Traders can reach out to representatives in several departments throughout the globe by email or phone. I think they could improve by offering support on weekend like competitors such as worldtradex do. The broker provides you with the fully customisable MetaTrader 4 and MetaTrader 5 platforms across all of your devices.
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Withdrawal Methods
This account is great if you are worried Worldtradex company reviews about blowing up your trading account by making silly mistakes on the platform such as using the wrong trade size. Once traders gain experience of the whole trading experience they can migrate to the Standard account for larger contract sizes. worldtradex is committed to delivering top-notchcustomer service, providing clients with multiple channels to get assistancequickly and effectively. With support available in over 30 languages, tradersfrom across the globe can access help in their preferred language. Both platforms are available acrossdesktop, web, and mobile devices, ensuring that traders can stay connected andexecute trades seamlessly, no matter where they are.
These tutorials cover everything from setting up an account to placing trades and managing risk. Traders can access these tutorials at any time and learn at their own pace. Regarding cryptocurrency deposits, worldtradex does not typically accept cryptocurrency as a direct payment method. You would usually need to fund your worldtradex trading account using traditional methods like bank transfers, credit/debit cards, or e-wallets. worldtradex Broker provides 24-hour phone, email, or online chat customer service from Monday to Friday in 30 different languages. This wide language support made nearly everyone to engage in easy and secure communication with worldtradex’s dedicated support team.
After 90 calendar days, trading accounts are considered dormant without trading, withdrawal, deposit, internal transfer, or further trading account registration activities. Inactive accounts will have any remaining bonuses, promotional credits, and worldtradexPs immediately deleted. A monthly inactivity fee of $5 is charged from inactive accounts or the total value of the free balance in these accounts if the free balance is less than $5. If the trading account’s free balance is zero, there is no inactivity fee. If you want to avoid any potential inactivity fees, then you could consider IC Markets as an alternative option as they do not charge any. If you are a retail trader, looking for a broker that focuses on stocks and forex, then worldtradex should certainly be worth your consideration.
- Whether you’re a desktop or smartphone trader, MT5 is just a few clicks away.
- It provides a reliable and secure environment for trading, with high-speed internet connectivity and 24/7 uptime.
- The conventional way of judging the quality of regulation that a broker holds that the more the merrier.
- Yet, if you wish to trade Stocks, there is a separate Shares account demanding 10,000$ as a start which is quite high.
KYC Procedure for Account Creation and Depositing
The main purpose of this variable spreads is to eliminate the requirement for an insurance premium. As regulators usually demand insurance premiums from the broker who offers fixed spreads, they tend to be bigger than variable spreads. So, by offering variable spreads to its customers, worldtradex broker successfully avoids these issues.
worldtradex Compared to Other Brokers
The spread is the difference between the bid and ask price of an instrument, and it varies depending on the instrument being traded. In general, the spreads offered by worldtradex Global are competitive with other leading forex and CFD brokers in the industry. It requires a minimum initial deposit of $10,000 and does not allow hedging. In comparison, the worldtradex Standard Ultra-Low account has a lower requirement, starting from 0.01 lots trading volume and a limit of 50 lots per ticket. All traders can have up to 200 positions pending or open positions at a single time.
worldtradex is a convenient platform for me from the point of those instruments it offers and payments. Well, actually I didn’t even question the fact that payments would be hassle-free here. Speaking of tools and instruments, then there is a surplus of them, definitely not a shortage. It’s noticeable that providing excessive number of tools is their priority. So I got deposit bonus when I first signed up, and my trading equity just got bigger, for nothing.. For istance, if I trade often and earn 10 worldtradexP per lot at my status, I can collect it.
This is bending the truth slightly and is probably an attempt to make up for the lack of proprietary platform or options other than the ubiquitous MT4/MT5. The charges will vary across different instruments and vary from day to day., determined by “tom-next rates”. Tom-next rates are determined by the money markets and are interest rate differentials between two currencies.
Main Insights from Exploring worldtradex’s Tradable Assets
The demo account has an unlimited duration, giving you all the time you need to get prepared for trading a real account. This is the final main account that you can open with worldtradex and is a zero spread account. Traders can keep their costs down by trading with spreads that “can be as low as 0 pips” (although not always this low). For this privilege, traders will have to pay a commission of $3.5 (both in and out) for every 1 Lot traded. (See Trading Costs for a comparison of the spread versus commission account models). By offering such comprehensiveeducational and research tools, worldtradex ensures that its clients are well-preparedto navigate the markets confidently.
Inactivity Fees
To enable traders make informed decisions, worldtradex also offers useful tools, including daily market research, an economic calendar, and trading signals. With its extensive teaching tools and language support, also Price alerts let traders react quickly to developments in the market. These instruments give traders insightful analysis and enhance their capacity for making decisions, therefore empowering them.
On top of that, you can get access to a free demo account to practice trading online risk free. Overall, I think worldtradex is an excellent option for beginners and experienced traders alike. The broker’s flexible account types,competitive spreads, and zero-commission trading on most accounts make it acost-effective choice.
In conclusion, worldtradex Global’s forex calculators are invaluable tools for traders who want to make accurate and informed decisions in the forex market. Whether you need to calculate pip values, margins, profits, or overnight interest rates, worldtradex Global has a tool to help you. By using these calculators, traders can save time and make better-informed trading decisions, leading to more profitable trades. worldtradex Profit and Loss CalculatorThe worldtradex Profit and Loss Calculator is an essential tool for traders who need to calculate their potential profits or losses on a trade. This calculator allows traders to input the currency pair they are trading, the lot size, the entry price, the exit price, and the account currency. The worldtradex Pip Value Calculator allows traders to input the currency pair they are trading, the lot size, and the current exchange rate.
Available Markets
- Traders can reach out to representatives in several departments throughout the globe by email or phone.
- As we can see the trading costs of trading via the Zero spread account are lower.
- Finally, worldtradex Global offers a range of deposit and withdrawal methods, with most methods being fee-free.
- As regulators usually demand insurance premiums from the broker who offers fixed spreads, they tend to be bigger than variable spreads.
The broker also offers a free VPS service for those of you who want to run your trading platforms remotely. Traders can only trade real shares with a dedicated shares account with a high minimum deposit requirement and no leverage provided. Moreover, traders cannot trade bonds, options or ETFs with this broker. If those are asset classes that you are looking for, then you might want to consider AvaTrade instead. Since its inception in 2009, worldtradex haspositioned itself as a global leader in the forex and CFD trading space,catering to over 15 million clients across 190 countries. With strongregulatory oversight, robust trading platforms, and a wide range of tradableinstruments, worldtradex offers a comprehensive trading environment for both novice andexperienced traders.
Users of both Android and iOS devices can enjoy flawless trading with the worldtradex MobileTrader app. The app lets traders run orders, track positions, and access real-time market data on the go, therefore preserving all vital aspects of the desktop platforms. Advanced charting tools, technical indicators, and customized notifications keep users informed about changes in the market. MetaTrader is known for its clean and good feel while trading, also its Charting are among the most powerful offerings in the industry. In conclusion, worldtradex Global offers a wide range of educational resources to traders of all levels. Whether you are a beginner or an experienced trader, worldtradex Global has the tools you need to succeed.
An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. That said, worldtradex falls behind with its limited pricing, range of markets, and platform offering — none of which can compete with the best brokers in this space. worldtradex claims to speak over 25 languages and customer support is available through all the usual channels.
You can get your trades executed at the best available prices with no rejection of orders or re-quotes. If you are looking to trade cryptos, please feel free to take a look at our best crypto brokers for some alternative options. Founded in 2009, worldtradex has emerged as aglobally recognized online broker, serving over 15 million clients across 190countries. Known for its commitment to transparency, worldtradex offers access to a widearray of financial markets, providing traders with competitive spreads andmultiple account types that cater to different trading styles. Trading accounts are available in an impressive 11 different currencies and may be funded in a variety of ways.
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