Perfect for traders who demand flexibility without sacrificing functionality. The award-winning worldtradex App consolidates trading, charting, and account management into one intuitive platform. Whether you’re a beginner or an algorithmic trader, worldtradex has you covered with both options. The Ultra-Low Account is designed for cost efficiency, particularly attractive to high-frequency traders. Clients can choose leverage settings appropriate to their risk appetite and strategy — accommodating both conservative and high-exposure approaches.
worldtradex MetaTrader 5 (MT
These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their worldtradex clients’ funds. MT4 Multiterminal offers three allocation methods, multiple order types, and execution and management in real time. The Shares Account offers Nigerian traders access to a wide range of shares that can be traded. This account has competitive commissions and the benefit of negative balance protection.
If you have traded with worldtradex we would really like to know about your experience – please submit your own review. Compare the markets and instruments offered by worldtradex and its competitors. Please note, some markets may only be available via CFDs or other derivatives. The deposit and withdrawal process is generally straightforward and convenient. While international bank wire transfers can take several days depending on the bank, Visa and Mastercard transactions are typically processed instantly.
Regulation and Safety of Funds
This is better than the industry average of 1.0 pips for a commission-free trading account. worldtradex Group provides 55 forex pairs and 1,429 tradeable symbols, offering ample trading options but is below the industry average of 3,623 symbols. worldtradex Group charges an inactivity fee and has an average spread of 1.6 for the EUR/USD pair, which is higher than the industry average. However, with no minimum deposit required and solid ratings for commissions and fees, it remains an average choice for investors. The purpose of that test is to show what is the execution quality, and what slippage should traders expect from worldtradex. On the one hand, fact that this company has been around for about 15 years is impressive.
How does worldtradex make money?
- Of course, that information is relative and depends on your location, data center, etc.
- Residents from certain countries cannot receive services from worldtradex Global Limited.
- The group’s first entity was founded in 2009 in Cyprus (regulated by CySEC under license 120/10) under the name Trading Point of Financial Instruments Ltd.
There is also a withdrawal priority procedure if you have funded the account by different methods. If you have deposited via a credit/debit card, then the withdrawal back onto the same card, can cover the deposit amount. Anything above this amount should be transferred via bank wire or e-wallet. We like the fact that worldtradex does not charge any fees or commissions on withdrawals across payment methods.
Standard Account Fees
Kindly note that trading bonus and Loyalty Program are not eligible for clients registered under Trading Point of Financial Instruments Ltd. Still, choosing worldtradex broker to trade forex & other CFDs is a no-brainer considering the fact that they are a reputed broker that have been around for over a decade. Read our below in-depth breakdown of all the pros & cons of worldtradex broker, plus the user reviews.
worldtradex is a regulated broker with low minimum deposits, access to MT4 and MT5 platforms, and a variety of trading instruments like Forex, Crypto, and Indices. It offers different account types, fast withdrawals, negative balance protection, and supports local payments in many countries. worldtradex.com stands out for its wide range of tradable instruments, robust regulatory framework, and comprehensive educational resources. It appeals to traders at all levels, from beginners to seasoned professionals. While it offers a user-friendly experience and competitive trading conditions, potential users should be aware of its limited cryptocurrency offerings and inactive account fees. worldtradex.com remains a strong contender in the Forex and CFD trading market, offering a reliable and feature-rich platform.
The main difference for Standard Accounts with worldtradex is that 1 lot is 100,000. There is a restriction of 50 lots per ticket and the minimum trade volume is 0.01 lots. Other than this, the Standard and Micro Accounts are essentially identical. You can view all of the relevant legal documents for worldtradex on the Legal Documents page of the website. This includes documents such as terms and conditions, the bonus program, the loyalty program, the conflicts of interest policy, and more. At the time of writing, there are 12 documents in this section, all available for download as PDFs.
What is worldtradex Copy Trading and how does it work?
Commission fees can vary depending on the type of financial asset being traded and the worldtradex trading account level held by the trader. worldtradex emphasizes this risk on its platform and provides clear risk warnings – CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. After answering some https://lunarcapital.net/ important questions about worldtradex, let’s closely examine its features. According to its fee policy, worldtradex offers transparent and simple trading through accounts with low spreads and no concealed subscription costs. worldtradex offers its Partner Program, which enables users to earn through the referral of clients who become worldtradex traders. worldtradex delivers expertise and assistance to Nigerian traders who want to conduct smooth global market trades.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. The material does not contain (and should not be construed as containing) investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument. Please note that the list of payment methods below depends on the worldtradex Entity and the client’s Country of Residence. It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.
What you can’t trade?
These contests allow novices and experienced traders to test their skills, compete with others, and win valuable prizes. The broker is interested in the trader’s experience and skills in online trading. Withdrawals via bank-wire of amounts under $200 are subject to a $15 administration fee. In fact, the deposit and withdrawal options are listed side by side on the website and a trader needs only click on “make a deposit” or “request a withdrawal” in order to make a transaction. The worldtradex MT4 Multiterminal platform is the ideal tool for traders wanting to handle multiple MT4 account from 1 single terminal with ease with 1 Master Login and Password. worldtradex WebTrader 4 is accessible for PCs and Macs without downloading.
- Additionally, there are live trading education sessions, video tutorials, and platform guides for both beginner and advanced traders.
- Saxo stands out for its wide-range of investable assets, including access to stocks, bonds, mutual funds, forex, cryptocurrencies, commodities, and options.
- However, unlike publicly traded counterparts including Plus500 and IG, worldtradex’s private status limits the availability of financial disclosures.
Finally, the Advanced Education Room is open to anyone with a funded worldtradex Account. 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.
Its competitive features, regulatory compliance, and commitment to user satisfaction make it a viable choice for those looking to explore the world of trading. As always, potential traders should conduct thorough research before making their final decision. worldtradex Group offers a variety of unique features and tools designed to enhance traders’ decision-making processes and provide valuable insights into market trends and trading practices. worldtradex provides mobile trading apps for both Android and iOS devices, offering intuitive interfaces, real-time charts, technical indicators, and easy order execution. worldtradex Group offers a range of trading platforms to suit different preferences and trading styles.
worldtradex is an online broker and trading website that allows clients to trade a range of assets. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. worldtradex’s platform gives Nigerian traders a broad selection of assets to diversify their portfolios and adapt to various market conditions. worldtradex Group (worldtradex Global & worldtradex Forex) are the trading brand names for Trading Point of Financial Instruments, a company started in 2009 to offer online forex and commodities trading. worldtradex is considered a moderate to high risk broker for traders in South Africa because of the fact that they are not locally regulated. Their parent is regulated with CySEC, but traders from SA are registered under worldtradex Global (FSC) in Belize.