In addition, both new and existing WorldTradex clients can take advantage of a 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.
Which Markets and Symbols Are Available for Trading?
While MetaTrader 4 handles all trade positions, the WorldTradex trader’s hub is where clients can access account information and settings, as well as manage the deposit and withdrawal of funds. WorldTradex offers an attractive 100% first deposit bonus to both new and existing clients holding an ECN XL account. As of the latest information available, the company does not offer copy trading or other investment features on its platform.
Steps to Participate in Markets4you Lunar New Year Promo
- 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.
- WorldTradex shows clients how to obtain the most up-to-date rates, a step many brokers omit.
- 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 WorldTradex brand is an international brand that is authorized and regulated in various jurisdictions worldwide.
- Still, WorldTradex has done well by providing an attractive, affordable and simple account option for day traders who will appreciate having no trading restrictions or minimum deposit requirements.
Forex Broker Guru is a dedicated website that offers in-depth and detailed reviews of various brokers in the forex market. Our platform provides comprehensive insights into the performance, features, and reliability of different forex brokers. Count on Forex Broker Guru to bring clarity to the world of forex brokers and elevate your trading experience. In this WorldTradex review, we examine the broker across key categories, including its accounts and fees, trading platforms, and customer support, to find out how it competes with alternatives. These findings are based on our first-hand experience trading at WorldTradex and take into account the overall experience for day traders. Clients have access to the full suite of the out-of-the-box MT4 trading platform.
With no minimum deposit or transfer fees, it is also straightforward to claim a joining bonus and get started. Whilst we don’t consider these major drawbacks as many brokers have balance and volume requirements to access additional trading tools, it is worth noting before you sign up. We recommend Vantage because it is a trustworthy forex and CFD broker that offers attractive bonus deals with transparent terms and conditions. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.
Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives. Based on the information on the website, the support department is available 24 hours, Monday to Friday. Traders looking for a more extensive selection, particularly in stocks or exotic instruments, may find the offering somewhat limited compared to some larger brokers. With WorldTradex, you can open a trading account denominated in US dollars, euros or British pounds. If you fund your account in a different currency, WorldTradex will use Hellenic Bank’s exchange rates, published here. Traders have access to numerous deposit and withdrawal options at WorldTradex.
Islamic Account
WorldTradex works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker. WorldTradex offers a decent selection of payment methods including standard card and wire transfers as well as crypto and e-wallet solutions. This is a convenient range and I was especially happy with the inclusion of crypto payments as these are highly flexible and should work for traders based almost anywhere. Trading with WorldTradex will involve fees from $3 USD / R 60 ZAR, spreads from 1.3 pips to 1.5 pips, and commission-free trading depending on the account type traders select. WorldTradex provides three different account types, namely the ECN XL Account, a Demo Account, and an Islamic, Swap-Free Trading Account. WorldTradex does not require a minimum deposit amount in order to open a live trading account, with the recommended amount set at $500 USD.
Another big downside is the lack of web trader compatibility, which I find convenient because it provides straightforward and fast market access. This is low compared to many brokers, but it’s still a downside since rivals like Vantage charge nothing, making them a better fit for casual traders. The most frustrating absence is stocks, which are entirely missing, though traders can at least speculate on stock markets through index CFDs.
Aside from the WorldTradex sign-up bonus of up to $2000 USD / R29’500 ZAR, no other bonus options are made available at this time. It’s important to note that while using the VPS service, the client is responsible for the security of their VPS account and the safety of the data on it. We always recommend you read bonus terms and conditions carefully.
Safety & Regulation
- I feel like each one of us needs to find 1 broker he “clicks” with.
- Known for its user-friendly interface and robust features, MT4 offers a seamless trading experience.
- Together, these bonus funds can build to up to $10,000 per month, subject to the current trading promotions and terms and conditions.
- WorldTradex are never charged any commission or fee for trading from their traders.
- Please note, some markets may only be available via CFDs or other derivatives.
His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch. The WorldTradex brand is an international brand that is authorized and regulated in various jurisdictions worldwide. Regulatory Authorities include The Cyprus Securities and Exchange Commission (CySEC) and The Vanuatu Financial Services Commission (VFSC). Furthermore, the broker offers its clients Negative Balance Protection and all https://worldtradex.world/ client funds are held in segregated funds. A state-of-the-art Secure Sockets Layer (SSL) network security protocol is also made available in order to keep clients’ private information safe.
How To Compare Brokers With Bonuses
The key considerations here are the amount the broker will add to your deposit, generally displayed as a percentage, for example 100%. The other is the total amount of bonus funds available, for example up to $2,000. The brand will also appeal to currency traders familiar with MetaQuotes software, as both MetaTrader 4 and MetaTrader 5 are available.
Black Friday Free Bonus Deal DB Investing Offers $50
One such charge is overnight fees, which can be viewed for each asset through the MetaTrader 4 platform. 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. Clients can also log in to the trader’s hub from a mobile device for account management. However, profits can only be withdrawn to a bank account or a crypto wallet.
The risks involved may lead to incurring damage or losses that exceed the initial deposit of the trader. Should traders deem it necessary, they should consult independent professionals for additional advice before making decisions that may lead to loss or damage. The information and products provided by WorldTradex are for informational purposes only.
