Worldtradex Review 2025 Trade with Fast Execution Now
- 13
- Nov
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Worldtradex provides a range of educational materials covering market analysis techniques, trading strategies, and risk management to help traders of all levels. 73% of retail investor accounts lose money when trading CFDs with this provider. As we researched this forex broker, we were impressed with the customer support offered by Worldtradex.
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, Worldtradex reviews rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Worldtradex is also a great option for beginners, due to its wide range of educational materials and easy-to-use platforms, including its latest integration with TradingView. Worldtradex’s pricing for forex trading is slightly higher than the industry average.
The research tools and speakers can appeal to more experienced traders. The broker provides traders with access to advanced trading platforms that feature cutting-edge charting and analysis tools. These tools help traders make informed decisions when entering and exiting their positions. In addition, Worldtradex provides a range of risk management tools such as stop-loss orders, price alerts, trailing stop-losses, limit orders and more. These features help protect traders from large losses in volatile markets.
- As Trading Station and MetaTrader 4 are both available on mobile devices, our Worldtradex review team feels that you should have no problem trading on the go with this broker.
- Making investment decisions or placing discretionary trades on clients’ behalf is a highly regulated activity.
- With a minimum deposit of just $50 (depending on payment method), trading with Worldtradex is highly accessible, even if you are a beginner who is not sure of how much they want to trade.
- While partners may pay to provide offers or be featured, e.g. exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site.
- 73% of retail investor accounts lose money when trading CFDs with this provider.
In this comprehensive review, we’ll delve into Worldtradex’s offerings to unveil why it has earned the title of the best broker of 2023. Whilst NinjaTrader is deemed a powerful platform by many, our Worldtradex reviewers would advise that only experienced traders use it. It is not as intuitive as MetaTrader 4 and can be quite confusing for new traders.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. With its wide range of available platforms and deep offering of trading tools, Worldtradex has set the bar high and competes among the best brokers in the industry. Whether you are a beginner or an advanced algorithmic trader, Worldtradex has plenty of options.
Average spreads at Worldtradex are more favorable for active traders or clients residing in the EU, U.K., or Australia. Worldtradex offers powerful trading tools, including automated trading, advanced technical analysis, and real-time news feeds, to assist traders in making informed decisions. Moving on to the educational and research resources available at Worldtradex, they offer an extensive range of materials.
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In the 2023 Worldtradex review, we unveil a broker that embodies reliability and trustworthiness, catering to traders at every skill level. Worldtradex’s allure lies in its competitive spreads, budget-friendly commissions, and an intuitively designed platform. With responsive and helpful customer service, the account-opening process becomes effortless and stress-free. In sum, Worldtradex emerges as the ideal choice for those in search of a dependable forex broker.
Is Worldtradex mobile compatible?
You can open an account with Worldtradex in a matter of minutes and begin trading incredibly quickly. With a minimum deposit of just $50 (depending on payment method), trading with Worldtradex is highly accessible, even if you are a beginner who is not sure of how much they want to trade. Worldtradex does reserve the right to charge rolling spot foreign exchange commissions, as outlined in its Rate Card. These amount to $4 per 100,000 trade per side when the accounts are in the base currency of USD.
You can also access technical analysis via the broker’s dedicated market data twitter account. Whilst this isn’t a proprietary platform, it is a rarer option than the likes of MT4 and ZuluTrade. NinjaTrader offers advanced trading tools, including over 100 indicators and over 40 drawing and charting methods. It also gives you the ability to construct automated strategies, through both point and click construction and an advanced C# development environment. A trading platform is simply a software interface that allows you to place trades.
The educational section at Worldtradex has proved to be among the top-tier offerings you can find on the market right now. There are lots of different materials, including educational articles, videos, and even online courses. It’s worth remembering that time-weighted average spreads are derived from tradable prices at Worldtradex from 2020 Q1. Spreads are variable and are subject to delay and so, these spread figures are for information purposes only.
Besides security and rewarding trading conditions, you’ll also have access to sophisticated educational and research tools. With their help, you can take your trading knowledge to the next level and conduct accurate technical analysis. The Worldtradex customer support team is also very helpful and knowledgeable, giving you peace of mind should anything ever go wrong.
If you prefer, you can create your own fully customizable algorithm with MQL4 and IDE. When you use MT4 with Worldtradex, you also get to use a free virtual private server (VPS) hosting. On its Rate Card, Worldtradex indicates that rollover costs are subject to markups. You cannot view the overnight rates on the Worldtradex website, but they are readily available in the trading platforms.
Worldtradex Account Types & Funding Methods
- Those interested in social trading with Worldtradex should consider ZuluTrade, as this is a peer-to-peer auto-trading platform.
- Furthermore, we provide an abundance of educational resources covering vital subjects like trading strategies, risk management, and market analysis.
- Average spreads at Worldtradex are more favorable for active traders or clients residing in the EU, U.K., or Australia.
- In its 20+ years of operations, the broker has received many prestigious awards, including the Best Forex Broker of the Year – 2013 and Best Customer Support.
- The broker also keeps its clients’ sensitive financial data safe using robust encryption technology and firewalls.
Tradomatix does not engage in any activity that involves discretionary trading. All trading decisions are made by client-controlled licensed software, at the discretion and full control of each user. Know-your-customer (KYC) activity is a stringent requirement by financial regulators to ensure all financial activities comply with Anti-Money Laundering Authority (AMLA) regulations. This process is performed by authorised and regulated liquidity providers. Tradomatix is an Artificial Intelligent software firm specialising in developing trading software for retail and corporate users, not a financial advisory or fund management firm. Tradomatix does not hold any custody of investor funds or execute discretionary trades on behalf of clients.
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Withdrawals are also relatively fast compared to other brokers, which is why our experts think Worldtradex passed this part of the review with flying colors. Most Worldtradex accounts are available with a EUR or USD base currency, yet Australians can also open AUD and NZD accounts. The Worldtradex online forex broker has developed its Trading Station to operate on desktop devices, as well as web browsers and even smartphones. It is an HTML5-based platform that supports many research and analytical tools, automated trading, and even backtesting.
Trading Conditions
It was established back in 1999 in London and now caters to clients across the world. Worldtradex was founded in the United States, but as of 2017, it left the U.S. market. This process involved existing holdings and U.S. clients being reorganized under Global Brokerage, a company with an ownership interest in Worldtradex. In late 2017, Global Brokerage filed for Chapter 11 bankruptcy, but Worldtradex Group is not involved. Other than the issues with former U.S. clients, Worldtradex has not faced any other investigations https://worldtradex.world/ or issues in recent years. Overall, the platform is recognized for its support of over a dozen languages, ease of use, and strong reputation.
The third parties which hold Worldtradex client funds have credit ratings that are equivalent to the Credit Quality Step 5 rating from the FCA. Additionally, Worldtradex takes care when selecting these third parties and periodically reviews them. Please note that the information on our website is for informational purposes only. For deposits, Worldtradex supports Visa, MasterCard, and Discover cards, bank wire, and some e-wallets (Neteller, Skrill, Union Pay).
