The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which worldtradex transparently displays on its website. worldtradex deploys an ECN/STP execution model and does not manipulate quotes. In today’s interconnected digital world, where the internet serves as the backbone of communication and commerce, the threat of online scams looms large. Whether you’re an active trader navigating the complexities of financial markets or a casual user of messaging platforms like Telegram, the risk of falling victim to deceptive schemes is ever-present.
But all these authorities are local and not that well-reputed. We do not understand the brokers need for multiple regulations when it can be regulated by one major and reputed regulatory authority. This creates confusion, and we do not think it is safe to trade with worldtradex. We would advise traders and investors to think twice before they put their hard-earned money in the hands of the broker. With Negative balance protection, traders cannot lose more money than they have deposited. Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature.
How To Make A Forex Trade
Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the ECN XL account. Stay abreast of emerging trends and prevalent scams circulating within online communities and social networks. Educate yourself on common tactics employed by scammers and leverage resources such as fraud prevention websites or consumer advocacy groups to enhance your awareness and preparedness.
- Placing a trade is a quick and straightforward affair that can be completed in a couple of clicks via the ‘Market Watch’ window or even more smoothly by turning on one-click trading.
- It is equipped with useful tools such as advanced charting, and trading strategies, and a nice user-friendly interface.
- The broker has been around since 2010, it has over a decade of industry experience.
- In this worldtradex review, we examine the broker across key categories, including its accounts and fees, trading platforms, and customer support, to find out how it competes with alternatives.
- So take the time to research worldtradex thoroughly and make the most of your online investing experience.
- worldtradex also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework.
- With high-risk leverage, a small sum controls a much bigger financial position.
Trade worldtradex MetaTrader 4 on iOS Devices
Using Autochartist can save worldtradex users time and makes the trading process more efficient. Please be aware that worldtradex does not currently support the MetaTrader 5 (MT5) trading platform. However, if you’re looking for https://worldtradex.world/ a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.
- Traders have access to numerous deposit and withdrawal options at worldtradex.
- So many times my trades were executed at a different price than the one I saw on the chart.Here things are completely different.
- They can give up to $2,000 for the first deposit.Nice to start trading here.
- So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account.
- Wire transfers incur a $30-$45 flat fee (minimum limit of $500), many times more than the $5 withdrawal fee at eToro.
- This app comes equipped with sophisticated charting tools, including 30 technical indicators, 9 different timeframes, and 3 varieties of charts, ensuring a comprehensive trading experience.
So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position. It’s essential to remember that the payment methods provided by worldtradex vary based on the worldtradex entity and the worldtradex client’s country of residence.
I want to know what leverage will i have if i open a trading account here?
We score and compare forex brokers in more than 15 categories. The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures. In addition to the Forex ECN XL trading account, worldtradex also offers a VPS and depending on regulation – first deposit bonus. Clients can trade using a Virtual Private Server, which can give them three main advantages, including accessibility, security, and speed. Regulated by CySEC, worldtradex provides clients with access to a Forex model STP/ECN.
worldtradex Guide – Read our In Depth 2025 worldtradex Review
After extensive research over several years, we have compiled a list of the most effective worldtradex alternatives available today. If you are unsatisfied with worldtradex or want to explore other options, we recommend checking out our carefully curated list of highly-rated worldtradex alternatives. Follow the links below to learn more about these worldtradex broker alternatives and choose the one that best suits your trading needs. While we found the worldtradex phone support satisfactory, there is room for improvement in response time.
Importantly, all deposits are fee-free, and e-wallets like Skrill and Neteller process within an hour, compared to 5-7 working days for wire transfers. The sign-up process is also pleasingly simple and there is a swap-free solution for Muslim traders available upon request. This means that clients of worldtradex’s offshore branch won’t get the same level of protection and won’t have access to compensation schemes or trusted regulators if things go sour. Those looking to trade metals can choose from spot gold, spot silver, and spot palladium, all versus the US dollar or, in the case of spot gold, the euro.
As I wrote here two years ago, the worldtradex broker is one of the best in the market. The only drawback is that it does not support Metatrader 5, which I hope this broker will support this platform as soon as possible. Throughout our comprehensive worldtradex review, we have covered a lot of ground and provided an in-depth analysis of the platform’s features and functionality. However, remember that you won’t be able to make trades on worldtradex until you have passed compliance, which may take several days, depending on your circumstances. It’s essential to complete the worldtradex KYC compliance process as soon as possible to avoid any delays in accessing the worldtradex platform’s features. It’s worth noting that the expiration date of the proof of address document may differ for different entities under worldtradex Brand.
The 70+ currency pairs provide a wider range than many competitors. However, some FX specialists like Forex.com offer thousands of additional instruments, so it’s disappointing to find just 27 non-forex assets on the worldtradex platform. As far as I know the entire information on this matter is provided by the broker on its website. It may take up to 7 business days, because banks, obviously, don’t process transactions on weekends. I’d advise you to pay attention to some other payment methods, they are substantially faster.
worldtradex was launched in 2010 by a group of forex experts aiming to create a competitive and supportive trading experience for clients through transparency and high trade quality. I use worldtradex for forex trading and have been impressed with the huge range of currency pairs, transparent fees and reliable MetaTrader 4 platform. I think the client dashboard and website could do with an overhaul though – they are pretty dated. The very first thing I noticed when I started trading with the ECN XL account was the instant execution.