worldtradex Broker Review: Fees, Pros and Cons, Account Types

Maybe one of the reliable brokers I’ve worked with, and I’ve worked with a bunch of them already. It’s good to know that your funds are safe and sound while you trade. Because I get Worldtradex website enough stress at trading, so I don’t need it outside of it.

What is the minimum deposit requirement at worldtradex?

• The MetaTrader 4 Multi Terminal is a component of the MT4 package that was designed to enable money managers and professional forex traders to handle many forex trading accounts at the same time.
• If you are looking for more platforms, then RoboForex could be an option for you as they have a good selection.
• worldtradex provides free VPS (Virtual Private Server) access for stable, fast, and high-performance trading.
• The broker’s commitment to technological excellence, diverse account options, and client-focused services make it a compelling choice for traders seeking precision in their forex endeavors.
• Maybe one of the reliable brokers I’ve worked with, and I’ve worked with a bunch of them already.

worldtradex deploys an ECN/STP execution model and does not manipulate quotes. worldtradex has recently introduced the newer version of the MT4 platform, MetaTrader 5, with more advanced conditions and opportunities. The platform is available through the broker’s ECN XL account, with no commissions and spreads starting from 0 pips.

US elections: 3 markets to trade

In this comprehensive review, we’ll delve into the key features, trading conditions, and overall user experience that define worldtradex as a brokerage choice for traders seeking precision in the forex markets. worldtradex offers a solid variety of tradable instruments, catering to traders interested in multiple asset classes. The broker provides access to CFDs (Contracts for Difference), which allow users to trade a wide range of markets without owning the underlying assets. worldtradex’s offerings include commodities, currencies, cryptocurrencies, and indices, giving traders flexibility in choosing their preferred markets.

Unique Features

We are also a community of traders that support each other on our daily trading journey. Each and every trade clients place is matched in an electronic configured network (ECN), through a straight through processing (STP) method. These four critical factors ensure that worldtradex clients are enjoying the most transparent access to the FX markets. worldtradex is an ECN broker and only maintains one ECN account for all clients. It is unique as traders get a commission-free cost structure with raw spreads, an unusual offer, presenting Forex traders with a notable edge.

We review and rate companies offering trading platforms for Forex, CFDs and other financial instruments. We do our best to warn people about scams and promote only companies we personally consider to be very good. worldtradex caters to a diverse range of traders by offering various account types, including Standard, XL ECN, and Advanced ECN accounts. Each account type comes with its unique features, allowing traders to choose the one that aligns with their trading preferences and strategies. The ECN accounts, in particular, provide direct access to liquidity providers, ensuring competitive spreads and minimal slippage. worldtradex provides traders with access to the widely acclaimed MetaTrader 4 (MT4) platform.

Crypto Exchanges

One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment. worldtradex also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework. worldtradex supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill. Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option. worldtradex transparently provides all necessary information on its website.

I prefer this model as it helps to eliminate any conflict of interest between my trades and the broker, ensuring that all my orders are executed in a truly competitive and transparent method. On the contrary, a market maker broker can take the opposite side of your position which means they can mark-up prices which I don’t think gives a level playing field. Clients have access to the full suite of the out-of-the-box MT4 trading platform.

Access global opportunities

The broker also has a live chat service and an online form you can fill out, as well as a support email address, fax and phone number. In addition, worldtradex maintains active social media profiles on Facebook, Twitter, LinkedIn and other networks. The broker uses an electronic communications network (ECN) and straight through processing (STP) model, which provides competitive exchange rates and real time streaming directly from top multibank liquidity providers. This type of trading model levels the playing field with more transparency and a greater degree of control over your trades. ECN XL, also known as the ZERO account is one of the most cost effective trading accounts.

Support

Dealing spreads for forex pairs and CFDs can vary from 0.0 pips upwards depending on the liquidity and trading volume of the asset involved. TradingBeasts helps individual traders learn how to responsibly trade forex, cryptocurrencies and other asset classes. We review and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns that we come across.

CENTRAL CLEARING Ltd and regulated by Mwali InternationalServices Authority (MISA) as an InternationalBrokerage and Clearing Housewith Licensing Number BFX202408. Traders have access to numerous deposit and withdrawal options at worldtradex. Terms and conditions apply to receive it for free as advertised, but all the information is fully transparent and easy to understand.

• After all, I often scalp, and their low spreads create favorable conditions for this.
• They are committed to your success, by delivering competitive pricing, via fair and transparent order processing.
• Particularly attractive to cost-conscious traders, worldtradex is a broker with a good reputation and large trading community with quite high scores on performance.
• worldtradex is an ECN broker and only maintains one ECN account for all clients.
• After testing the app, it turned out that it provides real-time market access, sophisticated charting tools, and a range of technical indicators, among other basic capabilities.

For traders looking for a safe trading environment, worldtradex is positioned as a consistent option by this mix of control, defensive actions, and financial transparency. The broker’s strong regulatory oversight by CySEC, MiFID, and MISA, along with client fund security in Tier 1 banks, adds a layer of trust for its users. worldtradex offers reliable customer support to assist traders with any questions or issues they may encounter. The broker provides live chat and email support, ensuring that help is readily available. Customer service operates 24 hours a day, Monday through Friday, allowing traders to access assistance during market hours. Additionally, traders have access to real-time market data and analysis to help them make informed decisions.

worldtradex maintains one of the cheapest Forex cost structures available, with commission-free quotes from 0.0 pips or $0.00 per 1.0 standard lot for the most liquid currency pairs like the EUR/USD and the USD/JPY. The average spread for major currency pairs is below 0.5 pips or less than $5.00 per lot, offering traders a distinct pricing environment advantage. The Vanuatu Financial Services Commission (VFSC) provides worldtradex with a competitive regulatory environment for international clients. EEA-based traders manage their portfolios from a subsidiary that is authorized by the Cyprus Securities and Exchange Commission (CySEC). The Cyprus Investor Compensation Fund (ICF) protects retail trades in the event of insolvency up to €20,000. Client deposits remain segregated from corporate funds at both entities with leading international banks, but worldtradex does not list them.

Client trades are made on prices provided to worldtradex by its liquidity providers. Information on the TopForx.com website is for informational purposes only and does not constitute any motive or suggestion for visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested, and only 11-25% of traders earn a profit.