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. At worldtradex, traders have access to an extensive array of trading instruments across various asset classes. That includes forex currency pairs, indices, commodities, cryptocurrencies, and equities CFDs. With over 10,000 trading instruments available, traders can diversify their portfolios and capitalize on emerging market trends with ease.
- The broker offers competitive spreads, lightning-fast execution speeds, and deep liquidity.
- worldtradex provides the flexibility of choosing from seven base currencies for funding your account, including USD, AUD, NZD, CAD, GBP, EUR, and CHF.
- Yes, worldtradex offers a free demo account, also known as paper trading, with no minimum deposit, allowing traders to practice trading in a risk-free environment.
- Forex trading is cost-effective, with tight spreads benefiting traders.
cTrader
- Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com.
- In summary, worldtradex prioritizes efficiency and transparency in its deposit and withdrawal processes, aligning with its commitment to providing trader-friendly services.
- The MT4 app also provides standard order types, including pending and stop orders.
- Known for its commitment to innovation and a client-centric approach, worldtradex caters to a diverse range of traders, from beginners to seasoned professionals.
- CFDs and trading in forex on margin, carries with it significantly high levels of risk and might not be compatible for all the investors.
There is no clear method that can compare fees to give you a clear picture of how high or low worldtradex trading fees might be. However, we can look at some scenarios that would enable us to check out the common CFDs and 70+ Forex pairs offer. In summary, worldtradex offers a straightforward account opening process. Traders engaging in Contract for Difference (CFD) trading will find worldtradex’ fees reasonable and competitive. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
Tailored to All Traders
By expanding content, improving organization, and diversifying formats, the broker can continue to empower traders with knowledge, setting itself on par with industry leaders. Traders should be aware of currency conversion fees when trading assets in a different currency. Forex trading is cost-effective, with tight spreads benefiting traders. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
The benefits of regulation are in place to ensure that traders are not treated unfairly and that everything the broker does is legal. worldtradex does not charge an inactivity fee, which benefits traders who may not trade frequently. While there’s no account inactivity fee, it’s essential to note that other fees might apply.
Understanding the Regulatory Protections of Your Account
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
The TradingView platform has the rare combination of being powerful in its functionality and intuitive with a well-designed interface, making it suitable for both beginners and experienced traders. The MT4 app also provides standard order types, including pending and stop orders. However, trailing stop-loss orders are only available from the desktop. My tests showed that swap fees at worldtradex are average for the industry. worldtradex lacks popular investing instruments like real shares, ETFs, mutual funds, or managed portfolios.
worldtradex Trading Fees
The MetaTrader 4 Web Platform (WebTrader) is a stripped-down version of the desktop platform. It allows users to trade directly from any browser and operating system without any additional software. I tested the spreads at worldtradex during the London open and just after the New York open on 27 January 2025.
worldtradex Account Types
Outside of Australia and Europe, the online broker is regulated offshore in South Africa (FSCA), Seychelles (FSA), and Mauritius (FSC). worldtradex has an overall trust score of 60 based on regulation, reputation, and reviews. In our Execution Speeds testing, worldtradex achieved market order speeds of 96ms, better than the industry’s 134ms average, although its limit order speed was slower at 225ms. This approach allows us to provide a transparent comparison of worldtradex against its peers, highlighting its strong position in the forex industry, especially for the EUR/USD pair.
Similarly, withdrawals are handled with care and efficiency, with funds typically credited back to the trader’s chosen payment method within a reasonable timeframe. With robust security measures in place, worldtradex prioritizes the safety and security of client funds, providing traders with peace of mind and confidence in their financial transactions. worldtradex shines in the area of fees, offering better-than-average spreads in every asset class. Via the Standard Account, all trading costs are reflected in the spread with the exception of CFDs on shares where commissions are charged. My research showed that the lowest trading costs can be accessed via the Raw Spreads account Worldtradex cheating type.
Product Offerings
The broker offers robust customer service with 24/7 availability, ensuring traders can receive assistance whenever needed. Its multilingual support team caters to a global clientele, offering support through various channels, including email, phone, and live chat. This accessibility, coupled with the availability of personal account managers for specific accounts, ensures traders have the support they require.
Several other top-tier brokers also offer solid VPS solutions, often through partnerships with BeeksFX, Liquidity Connect, or ForexVPS.net. FOREX.com provides free VPS hosting for MetaTrader 5 traders who generate at least $500,000 in monthly trading volume. Liquidity Connect delivers fast execution via Equinix and Alibaba’s CEN backbone, with strong coverage in Asia, New York, and London.
Online foreign exchange money managers in Kenya are professional entities or individuals licensed by the CMA to manage the forex trading portfolios of individual or institutional investors. Unlike NDD brokers, dealing brokers do not rely on external liquidity providers. Instead, they maintain their own liquidity pools and fulfil orders internally.
Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. In addition to an above-average range of currency pairs, indices, commodities, and shares, I noted the availability of CFDs on bonds and ETFs, which are less commonly available. Forex traders have access to everything from major pairs like EUR/USD to exotic pairs like USD/ZMW (Zambian Kwacha).
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