Yes, worldtradex is regulated by several financial authorities, including the FCA in the UK, ASIC in Australia, the CySEC in Europe, and the FSCA in South Africa. It is regulated by multiple tier-one financial authorities, including the FCA and ASIC, which adds credibility and oversight to its operations. We tested the live chat function several times over a week and found that each time responses were timely and the customer service representatives were knowledgeable, professional, and provided helpful assistance. Note that the regulated branches will not offer promotional schemes due to regulatory restrictions. In particular, I would recommend Capitalise.ai for users interested in algorithmic trading but that don’t have coding skills.
The broker cut its fees in 2022, offering reductions of up to 54% on some forex assets and indices. You can find out more about pips and forex trading in our in depth forex guide. The worldtradex Pro account is available to small hedge funds, retail brokers, and new market banks to access wholesale executions. While worldtradex Prime accounts are also available for high- or mid-frequency funds.
This compares well to leading forex brokers, including Pepperstone and AvaTrade. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. Firstly, you need to choose your country of residence and your preferred trading platform.
Trading Restrictions
We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. 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). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- The list includes big hitters like Bitcoin but also some smaller tokens like Tezos, and although it is not the widest selection of cryptocurrencies, it does provide decent scope.
- Placing your first trade involves a myriad of key elements such as leverage, margin requirements, choosing whether to go long or short, placing an order type and more.
- CFD trading is a type of derivatives trading which means that you trade on prices derived from underlying markets.
- The broker advertises average execution speeds of 0.018 seconds, which makes them very competitive.
- The fee is up to 50 units of the currency your account is denominated in or the balance of your account, depending on which is less.
In this worldtradex review 2025, we cover all the key metrics from supported markets, fees and commissions, account types, mobile trading, payments, regulations, and much more. New traders go through a quick three-step account application process at worldtradex, including account verification. Most traders will easily satisfy it by sending a copy of their ID and one proof of residency document, satisfying regulatory KYC/AML requirements. Should traders require assistance, they may call the toll-free numbers provided, use messaging app WhatsApp, e-mail the support team, engage via live chat, or contact the trading desk. The extensive support system in place is superior to most competitors, but very few traders will be likely to ever require it.
What trading platforms does worldtradex offer?
Their charge is levied across the spread cost which is calculated automatically when trades are executed. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. Overall, I find their educational tools to be very useful, and I appreciate the chance to access them with a few clicks on the broker’s website. It is great to see the course topics divided into sections according to traders’ skill levels, making them easy for the appropriate levels to access, and I am happy with the range of recorded materials available. worldtradex also offers 14 indices, covering major global markets and exchanges including US, European, British, Japanese and more as well as the VIX volatility index. On a lighter note, many traders will appreciate the 20+ crypto CFDs, traded in USD, EUR, GBP and AUD pairs.
The worldtradex platform is easy to navigate around and new customers will find it is a simple matter to answer most common questions via the FAQs section of the site. A comprehensive knowledge base and education centre also offers a lot of information about trading https://worldtradex.site/ strategies for beginners or experts. worldtradex’s pricing for forex trading is slightly higher than the industry average. Traders can access worldtradex on the go using either the mobile-optimized version of the proprietary Trading Station platform or the reliable MT4 application.
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I like the trading environment at worldtradex, especially for high-volume traders using algorithmic trading solutions. worldtradex is a very well-regulated global Forex broker with a large client base and a big reputation to maintain. All trading platforms fully support algorithmic trading, and worldtradex provides four free APIs to developers on top of a wide selection of third-party plugins. The research section offers a tremendous asset to all traders and warrants an account opening to retrieve free access to it. Education is also taken very seriously with daily webinars and an excellent selection of very well-written content.
The list includes big hitters like Bitcoin but also some smaller tokens like Tezos, and although it is not the widest selection of cryptocurrencies, it does provide decent scope. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. worldtradex allows trading in 43 forex pairs and 440 tradeable symbols, which remains below the industry average of 3,623 tradeable symbols.
Therefore, if Bitcoin is trading at $30,000 then 1 contract of BTC/USD would be priced at $300. When investing in crypto CFDs with worldtradex, the trading fees are included in the spread and there are no commission fees when opening and closing positions. Trading cryptocurrency CFDs with worldtradex appeals to many traders as they can control their position sizes with small contract sizes. For example, a single contract of BTC/USD at worldtradex is the same as one percent of the underlying price of Bitcoin.
He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Thanks to its combined offering of both Trading Station and MetaTrader https://worldtradex.blog/ 4 (MT4), worldtradex delivers a reliable, feature-rich mobile experience for forex traders. Domestic wire transfers take one to two working days while international wire transfers can take three to five business days.
Finally, some of worldtradex’s educational content is only available if your balance exceeds certain minimum thresholds. While minimum balance requirements could incentivize some traders to utilize the educational resources, I think it’s better to make the content free for all clients. Motivation can instead be inspired by creating interactive courses that feature quizzes and incorporate progress tracking. It’s worth mentioning that your trading account balance must meet a threshold to access certain educational content. The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures. As such you can expect to invest in 40 different currency pairs, stock index CFDs, stock CFDs, commodity CFDs, and crypto-derivatives.
worldtradex Demo Account
The quickest method to use when depositing funds to your account is with a credit card or debit card. Should worldtradex go into liquidation, segregated client funds cannot be used to compensate shareholders. Furthermore, if worldtradex cannot satisfy any repayment claims, eligible UK-based clients can claim up to £85,000 in compensation through the Financial Services Compensation Scheme. The companies that make up the worldtradex Group are regulated by multiple jurisdictions.
As we have already discussed worldtradex only provides access to CFD and forex trading. So, let’s take a look at the markets and products you can access when trading with worldtradex. The mobile trading platform does a good job of offering most features of Trading Station and MetaTrader 4 (MT4). Of course, the smaller screens of mobile devices mean it’s essential to keep scrolling between screens and using the tabs located at the bottom of the screen. worldtradex was founded in 1999 and offers global traders opportunities to access the most liquid markets in the world. worldtradex does not charge for any type of fund deposits and standard traders are not charged commissions on trades.
