Recently, they removed a $2,000 credit from my account without any prior notification, which triggered a margin call. To make matters worse, the margin call occurred less than 2 hours after the credit was removed, leaving me no time to react.Had I been informed, I would have funded my account to avoid this drawdown. This kind of behavior feels unethical and seems designed to make customers lose their money.I strongly advise potential users to be cautious and consider these practices before trusting Worldtradex with your investments. Worldtradex can deposit and withdraw funds through bank transfers, debit/credit cards, and e-wallets. It is the security and speed of transaction processing that also contributes to high ratings of brokerage services.
- I was trading with another broker previously, and after I pressed the buy or sell button, there was a little time to wait for the trade to be executed.
- Worldtradex places paramount importance on trust and safety, strictly adhering to global compliance standards to protect its traders.
- It’s crucial for scalping, because if the chart moves a bit and i get filled randomly, i can suffer loss even if i hit my desired take profit level because of poor execution.
- Worldtradex advertises free VPS, supporting automated trading solutions.
- In our experience, the 0.2-pip average spread on EUR/USD is far tighter than most commission-free accounts, which regularly charge 1 pip or more for this major pair.
When you have a place where you can trade forex well, you don’t need anything else. And this place is ideal for it.
If an important news event https://worldtradex.bid/ occurs, such as a key economic data release, the EUR/USD dealing spread can widen considerably depending on how much market volatility the event causes. The secure back office of Worldtradex handles all financial transactions. Worldtradex maintains a nice balance of traditional payment processors like bank wires or credit/debit cards, modern e-wallets like Skrill or UnionPay, and cryptocurrencies. Worldtradex holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC).
This is because, both beginners and experts, find the website useful. Worldtradex uses state-of-the-art Secure Sockets Layer (SSL) network security protocol to keep client private information safe. Furthermore, all client funds are held in accounts with major international banks and kept segregated from Worldtradex corporate accounts. New traders have access to fourteen quality educational posts plus a dedicated section on major economic reports. Eleven eBooks complete the education at Worldtradex, and the overall product remains impressive.
Our Worldtradex review experts found that the ECN Standard account had the easiest entry point with an initial deposit of $100. The ECN XL and ECN Advanced accounts require deposits of $10,000 and $100,000 respectively. Worldtradex, from online reviews and forums, is personified as a provider of high quality with a positive rating. Among its transparency, and customer service, which are generally reviewed not to be very high, how it executes its services was the only thing that was not questionable. It is a regulated broker with a Worldtradex review European license, which ensures safety for trading and protection for clients.
Furthermore, the platform supports major cryptocurrencies, offering modern trading opportunities for digital asset enthusiasts. Worldtradex also provides access to stocks and indices, allowing traders to engage in diverse trading strategies. In the following paragraphs, we will explore each of these tradable instruments in greater detail, highlighting the unique features and opportunities they present.
- Like, they dont lure you in with leverage, dont create 15 account types.
- Spreads on other key currency pairs are also competitive, coming in at 0.5 pips on the EUR/GBP and 0.7 pips on the GBP/USD.
- Therefore, professional traders usually avoid trading with any dealing desk brokers and prefer to trade with ECN/STP brokers that offer Direct Market Access (DMA) conditions for the best trading environment.
- As for me, Worldtradex is a great broker specifically for scalpers and traders that cherish the tightness of spreads.
- The platform feels really smooth, its easy to find tools and also navigate, there are also no commissions and deposit fees which makes it more affordable.
Technology and Execution Speed
For example, the EUR/USD spread can be as low as 0.3 pips on the VIP account, providing significant cost advantages for frequent traders. While spreads are slightly wider on Standard accounts, they remain highly competitive, making Worldtradex an appealing choice for traders of all levels. The broker’s objective is to offer attractive spreads across all account types, ensuring traders can benefit from cost-effective trading regardless of their account tier. Indices trading is another key offering at Worldtradex, allowing traders to gain exposure to the performance of entire stock markets through major global indices. Worldtradex provides access to a variety of indices, including well-known benchmarks such as the S&P 500, Dow Jones Industrial Average (DJIA), NASDAQ Composite, FTSE 100, DAX 30, and Nikkei 225. Worldtradex offers competitive spreads and leverage options on indices, facilitating both speculative trading and hedging strategies.
Worldtradex Apps, Mobile Trading Platforms & Customer Support
Licensed under CySEC, MiFID, and MISA, Worldtradex provides competitive spreads starting from 0 with no trading commissions under its ECN XL account, making it an appealing choice for traders seeking low-cost options. Worldtradex’s live chat feature offers instant access to customer support, allowing traders to receive real-time assistance directly from the trading platform. Available 24/5, the live chat service is perfect for quick questions, troubleshooting, and immediate help with trading operations.
Novice traders should have little difficulty finding online assistance about how to operate the MT4 platform and use it to their advantage. Worldtradex ECN XL account holders pay no commissions to trade any supported asset. Dealing spreads for forex pairs and CFDs can vary from 0.0 pips upwards depending on the liquidity and trading volume of the asset involved. Worldtradex provides trading in over 70 major, minor and exotic currency pairs, with especially tight forex dealing spreads. Spot gold contracts for difference (CFD) can be traded against the U.S. dollar and the EU euro, while spot silver, palladium and platinum contracts can only be traded against the U.S. dollar.
Worldtradex stands out as a solid broker choice for traders looking for a low-cost, regulated platform. Its competitive spreads, no trading commissions, and lack of a minimum deposit make it accessible to both beginner and professional traders. With a focus on forex and CFDs, Worldtradex provides a range of tradable instruments, though the absence of stock trading may be a limitation for some. Reliable customer support is essential when trading with any broker, and Worldtradex recognizes this importance by offering efficient and accessible service. Traders can reach Worldtradex’s support team 24/5 through multiple channels, including email, phone, and live chat. This ensures that help is always available, no matter the time or urgency of the inquiry.
Does Worldtradex Offer Low Fees?
This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage. That said, the bonus could not be withdrawn, and if your account balance reaches below 50% of the available bonus credit, the amount will be removed. This is essentially free credit that can be used for trading purposes, and I was pleased on this occasion that there were no minimum trading requirements. I only really missed having PayPal available since this industry leader is one of the most widely used e-wallets and is accepted by rivals, including XTB and IG. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.
Do not follow their own withdrawal policy
So many times my trades were executed at a different price than the one I saw on the chart.Here things are completely different. Plus the spreads are tight.My overall trading experience and profits improve by far just by changing the broker I trade with. As for me, Worldtradex is a great broker specifically for scalpers and traders that cherish the tightness of spreads.
Great Metatrader 4 integration
Terms and conditions do apply to this promotion, especially when it comes to making withdrawals, so make sure you read and understand them before making a deposit. Worldtradex provides access to the widely popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for its reliability and advanced trading features. The platform supports seamless trading across multiple asset classes, including CFDs, forex, and cryptocurrencies, ensuring flexibility for various types of traders.
Worldtradex offers a single yet versatile account type – the ECN XL account, designed to cater to both beginners and professionals. This account features spreads starting from 0 with no trading commissions, providing a cost-effective trading environment. One of the standout benefits of Worldtradex is the absence of a minimum deposit requirement, allowing traders to start with any amount that suits their needs. Worldtradex Forex trading platforms are built on the popular MetaTrader4. The platform works on all operating systems and supports EAs, hedging, and advanced technical indicators, analytical tools, and charting features. Worldtradex offers software that can be downloaded for PC, used as a mobile app for trading on the go, and includes a Multi-Terminal for managing multiple accounts at once.