Our mobile trading app gives you access to global markets anytime, anywhere. While worldtradex does allow scalping, since most accounts are commission free, their spreads will be wider compared to a RAW account. For this reason, there are better brokers to consider but if you wish to scalp trade with worldtradex, your best account would be worldtradex Ultra Low Account. To start trading with worldtradex, an initial minimum deposit of $5 is required for Micro and Standard accounts, $5 for Ultra-Low accounts, and $5 for Zero Accounts and Professional Accounts. If you wish to use their Shares account, you are required to have a $10,000 minimum deposit. As opposed to MT4, which is appropriate for trading via decentralised exchanges (e.g. forex), MT5 is a multi-asset platform that allows for more diversified market access.
- As for my experience, it is most likely the same as most of the clients of this company.
- Additionally, worldtradex provides over 20 equity index CFDs, 5 commodity CFDs, and futures CFDs on various assets, including precious metals and energy markets.
- So, you can trade with confidence, knowing there’s a safety net if you need it.
- Our mobile trading app gives you access to global markets anytime, anywhere.
MT5 Platform Features:
This regulatory framework ensures compliance with various standards, although local restrictions may apply to residents in specific countries. Your trading account synchronizes across all devices, allowing you to start a trade on your desktop and monitor it on your mobile. This process is backed by rigorous testing and research, conducted by a team of traders and industry experts.
- The fact I got like 3 different types of bonuses, just for opening and depoing, I think goes a long way.
- Whether you’re a desktop or smartphone trader, MT5 is just a few clicks away.
- Even if you use micro lots, a trade of 0.01 lots will indicate placing an order of 1,000 units of your base currency.
- Download the worldtradex app for your iOS or Android device and enjoy the full power of MetaTrader in your pocket.
- And I just like it, so I dont need like extra arguments to trade it lol.
- worldtradex have put quite an effort into their Education segment, which you can find after clicking on “Discover” on their menu.
By safeguarding client funds and offering negative balance protection in specific jurisdictions, worldtradex prioritizes a secure trading environment, establishing itself as a trustworthy and reliable choice for traders. However, brokers like IG or CMC Markets provide more options for those seeking a broader variety, particularly in stocks and cryptos. BlackBull also offers a superior range of overall trading opportunities, with over 26,000 instruments available to suit various trader preferences.
worldtradex Review Of 2025
Overnight fees, common in the industry, apply to cash instruments held overnight and are reasonable. The broker also waives deposit and withdrawal fees, although bank transfers might incur a small fee. For day traders seeking even lower spreads, the Zero account provides raw spreads from 0.0 pips with a commission of $3.50 per lot per trade. Skrill and Neteller e-wallets offer nearly instantaneous deposits and withdrawals for even faster options. worldtradex also provides region-specific local payment methods, such as PayTrust88, that depend on your location. worldtradex also offers demo trading accounts, providing a risk-free environment in which to explore its platforms and available assets.
Competitive Spreads
Deposits into worldtradex trading accounts can be made in various currencies, including USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR and USDT. It is possible to make deposits in other currencies outside these listed but there will be exchange fees. For beginners, the Micro Account at worldtradex is ideal for managing smaller trades with lower risk. Experienced traders may prefer the worldtradex Zero Account for its lower spreads and cost efficiency. Our goal is to provide traders with clear, factual, and up-to-date information, helping them find the best forex broker that aligns with their trading needs.
Speaking of tools and instruments, then there is a surplus of them, definitely not a shortage. It’s noticeable that providing excessive number of tools is their priority. They’re not here for 1 day and are not trying to ‘wow’ or bedazzle, no fancy sales or offers, but I don’t need that so I’m quite fine. They’re doing fast withdrawals for me, they have decent spreads for the forex majors.
Trading Conditions
Experience ultra-fast order execution with no requotes or rejections. worldtradexs affiliate program has a commission of $25 for each lot referred. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community.
Economic Calendar and Market Sentiment Tools
Just install your favorite https://lunarcapital.net/ copy-trading software and watch your account mirror the copy-trading source that you chose. Net accounts are especially useful when you want to be able to add and reduce your position size. What this means is that your free margin must always be above 50%. If it falls under this value, the platform will start to automatically close your positions to keep the free margin above the threshold.
Start trading on one of the best multi-asset platforms in the industry and leverage the power of a global broker. 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. Additionally, there are live trading education sessions, video tutorials, and platform guides for both beginner and advanced traders. The key point is that you must follow the withdrawal hierarchy for the deposit methods you have used before selecting any other withdrawal option.
These regulations are designed to protect investors, ensure fair and transparent operations within the forex market, and maintain the integrity of the financial system. The most popular forex broker regulators are NFA, ASIC, FCA, CySEC, and so on. The worldtradex Loyalty Program rewards traders with points (worldtradexP) for each trade they make. It has four tiers—Executive, Gold, Diamond, and Elite—with higher tiers offering more points per trade. These points can be redeemed for trading credit, and they don’t expire.
Trading Calculators
However the broker falls a bit short on crucial areas such as high trading costs, especially compared to brokers like Pepperstone or IC Markets. The lack of deposit and withdrawal methods and sub-par 3-rd party user reviews are also notable downsides. worldtradex only support MT4 and MT5, which while great tools on their own, are not quite the versatile platform offering compared to competitors. They also have a great proprietary app, which stood out compared to competing brokers mobile solutions. I have used MT4 most of my trading career because it has a simple interface and a good balance of features. MT4 is also one of the first mainstream platforms on the market, and is used by more retail traders than any other platform.