With over a decade of industry experience, worldtradex has developed extensive expertise and tailored its services to cater to the global trading community. The fees and commission at worldtradex changes depending on what type of account you are signed up to. For example, for a non-leveraged CFD share you will be paying a 0.8% commission and 0.11% for the purchase of a new share.

This type of account is ideal for traders who work with smaller volumes or are fine-tuning their strategies. The Standard account is designed for beginners and intermediate traders, offering commission-free trading with competitive spreads from 1.0 pip for Forex and Metals. You can reach worldtradex customer support via 24/7 live chat, email, or phone.

• worldtradex may require additional documentation or verification steps before processing a withdrawal.
• worldtradex is committed to providing exceptional customer support to its clients.
• worldtradex may charge overnight funding fees, which vary depending on the position held.
• There are four main different types of options if you need to get in touch with a member of the FP Market customer support team.
• Limit orders were generally filled promptly when the market price hit my designated limit.
• You can get access to 355 share CFDs that are trading with less than 20% margin.
• They offer services to traders around the world and are overseen by several financial regulators in different countries adapting to different rules and requirements.

worldtradex features two live account types, starting with the one dubbed Standard. The Standard account features spreads from 1 pip, and there are no commissions. If you are interested in taking advantage of lower spreads, the Raw account is an excellent alternative.

Additionally, traders may need to undergo a verification process to confirm their identity and comply with regulatory requirements. Getting started with worldtradex is a seamless process designed to provide traders with a hassle-free onboarding experience. The registration process is completed entirely online, eliminating the need for paperwork and minimizing delays. Established in 2005, worldtradex has become a prominent brokerage firm specializing in forex and CFD trading.

• You are have to fill out a registration form with essential personal details.
• This web platform offers flexibility and accessibility, making it a convenient choice for traders who prefer to trade from various devices and locations.
• worldtradex earns a top-notch rating in trust and safety due to its extensive regulation, comprehensive fraud prevention measures, and stringent client fund security protocols.
• At worldtradex, traders have access to an extensive array of trading instruments across various asset classes.
• They offer 15 Index CFDs, including popular choices like the US100, US500 and UK100.
• worldtradex offers a large number of tradable instruments including over 70 currency pairs.

worldtradex provides access to over 10,000 financial instruments, covering forex pairs, stocks, indices, commodities, cryptocurrencies, and more. The broker supports trading on MetaTrader 4 and 5, cTrader, TradingView, as well as IRESS trading platform for a broader selection of assets, particularly equities. At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying. worldtradex caters to desktop users by offering trading software compatible with both Windows and Mac operating systems. Windows users can download the desktop platform, while Mac users can access it through web-based solutions.

Costs and fees

IRESS is valued by active stock traders for its Direct Market Access (DMA) to global exchanges making it well-suited for equity and share trading. It is tailored towards experienced traders due to its extensive features and higher costs​. The good news is worldtradex boasts a relatively low minimum deposit threshold compared to some other brokers. This makes it accessible to traders who want to experiment with the platform and test their strategies with a smaller initial investment. When a broker prioritizes financial stability through measures like client money segregation and https://worldtradex.world/ capital adequacy, it directly translates to secure and timely payouts for traders. If your funds are held separately, there’s no reason for the broker to withhold them.

worldtradex Customer Service

Under regulations like ASIC and CySEC, worldtradex is mandated to keep client funds separate from their own operational capital. This segregation ensures that even if worldtradex encounters financial difficulties, your deposited funds remain secure and readily available for withdrawal. Prior to dabbling into margin trading, each reader should take the time to determine their individual investment goals, risk tolerance, and level of expertise. Our main objective is to help readers make better-informed decisions when choosing online brokers and learn the foundations of trading rather than providing financial advice.

Deposit and Withdrawals

Well, during my testing, the spreads on major forex pairs like EUR/USD were around 1.0 pip. Regulatory bodies also impose capital adequacy requirements on brokers. This means worldtradex must maintain a minimum level of capital reserves relative to its liabilities. Healthy capital reserves act as a buffer, further mitigating the risk of worldtradex facing financial challenges that could impact your ability to withdraw funds. You are have to fill out a registration form with essential personal details. As with any other broker, basic information such as name, email address, and country of residence is requred.

deposits/withdrawals

They offer 15 Index CFDs, including popular choices like the US100, US500 and UK100. The name on your trading account must be the same as the name on your payment method to comply with anti-money laundering (AML) regulations. However, most payment methods typically have a minimum withdrawal amount ranging between $5 USD and $50 USD. The withdrawal amount will need to be the same amount as your deposit and via the same withdrawal method. Once deposits have been withdrawn, you can use an alternative method to withdraw profits.

worldtradex does not accept clients from the United States of America due to strict regulatory rules imposed by the Commodity Futures Trading Commission (CFTC ) and National Futures Association (NFA). worldtradex ensures the safety of client funds by segregating them from its operating capital, meaning your money is kept separate and protected from any company liabilities. Other useful tools include Trading Central, TradeMedic, AutoChartist, Toolbox (12 online trading tools through MT4/5), MyFXBook and Signal Start. They offer 12 cryptocurrency CFDs including the major cryptocurrencies such Bitcoin, Ethereum, Ripple etc.

Competitive and Transparent

Make sure to verify your withdrawal method beforehand to avoid delays. So, before you get all excited about pulling out your profits, double-check with your bank and worldtradex to avoid any unwelcome surprises. Also, keep an eye out for inactivity fees if you take a long break from trading. Sure, you pay a commission per trade, but with spreads that razor-thin, those commission fees can become a distant memory, especially if you’re an active trader. During my testing, on higher volume trades, the tighter spreads in the Raw Account definitely outweighed the commission costs. worldtradex offers Standard Accounts, perfect for beginners or those who hate commissions.