Whether you have withdrawal problems, require help using MT4 or have a general inquiry about the broker, speedy and effective customer service is a must. Education is one of WorldTradex’s strongest attributes, with a learning centre sitting on the website complete with articles on forex trading essentials, strategy examples and chart reading. In terms of safety measures, the separate login details for the MetaTrader 4 account to the WorldTradex trader hub adds a layer of protection. Clients can access a margin calculator in the trader’s hub to preview how different leverage levels would affect a position.
Why Is Vantage Better Than The Competition?
WorldTradex provides unparalleled account choices such as zero-fee ECN and competitive spreads, a subset with incredibly low costs. It is the feature of honesty in terms of pricing and execution that makes the customers interested and votes with plentiful positive reviews and ratings. Please note, this bonus is NOT AVAILABLE to clients in the EEA or the USA. Alongside a generous welcome bonus, the brokerage offers great perks for high-volume forex traders. This includes a fiver-tier loyalty scheme where commissions can fall to $1.50 per side.
WorldTradex Customer Reviews
New traders have access to fourteen quality educational posts plus a dedicated section on major economic reports. Eleven eBooks complete the education at WorldTradex, and the overall product remains impressive. Five MT4 user guides and a Forex glossary section are also available. WorldTradex offers beginner traders a sound educational offering from where traders can expand. While an interactive course or videos are not available, the existing content provides a well-thought-through introduction to trading.
Company Information & Regulation
WorldTradex has taken undeviating steps to segregate accounts and the offering of investor compensation schemes as measures to protect the client funds. The reliability of the firm and the reputation of the Forex market is much enhanced by these steps. WorldTradex can deposit and withdraw funds through bank transfers, debit/credit cards, and e-wallets. It is the security and speed of transaction processing that also contributes to high ratings of brokerage services. The broker teases customers with decent customer support that we get through live chat, email, and phone calls.
Regulation & Trust
SuperForex is not as well regulated as alternative bonus brokers on this list. The company holds a license with the International Financial Services Commission (IFSC) – which we do not consider a leading financial watchdog. This is a useful feature that we did not find at any other forex broker with bonuses that we tested. We don’t recommend WorldTradex for experienced traders looking for loyalty rewards and cash rebates – this broker does not offer them. WorldTradex will pay out bonus funds within 24 hours of receiving a qualifying deposit, which can be made via multiple zero-free payment methods. The broker’s bonus credit can also be used to speculate on a full suite of popular asset classes, including forex, indices, commodities and crypto.
- This is because the forex broker may offer an initial joining bonus, plus extra funds for depositing with certain payment methods, such as crypto.
- DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.
- Based on the information on the website, the support department is available 24 hours, Monday to Friday.
- WorldTradex is no exception to this and offers new clients a 100% deposit match bonus of up to $2,000 on their first deposit following registration.
- For clients that wish to monitor and add to positions on the go, WorldTradex supports the MetaTrader 4 mobile app, which is available to download for both Android and iOS.
- For example, many are charged standard bank wire fees that sit between $30 and $45.
- MT4 upgrades are available through third-parties for an additional fee to (potentially) enhance the trading experience.
- I’ve personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades.
- Choosing a broker based solely on their bonus deals and trading promotions is a bad idea.
- WorldTradex also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework.
Read on to discover whether you should sign up for an WorldTradex account today. WorldTradex Forex broker provides a range of educational resources to help traders improve their knowledge and skills. More you will get daily forex technical analysis by forex experts, and forex news. WorldTradex offers a 100% deposit bonus up to $2,000 which is significantly more than most forex brokers. Traders can effectively double their purchasing power when they sign up and fund their account.
In addition, both new and existing WorldTradex clients can take advantage of a https://worldtradex.pro/ free virtual private server (VPS) for round the clock automated trading. The broker also levies an inactivity fee on accounts that sit dormant for over 120 days. This charge is $/£5 per month, effective after the qualifying period but it does not apply to accounts with a zero balance.
Payment Methods
This means that clients of WorldTradex’s offshore branch won’t get the same level of protection and won’t have access to compensation schemes or trusted regulators if things go sour. A Trader can deposit up to $2000 USD to earn a deposit of up to R29’500 ZAR. This comprehensive approach allows us to recommend the best brokers for different experience levels, trading styles and budgets. Investing.co.uk has been helping British traders find the right broker for over 20 years.
