A newsletter built for market enthusiasts by market enthusiasts. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes. Ryan Peterson is a seasoned personal finance writer with a Bachelor’s Degree in Business from Indiana University. As for my experience of cooperation with this company, then everything is ok. calm trading and nothing else. Depending on the scope of your trading and the assets you plan on trading, Worldtradex might not meet your needs. This is especially true if you plan on trading physical cryptocurrencies or any of the commodities traded through CFDs.

Deposits and Withdrawals

• For more detailed information, you can visit the Worldtradex website.
• Like, they dont lure you in with leverage, dont create 15 account types.
• People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
• Below, we will explore these fees in more detail, helping traders understand how they might impact overall profitability.
• The three chart types MT4 offers are far behind newer alternatives such as TradingView, and the 9 time frames from 1 minute to 1 month have also been surpassed by many other platforms.

These resources cater to both beginner and experienced traders, offering valuable insights into market trends and strategies. While the broker does not boast an extensive educational library, it offers enough material to assist traders in improving their technical and fundamental analysis skills. Additionally, the broker provides several specialized accounts, including demo accounts for practice trading, Islamic accounts adhering to Sharia principles, and managed accounts for those preferring expert guidance. Whether you are a beginner looking for a low-cost entry into the forex market or a professional trader seeking competitive conditions, Worldtradex’s ECN XL account provides a solid, flexible option.

Customer Reviews

Worldtradex employs an electronic communications network/straight-through processing (ECN/STP) model, so you get tight forex dealing spreads from top Interbank liquidity providers. Ordinarily, we prefer to see a choice between a commission-free account (geared towards beginners) and one with raw spreads and low commissions (geared towards advanced traders). However, Worldtradex has outdone many competitors by offering the kind of tight spreads you’d expect from ECN accounts without charging a commission.

• Scalping, algo trading, swing trading the broker doesn’t restrict you.
• The details of the spread structure are elaborated in the next section.
• Our partners cannot influence our reviews, nor can they pay us to bias our rankings.

Worldtradex Customer Service

They provide a wide range of educational resources to enhance the trading skills and market knowledge of their clients, catering to all experience levels. For traders who utilize automated trading strategies, Worldtradex offers a VPS Sponsorship Program. This program provides access to high-speed servers and uninterrupted trading through Virtual Private Server (VPS) hosting.

Worldtradex Demo Account

This bonus is designed to give new traders an extra boost as they start their trading journey, allowing them to explore more trading opportunities without risking additional capital. The Welcome Bonus is subject to specific terms and conditions, including minimum deposit requirements and trading volume targets. On the negative side, there is a slim selection of trading platforms with access to MetaTrader 4 (MT4) only. Our team is also disappointed by the withdrawal fees and weak regulatory oversight through the offshore branch.

Or I can risk the same, but now I am risking much less of my own funds👍👌What’s great here is education as well, actually a lot of it, and you can see how comprehensive it is! I have improved a lot, and I can give credit to high quality. I know that the majority of traders don’t like big leverages, but I love it. Theres hugue adnvantage in trading in this brokers platform. Your effectively trading forex produkts for free, and this given me alot of motivation.

This is because, both beginners and experts, find the website useful. Worldtradex hosts seasonal promotions that coincide with major holidays, trading events, and market milestones. These promotions may include holiday bonuses, trading contests, and cashback rewards, providing traders with opportunities to earn extra rewards based on their trading activity during specific periods. Seasonal promotions are time-limited, encouraging Worldtradex forex broker traders to engage actively and take advantage of the enhanced offers.

While these are all leading regulatory bodies, our Worldtradex review experts highly suggest registering with one of our recommended and trusted online forex brokers instead. Worldtradex has taken undeviating steps to segregate accounts and the offering of investor compensation schemes as measures to protect the client funds. The reliability of the firm and the reputation of the Forex market is much enhanced by these steps. Worldtradex comes with MetaTrader 4 (MT4), which is well-known and liked by a majority of global traders.

Worldtradex enhances the mobile trading experience by offering the MT4 and MT5 applications, compatible with iPhone, iPad, and Android devices, ideally suited for day traders. One of these platforms’ biggest advantages are their support for automated trading via Expert Advisors (EAs), which have long been favored by algorithmic traders and which we feel are yet to be surpassed. Still, Worldtradex has done well by providing an attractive, affordable and simple account option for day traders who will appreciate having no trading restrictions or minimum deposit requirements. Worldtradex operates on a spread-only model, with spreads starting as low as 0 on major currency pairs.

It also maintains a blog where it publishes market-related content, but the Forex News section does show wide gaps between its posts. With such a useful market analysis, we would love to see the section expanded to other pairs. Worldtradex offers traders the core MT4 trading platform without third-party upgrades. With no minimum deposit, high leverage, and low trading costs, Worldtradex is ideal for beginner traders and demanding seasoned ones alike. Tight dealing spreads lower your overall trading costs and can significantly improve your trading results, especially if you are an active trader.

Execution is faster than the speed of falling comets during shooting stars season, thank you guys for that. Spreads are slightly higher on alternative products, while the withdrawal fee and inactivity penalty lower its fee rating somewhat. This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage. That said, the bonus could not be withdrawn, and if your account balance reaches below 50% of the available bonus credit, the amount will be removed. This is essentially free credit that can be used for trading purposes, and I was pleased on this occasion that there were no minimum trading https://worldtradex.world/ requirements. I only really missed having PayPal available since this industry leader is one of the most widely used e-wallets and is accepted by rivals, including XTB and IG.

The simple fact that Worldtradex has been providing its services since 2010 continually tells a lot about the credibility of the company.I used to pay attention to the background of any entity first. Specifically if it’s the financial company where my money is involved. I have to double check and make sure everything is clear and legal.With Worldtradex no questions arise in this matter.

The raw spreads and zero commission policy make it cost-effective for this trading style. Trading via MT4 is smooth, and execution is fast with minimal slippage. 💰 The 100% deposit bonus is a nice boost, especially for smaller accounts.

The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which Worldtradex transparently displays on its website. Worldtradex deploys an ECN/STP execution model and does not manipulate quotes. In addition to access to daily market analysis and market education resources, you can get a 100% first deposit bonus of up to $2,000 when you open an Worldtradex XL account. If you want to check out this broker’s services and trading platform, just open a free demo account with no minimum deposit.