Withdrawal fees vary by quite a bit, and usually depend on two separate factors – the exchange itself, and the blockchain of a specific cryptocurrency that you want to withdraw. We put all of the tools available to traders to the test and give you first-hand experience in stock trading you won’t find elsewhere. We will help to challenge your ideas, skills, and perceptions of the stock market. Every day people join our community and we welcome them with open arms.

worldtradex MT5 Global Account

To maintain low fees and high liquidity, traders are granted direct access to the markets. worldtradex provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards. Different account types are available for different trader types. For traders that wish to only trade CFDs and FOREX pairs, there’s a dedicated account. Stock traders will also find a suitable account, but let’s dive deeper and uncover more details.

We have been fairly impressed with the customer service provided. Support is available 24/7 which stands up well against Worldtradex forex brokers reviews competitors we have tested. It is useful if you don’t have the time or knowledge to make your own trades, though there is no guarantee you will make money.

Distinctive features

• The ROX platform is available for a minimum deposit of USD 3,000, and all trades made here are for the actual securities (no CFDs), and thus comes with a commission on all trades.
• The broker’s self-service resources receive generally positive mentions, with users appreciating the detailed FAQ section and platform demos.
• Automatically it means that the brokers’ offering is compliant to MiFID directive set by ESMA, therefore provides legal trading service within EEA zone cross boarding agreements.

The broker offers remote and in-person learning, as well as video seminars and classes via Skype. For Standard accounts, worldtradex’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these. The trading and non-trading commissions of broker worldtradex have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Eightcap and worldtradex Group, to provide the most comprehensive information.

Markets

With the MT5 Global account, you have access to 50 forex instruments, the Standard account offers 47 pairs and the ECN 45 pairs. With this variety of currency pairs, including majors, minors and exotics, traders won’t be short of opportunities. Meanwhile, the MT5 Global account offers 0.0 pip spreads with an even lower commission of up to $2. This is firmly toward the low end of the forex brokers we review. worldtradex is a decent platform, but I found the interface a bit outdated. The customer support is okay—they resolved my issue with a delayed withdrawal within 48 hours.

So, before diving into worldtradex’s offerings, evaluate the platform based on your goals and preferences. The laudable support system is multi-channelled across live chat, email, and phone communication. Customers can also access a wealth of information on the trading platform, including detailed FAQs and tools for answering questions and explaining diverse trading nuances. This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices. worldtradex supports J2copy, Robo Adviser portfolios, PAMM accounts, and individually managed portfolios. These options suit traders who prefer hands-off investment strategies.

There are more than 30,000 instruments available through various trading platforms and account types. worldtradex is one of the few brokers that can offer access to trading a wide range of asset classes, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks. The broker also provides a range of trading platforms including MetaTrader 4, MetaTrader 5, CQG, J2TX, and Sterling Trader Pro. Traders looking at worldtradex, who want access to more advanced trading features may be required to make higher minimum deposits. The additional trading features from worldtradex or from more premium trading accounts may help a traders investment strategy. If these premium trading features are not requires trading accounts with lower or no min deposit requirements may be sufficient.

The deposit minimum is accessible, making the broker a https://worldtradex.club/ decent option for seasoned and novice traders. The broker’s trading fees are competitive, making it appealing to both novice and experienced traders. Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders. worldtradex grants access to Forex, stocks, indices, commodities, bonds, futures, options, and CFDs. You can trade over 30,000 financial instruments across global markets. These platforms provide traders with a range of trading tools and features to execute their trading strategies effectively across various markets.

• These platforms provide traders with a range of trading tools and features to execute their trading strategies effectively across various markets.
• We want the everyday person to get the kind of training in the stock market we would have wanted when we started out.
• I like the variety of payment methods supported by worldtradex, making the broker easy to use.
• MT4 remains the industry leader with 25,000+ custom indicators, plugins, and EAs, but the quality upgrades are not free.
• My review did not uncover misconduct, scam, or fraud, and I confidently rate worldtradex as a legit and safe Forex broker.

How To Make A Forex Trade

The worldtradex minimum deposit amount to open an account is $100. However, a minimum balance of $2,500 is required to begin trading. Also, the minimum amount to open a future or margin account is $2,500.

worldtradex is an optimal broker for novice traders

The Islamic account complies with Sharia law by eliminating interest charges, making it suitable for Muslim traders. Many forex brokers offer attractive deposit bonuses ranging from 10% to 100% of your initial deposit. These bonuses can provide extra trading power by augmenting capital, potentially boosting gains. The minimum amount required to start trading can differ from the advertised minimum deposit on worldtradex.

Education and research tools

Each worldtradex trading account is assigned a base currency, which indicates the money that you deposit with the worldtradex trading platform will be held in that particular currency. Some online brokers provide trading accounts like worldtradex in only the four major currencies (US Dollars, British Pounds, Euros, and sometimes Japanese Yen). When moving money to worldtradex there may be a currency conversion fee for worldtradex clients if the base currency of your payment method differs from the base currency of you worldtradex account. The minimum deposit is $100 for the Forex and CFD Standard and MT5 Global account and $200 for the Forex ECN option. All three account types have a minimum lot size requirement of 0.1 lots and five-decimal pricing. The commissions of $2.00 to $3.00 per 1.0 standard round lot are highly competitive, but the spreads make short-term trading styles expensive.

There are no inactivity fees and spreads on the commission-free Standard account start from 0.5 pips. Let’s compare the fee policy with other brokers to better understand the difference. In this section we’ll show you how to open a live trading account with worldtradex. The registration process and account activation are fully digital, and the broker’s web page is very initiative and user-friendly. In addition, customer support agents are available 24/7 in case you have any questions. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process.

Step 1: Open an account

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The broker understands the importance of good customer service and provides 24/7 customer support via email, live chat, and over the phone. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. You can set goals such as general savings, retirement or college savings, which makes the tool user-friendly and gives you clear aims.