If you have experience trading with worldtradex please share your personal review of the broker and what you think are strong and weak points. worldtradex is good if you want to open an account and start trading quickly. I think the platform is pretty dated though and you can’t trade ETFs. Compare the markets and instruments offered by worldtradex and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Although it took a few hours to get a response, the reply I received was detailed, with step-by-step instructions that made the process easy to follow.

Review Methodology

All in all, there is no doubt that worldtradex has gone global with its deep commitment to providing services in more than 30 different languages across the world. Traders are even provided with a Cent Trading environment should they choose to register under Micro Account. worldtradex’s fees are reasonable but can be bettered at brokers like IC Markets and Fusion Markets. Most account types offer commission-free trading, with generally tight spreads, particularly on popular instruments like major forex pairs.

This impressive growth has not gone unnoticed as the broker has scooped several prestigious international awards. The broker’s professional approach to addressing client concerns and facilitating smooth deposit and withdrawal processes further solidifies its credibility. Clients who still need to meet the eligibility requirements can access the VPS by requesting it in the Members Area for a monthly fee of $28. This fee will be automatically deducted from their MT4/MT5 accounts on the first day of each month.

The broker provides you with the fully customisable MetaTrader 4 and MetaTrader 5 platforms across all of your devices. Each platform carries its own features and benefits according to the device, but the main trading theme and tools remain the same. The MetaTrader platforms have a very similar look and feel, with the MT5 platform containing more features. There is no fee charged for downloading or using any of the trading platforms.

What platforms does worldtradex offer?

worldtradex unfortunately cannot accept clients from the residents of certain countries, such as the United States of America, Canada, Israel and Iran. worldtradex Global also provides direct share trading in addition to the previously mentioned assets. worldtradex offers Forex, Stock CFDs, Turbo Stocks, Commodities, Indices (Equity and Currency), Energies (Cash and Futures CFDs), Precious Metals (Spot and Futures CFDs), Thematic Indices and Crypto CFDs.

Testing worldtradex’s Customer Support

This is the reason why I trade with them and must say that they are one of the most competitive brokerages out there. To protect the client’s fund in the event of extreme volatility, worldtradex presents each account type with Negative Balance Protection. Minimum deposit of $5 applies to Standard, Micro, and also Ultra-Low Accounts.

• We reached out through both the chat service and WhatsApp multiple times, and each time received responses within a minute.
• worldtradex Global offers trading with tight spreads starting from just 0.0 pips whilst the commissions charged by the broker are very competitive when compared to the other brokers.
• They require a small $5 minimum deposit for opening an account and also provide free demo accounts.
• worldtradex offers a strong range of over 1,000 instruments, particularly in forex, stocks, and indices, which are key markets for active traders.
• worldtradex Fees are ranked average based on our testing and compared to over 500 other brokers.

How good are worldtradex trading spreads and commissions?

Respectively, with an open position, you can either gain USD 6.16 per day or lose USD 6.16 per day, as the https://worldtradex.site/ rollover calculated as an interest to borrowed currency or earned on the purchased currency. worldtradex uses a 3-day rollover on Wednesdays for positions kept over the weekend to adjust for weekends. worldtradex provides customer support through various media including Live Chat, WhatsApp, Line, Viber, Telegram and Message.

How to open worldtradex Demo Account?

For BTCUSD, its usually below $70, which is actually less than 0.13%, very good for crypto. For CHFSGD, which I’m a big fan off, my spread with worldtradex is typically pips, its actually very small for this pair. Even on H1 you can see that daily moves are way beyond this spread. Very nice to just daytrade, don’t need to hold positions for long and dont need to try to time it just right. I found a new asset for me here at worldtradex, didn’t think of trading it before I’ve seen the conditions.

Also the profit made there can be withdrawn, so the possibilities here are a lot. worldtradex levies many non-trading fees, of which traders should be advised. First, following one year of no account activity, there is an inactivity cost of $15; if the account continues inactive, a monthly charge of $5 follows.

worldtradex stands out for its Islamic https://worldtradex.space/ trading options, offering a dedicated Islamic account that adheres to Sharia law. This account type does not charge swap fees, which are considered a form of interest and thus prohibited in Islamic finance. Additionally, worldtradex ensures that its Islamic accounts do not charge extra fees as a substitute for swap fees. Beginners will find worldtradex particularly appealing due to its unlimited demo account, a minimal minimum deposit requirement of just $5, and an exceptional educational section that is among the best in the industry. I can’t understand why you gave them B.This is one of the top-tier brokers, and I am sure that most traders have heard about worldtradex.But that doesn’t really matter.

This swap-free option is designed for traders adhering to Sharia law. It eliminates overnight interest charges, making it suitable for those seeking trading opportunities that align with Islamic finance principles. worldtradex Global has a huge advantage over its competitors in this regard. The broker does not charge any deposit or withdrawal fees except the deposits made via bank transfers of less than $200.

worldtradex overnight fee or the fee that a trader pays in case the position is opened longer than a day and is agreed through a swap contract that comes as a cost. Every currency has a different interest rate which comes as a calculation. As an example assume that the interest rates in Japan and the US are 0.25% p.a.