They have a number of different account types depending on your needs, such as a standard forex account, an ECN raw account, a CFD trading account, a professional account, platinum account, premier account and share trading account. 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. In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with worldtradex. As a leading financial media outlet, our editorial content is driven by rigorous research and data-driven insights, free from external influence. This assessment offers a transparent evaluation of worldtradex’ conditions, tools, support, regulatory standing, and overall suitability for traders.

worldtradex has received numerous awards over several years, highlighting its strong position in the forex and CFD brokerage industry. worldtradex does not accept clients from the United States of America due to strict regulatory rules imposed by the Commodity Futures Trading Commission (CFTC ) and National Futures Association (NFA). They also are unable to accept clients from Japan, Iran, North Korea, Sudan, Syria due to international sanctions, Belgium due to restrictive trading rules and some regions in Canada such as Ontario and Quebec. worldtradex ensures the safety of client funds by segregating them from its operating capital, meaning your money is kept separate and protected from any company liabilities.

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• Additionally, they use STP (Straight-Through Processing), routing orders directly to liquidity providers without a dealing desk.
• For certain CFDs and Equities, they offer Direct Market Access (DMA), allowing real-time access to live market prices straight from exchanges.
• Four main panels—Market Watch, Navigator, Terminal, and Charts—form part of its easily navigable interface.
• worldtradex’ Raw account is designed for more experienced high-volume traders, offering commission-based trading with spreads from 0.0 pips.
• As a leading financial media outlet, our editorial content is driven by rigorous research and data-driven insights, free from external influence.

Traders who deposit a minimum of $1,000 or trade over 10 lots per month on the Standard Account or 20 lots on the Raw Account can access the VPS service at no additional cost. Withdrawals are processed immediately, but the time it takes for funds to reach the trader’s account depends on the bank or payment provider. Processing is typically completed within one business day, but the actual transfer times vary by method. E-wallets are usually the fastest, while bank transfers may take one to five business days, and credit/debit card withdrawals typically require two to five business days. worldtradex deposits and withdrawals are free, easy and instant (if you pay by card or cryptocurrency).

Account Types

Yes, worldtradex offers a free demo account, also known as paper trading, with no minimum deposit, allowing traders to practice trading in a risk-free environment. The demo account provides access to real-time market conditions on MetaTrader 4, MetaTrader 5, and cTrader, enabling users to test strategies and explore worldtradex’ trading platforms before committing real funds. We mark worldtradex as a well-regulated broker with good trading conditions suitable for beginners and experienced traders alike. The points to admit as great at worldtradex are low pricing, good trading proposal with a wide and comprehensive selection of platforms and ECN trading with excellent trading education.

Trading platform

Overall, forex and CFD traders will be satisfied by the MetaTrader experience provided by worldtradex, though the scope of its research and educational offering are limited, when compared to the best brokers. worldtradex delivers a https://worldtradex.live/ good variety of mobile apps for forex and CFD traders. Its proprietary app has a nice layout for a new mobile app but lacks the advanced features that I’ve come to expect from the best brokers in this industry. Thankfully, MetaTrader and cTrader platform suites are available as reliable alternatives. With 71 forex pairs and a total of 10,000 tradable symbols, far surpassing the industry average of 3,623, the broker offers extensive trading opportunities.

worldtradex is well-respected and they are one of the most reliable brokers in the space today. They are completely transparent and they segregate the customer funds away in a different account to their operational funds. We used the chat service multiple times and consistently received responses within 10 to 30 seconds.

worldtradex offers 24/7 customer support to both retail and professional clients globally through various channels, including phone / call back service, email, live chat, and social media. The company showcases its customer service awards and emphasizes delivering personalized and proactive support. worldtradex uses an ECN for Forex on Raw accounts, providing direct pricing from top-tier liquidity providers with no markup.

How do I open an account with worldtradex?

This regulation framework provides traders with a level of security and transparency, although specific restrictions may apply depending on the trader’s location. worldtradex is a true ECN broker with low spreads and superior execution on the MT4, MT5, TradingView and cTrader platforms. Its Raw account will appeal to day traders and scalpers, whereas its Standard account will appeal to beginners. Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score. Forex and CFD traders will find a versatile, affordable MetaTrader and cTrader offering at worldtradex, but with fewer research and educational content than what is offered by industry leaders. However, worldtradex lacks passive income options like interest on idle balances, which some competitors offer.

worldtradex provides an excellent range of platforms to meet various trading tastes and suite wide range of best strategies. Platform including MetaTrader 4, MetaTrader 5, cTrader, TradingView and Proprietary Software along with social and Copy trading platforms. While other brokers like Pepperstone and Forex.com have strong interfaces for platform offering too, worldtradex stands out with IRESS as included option and also points out a range of tools accessible on free basis.

• Their headquarters are in Sydney and they have been offering online financial trading for the past 14 years.
• Broker worldtradex ensure that retail client funds are always kept separate from the firm’s capital and held in segregated accounts at leading banks.
• If you are using a credit card, there is no transaction fee for depositing to a MetaTrader account, but there is a 3.18% fee for most currencies if you are using the Iress platform.
• Most of worldtradex’ research is found under the Traders Hub blog section on its website, where it is separated into technical and fundamental analysis.
• The system increases trading flexibility by supporting several orders, including market and pending ones.

To open a live account and Login worldtradex steps to follow are straightforward and easy to navigate, yet the account differences or approvals may differ based on the entity conditions. Moreover, worldtradex enlarged its proposal and opened several entities in strategic locations including a European Cyprus entity thus eligible for trading proposals within the European EEA zone. Also, worldtradex (PTY) Ltd is a Financial Services Provider authorized and regulated by the Financial Sector Conduct Authority in South Africa.

Access over 1,000 markets through MT4, MT5, cTrader and more recently TradingView. You’ll find over 70 currency pairs, as well as gold and silver priced in US dollars, euros, Aussie dollars and other currencies. You can also go long or short on stocks and government bonds through over 40 ETFs. Headquartered in Sydney, Australia, worldtradex (First Prudential Markets) was founded in 2005 as an online retail forex and CFD broker.

Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Yes, based on your detected country of UA, you can open an account with this broker. Take advantage of both rising and falling prices with Stocks CFDs from a leading global broker.

Having access to more than 10,000 financial instruments covering Forex, CFDs, Commodities, and Cryptocurrencies, worldtradex meets different trading tastes. The broker ensures traders may find the greatest match for their strategy by offering multiple platforms, including MetaTrader 4, MetaTrader 5, cTrader, TradingView and proprietary Platforms. Sophisticated charting tools, several order types, and customized watchlists are notable features on worldtradex Web Platform. Novice and expert traders will find the well-designed and simple-to-use platform appropriate. The worldtradex web platform is notably linked with TradingView, which offers access to a large spectrum of technical indicators and sketching tools.

This table provides a breakdown of commissions and fees for Forex, Metals, Commodities, and Indices. worldtradex offers a variety of deposit methods to suit different preferences and needs. Enjoy the advantage of minimal spreads starting from 0.0 pips and easily trade these ETFs through your worldtradex account.

Access the MQL4 community, use various indicators and tools, and customize your trading environment. Inactivity for more than 30 days will result in the expiration of your demo account, which cannot be reactivated. 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. Finally, they have regular webinars with guests talking about the latest goings on.

Fees are Comission at FP differ based on account offering, while Standard Account fees we find in line with Industry proposals alike. Yet, at Raw Account or commission basis account spreads are starting at 0.0 pip and commission charge is $3 per lot makingworldtradex very competitive for this account type. Although brokers like IC Markets and Pepperstone also provide low fees on commission account, worldtradex distinguishes itself also with no inactivity fees and low withdrawal costs. worldtradex offers two account types Raw And Standard Accounts with STP and ECN execution models and access to deep liquidity pools accordingly available through MT4, MT5 or cTrader platforms. While the main difference is the pricing model where Standard account fees are built into spread basis, and Raw account add commission per trade typically more suitable for Pro Traders. Recognized for its robust trading environment and great selection of various trading software, worldtradex appeals to both new and seasoned traders.

So with worldtradex sign up as Worldtradex scam being regulated broker there are various safety measures applied. worldtradex offers over 290 ETFs for diversified investment portfolios. worldtradex FX offers over 70+ forex currency pairs, including major, minor, and exotic pairs. Enjoy consistently tight spreads starting from 0.0 pips, available 24 hours a day, 5 days a week.