Worldtradex Broker: CFD Trading Platform & Services
Available for download on Google Play and the App Store, the mobile apps allow you to place orders and check your positions on the go, as long as you have internet access. The copy trading system ranks traders based on their profitability over a given period, allowing you to easily find and follow the most successful traders. There are multiple copy trading modes, with no restrictions on the number of signal providers you can copy. Users maintain control even when copying others as they can activate or deactivate copy trading with a single click.
Fees and Processing Times
It offers spreads from 1.0 pip with no additional commission on trades. This account type is available on both MetaTrader 4 and MetaTrader 5 platforms. Worldtradex offers a wide range of trading instruments, competitive spreads, and fast execution speeds, which create an efficient trading environment. The platform’s user-friendly interface and access to advanced trading tools make it suitable for both beginners and experienced traders. Worldtradex is a globally recognized online broker established in 2005, offering a wide range of trading instruments, including forex, CFDs on indices, commodities, shares, and cryptocurrencies.
This fee is relatively moderate compared to industry standards but is still something to consider for traders who might not be active regularly. Keeping your account active with occasional trades can help you avoid this fee altogether. Worldtradex stands out with its extensive offering of over 10,000 stock CFDs. Covering shares listed on exchanges across Australia, the US (NYSE & NASDAQ), the UK, Hong Kong, Singapore, and continental Europe, traders can engage with global markets across multiple sectors.
Account Currencies
Each year, we collect thousands of data points and publish tens of thousands of words of research. Trading financial instruments, including but not limited to forex, CFDs, stocks, and cryptocurrencies, carries a high level of risk and may not be suitable for all investors. The leveraged nature of these products can work both to your advantage and disadvantage. To withdraw money from Worldtradex, log in to your account, navigate to the withdrawal section, choose your preferred method, enter the amount, and submit your request. Yes, Worldtradex also supports MetaTrader 5 (MT5), the advanced version of MT4, offering additional features such as more timeframes, improved charting tools, and more asset classes. Yes, Worldtradex offers cryptocurrency CFDs, allowing traders to speculate on popular digital assets like Bitcoin, Ethereum, and Litecoin without owning them directly.
These accounts are available for both the Standard and Raw account types. Yes, Worldtradex is a legitimate broker with nearly two decades of experience in the financial https://worldtradex.biz/ markets. The company is well-regulated by reputable authorities, ensuring it operates transparently and adheres to strict industry standards. Opening an account with Worldtradex is a straightforward and user-friendly process, designed to be completed in just a few minutes. The broker has streamlined the process to ensure that traders can start trading as quickly as possible while still adhering to regulatory requirements for verification and compliance.
Our self-test of the broker highlighted its strong points, including low trading costs, multiple platform options, and excellent customer support. With nearly two decades of experience, Worldtradex has established itself as a reliable choice for traders across the globe. Before opening a live account, novice traders can use the demo to test the broker’s platform and the available trading instruments.
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- It’s known for its transparency and advanced trading technology.
- Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise.
- Having multiple account currencies available allows traders to avoid currency conversion fees when depositing and withdrawing funds in their local currency.
- The company provides live market prices, full market depth, and direct access to the exchange order book, ensuring 100% of client orders can be hedged in the underlying market.
- They have a trading course and many different video tutorials covering topics for beginners and advanced traders alike.
- As many as 94% of all clients gave the broker a score of 5 stars, and only 2% of reviewers rated it with 1 star.
Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Yes, based on your detected country of NL, you can open an account with this broker. Yes, Worldtradex charges an inactivity fee of $10 per month if there is no trading activity for 12 consecutive months. You can open an account at Worldtradex if you are a Canadian citizen.
This makes it a great choice for both new and experienced traders looking for strong CFD trading opportunities. The platform is available on Windows/macOS, works in the WebTrader browser, and in mobile apps for iOS/Android. Hedging is allowed, the minimum lot is 0.01, and the RAW account with zero spreads makes MT4 particularly attractive for scalpers.
Worldtradex Broker: CFD Trading Platform & Services
IRESS is an innovative trading platform with a fluid and intuitive design that supports multi-product execution and provides access to level 2 exchange data. The platform displays current prices streamed directly from the underlying exchange and has your orders placed into the exchange order book at the click of a button. If a trader’s account has zero balance and no activity for more than three months, Worldtradex will disable it, without charging any dormancy fee for this. Traders are able to reactivate the account at any time they wish and resume their trading activity by sending an email to .
- These accounts are available on both the Standard and Raw MetaTrader accounts.
- The accounts for the broker are audited annually by the leading firm in the country, BDO Australia.
- For traders using the IRESS platform to trade shares, the minimum deposit is significantly higher at $1,000.
- Spreads are the difference between the bid price and the ask price.
- Worldtradex offers over 10,000 Australian and international stock CFDs, alongside CFDs on indices from 4 continents.
Select one or more of these brokers to compare against Worldtradex. Yes, Worldtradex is available in the UK, offering services under its European regulation by CySEC, adhering to stringent compliance requirements. No, Worldtradex does not accept clients who are residents or citizens of the United States. See how Worldtradex compares against each of the following brokers. However, no investor compensation fund is available in the event of bankruptcy or insolvency.
Worldtradex is a well-regulated broker, ensuring a high level Worldtradex of safety and security for traders. The broker operates under the supervision of multiple regulatory authorities, which reinforces its commitment to transparency and client protection. This wide selection of trading instruments allows traders to build a diverse portfolio, manage risk, and capitalize on market opportunities across multiple sectors and regions. Compare the trading volume of Worldtradex and Exness using the table below.
The fees and commission at Worldtradex changes depending on what type of account you are signed up to. For example, for a non-leveraged CFD share you will be paying a 0.8% commission and 0.11% for the purchase of a new share. You can get access to the industry standard MetaTrader 4 platform through Worldtradex and they recently added the subsequent versions of this software- MetaTrader 5. Worldtradex is well-respected and they are one of the most reliable brokers in the space today. They are completely transparent and they segregate the customer funds away in a different account to their operational funds. Worldtradex has been around since 2005 when they were founded in Australia.
At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Yes, Worldtradex offers negative balance protection to ensure that clients do not lose more than their initial investment, protecting them from volatile market conditions. Yes, Worldtradex offers social and copy trading through integrations with Myfxbook AutoTrade and the MQL5 community, allowing traders to copy the strategies of successful traders easily. Worldtradex is considered safe due to its regulatory oversight, client fund segregation, and robust risk management practices.
Through the commission on RAW accounts (USD 6 per round-turn lot), spreads on Standard accounts, swap/overnight charges and a fixed fee on international bank withdrawals. After completing the entire account opening process, including uploading the relevant KYC documents, you must wait for the broker to approve your account. Once your trading account with Worldtradex is approved, you must fund it using one of the payment methods provided by the broker. The minimum deposit required to start trading at Worldtradex is $50. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process).
My mission with TrustedBrokers is to help you find the right broker for you, whether you’re a beginner or a pro. I’ve personally used and tested the brokers mentioned in this article. I started my career in investment banking in London as an FCA-approved person. Swap-free accounts, also known as Islamic accounts, are available upon request. However, you should note that an administration fee applies when positions are kept open for two or more trading days in a row. A withdrawal will normally take about two working days, but in some cases it can take as long as five working days.
At this CFD broker, you can access the cryptocurrency market and trade the most popular cryptocurrencies. The crypto broker offers CFDs on major digital assets like Bitcoin, Bitcoin Cash, XRP (Ripple), Bitcoin Cash, Litecoin and Ethereum, tradable against the USD. Worldtradex provides exposure to global indices through contracts for difference (CFDs), such as NASDAQ 100, S&P 500, DOW 30, FTSE 100, DAX 30, and more. You can also trade index futures CFDs from across the world with margins starting from 1% only.
Worldtradex offers CFDs on major global indices, including the NASDAQ 100, S&P 500, Dow Jones 30, FTSE 100, DAX 30, JP225, and HK50. The broker also supports trading on futures-based indices and regional markets such as the AUS200. With low margin requirements, fast execution, and AU$1 per point pricing on select indices, the platform appeals to traders seeking macro-level exposure. Worldtradex offers access to a wide range of over 10,000 trading instruments, catering to traders looking for broad market exposure and diversified trading opportunities. With competitive trading conditions and global market access, the broker supports both short-term speculation and long-term portfolio strategies.