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. Leverage at WorldTradex varies based on the regulatory jurisdiction of your account and the type of instrument you are trading. Boost the potential of your trades with leverage for traders of all levels.
Minimum Account Deposit Requirements
This makes it one of the most trusted brokers as far as investor protection is concerned. WorldTradex forex broker also provides comprehensive educational content, low spreads and fees and has high quality account protection; however, there is no investor protection for clients outside the EU. With that said, let us review WorldTradex broker and all the key features of the platform. New traders can benefit from the various educational content available on the company’s website. Beginners also have an opportunity to interact and learn from experienced traders on the broker’s trading platform. When it comes to education, WorldTradex does a great job of teaching both new and experienced traders several strategies and approaches to trading financial markets.
- This regulatory framework ensures compliance with various standards, although local restrictions may apply to residents in specific countries.
- WorldTradex broker allows traders to use MT4 and MT5 platforms because it currently has no proprietary trading platform.
- Fees, on the other hand, are charged for services, such as account maintenance, withdrawals, and deposits.
- At WorldTradex, traders can choose from two trading account types – Ultra Low and Zero.
- You cannot use an MT5 account on the MT4 trading platform, so make sure you create your MT4 account beforehand.
- Some specialize in foreign exchange (forex) trading; while others focus on stocks, options, or other securities.
- Use your Demo Account and test your trading strategies risk-free with virtual funds in a simulated environment.
Trading
In addition to paying commissions, you may have to factor in the cost of spread while trading. WorldTradex Group offers free comprehensive education and research tools for traders including Analyzzer signals, daily technical analysis, market research and daily market commentary. In our opinion, the withdrawal hierarchy process may cause confusion, leading to some of the dissatisfaction, delays, and payment issues mentioned in some of the client reviews. However, in our experience the receipt of funds for the withdrawal to our debit card was within 24 hours. These awards act as indicators for reliability and class, showing how determinedly a broker engages in offering high-standard services aimed at fulfilling customers’ interests fully. It proves WorldTradex’s continuity that has seen it bag many of these esteemed prizes.
Magnify Your Trades
Buy and sell the most liquid currencies, like EURUSD, 24/5 with market-leading execution and conditions. Get started on the MT5 platform effortlessly on your preferred devices. Whether you’re a desktop or smartphone trader, MT5 is just a few clicks away. Whenever you need us we’re just a few seconds away, 24/7, in extensive language options.
- WorldTradex unfortunately cannot accept clients from the residents of certain countries, such as the United States of America, Canada, Israel and Iran.
- This makes it versatile as it permits traders to use various styles of trading to maximize their gains.
- The eligible trading accounts are the micro and standard accounts only.
- WorldTradex is regulated by the Financial Services Commission, Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC).
- With that said, let us review WorldTradex broker and all the key features of the platform.
- These points can be redeemed for trading credit, and they don’t expire.
Fees
Micro and Standard accounts have slightly wider spreads compared to Ultra Low accounts, but both are eligible for the WorldTradex Loyalty Program. WorldTradex Global also provides direct share trading in addition to the previously mentioned assets. Trade with full flexibility on one of many platforms, including the WorldTradex App. Trading Point of Financial Instruments Limited provides investment and ancillary services to residents of the European Economic Area (EEA). Watch educational videos every weekday and upgrade your trading skills.
Futures CFDs are available on several assets including Precious Metals, Palladium and Platinum, Energies, Brent, London Gas Oil, Natural Gas, WTI Oil and WTI Oil mini. Over 1,200 stock CFDs, more than 100 traditional stocks (subject to regional restrictions), 12 turbo stocks (subject to regional restrictions), more than 20 indices, and over 5 commodity CFDs are available. WorldTradex does not offer Multi Account Manager (MAM) or Percentage Allocation Management Module (PAMM) accounts.
Live Education
WorldTradex broker allows traders to use MT4 and MT5 platforms because it currently has https://worldtradex.site/ no proprietary trading platform. You can use either of these two platforms, depending on the asset you are trading. It simply promotes the VPS service (shareable) and the 0% Fees on deposits and withdrawals.