This means that, in theory, bonus funds can stretch into the thousands. SuperForex offers the greatest choice and frequency of promotions out of every forex broker we evaluated. Rewards are not restricted to just new clients either, with multiple bonuses for existing traders. WorldTradex is also not the most heavily regulated firm on this list, so consider alternative brokers with bonuses if you want a better-known brand.
- Traders need to ensure that they have a clear objective before they trade financial instruments.
- WorldTradex does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment.
- Count on Forex Broker Guru to bring clarity to the world of forex brokers and elevate your trading experience.
- A responsive and knowledgeable customer support team is a hallmark of WorldTradex.
- Here is a screenshot of the WorldTradex quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.
Wider Trading Conditions
Webull only accepts traders from a few countries alongside the US, so clients from most other countries should consider alternatives, including those based in the EU. Webull also offers competitive interest on uninvested cash held in its brokerage accounts up to 5%+ APY. Having said that, we note that bonus funds cannot be withdrawn – they can mostly only be used to practice trading on the broker’s 400+ instruments, including 100+ forex assets. Security is a paramount concern for traders, and WorldTradex addresses this with a commitment to maintaining a secure trading environment. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), adding an extra layer of credibility and assurance for traders. However, traders seeking stocks or deep education and market research will need to look elsewhere.
Importantly, all deposits are fee-free, and e-wallets like Skrill and Neteller process within an hour, compared to 5-7 working days for wire transfers. I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities. While WorldTradex is regulated in Cyprus by the CySEC, this licensing does not offer clients the protection of a major body like the FCA.
Webull is a US-regulated and trustworthy broker that offers more free stock bonuses than most rivals. Webull is a US-regulated broker that offers generous welcome bonuses with free shares. Traders looking for a no deposit bonus will also appreciate SuperForex, which offers $88 to those that register for an account and claim the offer in the Client Cabinet. SuperForex will serve traders looking for regular bonuses and account top-ups.
Claiming the $30 Forex No Deposit Bonus A Guide
Demo users are given 10,000 units of their preferred currency to familiarise themselves with the forex and CFD markets on the MT4 platform. The “TradingFinder” platform offers various services, some of which, like introductions, are free, while others, such as our specialized services, are provided for a fee or through a subscription. Also, there are no commissions for trading, deposits, and inactive accounts.
Trading Accounts and Conditions
Overall, WorldTradex does offer a sign-up bonus of up to $2000 USD / R29’500 ZAR. The WorldTradex bonus is structured as a +100% first deposit sign-up, welcome bonus program. WorldTradex, from online reviews and forums, is personified as a provider of high quality with a positive rating. Among its transparency, and customer service, which are generally reviewed not to be very high, how it executes its services was the only thing that was not questionable. The key traps we look for are restrictions on withdrawing bonus funds or profits generated from it.
- Traders with live accounts can request that WorldTradex set the demo account to non-expiry.
- My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.
- WorldTradex works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker.
- Besides the very frustrating withdrawal charge, WorldTradex’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy.
- The majority of trading promotions are available through Vantage Global Limited, which is registered with the Vanuatu Financial Services Commission (VFSC) – a weak regulator.
- A competitive range of commodities markets forms the backbone of any serious CFD brokerage and, unfortunately, WorldTradex is lacking in this regard.
This https://worldtradex.world/ is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage. Advantages of trading with WorldTradex include Zero Commission and Zero Deposit Fees. WorldTradex is available to investors in almost 200 jurisdictions, including the UK, Australia and Indonesia.
They dont have their own cooked up half-working trade platform, instead its tried and tested MT4 which is the best trading platform for retail by far. WorldTradex is good for day trading thanks to its very tight spreads in the ECN account, leverage trading opportunities, and access to the fast and dependable MetaTrader 4 platform. The 70+ currency pairs provide a wider range than many competitors. However, some FX specialists like Forex.com offer thousands of additional instruments, so it’s disappointing to find just 27 non-forex assets on the WorldTradex platform. WorldTradex runs bonus offers in certain jurisdictions, and when I opened an account with the global entity I was offered a 100% deposit bonus up to $2000.
Withdrawals at WorldTradex are also disappointing, with all methods besides cards and wire transfers incurring a percentage withdrawal fee that can reach a hefty 3.4%, depending on the method. Wire transfers incur a $30-$45 flat fee (minimum limit of $500), many times more than the $5 withdrawal fee at eToro. CySEC is a top-tier regulator that helps ensure WorldTradex follows strict business standards and implements safeguards like negative balance protection and segregated client funds. While the broker does not run daily live streams, the platform does provide a dedicated research blog with news on upcoming economic events and price analyses of popular markets. While WorldTradex does not charge commissions on any markets, the platform has several other fee structures in place.
Compare Trading Instruments
I really like the ‘average spread tool’ available on the broker’s website which displays fees over recent trading sessions. This is a rare feature that you don’t see at many rivals, and a promising sign of transparency. However, not all currency pairs are as generously priced – GBP/USD trades with a 1-pip spread, which is more expensive than the average of around 0.3 pips at Fusion Markets, for example. In our experience, the 0.2-pip average spread on EUR/USD is far tighter than most commission-free accounts, which regularly charge 1 pip or more for this major pair.
Spreads on less frequently traded forex pairs and CFDs are higher, though this is the norm for all brokers with no-dealing desk (NDD) execution models. This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices. This company primarily offers one trading account type, the ECN XL account. Clients’ funds are held in segregated accounts with several banks. However, you won’t be able to access a compensation fund should WorldTradex go bankrupt.
Webull is a good option for traders interested in receiving free fractional shares upon sign-up. SuperForex stands out for its wide selection of trading promotions. Vantage requires a $1,000 deposit and trading volume of $1 million to access the free Virtual Private Server (VPS). Also, a $500 deposit is needed for free daily signals from Trading Central. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. If you have experience trading with WorldTradex please share your personal review of the broker and what you think are strong and weak points.
