The funds transaction at Worldtradex is managed in a customer-oriented way, and traders have a choice of multiple payment methods supported in all countries. Don’t be scared off by brokers like Worldtradex charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms. The “Tradepedia” education section has 39 videos which are divided down into seven sections. They introduce the beginner trader to the markets, to fundamental analysis, psychology and money management. There is also a more advanced section with more complex and technical analysis, trading strategies, tools and signals.
What is the Worldtradex 100% Deposit Bonus, and how does it work?
This can happen if not enough traders are available who offer competitive pricing terms across various trading markets within an instrument exchange network and where distance is eliminated. By creating an account with Worldtradex, traders join an award-winning broker, with an enviable track record of industry awards, including for forex brokerage services, platforms, and other accolades. The broker also has a solid presence on social media platforms, with profiles on Facebook, Instagram, X, YouTube, LinkedIn, and Tik Tok. Compare top platforms, fees and features to make an informed trading choice. We found that Worldtradex offers an average range of trading platforms, including the web trader and desktop versions of MT4 and MT5.
- However, investor accounts are currently unavailable for residents of South Africa.
- Worldtradex clients have the ability to trade on both MT4 and MT5, two well-known trading platforms.
- We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.
- With features such as one-click trading and customizable charting options, MT4 remains a popular choice for forex and CFD trading.
Every currency has a different interest rate, which comes as a calculation. As an example assume that the interest rates in Japan and the US are 0.25% p.a. Respectively, with an open position, you can either gain USD 6.16 per day or lose USD 6.16 per day, as the rollover calculated as an interest to borrowed currency or earned on the purchased currency. Worldtradex uses a 3-day rollover on Wednesdays for positions kept over the weekend to adjust for weekends. Generally, all procedures from account opening, managing, depositing/ withdrawing, and trading are straightforward, simple and transparent, which we will see in detail further within Worldtradex broker review.
Worldtradex Fees Explained
The idea behind this regulation is pretty simple – traders are protected by knowing their clients’ money complies with strict rules and reducing fraud or unfair use. Worldtradex Trading is regulated by the cySEC(Cyprus), FCA(UK), and ASIC(Australia), among others which makes it one of the most reliable brokers. For traders outside Europe and under the Worldtradex Global entity, there are bonuses available. Given the demo account has an unlimited duration, this is one way of persuading traders onto the live platform.
While partners may pay to provide offers or be featured, they cannot pay to alter our recommendations, advice, ratings, or any other content. Our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. A popular global broker with a large customer base and a good reputation, Worldtradex is a good option for most Indian traders.
What Are Worldtradex Broker’s Trading Fees and Spreads?
It is always important for would-be traders that they understand the flip side of trading with a dealing desk broker. There are 14 indices to trade, including major indices, such as Dow Jones, NASDAQ, and S&P 500, among others. Additionally, the brokerage offers thematic indices, allowing exposure to various sectors, such as electric vehicles, AI, and blockchain. The mobile versions of MT4 and MT5 translate extremely well from the desktop versions, also allowing excellent interaction between devices. The 3 chart types and 30 technical indicators of MT4 migrate well, whilst there are also push notifications for trading alerts.
Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities. Please note that the list of payment methods below depends on the Worldtradex Entity and the client’s Country of Residence. You will be exposed to a high risk of loss regarding leverage and margin-based trading.
This approach can help you gain experience and confidence in Worldtradex trading decisions. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors’ deposits. Worldtradex has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, Worldtradex https://worldtradex.blog/ will verify your account details and process the payment within the stipulated timeframe, usually within a few business days.
Worldtradex Group Trading Conditions
- Worldtradex does not provide ETFs or options; hence, some investors may have less opportunities if prefered.
- Founded in 2009, Worldtradex has established itself as a global broker offering a comprehensive range of trading services in forex and CFDs.
- However, Worldtradex does not currently offer CFDs on ETFs or on cryptocurrencies.
- Worldtradex Group’s Learning Centre offers beginner-to-expert education with live sessions, daily analysis, and expert-led webinars.
Explore the Worldtradex platform and train yourself to think systematically and logically about the markets. Brokers like Worldtradex must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances. Worldtradex are able to accommodate various levels of traders whether you are experienced or a beginner. We understand that informed decisions with Worldtradex are the key to successful trading, so we’ve provided this detailed Worldtradex review.
Testing Worldtradex’s Customer Support
The main office Worldtradex forex brokers reviews is located in Cyprus, but they have offices all around the world. Worldtradex has also really put the effort in when it comes to Research and Education. The website is jam-packed with content to give traders the most assistance they could ask for on their journey.
Worldtradex offers access to a wide range offinancial instruments, allowing traders to diversify their portfolios and takeadvantage of opportunities across global markets. With over 1,400 instrumentsavailable, Worldtradex ensures that traders have flexibility in their tradingstrategies. Worldtradex follows a transparent fee structure,ensuring traders are fully aware of the costs involved with trading. The brokeroffers competitive pricing across its account types, making it an attractivechoice for both beginners and seasoned traders.
Trading fees and other costs
Worldtradex, established in 2009, is a well-regulated broker known for its low fees and extensive range of trading platforms. With the addition of its new copy trading service, Worldtradex has enhanced its offering to cater to both beginners and seasoned traders alike. Worldtradex provides access to both MetaTrader 4(MT4) and MetaTrader 5 (MT5), two of the most popular trading platforms in theindustry. These platforms are available on desktop, web, and mobile devices,offering traders advanced charting tools, technical indicators, automatedtrading via Expert Advisors (EAs), and more. Worldtradex offers a variety of trading platforms designed to accommodate traders of all experience levels.
They earn from spread variations influenced by market conditions, liquidity, and currency pairs. Worldtradex offers tight spreads, with three account types catering to different preferences. A range of trading markets as Worldtradex Products available from a single multi-asset account that offers 9 Asses Classes and includes over 50 currency pairs with a total over 1000+ trading instruments.