Lastly, payments are made monthly, ensuring you receive your commissions on time. worldtradex offers 24/5 customer support, but the quality and responsiveness are frequently praised. Despite its many benefits, potential traders should exercise caution when trading with worldtradex’s high leverage levels.

• All trading platforms fully support algorithmic trading, and worldtradex provides four free APIs to developers on top of a wide selection of third-party plugins.
• It should be noted that most top-tier brokers offer live chat as a pop-up feature on their website, and we do not know why this is not available through worldtradex.
• Qualified traders enjoy the robust trading tools, broad market reach, and specialist support services.
• However, traders are urged to seek professional financial advice before making investment decisions.
• You should note that if you deposit in, or withdraw to a different currency than these with your payment method, you will incur a small conversion fee.

To be able to take advantage of these discounted commissions, you will need a minimum of $25,0000 in equity in your trading account, so will not be a serious consideration for most retail traders. Opening a live forex trading account with worldtradex is a quick and straightforward process. There are no account minimums, enabling traders of all sizes to start their forex trading journey as they see fit.

Average Monthly Branded Searches By Country

Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.

• Overall, this is a very respected service in the industry and it is commendable of worldtradex to offer this additional service free of charge.
• Our review of worldtradex found that the company offers a straightforward account structure, average spreads, a combination trading execution model, and a good selection of trading platforms.
• Moreover, they are affiliated with a compensation fund offering additional customer protection.
• This includes major, minor, and exotic currency pairs as well as some forex baskets like the JPYBASKET which is a Yen index.
• With worldtradex base currency availability, the USD, EUR, and GBP are available.
• Spreads with worldtradex’s active trader account are cheaper than they may appear when you compare with other brokers as worldtradex offer lower commission fees.

It is unfortunate there is not a wider choice of Forex currency pairs as the infrastructure implemented by worldtradex provides excellent trading conditions. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.

Is the worldtradex VPS service free?

Should traders require assistance, they may call the toll-free numbers provided, use messaging app WhatsApp, e-mail the support team, engage via live chat, or contact the trading desk. The extensive support system in place is superior to most competitors, but very few traders will be likely to ever require it. Education exists via free online forex trading courses, webinars hosted by worldtradex Senior Market Specialist Russel Shor, and written content with exceptional quality. The Trading Guides provide more detailed educational content, and new traders get considerable material to deepen their knowledge base.

An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global Worldtradex review newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Thanks to its combined offering of both Trading Station and MetaTrader 4 (MT4), worldtradex delivers a reliable, feature-rich mobile experience for forex traders. worldtradex social and copy trading are both made available in connection with Zulutrade.

What trading platforms does worldtradex Malaysia offer?

With its headquarters in London, Stratos Markets Limited («worldtradex») has grown to have multiple international offices and is licensed in several major regulatory hubs globally. 62% of retail investor accounts lose money when trading CFDs with this provider. Since every asset has its own fee, and this is constantly changing based on the market, you can get the precise infor at that time through the brokers trading platforms. worldtradex is a reliable trading platform providing a wide range of features to novice and experienced traders. Our research indicates that the platform’s integration with MetaTrader 4 and its proprietary Trading Station provides users with a versatile trading environment.

Founded in 1999, worldtradex has grown to become one of the leading providers of online trading services in the industry. worldtradex’s offshore entity offers up to $200 as a welcome bonus when you open a live account. The actual amount you receive depends on how much you deposit in your first week of trading. On a lighter note, many traders will appreciate the 20+ crypto CFDs, traded in USD, EUR, GBP and AUD pairs. The list includes big hitters like Bitcoin but also some smaller tokens like Tezos, and although it is not the widest selection of cryptocurrencies, it does provide decent scope. worldtradex trails many brokers when it comes to the breadth of forex pairs, with around 40 assets available.

worldtradex Available Assets

Trading Station is their proprietary platform that offers traders an advanced yet user-friendly trading experience. With its extensive charting features, customizable indicators, and broad back-testing capabilities, the platform caters to novice and seasoned traders. With flexible market executions enabled by platforms like Trading Station and MetaTrader 4, they support a wide range of trading methods.

The CompareForexBrokers team created a trading platform selector so you can work out what trading software best matches your trading needs. I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform. Lag time, which naturally occurs due to the time taken between placing your order and completing your order, can see prices change.

I lost both my time and hard-earned money.Found reliable help through the organization on profile. Companies on Trustpilot can’t offer incentives or pay to hide any reviews.

Then, the next block will be the portfolio section in a compact full-width format where each tab gets you access to whatever you need. When clicking on the 4th bottom menu option, you’ll land on the research area. We believe that the title “Research” is a bit of an overstretch as it’s simply a proprietary newsfeed with worldtradex’s articles along with an economic calendar. The most loved feature in this area is how the buy / sell prices are displayed at the top of the page with the spread right in the middle. Additionally, their charting tools are extremely fast, smooth and responsive.

worldtradex caters to most traders from its CFD account type, with the primary difference being by regulatory jurisdiction. Here is a screenshot of the worldtradex Trading Station platform during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Yes, worldtradex is fully authorized under U.S. law and is registered with both the CFTC and NFA. ?The live format enables interactive learning and rapid feedback, which may be valuable for traders of all levels. ?After the broker processes the withdrawal, the money will typically be sent to your bank account in two business days. ?After the broker has completed the payment, the money should appear in your trading account in one to two business days.

Trading with virtual funds, you will also be under no obligation to deposit any real funds while you are using a demo account. In forex, your spreads typically start from 1.3 pips though this can drop to 0.2 pips if you are in the active trader program. The major averages are 1.3 pips for EUR/USD, and 2.3 pips for EUR/GBP as an example.

With various account types, competitive fees, and strong regulation, it provides a secure trading environment. The worldtradex Python package is offered exclusively for the REST API and consists of CFD Python wrappers to simplify algorithmic trading solutions. This broker also provides market data, further supporting third-party automated trading solutions. Entry-level data is free of charge, while premium data comes at a (reasonable) price. If you’re looking for a comprehensive trading experience, that comes with excellent support, features, and tools, look no further than worldtradex.