I opened a No Commission account with the Notesco Int Limited entity and performed my tests on the desktop and mobile app versions of the MetaTrader 4 platform. worldtradex accepts traders resident in most countries except the USA, Iran, Cuba, Sudan, Syria, and North Korea. worldtradex has traders from 180 countries, making it one of the most accessible brokers. The minimum deposit at worldtradex is $50 for most accounts, except for the Zero Spread option, which requires $500. worldtradex is a multi-regulated broker, and account verification is mandatory. Most traders will pass verification after submitting a copy of their ID and one proof of residency document.

“Comprehensive broker”

The “Live Economic News” showed up to date reports, but “Live Currency Quotes” produced a dead link. The “Intraday Comment” section had a single 18-month old entry about the Eurozone. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. However, I also spotted that the broker’s website does not display live spread data. Brokers operate multiple entities globally, but regulatory protections vary. Some regulators enforce stricter financial standards than others, so traders should understand the safety measures of the entity they choose to open an account with.

What CFDs Can You Trade With worldtradex?

Anyway, I think with the variety that offer in many trading aspects, it makes them a good choice for any trader. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.

Although, their popularity in Japan is not so good after a bad breakup with the Japanese market to satisfy FSA regulations (which they were unable to attain). Founded in 2014 and acquired in 2021, BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. With over 60 brokers reviewed, our editorial team has published thousands of words Worldtradex company reviews of research to help our readers make informed choices.

How long does it take to withdraw money from worldtradex?

• Right now, trading feels like the only way to earn, with markets dropping so much.
• The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives.
• Founded in 2014 and acquired in 2021, BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs.
• He is a long-time active investor and engages in research on emerging markets like cryptocurrency.

In addition to EU regulation through the Cyprus Securities and Exchange Commission (CySEC), they are licensed as a registered investment firm in the United Kingdom, Australia, and South Africa. worldtradex has closed down operations in China, Russia, and Nigeria in recent years, focusing client development in more traditional venues. The values listed below are for one full base currency contract (100,000 units). According to its LinkedIn page, worldtradex has been in operation for 15 years and employs over 600 people—both indicators of its stability. After reviewing the broker’s legal documents, I found everything to be in order. The Client Agreement is easily accessible on the website, with all relevant information presented clearly and in an easy-to-understand format.

However, worldtradex broker’s main weaknesses are its lack of offering MT5 trading platform and higher-than-average spreads on Standard (1.6 pips), Premium (1.4 pips), and VIP (1.2 pips). These account types are perfect for traders who don’t want to pay commission on thier trades. It takes just $100 to open a Micro account, increasing to $2,500 for a Premium account and $20,000 for a VIP account. Well-documented account subheadings outline fee schedules and side-by-side comparisons for floating vs. fixed, commission vs. no commission, and dealing desk vs. direct interbank trading.

The broker also provides copy trading solutions through its TradeCopier service and VPS hosting for low-latency trading. The chart screen is undeniably one of the most crucial features of a trading platform. It equips traders with essential tools and configurations to analyze price action and spot trading opportunities. Just as important is the ability to easily scale price action, allowing for a clearer and more detailed view of market movements. Trading with a regulated broker will limit the potential for fraud and malpractice.

• It takes just $100 to open a Micro account, increasing to $2,500 for a Premium account and $20,000 for a VIP account.
• TradingFinder.com assumes no responsibility for any potential losses or damages.
• worldtradex gives its clients great exposure to global markets and industry-leading companies from the United States, Europe, the United Kingdom, and more.
• It is theoretically possible to use the WebTrader on a mobile device, but not recommended.

VPS hosting exists for algorithmic traders and copy trading services are also available with a balanced asset selection and active trading community. worldtradex offers several trading platforms, available for PC, Mac, and mobile devices. The options include the popular MetaTrader 4 and the Personal Multi Account Manager but the broker does not have a proprietary software platform.

Demo Accounts

With more than $3 trillion traded daily, the foreign exchange market or Forex is the largest financial market and the most popular option for retail traders. Trading is conducted 24 hours a day, except during the weekends, offering great flexibility to traders. Due to the high volume, liquidity, and leveraged positions, Forex provides great speculative opportunities and is preferred by many traders. worldtradex is among the most popular trading platforms found around the world, and it is an excellent choice for many traders.

Compared to the industry average, worldtradex offers an average number of share CFDs and commodities and a high number of currency pairs, and indices. My live tests demonstrated that worldtradex charges above-average spreads on forex. I discovered that its EURUSD spread on the No Commission account exceeds the industry average considerably. worldtradex operates through five entities, three of which are regulated by top-tier financial authorities, while the other two are offshore and unregulated. The broker ensures client safety by maintaining segregated accounts for client funds and offering negative balance protection.

Maximum Leverage By Asset Class

Past results are no guarantee of future success, so make your financial and investment decisions with utmost care. When choosing a broker, it’s crucial to consider their reputation and trustworthiness. worldtradex broker received a 4.4 rating from over 280 reviews on Reviews.io website. worldtradex also offers a Demo Account, and in the past a Cashback Account, which unfortunately is no longer available. Time has passed super quick;y, I still rememebr the day I signed up, I grew a lot since then, as a trader.

Email address and phone numbers are provided for satellite offices in Cyprus, South Africa, and Australia, allowing local contact. Or international phone number, forcing potential charges for calls made to Cyprus or other satellite offices. Traders should also consider potential third-party processing costs and currency conversion fees. Only verified trading accounts can deposit and withdraw, and the name on the payment processor must match the worldtradex account name.

The broker does not charge any fees for deposits and withdrawals and the minimum deposit than can be made is $250, although that varies, depending on the type of trading account one opens. worldtradex is one of the most reputable Forex, CFD, Stock and Crypto trading brokers that has many offices around the world and is available to investors in Europe, UK, Australia, and more. It offers more than 200 trading instruments across 6 different asset classes, including Forex, metals, indices, commodities, futures, and shares. The broker promises 24/5 multilingual support, ultra-fast execution of trades within milliseconds, and the lowest market spreads, starting from 0.0 pips.