worldtradex Review 2025 A Must Read Before Opening An Account

The service provider is BeeksFX, but worldtradex clients must have a minimum account balance of $2,500 and a monthly trading volume of 30 standard lots. worldtradex offers traders the core MT4 trading platform without third-party upgrades. Margin can be thought of as a good faith deposit required to maintain open positions.

While this selection is reasonable, it is somewhat disappointing for a broker that has specialized in forex since 1999; most other forex brokers have the same number of or more pairs. That being said, worldtradex does offer the forex pairs that most traders will be interested in, so only advanced and professional traders are likely to feel the lack of choices. There are also 12 indices to choose from, seven commodities, the BUND treasury fund, and one cryptocurrency CFD, BTC/USD. While worldtradex does not offer stock trading, its comprehensive selection of other instruments, combined with competitive spreads, positions it as a strong choice for traders focused on forex and CFDs. Whether you’re trading major currency pairs or exploring commodity markets, worldtradex provides the necessary tools and instruments to engage effectively in global financial markets.

Why Choose worldtradex

Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives. Participating in financial markets involves high risk, which can result in the loss of part or all of your investment. This option allows traders to diversify their approach, potentially benefiting from the power of AI.

worldtradex offers integration with the TradingView platform, allowing clients to trade directly and access plan upgrades at no additional cost. You can also utilize a demo account to practice using $20,000 to $50,000 virtual fundswith 24/5 access to live market data. This tiered approach allows traders to select an account that best aligns with their trading goals, risk tolerance, and capital availability. This type of trading model levels the playing field with more transparency and a greater degree of control over your trades. worldtradex offers customer support through live chat, phone call, and email. All your trades, deposits/withdrawals will be measured in your base account currency.

Other than the issues with former U.S. clients, worldtradex has not faced any other investigations or issues in recent years. Overall, the platform is recognized for its support of over a dozen languages, ease of use, and strong reputation. The average spread for EUR/USD is 1.3, and users can view an updated list of average spreads on the “Spread Costs” page.

All CFD option is commission-free, which means costs are included in the spread. Withdrawal can be done by card, Bank Wire or Skrill, Neteller and in Australia by Electronic Funds Transfer and Union Pay. While there are no withdrawal requirements, there are fees when using Bank Wire and Union Pay. worldtradex operates four subsidiaries around the world that are overseen by different financial authorities. The leverage you are able to trade with depends on whether you sign up to the UK, European, Australian or South Africa entity. Our broker reviews are reader supported and we may receive payment when https://lunarcapital.team/ you click on a partner site.

How does worldtradex ensure the safety of my funds?

Since my last review of worldtradex almost a year ago, I would have expected the broker to expand its tradable instruments offering, but it still has the same limited number of assets. In my estimation, worldtradex’s clients would benefit greatly if the broker introduced more share CFDs, ETFs, and futures contracts for a broader and more diverse general offering. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight. When we review brokers, we look at the licenses held by each of their entities to understand how well they protect clients.

• That said, the broker doesn’t charge volume-based commissions, has a modest inactivity fee, and only applies a handling fee on withdrawals.
• As a trader who prioritizes flexible charts that are easily scalable, I find MT5’s charting capabilities too rigid and less effective.
• There is no Zero or ECN account that charges a commission, so all account holders with worldtradex are charged spreads.
• Newer traders can access a wealth of educational resources, an unlimited demo account and reliable customer support, while algorithmic traders can take advantage of worldtradex’s automated trading software.

Low-Cost Trading Structure

Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. Compare worldtradex with the top 3 similar brokers that accept traders from your location.

Professional account

Ordinarily, we prefer to see a choice between a commission-free account (geared towards beginners) and one with raw spreads and low commissions (geared towards advanced traders). However, worldtradex has outdone many competitors by offering the kind of tight spreads you’d expect from ECN accounts without charging a commission. worldtradex’s desktop trading platform is MT4 and MT5, available for Windows and Mac. This platform provides full trading functionality, charting tools, and technical analysis capabilities essential for both beginner and advanced traders.

What’s the minimum deposit for worldtradex?

This account offers leverage, faster execution, and lower fees with commissions based on trade volume. Discounts apply to major currency pairs like EUR/USD and GBP/USD, allowing traders to earn compensation from spreads, commissions, and rollovers. worldtradex broker providing online trading services for forex, CFDs, and other financial instruments. In this article, we will explore the features, trading platforms, products, fees, account types and more.

The worldtradex trading platform imposes a variety of worldtradex spreads and fees, depending on the type of financial instrument traded on worldtradex or withdrawal methods requested on worldtradex. There are two major types of accounts offered by worldtradex, Standard Accounts with minimum deposits of $50 and Premium Accounts with a minimum of $20,000. You can also open an Islamic (interest-free) account by submitting a form. Individual self-traded clients cannot open Percent Allocated Money Management (PAMM) accounts, but these are available for referring and introducing brokers.

• I was impressed by worldtradex’s innovative one-size-fits-all trading account, which combines zero commissions with raw spreads.
• worldtradex offers analyst insights and market summaries to provide traders with valuable research.
• worldtradex is committed to providing its clients with the best possible trading experience, and its customer service team is available 24/5 to assist with any questions or concerns.
• No, worldtradex doesn’t accept clients from the United States due to regulatory restrictions.

This platform is a worthy alternative to Trade Station and MetaTrader. The CompareForexBrokers team created a trading platform selector so you can work out what trading software best matches your trading needs. I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform.

Each serves different needs—from beginners to high-volume traders—with varied spreads, leverage, and bonuses. worldtradex applies an inactivity fee if an account remains unused for 12 consecutive months. The charge is the lower of 50 units in the account’s base currency or the remaining balance, with JPY-denominated accounts subject to a ¥5,000 fee.

How often are margin requirements for FX and CFDs updated?

Open CFD positions incur overnight fees each night, Monday through Friday, for the duration of their holding period. On Fridays, most stock, ETF, and index CFD traders are hit with a threefold increase in their weekend fee. When you purchase anything on worldtradex, including Forex, Minors, Majors, Exotics, Indices, Metals, or any other assets, you will be subject to worldtradex spread fees. They are accounted for in the total purchase price that is displayed to you in worldtradex. Pips are used to measure prices for both worldtradex commodities and currencies.