Overall, there is a lot to like about WorldTradexFX and the range of quality trading conditions that they provide. You get convenient access to the markets via powerful and fully customisable trading platforms with accounts to suit all types of trader. The trading costs are very competitive whilst customer support is prompt to answer questions. Trading instruments may perhaps be too limited for some although the forex offering is probably adequate for most forex trader needs. I think they can be worth consideration for anyone who is primarily looking to trade forex in a regulated environment backed by award winning customer support. Founded in 2011, WorldTradexFX provide a fantastic selection of use-friendly yet powerful platforms for trading forex and CFD instruments with very competitive costs.
Forextraders’ Broker of the Month
It also bucks the industry trend by not charging swaps or inactivity fees. For both trading accounts (WorldTradexFX MT4 and WorldTradexFX MT5), all fees are reflected in the spread – there are no additional commissions charged. The trust score came in low, largely because the WorldTradex Markets Inc. entity is unregulated. However, WorldTradex’s European entity is regulated by the top-tier Cyprus Securities and Exchange Commission (CySEC). According to the broker’s website, clients have negative balance protection, and client funds are segregated from the company’s operating funds. As a licensed broker that obliges to https://worldtradex.pro/ safety measures, WorldTradex Cyprus offers only Bank Wire Transfer for its European clients.
Fits your trading style
A clear and user-friendly interface is perfect for every trader who values comfort. Also, WorldTradex has one of the best no-slippage levels in the market – 97.5% of the executed orders. With demo accounts, the ability to trade in micro-lots, copy trading, and strong educational resources, I rate WorldTradex as a suitable broker for beginners.
- The EU entity of WorldTradex clearly states its regulatory status in the website’s footer.
- Content is updated frequently and is accessible to all levels of traders.
- There are no swap fees, inactivity fees, or fees for deposits and withdrawals.
- Since entering a very competitive market eight years ago, it has built up a client base of almost one million traders and won a host of industry awards.
- The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices, and stocks.
- It has an intuitive user-friendly interface that is easy to navigate and fully customisable.
- New traders wishing to enter the financial markets find WorldTradex appealing overall since it combines affordability, knowledge, and user-friendly tools.
First Champion Demo Contest launched
- WorldTradex also provides platform tutorial videos, which cover getting started with MetaTrader, using your personal account area, and copy trading.
- Customer support is available 24 hours a day, seven days a week, ensuring that clients can receive assistance at any time, regardless of their time zone.
- Learn how he started trading with WorldTradex and check out his tips for beginner traders.
- The web-based WorldTradexTrader platform is a beginner-friendly and convenient alternative.
- Clients can upgrade their status by maintaining higher account balances and increasing their trading activity.
- There is no extra verification required, and once a client’s separate wallet is set up, it’s easy to hook up to the signals of other traders.
- Three account types cater to traders with different levels of experience.
In line with this transparent approach, it also provides a range of metrics relating to the performance of its customer support team. Upgrading to a live account requires a bit more leg-work but is by no means arduous. Payment options include VISA, AWEpay, bitcoin, FasaPay, local bank deposits, local bank transfers, Neteller, Paytm, Skrill, UnionPay.
However, you can just create another one on a different trading platform—for free. Customise your account—real or demo—or just create a standard margin account in one click. These two minor points do not detract from the trading experience, and WorldTradex can be congratulated for so effectively shaking up the broker space.
FX Traders’ Viewpoint
It is clear that the Education section of WorldTradex’s website is of great importance to the broker. All of the materials are of high quality and cater to beginners, intermediate and advanced traders. That WorldTradex is catering to all these groups is a big plus for the site, and the resources are made available to traders using demo as well as live accounts. Spreads can be as tight as 0.0 pips and those who go with the ECN/STP processing option will be provided with exceptional flow quality and reduced slippage. Its WorldTradexFX.eu arm is regulated by CySec (Cyprus Securities and Exchange Commission) and has offices worldwide.
The offshore entity also references its corporate registration number with the Saint Lucia authorities at the bottom of each page. However, there is room for improvement in terms of being clear about the unregulated status of the offshore entity. This section will cover how the different entities of WorldTradex are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust. At WorldTradex there is an option to submit for a Demo practice account and use the unlimited sources to polish strategy or get to know platforms and WorldTradex conditions better. Account opening isnt hard, alike in our tests we opened Demo account in a matter of minutes you just have to follow simple submit on website and get started.
Account Types and Terms
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