However, they are still powerful platforms that will provide everything needed for experienced traders to conduct technical analysis while also being intuitive enough for beginners to pick up easily. In our experience, the 0.2-pip average spread on EUR/USD is far tighter than most commission-free accounts, which regularly charge 1 pip or more for this major pair. Worldtradex offers a decent selection of payment methods including standard card and wire transfers as well as crypto and e-wallet solutions. This is a convenient range and I was especially happy with the inclusion of crypto payments as these are highly flexible and should work for traders based almost anywhere. Worldtradex offers a variety of convenient deposit and withdrawal methods to accommodate traders’ needs. THis way, I can now have much more flexibility in my capital.For instance, if I now have 2x my capital, I can risk 2x more on my trades, this way I would be risking 1x of my own money.
Worldtradex supports trading via the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, with MT5 added in 2025. On the surface, this is an ideal offering that provides the best of both worlds, though in practice we found some instruments pricier than others, so you shouldn’t expect superior pricing across the board. This means that clients of Worldtradex’s offshore branch won’t get the same level of protection and won’t have access to compensation schemes or trusted regulators if things go sour. Opening an account with Worldtradex is a straightforward process designed to get traders started quickly. Worldtradex does not charge specific fees for CFD trading beyond the spread. Scalping, algo trading, swing trading the broker doesn’t restrict you.
Worldtradex a part of the European Markets in Financial Instruments Derivatives (MiFID), which gives it the freedom to operate in the entire European Union under the European Economic Area (EEA) agreement. Reliable customer support is essential when trading with any broker, and Worldtradex recognizes this importance by offering efficient and accessible service. Traders can reach Worldtradex’s support team 24/5 through multiple channels, including email, phone, and live chat. This ensures that help is always available, no matter the time or urgency of the inquiry. The variety of contact options allows traders to choose the method that best fits their needs, whether they prefer quick responses through live chat or more detailed assistance via email or phone.
When it has to do with trading…
The broker’s objective is to offer attractive spreads across all account types, ensuring traders can benefit from cost-effective trading regardless of their account tier. Worldtradex offers an extensive selection of tradable instruments, providing traders with the flexibility to diversify their portfolios across multiple markets. The platform grants access to a wide range of forex pairs, including major, minor, and exotic currencies, enabling traders to capitalize on global market movements. In addition to forex, Worldtradex offers a variety of commodities, including popular options like gold, silver, and oil, which are ideal for those seeking to hedge or invest in physical assets.
It is one of the best forex platforms for technical traders. Our team highly rates Worldtradex’s forex offering, which includes 72 major, minor and exotic currency pairs and is on par with competitors like OANDA, which offers 68 pairs, and Forex.com with its 82 pairs. Security is a paramount concern for traders, and Worldtradex addresses this with a commitment to maintaining a secure trading environment.
It helps professionals in the forex market trade currencies, cryptocurrencies, indices, energies, and metals using advanced technology. The company is known for focusing on its customers by offering competitive prices and favorable trading conditions. Worldtradex offers excellent customer support available 24/5 through email, Live Chat, and international phone calls. Support is provided in multiple languages, ensuring clients from around the world receive quality assistance. After reviewing Worldtradex, we find that the company offers trading with the STP/ECN model and quotes directly from liquidity providers. They have created different types of accounts with various features and minimum deposit requirements, making it easy for traders of all levels to get started.
To my surprise everything was better than I expected, I didn’t have any problems with the registration process. Compare Worldtradex with the top 3 similar brokers that accept traders from your location. However, the selection falls short of the comprehensive educational offering available from best-in-class brokers like eToro, limiting the brokerage’s appeal to beginners. The three chart types MT4 offers are far behind newer alternatives such as TradingView, and the 9 time frames from 1 minute to 1 month have also been surpassed by many other platforms. Besides the very frustrating withdrawal charge, Worldtradex’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy.
Company details
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. 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. You can even get a VPS service for free to keep your automatic trading bots running smoothly if your own Internet is spotty.
Unique Features
I would rather trade with a trading view with a modern interface, which is user friendly at least. It’s really easy to use compared to the others and it’s also mostly accurate with its technical tools. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. This average customer rating is based on 30 Worldtradex customer reviews submitted by our visitors. Worldtradex does not have a proprietary mobile app, though MT4 and MT5 can be downloaded to Android and Apple devices.
When you trade with an Worldtradex ECN account, you can automatically access multiple currencies like EUR, USD, and GBP with tight spreads starting from 0.01 pips. To see the full fee structure, check all the conditions including commissions, funding fees, and inactivity fees. All costs are included in the spread, which starts from 0.1 pips. You can compare the current spreads for the most traded instruments and see how Worldtradex spreads stack up against those of BlackBull Markets. Remember to consider Worldtradex’s rollover or overnight fee, which applies to positions held for more than a day and varies by instrument.
Yes, Worldtradex is considered safe for traders, thanks to its comprehensive security technologies designed to protect both client funds and personal data. The broker employs SSL encryption to ensure that all data transmitted between the trader and the platform is secure and inaccessible to unauthorized parties. Additionally, Worldtradex utilizes segregated accounts to keep client funds separate from the company’s operational funds, providing an extra layer of financial protection. The platform also supports secure payment gateways for deposits and withdrawals, minimizing the risk of fraudulent activities. Worldtradex is committed to implementing industry-standard security practices to ensure a reliable and trustworthy trading environment. These robust safety measures highlight the broker’s dedication to safeguarding its users, making Worldtradex a secure choice for traders who prioritize the safety of their trading activities and personal information.
“A reliable ENC broker”
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- The combination of educational tools and a well-regulated environment makes Worldtradex a reliable option for traders looking to expand their knowledge while maintaining secure trading conditions.
- Worldtradex offers competitive spreads and flexible leverage options across all forex pairs, catering to both short-term traders and long-term investors looking to diversify their portfolios in the global currency markets.
EeziePay and AWEpay process both deposits and withdrawals instantly, however you should be wary of currency conversion fees. The other e-wallets Neteller and Skrill process deposits within an hour of the request and are instant for withdrawals, which is competitive. On the downside, Worldtradex’s high fees for most withdrawal methods are a disadvantage.
This transparent approach ensures that traders only need to consider the spreads when calculating their trading costs, simplifying expense management without the worry of hidden fees or unexpected charges. Below, we will explore these fees in more detail, helping traders understand how they might impact overall profitability. Forex trading is a cornerstone of Worldtradex’s offerings, featuring a comprehensive selection of currency pairs for traders to explore. These include major pairs like EUR/USD and GBP/USD, known for their high liquidity and tighter spreads. Minor pairs, such as EUR/GBP and AUD/CAD, provide additional trading opportunities with slightly wider spreads. For those interested in less conventional markets, exotic pairs like USD/TRY and EUR/ZAR are also available.
There were some hitches in my trading here but I attribute it to my lack of experience and the fact that for the last time I was impressed by economic news. For example, the EUR/USD currency pair is the most liquid currency pair in the forex market, so it generally has the tightest dealing spread. If an important news event occurs, such as a key economic data release, the EUR/USD dealing spread can widen considerably depending on how much market volatility the event causes.
- The spreads are very tight starting from 0.4 I enjoy trading news sometimes and they allow it as well.
- The broker uses a price aggregator to ensure that counterparty orders use the best bid and ask prices currently available.
- Worldtradex has two operating subsidiaries, one authorized by the business-friendly VFSC and one by the CySEC, which operates under the globally least-competitive ESMA regulatory framework.
- Terms and conditions apply to receive it for free as advertised, but all the information is fully transparent and easy to understand.
- Works for 15 years, has STP/ecn execution, not MM (to my knowledge), proper modern mt5 platform.
- The broker has its main base of operations in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC).
Worldtradex is registered in Vanuatu with registration number and regulated by the VFSC and CySEC. Worldtradex is also registered in 26 European Union countries under the Markets in Financial Instruments Directive (MiFID). ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. Worldtradex’s offshore entity Worldtradex offers a 100% welcome bonus up to $2000 whereby new clients can double their initial deposit size. However, due to European regulations, this bonus is not available for clients from the EEA.
Accessing the MT4 or MT5 app through an Worldtradex account is also straightforward, requiring only three easy steps, while mobile traders get the same tight spreads and reliable execution provided by the broker. As for me, Worldtradex is a great broker specifically for scalpers and traders that cherish the tightness of spreads. The pricing on the assets and execution are very appealing.But for other types of traders this broker wouldn’t https://worldtradex.biz/ be so beneficial. Mostly because limited asset classes and no opportunity to eliminate the swaps rather than islamic accounts. One of the most nimble and flexible brokers out there that has been providing services for such a long time. I got to know them through their twitter account where they interesting market news and data daily.