If you are tight for time, here are some of the important features that we like about trading with worldtradex. Trade with full flexibility on one of many platforms, including the worldtradex App. Buy and sell the most liquid currencies, like EURUSD, 24/5 with market-leading execution and conditions. Get started with the MT4 platform in any way you prefer and enjoy a seamless cross-device experience designed to fit your trading style.
worldtradex Trading Experience Score
Yes, based on your detected country of DE, you can open an account with this broker. worldtradex has received various awards over the years from different organizations, reinforcing its reputation as a notable broker in the financial industry. worldtradex also offers worldtradex TV, podcasts and news feeds from Reuters, an Economic Calendar, along with YouTube Shorts and daily technical stories. worldtradex does not offer Multi Account Manager (MAM) or Percentage Allocation Management Module (PAMM) accounts. worldtradex unfortunately cannot accept clients from the residents of certain countries, such as the United States of America, Canada, Israel and Iran.
- Margin is the amount of money required to open a position, and it is used to ensure that traders have enough capitals to cover any potential losses.
- worldtradex has been gradually expanding its regulatory licenses over the years and is now up to three.
- These need to be measured by how long your account can lie dormant before being charged a fee and secondly how high the fee is.
- As with traditional standard accounts, 1 Lot has a contract size of 100,000 units.
- In addition to gold and silver, worldtradex offersCFDs on other metals such as palladium and platinum, along with a range ofenergy markets.
There is a minimum withdrawal amount of $5 (or equivalent) for all accounts except for the worldtradex Shares Account which has a minimum $10,000. Withdrawals via bank wire and debit card usually take 2-5 business days to reach the client’s account. Leverage at worldtradex varies based on the regulatory jurisdiction of your account and the type of instrument you are trading. You demand the best trading experience; our awards reflect our desire to provide it. Trade with a regulated broker that has built long-standing partnerships with reputable banks to ensure your funds are always secure.
Tight Spreads
Some of the bigger brokers will offer their proprietary platforms to trade on, whilst others will offer other third-party platforms for variety. Inactivity fees are another of the important non-trading fees that you can incur. All brokers want you trading, and when a trading account lies dormant, they begin to incur inactivity charges on the account. These need to be measured by how long your account can lie dormant before being charged a fee and secondly how high the fee is.
Shares:
We believe that worldtradex scores poorly on the length of the dormant period allowed, but scores well on cost. As we can see the trading costs of trading via the Zero spread account are lower. These savings can be much great when you trade other instruments with wider spreads on the Standard account. Pepperstone has a commission-free and a commission-based account, but the core trading fees are identical. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research.
- The spreads for major currency pairs such as EUR/USD, USD/JPY, and GBP/USD are very tight, ranging from 0.6 to 1.5 pips.
- Furthermore, the Shares account (only available to worldtradex Global) needs a minimum deposit of $10,000.
- Nobody does more to provide you with what you need to maximise your trading potential.
Another benefit of the worldtradex Global VPS is that it can improve the speed of trade execution. By running their trading platform on a remote server, traders can reduce latency and minimize the risk of slippage. This can be especially important for traders who use high-frequency trading strategies or who trade in volatile markets. Firstly, it provides a reliable and secure environment for trading, with 24/7 uptime and high-speed internet connectivity. Traders can access their trading platform from anywhere in the world, using any device with an internet connection. This can be especially useful for traders who travel frequently or who do not have a stable internet connection at home.
Indices
The only exception to this is with Wire transfers less than $200 which incurs a $15 charge. However, even then, many other brokers would charge a fee of up to $25 for all wire withdrawals. The Standard and Micro accounts have a minimum deposit of just $5 (or equivalent denomination) to start trading. However, for the worldtradex Zero Spread account, there is a $100 minimum deposit. Furthermore, the Shares account (only available to worldtradex Global) needs a minimum deposit of $10,000. The website suggests that worldtradex offers 1377 instruments, but the vast majority of these are stock CFDs.
Furthermore, the broker uses SSL encryption tosafeguard personal and financial data, ensuring a secure trading environmentfor all clients. worldtradex is a good choice for beginner and intermediate traders, especially since you can start with just $5, use demo accounts to practice, and have lots of additional resources. While it’s a strong platform, improving some of the issues highlighted by users would make it even better for new traders. If you’re thinking of using worldtradex, just keep these potential challenges in mind and evaluate how they align with your trading goals and risk tolerance. For more experienced traders, the Zero accounts offer commission-based trading with lower spreads.
This calculator allows traders to input the currency pair they are trading, the lot size, the entry price, the exit price, and the account currency. The worldtradex Margin Calculator allows traders to input the currency pair they are trading, the lot size, the leverage they are using, and the current exchange rate. The calculator will then determine the margin required to open and maintain the position.
Pepperstone and worldtradex segregate all client deposits from corporate funds and offer negative balance protection. Both brokers have an excellent regulatory track record spanning 15+ years. During my Pepperstone Worldtradex reviews review, traders received 1,350+ assets versus 1,000+ at worldtradex, but both brokers offered Forex and cryptocurrency trading.
The Standard account on offer at worldtradex gives you access to all the available instruments with zero commission. There are as many as 11 base currencies to choose from and a $5 minimum deposit for the account. As with traditional standard accounts, 1 Lot has a contract size of 100,000 units.
worldtradex provides variable spreads starting aslow as 0.6 pips for major currency pairs, such as EUR/USD, on standardaccounts. For traders using the worldtradex Zero Account, spreads can drop to 0 pips,with a small commission applied per trade. This flexibility allows traders tochoose the cost structure that best aligns with their trading strategies.
The worldtradex Pip Value Calculator allows traders to input the currency pair they are trading, the lot size, and the current exchange rate. The worldtradex calculator will then determine the value of a pip in the trader’s account currency. When it comes to trading fees, worldtradex Global charges a variable spread on its forex and CFD instruments. The spread is the difference between the bid and ask price of an instrument, and it varies depending on the instrument being traded. In general, the spreads offered by worldtradex Global are competitive with other leading forex and CFD brokers in the industry. This allows traders to choose an account that fits their individual trading styles and preferences.