Worldtradex is a globally renowned online securities trader that best describes itself as a deep discount brokerage house. The brokerage was launched in 2006 in Washington DC by Success Trade Securities. Currently employs over 1200 employees and maintains offices in over eight countries including the United States, China, and the United Kingdom. In this broker review, we vet its reliability and look at how trimmed trading costs have affected this deep discount broker’s effectiveness and competitiveness. ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. Before making any trading related decision, contact a local professional financial advisor.
Every day people join our community and we welcome them with open arms. What we really care about is helping you, and seeing you succeed as a trader. We want the everyday person to get the kind of training in the stock market we would have wanted when we started out. People come here to learn, hang out, practice, trade stocks, and more. Our trade rooms are a great place to get live group mentoring and training. Additionally, Worldtradex offers a few mobile apps, including an advanced app for iOS and Android devices and a swipe app.
Trading Hours
The directive contains measures for the organisation and functioning of investment firms, facilitating cross border trading, while creating strategic opportunities. The “A book” scheme guarantees steady execution and eliminates conflicts between the broker and traders. For Standard accounts, Worldtradex’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these. The trading and non-trading commissions of broker Worldtradex have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Eightcap and Worldtradex Group, to provide the most comprehensive information.
We do not provide financial advice, offer or make solicitation of any investments. Trading and investing in financial instruments comes with a high degree of risk and you can lose money. You should only engage in any such activity only if you are fully aware of the relevant risks. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.
Inactivity Fee
The brokerage offers Basic and Pro accounts, ensuring that both trading enthusiasts and seasoned investors find an accommodating trading environment. Yes, Worldtradex offers demo accounts and setting it up is very simple and easy. The broker immediately gives you access to an MT5 user id and password for the web, desktop and mobile app separately along with $100,000 in virtual funds.
Worldtradex Broker Copy Trading & Investment Options
The minimum amount required is USD 100/EUR 100 and users pay a commission only for results. This can be a possible solution for those of you who do not have the time or knowledge to trade. I personally prefer to trade manually using my own strategies as I like to know when and why a trade was taken. This way I can discover what works for me and areas in which I can improve. Other brokers with managed accounts to consider include Key to Markets. That is why you should only invest money that you are prepared — or can afford — to lose at such high risks.
Also, beginning traders or active once may access professional education and information through leading providers. Worldtradex’s commission structure may beattractive to cost-conscious traders. They offer a wide range of assets, andtheir minimum deposit requirements are relatively low. Additionally, theyprovide a greater selection of trading platforms than many other brokers.
Distinctive features
If you find Worldtradex scammers that your country is not accepted, please feel free to take a look at our broker ratings for another option. Learning can be paid or free, and clients can select individual programs. There is free access to remote education content such as video courses, articles, webinars, A.
- Worldtradex broker offers traders a wide range of trading instruments such as stocks, bonds, options, and futures.
- J2T CryptoExchange proves to be a great place to start investing, in general, since it offers a wide range of different assets for you to tinker with and, evidently, purchase.
- The broker’s customer support service starts with a hugely comprehensive FAQ section that tries to answer most of the common platform user queries.
- The trading and non-trading commissions of broker Worldtradex have been analyzed and rated as Low with a fees score of 8/10.
- We have compared the range of assets and markets supported by Worldtradex with its competitors, making it easier for you to find the perfect fit.
- MetaTrader5 -MetaTrader 5 is a multi-asset trading platformsupporting stocks, futures, forex, and CFDs.
- With the MT5 Global account, you have access to 50 forex instruments, the Standard account offers 47 pairs and the ECN 45 pairs.
- The Forex ECN account is a good option for active forex traders looking for the tightest spreads and access to popular currency pairs.
As always in Cyprus, the broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), which in turn is overseen by the European Securities and Markets Authority (ESMA). Opening an account with the broker is a quick and easy process with a short online registration form to complete. After this you will need to fill out a questionnaire to ensure your suitability for the products and services offered, this is done to protect inexperienced clients. If accepted you can then upload your documents to verify your identification (passport, drivers license, etc) and address (e.g. utility bill no older than 3 months).
It allows for practicetrading without risking real funds, offering a way to become familiar withtheir trading conditions. Based on our tests, Worldtradex is an excellent broker for active forex traders. Our evaluation has https://worldtradex.bid/ shown high-quality order executions with speeds of 50ms, alongside tight spreads from 0.0 pips.
Experienced traders get deeper knowledge, learn risk management and new analysis tools, and attend seminars with trading gurus. It is a member of the Investor Compensation Fund, which guarantees deposit insurance. To maintain low fees and high liquidity, traders are granted direct access to the markets. The education section becomes available after opening a real or demo account.
They are balanced concoctions of security and growth, allowing you to traverse the financial landscapes with confidence and foresight. With every investment, you are not just allocating capital; you are sowing seeds for your future, watering them with precision, and guarding them against the unpredictable weathers of the financial markets. Embark on a journey to invest in a company’s first steps into the public market. Seize this distinctive opportunity to invest in company shares at the offering price, securing your stake before they commence trading on the exchange. This is your chance to be part of a company’s growth story from its nascent stage in the public market. The fusion of modern technologies and investment strategies within our Robo-advisor service provides a reliable, intelligent approach to investment.
Our team don’t recommend traders choose a broker based on sign-up bonuses. From on our assessment, Worldtradex provides an average offering of market research. There is real-time data to help with trading decisions, including an economic calendar, market news and information on initial public offerings (IPOs).