Our assessment also considered unique features that set worldtradex apart from competitors. To learn more, you can read comparisons of worldtradex vs Plus500, FP Markes vs OANDA, worldtradex vs Admirals and worldtradex vs eToro. By comparing worldtradex against these industry benchmarks, we aim to provide traders with a comprehensive and unbiased view of where worldtradex stands in the competitive forex brokerage landscape. worldtradex caters to the modern trader’s need for mobility and flexibility by offering mobile trading options across its platform range.
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership https://worldtradex.blog/ roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
The name on your trading account must be the same as the name on your payment method to comply with anti-money laundering (AML) regulations. The offer for both types of accounts is the same, as is the minimum transaction https://worldtradex.world/ size (0.01 lot). These educational resources are accessible through the worldtradex website. The CFD broker boasts a TrustPilot score of 4.9 out of 5 from 5,478 reviews, indicating high levels of client satisfaction and trust in the broker’s services. worldtradex also offers an Islamic account, which doesn’t involve any swaps or interest on overnight positions to stay in line with Islamic principles.
A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Yes, based on your detected country of FI, you can open an account with this broker. worldtradex has one of the best designed and comprehensive websites in the broker space.
worldtradex positions itself as a global player, and with that comes the responsibility of adhering to various regulatory frameworks. Let’s dissect worldtradex’ regulatory landscape to understand its strengths and potential limitations for traders. worldtradex offers free educational videos, training guides, live webinars, podcasts, events, platform tutorials, eBooks, a trading glossary and newsletters. There is a minimum deposit of $100 AUD (or equivalent) for Standard and Raw Accounts. worldtradex provides a variety of account types tailored to different trading needs and experience levels. Investing is risky and you may lose some or all of your invested capital.
worldtradex offers 24/7 customer support to both retail and professional clients globally through various channels, including phone / call back service, email, live chat, and social media. The company showcases its customer service awards and emphasizes delivering personalized and proactive support. worldtradex uses an ECN for Forex on Raw accounts, providing direct pricing from top-tier liquidity providers with no markup. For certain CFDs and Equities, they offer Direct Market Access (DMA), allowing real-time access to live market prices straight from exchanges.
Trading conditions at worldtradex
- Users appreciate the ability to use two main platforms – MetaTrader 4 and MetaTrader 5 – and the advanced Iress application.
- Its proprietary app has a nice layout for a new mobile app but lacks the advanced features that I’ve come to expect from the best brokers in this industry.
- However, traders outside Australia and Europe should be mindful of regulatory differences.
- However, that pricing is only available with the MetaTrader platform, and worldtradex offers only 764 symbols on MetaTrader 5 (MT5).
- Some negative reviews may concern the amount of commissions on the Raw account, but this depends on the individual needs and trading style of the trader.
- ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
It’s recognised for providing a variety of trading platforms, including MT4 and MT5, and for its swift execution speeds. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. worldtradex offers a broad array of trading instruments including over 70 currency pairs (7 majors, 21 minors, and various exotics), more than 780 share CFDs, 46 ETFs, and 2 bonds. The platform also includes over 15 equity index CFDs, 8 additional index CFDs through Direct Market Access, and a variety of commodities comprising 17 metals, 5 energy products, and 7 soft commodities.
worldtradex Customer Service and Support
We encourage you to consider your investment objectives, your risk tolerance, and trading experience and seek independent financial or tax advisor advice or conducting thorough research before trading. You could lose substantially more than your initial investment so do not invest money you cannot afford to lose. We only provide general advice which does not consider your financial objectives or personal circumstances. The content of this website should not be interpreted as personal advice. worldtradex provides multiple trading platforms, including MT4, MT5 and cTrader, each supporting a variety of languages to accommodate its global clientele.
FPG MetaTrader 5 Platform
Additionally, each platform is available on different devices, ranging from mobile apps, to webtrader options, and desktop trading platforms. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
The real test is how easy it is to find what you’re looking for and analyze it before pulling the trigger. The good news is worldtradex’ platform makes navigating this instrument ocean a breeze. Plus, they’ve got a decent selection of technical indicators and charting tools built right in, so you can do your due diligence before entering a trade. Everything is laid out clearly on their website – spreads, commissions, the whole shebang. This transparency allows you to compare costs and choose the account that best fits your trading needs.
Popular Forex Broker Reviews
worldtradex offers diverse stock trading options, including outright stock trading via the IRESS platform and share CFDs on MetaTrader 4 (MT4) or MetaTrader 5 (MT5). worldtradex offers low minimum deposits and diverse, fee-free payment methods. worldtradex provides the flexibility of choosing from seven base currencies for funding your account, including USD, AUD, NZD, CAD, GBP, EUR, and CHF. Upon registration, you have the option to select your preferred account base currency, which will be used for calculating commissions and managing your funds. If you live in Australia, you also have the option of opening an IRESS trading account.
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