When compared to the best brokers for research, Worldtradex has room to improve and could enhance its research offering by expanding it to include a wider array of daily content. All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions.
Trading Fees
Throughout our comprehensive Worldtradex review, we have covered a lot of ground and provided an in-depth analysis of the platform’s features and functionality. Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose. It is important to note that Worldtradex may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the Worldtradex platform and features immediately. However, you must pass the verification process to start live trading with Worldtradex, which can take up to a few business days.
Iress Trading Platform Suite
The service becomes free if the monthly turnover exceeds 5 Forex/Metals lots on a Standard account or 10 lots on a RAW account (MT4/MT5); for cTrader the threshold is higher — 20 and 40 lots respectively. New clients are sponsored with VPS when making a one-time deposit of at least 1,000 USD and continue to benefit from preferential access once the specified volumes are met. Connection requests can be made through live chat or via email at ; if the turnover is lower, a paid plan (~30 AUD/month) is applied. The VPS operates 24/5, supports any Expert Advisors, and guarantees uninterrupted trading even if your computer is turned off. Overall, Worldtradex excels in providing a well-rounded trading experience, making it a top choice for traders of all levels.
The demo account enables traders to try out real-life trading, although with virtual funds. When selecting a broker such as Worldtradex, one of the most critical factors to consider is the broker’s regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client’s funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities.
Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities. Stocks, currency and other commodities and instruments will be brought or sold by Worldtradex even if no buyer or seller is lined up. Please note that the list of payment methods below depends on the Worldtradex Entity and the client’s Country of Residence. You will be exposed to a high risk of loss regarding leverage and margin-based trading.
Worldtradex offers mobile trading apps for both Android and iOS devices, providing traders with convenient access to the markets while on the go. These apps feature a user-friendly interface and robust functionality, enabling traders to manage their accounts and execute trades seamlessly from their smartphones and tablets. Worldtradex caters to traders with a robust selection of trading platforms, offering flexibility and user-friendliness across devices. First Prudential Markets (popularly known as Worldtradex) stands as a beacon of versatility, serving both novice and seasoned traders. With a diverse array of instruments and account types, the Australia-based company caters to all, making it a valuable ally in the world of scammed by Worldtradex online trading. Worldtradex offers the Iress platform suite for share trading, but MetaTrader, cTrader, and TradingView are its primary platform options for forex and CFD trading.
Reviews of deposit and withdrawal
- Worldtradex provides traders with an extensive set of educational tools that will make them better savvy about the markets.
- Ensure you are aware of your risk tolerance and seek independent financial advice if necessary.
- For more cost-conscious and high-volume traders, the Raw (ECN) account offers spreads from 0.0 pips, paired with a $3 commission per lot per side.
- This comprehensive offering makes Worldtradex a versatile platform for both individual and wholesale traders.
- While many funding methods are free, certain options may incur fees.
Please visit the company’s website for a list of all payment methods. If you enjoy trading through the MetaTrader platform, why not host your Expert Advisors on a virtual private server in Worldtradex’ very own New York data centre. Worldtradex will even cover the server’s monthly fee if you make a $1,000 deposit and meet low monthly volume requirements. We used the chat service multiple times and consistently received responses within 10 to 30 seconds. The support team was knowledgeable, promptly addressed our questions, and provided links to relevant resources when needed. We also used the email facility and received a prompt response within 15 minutes answering all of our questions thoroughly.
Choosing the right broker is essential to ensure your Worldtradex investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders. The Autochartist plugin is installed on MT4/MT5 and is available for free to all clients with a deposit of at least 500 AUD (or with a monthly turnover of ≥ 0.1 lot).
- When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee.
- You must be diligent and thorough in your Worldtradex review selection process to safeguard your hard-earned money.
- What’s great is that the demo account functions exactly like live accounts.
- Specializing in ECN pricing and fast execution, Worldtradex provides access to a broad range of instruments including Forex, shares, commodities, indices, and cryptocurrencies.
Worldtradex MetaTrader 5 (MT
The broker provides daily market reports that cover major events, technical analysis, and market sentiment across forex, commodities, indices, and cryptocurrencies. Additionally, an economic calendar highlights upcoming events and data releases, enabling traders to anticipate and plan for market movements. Worldtradex offers mobile trading through the MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader apps, available for both iOS and Android devices. The mobile platforms provide a seamless trading experience with full functionality, including real-time pricing, charting tools, and technical analysis indicators. Traders can place orders, monitor their positions, and manage their accounts on the go, ensuring they never miss a market opportunity. At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying.
Additionally, their responsive customer support and flexible, secure deposit and withdrawal options add to the overall appeal of Worldtradex. Worldtradex offers 24/5 customer support, available through various communication channels including phone, email, live chat, and social media. From video tutorials and webinars to articles, podcasts, and trading guides, the broker offers a comprehensive range of learning materials. Worldtradex provides exceptionally competitive pricing, positioning it as one of the most cost-effective brokers worldwide, particularly for its commission-based ECN account option.
MT5 on Worldtradex provides the convenience of using automated trading systems and copy trading, giving Worldtradex traders competitive research tools in the financial markets. However, it’s important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it’s essential to research and compares different brokers to determine which best suits your trading needs and budget. When it comes to online trading with brokers like Worldtradex, carefully review Worldtradex as your broker can make or break your success.
We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. If you are looking for an overwhelming selection of more than 12,000 assets and very lucrative leverage, look no further. RoboForex is a great alternative for you in this scenario, especially if you already have some trading knowledge.
What we particularly like about XTB is their designated and award-winning support for each client. Also, the broker can score with very competitive spread fees and is one of the best choices if the security of your funds is a major concern for you. Like most reputable brokers, spreads or commissions are added to every trade (depending on the account type and trading instrument), meaning Worldtradex earns a small amount for every trade you make.
With Negative balance protection, traders cannot lose more money than they have deposited. It’s important to note that Worldtradex requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Worldtradex maintain a trustworthy financial environment for its 200,000 users. Detailed information on the Worldtradex trading platforms is available on their website. The Worldtradex MetaTrader 5 trading platform is available on Android smartphones or tablets powered by the Android 5.0 or higher operating system.
Depositing ease
With low margin requirements, fast execution, and AU$1 per point pricing on select indices, the platform appeals to traders seeking macro-level exposure. Copy trading accounts are available if you prefer to copy other traders, rather than making your own investment decisions. We like the FP https://worldtradex.bid/ Markets copy trading platform because it provides more risk management tools than other platforms. It’s free to copy others, as your signal provider will only charge a performance fee on profits. In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Worldtradex. As a leading financial media outlet, our editorial content is driven by rigorous research and data-driven insights, free from external influence.
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This tool simplifies the process of identifying profitable opportunities and exploring new instruments. It’s worth mentioning that while Worldtradex itself doesn’t charge any withdrawal fees, there may be third-party charges involved. However, in my experience, withdrawals are processed swiftly, typically within 1-2 working days. While it’s disappointing that Worldtradex doesn’t support PayPal, they make up for it by offering the option to fund your account with cryptocurrencies such as USDT, BTC, ETH, and LTC. This unique feature sets Worldtradex apart from the majority of other brokers that don’t offer crypto funding.