The integration of worldtradex’s institutional services signifies a step towards comprehensive market exploration and diversified asset allocation. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters. worldtradex also offers a professional account for high-volume traders with a minimum deposit of $5000.
Company details
Investing in IPOs allows you to tap into the potential of companies poised for growth, enabling you to be part of their success stories from the very beginning. By choosing to invest in IPOs, you are not just buying shares; you are securing a piece of the future, banking on innovation, vision, and the relentless pursuit of success. Yet while we enjoy using these features, our team finds that the depth and quality of market research don’t rival alternatives like IG Group. For instant funding, I recommend card payments, which I find easy to set up, while bank wire transfers can take up to 5 days. The broker is also a member of the Investor Compensation Fund, which protects clients with compensation of up to €20,000 in the case of an unresolved dispute with the brokerage. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
- The key benefits of this system are the tight spreads and fast execution speeds, which come in as low as 50 ms based on our evaluation.
- Our headquarters are strategically situated at the heart of Limassol’s bustling business district.
- Our partners cannot influence our reviews, nor can they pay us to bias our rankings.
- It’s more than a service; it’s a companion in your journey towards financial stability and wealth accumulation.
- This prime location underscores our commitment to offering exceptional service in a thriving financial environment.
worldtradex Online Ltd (worldtradex) is a leading international investment company providing its Clients with direct access to the major world stock and currency markets. However, traders should pay attention to potential charges by individual payment channels. The deposit minimum is accessible, making the broker a decent option for seasoned and novice traders. Like some of its major competitors, worldtradex aims to educate its users through various learning resources.
worldtradex offers lower fees than most forex brokers based on our evaluation. The MT5 Global account is particularly competitive, with spreads from 0.0 and a commission up to $2, which is significantly lower than most alternatives. With the MT5 Global account, you have access to 50 forex instruments, the Standard account offers 47 pairs and the ECN 45 pairs.
Trading Hours
And yep, ofcourse there’s a fee (4%), which I initially thought was steep, but after comparing it with couple of other brokers, it’s actually reasonable. I’ve tested a few different brokers over the years, and for the price, worldtradex is legit. worldtradex positions itself as a viable choice for traders by maintaining competitive and transparent fee structures that align with varied trading needs and preferences. It’s crucial to recognize that online reviews reflect personal opinions and may not capture the full spectrum of client experiences. Traders should view these reviews as one aspect of their comprehensive assessment of worldtradex. You could use profit calculator tools to predict a trade’s profitability and outcome based on commissions.
The key benefits here are access to more than 50 execution routes, as well as powerful trading software like Sterling Trader Pro. Our only complaint is that while this broker offers negative balance protection on their Standard account, it is not available on the other trading accounts. This means clients can lose more than their account balance if the markets move against them. The Central Bank of the Russian Federation (Bank of Russia) was founded on July 13, 1990, on the basis of the Russian Republic Bank of the State Bank of the USSR. worldtradex also offers many other trading instruments on their CQG, ROX and J2XT trading platforms. For investors who want to trade on the go, worldtradex provides a seamless mobile trading experience with dedicated applications for Android and iOS devices.
- Our partners are integral to our ecosystem, and we are devoted to providing them with the tools, support, and environment needed to thrive in the dynamic world of trading.
- Among the financial service providers, there are fraudsters that we promptly report.
- The deposit minimum is accessible, making the broker a decent option for seasoned and novice traders.
worldtradex Assets Offered
These apps enable traders to execute trades, analyze charts, and manage their accounts from anywhere. Our over 15 years of experience in financial markets and high technical knowledge aid in precise and timely identifications. Our independence from brokers and the companies we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria.
This means the broker effectively acts as a middleman to give traders access to the forex market. I like the variety of payment methods supported by worldtradex, making the broker easy to use. Accepted funding methods depend on the account type you pick but they include bank wire transfer, credit/debit card, Neteller, Skrill, PayPal, Klarna, FasaPay and other digital wallets. However, we are disappointed to find that there are fees for depositing in ECN accounts, the amount of which varies depending on the method you use. National Futures Association (NFA) is the industrywide, self-regulatory organization for the U.S. derivatives industry, providing innovative and effective regulatory programs. Designated by the CFTC as a registered futures association, NFA strives every day to safeguard the integrity of the derivatives markets, protect investors and ensure Members meet their regulatory responsibilities.
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The platform’s automation tools have enabled the company to optimize processes, increase operation speed and accuracy, and reduce risks. Most importantly, with this service, worldtradex is now solving more tasks with the same resources, without additional budget or time costs. And while the choice of instruments is great with worldtradex, the broker also offers access to an impressive number of trading platforms, with five platforms to choose from.
MetaTrader 5 is the successor to theMetaTrader 4 platform, allowing traders to trade CFDs, stocks, and other assetsin addition to forex. worldtradex offers MT5 through its MT5 Global account, available indesktop, smartphone, and web app versions. The results from our assessment show that worldtradex is a good forex broker. Dozens of currency pairs are available with below-average fees, high-quality order executions and access to two leading platforms – MT4 and MT5.
With this variety of currency pairs, including majors, minors and exotics, traders won’t be short of opportunities. worldtradex is a full-service financial brokerage company based out of Cyprus, well known as one of the most popular EU jurisdictions for forex brokers. 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).
It was released in 2005 and quickly became popular amongtraders for market analysis and strategy development. MetaTrader 4, whichfocuses mostly on forex trading, is compatible with worldtradex’s Standard,Forex ECN, and Forex ECN Pro accounts. worldtradex offers a diverse range ofassets, such as currency, bonds, stocks, and futures. They offer access to over30,000 stock assets and over 90,000 option assets. worldtradex provides different types of accounts, suitableboth for beginners and professionals.
My only criticism is the fees for depositing funds to the ECN account, which don’t stand up against competitors like Pepperstone which doesn’t charge. We appreciate that there are no deposit fees on the Standard and MT5 Global accounts, although third-party fees may apply to bank transfers. “By automating all routine operations, we’ve eliminated errors related to the human factor,” adds Mr. Argytakis. “Not only has the number of errors decreased, but so have business costs. Automations has enabled us to provide more high-tech solutions to our traders and thus it has become a competitive advantage for us.”
It is worth noting that worldtradex has a margin call of 100% and a stop-out level that is triggered when your account falls below 50% of the required margin. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. For me it’s strong 10/10, because I’m tired of overcomplicated platforms and this one is exactly what I wanted to find.