Alternatively, you can open a free demo account if you prefer to get a feel for what the broker has to offer. This can be a great way to see if they will meet your specific needs. I think they can be a good choice for anyone who is looking for convenient trading in a regulated environment. Incorporated in 2006, Worldtradex is an online brokerage launched by Success Trade Securities. The broker offers a complete gamut of financial services that include FX, stocks, bonds, futures and options. Besides providing direct market access (DMA), low commissions, the multi-regulated brokerage provides a modern high-speed infrastructure for instant trade execution.
- 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.
- I like this account because it has the lowest spread on MT4 which is important for my automated scalping systems.
- Worldtradex is a moderate-risk broker with the TU Overall Score of 6.4 out of 10.
- The broker provides the latest market news from the world of economics and finance.
- Worldtradex is a full-service financial brokerage company based out of Cyprus, well known as one of the most popular EU jurisdictions for forex brokers.
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- Traders should also keep in mind that triple rate swap fees are charged on a Wednesday.
- Explore meticulously crafted investment solutions, infused with customizable levels of profitability and protection to align with your unique financial goals and risk tolerance.
- Spreads on this account type start from 0.5 pips with no commission charged.
There is also the CQG platform with four different solutions that can be used to trade futures and options. 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. My only criticism is the fees for depositing funds to the ECN account, which don’t stand up against competitors like Pepperstone which doesn’t charge. For instant funding, I recommend card payments, which I find easy to set up, while bank wire transfers can take up to 5 days. The collective assessment suggests Worldtradex represents a strong value proposition for specific trader profiles while presenting notable limitations for others.
Our trade rooms are a great place to get live group mentoring and training. An investor could potentially lose all or more of their initial investment. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading.
For those inclined toward commodities, Worldtradex provides a diverse asset range, including agricultural and non-agricultural securities. MetaTrader 4 is offered with Worldtradex’s Standard, Forex ECN, andForex ECN Pro accounts and can be used as a desktop, mobile, or web app. Worldtradexr, the deep discount broker, has throughout the years been awarded and recognized for its contributions to the online brokerage industry. Also makes it possible for its clients to invest https://worldtradex.world/ and trade more than 3,000 mutual funds listed on its platforms. Like stocks, these too can be traded on both their proprietary and third-party trading securities trading platforms. Our review is nonetheless alive to the fact that its platform doesn’t have an integrated mutual funds screener.
These apps enable traders to execute trades, analyze charts, and manage their accounts from anywhere. The broker’s trading fees are competitive, making it appealing to both novice and experienced traders. Whether you are a seasoned trader looking to diversify your strategies or a beginner stepping into the world of Forex, J2T Copy accommodates your needs, aspirations, and investment capacities. It’s not just about participating in the market; it’s about elevating your trading experience, optimizing your strategies, and progressing towards a future of financial prosperity and stability. The integration of Worldtradex’s institutional services signifies a step towards comprehensive market exploration and diversified asset allocation. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process.
Trader platforms
Other brokers with managed accounts to consider include Key to Markets. Trading Central is an award-winning fusion of automated analytics & analyst research that has been supporting traders since 1999 and is available in 32 languages. It offers robust coverage of 75,000+ instruments to help investors broaden their trading strategies and diversify their portfolios.
Bank wire transfers:
Note that registration requires you to include your contact information (first and last names, email, and phone), and provide photos of your ID documents for verification. These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency. Among the financial service providers, there are fraudsters that we promptly report. Feedback and rankings from authoritative sites like «Trustpilot» on the TradingFinder website assist all traders. Participating in financial markets involves high risk, which can result in the loss of part or all of your investment.
For example, they offer over 30,000 stocks andmore than 90,000 option assets. Please note that full access to all assets isavailable on the MT5 account. The Standard and Forex ECN accounts primarilyoffer CFDs for forex, precious metals, and indices/energies. The broker has a huge variety of trading instruments across multiple markets including Forex, Cryptocurrencies, Commodities, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, Futures & CFDs. There is something for everyone to trade with thousands of financial instruments available. You will find everything from major currency pairs to stocks of large companies.
Why Lime Trading (CY) Ltd Stands Out:
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 Worldtradex those of the top two competitors, Eightcap and Worldtradex Group, to provide the most comprehensive information. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
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. 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. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs.
There is another company Worldtradex.com which is an offshore entity, which we never recommend trading with due to high risks. Besides the default routing option, Worldtradex + offers Nasdaq and Arca venues. Traders who need more options than these can use Sterling Trader Pro, which offers many more. Worldtradex offers several platforms and doesn’t charge a dime for any of them.
However, those needing extensive educational materials may explore other brokers. Worldtradex offers a wide range of trading instruments with sophisticated platform features catering to both trading newbies and market veterans. The platform’s commitment to user-centric solutions is evident in its diverse account types and focus on creating a practical demo trading experience.
This broker is a US deep discount brokerage owned by WhoTrades, Inc., a Russian-owned company in 2015. Retirement accounts accepted are traditional, Roth, rollover, and SEP IRAs. As for entities, Worldtradex offers Corporate, Limited Liability, Partnership, and Sole Proprietorship accounts.
That said, as far as the less-known exchanges and brokerages go, it’s actually still not that common to come across a platform that would offer fiat payment support. Yet again, though – while many user Worldtradex reviews aren’t going to tell you this, the platform in question has support for this feature. Lime Trading (CY) Ltd provides clients with direct access to major global stock and currency markets, catering to both individuals and legal entities. Our business, banking, legal, and accounting procedures adhere to the highest European standards, aimed at minimizing investment risk and maximizing reliability and trust.
These accounts have variable spreads from 0.0 pips and trading commissions from $2 per lot. Worldtradex offers traders a robust customer support infrastructure. The broker ensures customers get easily accessible real-time assistance during standard hours (9 – 6 EST) via a live representative. They also extend their reach to cater to queries during extended hours.
Our review shows Worldtradex scores less favorably when it comes to withdrawals. Not all deposit options are available – bank transfers, card payments and some e-wallets such as PayPal are supported. However, we are disappointed to find that there are fees for depositing in ECN accounts, the amount of which varies depending on the method you use. There are also withdrawal fees with this account, reducing its appeal. When comparing alternatives, users highlight several key differentiators.
