Besides the very frustrating withdrawal charge, WorldTradex’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy. The most frustrating absence is stocks, which are entirely missing, though traders can at least speculate on stock markets through index CFDs. On the surface, this is an ideal offering that provides the best of both worlds, though in practice we found some instruments pricier than others, so you shouldn’t expect superior pricing across the board.

I was trading with another broker previously, and after I pressed the buy or sell button, there was a little time to wait for the trade to be executed. So many times my trades were executed at a different price than the one I saw on the chart.Here things are completely different. Plus the spreads are tight.My overall trading experience and profits improve by far just by changing the broker I trade with. WorldTradex offers reliable customer support to https://worldtradex.world/ 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.

Is WorldTradex Regulated?

We prioritize providing transparent pricing coupled with competitive forex spreads and the most cutting-edge trading platforms. We equip our clients with all the essential forex trading tools needed for success, including access to MetaTrader 4 forex software. Our unique ECN bridge allows clients acquainted with MetaTrader to continue leveraging their preferred forex trading platform in a refined ECN/STP environment, ensuring a seamless fusion of familiarity and innovation.

Our motto, “a broker on your side,” epitomizes our commitment to your success. Traders have access to numerous deposit and withdrawal options at WorldTradex. MetaTrader 4 includes a whole range of easy-to-understand functions, so it only takes a few minutes to get comfortable with all the different options available to you as a trader.

New currency traders will enjoy the $0 minimum deposit, education and trading resources, plus the zero commission policy. Experienced traders will appreciate the tight spreads, access to MT4 and a VPS, plus zero strategy restrictions. During testing, we have been impressed with the ECN pricing that offers spreads from 0.0 pips, while the 70+ currency pairs provide better market coverage than most alternatives. In this WorldTradex review, we examine the broker across key categories, including its accounts and fees, trading platforms, and customer support, to find out how it competes with alternatives. These findings are based on our first-hand experience trading at WorldTradex and take into account the overall experience for day traders. WorldTradex also provides several lucrative offers, including a Virtual Private Server (VPS) and, depending on regulation, a first deposit bonus, ensuring accessibility, security, and speed for traders.

The mobile application has proven to be stable and reliable during testing. Spreads are slightly higher on alternative products, while the withdrawal fee and inactivity penalty lower its fee rating somewhat. The international subsidiary, on the other hand, operates with limited oversight, and this holds the broker back from achieving a higher score. I’ve also read much of the educational content and was struck by its bland delivery with long-form text and limited videos or engaging elements like quizzes, all of which could elevate the learning experience. WorldTradex does slightly better with its educational content, which includes some basic e-books, articles, and a glossary of key terms.

Fees

The $0 minimum deposit also makes the forex broker accessible for new traders. WorldTradex’s model empowers clients with direct access to a liquid forex ECN model where everyone receives equal access to the same liquid markets with instantaneous trade execution without any delays or re-quotes. Our stance as a Non-Dealing Desk broker ensures there’s never a conflicting interest with our clients, and our trades remain anonymous to our liquidity providers.

Related Forex Brokers

Our broker ratings are also informed by the experience of our researchers during the evaluation process. The diversity of financial instruments which this company offers to customers is really huge. They have been running the business for over 14 years, so it seems they managed to add a lot of instruments for all this time. I like how tight spreads they provide on the forex market and the spreads are even more tighter than from other major and famous brokers. The technical support is good and it is noticeable that there are competent guys working.

• There are no commissions and tight spreads sourced directly from liquidity providers.
• Our raison d’etre is to craft the most customer-oriented proposition within the industry.
• At WorldTradex we often use a motto that we have adopted over the years; “from small acorns great oaks will grow”.
• Honestly, I was having a lot of doubts before I started working with this brokerage company because I have not heard a lot about them.
• Spreads on other key currency pairs are also competitive, coming in at 0.5 pips on the EUR/GBP and 0.7 pips on the GBP/USD.
• Additionally, the platform offers interest rates from global central banks.

Account Types

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 several unique features that set it apart from other brokers. The most notable is its ECN XL account, which provides spreads starting from 0 with no trading commission, a rarity in the industry. This low-cost trading environment is particularly appealing to traders looking to minimize expenses on high-frequency trades. WorldTradex offers a single yet versatile account type – the ECN XL account, designed to cater to both beginners and professionals.

Versatile Broker with Competitive Spreads

• WorldTradex is also registered in 26 European Union countries under the Markets in Financial Instruments Directive (MiFID).
• This award, a reflection of independent endorsements by traders, underscores WorldTradex’s commitment to innovation and service excellence.
• Our introduction mirrors the clear, concise, and precise individual service we render to our clients.
• One of the most ignored trading costs is swap rates on leveraged overnight positions.
• WorldTradex offers traders a competitive commission-free trading environment.
• Our regulatory compliance extends beyond our CySec regulation in Cyprus, manifesting in our possession of the MiFID passport for financial services firms within the broader realm of the European Union.

This dynamic pricing mechanism creates a professional trading sphere for all levels of traders, opening avenues for enhanced profitable trading. It is a regulated broker with a European license, which ensures safety for trading and protection for clients. WorldTradex operates on a spread-only model, with spreads starting as low as 0 on major currency pairs. It maintains sufficient capital reserves, segregates client deposits from corporate funds, offers negative balance protection, and undergoes audits. While an WorldTradex no deposit bonus does not exist, WorldTradex offers a 100% first deposit bonus with a $2,000 limit.

I want to caution beginner traders against using a demo account as an educational tool. It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process.

WorldTradex lacks more trading tools, like CFDs on stocks for example, which became so popular recent days. Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat. The FAQ section answers many of the most common questions, and WorldTradex is transparent about its products and services. Most traders are unlikely to require additional assistance unless of an emergency. New traders have access to fourteen quality educational posts plus a dedicated section on major economic reports.