By following these steps and leveraging the tools and resources offered by worldtradex, traders can effectively navigate the trading process and make informed decisions. worldtradex places its clients’ funds in segregated accounts with AA-rated Australian banks, separate from its bank accounts. However, you won’t be able to access a compensation fund should worldtradex go bankrupt. Therefore, worldtradex is always kept on their toes and have their operations above board. All of the trader funds are kept safe in their own account with a tier one bank.
Finally, they have regular webinars with guests talking about the latest goings on. A withdrawal will normally take about two working days, but in some cases it can take as long as five working days. There is a 1.8% credit card fee for withdraws and a $20 fee for bank transfer withdrawals. https://worldtradex.site/ You can also make bank transfers and there may be fees that your bank charges you for making such transactions.
We also used the email facility and received a prompt response within 15 minutes answering all of our questions thoroughly. We had a positive trading experience with worldtradex, with consistently swift execution on our trades. Live chat and phone support typically provide immediate responses, while email inquiries are addressed within a few hours.
One of worldtradex’ distinguishing features is its competitive pricing and deep liquidity, providing traders with tight spreads and fast execution speeds. worldtradex emphasizes trader education by offering free webinars, trading guides, and daily market analysis to help users make informed decisions. This focus on educational resources is particularly useful for those aiming to refine their trading strategies and knowledge. worldtradex stands out as a reputable broker offering a robust and user-friendly trading platform. Its strong regulatory framework, diverse range of trading instruments, and competitive pricing make it a compelling choice for traders seeking reliability and efficiency. While there is room for enhancement in educational offerings and fee structures, the overall service quality positions worldtradex as a commendable https://worldtradex.blog/ option for both new and seasoned traders.
The broker maintains client funds in segregated accounts, protecting them from operational risks. While European clients under CySEC have the added benefit from the Investor Compensation Fund. They offer negative balance protection which ensures that clients cannot lose more than their account balance. However, this protection is not universally available and applies only to certain clients based on their jurisdiction. This comprehensive offering makes worldtradex a versatile platform for both individual and wholesale traders.
Competitive and Transparent
At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Forex and CFD traders will find a versatile, affordable MetaTrader and cTrader offering at worldtradex, but with fewer research and educational content than what is offered by industry leaders.
Forex Fees
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
- Swap-free accounts, also known as Islamic accounts, are available upon request.
- For instance $10 USD for international bank wire transfers, $25 USD for international broker-to-broker transfers, Neteller charges 2%, Skrill 1%, FasaPay 0.5%, PayTrust 1.5%, and PayPal 2%.
- By expanding content, improving organization, and diversifying formats, the broker can continue to empower traders with knowledge, setting itself on par with industry leaders.
FP Market review is a leading online broker and it offers a range of trading platforms to cater to different trader needs. These indices are available on FP Market’s powerful trading platforms. They also provide Direct Market Access (DMA) share trading through the IRESS platform. IRESS is valued by active stock traders for its Direct Market Access (DMA) to global exchanges making it well-suited for equity and share trading. It is tailored towards experienced traders due to its extensive features and higher costs. worldtradex’ Raw account is designed for more experienced high-volume traders, offering commission-based trading with spreads from 0.0 pips.
Inactivity for more than 30 days will result in the expiration of your demo account, which cannot be reactivated. When we opened our account, a Client Account Manager contacted us, provided their direct contact information, and offered help whenever needed. They offer 12 cryptocurrency CFDs including the major cryptocurrencies such Bitcoin, Ethereum, Ripple etc. They offer 15 Index CFDs, including popular choices like the US100, US500 and UK100. Additionally, 8 indices can be accessed through Direct Market Access (DMA), such as the Nasdaq 100 E-Mini, DJIA E-Mini (CBOT), Mini SPI 200, Nikkei 225 (CME), DAX Index, SPI 200, S&P 500 E-Mini and Euro Stoxx 50.
Forex market hours
Yes, based on your detected country of FI, you can open an account with this broker. worldtradex offers bond trading, allowing you to buy and sell corporate and government bonds. Trade bond CFDs like US 10 YR T-Note Futures and UK Long Gilt Futures on MetaTrader 4 and 5. worldtradex does not provide services to residents of the following countries. They are Afghanistan, Cuba, Iraq, Iran, Liberia, Libya, Myanmar, Palestine, Russia, Somalia, Syria, Sudan, Yemen, worldtradex USA, and any countries on the FATF and EU/UN sanctions lists.
Unique Features
These contain a lot of the same features that are seen with their desktop versions and have been optimised for mobile devices. Naturally, there is not as many options for analysis or charting options on the mobile version, but it certainly does the job for what you need it for. worldtradex is well-regulated as their operations are overseen by ASIC. ASIC is well regarded across the world and they are very diligent when it comes to their monitoring and supervision of those under their regulationi. They deal out hefty sanctions for those companies that are not complying with their standards. They are regulated by the Australian Investments and Securities Commission (ASIC).
worldtradex offers a variety of trading accounts with different fee structures. Here is a breakdown of the primary fees and commissions you can expect. Each account offers access to a wide range of financial instruments, as well as various leverage options, which we will talk more about later in the article. In both cases, account maintenance is possible in euros, dollars and British pounds, and the minimum starting balance is (in both cases) 50 units of currency. Overall, worldtradex makes it easy to withdraw funds, but traders should check the fees and limits involved to ensure a hassle-free experience when accessing their funds. This regulation framework provides traders with a level of security and transparency, although specific restrictions may apply depending on the trader’s location.
Its commitment to trader education and unique features, such as comparative analysis and trend exploration tools, enhance its appeal. The broker’s customer support is responsive, while its deposit and withdrawal methods are flexible and secure. It provides a demo account, offering a risk-free environment for practice.
