worldtradex’ clients can access free demo accounts via MT4, MT5, TradingView, and cTrader platforms. Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the trading platform without risking real money. The demo account features live quotes and simulates live market conditions in assets like forex and CFDs on commodities, indices, and stocks. Once users are up to speed on a demo, they can easily switch to a live account. One of worldtradex’ distinguishing features is its competitive pricing and deep liquidity, providing traders with tight spreads and fast execution speeds. worldtradex emphasizes trader education by offering free webinars, trading guides, and daily market analysis to help users make informed decisions.
worldtradex Trading Fees
The company has its headquarters in Sydney, Australia while ASIC regulation ensures trustable cooperation as well as full compliance with guidelines. First of all, a good broker is a safe broker, and its proof of a safe trading environment is confirmed by necessary legislation, obligation and sharp regulations applied. However, many users feel that the web platform is a little outdated compared to MetaTrader and could use an upgrade. worldtradex is a safe and trustworthy broker that is regulated by both ASIC and CySEC.
A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
- Market orders, limit orders, stop-loss orders, and trailing stop-loss orders are available.
- worldtradex offers a range of trading accounts to cater to the diverse needs of traders.
- Trading Forex, CFD, Options, and other financial instruments carry a high risk of loss and are not suitable for all investors.
- worldtradex delivers outstanding brokerage services with a seamless platform and accurate market analysis.
- Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange.
worldtradex also maintains the MAM/PAMM module, enabling retail account management. A built-in copy trading function is equally available across MT4/MT5 and cTrader, which all support algorithmic trading. MT4 is the market leader for automated trading solutions, while many consider MT5 the failed successor amid a lack of backward compatibility. For Iress accounts, a higher minimum deposit of 1000 AUD is required in Australia. The CFD broker boasts a TrustPilot score of 4.9 out of 5 from 5,478 reviews, indicating high levels of client satisfaction and trust in the broker’s services. Still, worldtradex secured the 10th spot among 20 brokers, confirming it as a broker with effective execution speeds.
With spreads generally less than industry averages, the platform showed outstanding execution speeds during testing—especially during high trading hours. Users can use more than 50 technical indicators and several charting tools for in-depth study. The system increases trading flexibility by supporting several orders, including market and pending ones.
You can design custom trading robots and indicators using the MQL5 programming language, according to your trading preferences. One of the most effective portfolio diversification strategies is to invest in bonds. worldtradex offers 2 bonds i.e US 10 YR T-Note Futures(US10YR) & UK Long Gilt Futures (GILT). Traders can benefit from credit upgrades and bond yield because of low volatility and fewer risks. The income is fixed and already predictable making the bond investment an attractive opportunity for traders. Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange.
- From their competitive trading conditions to their exceptional support, they continue to exceed my expectations as a trader.
- The withdrawal amount will need to be the same amount as your deposit and via the same withdrawal method.
- Enhancing mobile app functionality and adding more advanced features could also benefit users on the go.
- For Iress users, Retail and Professional account types are offered.
- The depth of market feature shows incoming liquidity from liquidity providers.
Inactivity for more than 30 days will result in the expiration of your demo account, which cannot be reactivated. Broker worldtradex ensure that retail client funds are always kept separate from the firm’s capital and held in segregated accounts at leading banks. This means that client money is never used to meet company expenses. Yes, worldtradex is generally considered a legitimate and reputable forex broker. There is no credible evidence to Worldtradex scammers support the claim that worldtradex is a scam. On the Iress platform, you may have to pay a monthly trading charge.
Is worldtradex regulated?
However, this charge is waived if your trading activities generate more than $150 in commissions each month for worldtradex. Most of the things we consider do not matter unless you can afford to trade with a broker and stay profitable. However, worldtradex spreads, and commissions are not unreasonable or higher than normal. To get the full details, read their commissions, and spread information. However, the only stocks available to trade are from the Australian Securities Exchange.
worldtradex Trading Offers
Commodities, indices, and cryptocurrencies remain free of additional costs, which remain included in the markup. Equity CFDs and DMA traders face a fee between 0.06% and 0.30% with a minimum of $10 or a currency equivalent. The equity trading charges depend on the country of the listed underlying asset, and the pricing environment remains average compared to other brokers. worldtradex operates with a no dealing desk (NDD) model and works with various liquidity providers to offer competitive prices and deep liquidity across many instruments.
Processing times are relatively fast compared to industry standards, and both deposits and withdrawals are free of charge. worldtradex stands out in this category, even covering bank fees for international transfers in certain cases. As one of the most popular trading platforms in the world and the only one offered by many forex brokers, I have spent a lot of time testing MT4. The platform’s look and feel are a bit dated, and I feel there is room for improvement in design and usability. With direct access to liquidity providers and no dealing desk intervention, traders can benefit from the truest market prices.
As I understand it, it’s only the worldtradex subsidiaries outside Australia that don’t offer IRESS, so in your case I don’t believe you should need to use the VPN. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. He has also published a book in 2023 on on investing and trading. The MT4 platform has a limited selection of just four stocks, making MT5 or IRESS preferable if you are interested in share trading.
Does worldtradex accept Canadian clients?
worldtradex offers two account types Raw And Standard Accounts with STP and ECN execution models and access to deep liquidity pools accordingly available through MT4, MT5 or cTrader platforms. While the main difference is the pricing model where Standard account fees are built into spread basis, and Raw account add commission per trade typically more suitable for Pro Traders. One of FP Market’s plus points is the number of trading platforms it offers to customers.
Additional fees and information
But before you do that, let’s look at some of the basic charges you can expect when trading with this broker. For this, we shall look at the index CFDs, stock CFDs, and forex fees. During our worldtradex review, we looked at the terms and conditions of their bonuses. There are a few key details you should know about the welcome bonus which is announced directly from via online advertisement, email, or phone.
What is worldtradex’ maximum leverage?
Social Trading is the process in which traders learn about the trades of professional traders and their strategies, and analyze the performance of those trades using statistical data. The free webinars are available to meet the needs of traders from all skill levels. The live podcast is also broadcasted on Spotify and Google Podcasts to deliver educational material in an entertaining way. For opening an account on the desktop trading platform, the following steps are to be followed. worldtradex’s fees can be classified into trading and non-trading. We’ll be discussing these different kinds of fees in this section of the review.