worldtradex Review 2025 Pros, Cons & Key Trading Features

By following these steps, US traders Worldtradex forex brokers reviews can take advantage of the many benefits that worldtradex Forex has to offer. Yes, worldtradex offers a demo account that allows traders to practice and familiarize themselves with the platform without risking real money. The Ultra Low account with below-market average spreads makes the fees more attractive to some traders. Still, the Standard account with above-market average spreads, swaps, and possible inactivity fees balances out this advantage. We like the fact that worldtradex does not charge any fees or commissions on withdrawals across payment methods. The only exception to this is with Wire transfers less than $200 which incurs a $15 charge.

Unlike other accounts, where the base currency options are 9, for the holders of worldtradexs Ultra-low accounts, there are only six base currency options. Beginner traders can use a demo account as a way to learn more about the Forex trading market. Experienced traders can find a demo account useful for testing out new trading styles and finding out what works best for them. These licenses allow worldtradex to offer services to traders in different parts of the world. Thanks to the CySEC license, this broker has access to the whole European market, while the license from Belize allows it to offer services to numerous jurisdictions around the world.

• worldtradex’s VPS service is an excellent addition to the broker’s trading capabilities, ensuring high-speed execution of transactions and trading reliability.
• Moreover, traders cannot trade bonds, options or ETFs with this broker.
• Among the indices available on worldtradex are AUS200Cash, SWI20Cash, US500Cash, and many others.
• The broker keeps clients’ investments in segregation with its own capital, ensuring clients have real-time access to their funds.
• Islamic accounts are also available to enable shariah practising clients to trade preferred financial instruments without compromising their religious beliefs.

In this case, a one-time account maintenance fee of 15 USD (or the equivalent in another currency) is charged, followed by a monthly fee of 5 USD for each month of inactivity. The broker reserves the right to change the inactivity period at its discretion, making it essential to regularly monitor the account status. The worldtradex VPS service is provided on favorable terms as part of a promotion. Clients with a balance of at least $500 and a trading volume of at least 2 standard lots or 200 micro-lots per month can connect to VPS for free. Other clients can connect to the service for a monthly fee of $28.

Having regional offices in Greece, Cyprus and Australia, the company serves clients worldwide. While its product portfolio is not as extensive as other brokerages, clients can still find sufficient tradable assets to trade across multiple financial markets. The broker keeps clients’ investments in segregation with its own capital, ensuring clients have real-time access to their funds. Although the broker doesn’t have a proprietary trading platform, the company satisfied clientele trading needs with third-party trading platforms like MT4 and MT5.

worldtradex Web Platform

In contrast to some other brokers that charge an admin fee after a certain time period. To open an Islamic account, traders must first create and verify a regular account, then request the Islamic option. Trading in forex, stocks, cryptocurrencies, CFDs, indices, and commodities carries the potential for financial loss and may not be suitable for all investors.

When creating a demo account, the broker will provide you with a certain amount of virtual cash, which can be used for trading. You can use this virtual cash for as long as you want to and if you run out of virtual money, you can always contact the customer support of worldtradex and ask them to provide more. To match the interests of different traders, worldtradex has worked very hard to offer a diverse array of account types. Thus, the broker is able to offer traders services that work perfectly for their trading needs. However, electronic wallets such as Moneybookers, Skrill, and Neteller as well as credit cards and bank wire transfers charge $5 of the deposited amount. worldtradex offers clients several mobile and desktop versions of both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.

Commodities

Since its founding, the broker has experienced a lot of changes, including the addition of the Ultra-Low Account and EN Live Edu that is instructed by 16 global experts. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. As a multi-regulated online broker, worldtradex must adhere to strict compliance guidelines.

There are numerous research tools available for traders, to ensure that they are able to understand price movements in greater detail. The broker also offers daily analysis and news articles, to keep you in touch with the most important events happening in the market. It is a very common practice for Forex brokers to charge an inactivity fee. This type of fee on worldtradex is charged when your account remains inactive for a certain amount of time. This means that if there has not been any trading activity recorded on your account for over a year, you will be liable to pay this fee.

Order Types at worldtradex

• worldtradex is registered and regulated in several countries, with its primary registration and headquarters located in Cyprus.
• worldtradex offers MetaTrader 4, MetaTrader 5, Social Trading, Web to cater to the diverse needs of its clients.
• This model allows worldtradex to set its own bid/ask spreads, which may vary, and act as the counterparty to client trades.
• Once you have deposited funds and chosen your trading platform, you can start trading.
• For example, if you have not used a credit card or a crypto account for deposits, you do not need to create one for withdrawals.

The broker is licensed by five regulatory agencies around the world. This includes tier-1 regulatory bodies such as the FCA of the UK and ASIC of Australia. It is also licensed in Cyprus, which allows it to offer services throughout Europe, and Belize’s FSCA, which is an international regulatory body. After some thorough and detailed analyses of everything that worldtradex has to offer, we are very glad to say that this broker can easily be trusted by traders around the world.

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Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose. Besides lots of currency pairs, worldtradex also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Stocks, Commodities and Indices for your best choice. To protect the client’s fund in the event of extreme volatility, worldtradex presents each account type with Negative Balance Protection.

Standard account of worldtradex

These programs compensate account holders in the event of a brokerage firm’s financial collapse or its inability to make customers whole on their account balances. The regulators also require worldtradex to segregate client money in separate bank accounts at top-tier financial institutions. You can trade all the instruments available at worldtradex on the MT4 platform except individual stocks, which can only be traded on MT5. Traders with Micro and Standard accounts pay the worldtradex variable spread on CFD trades instead of a commission. worldtradex’s forex fees are average and you can also expect to pay an inactivity fee if your account is dormant for more than 90 days. worldtradex appeals to traders across the world who can rely on support in their language.

News & Market Analysis

This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice. The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review.

Furthermore, the Shares account (only available to worldtradex Global) needs a minimum deposit of $10,000. worldtradex does not appear to offer STP (Straight Through Processing) or ECN (Electronic Communications Network) trading accounts. So there is no Direct Market Access and it means that worldtradex can set the price that traders receive. Across is Standard and Micro accounts, worldtradex looks to make money on the trading spread rather than charge commissions.

While the platform is accessible to users from around the world, there are some specific considerations that US traders must take into account when using worldtradex Forex. In this article, we will explore the steps that US traders can take to use worldtradex Forex effectively and safely. While the platform is accessible to users from around the world, there are some specific considerations that US traders must take into account when using worldtradex Forex…. There are 1,500+ worldtradex trading instruments and the broker seems committed to providing first-rate services in the foreign exchange market.