Low minimum deposit requirement of 5 USD on all account options, making it great for novice traders. worldtradex offers a modern and easy-to-use trading platform that works well for traders at all levels. The layout is straightforward, making it easy for beginners and experienced traders to find their way around. There is a good range of trading instruments, including forex and CFDs, and plenty of educational materials like webinars and tutorials to help you learn. worldtradex is regulated, which adds to its credibility, and their 24/7 multilingual support means you can get help whenever you need it, which is a big plus.
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. In other words, opening a trade with the Micro account, a 1 Lot position on EUR/USD gives you exposure to $0.1 per pip (or 10 cents per pip) movement.
Allaccounts offer negative balanceprotection, hedging and Islamic options as standard. Given a minimal initial commitment of just $5, worldtradex appeals especially to beginners. Through MetaTrader 4 and 5, the platform offers easy-to-use interfaces; additional exceptionally well-designed and performed educational tools like webinars and market analysis round out this aspect. For both new and seasoned traders, worldtradex is a good option because it offers affordable costs, first-rate customer service, and strong instructional tools combined.
Wide Range of Trading Assets
Another entity Trading Point of Financial Instruments was established in 2015 in Australia and is regulated by the Australian Securities and Investments Commission (ASIC). Read more, why trade with Australian Brokers by the link so the regulatory obligations are covered at a sustainable level as we see through our worldtradex trading Review. The worldtradex Swaps Calculator is a tool that allows traders to calculate the overnight interest rates that are applied to their positions. Swaps are the interest rates that are charged or credited to a trader’s account for holding a position overnight. worldtradex Pip Value CalculatorThe worldtradex Pip Value Calculator is an essential tool for forex traders who need to calculate the value of a pip.
- I think I am going to recommend the broekr to my trading friends to let them save on fees and see market updates without a problem.
- You can access technical summaries of your favourite instruments with a few clicks and stay informed of economic events with an economic calendar.
- For newbies, worldtradex is one of best broker because of its easy-to-use platforms, a low minimum deposit of just $5, and wealth of professional Forex Education and materials.
- In conclusion, worldtradex Global offers a wide range of educational resources to traders of all levels.
The website suggests that worldtradex offers 1377 instruments, but the vast majority of these are stock CFDs. Beginner traders who have done even minimal shopping around for brokers will by now have realised that the MT4 platform is available everywhere. Some of the bigger brokers will offer their proprietary platforms to trade on, whilst others will offer other third-party platforms for variety. Inactivity fees are another of the important non-trading fees that you can incur.
Leverage
The Micro account gives you all the same features as the Standard account, however, the equivalent contract size of trading 1 Lot is 100 times lower. Notable countries that traders will not be able to sign up from including the US, Canada, China and Japan. Furthermore, there are other notable countries that traders are restricted from trading with worldtradex.
Client funds at worldtradex are stored insegregated accounts, completely separate from company operations, offeringprotection against any misuse. Furthermore, the broker uses SSL encryption tosafeguard personal and financial data, Worldtradex courses scam ensuring a secure trading environmentfor all clients. worldtradex is a famous broker, so I didn`t have any doubt and hesitation to start trading with them. It was convenient to trade on both app and MT5 web platform, combining the charts analysis on the web with the opening of the positions through my smartphone. I could choose the leverage and quite low lot sizes that was an accessible way to trade, even though my account wasn`t large.
Enjoy a premium experience designed for seasoned traders with rewarding benefits including access to the widest selection of advanced trading tools available. Pepperstone is good for beginners as it offers cutting-edge trading tools, free education, and micro-lot trading. Pepperstone has a commission-free and a commission-based account, but the core trading fees are identical. worldtradex is an online trading broker that belongs to Trading Point Global Ltd. The broker was founded in 2009 and currently provides its services to clients from 196 countries. The broker is regulated in various jurisdictions by the ASIC, CySEC, DFSA, and IFSC.
Any rates, terms, products and services on third-party websites are subject to change without notice. When it comes to client money safety, worldtradex adheres to the strictest requirements. As a result, the broker client’s funds are stored in segregated accounts at top-tier international institutions like Barclays Bank. Trading Point MENA Limited is regulated by Dubai Financial Services Authority (DFSA).
- worldtradex accepts deposits from the most popular credit/debit cards, bank wire transfers, and some e-wallets.
- The worldtradex Swaps Calculator allows traders to input the currency pair they are trading, the lot size, the direction of the trade (buy or sell), and the current exchange rate.
- These instruments include currencies, commodities, stocks, and indices.
- If you have deposited via a credit/debit card then the withdrawal back onto the card can cover the deposit amount.
- They also have worldtradex web trader which allows you to trade through your web browser without the need to download any software.
The calculator is powered by real-time rates and is updated continuously, ensuring that traders always have access to the most current exchange rates. According to their website, standard ultra offers a higher minimum lot requirement. This is accomplished by always keeping watch and adapt to the latest technologies and industry trends. worldtradex will never compromise any factor that might affect client performance, and this helps them deliver tight spreads and best execution. To protect customers’ funds, worldtradex also features a stop-out level mechanism. The stop-out level is set so that when the equity level reaches a certain point, it will automatically close the clients’ floating positions.
This flexibility allows traders tochoose the cost structure that best aligns with their trading strategies. For newbies, worldtradex is one of best broker because of its easy-to-use platforms, a low minimum deposit of just $5, and wealth of professional Forex Education and materials. worldtradex also offers a virtual fund trial account so newcomers may practice free from danger with Demo Trading. Lastly, worldtradex offers a conducive environment for inexperienced traders to grow their abilities and confidence in the market by including negative balance protection and 24/7 multilingual customer assistance. worldtradex Global offers competitive spreads on a wide range of financial instruments, including currency pairs, commodities, indices, and cryptocurrencies. The worldtradex broker offers variable spreads, depending on the type of account used.
worldtradex Trading Experience Score
Take advantage of our promotions and demo account to practice risk-free. Master the markets with insights from our team of more than 70 expert educators and free educational resources. The broker does not charge any deposit or withdrawal fees except the deposits made via bank transfers of less than $200. The broker does not allow cryptocurrencies to be used as a payment option, but Axi do if that is something you are looking for in a broker.
worldtradex Broker Review
All deposits via credit/card and e-payment options clear into your account instantly. The Standard and Micro accounts have a minimum deposit of just $5 (or equivalent denomination) to start trading. However, for the worldtradex Zero Spread account, there is a $100 minimum deposit. Furthermore, the Shares account (only available to worldtradex Global) needs a minimum deposit of $10,000.
worldtradex prides itself to be the ideal broker in trading execution, offering a stat of 99.35% orders to be executed in less than 1 second. Trading in worldtradex would be also provided with a strict no requotes policy, no virtual dealer plug-in, no rejection of orders, real-time market execution, and the choice for traders to place orders online or by phone. worldtradex Global offers a similar selection of instruments and provides higher leverage options in some instances. It includes more than 50 cryptocurrency CFDs available only in regions regulated by the Financial Services Commission (FSC) of Belize.
We Give Every Client the Best Possible Trading Experience
They also have worldtradex web trader which allows you to trade through your web browser without the need to download any software. Futures CFDs are available on several assets including Precious Metals, Palladium and Platinum, Energies, Brent, London Gas Oil, Natural Gas, WTI Oil and WTI Oil mini. Over 1,200 stock CFDs, more than 100 traditional stocks (subject to regional restrictions), 12 turbo stocks (subject to regional restrictions), more than 20 indices, and over 5 commodity CFDs are available. worldtradex unfortunately cannot accept clients from the residents of certain countries, such as the United States of America, Canada, Israel and Iran. worldtradex offers Forex, Stock CFDs, Turbo Stocks, Commodities, Indices (Equity and Currency), Energies (Cash and Futures CFDs), Precious Metals (Spot and Futures CFDs), Thematic Indices and Crypto CFDs. Whenever you need us we’re just a few seconds away, 24/7, in extensive language options.