worldtradex Review 2025: Read Before You Trade

Clients are supported in over 30 languages, 24/5, and can access their personal trading account from MT4 on desktop or trade on the go. In addition, the broker offers daily, updated educational and market news delivered by a multi-lingual professional research team. Entering the financial markets with worldtradex is simple, transparent and supportive for all levels of investors. I found worldtradex’s selection of tradable instruments diverse enough to accommodate most trading strategies. The broker offers gold and silver CFDs denominated in EUR and USD so that traders whose accounts are also denominated in the same currencies do not have to pay a conversion fee.

Understanding the Regulatory Protections of Your Account

For support specific to worldtradex, you can find support 24/5 with a live chat and the option to request a callback from any page on the website. The worldtradex FAQ section should be enough to answer most questions as it has categories for opening accounts, client funding, trading, and the trading platform. If you prefer a fixed spread for your trading strategy then you could consider a no commission account. These tend to have higher marked up spreads but you do not pay a commission on trades. It is actually quite rare to find a broker that has fixed spread account which is often a choice for traders who are running scalping strategies that need consistent spreads at all times.

Is worldtradex suitable for automated trading?

Overall, although worldtradex offers a wide range of informative video content, the materials generally lack substance and are not well-structured. worldtradex’s research and analysis materials are more comprehensive than its education section, but compared to other large international brokers, are still lacking. The four-step account opening process is fully digital and accounts are generally ready for trading in one day. worldtradex offers individual, joint, and corporate accounts, but we will focus on opening an individual account. Overall, because of its strong regulation with some of the best international, a long history of responsible behaviour, and wide industry acclaim, worldtradex is considered a safe broker to trade with. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.

What trading platforms are available at worldtradex?

  • For support specific to worldtradex, you can find support 24/5 with a live chat and the option to request a callback from any page on the website.
  • However, the broker does not provide any low-risk securities, such as ETFs, bonds, or vanilla options.
  • I am really impressed with the variety of accounts and think it is very advantageous how you can choose depending on what matters the most to you, whether that be low spreads or no commission fee.
  • Overall, although worldtradex offers a wide range of informative video content, the materials generally lack substance and are not well-structured.
  • These fees can accumulate over time, particularly for traders holding positions long-term.
  • With high leverage options and multiple trading platforms, worldtradex continues to attract a growing number of traders from this region.

worldtradex enables commission-free trading; however, I found that spreads on some popular instruments exceed the industry average. Traders in Australia and New Zealand can also access worldtradex’s trading services. The broker provides tailored solutions for the Oceania market, including competitive trading conditions and access to the MetaTrader platforms.

Market News and Analysis

worldtradex offers a loyalty program for active traders, where clients can earn points based on their trading volume. These points can be redeemed for various rewards, such as cashback, trading bonuses, or exclusive gifts. The loyalty program is designed to reward consistent and high-volume traders, providing an additional incentive to remain active in the markets.

As worldtradex operates instant execution accounts, there remains the potential for conflict of interest; but the availability of market execution accounts should satisfy any concerned traders. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. After conducting a series of tests, I concluded that worldtradex’s multilingual customer support is fast and reliable. worldtradex’s TradeCopier connects signal providers and signal followers and is available from the client portal.

worldtradex allows accounts to be denominated in 13 different base currencies, depending on the account chosen. In line with Anti-Money Laundering rules, worldtradex does not process payments to third-party accounts. All withdrawal requests from a trading account will be funded to a bank account or source in the trader’s name. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of leverage.

worldtradex are renowned for their high-quality trading execution which they consistently look to improve by investing in technology advancements. The trading process is automated which keeps manual intervention to a minimum and thus helps to maximise efficiency and effectiveness. The award-winning trading platforms available provide an automated risk-management system to ensure that client accounts will never go negative. worldtradex incorporate advanced order execution with a vast amount of liquidity from liquidity providers (LP’s), low fees and competitive spreads (from just 0 pips) and 24-hour multilingual customer support. FxScouts helps traders across the globe by meticulously testing and reviewing online brokers and providing Forex education and market analysis.

  • Those who want to trade from a mobile device will have to use a mobile version of MetaTrader 4.
  • Each account type has specific features, such as varying spreads, commission structures, and leverage options.
  • Compared to other similar brokers, worldtradex’s account opening process is fast, generally hassle-free, and fully digital.
  • There are plenty of account types and payment options to suit all types of traders whilst each client is treated equally.
  • The mobile applications for MT4 are fully featured and highly rated, so there should be no issue.

Essentially, the broker lends the trader money so that they can open bigger positions. Leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades. I asked a series of questions with varying degrees of difficulty and determined that the agent’s answers were swift and comprehensive. He was also polite and patient, taking his time to provide satisfactory answers to my questions. When we test a broker’s customer support, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.

worldtradex ensures efficient execution and offers leverage options to suit different trading strategies. The broker’s advanced charting tools and analysis features on MT4 make it easier for traders to make informed decisions when trading commodities. worldtradex is also active in the Latin American market, serving clients from countries such as Mexico, Brazil, Argentina, Chile, and Colombia. The broker offers Spanish and Portuguese language support and ensures that traders in Latin America have access to competitive spreads, high leverage, and advanced trading platforms.

I don’t mind paying the small commission fee as the broker needs to cover costs somehow. This allows you to trade indices on various markets across the globe with deep market liquidity and easy to use trading platforms. You can trade spot metals with no currency exposure, some of the most competitive spreads and industry leading trading conditions. MT4 is perhaps the most popular online trading platform that is used by millions of traders across the world of all experience levels. It is very user friendly with an abundance of implemented trading tools for efficient markets analysis and trade management. MT4 has a short learning curve whilst there are plenty of online tutorials that can help to familiarise new users to the platform.

In most cases worldtradex’s Worldtradex reviews trading costs are built into the spread – though the Zero Fixed Account and ECN Zero Spread Accounts carry an 18 USD commission in exchange for spreads of 0 pips on the EUR/USD. Additionally, it should be noted that the average trading costs at most other brokers tend to be 9 USD or lower. Trading costs on all account options at worldtradex are significantly higher than this average – at between 11 and 22 USD per lot traded. In line with the strict regulatory environment under which worldtradex operates, all client funds are kept segregated from operational accounts and all European traders will have negative balance protection.

Choose Your Country or Region

It equips traders with essential tools and configurations to analyze price action and spot trading opportunities. Just as important is the ability to easily scale price action, allowing for a clearer and more detailed view of market movements. According to my findings, worldtradex’s No Commission account features low-to-average share CFDs spreads, average commodities spreads, average-to-high spreads on indices, and high spreads on currency pairs. worldtradex provides access to the widely popular MetaTrader 4 platform and offers free Virtual Private Server (VPS) hosting for low-latency trading. The broker stands out with its extensive educational and research content, developed both in-house and sourced from the renowned Trading Central.