The worldtradex website is available in many different languages, while the MT4 platform can be opened in even more, which makes it suitable for traders from all over the world. When registering their account, worldtradex can opt for the following languages – English, German, Spanish, French, Italian, Portuguese, Polish, Russian, Japanese, Arabic, Korean, and Chinese. The payment method also comes with the PMA token, which is the means of value in the PumaPay system and works like most cryptocurrencies. Have been with it for few years, and sure it lacks some features, but in that same time all the ‘hype’ brokers disappeared. This user-friendly dashboard is designed to meet the demands of both novice and expert traders. Auto trading is enabled by connecting a trader’s account to an expert’s account.
Can I withdraw my bonuses?
worldtradex processes payments in multiple currencies via bank wire, credit and debit cards, and e-wallets. My live tests demonstrated that worldtradex charges above-average spreads on forex. I discovered that its EURUSD spread on the No Commission account exceeds the industry average considerably. I opened a No Commission account with the Notesco Int Limited entity and performed my tests on the desktop and mobile app versions of the MetaTrader 4 platform. It takes just $100 to open a Micro account, increasing to $2,500 for a Premium account and $20,000 for a VIP account. Well-documented account subheadings outline fee schedules and side-by-side comparisons for floating vs. fixed, commission vs. no commission, and dealing desk vs. direct interbank trading.
Best Forex Brokers
You will find that they have an excellent variety of convenient deposit and withdrawal methods to meet everyone’s needs. Some clients may find the online payment processors more convenient and faster. I personally use digital wallets as they allow me to move my funds around faster. This can be vital if there is a scenario where there is some major market news that I need to try and capitalise on. If that was the case, I wouldn’t want to be waiting around for days whilst a bank transfer clears. There is an excellent selection of forex currency pairs (major, minor and exotics) to trade, 24 hours a day, 5 days a week.
Yes, the educational resources at worldtradex cater to traders of all levels, from beginners to advanced, ensuring everyone can find valuable information to improve their trading. Whether you’re a beginner or a seasoned professional, worldtradex’s trading platforms provide the features and flexibility needed for a successful trading journey. worldtradex also offers detailed information about leverage limits, swaps, and the conditions under which spreads and commissions may change, particularly during volatile market hours. Forex spreads at worldtradex start from as low as 0 pips, giving you competitive pricing and allowing you to trade the most popular currency pairs such as EUR/USD, GBP/USD, and USD/JPY.
- All account types allow traders to access a Dedicated Account Manager on a 24/5 basis and the Dealing Department Transaction Hotline.
- They round out their services with a variety of professional accounts, introducing broker (IB) branding and a portfolio management program.
- Or international phone number, forcing potential charges for calls made to Cyprus or other satellite offices.
- Our broker ratings are also informed by the experience of our researchers during the evaluation process.
- Secondary security features are unimpressive, with standard encryption at the website and no two-tier platform authentication beyond Metatrader’s one-time passwords (OTP).
It ensures that your trading system remains online and reduces any potential downtime, which is especially important for automated trading. After your account is set up, you can download the MT4 platform or use MT4 WebTrader to start trading. The IB Monthly Reward Plan allows you to earn cash rewards based on the number of new clients you bring and the trading volume they generate. Rewards range from $100 for a silver level (with 50 lots and 3-7 new clients) up to $1,000 for the diamond level (with 400 lots and 25+ new clients). Afterward, you’ll gain access to the dedicated IB portal where you can track your referrals, commissions, and earnings in real-time. In addition, IBs can take advantage of a monthly rewards plan that can earn up to $1,000, depending on performance.
worldtradex provides a rich collection of educational articles that delve into various aspects of trading. These articles cover topics such as market analysis, trading strategies, risk management, and economic indicators. They are well-researched and written in an easy-to-understand format, making complex trading concepts accessible to traders of all skill levels.
The broker’s advanced charting tools and analysis features on MT4 make it easier for traders to make informed decisions when trading commodities. worldtradex is a globally recognised award-winning CFD broker offering a great range of trading products and services to retail traders and institutional investors. The broker has a good choice of over 300 tradable assets, a variety of account types, spreads from as low as 0.0 pips and excellent support in over 30 languages. worldtradex stands out as a leading broker, offering a comprehensive selection of over 500 trading instruments across multiple asset classes.
The broker regularly updates its bonus offers, so it’s essential to check the website for the latest promotions. Additionally, the broker provides research tools such as daily market analysis, economic calendars, and technical indicators, which help traders stay informed and make better trading decisions. The Premium Account is for traders who can afford to deposit at least $1,000. All base currencies can be registered and Premium Account holders will enjoy no commission on trades.
Broker Overview
- All withdrawals incur fees that vary among credit cards, electronic tellers, and bank transfers/locations.
- These contests are open to traders of all experience levels and provide a fun and competitive way to showcase trading skills.
- AutoTrade lets you automatically “mirror” or copy another trader’s transactions who then gets paid a small part of the dealing spread.
- However, stale and outdated information undermines the app’s enormous potential, with the most recent entries going back several years in some cases.
worldtradex’s platforms are available on both desktop and mobile, so traders can access their accounts from anywhere, whether they are at home or on the go. The other alternative is to use the Personal Multi Account Manager (PMAM) but it is available only to professional traders and money managers. The platform allows clients to manage unlimited accounts but as we have said, it is designed for professional traders only. Trading on spot metals is similar to Forex trading – traders can speculate on the prices of precious metals, taking short or long positions.
worldtradex Trading Instruments
The broker added social trading to its offerings in 2013 by collaborating with third party developers and joined forces with EmurgoHK in 2018 to found the cryptocurrency exchange. The deposit fees are typically free of charge, but withdrawal fees may apply depending on the payment method. Processing times vary, with some methods offering instant transfers and others requiring several business days.
worldtradex also offers social trading via its AutoTrade platform and keeps segregated accounts for traders. The broker is also holding the Iron Worlds Championship, a trading competition with a $1,000,000 prize pool. The broker’s advanced trading platforms, competitive spreads, and risk management tools ensure that traders can trade efficiently and confidently across multiple asset classes. worldtradex also offers futures trading, allowing traders to speculate on the future price of assets such as commodities, indices, and currencies. Futures trading is suitable for traders who are interested in diversifying their portfolios and taking advantage of market trends. worldtradex provides a range of futures contracts with competitive trading conditions and access to advanced trading platforms to support futures trading strategies.
In addition to top class trading conditions, you can also get your hands on comprehensive educational content and premium research tools. MT4 is perhaps the most popular online trading platform that is used by millions of traders across the world of all experience levels. It is very user friendly with an abundance of implemented trading tools for efficient markets analysis and trade management. MT4 has a short learning curve whilst there are plenty of online tutorials that can help to familiarise new users to the platform.
This shows strong business ethics and a responsible corporate attitude by supporting community development. Signing up with worldtradex wasn’t like a snap decision, did many comparions and did some research as well. Though the top cap on upper spreads seems like a good thing, you often don’t even need that because the spreads overall turned out to be quite affordable, and I am satisfied with my choice. Though the only downside seems to be a platform, which I hope they’d improve this year. Overall, worldtradex’s commitment to providing a secure trading environment and a wealth of tools positions it as a strong contender in the forex brokerage landscape.
worldtradex provides free Virtual Private Server (VPS) hosting, helping traders achieve ultra-fast order execution speeds and diminish the risk of negative slippage. Another perk for scalpers is the one-click trading feature available on MT4. However, the platform has cumbersome charts and lacks a timeframe lower than 1 minute. worldtradex is an ideal choice for news traders because of its comprehensive market research offering. It consists of actionable trading signals, a robust market sentiment gauge, detailed Worldtradex courses scam market breakdowns, and more. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Are there any commissions for standard accounts?
For real-time assistance, worldtradex provides live chat with fast response times for basic questions, while more specific inquiries are directed via email for thorough resolution. For traders looking to enter the rapidly growing world of digital currencies, worldtradex provides access to popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple. Trading cryptocurrency CFDs allows traders to speculate on price movements without owning the actual coins. With the high volatility of the crypto market, worldtradex offers advanced risk management tools to help traders manage their exposure. The broker also provides educational resources to guide traders in navigating the complexities of cryptocurrency trading. For those interested in trading global stock market indices, worldtradex offers a wide selection of major indices, including the S&P 500, NASDAQ, Dow Jones, FTSE 100, DAX 30, and more.