Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. Clients must contact the broker’s customer support to request further assistance. Phone support is only available to active clients with their account managers.

worldtradex provides free Virtual Private Server (VPS) hosting to high-volume traders interested in achieving lightning-fast order execution speeds and stable internet connectivity. However, its dated and rugged design is inferior to newer and sleeker platforms. As a trader who prioritizes flexible charts that are easily scalable, I find MT4’s charting capabilities too rigid and less effective.

Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. The worldtradex group has 10+ years of experience more than 1,5M clients worldwide and offers negative balance protection. worldtradex offers a variety of bonuses and promotions, which can provide new traders with additional capital to get started. The broker regularly updates its bonus offers, so it’s essential to check the website for the latest promotions. The deposit fees are typically free of charge, but withdrawal fees may apply depending on the payment method.

Range of Markets

  • It is also one of the few brokers on the market who have prepared various bonuses and promotions for its clients.
  • worldtradex does not accept as clients residents of the USA, Cuba, Sudan, Syria, North Korea, or any jurisdiction where trading is prohibited by law.
  • Futures trading is suitable for traders who are interested in diversifying their portfolios and taking advantage of market trends.
  • A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates.

Trading accounts can be opened in a generous range of currencies which are USD, EUR, GBP, AUD, JPY, BTC, PLN and CZK. The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. They could improve by adding some crypto payment options but that is not really a deal breaker from my perspective. You can buy and sell CFDs on spot commodities with best-of-market spreads and spot execution without having additional foreign exchange exposure.

Are there any commissions for standard accounts?

VIP members benefit from even better conditions – for instance, the spreads are tighter, around 1.4. However, this type of account is offered only to traders who make deposits of $10,000 or more and have the US dollar (USD) as their base account currency. Traders can deposit funds into their accounts via a wide range of payment methods, including traditional options such as bank wire and credit/debit cards. While credit card deposits are usually instant, transfers via bank wire may take up to 3 working days to appear in the trading account of the client.

Indices

VPS hosting ensures that traders can access their accounts anytime with minimal downtime, even during power outages or internet disturbances. It’s not only about the trading platform; worldtradex offers many tools, including webinars and tutorials, as well as a demo account where you may practice without taking any real money risks. worldtradex notes the availability of 80+ currency pairs, making it an ideal Forex broker.

  • The MT4 platform can also be upgraded through MetaTrader’s Market and Signals, where users can buy technical indicators, add-ons, and signals for copy trading.
  • Additionally, multiple trading accounts can be registered through the worldtradex Client Portal, allowing for greater flexibility when managing different strategies or products.
  • The broker also provides email and telephone support on a 24/5 basis throughout the trading week in 45 different languages.
  • That being said, worldtradex do plan on adding the MetaTrader 5 platform soon if that is your platform of choice.
  • The broker provides specialized account options and customer support tailored to the preferences of traders in these regions.
  • If you want to run your platforms 24/7, the worldtradex VPS is another fantastic tool they provide.

Does worldtradex accept quick deposits?

The list of Forex, spot, and CFD trading instruments is well-constructed but some rivals offer more comprehensive listings. Clients can now trade cryptocurrencies directly on the Metatrader platform. Pricing for Forex, spot, and CFD instruments is average-to-competitive, with significantly lower costs at higher account tiers. There’s no bond https://worldtradex.live/ CFD coverage but spot, metals, and index products cover the most popular instruments worldwide. And Ireland clients can also place spread bets, although the costs are not fully disclosed. worldtradex offers comprehensive customer support services available 24/5 in a wide range of languages, including Arabic, Chinese, English, French, German, Spanish, Russian, Persian, and many more.

Markets

This information helps traders stay ahead of the curve and make well-informed trading decisions. Additionally, researching what the MT4 platform offers in terms of features and tools will help in making an informed decision. I have compiled the table below to help you better understand the difference between the trading fees with worldtradex’s No Commission account type and the industry average. It illustrates the spreads and commissions I have recorded for the EUR/USD pair and compares them against the typical costs for ECN and STP accounts in the industry at large. worldtradex is an online forex broker that offers trading in currency pairs, contracts for difference (CFDs), commodities, indices, futures, shares, gold, silver and oil. The WebTrader allows for different order types, comprehensive graphing, and real-time market data.

worldtradex Customer Support

They might contact you for further information or to verify the facts of your affiliate account. When accepted, you get access to the worldtradex IB site, where you can begin managing your referrals, access marketing materials, and manage your earnings. It’s a mutually beneficial situation for both parties involved; worldtradex can attract new clients, while IBs can take advantage of a lucrative commission structure.

Renowned for offering the trusted MetaTrader 4 (MT4) platform, worldtradex is regulated by top authorities, including the FCA and FSCA. With its headquarters in Cyprus, the broker provides both ECN/STP and Market Maker execution types, catering to traders of all experience levels. A standout feature is the low trading fees available in the Absolute Zero account type, which offers raw spreads from 0.0 pips and minimal commissions. Overall, worldtradex is a very well established and reputable trading broker that serves all types of traders from around the world. They give you convenient access to a generous range of trading instruments across multiple markets.

If you want to run your platforms 24/7, the worldtradex VPS is another fantastic tool they provide. I think there is more than enough for everyone to find something that they would like to trade. You can choose from a great variety of trading platforms with low pricing and fast execution speeds.

It offers advanced trading tools, fast execution, and a user-friendly interface for trading forex and CFDs. Where many brokers only offer a few accounts, worldtradex have a great range of different trading accounts to cater to the needs of many different styles of traders. There are accounts with floating spreads, fixed spreads, no commission and spreads starting from zero. They also offer corporate and institutional accounts, with a dedicated business account manager who can prepare a bespoke service package catered to your needs. worldtradex offers access to trade a decent amount of around 300 trading instruments across multiple markets including Forex, Commodities, Futures, Stocks, Shares, Indices, Metals, Energies & CFDs.

Spreads start from just 0 pips whilst all trading instruments can be conveniently accessed using one account across all trading platforms. worldtradex offers a variety of account types to cater to different trading needs, including Standard, Premium, VIP, Zero Fixed Spread, and STP/ECN accounts. Each account Worldtradex scam type has specific features, such as varying spreads, commission structures, and leverage options.