worldtradex allows trading in 43 forex pairs and 440 tradeable symbols, which remains below the industry average of 3,623 tradeable symbols. worldtradex is well-suited for beginners, providing comprehensive educational materials and user-friendly platforms. That said, there is some room for improvement and the overall educational offering still trails some industry leaders in this category.
Another alternative for novice traders who want to start fx trading with this broker is by opening a demo account or risk-free trading account with them. Likewise, experienced traders may also check out if this broker compares to other powerful trading platforms before deciding to start trading with their trading platform. For traders who appreciate advanced trading tools and quality market research, worldtradex is a winner – especially for algorithmic trading. Average spreads at worldtradex are more favorable for active traders or clients residing in the EU, U.K., or Australia. It offers the full suite of assets with micro-lot trading, leverage in line with regulatory requirements, plus the broker’s four trading platforms. worldtradex’s Demo Account provides $50,000 in fictitious capital for traders to practice strategies and explore platform features.
Support Service for Customer
You can enter instructions in text form and the tool will sort the coding for you. When testing the in-house platform, I was struck by its ease of use and intuitive design. Both analysis and trades can take place directly from the chart with a few clicks, https://worldtradex.blog/ and the handy sidebar makes it very easy to cycle through tradeable assets.
Trade Station
Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook https://worldtradex.pro/ Pro laptops running the latest version of macOS to test trading on the go.
Popular Forex Guides
ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. Before making any trading related decision, contact a local professional financial advisor. Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters.
- 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).
- worldtradex provides a standard range of deposit and withdrawal methods, including bank transfers, credit/debit cards, and popular eWallets like Skrill, Neteller, and PayPal.
- worldtradex offers bank wires, credit/debit cards, Skrill, Neteller, UnionPay, and cryptocurrencies.
- worldtradex also added services by FinTech firm eFXplus, featuring simulation and Forex trading recommendations by sell-side analysts from major banks, Quant models, and insights.
As such, we can’t give you details on the account, such as base currency, leverage, and other conditions. You will need to sift through the worldtradex site to find out if the information is available. They don’t give much in the way of analysis, but you can see images based on forex trading using the speculative sentiment technical indicators like the index indicator. Its features give clients direct access to everyone else (members of worldtradex) that use the platform. Here you can see their growth and return and choose to copy them if you like. worldtradex is a regulated broker with oversight from top-tier authorities such as the FCA (UK), ASIC (Australia), and FSCA (South Africa).
User Experience
Automated trading solutions often require a VPS service to operate effectively around the clock. worldtradex offers two VPS solutions, charged at $30 or a currency equivalent per month. Traders who exceed $500K notional trading volume for three consecutive months will get the fee reimbursed. worldtradex caters to most traders from its CFD account type, with the primary difference being by regulatory jurisdiction.
While it has faced regulatory sanctions in the past, it continues to operate under strict compliance in multiple jurisdictions. However, it is not registered with Canadian regulators like the OSC, BCSC, or ASC, which may raise concerns for Canadian traders. The Islamic account is available upon request and is specifically tailored for traders adhering to Sharia law, providing a trading solution that aligns with their financial and ethical values.
However, this may be different depending on your region and the website you visit. It should also be noted that this broker does not have a FAQ section or any other form of support. Lastly, you will be prompted with a risk and disclosure notice, and your trading account will have then been created. After clicking proceed, you will be given your account details, but you will still need to verify your identity, and you are prompted to do so here. The last step in the registration process of opening a trading account is to fill out a security question, provide your password, and agree to the terms and conditions.
The asset selection at worldtradex remains somewhat limited but sufficient for trading strategies requiring fewer highly liquid assets. It is unfortunate there is not a wider choice of Forex currency pairs as the infrastructure implemented by worldtradex provides excellent trading conditions. worldtradex is an international online broker that has been in business since 1999, making it one of the oldest brokers we have reviewed here at PipPenguin.