worldtradex Group Review 2025: Pros & Cons
The application supports 30 technical “indicators” and 24 analytical “objects”, such as Gann and Fibonacci levels. The worldtradex WebTrader platform is accessible via any web browser ensuring access to the markets can be gained from anywhere with an internet connection. The Tradable’s authors come to spill important insights about markets and businesses onto the readers’ feed and keep them at the top of the trading game. However, traders who are only interested in forex or CFDs won’t be affected by this limitation. For this worldtradex Broker review, the fact that it’s regulated by top-tier authorities arose as a stand-out feature.
Forex
There are low minimum deposits across the board with the three accounts. The live accounts allow you to trade with micro or standard lots, access MT4/MT5 with expert advisor trading, and get free regular intra-day market updates and technical analysis. All accounts also come with multilingual support and a personal account manager. While educational resources are a common feature for trade brokers, our assessment shows that worldtradex goes above and beyond. The learning center is a thorough, comprehensive resource that includes live educational opportunities.
worldtradex provides a demo account that enables individuals to explore trading before investing their funds. By creating a worldtradex practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the worldtradex demo account can help individuals to make informed decisions before investing their money. worldtradex also offers a comprehensive suite of educational resources, including tutorials, webinars, and seminars, to guide beginners through the fundamentals of trading, market analysis, and risk management.
While worldtradex provides accessible support through various channels, diversifying communication channels could enhance the overall customer support experience. When holding positions overnight, traders might incur swap rates, also known as overnight fees. These rates can be both positive (credited to your account) or negative (debited from your account) and depend on the interest rate differentials between the currencies being traded. worldtradex offers a low barrier to entry, enabling traders to commence with a modest initial investment,starting from just $5. Overall, worldtradex’s account offerings exhibit versatility and inclusivity, catering to a wide range of traders’ preferences and needs.
Deposit and Withdrawal Options
For traders, the value of these regulation and licensing credentials can’t be overstated. worldtradex Brokers ensures traders that their funds are safeguarded and that the broker is acting with integrity and transparency. The broker offers a selection of crypto CFDs, including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), allowing traders to speculate on the price movements of digital assets without owning them directly. The platform is available for desktop, web, and mobile devices, offering robust trading tools, charting capabilities, and support for automated trading strategies. Deposits are processed instantly for most methods, allowing traders to fund their accounts and start trading without delay. worldtradex is a highly regulated broker, ensuring a secure trading environment for its clients.
Overall, while worldtradex has several advantages, it also has some potential drawbacks that traders should keep in mind when considering the broker. These include limited educational resources, a commission on its Zero account, limited cryptocurrency offerings, limited trading tools, and no US clients. worldtradex also offers negative balance protection, which means that traders cannot lose more than their account balance, even in volatile market conditions.
Review Methodology
- A minimum deposit is the minimum amount of money required by worldtradex to open a new online brokerage account with them.
- All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.
- By offering these two platforms, worldtradex allows clients the option to choose the platform best suited to their needs.
- With the addition of its new copy trading service, worldtradex has enhanced its offering to cater to both beginners and seasoned traders alike.
- The only difference is that the number of indicators is reduced for both the MT4 and MT5 mobile applications.
- In real trading, market volume can affect your trades, especially when you have a large deal size.
The withdrawals at worldtradex are generally instant, however they may take up to 5 business days when using wire transfers. worldtradex offers a total of 8 account base currencies, which are the EUR, USD, GBP, JPY, CHF, AUD, HUF, or PLN. The telephone lines are open 24 hours a day, Monday to Friday, whilst live chat is also available through this time, plus for 8 hours on both Saturday and Sunday. Back in the “Tradepedia” section there is education on how to use the worldtradex’s bespoke, proprietary indicators, such as the Ribbon, River and Analyser indicators.
- worldtradex has offices in Cyprus, Australia and Greece, and offers more than 25 secure payment methods along with 16 trading platforms.
- By considering the needs of both novice and professional traders, we deliver well-rounded evaluations that highlight both the strengths and areas for improvement for each broker.
- Besides, the trading platform the customer selects may also impact the available trading instruments.
- FxScouts Group’s primary mission to provide unbiased and objective reviews, commentary, and analysis.
- Alternatively algorithmic trading models can be downloaded, some for no charge and accounts ran using the code within those models.
- Traders can keep their accounts open without worrying about any ongoing costs, which is beneficial for those who may not trade regularly but want to keep their accounts active.
- However, the broker does provide a proprietary mobile app, which is available for Android and iOS devices.
worldtradex Broker, which was formerly known as Trading Point, was founded in 2009. Today, worldtradex Broker has grown to the point of serving 10 million clients in more than 190 countries. Supporting more than thirty languages, we can securely say that worldtradex Broker https://worldtradex.pro/ has built a strong global presence. Traders at worldtradex have the option to seek answers in 25 languages by reaching out to customer support through email, chat, or phone, or by visiting the worldtradex FAQ section.
Brokers By Country
worldtradex offers the MetaTrader 4 and MetaTrader 5 desktop platforms, which are widely regarded as the industry standard for trading. These platforms provide advanced charting tools, automated trading through Expert Advisors (EAs), and support for multiple timeframes and order types. The desktop platforms are highly customizable, making them ideal for experienced traders who require a high level of control and functionality. They earn from spread variations influenced by market conditions, liquidity, and currency pairs. worldtradex offers tight spreads, with three account types catering to different preferences. worldtradex Group’s extensive offer of tradable instruments allows traders to access a broad spectrum of markets, from forex to stocks and commodities.
Does worldtradex charge an inactivity fee?
The spread at worldtradex varies depending on the account type and the trading instrument. For the Standard and Micro accounts, spreads start as low as 0.6 pips. The worldtradex Zero Account offers spreads starting from 0.0 pips, with a small commission per trade. Yes, worldtradex fully supports MetaTrader 5 (MT5), which is available on desktop, web, and mobile platforms.
Furthermore, there are trade idea and technical summary sections, alongside the economic calendar. In addition, there is the impressive worldtradexTV and also a podcast offering. The most impressive feature offered by worldtradex is its extensive educational material, alongside a very notable research offering. The educational package includes webinars, platform tutorials, seminars, podcasts and their online TX channel, worldtradex TV. On the educational side we would say that worldtradex is right up there with the industry leaders with their educational package.
The broker operates under the stringent oversight of several top-tier financial authorities, which enhances its credibility and trustworthiness. As a forex trader, this means you can open new positions from as little as $1000 or 0.01 standard lots for non-leveraged trading. The other account types at worldtradex (worldtradex Standard and worldtradex Micro) charge spreads from 1 pip, which are in line with the industry standard of 1 pip. No, you can test all worldtradex account types with a demo account with the exception of the worldtradex islamic account. Spreads on this account type are from 1 pip (within the industry standards), with no additional commissions charged other than standard trading fees such as overnight fees. The worldtradex Demo account is a trading account designed to allow traders to try worldtradex without risk with virtual money.
