WorldTradex Review 2025 Key Features, Pros, and Cons
I am personally satisfied with this brokers regulation and wouldn’t have any problem using them for my trading. If you would prefer some more top-tier regulators, then you might want to consider City Index as an alternative option. Available from the website, WorldTradex’s educational articles cover an array of important trading topics, such as matters pertaining to technical analysis and margin trading. Traders can use them to learn how to use various technical indicators, how market execution functions, what is slippage, and more. The articles are written in an easy-to-grasp manner so that even first-time traders can quickly understand what is being said with relative ease. The broker also offers Islamic accounts for swap-free trading, as mandated under Shariah law.
They love clients
- The deposit is low, the MetaTrader 4 platform is one of the best for forex trading, and the tight spreads through the ECN model are competitive.
- Its legal documents are accessible and written in an easy-to-understand way.
- WorldTradex offers a diverse range of bonuses and promotions designed to enhance your trading experience and provide additional value.
- Clients can find the provision in the Investment Services General Conditions PDF.
- However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection.
- I understand that these people may be struggling to withdraw their first money they earned on Forex.
Conditions are suitable, products’ range is wide and support team is friendly and willing to help. Sometimes it is a bit slow if compare to desktop version, but I guess it is due to internet connection, because platform is optimized well for portable devices. I had an experience with different brokers but they were kind of dubious ones. I need my funds to be safe.There is no problem with regulation at WorldTradex. Broker is regulated by CySEC and that means something.And one more thing that I find useful is numerous ways of deposit/withdrawal. Bank cards, bank wire transfer and a lot of alternative payment methods are available.
- I like how the process is all done online and shouldn’t take you more than a few minutes to complete.
- WorldTradex provides its clients with Virtual Private Server (VPS) hosting for low-latency automated trading.
- Traders will only receive a notification to deposit additional funds or close out their losing trades after their free margin is depleted.
- The broker can accept clients from most countries but does not provide services for United States residents and/or citizens.
- Anyway, after reading some reviews I decided to give it a shot and signed up for this company.
- The broker utilizes cutting-edge infrastructure to minimize latency, ensuring that trades are executed promptly at the desired prices.
VIP Account
Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Please note that the information on our website is for informational purposes only. We do not provide financial advice or investment recommendations. However, the broker will automatically close their losing positions relatively quickly thereafter, given that most other brokers set their stop-out levels at around 30%. The one-click trading option can be seen at the top-left corner of the image below.
Customer Support Channels
As an example, the free VPS service, which not only I use for algorithmic trading, is very suitable. You don’t have to guess where to find and who to pay for renting a server for algorithmic trading. Tight dealing spreads lower your overall trading costs and can significantly improve your trading results, especially if you are an active trader. WorldTradex has unusually competitive dealing spreads that you can gauge by opening a free demo account. Recently, they removed a $2,000 credit from my account without any prior notification, which triggered a margin call.
Social and Copy Trading: Not Recommended
Another bonus for us is the $0 minimum deposit and 0.01 minimum lot size, which makes WorldTradex more accessible than forex brokers such as Plus500 and AvaTrade, both requiring a minimum deposit of $100. The account stands out as a https://worldtradex.pro/ competitive option for traders of all experience levels. Beginners will appreciate the straightforward pricing model with zero-commission trading, while experienced traders will rate the tight spreads with no restrictions on trading strategies. The Vanuatu Financial Services Commission (VFSC) provides WorldTradex with a competitive regulatory environment for international clients. EEA-based traders manage their portfolios from a subsidiary that is authorized by the Cyprus Securities and Exchange Commission (CySEC). The Cyprus Investor Compensation Fund (ICF) protects retail trades in the event of insolvency up to €20,000.
Also don’t get me started on how user-friendly their interface is by making sure they provide advanced trading tools so the overall experience will be very satisfactory. If you’re just a typical retail trader, doesn’t matter which trading style your prefer, you can reveal your potential cuz trading conditions are favorable and flexible. Rather big leverage, tight spreads, accurate execution and Metatrader platform ensures stable & profitable trading.
Education and Tools
WorldTradex is also expected to have an effective insolvency procedure in place to ensure that all customers will be fairly compensated in the event of bankruptcy or liquidation. The CySEC has further reinforced investor safety through the Investor Compensation Fund that provides a guarantee of up to €20,000 if a broker winds up its business without warning. WorldTradex is registered as a Cypriot Investment Firm (CIF) under the brand name, Forex Central Clearing Ltd., which holds at least €1 million in tangible assets. WorldTradex also ensures the most secure trading environment through state-of-the-art encryption technologies for processing payments, as well as for connecting traders to the best liquidity providers in the market. WorldTradex also connects its traders through EQUINIX servers, which are considered to be among the most reliable and secure third-party systems in the Forex markets.
Minimum deposits vary depending on account type at the WorldTradex forex broker. Our WorldTradex review discovered that ECN Standard accounts’ minimum deposit was $100, which ECN XL and ECN Advanced were $10,000 and $100,000 respectively. Whether your new or an experienced trader, a risk-free demo account is a great way to experience the benefits of ECN trading with WorldTradex. You can practice your forex trading skills or test new strategies without making a financial commitment. On the other hand, if you already have some experience then I don’t think you will learn anything new.