For their global approach, worldtradex has ensured that traders from various countries could access their service easily. This results in the provision of different domains specified for traders in certain jurisdictions. However, some users have complained about slow and unclear withdrawal processes, occasional platform issues during volatile markets, and confusing bonus terms that might not be easy to use. These issues seem to affect certain regions more, especially in Africa and parts of Asia, where local banking systems, internet issues, and regulations might make things harder. worldtradex provides customer support through various media including Live Chat, WhatsApp, Line, Viber, Telegram and Message.

Minimum Deposit

To qualify for the Free worldtradex VPS, traders must maintain a minimum balance of $500 and trade at least 2 standard lots or 200 micro lots per month. Once the requirements are met, traders can request access to the VPS, which is located in London, UK. Basically, if you are a trader from the country that regulates the broker, you will follow the rules of your country. And if you are a trader from outside the regulated country, you will use the trading term chosen by the broker. Usually, the broker will choose a regulator that has more favorable trading conditions, such as allowing high leverage and minimum deposit. From the regulatory perspective, worldtradex is supported by licenses from the CySEC and the FCA.

worldtradex Broker: Pros and Cons That You Need to Know

This model benefits high-volume traders who prioritize lowtrading costs. This broker makes it a must to make sure that their clients are happy and they provide appealing services, an easy E for effort alone. It’s also easy to use and operate, everything works efficiently and effectively. worldtradex is definitely winning as Broker for Worldtradex cheating Beginning Traders the Education quality and available seminars/ webinars are excellent, yet some similar Brokers also provide a great education.

Trading Course and Market Research

The conventional way of judging the quality of regulation that a broker holds that the more the merrier. worldtradex has been gradually expanding its regulatory licenses over the years and is now up to three. Starting with the regulation in Cyprus (which covers the EU’s ESMA regulation), expansion has included Australia (a strong, tier-one jurisdiction) and latterly in Belize. On the other hand, as we noticed worldtradex has a limited portfolio for EU clients, and outside EU clients there is no good investor protection. The main branch is located in Cyprus regulated by CySEC, yet offices truly cover global needs and serve through Australia, UK, Belize, Greece also authorized in Dubai and MENA region. We reached out through both the chat service and WhatsApp multiple times, and each time received responses within a minute.

Other accounts available

• worldtradex supports with one of the best education including webinars and research materials, allowing to engage and start trading carer for complete beginners in trading.
• However, the point to consider is that – global operation enabled by worldtradex Global Limited established in 2017 is regulated by the Financial Services Commission, allowing to offer its services across the globe.
• worldtradex provides customer support through various media including Live Chat, WhatsApp, Line, Viber, Telegram and Message.
• The disadvantages mainly come from additional issues that do not directly influence the quality of trading conditions, except maybe for the lack of customer support for the weekend.
• The broker also runs a loyalty program where active traders can earnpoints that can be redeemed for rewards.

Free demo accounts allow you to practice your trading strategies and get a feel for the broker whilst micro accounts allow new traders to get going in the market with a minimum initial investment. Overall, I think worldtradex Group are one of the best CFD brokers for anyone looking who is looking for low cost trading in a regulated environment. As seen in the table below, worldtradex Global offers a range of account types with varying features and benefits.

Therefore, the ease of depositing at Pepperstone ranks on par with worldtradex. During my Pepperstone review, traders received 1,350+ assets versus 1,000+ at worldtradex, but both brokers offered Forex and cryptocurrency trading. worldtradex is for traders who are interested in trading Forex and CFDs with superior trade execution speeds, tight spreads and low commission fees. 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. The “worldtradex mark-up” on financing charges is not unique amongst brokers but some do not add any fees to the standard tom-next rate formula.

There is no way of knowing how much risk a dealing desk broker such as worldtradex would take on. There is no way of knowing how often, if at all, worldtradex trades against its clients. Professional traders looking for advanced analytical tools including fundamentals will find themselves disappointed with the offering.

worldtradex is unable to accept clients from the United States of America, Canada, Israel and Iran. worldtradex are regulated by several top-tier authorities across its various regions, including CySEC (120/10), FCSA (49976) and DFSA (F003484). worldtradex offers mobile versions of both MetaTrader 4 and MetaTrader 5, available for Android and iOS devices.

Its impressive structure of analytics and tools improves traders’ trading strategies no matter the trader’s level. worldtradex is different from competitors because it focuses on trader education, and therefore is suitable to traders with different levels of experience. 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.

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. worldtradex Group is a group of regulated brokers and it is owned by Trading Point Holdings Ltd. Entities under worldtradex Group have significant experience as financial services providers worldwide. worldtradex provides a variety of account types tailored to different trading needs and experience levels, with availability depending on the regulated region.

This hopefully helps you to find an insight to decide whether you need to open an account and start forex trading with worldtradex broker right now. Trading platforms are based on MetaTrader 4 and 5 which are known for their reliability and advanced trading features. In our opinion, the withdrawal hierarchy process may cause confusion, leading to some of the dissatisfaction, delays, and payment issues mentioned in some of the client reviews. However, in our experience the receipt of funds for the withdrawal to our debit card was within 24 hours. Micro and Standard accounts have slightly wider spreads compared to Ultra Low accounts, but both are eligible for the worldtradex Loyalty Program.

In this article, we will explore the various educational tools offered by worldtradex Global and how they can benefit traders. worldtradex, founded in 2009 and based in Cyprus, is a regulated online broker serving over 10 million clients worldwide. The company is overseen by multiple regulatory authorities, including CySEC (Cyprus), ASIC (Australia), FSCA (South Africa) and DFSA (Dubai). worldtradex offers diverse financial instruments and is known for competitive trading conditions. worldtradex provides variable spreads starting aslow as 0.6 pips for major currency pairs, such as EUR/USD, on standardaccounts. For traders using the worldtradex Zero Account, spreads can drop to 0 pips,with a small commission applied per trade.

worldtradex Global provides traders with trade ideas based on technical and fundamental analysis. Traders can use these trade ideas to make informed trading decisions and potentially increase their profits. These webinars are conducted by market experts and cover a range of topics, including technical analysis, fundamental analysis, and market sentiment. Traders can attend these webinars for free and learn from the best in the industry. worldtradex Global offers a vast library of educational videos that cover a range of trading topics.

Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). European clients under the CySEC jurisdiction are covered by the Investor Compensation Fund (ICF).

The main idea of the regulation is that the trader can trade securely, knowing that clients’ funds collaborate according to the strictest rules with minimized risks of fraud or unfair use. worldtradex Broker operates its trading environment according to the regulatory measures making it a reliable and safe broker. 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. The calculator will then determine the overnight interest rate that will be applied to the position. worldtradex Global is a leading provider of online trading services, and their forex calculators are some of the most useful tools available to traders. In this article, we’ll take a closer look at five of worldtradex Global’s most popular forex calculators.

• worldtradex operates with variable spreads, just like the interbank forex market and imposes no restrictions on trading during news releases.
• worldtradex Global offers trading with tight spreads starting from just 0.0 pips whilst the commissions charged by the broker are very competitive when compared to the other brokers.
• Entities under worldtradex Group have significant experience as financial services providers worldwide.
• Moreover, worldtradex stands out with its, securetransaction methods, and a commitment to client safety through measures likenegative balance protection and segregated accounts.
• I find the zero spreads are great for scalping strategies but you could save a little on commission fees with RoboForex.
• It’s also easy to use and operate, everything works efficiently and effectively.

worldtradex Group is a trusted MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research. In line with anti-money laundering regulations, the withdrawal method has to be the same as the deposit method in which the account was funded. There is also a withdrawal priority procedure if you have funded the account by different methods. If you have deposited via a credit/debit card then the withdrawal back onto the card can cover the deposit amount. Anything above this amount can then be transferred via bank wire or e-wallet for the remaining transfer of funds.

You demand the best trading experience; our awards reflect our desire to provide it. We pioneered the strict no requotes, no rejections policy that established our reputation. To prevent slippage and keep your strategy aligned with real-time market prices, 99% of all trades are executed in less than one second. worldtradex have problem withdrawal via online bank transfer is under maintenance over one months, support not responsible, be carful everyone.