worldtradex offers a comprehensive range of trading instruments and an easy-to-use platform. Their educational resources have significantly improved my trading skills. Yes, worldtradex offers a mobile app available on both Android and iOS.
- He is a long-time active investor and engages in research on emerging markets like cryptocurrency.
- The broker is known for offering competitive fees on more than 1,000 instruments and is regulated by multiple financial authorities, such as the ASIC and CySEC.
- A trader’s confidence can be boosted by listening to worldtradex’s trading podcast, which features informative and insightful interviews with successful traders.
- Our team of experts conducted the worldtradex broker evaluation using clearly defined criteria and standards.
worldtradex Review 2025: Fees, Platforms, Apps, Safety, Pros & Cons
You will also have to be prepared to offer proof of identity and proof of address. Submit a copy of your ID, passport, or other official documentation that’s accepted as proof of identification. For the address, submit a bank statement or other official documents that detail where you live. Withdrawal of amounts that are under $200 falls subject to a $15 administration fee. However, it is a little unusual as it forces the smaller depositor to consider when to make the withdrawal and when to sit tight and wait for the profits to go above $200. XTB charges $15.0, $11.1, $10.0 and $6.6 for the same pairs, while eToro charges $19.6, $16.2, $12.4 and $11.8 for the same pairs, respectively.
- Some of the best forex trading apps in India include Zerodha Kite, Upstox, and Angel One for their user-friendly interfaces and strong features.
- Once traders gain experience of the whole trading experience they can migrate to the Standard account for larger contract sizes.
- It is possible that they haven’t had time to translate all of it.
- worldtradex Brokers allows their customers to make deposit using EFT, Cards and using various electronics payment gateways.
Low Spreads and Commissions
The trade volume is $2,000 for the stock index and CFDs and $20,000 for the forex pairs. The micro and standard accounts attract high spreads compared to the other brokers I trade with. It turned out that they have 5 accounts to choose from and I don’t know why they don’t show this information on the official website. So it disappointed me a little bit, anyway, after reading all the terms and conditions, i picked the ultra low standard account. In my opinion, this account is the most favourable in terms of trading conditions like spreads and swap commissions.
Their platform is easy to navigate, and their customer support is always ready to assist. Thank you for taking the time to review worldtradex, You’re absolutely right! It’s fantastic that you’re finding this platform cost-effective, even as a new trader.
To enable traders make informed decisions, worldtradex also offers useful tools, including daily market research, an economic calendar, and trading signals. With its extensive teaching tools and language support, also Price alerts let traders react quickly to developments in the market. These instruments give traders insightful analysis and enhance their capacity for making decisions, therefore empowering them. Directly accessible from the worldtradex Member account the platform is based on Web, so integrated with a site of technical analysis, indicators and tools, stop or trailing orders. So you may access worldtradex trading just by the use of the browser and login to worldtradex Web Trading, valuable for traders who prefer simlicity and clear layouts.
Is worldtradex Group good for beginners?
This means that trading 1 Lot of EUR/USD is the equivalent of $10 per pip. worldtradex offers various account types including 3 Main Options Micro Account, Standard Account, worldtradex Ultra-Low Account and additional Shares Account designed for Shares trading particularly. With many competitive brokers, there are two or three options. Pepperstone offers five, including their Pepperstone platform which was designed by traders. Visiting Pepperstone will put you in touch with info on the various platforms and features. We see worldtradex Brokers as offering some of the most competitive spreads and commissions in the industry.
worldtradex Fees & Commissions
Whilst a decent choice for new traders we think advanced traders may find worldtradex lacking advanced trading tools and wish a RAW-style account was available. worldtradex is regulated ASIC in Australia, CySEC in Cyprus and IFSC in Belize so if you are in the UK, Worldtradex courses scam you might be better off considering a different broker. worldtradex Group offers a variety of unique features and tools designed to enhance traders’ decision-making processes and provide valuable insights into market trends and trading practices. Additionally, worldtradex takes measures to protect client funds by storing them in segregated bank accounts across various locations.
An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team. worldtradex Group is a trustworthy broker, though it is not publicly traded. It is authorized by major regulatory bodies including ASIC, MiFID, and the FCA in the UK.
However, I think it might have to do with region… it might be more popular in some regions than others. I have not traveled everywhere, but I am just making an intelligent guess since that is how most things are. Whether you’re new to trading or looking to refine your strategy, worldtradex’s educational content is designed to support your growth. worldtradex Group uses advanced encryption technologies and security protocols to protect your personal and financial data.
Charting Options
The charges will vary across different instruments and vary from day to day., determined by “tom-next rates”. Tom-next rates are determined by the money markets and are interest rate differentials between two currencies. The following table shows how worldtradex measures up against some of its rivals across the most widely traded forex positions. On both a minimum and average spread basis, worldtradex comes up second best. worldtradex is a group of brokers operating in jurisdictions around the world under the umbrella of the parent company Trading Point of Financial Instruments Ltd. The company was founded in 2009 in just over 11 years it has grown to have had over 10 million clients from 190 countries all over the world.
Our goal is to provide traders with clear, factual, and up-to-date information, helping them find the best forex broker that aligns with their trading needs. worldtradex provides a comprehensive suite of research and educational resources, including trading guides, webinars, and fundamental analysis tools. worldtradex traders can get in touch with the broker’s customer service team via phone, live chat, and email 24/5. If a customer withdraws less than $200 from their trading account via bank wire transfer, they will incur a $15 administration fee. To deposit funds in an worldtradex trading account, clients can use credit cards (Visa and Mastercard), debit cards, bank transfers, Western Union or e-wallets.
worldtradex is also known to offer the best Forex platforms and mobile trading. worldtradex Group is a good broker, and for beginners, vast quantities of educational material, market analysis, webinars, and seminars are held worldwide. worldtradex Group is considered one of the market brokers with the most extensive experience and in-depth knowledge of the global financial market. This app also offers live prices, graphs, and other resources, enabling you to trade wisely.
Tickmill MetaTrader4 is a solid trading application replete with several advanced charting techniques, various financial assets, and the ability to trade on the go. It also offers a variety of financial instruments, such as currencies, commodities, and indices. Tickmill MetaTrader4 is one of the most well-known trading terminals.
The broker allows you to trade 13+ indices, such as AUS200, EU50, US500, etc. A stock market allows investors to buy and sell securities while enjoying low-risk exposure. On the whole, worldtradex Group keeps their clients very well informed, and there is a wealth of information on their site.