It notes that it will publish any applicable costs in its https://worldtradex.site/ Online Trading Facility in the Commission, Charges & Margin Schedule. worldtradex ranks among the world’s most competitive brokers, combining tight spreads, ultra-fast execution, and robust regulatory oversight. With over 15 million clients and 99% of trades executed in under one second, worldtradex is designed for serious, performance-driven traders. worldtradex is definitely winning as Broker for Beginning Traders the Education quality and available seminars/ webinars are excellent, yet some similar Brokers also provide a great education.
Mr.Forex
2) You can choose to enter a Pending Order for immediate execution, or select the Market Order option and buy at the last price executed on an order in either best bid or best offer. They also offer many extensions for those who want to make things easier on themselves or don’t know where to start without having some assistance from experts at hand. This makes it “pull” by providing value through mass adoption among users. Our comparison table below highlights the spread differences between worldtradex and Pepperstone, helping you choose the better option for your trading needs.
Does worldtradex provide VPS?
- To suit different trading tastes, the broker provides over 1,000 trading products, including stock CFDs, precious metals, and 55 currency pairs.
- The platform also offers many educational and research resources, including free access to forex market research, daily forex webinars, and many video tutorials.
- European clients under the CySEC jurisdiction are covered by the Investor Compensation Fund (ICF).
- To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.
- And there are worldtradex Group mobile platforms for smartphones and tablets, using Apple or Android operating systems.
Please note that the list of payment methods below depends on the worldtradex Entity and the client’s Country of Residence. Throughout our comprehensive worldtradex review, we have covered a lot of ground and provided an in-depth analysis of the platform’s features and functionality. You will be exposed to a high risk of loss regarding leverage and margin-based trading. Brokers like worldtradex must disclose any inactivity fees as part of their regulations.
Are there any fees for deposits or withdrawals?
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.
worldtradex Broker Review 2025:
- Oopening an account is a matter of minutes, with several account options, varying across the different broker entities.
- Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com.
- The website is jam-packed with content to give traders the most assistance they could ask for on their journey.
- worldtradex has a triple AAA grade support and customer service rating because they offer various range of languages, live chat, and email support.
- In addition it provides access to commodities (CRUDE OIL), stocks, bonds, etc.
worldtradex Group offers the option of opening Islamic accounts, also known as Swap-free accounts. These accounts are designed for clients who cannot trade swaps due to religious beliefs. Most transactions (bank transfers, e-wallets, cards) are processed within 24 hours, with no deposit fees. Plus using MT5 will provide more options for those who prefer technological trades over manual ones.
worldtradex offers a unique loyalty program that allows traders to earn bonus points (worldtradexP), which can be exchanged for credit bonuses. The loyalty program is automatically available to all real account holders, and there is no need for additional registration. worldtradex introduces a new and exciting element to the trading world – Forex contests. These contests allow novices and experienced traders to test their skills, compete with others, and win valuable prizes.
Popular Accounts
In contrast, worldtradex’s Zero account features zero or very low spreads plus a commission on every trade. Depending on the worldtradex entity traders register with, the broker supports several account options, designed to suit all preferences. worldtradex is a group of entities operating in multiple jurisdictions around the world under the umbrella of the parent company Trading Point of Financial Instruments Limited. The company was founded in 2009 and in just over 15 years it has attracted over 15 million clients from 190 countries all over the world. The broker prides on 10.3+ billion trades executed with zero requotes or rejections. All websites and web-based platforms are tested using the latest version of the Google Chrome browser.
Traders may use the worldtradex forex demo account to test trading strategies or Expert Advisers at worldtradex. Unlike many brokers who offer one fixed demo setting, worldtradex allows traders to approach it the same way they will a live trading account. It allows for closer simulation to actual trading results from the testing of strategies. When creating a demo account, traders can select the trading platform, MT4, MT5 or worldtradex app, and their account type, followed by the base currency from any of the eleven supported ones.
Overall, worldtradex implements an acceptable CFD fee, most favorable for traders with smaller portfolios and less trading frequency. worldtradex caters to new traders with features like low minimum deposits (starting at $5 for certain accounts) and demo accounts for risk-free practice. The Ultra Low Micro and worldtradex Ultra Low accounts offer commission-free trading with floating spreads starting from 0.8 pips, typical of many other brokers we’ve analyzed. A notable advantage is that worldtradex does not charge deposit, withdrawal, or inactivity fees, ensuring traders do not encounter unexpected costs outside of trading spreads and commissions. However, swap fees (overnight financing) apply for positions held overnight.
worldtradex Fees Explained
I think the scores here are all good; surprised only about the trading platforms and tools at 4.4 and not 5. At least they dont try to make their own terrible platform that nobody would use and force it down people’s throats… When a broker gets a ‘great idea’ in their minds, its time to get out lol.
When comparing worldtradex with Pepperstone, both brokers are recognized for their competitive pricing and strong trading infrastructures. Check our comparison tables to explore how these brokers stack up against each other in terms of spreads, quotes, and trading volume. worldtradex does not charge fees for most withdrawal transactions, though external service providers may apply their charges. Withdrawals at worldtradex are handled efficiently, with requests processed through the Members Area.
I expected worldtradex to offer a dedicated account type for experienced traders with substantial trading volume or portfolio size. Unlike ActivTrades, which provides professional accounts with benefits like higher leverage, reduced stop-out levels, and dedicated account managers, worldtradex caters primarily to a broader range of traders. worldtradex also stands out with its educational resources, offering free webinars, market analysis, and trading signals, making it a strong choice for beginner traders looking to improve their skills. worldtradex Group offers a comprehensive Learning Centre, including free webinars, live trading sessions, market analysis, and expert-led education.
On the educational side we would say that worldtradex is right up there with the industry leaders with their educational package. For the worldtradex Zero account the typical spread for EUR/USD is a low 0.1 pip, but there is a commission which amounts to $7 per round trade on a currency lot. This brings the total per lot per trade to 0.35 pip, which is more competitive. The commodity offering is at least in line with the industry standard with Worldtradex cheating 15 different commodities to trade. The offering of some of the soft/ agricultural commodities, such as Coffee or Corn is more than what it seen for the industry norm.
The availability of base accounts in EUR, GBP, USD and JPY can help minimize conversion fees, unlike eToro, which only supports GBP and USD for deposits, holdings, and trades. worldtradex also offers demo trading accounts, providing a risk-free environment in which to explore its platforms and available assets. While offering access to the same markets as other accounts, the swap-free account adjusts fees to ensure fairness without charging interest. It eliminates overnight interest charges, making it suitable for those seeking trading opportunities that align with Islamic finance principles. Yes, worldtradex provides a demo account with $100,000 virtual funds for traders to practice without risking real money. While worldtradex has a strong reputation for customer service, the lack of 24/7 support may be a limitation for traders in different time zones.