Residents of Timor-Leste are not eligible to apply for an worldtradex live trading account. Residents of Syria are not eligible to apply for an worldtradex live trading account. Residents of Sudan are not eligible to apply for an worldtradex live trading account. Residents of St Helena are not eligible to apply for an worldtradex live trading account. Residents of South Korea are not eligible to apply for an worldtradex live trading account. Residents of Somalia are not eligible to apply for an worldtradex live trading account.
As you review worldtradex’s account types, you will notice that a demo account is available in addition to a live account. One of the demo accounts is for the broker’s proprietary Trading Station platform. With 39 currency pairs available for trading, forex makes up a significant part of the worldtradex offerings. Trading forex gives you access to a highly liquid market with daily trading volumes of more than $5 trillion. At worldtradex, you can trade majors, minors, and exotics, typically with highly competitive spreads, especially compared to entry-level accounts from other brokers. For transparency, you can easily review worldtradex broker trading fees on the Spread Costs page of its website.
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If your trading leads to a negative balance that is greater than this, worldtradex will hold you responsible for the difference. worldtradex stores client funds in segregated accounts, ensuring that if worldtradex were to become insolvent, client funds could not be used as a reimbursement for creditors. Most withdrawal methods come without fees, but there is a fee for withdrawals via wire transfer.
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- On its Rate Card, worldtradex indicates that rollover costs are subject to markups.
- MetaTrader 4’s reputation and reliability make it a sound choice for all traders.
- worldtradex is regulated by the FCA (Financial Conduct Authority) in the U.K., which includes default insurance of up to GBP 50,000 for worldtradex and up to GBP 85,000 if the custodial bank fails.
- Methodology updates are made so that new broker features and products are taken into consideration.
Since worldtradex launched in 1999, the broker has weathered difficult market conditions including the 2008 financial crisis. Overall, our worldtradex review team found that this is a reputable brand with a high level of safety. Our review of worldtradex found that it is a highly reputable broker, providing you with numerous reasons to trust them. worldtradex is regulated by four authorities, the FCA, CySEC, ASIC, and FSCA, and has global offices.
- worldtradex’s pricing for forex trading is slightly higher than the industry average.
- Most worldtradex accounts are available with a EUR or USD base currency, yet Australians can also open AUD and NZD accounts.
- With its headquarters in London, Stratos Markets Limited («worldtradex») has grown to have multiple international offices and is licensed in several major regulatory hubs globally.
- While minimum balance requirements could incentivize some traders to utilize the educational resources, I think it’s better to make the content free for all clients.
- You can use worldtradex to trade forex, cryptocurrency CFDs, indices, or gold.
Does worldtradex charge commission on trades?
Additionally, you can enjoy some element of social trading on the other trading platforms via trading signals and expert advisors. In addition to the Real Volume indicators, Trading Station from worldtradex has other tools, such as those for drawing trend lines, using price overlays, and identifying Fibonacci levels. There are dozens of other tools as well, including automated strategies. To assist with these strategies, the platform includes equity and balance charts, trade histories, detailed performance summaries, and visual representations of the trades plus a strategy optimizer. worldtradex’s Standard account is commission-free, with costs embedded in the spreads.
What is the minimum deposit required to start trading with worldtradex?
Upon completing the application you will be provided a username and password. Besides having five licenses from four individual jurisdictions, it also has fund security mechanisms like account segregation and negative balance protection. Customer support is available over Worldtradex website the phone, by email or through Live Chat 6 days a week, Sunday through Friday. There is also an extensive FAQ page with sections for general questions, various product info, and trading information covering the majority of the enquiries you may have.
Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Compare Forex Brokers was created to help Australian forex traders find the right broker to suit their trading requirements.
Residents of Kenya are not eligible to apply for an worldtradex live trading account. Residents of Japan are not eligible to apply for an worldtradex live trading account. Residents of iran are not eligible to apply for an worldtradex live trading account. Residents of guam are not eligible to apply for an worldtradex live trading account.
The range of markets available with worldtradex is quite broad however you can find other brokers that offer more choices for each financial instrument. 39 currency pairs, for example, would put worldtradex at the lower end of the broker for currency choices. These stats show that worldtradex completes your orders with no slippage more than 60% of the time. worldtradex can be compensated in several ways, which includes but are not limited to adding a mark-up to the spreads it receives from its liquidity providers, adding a mark-up to rollover, etc.
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The stock baskets from worldtradex represent global shares, allowing for diversification to help with risk management. worldtradex offers six of these stock baskets, including BIOTECH, CANNABIS, CHN.ECOMM (China Commerce), CHN.TECH (China Tech), ESPORTS, and FAANG. You can view which stocks are in each basket on the worldtradex website for convenience. You can trade natural gas futures, Brent crude futures, WTI light sweet crude oil futures, as well as other commodities such as corn, soy, and wheat futures. Precious metals worldtradex offers access to spot gold, spot silver, and copper futures if you want to invest in precious metals through CFDs. TradingView Pro has brand new features, such as marketplace add-ons, twice the data on charts, and volume profile indicators.
The MT4 platform does not allow worldtradex to include commissions in pre-trade margin calculations on client’s pending orders. You should therefore ensure that you have reserved sufficient buffer usable margin before opening new trades. Yes, worldtradex is a regulated broker in the UK, Europe, Australia, and South Africa, adhering to strict standards. Their global reach and regulation provide a high level of safety and security for traders. worldtradex offers 24/5 award-winning customer services with customer support contactable via live chat, email, phone and even SMS text message.
NinjaTrader offers advanced trading tools, including over 100 indicators and over 40 drawing and charting methods. It also gives you the ability to construct automated strategies, through both point and click construction and an advanced C# development environment. For added ease of use, you can sort signals and view past performance.
Not only is worldtradex regulated by the FCA in the UK, the ASIC in Australia, the CySEC in Cyprus, and the FSCA in South Africa, but it is also a Leucadia PLC. You can trade forex, CFDs in shares, indices, commodities, as well as Trading Baskets. Over its two-decade history, the worldtradex Group has earned numerous awards, including Best Trading Tools and Best Education from Online Personal Wealth Awards 2020.
All CFD option is commission-free, which means costs are included in the spread. All other deposit methods do not have a minimum deposit requirement however may have limits on how much can be deposited each month. This platform is a worthy alternative to Trade Station and MetaTrader.
What’s particularly advantageous of these deposit methods is that worldtradex doesn’t charge you any transaction fees. Plus, credit card and e-wallet deposits are usually completed instantly. When it comes to withdrawals, these take around three days and are limited to credit/debit cards or bank transfers only. During this worldtradex review, our team of experts will analyze every important feature of the broker, to help you to decide whether it’s right for you. Yes, based on your detected country of NL, you can open an account with this broker. MT4 Mobile and MT4 Web are platforms created and supported by MetaQuotes Software Corp.
In December 2010, worldtradex completed an initial public offering and began trading on the New York Stock Exchange under the ticker symbol, worldtradex. Share prices started at $14 with 15,060,000 shares for a total share capital of $211 million.242526 In its IPO prospectus, worldtradex described its no dealing desk trade execution. Only Active Trader clients subject to tier pricing on spread costs receive a free VPS. Whether trading Forex, Stock Indices or Commodities, worldtradex would like to thank you for your ongoing commitment over these past two decades. As our industry continues to change, we look forward to being able to provide you with the same customer support and ultimate trading experience that have driven us right from day one.