worldtradex’s fees can be Worldtradex forex broker classified into trading and non-trading. We’ll be discussing these different kinds of fees in this section of the review. worldtradex can also help you transfer your funds from other brokers directly via its broker to broker service, but for international transfers, the fee is $25 AUD. During our research for this review, we found the order execution to be very fast and reliable, even during fast-moving market conditions.
Best Known for Advanced Trading Tools
worldtradex’ dedication to client satisfaction is evident in every aspect of their service. From their competitive trading conditions to their exceptional support, they continue to exceed my expectations as a trader. The customer service at worldtradex sets a high standard in the industry. They are not only responsive but also proactive in ensuring client satisfaction, which is crucial for a seamless trading experience. Whether for demo or live accounts, WebTrader offers the same advanced trading functionality as the desktop versions of MT4 and MT5.
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- First, enter your personal details (First and Last Name, Country, Phone, and Email).
- Having their headquarters in a developed economy means it has to deal with a lot of regulatory oversight from the Australian Securities and Investments Commission (ASIC).
- The company is publicly listed on the London Stock Exchange with a market capitalization of approximately £700 million as of 2024.
- Comparing trading costs is challenging, with many variables impacting the final fees.
- In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with worldtradex.
worldtradex has chosen this platform not only for its popularity but as well as for its flexible trading conditions, ultra-tight spreads, and fast execution. MT4 features a customizable interface that includes colors of technical indicators, which makes it easier to read and analyze. Also, one-click trading for traders’ convenience, MarketWatch, and live price streaming on Live and Demo accounts. For secure trading, data are encrypted, and the platform has Expert Advisors (EAs) and customizable alerts. You would also be able to have access to the MetaTrader market and MQL4 community. It has multiple chart abilities and is compatible with iOS, Android, and Mac devices.
Depositing money into your account can be done through a wide range of methods. worldtradex only allow deposits from the accounts that were opened under the name of the trader in question. All payment methods accept different currencies and work in different regions, so it’s up to the client to choose the method that is suitable for them.
- I’ve found worldtradex’ competitive commission structure to be a great benefit, allowing me to maximize my trading profits.
- worldtradex complies with stringent regulations to ensure investor fund protection.
- Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
- Yes, worldtradex accepts retail forex traders from Canada, but do not accept clients from the United States (US).
Competitive spreads and fast execution speeds
Per AML guidelines, the name on the trading account and payment processor must be identical. They include bank wires, credit/debit cards, online payment processors, and cryptocurrencies. Clients may access all available options from their back office, where worldtradex lists all payment processors transparently.
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. Mobile trading is widespread among millennial and GenZ traders, copy traders, and those from emerging and frontier Forex markets. worldtradex offers four mobile apps, including its proprietary option.
The Islamic accounts are available on both MT4 and MT5 trading platforms but not available on the Iress platform. worldtradex is a global forex trading and CFD broker established in 2005. It has its headquarters in Sydney, Australia, and is regulated by the Australia Securities and Investments Commission (ASIC) and Cyprus Securities and Exchange Commission (CySEC). This multi-regulated broker offers online trading services across various financial markets through a single account. worldtradex’ trading instruments, totaling 10,300+, include 60+ forex pairs, 10,000+ stocks CFDs, 19+ indices, 16+ commodities, 290+ ETFs and 2+ bonds. Notably, 5+ cryptos are also available to trade on the broker as CFDs.
This way, you can invest in writing code for a single strategy or algorithm and scale it into other assets with worldtradex. Being a licensed (Australian Securities and Investments Commission) and fully regulated forex broker, our clients have the peace of mind that their interests will always be a priority for us. It is our firm commitment to excellence that makes us one of the leading forex brokers in Australia. In the hyper-competitive world of CFD brokerage, worldtradex has emerged as a formidable player, carving out a niche for itself over two decades.
worldtradex Unique Trading Features
Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry. In addition to an above-average range of currency pairs, indices, commodities, and shares, I noted the availability of CFDs on bonds and ETFs, which are less commonly available. Forex traders have access to everything from major pairs like EUR/USD to exotic pairs like USD/ZMW (Zambian Kwacha). Headquartered in Sydney, Australia, the broker supports multiple platforms, including MetaTrader 4, MetaTrader 5, cTrader, TradingView, Iress, and Mottai.
We are not liable for losses that resulting from the information provided on our site. Our worldtradex review research indicates that they offer free VPS as a promotion. To request the free VPS, you will need to deposit a minimum of $500 or trade over ten lots on a standard account or 20 lots on the raw account.
Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). worldtradex FX offers over 70+ forex currency pairs, including major, minor, and exotic pairs. Enjoy consistently tight spreads starting from 0.0 pips, available 24 hours a day, 5 days a week. You will also learn in detail how to open an account with DEGIRO and the different account types you can choose from. Another user found the customer service by worldtradex to be great.
The platform allows copying multiple successful trades and ways to manage the risks as well. Note that you don’t have to install any additional software either. There are limited ways to avail the support of the customer service team at worldtradex. However, they are constantly making an effort to minimize the waiting time while ensuring quality service to their customers.
Moreover, multilingual customer support is available 24/7 on the mobile trading app. Although they do not have their very own proprietary desktop trading platform, the WebTrader, cTrader, MT4 and MT5 platforms are offered to clients to achieve the same purpose. Traders like the desktop trading platform for its simplicity and raw prices that it offers in real-time with no third-party involvement.
Where is worldtradex based?
Additionally, traders can invest in a wide range of global stocks, explore fixed-income securities with bonds, and employ sophisticated strategies with options trading. worldtradex’ comprehensive offerings cater to a variety of trading preferences and strategies. worldtradex delivers a good variety of mobile apps for forex and CFD traders.
But our testing shows that the live agents take too long to respond to technical questions and more were suited for asking any general sales related queries. Both the Standard and Raw accounts require a minimum deposit of $100 AUD or equivalent. For a reputed broker, we found $100 AUD to be very reasonable as it translates into roughly $70 USD. I tested worldtradex customer service with dozens of queries, ranging from platforms to fees and account-related issues.
With top-tier regulation, a global reputation, and a partner-first mindset, worldtradex is a reliable and rewarding choice for forex business partnerships. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. Sofia, was quick to help with my issue of not being able to deposit/fund my account. Valters is an incredible agent account who helped me at all times and I am very grateful. Hi Clement, If you have an account with worldtradex Australia then I would expect you should be able to use the IRESS account. As I understand it, it’s only the worldtradex subsidiaries outside Australia that don’t offer IRESS, so in your case I don’t believe you should need to use the VPN.
Following its advent in 2005, worldtradex has blossomed to encompass a workforce of over 95 employees – with a suite of trading instruments in their inventory. MetaTrader WebTrader (MT4 & MT5) allows traders to access their accounts directly from any web browser, offering flexibility and convenience without the need for additional software downloads. Most particularly enjoy the competitive prices and the advanced trading tools, along with quality customer support. Experienced traders in particular mention the IRESS platform in addition to MetaTrader 4, and direct market access.