You can also use pre-loaded indicators, set up price alerts, compare instruments using price overlays, and customize the periodicity and format of the chart. You can add additional indicators via worldtradex Apps, where you will find hundreds of choices. worldtradex does reserve the right to charge rolling spot foreign exchange commissions, as outlined in its Rate Card.
South Africa
Finally, some of worldtradex’s educational content is only available if your balance exceeds certain minimum thresholds. While minimum balance requirements could incentivize some traders to utilize the educational resources, I think it’s better to make the content free for all clients. Motivation can instead be inspired by creating interactive courses that feature quizzes and incorporate progress tracking. It’s worth mentioning that your trading account balance must meet a threshold to access certain educational content. It is also a great option for active traders who benefit from an abundance of technical analysis tools, including over 150 analytical tools and a wealth of customisable charts and drawing tools. Trade ideas come in various forms, including mixed into the news, via the trading signals, and via the Before the Bell newsletter.
- In addition to the trading signals offered on worldtradex’s various platforms, you also gain access to even more signals via worldtradex PLUS.
- Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
- The research tools and speakers can appeal to more experienced traders.
- It was built based on the feedback from worldtradex traders and trading data accrued from over 10 years to meet the needs of their clients.
- This simplified trading process makes the platform a great tool for beginner traders.
- Residents of Liberia are not eligible to apply for an worldtradex live trading account.
Commission-based pricing is applicable to Active Trader account types. If you are a high-volume investor, then the Active Trader account may be for you. This account offers worldtradex’s lowest spreads with the added benefit of discounted commission, dedicated support, and depth of market. worldtradex standard spreads generally fall in the midrange when compared with other brokers with the most competitive spreads on offer appearing to be for AUD/USD and USD/JPY currency pairs.
When comparing the spreads to other brokers, worldtradex at first glance appears to have only average spreads. In addition to news features built into the various trading platforms, worldtradex has a Global Market News page on its website, where you will find detailed explanations of the latest global news. Most of these articles are from FXStreet, a well-respected source of news in the industry.
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 73% of retail investor accounts lose money when trading CFDs with this provider. The range of products available to you will depend on which global entity under the worldtradex Group houses your trading account. The following table summarizes the different investment products available to worldtradex clients. 65% of retail investor accounts lose money when trading CFDs with this provider.
worldtradex account types
worldtradex was founded in the United States, but as of 2017, it left the U.S. market. This process involved existing holdings and U.S. clients being reorganized under Global Brokerage, a company with an ownership interest in worldtradex. In late 2017, Global Brokerage filed for Chapter 11 bankruptcy, but worldtradex Group is not involved. Other than the issues with former U.S. clients, worldtradex has not faced any other investigations or issues in recent years.
Review Sections
If you are looking for the best possible spreads, then Active Trader is the best choice. Spreads with worldtradex’s active trader account are cheaper than they may appear when you compare with other brokers as worldtradex offer lower commission fees. The overall lowest spreads are offered by IC Markets in our head-to-head comparison. You should consider whether you can afford to take the high risk of losing your money. If you’re looking for a comprehensive Worldtradex forex broker trading experience, that comes with excellent support, features, and tools, look no further than worldtradex.
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Our review of worldtradex found that the company offers a straightforward account structure, average spreads, a combination trading execution model, and a good selection of trading platforms. TradingView Pro is a premium trading platform, but worldtradex clients can use it for free for a full year. Our worldtradex forex broker review team encourages you to try it out, as worldtradex is one of the few brokers that offer free access to the platform. To qualify for the one-year free access, you just need to deposit at least $300 into your worldtradex account. To ensure that we only recommend high-quality brokers, our reviewers have tried and tested each of worldtradex’s trading platforms. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
When making a deposit into your account with a credit card or debit card (Visa or MasterCard) there is a minimum of $50 per deposit and a limit of $30,000 per month for all worldtradex clients. Methodology updates are made so that new broker features and products are taken into consideration. Review updates ensure that all the information we provide is current and correct.
worldtradex Review
Our review of worldtradex found that the broker is regulated and licensed from the following institutions; the FCA, ASIC, ACPR, AMF, and FSCA. As these are all top-tier authorities, and worldtradex has a long history, the broker’s trustworthiness is guaranteed. Withdrawals are completed via credit or debit cards or bank transfers. The amount you withdraw to a debit/credit card cannot exceed the amount originally deposited. Withdrawals via cards do not have fees, but there is a $40 fee for bank wire withdrawals. This also tends to be the quickest method, taking about 3-5 business days.
Spreads¹ for the EUR/USD start at 1.3 pips as per worldtradex’s spread report (Q1 2021), and there are no fees for deposits or most withdrawal methods. worldtradex does not charge commissions² either, and pricing is clear and reliable. Since 1999, worldtradex, has been a pioneer in developing online forex offerings for retail traders. With its headquarters in London, Stratos Markets Limited (“worldtradex”) has grown to have multiple international offices and is licensed in several major regulatory hubs globally.
- There is a total of 39 currency pairs available with worldtradex, including majors and commodity pairs.
- If you prefer to place orders by phone, worldtradex offers a trading desk line that can be handy should you experience an interruption in your internet connection.
- Our forex broker comparison tables were constructed from information from providers’ websites or actual trading accounts.
To be able to take advantage of these discounted commissions, you will need a minimum of $25,0000 in equity in your trading account, so will not be a serious consideration for most retail traders. worldtradex is a global forex provider trading with various worldtradex entities in the UK, Europe, Australia and South Africa. We found that worldtradex has a simple, helpful account type structure, a hybrid trading execution model and a good range of trading platforms. worldtradex is a market maker broker that is transparent about both its execution policy and its slippage statistics. The Good Till Canceled Market Orders drop this to just 0.033 seconds or 33 miliseconds. Whilst this isn’t a proprietary platform, it is a rarer option than the likes of MT4 and ZuluTrade.
Best Forex Brokers
If you prefer social or copy trade, then Zulu Trader might be your preferred choice of the trading platform. This type of trading allows you to copy the trades of experienced traders, making it a great choice for beginner traders wanting to learn the trading strategies of successful traders. The feature gives users the ability of traders to share ideas and strategies and help other traders.
