Our assessment also considered unique features that set worldtradex apart from competitors. To learn more, you can read comparisons of worldtradex vs Plus500, FP Markes vs OANDA, worldtradex vs Admirals and worldtradex vs eToro. By comparing worldtradex against these industry benchmarks, we aim to provide traders with a comprehensive and unbiased view of where worldtradex stands in the competitive forex brokerage landscape.
worldtradex Broker Review: Pros and Cons
For beginners we would strongly advise the Broker for the priceless educational materials worldtradex provides, the availability of Demo Account and Perfectly Organized community and Blog sections. The market analysis, seminars, webinars, video tutorials are of excellent quality, where market research is suitable for traders to improve trading knowledge and skills. On the flip side Spreads for Stocks are higher, also some withdrawals add on commission, also it is worth checking the conditions under the entity of worldtradex you would trade since they are different. Lastly, Instruments are mainly based on CFDs and there is no real Investment in Stocks or Shares available, yet it is not a big Con since worldtradex specializes particularly as CFD trading provider. To open an account with the worldtradex broker you require a minimum deposit of $100.
There are a few points to highlight where worldtradex could improve. The overall design and user experience of the education section feels a bit dated. At the time of this review, there was only one webinar scheduled and it was in Spanish. Also, I signed up via email for educational ebooks but never received them. The courses within the worldtradex Academy cover key concepts and terminology like pips, margin, swaps, and spreads.
Range of platforms
Lastly, reviewing Real Traders Reviews and Comments we mainly find excellent marks and regards of Brokers operation, confirming its solid background https://worldtradex.world/ and stability along the time. However, the payments we receive can influence the products, companies, or services we highlight and evaluate. This means not every available option may be featured on this page. We are dedicated to maintaining high editorial integrity and transparency during reviews or other posts. However, it’s important to note that some of the products we discuss are from our partners. In this detailed worldtradex Broker Review, we will review each aspect of the worldtradex broker to see if this broker is a legit broker.
worldtradex Desktop MetaTrader 5 Platform
MT4 and MT5 supports over 30 languages while cTrader platform also offers similar multilingual support. worldtradex offers 24/7 customer support to both retail and professional clients globally through various channels, including phone / call back service, email, live chat, and social media. The company showcases its customer service awards and emphasizes delivering personalized and proactive support. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.
It is easier to decide whether to buy or sell once you already understand the volatility of the markets. For example, if you think that the market value is going to fall, then choose to sell instead of buy. But, if you think that the price is going to increase in value, choose to buy instead of sell. worldtradex have proven its excellence through its products and services.
The depth of market (DoM) view is particularly noteworthy since it helps traders grasp market liquidity. Along with other pending order forms, including sell stop limit and buy stop limit, the platform also features detachable charts and an integrated economic calendar. Platforms available as a Web Trading platform and supporting other versions too.
One of worldtradex‘ distinguishing features is its competitive pricing and deep liquidity, providing traders with tight spreads and fast execution speeds. worldtradex emphasizes trader education by offering free webinars, trading guides, and daily market analysis to help users make informed decisions. This focus on educational resources is particularly useful for those aiming to refine their trading strategies and knowledge. FP Market forex broker, a leading provider in the industry, offers competitive trading conditions, reliable services, and access to an economic calendar. worldtradex review is regulated by multiple financial authorities and provides various assets and dedicated customer support. A demo account is available on all trading platforms for beginners so that they can gain insight into trading and are able to polish their trading skills in a safe environment.
Instruments Available For Trading
- We can say that this broker is worth our trust and gives its best to support its clients to be successful in the trading industry.
- Two most important things you need to know before trading is charting and analysis.
- While worldtradex strives to minimize slippage, it’s a reality, especially with high volatility or less liquid instruments.
- The broker’s user-friendly interface, educational resources, and demo account make it suitable for beginners.
- Another user on Quora shared his great customer service experience in his comment, explaining that the team responded to his queries quickly.
However, it’s important to note that if your worldtradex demo account remains inactive for more than 30 days, it will expire. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information.
Methods Of Payment (Deposit and Withdrawal)
- Headquartered in Sydney, Australia, worldtradex (First Prudential Markets) was founded in 2005 as an online retail forex and CFD broker.
- This means you could lose more than your account balance if you day trade through these entities.
- Setting up and funding a live trading account with worldtradex is not only straightforward but also incredibly swift.
- worldtradex is a global forex trading and CFD broker established in 2005.
- During my testing, I did experience some minor slippage on a couple of occasions, but nothing that threw my entire strategy off course.
This technology allows easy deposits and withdrawals without disturbing trading activity. Money managers easily calculate the performance fees for all of their clients. The minimum spread for AUDCAD is 0.0 pips for a raw ECN account while for a standard account, the average spread is 1.9 pips.
Just a friendly reminder to always be aware of this risk and consider using stop-loss orders to manage any potential slippage surprises. Of course, having a ton of instruments is great, but it’s only half the story. The real test is how easy it is to find what you’re looking for and Worldtradex analyze it before pulling the trigger.
To properly control their risk, the platform also provides market orders, limit orders, and stop-loss orders, among other order forms. If you are a forex and CFD trader looking for a trusted broker, worldtradex can be an ideal choice for your trading journey. However, We always encourage traders to test brokers with a demo account or with a small deposit. Once you are satisfied with the trading conditions of the broker, you may proceed with real trading. worldtradex gives its traders the power to select a trading platform with a pricing model that suits the trader’s trading style and skill. worldtradex‘ Raw account is designed for more experienced high-volume traders, offering commission-based trading with spreads from 0.0 pips.
Cost Structure and Fees
We built the website to assist forex traders in finding the right forex brokers to trade with ease. We are committed to transparency, accuracy, and comprehensive insights. After carefully examining the reviews, we found that most of them are genuine, provided by real users sharing their real-life trading experiences. There are several deposit and withdrawal options provided by the worldtradex broker. These are credit/debit cards (Visa and Mastercard), bank transfers, PayPal, Neteller, and Skrill.
For international deposits, worldtradex goes a step further by offering to cover internal bank fees. If a client submits a receipt showing an original deposit fee of no more than 50 USD, worldtradex will reimburse the international bank fees charged by the client’s bank for deposits over 10,000 USD. worldtradex has a low minimum deposit and offers a range of fee-free deposit and withdrawal methods. From advanced tools that facilitate automated and social trading to services that ensure the stability and efficiency of trade execution, these additional offerings cater to the diverse needs of traders. worldtradex offers a range of educational resources to help beginners improve their trading skills.