This wide language support made nearly everyone to engage in easy and secure communication with worldtradex’s dedicated support team. worldtradex also encourages its users to contact customer support whenever they have any doubts regarding the trading platform. Whenever you start to trade in worldtradex trading account, they will always warn or remind you regarding the risks attached when trading with leverage. Even better, the platform provides the option to show a simple dashboard while trading to help you monitor their margin and cope with risk exposure in a real-time manner. You can observe both used and free margins, which will combine as the equity in your portfolio.
Automated Analysis
He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family. Notably, the worldtradex Islamic account stands out in the industry for not applying higher spread mark-ups as a substitute for these fees. In this account type, stocks are not traded only as CFD, but also as real, which make this account better for long term investing. The worldtradex Shares account is tailored to those traders who want to invest in the stock market. Additionally, worldtradex does not impose a minimum amount for withdrawals, and do not charge fees. The only exception is for wire transfers, where worldtradex covers deposit fees only for transactions over $200.
This account type is not available worldwide, but only under the CySEC and FSA regulated branches of worldtradex. worldtradex offers a total of 8 account base currencies, which are the EUR, USD, GBP, JPY, CHF, AUD, HUF, or PLN. Although it took a few hours to get a response, the reply I received was detailed, with step-by-step instructions that made the process easy to follow. An economic calendar also helps to keep you informed about upcoming events that can cause market volatility. Watch my video walk through of the worldtradex app below to see how it looks and feels, as well as how to place a trade. If you’re seeking a broker without inactivity fees, Vantage might be a suitable alternative.
- They were founded in 2009 & are one of the largest forex brokers in world in terms of daily trading volume, and have close to 2.5 million clients globally.
- It offers more than 1,300 tradable instruments at various trading costs.
- Signing up with the broker is relatively quick but requires account verification.
- This means that trading 1 Lot of EUR/USD is the equivalent of $10 per pip.
worldtradex specializes in providing CFD (Contract For Difference) trading across various markets such as forex, commodities, indices, and stocks. The broker’s professional approach to addressing client concerns and facilitating smooth deposit and withdrawal processes further solidifies its credibility. worldtradex’s trading fees are reasonable having come down in recent years, but they can still be bettered by some day trading brokers, notably IC Markets and Fusion Markets.
Is worldtradex Safe to Trade With?
worldtradex Brokers allows their customers to make deposit using EFT, Cards and using various electronics payment gateways. Now, worldtradex’s Ultra Low account is the perfect replacement, with very low spread on majors & minors. You can only claim worldtradex’s welcome bonus if you choose this account, but on negative side, you cannot claim any other bonus like Loyalty Rewards.
In this regard, worldtradex went also far and developed truly wide education support throughout various regions with the purpose of educating traders, which is a great plus for all traders. worldtradex offers various account types including 3 Main Options Micro Account, Standard Account, worldtradex Ultra-Low Account and additional Shares Account designed for Shares trading particularly. The instrument selection is favorable too for those prefer good diversification, not thousands like coompetitors but still good. Fees across all offered asset classes we find similar to other brokers who mainstay on average Fee conditions. Potential negatives, meanwhile, include inactivity fees, a small product range, and unavailability for American traders.
worldtradex Group offers a strong selection of trading platforms and tools, including MetaTrader 4 and MetaTrader 5. The rating for platforms and tools is average, making it a viable option for most traders. Both brokers offer nearly identical trading fees with volume-based rebates for active traders. Pepperstone has faster order execution, while worldtradex has no re-quotes. Therefore, I rank Pepperstone and worldtradex on par for typical spreads and fees. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.
From the regulatory perspective, worldtradex is supported by licenses from the CySEC and the FCA. Since its inception, worldtradex broker has quickly gained the attention of traders all around the world, thanks to its various advantages such as low spreads, fast service, and other types of attractive offers. So far, worldtradex claimed to have executed a total of 1.4 billion trades with remarkable zero repeats or rejections. Pepperstone and worldtradex are industry-leading brokers, and I recommend traders test the trading environments in their respective demo accounts. Pepperstone has no minimum deposit requirement, compared to the small $5 minimum deposit at worldtradex.
- While some clients believe the company is legitimate, others denounce it for withholding clients’ funds and unjustified account closures.
- Here is the step-by-step process of opening an account with worldtradex and initiating trades.
- Clients who still need to meet the eligibility requirements can access the VPS by requesting it in the Members Area for a monthly fee of $28.
- With its extensive teaching tools and language support, also Price alerts let traders react quickly to developments in the market.
Which Withdrawal Process Is Better, Pepperstone or worldtradex?
We strongly suggest you complete your homework before proceeding with it. A client from Kenya even reviewed its rating from Worldtradex review 1 to 5 stars on FPA after getting his dispute resolved with the broker. Anyhow, the company holds a rating of 3.092 out of 5 stars after 669 reviews. While sharing personal experience with worldtradex, a Quora member said that he had been using the broker for more than three years and never faced any issues.
worldtradex Markets range offers diverse variety of products so you can enjoy a great choice that meets different expectations and preferences. Besides, we see dramatic growth in instrument offering compared to previous years, adding more Cryptocurrencies and CFDs to the list, also recently added Thematic Indices like AI Index etc. worldtradex has received various awards over the years from different organizations, reinforcing its reputation as a notable broker in the financial industry.
I found a new asset for me here at worldtradex, didn’t think of trading it before I’ve seen the conditions. Think of it how you like, but I rate Silver even above gold for a couple of reasons. And I just like it, so I dont need like extra arguments to trade it lol. The platform is easy to use, my deposits and withdrawals are usually without major stress, and spreads are competitive. I find that the experience gotten here is that of a well-balanced one. worldtradex provides a range of investing options, mostly emphasizing active trading above passive investment choices.
worldtradex Customer Service and Support
The formula that you can used to find margin is leverage x volume (lot) x current bid/ask price. You will receive a margin call warning once your account equity plunges below 50% (the required margin to open positions). Margin call warning is a notification mechanism, to inform you that your trading account lacks the required equity to maintain trading positions.
This feature looks the same as offered via worldtradex’s desktop trading platform. Clients can trade major forex pairs such as the EUR/USD with a spread from 1.6 pips. On the other hand, the minimum spread to trade precious metals like Gold is 25 pips.
Multilingual 24-hour Customer Support, 5 Days a Week
Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. All websites and web-based platforms are tested using the latest version of the Google Chrome browser.
I share my knowledge with you for free to help you learn more about the crazy world of forex trading! ForexBrokers.co.za is a broker comparison & education website for South Africans. We aim to help traders in South Africa find the best forex brokers.