In addition to the US and Canadian stocks, there are equities from 14 European countries, Brazil and Russia. The mobile versions of MT4 and MT5 translate extremely well from the desktop versions, also allowing excellent interaction between devices. The 3 chart types and 30 technical indicators of MT4 migrate well, whilst there are also push notifications for trading alerts. After a 90 day dormant period an inactivity charge is levied at $5 per month (you all lose all bonuses or promotional credits).

Trading fees and other costs
worldtradex Global offers a similar selection of instruments and provides higher leverage options in some instances. It includes more than 50 cryptocurrency CFDs available only in regions regulated by the Financial Services Commission (FSC) of Belize. While both worldtradex entities provide a comprehensive range of trading options, specific offerings may vary due to different regulatory requirements.

It is, therefore, unsuitable for those who lack proficiency and sufficient experience. One strong point is that worldtradex extends negative balance protection to all its clients, not just the EU clients that it is required to by law. This means that traders cannot lose more money than they put into their account and is excellent for beginners especially.
Currencies accepted for deposits/withdrawals
Additionally, internet issues in regions with intermittent or subpar coverage can also contribute to these challenges. Given worldtradex’s broad global presence, traders should be mindful of these potential risks. worldtradex follows a strict withdrawal policy that requires clients to withdraw funds using the same methods as their initial deposit. This applies to all deposit options, including credit/debit cards, e-wallets (like Skrill or Neteller), cryptocurrency wallets and international bank transfers. The Micro account is best suited to beginners, with the standard account being ideal for flexible traders.
Beginner traders who have done even minimal shopping around for brokers will by now have realised that the MT4 platform is available everywhere. Some of the bigger brokers will offer their proprietary platforms to trade on, whilst others will offer other third-party platforms for variety. All brokers want you to keep trading, and when a trading account lies dormant, they may start to charging inactivity fees. These need to be measured by how long your account can lie dormant before being charged a fee, and, secondly, by how high the fee is.
Trading platforms are based on MetaTrader 4 and 5 which are known for their reliability and advanced trading features. There is a minimum withdrawal amount of $5 (or equivalent) for all accounts except for the worldtradex Shares Account which has a minimum $10,000. Withdrawals via bank wire and debit card usually take 2-5 business days to reach the client’s account. Trade with confidence with a multi-regulated broker that has built long-standing partnerships with top global banks. All of the usual forms of deposit and withdrawal are available with worldtradex, such as Neteller Moneybookers, debit and credit cards and Skrill.
Desktop Trading Platforms
- This account mimics live trading conditions on popular third-party solutions such as the MT4 and MT5.
- One strong point is that worldtradex extends negative balance protection to all its clients, not just the EU clients that it is required to by law.
- It includes more than 50 cryptocurrency CFDs available only in regions regulated by the Financial Services Commission (FSC) of Belize.
- All brokers want you to keep trading, and when a trading account lies dormant, they may start to charging inactivity fees.
Conventionally, a broker’s regulatory quality is judged by the notion that the more licenses they hold, the better. Starting with the regulation in Cyprus (which covers the EU’s ESMA regulation), expansion has included Australia (a strong, tier-one jurisdiction) and latterly in Belize. We reached out through both the chat service and WhatsApp multiple times, and each time received responses within a minute. worldtradex has received various awards over the years from different organizations, reinforcing its reputation as a notable broker in the financial industry. worldtradex offers mobile versions of both MetaTrader 4 and MetaTrader 5, available for Android and iOS devices.
Instant Execution
BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you. Prior to dabbling into margin trading, each reader https://lunarcapital.net/ 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.
- The website is jam-packed with content to give traders the most assistance they could ask for on their journey.
- Leverage at worldtradex varies based on the regulatory jurisdiction of your account and the type of instrument you are trading.
- worldtradex is a broker that has been around since 2009 and now employs more than 300 people.
- This means that traders cannot lose more money than they put into their account and is excellent for beginners especially.
- Oopening an account is a matter of minutes, with several account options, varying across the different broker entities.
If you are tight for time, here are some of the important features that we like about trading with worldtradex. worldtradex is unable to accept clients from the United States of America, Canada, Israel and Iran. worldtradex are regulated by several top-tier authorities across its various regions, including CySEC (120/10), FCSA (49976) and DFSA (F003484). worldtradex also offers worldtradex TV, podcasts and news feeds from Reuters, an Economic Calendar, along with YouTube Shorts and daily technical stories.
Customer Support
This account mimics live trading conditions on popular third-party solutions such as the MT4 and MT5. On the other hand, experienced traders could use this account to test new strategies without risking any real funds. If you are a retail trader in search of a broker that focuses on stocks and forex, then worldtradex should certainly be worth your consideration. With negative balance protection, excellent research and educational content, and responsive customer support, worldtradex stands out as a strong choice for beginner traders. We are aware of some negative reviews regarding spread widening and larger-than-expected slippage.
You have two accounts which are free from commissions – Standard and Micro accounts, while the worldtradex Zero account is based on commission. This includes precious metals (such as Gold and Silver), agricultural products, industrial metals, and energy products, such as oil and natural gas. Although this selection allows traders to diversify their portfolios, it is somewhat limited, compared to other brokers who offer between 20 and 30 different commodities to trade.
Standard account
For example, if you have not used a credit card or a crypto account for deposits, you do not need to create one for withdrawals. You can proceed with the next available method in your withdrawal options, which could be an e-wallet or bank transfer, depending on your previous deposit methods and worldtradex’s policies for your region. Deposits into worldtradex trading accounts can be made in various currencies, including USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR and USDT.
worldtradex is a good choice for beginner and intermediate traders, especially since you can start with just $5, use demo accounts to practice, and have lots of additional resources. While it’s a strong platform, improving some of the issues highlighted by users would make it even better for new traders. If you’re thinking of using worldtradex, just keep these potential challenges in mind and evaluate how they align with your trading goals and risk tolerance. worldtradex stands out for its commitment to trader education, offering free webinars, research materials, and analysis tools to support informed trading decisions.