Despite the fact that IFSC is an offshore license, that does not actually implement strict overseeing of the trading processes, yet additional heavy regulation of the worldtradex makes it an acceptable choice. While it may offer fewer commodities and cryptocurrencies than some market leaders, its overall offering remains competitive, particularly with its extensive stock CFDs and currency pairs. The deposit and withdrawal process is generally straightforward and convenient.
You can pay around $7 per standard lot in and out on the zero account, which is more or less the industry average. I find the zero spreads are great for scalping strategies but you could save a little on commission fees with RoboForex. They also have zero pip spreads but commission goes as low as $4 per round turn. On the other hand, experienced traders will appreciate worldtradex’s flexibility, as it supports a variety of trading strategies including algorithmic trading, scalping, day trading, and swing trading. This is facilitated by its extensive portfolio of trading accounts, each with unique trading conditions. Additionally, worldtradex provides over 20 equity index CFDs, 5 commodity CFDs, and futures CFDs on various assets, including precious metals and energy markets.
Community share experiences, tips and tricks
In evaluating trust and safety, worldtradex’s strong regulatory framework, fraud prevention measures, client fund security, and emphasis on risk management contribute to its reputation as a reliable and secure broker. Traders can have confidence knowing that their investments are protected and that they are trading with a broker that operates under the supervision of respected regulatory bodies. Each one of these three can be set up for swap-free trading which complies with Shariah law. worldtradex offers its clients everything they need to trade and a chance to improve their chances of success.
Trading Tools
If you fund your account in a currency different from the base currency of your account, a currency conversion fee may apply. Clients of worldtradex can set up their accounts to be in the following base currencies – USD, EUR, GBP, CHF, AUD, HUF, JPY, AUD, RUB, SGD, ZAR and PLN. Funds can be paid in using debit card, credit card, bank transfer or ePayment agents.
- worldtradex alsooffers swap-free accounts for traders who follow Islamic finance principles,ensuring compliance with Sharia law.
- Additionally, there are live trading education sessions, video tutorials, and platform guides for both beginner and advanced traders.
- This experience combined with strict regulation and customer service in over 30 languages makes them one of the best forex brokers for traders from all different backgrounds and levels of experience.
- This is in line with its mission and dedication to always provide convenience for clients, including setting up a customer support line that is available 24 hours every Monday to Friday.
- The management team have hosted hundreds of seminars in over 120 cities to educate traders.
One common question many new traders ask is, “Is worldtradex a good broker for beginners? ” Over the years, worldtradex has earned a reputation for offering competitive trading conditions, user-friendly platforms, and robust educational resources. In this review, I will provide a detailed analysis of worldtradex from a beginner’s perspective.
He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go.
Account funding at worldtradex Group
The VPS fee will be automatically deducted from your MT4 or MT5 accounts on the first day of each calendar month. worldtradex Group accepts clients from all over the world, excluding the USA, Canada, Israel, and Iran. If you are from one of the restricted countries, feel free to look for an alternative broker on our compare brokers page.
worldtradex also encourages its users to contact customer support whenever they have any doubts regarding the trading platform. Since 2011, worldtradex has been receiving a warm response from Southeast Asia (Malaysia, Singapore, including Indonesia). More than 1 million traders from all over the world have traded with worldtradex brokerage, so it doesn’t come as a surprise if the company provides services in more than 20 languages. This is in line with its mission and dedication to always provide convenience for clients, including setting up a customer support line that is available 24 hours every Monday to Friday. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. The mobile trading platform allows traders to gain access to multiple tradable assets, including forex, crypto, and CFDs.
Offering of Tradeable Products
Investor protection is important because it provides confidence to potential investors that their money is safe and protected. It also Worldtradex courses scam ensures that financial markets are fair and transparent, which promotes stability and growth. To keep funds secure, segregated accounts are sometimes held with top-tier banks.
- It would be advisable to check the fund transfer charges with them before funding your account.
- Yes, worldtradex is a reliable broker with world-class trading technologies and educational resources.
- While no investment is entirely risk-free, worldtradex’s adherence to international regulatory standards provides a layer of comfort for new traders.
- Providing options such as Skrill allows for faster transfers to and from trading accounts.
- We have over 20 years of experience when it comes to trading online so we know what to look for.
This helps in verifying your identity and expediting withdrawal requests. Moreover, worldtradex ensures the security of clients’ personal data by employing encryption for data transmission. The company also provides trustworthy trading platforms, including MetaTrader 4. Deposits into worldtradex trading accounts can be made in various currencies, including USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR and USDT. It is possible to make deposits in other currencies outside these listed but there will be exchange fees.
Over 1,200 stock CFDs, more than 100 traditional stocks (subject to regional restrictions), 12 turbo stocks (subject to regional restrictions), more than 20 indices, and over 5 commodity CFDs are available. Withdrawal requests are declared to be processed instantly by their Artificial Intelligence Back Office System, based on algorithmic parameters. worldtradex unfortunately cannot accept clients from the residents of certain countries, such as the United States of America, Canada, Israel and Iran. worldtradex offers Forex, Stock CFDs, Turbo Stocks, Commodities, Indices (Equity and Currency), Energies (Cash and Futures CFDs), Precious Metals (Spot and Futures CFDs), Thematic Indices and Crypto CFDs. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information.
The charting and tools found on the MT4 and MT5 platforms are still widely considered to be the industry benchmark. It did used to offer markets in Bitcoin but has positioned itself as more of an expert service for trading in other markets. The VIX, otherwise known as the ‘Fear Index’ reflects market appetite for risk. Funds transfer processing time is quick and in line with standard banking practices.
You would usually need to fund your worldtradex trading account using traditional methods like bank transfers, credit/debit cards, or e-wallets. These requirements can change over time, and they may vary depending on your region and the type of account you’re opening. In comparison, the worldtradex Standard Ultra-Low account has a https://worldtradex.blog/ lower requirement, starting from 0.01 lots trading volume and a limit of 50 lots per ticket.