By leveraging push notifications, traders are kept abreast of real-time market shifts and alterations in their portfolios, ensuring they remain at the forefront of every pivotal movement. With trading platforms compatible with Windows and Mac desktops, worldtradex ensures non-mobile traders https://worldtradex.world/ have a comprehensive trading experience in the desktop environment. Details regarding futures trading fees are subject to verification, and potential traders should consult worldtradex’s official platform for accurate, real-time information. The CFD fees are added to the broker’s spreads, promoting a more affordable trading experience for users trading CFDs.

Feedback and rankings from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders. Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders. worldtradex doesn’t charge withdrawal fees, but external payment providers may have their fee structures. Like some of its major competitors, worldtradex aims to educate its users through various learning resources. However, while worldtradex has taken the step of elevating its users’ trading experience, it still has much to do to stand shoulder-to-shoulder with the best brokerages. You have to be at least 18 years old to sign up with worldtradex.

Overall, the available platforms offered by this broker are great and traders of different needs will easily find what they are looking for. During the registration, you will be required to provide additional information and provide proof of residency along with proof of your identity for verification. You can use utility bills or bank statements as proof of residency and a government-issued ID card, passport, or driving license as proof of identity. worldtradex offers both investment and market speculation opportunities to its clients. Let’s discuss the available instruments in more detail.

worldtradex offers a suite of tradable instruments, catering to traders with different all kinds of preferences and methodologies. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The company now has more than 155,000 clients in over 130 countries. This is a good indication that the brand is a large, legitimate brokerage.

The platform offers clear market data and graphs, though we particularly rate the Excel output option and economic calendar, which are useful for planning trades. The huge range of 35,000+ instruments is a key benefit of opening an account. Our tests show that only a select few brokers, such as Saxo Bank, can rival worldtradex when it comes to the number of trading products.

• On the other hand, traders are charged commissions starting from 3 USD per lot.
• We have a phone, an email and, a very interesting, online chat and a service that with a single button you access a live call via the web.
• The name on the payment processor and worldtradex account must match, as third-party payments remain prohibited by AML rules.
• The training programs are designed based on tools for traders of all levels, from “beginner to advanced.”

This is a requirement of financial regulators that worldtradex are monitored by. Typically, you will be required to upload a photo of your identification card to worldtradex in order to pass worldtradex KYC verification. You will need a valid email address and phone number to open a trading account with worldtradex. On the downside, the minimum investment is fairly high at $500. Also, similar to the copy trading service, there is no guarantee you will make a profit.

worldtradex Trading Platforms

To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. worldtradex is a trustworthy forex broker in our view. It has strong regulatory credentials, other positive user reviews, and has received a number of industry awards. worldtradex also offers an automated investment advisor.

There is real-time data to help with trading decisions, including an economic calendar, market news and information on initial public offerings (IPOs). Our testing shows that both MT4 and MT5 support forex trading and provide an excellent suite of technical indicators, charts and analysis tools. Importantly, we find both platforms easy to use with a sophisticated design and a customizable workspace. With that said, traders should be aware that the available instruments vary depending on the account you have. For example, the Standard account offers a reduced list of metals and CFDs in addition to forex. The MT5 Global account offers the widest variety of assets.

Comprehensive review

Judging by standard procedures, new customers may get their accounts activated within a day, depending on the availability and genuineness of their documents. Between 74-89% of retail investor accounts lose money when trading CFDs. If there is a minimum monthly deposit or minimum balance with worldtradex, you must always ensure that you are in compliance with worldtradex account requirements. These apps can be downloaded to iOS or Android devices. They have mobile-optimized charts, multiple order types and facilitate one-click trading.

worldtradex’s web platform allows traders to access their accounts directly through a browser, ensuring easy access without software downloads. worldtradex doesn’t charge withdrawal fees, prioritizing smooth and straightforward financial transactions. With its regulatory oversight, worldtradex offers an additional layer of security to its clientele. However, those craving advanced features might yearn for more than what the broker offers. In other words, worldtradex is for the pragmatic trader seeking simplicity and efficiency. When signing up with worldtradex you are required to provide certain personal information, such as your date of birth, proof of ID and address in order to open a worldtradex account.

Building a Knowledgeable Trading Community

Yet while we enjoy using these features, our team finds that the depth and quality of market research don’t rival alternatives like IG Group. Below is our comparison of the two MetaTrader platforms. Other fees to be aware of are the swap fees that are charged https://worldtradex.blog/ on positions held overnight.

User Trust Scores and Reviews of worldtradex Broker

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. 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.

The worldtradex demo account has an overly high demo account balance of $100,000, but the registration is refreshingly swift. I did not find a time limit, which suggests that worldtradex understands the requirements of demo trading. I prefer more customization options to ensure demo trading conditions reflect planned live portfolios. Still, I rate the demo account at worldtradex as sufficient. Option traders pay $2.50 in commissions, and futures cost between $0.50 and $1.50. Swap rates are competitive, making worldtradex well-suited for strategies that last seven to ten trading days.