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Is Worldtradex A Good Or Bad Forex Broker?
The broker also rejects cheques and funds transferred from exchange houses. Accounts can be opened in a good selection of currencies including USD, GBP, EUR, CHF, JPY, NZD, CAD, AUD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. The excellent range of trading platforms already come fully loaded with more trading tools than most of you will ever need access to.
Withdrawal Methods
This review covers everything you can expect to find from this online international forex CFD broker. Worldtradex provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards. The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. Worldtradex is a moderate-risk broker with the TU Overall Score of 6.24 out of 10. ZuluTrade is software that allows traders to copy other traders peer to peer. Known as “Social Trading” ZuluTrade is supporting charting and analysis.
- I can only remember one or 2 occurrences of “slippage” in the past 50+ trades (one was quite a few pips, the other was negligible).
- We do not provide financial advice, offer or make solicitation of any investments.
- Holding over 16 years of experience in global financial markets, and 4 B.A.
- This way I can test how they perform on different brokers without needing my own computer constantly running.
- When it comes to forex trading, compliance and regulation are of utmost importance.
Their provision of Sharia-compliant shows inclusivity accounts with no exchange costs, which serve the demands of Islamic religion adherents. Today, they are a recognized online brokerage with a worldwide reach that includes Hong Kong, Cyprus, Australia, Israel, South Africa, and Canada. By 2010, it had established itself as a major participant in worldwide retail trading, with a rising customer and well-known brand. (Foreign Exchange Capital Markets), founded in 1999 under the visionary leadership of Dr. Nicholas Deakin, entered the financial scene to democratize currency trading for individuals. Overall, Worldtradex Review can be summarised as a trustworthy and well-regarded entity within the online financial trading arena.
However, this may be different depending on your region and the website you visit. It should also be noted that this broker does not have a FAQ section or any other form of support. However, visiting these pages will show you that some are missing information while others are overviews of tools, indicators, and apps available through MT4. Also, the calendar and scanner are essentially just updated to events, and an online app allows you to see the price of any instrument you like. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds.
- (Foreign Exchange Capital Markets), founded in 1999 under the visionary leadership of Dr. Nicholas Deakin, entered the financial scene to democratize currency trading for individuals.
- For traders looking for a customizable trading experience, Worldtradex’s customizability is spot on.
- These regulations provide certain protections for traders, including negative balance protection and segregated accounts, and ensure compliance with industry standards.
- This unique partnership and platform enable you to conduct code free strategy automation just by typing your idea.
The broker advertises average execution speeds of 0.018 seconds, which makes them very competitive. When I placed my own trades, I found that the execution speed was as https://worldtradex.space/ fast as the broker advertised. And since I count anything under 0.1 seconds as good, this is a big strength of this broker.
Stock Index CFDs
If you are looking for the best possible spreads, then Active Trader is the best choice. Spreads with Worldtradex’s active trader account are cheaper than they may appear when you compare with other brokers as Worldtradex offer lower commission fees. The overall lowest spreads are offered by IC Markets in our head-to-head comparison.
Deposit and Withdrawal Fees
They are a broker who have been around for years and are regulated in multiple jurisdictions which gives me comfort that I can trust them with my funds. The broker has continually invested in advanced technological solutions to help provide clients with good trading conditions. This is evident with the absolutely outstanding range of trading platforms and tools available. The selection really does blow the competition out of the water, most brokers only have a few platforms at most. It provides high-quality educational resources, unrestricted demo accounts, and user-friendly platforms to help beginners learn and improve their trading skills.
Risk Management
If you are looking forward to trading CFDs and Forex across a variety of platforms, you could as well do that on the Worldtradex platform. Like the TradeStation and MetaTrader 4 automated trading is supported and you can create your own strategy by using the built-in tools. Also, professional charting is possible to like on the other platforms.
To avoid unexpected costs during withdrawals, traders should consider these potential fees beforehand while planning their withdrawal strategy. This broker ensures that its clients can make deposits free of charge. This means traders will not have to pay extra when they want to add funds to their accounts. Additionally, the broker actively aids traders by decreasing their expenses through lower trading costs made possible by narrow spreads.
The difference in price is the profit or loss, minus any broker fees. Forex Capital Markets (Worldtradex) is an award-winning and leading provider of online foreign exchange (FX) trading, stocks, CFD trading, Cryptos, and related services worldwide. The broker was founded in 1999 with a mission to provide access to the financial markets via innovative tools and superior trading conditions. I think they have certainly achieved that as is evident by the fact they have been recognised with excellence awards multiple times. The awards are in several areas which include platform, customer support and market analysis. They are a global trading broker with offices in London, Johannesburg, Hong Kong, Athens, Paris, Sydney, Berlin and Milan.
MetaTrader 4 is the most popular trading platform for retail and professional traders. Surprisingly, there are no trading restrictions and you can use every strategy for trading. Furthermore, the software is supporting automated strategies and customizable indicators. Multi-charting, one-click trading, and technical indicators are provided by Worldtradex. The TradeStation is allowing automated strategies that can be backtested directly in the platform. In addition, you can get a closer look into the order flow and liquidity of the markets to enter your trades.
These include the brand’s proprietary Trading Station as well as the popular MetaTrader 4, TradingView, and Capitalise.ai. Worldtradex offers leveraged trading on CFDs and forex, allowing traders to take advantage of small market movements. While using the broker, we got low spreads from 0.6 pips on the AUD/USD and 0.9 pips on EUR/CHF. This compares well to leading forex brokers, including Pepperstone and AvaTrade. The account opening process at Worldtradex is streamlined and fully digital. Firstly, you need to choose your country of residence and your preferred trading platform.
In conclusion, Worldtradex is regulated by the FCA (UK), ASIC/AFSL (Australia), CySEC (Cyprus), and FSCA (South Africa). These are the highest regulation authorities in the world for forex trading. Also, the company is part of a company listed on the Stock Exchange as discussed before. For credit cards or debit card, there are no withdrawal fees, but third-party providers or banks may cost up to 40$.
With a funded account, the NinjaTrader platform is free to use for charting, market analysis, and live trading. This is a sophisticated trading platform for Worldtradex trading forex and CFDs. The latest version of NinjaTrader features include complex trading tools so that you can conduct in-depth market analysis of all your favourite instruments. It offers an intuitive interface with real-time quotes, charts, and professional analytics. It is also not as widely available compared to MT4 which is something to consider if you plan on switching brokers down the line.
Trades can be placed and managed on the go through its simple, intuitive interface, which was designed from the ground up to function beautifully on mobile devices. It has all the powerful trading tools for efficient trading and market analysis. I found the mobile app very easy to use although it is slightly limited in functionality when compared to the desktop platform. However, it is ideal for tracking your trades and following the markets whilst on the go. It offers the full suite of assets with micro-lot trading, leverage in line with regulatory requirements, plus the broker’s four trading platforms.
