In conclusion, worldtradex stands out in the competitive forex brokerage landscape by offering a reliable and transparent trading environment. The broker’s commitment to technological excellence, diverse account options, and client-focused services make it a compelling choice for traders seeking precision in their forex endeavors. Whether you’re a beginner exploring the markets or an experienced trader looking for advanced features, worldtradex’s offerings cater to a wide range of trading needs, making it a broker worth considering in your forex journey. CySEC works under an extensive set of regulatory guidelines proposed by the ECB and the MiFID, as per the input and supervision of individual regulatory agencies across Europe. All Forex trading companies domiciled in the EU are subject to the regulatory supervision and scrutiny from all allied regulatory organizations, which ensures a uniform code of conduct across the EU. worldtradex is also expected to have an effective insolvency procedure in place to ensure that all customers will be fairly compensated in the event of bankruptcy or liquidation.
According to BIS (the bank for international settlements) the FX market is responsible for circa $6.6 trillion of turnover each trading day. The major international banks and financial institutions are responsible for the majority of this turnover. Through worldtradex and its ECN – STP model, clients can access this market in order to trade up to 28 currency pairs, from the recognised major currency pairs through to the minor and most exotic. Additionally, traders have access to real-time market data and analysis to help them make informed decisions. 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 mobile trading apps compatible with both iOS and Android devices.
Whether you have withdrawal problems, require help using MT4 or have a general inquiry about the broker, speedy and effective customer service is a must. In terms of safety measures, the separate login details for the MetaTrader 4 account to the worldtradex trader hub adds a layer of protection. In addition, both new and existing worldtradex clients can take advantage of a free virtual private server (VPS) for round the clock automated trading.
worldtradex offers a No-Dealing Desk (NDD) Forex brokerage service through genuine ECN/STP conditions, which are devoid of any conflicts of interest between worldtradex and its clients. Forex trading is a high-risk financial product that has a large number of risks in the market due to the significant amount of volatility, high leverage, and a trader’s emotional factors. Therefore, professional traders usually avoid trading with any dealing desk brokers and prefer to trade with ECN/STP brokers that offer Direct Market Access (DMA) conditions for the best trading environment. worldtradex is primarily a European Forex broker that launched its FX and CFD products in 2010. The broker has its main base of operations in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC).
The ECN XL and ECN Advanced accounts require deposits of $10,000 and $100,000 respectively. The company has a license from at least one reputable regulatory body, such as the CySEC, and ensures compliance with industry standards and safeguarding client funds. Its regulation contributes positively to its ratings for credibility and security.
Traders #1 ChoiceECN XL Account
The broker provides access to CFDs (Contracts for Difference), which allow users to trade a wide range of markets without owning the underlying assets. worldtradex’s offerings include commodities, currencies, cryptocurrencies, and indices, giving traders flexibility in choosing their preferred markets. With over 200 available assets, traders can diversify their portfolios and take advantage of different market conditions.
Trading Instruments Comparison
MT4 can be downloaded to any computer or can be accessed via just a web browser or a mobile application. ECN XL and ECN Standard Account owners have access to 30 trading instruments. Clients with ECN Advanced Account (min. deposit $100.000+) can trade over 200 assets.
Whether your new or an experienced trader, a risk free demo account is a great way to experience the benefits of ECN trading with worldtradex. Practice your forex trading skills or test new strategies with zero investment. At worldtradex we often use a motto that we have adopted over the years; “from small acorns great oaks will grow”. Every ECN trader starts somewhere that is why every worldtradex client is treated as an individual, a VIP, who will enjoy a personal, unrivalled level of service. Clients can open a ECN XL account with only $100 and enjoy the same level of dedicated full support and service as if they are a VIP client.
While the broker does not run daily live streams, the platform does provide a dedicated research blog with news on upcoming economic Worldtradex company reviews events and price analyses of popular markets. For clients that wish to monitor and add to positions on the go, worldtradex supports the MetaTrader 4 mobile app, which is available to download for both Android and iOS. Clients can also log in to the trader’s hub from a mobile device for account management.
- Their ECN / STP business model allows customers to benefit from transparent prices in real time.
- worldtradex places a strong emphasis on technological advancements to provide traders with efficient and speedy trade executions.
- There is no account minimum and three available base currencies, GBP, USD and EUR.
- The broker provides live chat and email support, ensuring that help is readily available.
worldtradex are never charged any commission or fee for trading from their traders. However if we see its service like compatative spread and $0 commission for trading then we can forget fee. Dealing desk and market making brokers often provide fixed spreads, an indication that the spreads quoted are not from a true, efficient and organic marketplace. For example, the spreads quoted could be adjusted to match the broker’s own exposure to markets, determined by the volume of trade the broker is experiencing at any given time. worldtradex’s desktop trading platform is MT4 and MT5, available for Windows and Mac. This platform provides full trading functionality, charting tools, and technical analysis capabilities essential for both beginner and advanced traders.
Flexible Account Options
The ECN accounts, in particular, provide direct access to liquidity providers, ensuring competitive spreads and minimal slippage. CFDs and trading in forex on margin, carries with it significantly high levels of risk and might not be compatible for all the investors. Practice caution and see financial advice when unsure because what we offer here is NOT financial advice. We verify some of our data for quality control but there are slight variations occasionally.
- worldtradex Forex broker provides a range of educational resources to help traders improve their knowledge and skills.
- Count on Forex Broker Guru to bring clarity to the world of forex brokers and elevate your trading experience.
- The most notable is its ECN XL account, which provides spreads starting from 0 with no trading commission, a rarity in the industry.
- worldtradex is primarily a European Forex broker that launched its FX and CFD products in 2010.
- Clients can also log in to the trader’s hub from a mobile device for account management.
worldtradex Trading platforms
worldtradex also connects its traders through EQUINIX servers, which are considered to be among the most reliable and secure third-party systems in the Forex markets. worldtradex stands out as a solid broker choice for traders looking for a low-cost, regulated platform. Its competitive spreads, no trading commissions, and lack of a minimum deposit make it accessible to both beginner and professional traders. With a focus on forex and CFDs, worldtradex provides a range of tradable instruments, though the absence of stock trading may be a limitation for some. worldtradex is a regulated broker offering diverse trading instruments, including CFDs, commodities, currencies, cryptocurrencies, and indices.
worldtradex provides access to the widely popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for its reliability and advanced trading features. The platform supports seamless trading across multiple asset classes, including CFDs, forex, and cryptocurrencies, ensuring flexibility for various types of traders. worldtradex’s ECN/STP model provides professionals, active traders, hedge fund managers and corporate clients with access to real time streaming and competitive prices directly from leading multibank liquidity providers.
Each and every trade clients place is matched in an electronic configured network (ECN), through a straight through processing (STP) method. These four critical factors ensure that worldtradex clients are enjoying the most transparent access to the FX markets. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 86% of retail investor accounts lose money when trading CFDs with this provider.
Yes, our worldtradex review found that the broker is regulated by the FCA, BaFin, and CySEC. While these are all leading regulatory bodies, our worldtradex review experts highly suggest registering with one of our recommended and trusted online forex brokers instead. worldtradex is committed to providing its users with educational resources through webinars, trading guides, and market analysis. The company helps traders to improve their skills, through which it attracts customers. worldtradex assists clients trading through the MetaQuotes range of platforms, for example, MetaTrader 4 for PCs, MetaTrader 4 for mobile devices and the MetaTrader 4 MultiTerminal.
While worldtradex is regulated in Cyprus by the CySEC, this licensing does not offer clients the protection of a major body like the FCA. Withdrawals are free for card transactions but subject to fees for all other forms of payment. For example, many are charged standard bank wire fees that sit between $30 and $45. The broker also levies an inactivity fee on accounts that sit dormant for over 120 days. This charge is $/£5 per month, effective after the qualifying period but it does not apply to accounts with a zero balance.
While clients can access five precious metals contracts, covering gold, silver, palladium and platinum spot markets, there are a mere two energies markets (UK Brent oil and US Crude oil) and no soft commodities. Our ECN XL account has all the features and benefits you would expect and demand from an ECN/STP broker who has always been right at the cutting edge of industry development. It is one of the most advanced trading accounts, packed full of features and benefits, currently available in the forex industry. worldtradex has taken undeviating steps to segregate accounts and the offering of investor compensation schemes as measures to protect the client funds.