Not to blame worldtradex but bank wire transfers takes a lot of time to process… If i knew that would choose other options. The spreads are not raw, but still good enough, keeping in mind that this is sort of a basic account type. worldtradex advertises a bonus offer of up to 20% of the deposit amount under its promotional campaign. The broker names it a loyalty bonus offered to clients to encourage them to sign up and keep trading with worldtradex.
- On the other hand, experienced traders could use this account to test new strategies without risking any real funds.
- It commits to transparency and reliability, making it the go-to choice for traders seeking a trustworthy and efficient platform.
- Moreover, a virtually funded demo account can be used as a trading simulator to experience live market conditions without risking real money.
- There is a minimum withdrawal amount of $5 (or equivalent) for all accounts except for the worldtradex Shares Account which has a minimum $10,000.
worldtradex alternative brokers & comparison
However, it should be noted that worldtradex reserves the right to require adequate justification to open such an account. This may include providing documents or other evidence confirming the client’s religious beliefs. worldtradex is an international Forex and CFD broker regulated by reputable organizations such as ASIC (Australia), CySEC (Cyprus), and FSC (Belize). With worldtradex, inactivity charges kick in after just 90 days (i.e. 3 months) of the account being dormant.
- It serves a global client base across 196 countries, with more than 15 million registered users and an average of 14 million trades executed daily.
- Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments.
- These platforms combine to offer a versatile and powerful trading experience, suitable for all types of traders.
- worldtradex’s mobile trading app has a convenient interface and a powerful search engine.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. This does not increase the cost to you for using a broker and is how the site is funded and covers the costs of running this website. When we called, the team answered our call promptly, in less than a minute.
On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. worldtradex are a multi regulated broker in various jurisdictions such as Cyprus, Belize, Dubai and South Africa. We reached out through both the chat service and WhatsApp multiple times, and each time received responses within a minute. worldtradex is unable to accept clients from the United States of America, Canada, Israel and Iran. worldtradex are regulated by several top-tier authorities across its various regions, including CySEC (120/10), FCSA (49976) and DFSA (F003484). They provide free access to daily Forex webinars in 23 languages, available 7 days a week with 77 webinar instructors.
Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers. worldtradex stands out with low-cost, commission-free trading across its account types. Offering spreads from as low as 0.8 pips, negative balance protection, and swap-free options, it delivers flexible and accessible pricing for traders at every level. worldtradex Group treats all traders equally by offering uniform trading conditions regardless of account size. It enforces a no-requotes, no-rejections policy to ensure fair execution, creating a smooth and transparent trading experience across all account types and trading instruments.
Account Types & Fees
worldtradex MetaTrader 5 has many advanced trading tools for more advanced users.Understanding these tools can give you a competitive edge. The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. worldtradex traders can navigate the platform and find the information they need to make informed trading decisions. Autochartist on the worldtradex platform is a powerful tool designed to help traders find trading opportunities quickly and easily.
Leverage
worldtradex is a competitive choice for novices as well as more experienced investors. Having regional offices in Greece, Cyprus and Australia, the company serves clients worldwide. While its product portfolio is not as extensive as other brokerages, clients can still find sufficient tradable assets to trade across multiple financial markets.
How long does it take to withdraw money from worldtradex?
While it offers a user-friendly experience and competitive trading conditions, potential users should be aware of its limited cryptocurrency offerings and inactive account fees. worldtradex.com remains a strong contender in the Forex and CFD trading market, offering a reliable and feature-rich platform. worldtradex is a global highly regulated global online trading platform serving over 3 million traders worldwide.
Portfolio and Investment Opportunities
Respectively, with an open position, you can either gain USD 6.16 per day or lose USD 6.16 per day, as the rollover calculated as an interest to borrowed currency or earned on the purchased currency. worldtradex uses a 3-day rollover on Wednesdays for positions kept over the weekend to adjust for weekends. Generally, all procedures from account opening, managing, depositing/ withdrawing, and trading are straightforward, simple and transparent, which we will see in detail further within worldtradex broker review. Take a look at their website and you’ll be given some very impressive figures.
It is an impressive, wide range of choice offered across global equities. worldtradex offers stocks from seventeen national equity markets, including the major markets such as the U.S.A., the U.K., Germany, Switzerland, and Australia. Traders interested in trading individual major market stocks should give worldtradex serious consideration as a broker of choice.
By creating https://worldtradex.bid/ 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 MetaTrader 5 Can Operate on newer iOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi.You should upgrade the iOS MetaTrader 5 app regularly.
While international bank wire transfers can take several days depending on the bank, Visa and Mastercard transactions are typically processed instantly. Minimal withdrawal amounts, however, will depend on the transfer type and are typically a little higher. Overall, worldtradex’s account offerings exhibit versatility and inclusivity, catering to a wide range of traders’ preferences and needs. Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Worldtradex company reviews Europe, Asia, South Africa and Australia. worldtradex has a triple AAA grade support and customer service rating because they offer various range of languages, live chat, and email support.