While each analysis is brief, it features all required information for traders to take a position. It also maintains a blog where it publishes market-related content, but the Forex News section does show wide gaps between its posts. With such a useful market analysis, we would love to see the section expanded to other pairs. Also, there are no commissions for trading, deposits, and inactive accounts. worldtradex offers an attractive 100% first deposit bonus to both new and existing clients holding an ECN XL account. As of the latest information available, the company does not offer copy trading or other investment features on its platform.
Copy Trading & Investment Options Offered On worldtradex Broker
Since worldtradex is a regulated and fully compliant broker, new traders must pass account verification per AML/KYC stipulations. A copy of the ID and one proof of residency documents usually satisfies this final step. Also, there are no other fees, including deposit or inactivity costs. worldtradex brings a 100% Start-Up Bonus along with the cashback facilities to trade in the Global Market Place.
Terms and conditions apply to receive it for free as advertised, but all the information is fully transparent and easy to understand. worldtradex has two operating subsidiaries, one authorized by the business-friendly VFSC and one by the CySEC, which operates under the globally least-competitive ESMA regulatory framework. Now, your account is created, and the login details are sent to the provided email.
- Additionally, worldtradex provides educational resources, including webinars and tutorials, to support traders at all levels in enhancing their trading skills.
- worldtradex supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill.
- The ECN accounts, in particular, provide direct access to liquidity providers, ensuring competitive spreads and minimal slippage.
- Besides, there’s an ECN Promo account introduced by the company, but it’s not available yet.
worldtradex strives to provide new and existing real clients various promotional offerings. Everything is created with the client in mind, helping to enhance their trading experience. This company primarily offers one trading account type, the ECN XL account. worldtradex offers traders the core MT4 trading platform without third-party upgrades. worldtradex lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and Brent.
It also operates an unregulated but duly registered subsidiary in Vanuatu, where most international clients trade. While an worldtradex no deposit bonus does not exist, worldtradex offers a 100% first deposit bonus with a $2,000 limit. Terms and conditions apply, and I urge traders to read and understand them before accepting the incentive. worldtradex occasionally introduces other bonuses and promotions, which have included a $50 worldtradex no deposit bonus or annual interest on free margin.
Eleven eBooks complete the education at worldtradex, and the overall product remains impressive. Five MT4 user guides and a Forex glossary section are also available. worldtradex offers beginner traders a sound educational offering from where traders can expand. While an interactive course or videos are not available, the existing content provides a well-thought-through introduction to trading. The service provider is BeeksFX, but worldtradex clients must have a minimum account balance of $2,500 and a monthly trading volume of 30 standard lots.
worldtradex Alternative Brokers & Comparisons
Overall, based on the numbers above, one can say that the brokerage has achieved acceptable scores from users and trust platforms. Based on the information on the website, the support department is available 24 hours, Monday to Friday. Traders looking for a more extensive selection, particularly in stocks or exotic instruments, may find the offering somewhat limited compared to some larger brokers. The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed. Traders have access to numerous deposit and withdrawal options at worldtradex.
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Overall, the asset selection is both impressive and more than ample for new and intermediate traders. Our over 15 years of experience in financial markets and high technical knowledge aid in precise and timely identifications. Our independence from brokers and the companies we introduce, our https://worldtradex.blog/ commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria. These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency. Among the financial service providers, there are fraudsters that we promptly report. Feedback and rankings from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders.
Traders can execute trades with precision, access advanced charting tools, and employ automated trading strategies using Expert Advisors (EAs). In the vast landscape of forex brokers, worldtradex has established itself as a prominent player, known for its commitment to transparency, advanced technology, and a client-centric approach. One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment. worldtradex also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework. New traders have access to fourteen quality educational posts plus a dedicated section on major economic reports.
This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices. Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders. Participating in financial markets involves high risk, which can result in the loss of part or all of your investment. worldtradex places a strong emphasis on technological advancements to provide traders with efficient and speedy trade executions. The broker utilizes cutting-edge infrastructure to minimize latency, ensuring that trades are executed promptly at the desired prices. Clients may also use their Facebook or Google accounts to open an account.
Additionally, worldtradex provides educational resources, including webinars and tutorials, to support traders at all levels in enhancing their trading skills. worldtradex offers a comprehensive range of tradable instruments, including major and minor currency pairs, commodities, indices, and metals. This diversity allows traders to build diversified portfolios and explore various market opportunities, catering to both short-term and long-term trading strategies. worldtradex supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill. Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option. worldtradex transparently provides all necessary information on its website.
The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” worldtradex is an ECN broker and only maintains one ECN account for all clients. It is unique as traders get a commission-free cost structure with raw spreads, an unusual offer, presenting Forex traders with a notable edge. The overall trading environment at worldtradex features a low cost structure and competitive asset selection, . worldtradex lacks more trading tools, like CFDs on stocks for example, which became so popular recent days.
This means that traders cannot be able to earn passive income with this brokerage. The mentioned brokerage offers 1 live account type ECN XL with a swap-free option. worldtradex brand is an international brand that is registered and regulated in various jurisdictions and is committed to offering you the best possible trading experience. Security is a paramount concern for traders, and worldtradex addresses this with a commitment to maintaining a secure trading environment. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), adding an extra layer of credibility and assurance for traders. https://worldtradex.site/ worldtradex holds a regulatory license from the Cyprus Securities and Exchange Commission (CySEC).