There are many different languages that they cater for, such as English, German, Arabic, Spanish, French, Portuguese, Indonesian, French, Malaysian, Thai, Korean and Chinese. Overall, worldtradex’ customer support, with its responsiveness, accessibility, and supplementary resources, ensures a positive and well-rounded support experience for traders. While basic withdrawals are generally free, certain methods incur fees. For instance $10 USD for international bank wire transfers, $25 USD for international broker-to-broker transfers, Neteller charges 2%, Skrill 1%, FasaPay 0.5%, PayTrust 1.5%, and PayPal 2%.
User Reviews
worldtradex are regulated by tier 1 authorities including ASIC (286354) and CySEC (371/18). Demo accounts are available and are initially set to expire after 30 days of inactivity. However, they can remain active indefinitely as long as the account is regularly utilized. Standard Lot is 100,000 units of the base currency displayed as 1.0, Mini Lot is 10,000 units of the base currency displayed as 0.10 and Micro Lot is 1,000 units of the base currency displayed as 0.01.
Trading tools
You set your price, and your order only gets filled if the market reaches that specific level. This is great for managing risk and aiming for those sweet entry or exit points you’ve identified on your charts. However, during my testing, I noticed that with limit orders, there’s always a chance your order might not get filled at all, especially in those crazy volatile markets. Of course, having a ton of instruments is great, but it’s only half the story. The real test is how easy it is to find what you’re looking for and analyze it before pulling the trigger.
- worldtradex is a global broker that started in Sydney, Australia in 2005.
- worldtradex offers Standard Accounts, perfect for beginners or those who hate commissions.
- Getting started with worldtradex is a seamless process designed to provide traders with a hassle-free onboarding experience.
- They have a trading course and many different video tutorials covering topics for beginners and advanced traders alike.
- They are completely transparent and they segregate the customer funds away in a different account to their operational funds.
- No waiting around for orders to fill or getting stuck with massive spreads that eat into your profits.
- If your funds are held separately, there’s no reason for the broker to withhold them.
This showcase how much a sterling reputation they have in the brokerage space. Here you can find what Forex Peace Army users think about worldtradex. worldtradex has received numerous awards over several years, highlighting its strong position in the forex and CFD brokerage industry. worldtradex clients from European Economic Area (EEA) countries are provided with investor protection of up to €20,000 through CySEC. In addition, worldtradex offer both MAM (Multi-Account Manager) and PAMM (Percentage Allocation Management Module) accounts.
Account Opening
Under regulations like ASIC and CySEC, worldtradex is mandated to keep client funds separate from their own operational capital. This segregation ensures that even if worldtradex encounters financial difficulties, your deposited funds remain secure and readily available for withdrawal. Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice.
worldtradex’ trading platforms are designed to support efficient trading with competitive spreads, enabling traders to effectively capitalize on market opportunities. The combination of a robust trading infrastructure and comprehensive educational resources creates an enhanced trading experience that accommodates traders at various skill levels. worldtradex adheres to industry best practices and prioritizes the security and safety of client funds, providing traders with peace of mind and confidence in the integrity of the brokerage firm. If you need to do so, you are able to put in a request for a special borrow for a particular stock if you get in touch with the customer support team. Cryptocurrency enthusiasts can delve into popular digital assets like Bitcoin, Ethereum, Ripple, and more.
Trading Conditions
The broker’s user-friendly interface, educational resources, and demo account make it suitable for beginners. Simultaneously, its extensive range of instruments, low spreads, and advanced trading tools cater to professional traders. However, it’s important to note that worldtradex does not currently accept traders from the United https://worldtradex.pro/ States. This diverse account offering ensures inclusivity and flexibility for traders of varying experience levels and preferences.
Over 60 currency pairs are available when it comes to forex, with notable examples being EUR/USD, AUD/CAD, USD/JPY, and EUR/GBP. Keep in mind that as trading currency pairs at worldtradex is done through CFDs, trading will not involve the purchasing of the assets themselves. A withdrawal will normally take about two working days, but in some cases it can take as long as five working days. There is a 1.8% credit card fee for withdraws and a $20 fee for bank transfer withdrawals. You can also make bank transfers and there may be fees that your bank charges you for making such transactions. There is also a number of different e-wallets for you to choose from, such as Skrill, BPAY and PaySEC.
- Generally, you will not be paying fees to MetaTrader account, but the e-wallet fees to the Iress platform will range usually from 3-4%.
- Now, with such a vast selection, there’s always a concern about liquidity.
- When it comes to worldtradex’ retail account types, the broker does not demand different deposit minimums.
- You can get all types of ASX shares in the form of CFDs and you are able to short as many as 300 different CFDs.
- While worldtradex strives to minimize slippage, it’s a reality, especially with high volatility or less liquid instruments.
- Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk.
We transferred funds from the account back to our debit card, and it was completed in under 24 hours. Multi Account Manager (MAM) or Percentage Allocation Management Module (PAMM) accounts are also available. worldtradex cannot accept clients from certain countries such as the United States of America, Japan, North Korea, Iran, Iraq, Belgium and some regions in Canada.
Depositing ease
Traders can have confidence in the broker’s commitment to maintaining a secure and trustworthy trading environment. They offer negative balance protection which ensures that clients cannot lose more than their account balance. However, this protection is not universally available and applies only to certain clients based on their jurisdiction. Opening an account in the UK places traders under the jurisdiction of the FSA (St. Vincent and the Grenadines), allowing UK traders to take advantage of the maximum leverage available. Reputable brokers, like worldtradex (ideally), should publicly disclose relevant financial information. While worldtradex doesn’t appear to publish its financial statements directly on its website, they should be readily available upon request.
worldtradex operates globally and accepts traders from the European countries. Opening an account with worldtradex is a simple process you can complete entirely online. Traders need to fill out a registration form, undergo verification, and fund their account to start trading. There are daily market reports from the worldtradex analysts, as well as more long term analysis of the markets. They have a section for market news and they also look ahead to upcoming events and identify what sort of effect they may have on the markets.