Additionally, WorldTradex utilizes segregated accounts to keep client funds separate from the company’s operational funds, providing an extra layer of financial protection. The platform also supports secure payment gateways for deposits and withdrawals, minimizing the risk of fraudulent activities. WorldTradex is committed to implementing industry-standard security practices to ensure a reliable and trustworthy trading https://worldtradex.site/ environment. These robust safety measures highlight the broker’s dedication to safeguarding its users, making WorldTradex a secure choice for traders who prioritize the safety of their trading activities and personal information. WorldTradex has proven to be an excellent choice for intraday traders with its ECN XL account.
Most popular Forex brokers reviews
- That’s why I may have missed some information about beginner bonuses.
- WorldTradex supports the MT4 mobile trading platform that provides excellent trading features you can also enjoy when using the MT4 desktop platform.
- For me reliability is of supreme importance, while trading conditions are secondary.
- WorldTradex impresses with its fast order execution speeds, averaging below 60 milliseconds.
- Luke Jacobi is a distinguished professional known for his role as President at Benzinga, a renowned financial media outlet.
- I actually prefer to take control of my own trading as I like to be responsible for my decisions.
- These include major pairs like EUR/USD and GBP/USD, known for their high liquidity and tighter spreads.
We do not provide investment advice or solicitation of any kind to buy or sell any investment products. Trading carries a high level of risk and may not be suitable for all investors. This structure minimizes conflicts of interest, as WorldTradex does not trade against its clients. WorldTradex has published 11 educational e-books covering a wide spectrum of topics (building a trading plan, trading mentality, scalping, etc.).
- Beginners can take advantage of some basic educational content and see what the broker has to offer with a demo account.
- This app comes equipped with sophisticated charting tools, including 30 technical indicators, 9 different timeframes, and 3 varieties of charts, ensuring a comprehensive trading experience.
- WorldTradex is nice broker and they helped me a lot during my adaptation process.
- The broker employs SSL encryption to ensure that all data transmitted between the trader and the platform is secure and inaccessible to unauthorized parties.
- It is worth mentioning that they don’t charge trading fees,, which is rare for an ECN account.The only platform available for trading is MT4, keep this in mind.
- WorldTradex prioritizes transparency, and all applicable fees are clearly outlined on their website, ensuring traders are fully informed about any costs before making transactions.
- This makes it easy for global traders to get started with the forex broker.
What are the spreads and commissions like with this broker? also, what is the best leverage for someone just starting?
However, the selection falls short of the comprehensive educational offering available from best-in-class brokers like eToro, limiting the brokerage’s appeal to beginners. Besides the very frustrating withdrawal charge, WorldTradex’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy. The most frustrating absence is stocks, which are entirely missing, though traders can at least speculate on stock markets through index CFDs. Withdrawals at WorldTradex are also disappointing, with all methods besides cards and wire transfers incurring a percentage withdrawal fee that can reach a hefty 3.4%, depending on the method. Wire transfers incur a $30-$45 flat fee (minimum limit of $500), many times more than the $5 withdrawal fee at eToro. Good thing is that there are plenty of assets available at WorldTradex, so I am sure you will find some for comfortable trading.
Trading Restrictions
The standout feature in WorldTradex’s instrument selection is its forex pairs offering, which I discovered to be one of the most diverse in the industry. Traders are given access to rare exotic pairs, such as MXNJPY, CHFPLN, USDHUF, and others. MT4 mobile app can be accessed on the go on both Android and iOS devices and affords quick and easy access to the market.
Demo Account
The broker operates using the STP/ECN execution model, which offers access to the interbank markets. “ECN” stands for “electronic communications network” and “STP” stands for “straight through processing”. ECN brokers execute by matching client orders and STP brokers execute by passing client orders directly to an external liquidity provider, with no dealer intervention and no re-quotes.
I proceeded trading’em with other brokers, but also signed up here to trade crosses only.I like that the broker offers the same leverage for majors and crosses. WorldTradex, founded in 2010 and based in Limassol in Cyprus, is a regulated currency broker offering a wide range of technologies and transaction services. Their ECN / STP business model allows customers to benefit from transparent prices in real time. The “Education & Research” section of the broker’s website is replete with various educational resources, such as learning articles, forex news, traders corner blog, glossaries, educational eBooks, and more.
It is worth mentioning that they don’t charge trading fees,, which is rare for an ECN account.The only platform available for trading is MT4, keep this in mind. There are not as many brokers operating in Canada as we would like. I like WorldTradex not only because of its low spreads and generally loyal policy towards traders. The company conducts its work in a completely transparent manner.Indeed, it is difficult to find a broker with such a reputation that has been working steadily for 12 years without much tragedy and upheaval. This is exactly what an experienced trader needs.I would also like to note the technical support service. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.