Since Worldtradex is a regulated and fully compliant broker, new traders must pass account verification per AML/KYC stipulations. A copy of the ID and one proof of residency documents usually satisfies this final step. Worldtradex lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and Brent. Overall, the asset selection is both impressive and more than ample for new and intermediate traders. Generally speaking, my cooperation with the Worldtradex broker is going pretty well and I didn’t expect to be so impressed with the quality of their trading conditions on the ECN XL account.
When you have a place where you can trade forex well, you don’t need anything else. And this place is ideal for it.
Now upload your documents and wait for 24 hour for verification. The minimum deposit at Worldtradex usually starts at $100 or the equivalent in other currencies. The exact amount may vary depending on the account type you choose. These flexible deposit options make Worldtradex accessible to a wide range of traders, from beginners to high-frequency and institutional traders. The e-wallets Neteller, Skrill, EeziePay and AWEpay are the fastest as they process withdrawals immediately.
These apps allow traders to manage their accounts and execute trades on the go with full access to MT4 and MT5`s features. I’ve been trading with Worldtradex for a few months now, and so far, it’s been a good experience. The spreads are reasonable, and customer support is decent, though not always as fast as I’d like. Overall, it’s been reliable for me, and I haven’t had any trouble getting things done. Definitely a good option if you’re looking for a straightforward platform. I think it’s a trustworthy broker from what I understand in the forex industry.
As sometimes forex brokers provide MT4 but don’t do proper support and the platform is really difficult to trade on. Worldtradex welcomes traders from a wide range of countries across the globe, offering its services to a diverse international client base. However, certain regions may face restrictions due to regulatory requirements or local laws. Traders are advised to visit the Worldtradex website to verify whether their country is eligible for trading on the platform. This ensures compliance with legal standards and helps traders understand any specific limitations that may apply to their region before opening an account. New traders can take advantage of Worldtradex’s generous Welcome Bonus, which provides a percentage bonus on their initial deposit.
Are there any withdrawal fees?
- Overall, it’s been reliable for me, and I haven’t had any trouble getting things done.
- For cryptocurrency users, Worldtradex provides an added benefit with up to a 10% discount on each deposit made via crypto.
- I know that the majority of traders don’t like big leverages, but I love it.
Altogether, i love trading with this broker, as i know https://worldtradex.site/ that my money is secure and i can trade with great conditions. I hope they will add support for MT5 in the future, most of the popular brokers offer this now. But pros are probably more prevelant if you ask me and are mostly centered around costs than anything else. If you like having a lot of customization and multiple account/platform option, then maybe it’s not for you.
Spreads on other key currency pairs are also competitive, coming in at 0.5 pips on the EUR/GBP and 0.7 pips on the GBP/USD. The secure back office of Worldtradex handles all financial transactions. Worldtradex maintains a nice balance of traditional payment processors like bank wires or credit/debit cards, modern e-wallets like Skrill or UnionPay, and cryptocurrencies. Worldtradex holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC).
Customer Support
Overall, a great experience for what I have got for like 8-9 months, they’v earned a loyal customer. 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 offers mobile trading apps compatible with both iOS and Android devices.
Worldtradex is a new broker for me and being honest, I’ve never heard any negative rumors about them before and of course I decided to give it a shot. And gotta say, their support team is responsive and helpful. I once needed help because I couldn’t reset my password, and I contacted them, it took less than 5 minutes to reach out to them.That kind of access is rare with brokers.
This is an ECN broker, and the only account available has certain advantages. Mainly in terms of cost effectiveness – the spreads are raw and tight and the usual ecn account fee for opening and closing positions is eliminated. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. I use Worldtradex for forex trading and have been impressed with the huge range of currency pairs, transparent fees and reliable MetaTrader 4 platform. I think the client dashboard and website could do with an overhaul though – they are pretty dated. Worldtradex works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker.
Non-Trading Fees
Worldtradex supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill. Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option. Worldtradex transparently provides all necessary information on its website. There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply. The Vanuatu Financial Services Commission (VFSC) provides Worldtradex with a competitive regulatory environment for international clients.
Worldtradex offers a diverse range of bonuses and promotions designed to enhance your trading experience and provide additional value. These incentives are crafted to reward both new and existing traders, encouraging continuous engagement with the platform and maximizing trading potential. The deposit is low, the MetaTrader 4 platform is one of the best for forex trading, and the tight spreads through the ECN model are competitive.
Worldtradex’s non-forex asset list is less competitive, with the lack of shares a notable exclusion and very few other markets. Many competing forex brokers such as CMC Markets and Plus500 offer trading in thousands of global instruments including stocks from a range of international exchanges, so Worldtradex is behind the competition here. Worldtradex is an ECN broker and only maintains one ECN account for all clients. It is unique as traders get a commission-free cost structure with raw spreads, an unusual offer, presenting Forex traders with a notable edge. New traders have access to fourteen quality educational posts plus a dedicated section on major economic reports. Eleven eBooks complete the education at Worldtradex, and the overall product remains impressive.
Worldtradex provides a calendar that displays upcoming economic events and releases, along with their expected impact on the markets. I always like to check an economic calendar before take a decision on the trade. The company providing multiple deposit and withdrawals methods.
Compare Trading Instruments
True STP execution of the broker is the one that I needed to realize my new trading strategy. Because sometimes brokers claim that they have direct execution, but in reality they don’t.This company’s business model is built on the NDD execution so I am very confident in it. I noticed many traders complain about absence of accounts choice, nevertheless, I just want to note that surplus of them isn’t welcomed. Brokers require tons of resources to create accounts diversification. This one decided to save this energy and it redirected it to other tasks. Moreover, ECN XL contains everything an typical trader needs – high leverage, free funding, fast exeuction.
- As a day trader this has remarkably increased my perfomance.
- Many competing forex brokers such as CMC Markets and Plus500 offer trading in thousands of global instruments including stocks from a range of international exchanges, so Worldtradex is behind the competition here.
- These incentives are crafted to reward both new and existing traders, encouraging continuous engagement with the platform and maximizing trading potential.
- Generally speaking, my cooperation with the Worldtradex broker is going pretty well and I didn’t expect to be so impressed with the quality of their trading conditions on the ECN XL account.
- Crypto withdrawals are also quick as you can expect funds to be transferred within just 15 minutes.
It’s good to know that your funds are safe and sound while you trade. Because I get enough stress at trading, so I don’t need it outside of it. ECN market execution is nice to have in this case because even though the execution might not be instant, I’m always able to get a great price. Other brokers withdraw from 5$ or 10$ and don’t have fees for withdrawals to banks.
They have been running the business for over 14 years, so it seems they managed to add a lot of instruments for all this time. I like how tight spreads they provide on the forex market and the spreads are even more tighter than from other major and famous brokers. The technical support is good and it is noticeable that there are competent guys working. Worldtradex offers a single yet versatile account type Worldtradex website – the ECN XL account, designed to cater to both beginners and professionals.