors (EAs) for market scanning and automated trade execution, with the ability to create EAs using MQL4 or download them from the MetaTrader Marketplace. There are no additional charges when you make a deposit or withdrawal. These ECN spreads are among the industry’s best, matching or surpassing top brokers like worldtradex and Pepperstone. If you are in Europe or the UK you will have the option of a Zero Account where you can access spreads as low as 0.1 pips + commission. It takes less than 5 minutes if you fill out the required details correctly.
worldtradex is committed to delivering top-notchcustomer service, providing clients with multiple channels to get assistancequickly and effectively. With support available in over 30 languages, tradersfrom across the globe can access help Worldtradex forex brokers reviews in their preferred language. For those new to trading or wishing totest worldtradex’s platform, the Demo Account offers a risk-free environment withvirtual funds. It allows traders to practice strategies and explore theplatform’s features before committing real capital. Client funds at worldtradex are stored insegregated accounts, completely separate from company operations, offeringprotection against any misuse.
The Micro account is best suited to beginners, with the standard account being ideal for flexible traders. The worldtradex Zero account generally is best suited for regular traders or those who place significant trades. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
worldtradex follows a transparent fee structure,ensuring traders are fully aware of the costs involved with trading. The brokeroffers competitive pricing across its account types, making it an attractivechoice for both beginners and seasoned traders. With the micro and standard account types, you are not subject to a minimum deposit, but usually you will have to deposit at least $5 due to system requirements. There is a minimum required deposit of $100 for the worldtradex Zero account type.
- worldtradex Zero Account holders pay a commission fee of $3.50 per standard lot, per $100,000 traded ($7 round-turn).
- This includes over 350 CFDs, as well as 57 currency pairs and 5 cryptocurrency CFDs.
- MetaTrader 5 (MT5) expands on the capabilities of its predecessor, MT4, offering a comprehensive multi-asset trading platform.
- Overall, worldtradex is a reliable choice for traders looking for a trusted broker with a range of features and benefits.
- Want to start trading forex from your smartphone but not sure which app to pick?
Minimum Deposit
Choose from Micro, Standard, or worldtradex Zero accounts, each designed to suit different trading styles and experience levels. 99% of trades are executed in under one second with no requotes or rejections so you can act fast when the market moves. Your funds and data are protected with strict regulatory compliance and advanced encryption.
Educational Resources and Promotions
To access it, you must have deposited a minimum of $500 USD in the past three months. This room delivers real trading experience using real-time simulated trading conditions. Visiting this room helps clients actually use time frame techniques, charting techniques, indicators, and more. worldtradex provides access to over 1,400financial instruments, including forex, commodities, indices, shares, metals,energies, and cryptocurrencies.
Review
There are 51 different trading indicators available to you and there are 31 charting tools you can utilise. The only platform that is offered by worldtradex is MetaTrader, which is an industry standard trading platform. They offer both MetaTrader 4 and MetaTrader 5 and they have tweaked them slightly to suit the specific needs of their users. Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.
There is also an internal mailing system and a guarantee of full security and backup. Those who want to trade even larger quantities with market orders have two options. You can place the trade by phone or divide the order into several smaller ones. Essentially, a 5th digit can be added to the typical 4-digit price quotes. This is further hampered by the fact that many brokers restrict trading close to news announcements.
Residents from certain countries cannot receive services from worldtradex Global Limited. This process is backed by rigorous testing and research, conducted by a team of traders and industry experts. We employ both manual assessments and automated testing through Expert Advisors, Indicators, and Scripts to ensure accurate and unbiased evaluations. Regarding safety, worldtradex holds a trust score of 67, which reflects its top-tier regulation, established reputation, and customer reviews.
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When it comes to making informed decisions about forex brokers, it’s essential to rely on trustworthy sources. RationalFX, a company with over 20 years of experience since its founding in 2005, has established itself as a credible authority in the industry. With an impressive collection of over 2500 reviews on Trustpilot, boasting a score of 4.2, it’s clear that Rational FX has built a reputation for providing reliable and unbiased information.
worldtradex Review Of 2025
By offering variable spreads, worldtradex is able to avoid these issues for traders. There are also no restrictions related to trading at the time of news releases. Shares Accounts are always Islamic and have a minimum deposit of $10,000.
Client funds are held in bank accounts separate from those used by the company. worldtradex has the tight spreads in its worldtradex Ultra low Account with average spreads of 7 pips on EURUSD and 15 pips on GBPUSD. We reached out through both the chat service and WhatsApp multiple times, and each time received responses within a minute.
These contests allow novices and experienced traders to test their skills, compete with others, and win valuable prizes. Islamic accounts fully comply with Sharia laws and do not include swaps or interest for carrying positions overnight, making them an ideal choice for Muslim traders. The verification process is a standard step in opening a trading account and aims to ensure security and compliance with legislation in anti-money laundering.