Because of their standing as a super discount broker, it would be unreasonable to expect worldtradex’s research suite to stand up to a research-heavy broker like Fidelity. Additionally, this broker is more marketed to the self-directed trader who likely has their own research sources they pull from. With that being said, worldtradex’s research offerings are very weak compared to the rest of the industry. worldtradex offers both iOS and Android versions of their mobile app. Both offer very basic functionality, but not any less than one would expect from a lower-end brokerage’s app. Actions like simple trade orders, simple charting and checking quotes are offered.

A consistent theme across reviews is worldtradex’s limited educational resources compared to full-service brokers. Multiple user assessments directly state the broker “lacks educational material,” making it potentially challenging for beginners seeking to develop trading skills. worldtradex is a financial services provider operating globally and the broker is regulated in Cyprus. The company was founded in 2007 and since then has managed to attract 155,000 active traders from 130 countries.

However, they do lack futures or forex trading, which may turn off some traders who want to focus on those strategies. As mentioned above, worldtradex’s accountstructure differs from the tiered approach common among brokers. They offer three forextrading account types, as well as a demo account. worldtradex offers its users a wide selection of assets to purchase and trade, in addition to 5 of the main cryptocurrencies. The brokerage is secure and reliable, and is certified in the US, EU, and UK. The commission fees are very low, and you’ll also be able to use the platform on all of your main devices (mobile, desktop, the web).

• The availability of various account types and the integration of MetaTrader 4, MetaTrader 5, and other advanced platforms make it a strong choice for active traders.
• worldtradex used to be one of the cheaper options, but with the rise of companies like Robinhood, Webull, and Firstrade, there are now cheaper alternatives.
• worldtradex also offers a professional account for high-volume traders with a minimum deposit of $5000.

Research Tools

What they lack in research and infrastructure, they make up for in low fees. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money.

worldtradex is best for the self-directed short term trader for whom $4.99 commissions from a big-five broker is too expensive. It is best if you have your own research sources that you pull from, as worldtradex’s offerings are almost nonexistent. Additionally, this trader should be good at troubleshooting platform issues, as the customer service is not as reliable as a larger broker either. If a trader can put up with these drawbacks, they enjoy reduced commission rates. StockHax strives to provide unbiased and reliable information on cryptocurrency, finance, trading, and stocks.

This type of derivative allows traders to go long or short on currencies. CFDs can also Worldtradex scam be traded with leverage, which increases potential returns (and losses). Other fees to be aware of are the swap fees that are charged on positions held overnight. Traders should also keep in mind that triple rate swap fees are charged on a Wednesday. However, this broker’s low Trustpilot rating (2.5/5) and limited worldwide availability (only 33 countries) make it not the best option for everyone. The verification process typically takes 1-3 business days, depending on the accuracy and completeness of the submitted documents.

Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. worldtradex’s commission structure may beattractive to cost-conscious traders. They offer a wide range of assets, andtheir minimum deposit requirements are relatively low. Additionally, theyprovide a greater selection of trading platforms than many other brokers. worldtradex provide asset management on stock markets of North America and Europe, in collaboration with a leading Russian investment holding, FINAM. Using their trading strategies, the broker can manage client capital by investing in stocks of leading US and global companies that are traded on the major exchanges NYSE, NASDAQ, BATS, etc.

We may receive commissions on purchases made from links in this article. Our editors independently researched the information in this worldtradex review. However, if you’re a neophyte (a little green behind the ears), your first consideration may be the kind of support and training you’ll receive. A margin account requires a minimum balance of $25,000 to qualify for the Per Share Plan. Overnight funding fees and other transaction charges, require detailed understanding on the worldtradex platform. Doing so will help you know how the fees work and how to apply them.

Low Fees

I like how there are accounts for different trading styles and flexible payment options fund your account. They cater for beginners with lots of helpful educational content and practice accounts. If you are an institutional trader then you will be impressed with the FIX API connectivity and managed accounts whereas there is the professional account option. If you are looking for a convenient way to trade the markets, I would certainly give them further consideration. worldtradex is an online broker that gives you access to a full range of trading products, services, accounts and platforms.

worldtradex Broker Trading Platforms and Apps

There is an abundance of high-quality research that covers all financial markets and instruments which can help to inspire trade ideas. It is quick and easy to get started with an account from just $100. Alternatively, you can open a free demo account if you prefer to get a feel for what the broker has to offer. This can be a great way to see if they will meet your specific needs.

We also offer real-time stock alerts for those that want to follow our options trades. You have the option to trade stocks instead of going the options trading route if you wish. With low rates and a suite of platforms, worldtradex aims to meet the needs of various traders. The first option is Joint with Rights of Survivorship (JTWROS), and the second is with Tenants in Common (JTIC)s, which offers custodial and trust accounts.

worldtradex Broker Customer Support

The broker’s self-service resources receive generally positive mentions, with users appreciating the detailed FAQ section and platform demos. worldtradex ensures its traders have a robust set of tools at their disposal. The broker also offers a range of trading platforms, like the renowned MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are famous for their comprehensive charting tools, user-friendly interfaces, and algorithmic and copy trading support. Additionally, worldtradex offers its proprietary platform, designed to cater to its customers’ specific needs. Unlike, the traditional “discount” brokerage firms like TD Ameritrade and Scottrade, worldtradex has very little infrastructure, opting for a more lean business to justify their low fees.

Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-based MT5 Global account. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. They have mobile-optimized charts, multiple order types and facilitate one-click trading. There is a blog, an index of financial terms and a collection of research notes (both a subscription and a historical library).

• worldtradex offers a wide range of tradable instruments, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks.
• However, research tools and educational resources are frequently cited as areas where larger brokers maintain significant advantages.
• That being said, their customer service reputation is less than stellar.
• Other brokers with managed accounts to consider include Key to Markets.
• We do not provide financial advice, offer or make solicitation of any investments.

Is worldtradex A Good Or Bad Forex Broker?

The Bullish Bears trade alerts include both day trade and swing trade alert signals. These are stocks that we post daily in our Discord for our community members. Brokers brag about their rates, like chat rooms claiming to help thousands of traders. Finding the correct broker and subscribing to the right education program took me a long time. worldtradex provides a demo for each of the platforms to help you choose.