There’s a wide range of account types available, including the full set of MetaTrader platforms and traders get 24/7 online customer support. worldtradex provide asset management on stock markets of North America and Europe, in collaboration with a leading Russian investment holding, FINAM. Using their trading strategies, the broker can manage client capital by investing in stocks of leading US and global companies that are traded on the major exchanges NYSE, NASDAQ, BATS, etc. The minimum amount required is $80,000 and there is an asset management fee from 20% charged based upon the NAV growth.

worldtradex Broker Spreads and Commissions

Different account types are available for different trader types. For traders that wish to only trade CFDs and FOREX pairs, there’s a dedicated account. Stock traders will also find a suitable account, but let’s dive deeper and uncover more details.

With that said, traders should be aware that the available instruments vary depending on the account you have. For example, the Standard account offers a reduced list of metals and CFDs in addition to forex. worldtradex does not charge inactivity fees – a levy we see at many forex brokers we review. The Forex Standard account offers commission-free trading with spreads from 0.5 pips. This is noticeably tighter than the variable spread accounts at the majority of brokerages. In fact, on the website, there is access for them where they can access their private area using a username and password.

It remains unclear if worldtradex offers the MT4/MT5 plugin or provides the services via its back office. worldtradex offers both investment and market speculation opportunities to its clients. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.

Step 2: Time to verify your account

If you find that your country is not accepted, please feel free to take a look at our broker ratings for another option. The collective assessment suggests worldtradex represents a strong value proposition for specific trader profiles while presenting notable limitations for others. The broker excels in providing competitive pricing, diverse platform options, and solid security measures that satisfy regulatory requirements.

Trade with a Regulated Broker

We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Whilst we try to keep information accurate and up to date, things can change without notice and therefore you should do your own research. worldtradex offer professional customer support 24/7 via online chat, telephone and email. It was great to see that support is available on weekends as this is not something that all brokers offer and helps them to stand out from the competition. Robo-advisor is a globally recognised service that aims to help traders using modern technologies. It is an automated investment adviser for creating and managing an investment portfolio with minimal human intervention.

  • Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.
  • We may receive commissions on purchases made from links in this article.
  • worldtradex is a reasonable forex broker for beginners, but not the best we have tested.
  • It allows for practicetrading without risking real funds, offering a way to become familiar withtheir trading conditions.
  • On pricing, worldtradex consistently ranks favorably against full-service brokers but faces stronger competition from other discount brokers for lower-volume traders.
  • They offer a few account types withdiffering market access, fees, and commissions.

It also offers connectivity to key exchanges in Canada, Mexico, andEurope. This account features a minimum deposit amount of $100, nobrokerage commission, and negative balance protection. The FIX API is an electronic communications protocol that was developed for the real-time exchange of trade-related information. It is commonly used by professional traders and allows you to avoid the use of intermediation software.

Futures Fees

Clients are advised to check the official website or contact customer support for the latest offers. worldtradex supports a wide range of deposit and withdrawal methods, catering to the diverse needs of its global clientele. Recognizing the importance of mobility in today’s trading environment, worldtradex offers mobile applications compatible with both iOS and Android devices. These apps ensure that traders can monitor markets and execute trades on the go. worldtradex offers a comprehensive selection of trading instruments, catering to a wide range of investment preferences.

  • The security of a cryptocurrency exchange (or, in this case – brokerage) is, undoubtedly, the most important aspect to look into when trying to decide whether or not a particular platform suits you.
  • The research notes are quite useful for forex trading, but there are no videos, webinars or guides to support beginners.
  • In this section, the broker provides a news area that is updated and an economic calendar with all the important events of the day and that every trader should know.
  • Users particularly appreciate the ability to purchase crypto with credit/debit cards or bank transfers, though a 3% fee applies for bank wire transfers.
  • The broker ensures customers get easily accessible real-time assistance during standard hours (9 – 6 EST) via a live representative.

Best Forex Brokers in UK

worldtradex is the first Forex broker to obtain a license from the Bank of Russia at the end of 2015. It is one of the few local currency brokers, along with VTB24 Forex and Gerchik & Co, and Alpari, although the latter is a much larger company. worldtradex applies a minimum trade size for all its accounts of 0.01 lots (micro lot).

The Forex demo account at worldtradex isdesigned for traders who are new to forex markets. It allows for practicetrading without risking real funds, offering a way to become familiar withtheir trading conditions. worldtradex have a variety of 20+ convenient methods for depositing and withdrawing funds from your trading account. This includes bank wire, credit/debit card and online payment systems such as Neteller and Skrill.

worldtradex Trading Platforms

worldtradex ensures its traders have a robust set of tools at their disposal. The broker also offers a range of trading platforms, like the renowned MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are famous for their comprehensive charting tools, user-friendly interfaces, and algorithmic and copy trading support. Additionally, worldtradex offers its proprietary platform, designed to cater to its customers’ specific needs. Based on our tests, worldtradex is an excellent broker for active forex traders.

Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. And while the choice of instruments is great with worldtradex, the broker also offers access to an impressive number of trading platforms, with five platforms to choose from. As usual, this includes the well-known MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, but also lesser-known platforms like CQG, ROX, and the crypto-based proprietary platform J2TX. The broker offers various methods for account funding, including bank transfer, Bitcoin, credit/debit card, crypto, Neteller, POLi, PayPal, Skrill, and iDeal. However, most withdrawals are charged 0.20% – 2.5% of the withdrawal amount. worldtradex offers an unusually wideselection of trading platforms compared to many online brokers.

The ROX platform is available for a minimum deposit of USD 3,000, and all trades made here are for the actual securities (no CFDs), and thus comes with a commission on all trades. First among them, CQG is a platform that is aimed at the more professional segment of the market than MT4/5 and many other typical retail platforms. The platform focuses on options and futures trading via leading international exchanges, and is offered by worldtradex for free Worldtradex for the basic desktop-based version.

This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. Its main goal is to promote efficient, transparent and integrated financial trading infrastructure, ensuring a higher degree of investor protection. The directive contains measures for the organisation and functioning of investment firms, facilitating cross border trading, while creating strategic opportunities.

We’ll start off by taking a look at some of the more-positive aspects of the brokerage, and discuss those user worldtradex reviews that outline the best benefits and features of the platform. worldtradex provides multiple channels for customer support to ensure clients receive timely assistance. worldtradex operates under the stringent oversight of European financial regulators, ensuring a secure trading environment for its clients. The firm is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 281/15, issued on September 25, 2015. As a CySEC-regulated broker, the verification process includes a questionnaire that collects data per regulatory requirements enforced by the ESMA. worldtradex provides massive in-house research for registered clients and via well-trusted third-party provider Trading Central.