As a comparison, Fusion Markets offers 10 deposit currencies, which can help prevent the need for often costly conversions. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. worldtradex could offer more in terms of trading tools and reduce or eliminate its withdrawal fees, but these are minor complaints. I like worldtradex’s floating spread pricing model, which rivals the cheapest zero-commission brokers that I have reviewed. Tight spreads increase the viability of short-term trading strategies, while the no-commission model makes trading with worldtradex simple for beginners. I guess, I won`t be the first, who claimed this, but the brokerage service is very affordable there.
Yet, as we notice ECN Promo account is currently unavailable for signing so mainly worldtradex Login to ECN XL is available. Also, worldtradex is a member of the Investor Compensation Fund, which secures the claims of covered clients against a company in case of its insolvency. Negative balance protection provided by worldtradex guards traders from losing more than their account balance.
Should You Trade With worldtradex?
Client support is number one, and worldtradex has great support, so I am satisfied. Since I became client, I have done many withdrwaals, and all of them came in. Trading there, were both stable and favourable experience, this I I thing matters the most, while chooising any broker. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. The withdrawal may take up to seven business days depending on the payment method but usually withdrawals are processed much faster.
Brokers By Country
worldtradex Broker is based on the ECN/ STP trading solution while all orders are routed and matched in the electronically configured network through the liquidity pools of institutional providers and market quotes. This structure minimizes conflicts of interest, as worldtradex does not trade against its clients. This means when I swtich to real account, I can have the SAME experience and will not be prone to execssive emotions👍 Demo is like a guinea pig where you can actually test out the strategy.🎯PS.
Swaps can be either positive or negative based on the interest rate differential between the two currencies in a currency pair. worldtradex does not charge particular fees for overnight holding of positions outside the average swap rates. As for the consistency the Broker performs quite good operation along all the years and we didnt find serious breach of rules or fines imposed. In addition, real traders comments (which you may check underneath our review too) are mostly positive and there are many satisfied and happy traders at worldtradex which is another plus to its clarity. Verification can help ensure real people are writing the reviews you read on Trustpilot. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
The multilingual support team responded very quickly to my queries over live chat, never taking more than 30 minutes to get back to me. I also find the FAQs section on the website a useful way to solve basic queries. To avoid these charges, I recommend using Visa or Mastercard bank cards, as I found these do not incur a fee. Single account never bothered me anyway and I think this is how they made sure everybody is equal and one is not getting better trading conditons than the other! I’ve seen companies who have many accounts and if you pay 10k you can get better conditions, this should not work like this, and worldtradex has my utmost respect for doing the right thing. The spreads are not that bad, but can be even lower for the popular pairs like eur/u sd because a lot of poeple trade it.
Is worldtradex A Good Broker For Day Trading?
For cryptocurrency users, worldtradex provides an added benefit with up to a 10% discount on each deposit made via crypto. Deposits using https://worldtradex.blog/ BTC or ETH are processed instantly, meaning as soon as the transaction is uploaded on the blockchain, the trader’s account is credited without waiting for confirmation. Additionally, worldtradex does not charge any deposit fees, enhancing its appeal to cost-conscious traders. To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process.
- Particularly attractive to cost-conscious traders worldtradex is a broker with good reputation and large trading community with quite high scores on performance.
- Trading via MT4 is smooth, and execution is fast with minimal slippage.
- worldtradex’s commitment to multilingual support enhances accessibility for clients from various regions, although it’s important to note that support is unavailable on weekends.
- Our partners cannot influence our reviews, nor can they pay us to bias our rankings.
- We provide broker reviews and ratings to help users find a suitable broker according to their own needs.
Platform and Trading Experience
During testing, we have been impressed with the ECN pricing that offers spreads from 0.0 pips, while the 70+ currency pairs provide better market coverage than most alternatives. I started trading with worldtradex back in 2019 and can’t believe how time flies. This is the broker with whom I have traded for the longest period of time! And even now, after 5 years of trading here, I don’t even think of moving elsewhere. This is a broker to consider in the long term.The flagship of this platform is the ECN XL account.
Accounts & Banking
By minimizing latency and enhancing order execution speeds, the VPS Sponsorship Program ensures that automated strategies operate smoothly and efficiently, maximizing trading performance. Regular deposit bonuses are available to both new and existing traders. These bonuses offer additional funds based on the amount deposited, enabling traders to increase their trading capital and potentially enhance their trading outcomes. worldtradex frequently updates its deposit bonus offers to align with market trends and trader needs, providing ongoing opportunities for enhanced trading capacity. Positives are the no minimum deposit, free demo account and excellent support, however it lacks the educational tools or social trading features provided by category leaders like eToro. worldtradex works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker.
But there is 0 dongs and whistles, so, again, not everyone might like it. If you have traded with worldtradex we would really like to know about your experience – please submit your own review. worldtradex does not have a proprietary mobile app, though MT4 can be downloaded to Android and Apple devices. The mobile application has proven to be stable and reliable during testing.
Also, a recommended minimum deposit of $500 is suggested https://worldtradex.pro/ for those looking to maximize their trading experience and access additional features. Technical indicators and broad charting tools of MT4 give traders complete analytical capacity. By means of Expert Advisors (EAs), the platform offers automated trading, empowering algorithmic traders to apply their ideas efficiently. For both new and seasoned traders looking for a strong but straightforward trading environment, worldtradex’s MT4 platform is an overall fit.