Some payment processors have geographic restrictions, but the worldtradex back office will only list the ones available to traders. Traders can open an worldtradex account via the online application form, which follows well-established industry standards. It asks for name, e-mail, phone number, country of residence and knowledge and experience.
An industry veteran, Joey obtains and verifies Worldtradex reviews data, conducts research, and analyzes and validates our content. You’ve successfully signed up for our forex newsletter, where you’ll receive expert insights, market analysis, and the latest news straight to your inbox. For the purposes of this review, we found the customer support responsive but uninformed.
For the Micro Account, the minimum deposit starts at $100, which is ideal for beginner traders or those looking to start with a smaller investment. For more advanced accounts like the Premium and VIP Accounts, the minimum deposit increases to $1,000 and $10,000, respectively, catering to traders with higher capital. This range of deposit options provides flexibility for different trading styles and goals, making worldtradex accessible for both novice and experienced traders alike.
Is worldtradex a regulated broker?
And thirdly, broker provides a wide range of financial instruments, including currency pairs. worldtradex offers a range of account funding and deposit methods, including local bank transfers, debit cards/credit cards, Bitcoin payments, and various eWallets. Deposits are free on all funding methods and are processed within 24 hours, which is around the industry average. However, it takes 48 hours on average for worldtradex to process withdrawals, which is longer than most other brokers.
- These deposit bonuses can range from 20% to 100% or more, depending on the promotional campaign.
- You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- It is important to note that the minimum deposit requirement is just the initial amount needed to open an account.
- Our in-depth reviews consider over 200 metrics across seven key categories.
- Platform support is limited to MT4, but worldtradex offers an upgraded package labeled MT4 Advanced, which transforms MT4 into a state-of-the-art trading terminal.
- Compared to other similar brokers, worldtradex’s account opening process is fast, generally hassle-free, and fully digital.
worldtradex Zero Spread Account
I have been trying to salvage some of my money ,the so called adivice lose £1000 don’t ask me how and worldtradex won’t say. So I am trying to withdraw the £300 that’s left but can’t.To withdraw you have to close all trades easy. So you go to the withdrawal page peer withdraw processing ok.when you go back to trading platform it’s started trading by its self and you can’t stop. So now your withdrawal will be denied as your trading.This just goes on and on. To put bluntly you have done your money and when you complain you get a call no it can’t be stopped but if you deposit some you may get a profit.
worldtradex’s glossary of trading terms is an essential resource for new traders who need to familiarize themselves with industry jargon. The glossary provides clear definitions of common trading terms, ensuring that traders have a strong grasp of the language used in the financial markets. This resource is especially useful for beginners who are just starting their trading journey. The broker also offers downloadable e-books that serve as comprehensive guides to forex and CFD trading. These e-books cover a wide range of topics, from understanding market mechanics to developing effective trading strategies. Traders can download these resources and refer to them at their convenience, building a strong foundation in trading knowledge at their own pace.
worldtradex provides the industry-leading MetaTrader 4 (MT4) platform, favored for its advanced algorithmic trading capabilities and user-friendly interface. While MT4 remains the core offering, worldtradex has announced that MetaTrader 5 (MT5) will be available soon, further expanding trading options for its clients. Which ones do you prefer – fixed spreads are easy since at every point the trader knows the difference between bid and ask.
What are the key differences between the account types?
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. worldtradex is a multi-regulated broker, and account verification is mandatory.
Additionally, VIP account holders receive personalized support and exclusive bonuses and promotions. 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.
I also like the worldtradex fractional share dealing, which is excellent for smaller portfolios. The worldtradex group has 10+ years of experience more than 1,5M clients worldwide and offers negative balance protection. If you have at least $250 on your trading account, you can access the bronze package, which I use, and join analysis discussions that are always going on. Plus, this is an excellent tool for exploring other markets than the one you are focused on. The primary difference between live floating/live fixed trading accounts and the ECN/STP model is market execution.
Deposit & Withdrawal
Traders can choose between Live and STP/ECN accounts, both providing access to the industry-leading MetaTrader 4 (MT4) platform. Additionally, multiple trading accounts can be registered through the worldtradex Client Portal, allowing for greater flexibility when managing different strategies or products. If you are an experienced trader or have a larger trading capital, you may consider opening an account with worldtradex’s VIP Account. The VIP Account offers additional benefits such as dedicated account managers, higher leverage, and priority access to exclusive market analysis and trading tools. worldtradex frequently offers deposit bonuses to reward clients for funding their trading accounts.
Floating spreads will move with the market and will be sometimes higher and sometimes lower than fixed. If you are trading larger amounts, you can save by trading when spreads are tighter. Yes, the minimum deposit requirements vary depending on the type of account you choose. The minimum deposit for the Micro account is $100, for the Premium account is $2,500, and for the VIP account is $20,000. The minimum deposit required by worldtradex depends on the type of account that you choose.
- The broker’s advanced trading platforms, competitive spreads, and risk management tools ensure that traders can trade efficiently and confidently across multiple asset classes.
- DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
- I always recommend that traders check them before evaluating the total trading costs.
- Take the time to research and determine the account type that aligns with your trading goals and financial capabilities.
- The Micro account has a minimum deposit of $100, which allows you to start trading with a smaller investment.
- These instruments are available for trading on the MT4 platform, which provides advanced charting tools and real-time market analysis.
The choice of account types will also suit varying trading styles and capital needs. Yes, worldtradex offers demo accounts that allow traders to practice trading in a risk-free environment using virtual funds. These demo accounts are ideal for beginners who want to learn how to trade or for experienced traders who wish to test new strategies without risking real money.
worldtradex holds a “Trusted” rating with a trust score of 83 according to ForexBrokers.com, indicating a reliable level of trustworthiness in the industry. FxScouts is committed to ensuring protection of all personal information that we hold, and to provide and to protect all such data. We recognize our obligations in updating and expanding this program to meet the requirements of GDPR. FxScouts is dedicated to safeguarding the personal information under our control and in maintaining a system that meets our obligations under the new regulations. worldtradex’s research and analysis materials are more comprehensive than its education section, https://worldtradex.pro/ but compared to other large international brokers, are still lacking. Compared to other similar brokers, worldtradex’s account opening process is fast, generally hassle-free, and fully digital.
The VIP Account is designed for professional traders, with a minimum deposit of $10,000 and access to exclusive features like even tighter spreads and personalized support. This range of account options allows traders to choose the one that best suits their trading style and capital level. Founded in 2010, worldtradex has grown into a leading Forex and CFD broker, serving over 1.5 million clients from 180 countries. Renowned for offering the trusted MetaTrader 4 (MT4) platform, worldtradex is regulated by top authorities, including the FCA and FSCA.
To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. They offer the reliable MT4 trading platform, a range of products, plus competitive spreads and leverage levels.
