Any trader who is familiar with MT4 will feel right at home with the user interface on the MT4 Multi Terminal. Established in 2010, worldtradex is a regulated broker providing forex, CFDs, commodities, and cryptocurrencies, among other trading instruments. Under tight rules from CySEC and MiFID, it ensures a safe trading environment with customer money kept in Tier 1 banks.

Markets

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 is an excellent low-cost choice for beginners due to its decent range of educational resources and free demo account – a great way to build up experience before trading with real capital. The $0 minimum deposit also makes the forex broker accessible for new traders. Forex Broker Guru is a dedicated website that offers in-depth and detailed reviews of various brokers in the forex market.

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. Serving both beginner and experienced traders, worldtradex has a variety of instructional materials meant to improve traders’ knowledge and skills.

Tradable Instruments

The platform employs state-of-the-art security measures to safeguard both personal data and client funds, ensuring that all transactions and information are securely managed. By continuously updating its security protocols, worldtradex guarantees a secure trading environment for all its users. Traders are encouraged to review the broker’s comprehensive legal documentation to gain a thorough understanding of its compliance policies and regulatory adherence. 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.

This account features spreads starting from 0 with no trading commissions, providing a cost-effective Worldtradex forex broker trading environment. One of the standout benefits of worldtradex is the absence of a minimum deposit requirement, allowing traders to start with any amount that suits their needs. While worldtradex does not offer stock trading, its comprehensive selection of other instruments, combined with competitive spreads, positions it as a strong choice for traders focused on forex and CFDs. Whether you’re trading major currency pairs or exploring commodity markets, worldtradex provides the necessary tools and instruments to engage effectively in global financial markets.

Having tested hundreds of forex brokers, I feel that the worldtradex’s education section is fairly average, with a decent range of materials available but nothing that stands out. I like worldtradex’s floating spread pricing model, which rivals the cheapest zero-commission brokers that I have reviewed. Tight spreads increase the viability of short-term trading strategies, while the no-commission model makes trading with worldtradex simple for beginners. I think it is great how the broker supports Muslim traders by giving them the option of a swap-free account which complies with Sharia law.

worldtradex Account Opening Process

I appreciate the support team of the worldtradex broker for the help I get here in terms of conversations and questions that I ask about different issues. I was attracted by low margin requirements, high leverage and tight floating spreads. Together with the NDD/ECN executions, the broker’s offer is far above the middle range of the industry. Some traders might not like the light level of regulation, but the trading conditions speak for themselves. worldtradex’s live chat feature offers instant access to customer support, allowing traders to receive real-time assistance directly from the trading platform.

• 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.
• Additionally, worldtradex holds licenses in multiple jurisdictions, providing a significant level of oversight and protection for traders.
• Quotes remain sourced from multiple liquidity providers and matched for the best possible execution.
• The online broker covers a range of important topics including guides on foundational information for the forex market that all beginners should read.
• TradingBeasts helps individual traders learn how to responsibly trade forex, cryptocurrencies and other asset classes.

Stocks are a prominent offering at worldtradex, providing traders with access to a wide selection of individual company shares from major global markets. worldtradex partners with leading stock exchanges to offer an extensive range of stocks, including blue-chip companies, mid-cap stocks, and emerging market equities. Traders can explore shares from various sectors such as technology, healthcare, finance, energy, and consumer goods, allowing for diversified investment strategies. Additionally, worldtradex provides real-time market data, advanced charting tools, and comprehensive research reports to assist traders in making informed decisions. Overall, worldtradex is a multi-asset brokerage firm that gives you access to trade over 200 financial instruments via the popular MT4 trading platform.

This will be enough to satisfy most traders and provide opportunities to deploy a range of forex trading strategies. 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. To be fair, my first impression of this broker was “lol, this broker is so outdated and the user interface is quite old”.

• Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters.
• There is an FAQ section that answers some of the common questions that you may have.
• The other e-wallets Neteller and Skrill process deposits within an hour of the request and are instant for withdrawals, which is competitive.
• You just open an account and make a deposit to receive an impressive 100% deposit bonus in your trading account up to a maximum amount of $2,000.

Customer Support and Responsiveness

To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. 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. On the other hand, if you already have some experience then I don’t think you will learn anything new. They also do not have frequently updated market analysis which could help gives us some further market insights.

Clients can find the provision in the Investment Services General Conditions PDF. worldtradex has a clean regulatory track record and established itself as a secure and trustworthy broker. 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.

Still, I feel that worldtradex could become a more attractive forex broker by expanding the range of tools it supports. One excellent addition would be copy trading, allowing rookie traders to mirror and learn from more experienced peers, who can earn commissions from copiers. 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. Another bonus for us is the $0 minimum deposit and 0.01 minimum lot size, which makes worldtradex more accessible than forex brokers such as Plus500 and AvaTrade, both requiring a minimum deposit of $100. The MetaTrader 4 Multi Terminal is a component of the MT4 package that was designed to enable money managers and professional forex traders to handle many forex trading accounts at the same time.

For high-frequency traders trying to cut expenses, this structure appeals especially. Further improving the broker’s cost-effectiveness without deposit or account maintenance fees. A popular platform used not only for executing trades but also for analyzing financial markets and automated trading. MT4 can be downloaded to any computer or can be accessed via just a web browser or a mobile application.

The Vanuatu Financial Services Commission (VFSC) provides worldtradex with a competitive regulatory environment for international clients. EEA-based traders manage their portfolios from a subsidiary that is authorized by the Cyprus Securities and Exchange Commission (CySEC). The Cyprus Investor Compensation Fund (ICF) protects retail trades in the event of insolvency up to €20,000. Client deposits remain segregated from corporate funds at both entities with leading international banks, but worldtradex does not list them.