In this worldtradex review, we’ll cover their platform, what they do, and pricing. This broker is a US deep discount brokerage owned by WhoTrades, Inc., a Russian-owned company in 2015. Retirement accounts accepted are traditional, Roth, rollover, and SEP IRAs. As for entities, worldtradex offers Corporate, Limited Liability, Partnership, and Sole Proprietorship accounts. Different account types are available for different trader types.

• We want the everyday person to get the kind of training in the stock market we would have wanted when we started out.
• Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites.
• This includes bank wire, credit/debit card and online payment systems such as Neteller and Skrill.
• Its speed, simplicity, and record-keeping abilities can help to give traders a performance edge in the marketplace.

Comparing worldtradex fees with other brokers

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. We put all of the tools available to traders to the test and give you first-hand experience in stock trading you won’t find elsewhere. People come here to learn, hang out, practice, trade stocks, and more. Our trade rooms are a great place to get live group mentoring and training. Our chat rooms will provide you with an opportunity to learn how to trade stocks, options, and futures.

The trading apps are ideal for me to take the markets with me in my Worldtradex pocket and get price alert notifications. There are 64 available currency pairs for trading with this broker. However, on Forex and CFD Standard account types, there are only 48 FX pairs.

worldtradex Account Opening and Verification Guide

All funds deposited into your trading account must be under the same name as your worldtradex trading account. Using free market research of worldtradex’s experienced analyst team, clients get the opportunity to create their own investment strategies. 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.

Trading assets offered by worldtradex

With its regulatory oversight, worldtradex offers an additional layer of security to its clientele. However, those craving advanced features might yearn for more than what the broker offers. In other words, worldtradex is for the pragmatic trader seeking simplicity and efficiency. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings.

Also, the minimum amount to open a future or margin account is $2,500. And for a pattern day-trading account, no surprise here, the minimum is $25,000. These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency. Among the financial service providers, there are fraudsters that we promptly report. Feedback and rankings from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders. This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices.

While worldtradex advertises 24/7 support, some users have reported occasional delays in response times. worldtradex doesn’t charge withdrawal fees, prioritizing smooth and straightforward financial transactions. Free weekly mailout on major world events that have an impact on the quotation of the securities of companies worldwide. We are opposed to charging ridiculous amounts to access experience and quality information. If you’ve looked for trading education elsewhere then you’ll notice that it can be very costly.

Additionally, worldtradex offers a few mobile apps, including an advanced app for iOS and Android devices and a swipe app. Likewise, the firm offers an iBROKER Mobile App for futures traders. Overall, the available platforms offered by this broker are great and traders of different needs will easily find what they are looking for. Trading fees with this broker are low compared to competitors. There are no inactivity fees and spreads on the commission-free Standard account start from 0.5 pips.

worldtradex fees compared to plus500 fees

The first option is Joint with Rights of Survivorship (JTWROS), and the second is with Tenants in Common (JTIC)s, which offers custodial and trust accounts. Brokerage commission equals 0.006 USD per share on US stocks and commissions start from 1.5 USD per trade. worldtradex offers traders a robust customer support infrastructure.

I also think demo accounts can be a great way to practice a new trading strategy and see what a broker has to offer before making a commitment. I was pleased to see that the broker gives you professional analytical assistance with high-quality research that covers most financial markets and instruments worldwide. This can be an excellent way to improve your knowledge of the markets and your trading strategy. With low rates and a suite of platforms, worldtradex aims to meet the needs of various traders. worldtradex offers individual and two types of joint accounts.

Feel free to ask questions of other members of our trading community. We realize that everyone was once a new trader and needs help along the way on their trading journey and that’s what we’re here for. Also, we provide you with free options courses that teach you how to implement our trades as well. Brokers brag about their rates, like chat rooms claiming to help thousands of traders. Finding the correct broker and subscribing to the right education program took me a long time. For example, the company offers Sterling Trader Pro, Etna Trading Platform, OEC Trader, and CQG Trader.

They have a section of their website dedicated to frequently updated news articles. Our content is packed with the essential knowledge that’s needed to help you to become a successful trader. We could charge more, but we have a pay it forward, give back mentality. We want to feel good about what we do, and the results and reviews speak for themselves. We may receive commissions on purchases made from links in this article.

Accounts can be opened in a decent choice of currencies which are EUR, USD, RUB. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. I think they could improve further by adding support for some more currencies and crypto deposit like Coinexx. Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries.

You’ll see how other members are doing https://worldtradex.world/ it, share charts, share ideas and gain knowledge. The worldtradex minimum deposit amount to open an account is $100. However, a minimum balance of $2,500 is required to begin trading.

• The available platform is MetaTrader 4 (MT4) and similarly to the Standard accounts, traders have access to hedging, automated trading, and phone trading.
• worldtradex doesn’t charge withdrawal fees, prioritizing smooth and straightforward financial transactions.
• Free daily mailout of analytical reviews and forecasts for the current date.
• The worldtradex minimum deposit amount to open an account is $100.
• There are 50 currency pairs available for trading on this account in addition to indices and commodities.

The broker’s trading fees are competitive, making it appealing to both novice and experienced traders. The purpose of the ICF is to secure the claims of covered clients against ICF members through the payment of compensation if the necessary preconditions are fulfilled. The broker puts great emphasis on Anti-Money Laundering (AML), Counter Terrorist Financing (CTF) and Know-Your-Customer (KYC) measures. Moreover, worldtradex + is user-friendly and a cut above many brokerage-provided platforms.

If you are an institutional trader then you will be impressed with the FIX API connectivity and managed accounts whereas there is the professional account option. If you are looking for a convenient way to trade the markets, I would certainly give them further consideration. worldtradex offers a wide range of trading instruments with sophisticated platform features catering to both trading newbies and market veterans.