Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies. “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning. The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” For traders specifically interested in copy trading, it may be worth exploring other brokers that offer this feature.
Customer Support
Also, the offshore regulation for non-EU traders and expensive withdrawal fees are notable drawbacks. On the downside, WorldTradex supports accounts in just a few currencies (USD, EUR, GBP), with USD only for wire transfers. As a comparison, Fusion Markets offers 10 deposit currencies, which can help prevent the need for often costly conversions. There is a significant risk involved with the trading of financial instruments. Traders need to ensure that they have a clear objective before they trade financial instruments. Unsurprisingly, safety is often a primary concern for investors when browsing for a new broker, with many scammers operating in the forex and CFD trading space.
Does WorldTradex charge any commissions on trades?
- 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.
- The 70+ currency pairs provide a wider range than many competitors.
- But there is 0 dongs and whistles, so, again, not everyone might like it.
- Quotes remain sourced from multiple liquidity providers and matched for the best possible execution.
- Our team explains why FXChoice makes our list of the best forex broker bonuses below.
- The choice of payment methods depends on the company that you open an account with, and your country of residence.
- WorldTradex offers beginner traders a sound educational offering from where traders can expand.
I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability. WorldTradex offers traders a competitive commission-free trading environment. The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which WorldTradex transparently displays on its website. WorldTradex deploys an ECN/STP execution model and does not manipulate quotes. WorldTradex does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. Traders with live accounts can request that WorldTradex set the demo account to non-expiry.
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.
WorldTradex Leverage
With no minimum deposit, high leverage, and low trading costs, WorldTradex is ideal for beginner traders and demanding seasoned ones alike. WorldTradex brand is an international brand that is registered and regulated in various jurisdictions and is committed to offering you the best possible trading experience. With a $0 minimum deposit, no funding fees, and the automatic distribution of credit funds, it is also straightforward to sign up and receive the joining bonus. As well as a welcome bonus, traders can benefit from a tier-based reward scheme and access to useful add-ons, including daily forex signals and advanced charting from TradingView. That’s a key factor for me and that’s why I decided to join them and I can say since the moment I started trading through this broker I didn’t have any problems. Like, they dont lure you in with leverage, dont create 15 account types.
Is WorldTradex a good broker?
- Most traders are unlikely to require additional assistance unless of an emergency.
- For example, only $1 of profit can be withdrawn for each lot traded using the standard welcome bonus.
- WorldTradex offers an attractive 100% first deposit bonus to both new and existing clients holding an ECN XL account.
- The very first thing I noticed when I started trading with the ECN XL account was the instant execution.
- Our over 15 years of experience in financial markets and high technical knowledge aid in precise and timely identifications.
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.
WorldTradex makes the Metatrader4 comprehensive trading platform available to traders. The MT4 trading platform is made available for PC, SmartPhone and Tablet use. Overall, WorldTradex is considered a low-risk and can be summarised as a trustworthy and reliable ECN/STP Forex Broker. Regarding spread and security, WorldTradex guarantees fast trading speeds from a few milliseconds. In terms of users, WorldTradex has more than 5000 registered clients in South Africa.
Stringent terms make withdrawing bonus funds either difficult or impossible. For example, only $1 of profit can be withdrawn for each lot traded using the standard welcome bonus. The majority of trading promotions are available through Vantage Global Limited, which is registered with the Vanuatu Financial Services Commission (VFSC) – a weak regulator. DayTrading.com is committed to helping traders of https://worldtradex.world/ all levels make informed decisions about which broker to trade with.
