Based on our evaluation, there aren’t many forex tools to improve the trading experience. My only criticism is the fees for depositing funds to the ECN account, which don’t stand up against competitors like Pepperstone which doesn’t charge. Processing times vary depending on the method you choose. For instant funding, I recommend card payments, which I find easy to set up, while bank wire transfers can take up to 5 days.
Investment in Asset Classes or Markets by worldtradex
In addition, customer support agents are available 24/7 in case you have any questions. The first platform I took for a test drive was worldtradex +. This is browser-based, but nevertheless incorporates some powerful features.
On the downside, our research has revealed that swap-free accounts are not available. For Islamic traders, we recommend AvaTrade instead. worldtradex is also a member of theInvestor Compensation Fund. This level of regulation and membership in theInvestor Compensation Fund provides a strong legal framework for traderprotection. During the registration, you will be required to provide additional information and provide proof of residency along with proof of your identity for verification. You can use utility bills or bank statements as proof of residency and a government-issued ID card, passport, or driving license as proof of identity.
worldtradex fees compared to plus500 fees
While worldtradex’s offerings might resonate with many, aligning your unique trading objectives, strategies, and risk appetite with a broker’s features is pivotal. After all, in the trading world one size never fits all. So, before diving into worldtradex’s offerings, evaluate the platform based on your goals and preferences.
worldtradex Payment Methods
A demo account is available to people with the worldtradex+ and Sterling Trader Pro. worldtradex+ is a browser-based platform that has some powerful features which are similar to level II data. Another direct access provider is CQG, which allows exposure to over 40 world exchanges and combines futures and options trading. Over the years, it has gained the trust of over 1 55,000 clients across the world. It provides a competitive price and a plethora of trading tools to its day traders and investors. The demo account is available to simulate all three types of forex accounts using $100,000 in virtual funds.
worldtradex requests four different platforms, which include MetaTrader4 and MetaTrader5, CQG, and ROX. Two out of these named MetaTrader 4 and 5 are well-known because they are most used by the traders. In essence, worldtradex has a deposit and withdrawal structure prioritizing efficiency with no hidden costs. Such policies solidify worldtradex’s reputation in the financial trading space.
- worldtradex processes withdrawals within 24 hours of the request being made.
- worldtradex is regulated in Cyprus, offering more than 30,000 instruments for trading.
- The key benefits here are access to more than 50 execution routes, as well as powerful trading software like Sterling Trader Pro.
- worldtradex offers a suite of tradable instruments, catering to traders with different all kinds of preferences and methodologies.
- While thebasic desktop CQG platform is free, there are charges for upgraded features anddata packages.
Account types available for traders on worldtradex
However, we are disappointed to find that there are fees for depositing in ECN accounts, the amount of which varies depending on the method you use. There are also withdrawal fees with this account, reducing its https://worldtradex.world/ appeal. We appreciate that there are no deposit fees on the Standard and MT5 Global accounts, although third-party fees may apply to bank transfers.
Step 1: Open an account
Additionally, the broker charges withdrawal fees which vary depending on the method you choose. Many leading forex brokers we evaluate do not charge at all, so this is a negative, especially for traders who make frequent withdrawals. ROXPremium – ROX Premium provides access to major USstock and options exchanges (NYSE, NASDAQ, CBOE) for market data and orderrouting.
CQGTrading Platform – CQG offers access to over 40 globalexchanges, providing market data and order routing for futures, options, andtheir combinations. While thebasic desktop CQG platform is free, there are charges for upgraded features anddata packages. worldtradex requires a $3,000 account minimum for trading withthis platform.
- One of them is -trade schedule with equity transactions costing $2.50.
- Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs.
- worldtradex offers lower fees than most forex brokers based on our evaluation.
- So, if the broker fails to settle claims of investors or folds up, they are secured up to $500,000 and €20,000 correspondingly.
- Unlike most other trading products listed here, futures and futures options trading are lightly covered in the broker’s educational resources and research reports.
Inactivity Fee
The transferring of the fund in the case of non-US countries may take one to two business days. Transfer of funds through this account takes two to three dates (approximately). They require a holding period of five days before the availability of trading control is provided. The traders and clients of worldtradex can use the mobile platform. Quotes and real-time charts are available with technical studies.
Please note that full access to all assets isavailable on the MT5 account. The Standard and Forex ECN accounts primarilyoffer CFDs for forex, precious metals, and indices/energies. The final step is to deposit funds and start trading. The broker offers various methods for account funding, including bank transfer, Bitcoin, credit/debit card, crypto, Neteller, POLi, PayPal, Skrill, and iDeal.
It is a good broker with adequate trading conditions. The company is working in the correct direction for development. worldtradex guarantees that the information provided is safe and secured, and it is protected when the details are sent to the site as well. The broker at worldtradex comes under the regulation of the CySEC – Cyprus Securities and Exchange Commission. The investor’s compensation fund has worldtradex as one of its members.