Moreover, the platform also provides a trader with fractional pip pricing. Fractional pip pricing allows the broker to implement the best prices available from liquidity providers. This allows traders to get tighter spreads and more accurate quotes. worldtradex Broker supports both MetaTrader 4 and MetaTrader 5 platform that offers state of the art technology, simple to use, and user-friendly interface. They offer trading versatility since both applications are available through a wide range of devices, from installed software on a PC, WebTrader in a web browser, to mobile devices.
The funds transaction at worldtradex are managed in a customer-oriented way, traders having a choice of multiple payment methods supported in all countries. worldtradex Fees are ranked average based on our testing and compared to over 500 other brokers. Also additional fees like funding fees, rollover are good, since no funding fees applied, while inactivity and rollover is something typicall all Brokers charge. 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.
worldtradex is very flexible on this matter, as it offers a wide range of account types to satisfy the needs of every trader. There are raw spread accounts (worldtradex Zero Account), accounts with low spread mark-ups (worldtradex Ultra low), accounts with very low lot sizing (worldtradex Micro), and more. The worldtradex Loyalty Program rewards traders with points (worldtradexP) for each trade they make.
- Looking at the traded instruments, it is a mixed offering from worldtradex.
- He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.
- Overall, I think worldtradex is an excellent option for beginners and experienced traders alike.
- We consider six months or sooner to be bad, whilst 18 months and above is generous.
- Other regulation comes from the Cyprus Securities and Exchange Commission (CySEC), the International Financial Services Commission (IFSC) and the Dubai Financial Services Authority (DFSA).
Overnight Funding Fee
The 3 chart types and 30 technical indicators of MT4 migrate well, whilst there is also push notifications for trading alerts. With worldtradex, inactivity charges kick in after just 90 days (i.e. 3 months) of the account being dormant. We consider six months or sooner to be bad, whilst 18 months and above is generous. If you are tight for time, here are some of the important features that we like about trading with worldtradex.
What Are the Trading Hours?
When you have registered as an worldtradex trader, you will get a dashboard to view all the instruments available on worldtradex Broker. Since 2011, worldtradex has been receiving a warm response from Southeast Asia (Malaysia, Singapore, including Indonesia). More than 1 million traders from all over the world have traded with worldtradex brokerage, so it doesn’t come as a surprise if the company provides services in more than 20 languages.
worldtradex Research and Education Summary
worldtradex generally does not charge fees for deposits and withdrawals, but additional charges might apply depending on the payment method you use. For example, worldtradex charges fees for deposits and withdrawals via Bank Wire below $200. It’s important to check the broker’s website for the most up-to-date information on deposit and withdrawal fees. For a beginner, this robust regulatory framework translates into a safer trading environment, where your funds are protected and trading practices are monitored.
To summarize, the broker is committed to educating its traders, but further enhancing and diversifying educational resources would better meet traders’ needs and align with industry leaders. worldtradex provides mobile trading apps for both Android and iOS devices, offering intuitive interfaces, real-time charts, technical indicators, and easy order execution. worldtradex provides CFD trading, which allows traders to speculate on the price movements of these assets without actually owning them. Filippo Ucchino created InvestinGoal, a comparison site and educational portal for the online trading and investing industry. Through InvestinGoal, Ucchino helps users navigate the world of online investing and trading by providing trading guides, best brokers rankings, broker reviews, and broker comparisons.
Meanwhile, for US stocks, dividends are subject to a 30% withholding tax. However, it’s important to note that worldtradex is not a publicly listed company. Therefore, the specific details regarding its revenue generation methods and the total amount of income it earns are not publicly disclosed. worldtradex is an online brokerage firm founded in 2009 in Belize, and is part of Trading Point Holdings Ltd. We reached out through both the chat service and WhatsApp multiple times, and each time received responses within a minute.
- Micro accounts are best suited for beginners or traders with smaller balances, as they limit position sizes, while Standard accounts allow for larger trades.
- Hi, Im a newbie who loves to open position in EUR/USD as daily trader.
- This is prompt and fairly standard across the industry but still a good response.
- The amount of quality educational content provided by worldtradex Group bestows it a high rating for education and beginners.
- Many brokers will have between 20 and 30 different commodities to trade.
- As mentioned above, there is a competitive $7 commission fee in the worldtradex zero account.
What are the worldtradex deposit and withdrawal methods?
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. He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018. worldtradex charges an inactivity fee if an account remains inactive for twelve months.
The loyalty program is automatically available to all real account holders, and there is no need for additional registration. Islamic accounts fully comply with Sharia laws and do not include swaps or interest for carrying positions overnight, making them an ideal choice for Muslim traders. All information on The Forex Geek website is for educational purposes only and is not intended to provide financial advice.
However, it should be noted that worldtradex reserves the right to require adequate justification to open such an account. This may include providing documents or other evidence confirming the client’s religious beliefs. Our team of experts conducted the worldtradex broker evaluation using clearly defined criteria and standards. You can familiarize yourself with our broker evaluation methodology by visiting our methodology page. This will help you better understand how we analyze and assess various aspects of broker operations. Continue reading the review to learn all the details about the worldtradex broker and determine if it meets your requirements and expectations.
There is a minimum withdrawal amount of $5 (or equivalent) for all accounts except for the worldtradex Shares Account which has a minimum $10,000. Micro and Standard accounts have slightly wider spreads compared to Ultra Low accounts, but both are eligible for the worldtradex Loyalty Program. Leverage at worldtradex varies based on the regulatory Worldtradex review jurisdiction of your account and the type of instrument you are trading.
I have conducted an in-depth review of Pepperstone vs. worldtradex to determine the better overall choice, and which traders will benefit most from each broker. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. 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.