Mobile trading enables traders to trade anywhere they are and anytime they want when connected to the internet. This is one of the significant products in the trading industry that traders seek not just for convenience but also to be ankle to track their trades without any hustle. This Mobile Trading App is available on all kinds of platforms worldtradex is offering.
Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Yes, based on your detected country of FI, you can open an account with this broker. worldtradex deploys a hybrid market maker/ECN model with NDD order execution. Ultimately, the best choice of broker aligns with your individual trading needs, objectives, and preferences.
Unique Features
It has auto-open & close positions, advanced tools, and advanced functionality. worldtradex offers its clients the advantage of trading CFDs across forex, equities, indices, commodities, futures, and cryptocurrencies from a single account. This broker promotes fast execution, convenience, and customer satisfaction. Reputation and credibility in trading vary in the products and services offered and executed by an online broker. worldtradex claims to be one of the most reputable Forex Brokers in the trading industry. Does this broker really give the most suitable trading products among global markets?
Inactivity Fee
The license numbers for each entity are readily available, allowing traders to verify the information with the respective regulators. This transparency inspires confidence and demonstrates worldtradex’ commitment to regulatory compliance. According to five leading user-review and broker ranking sites, worldtradex ranks exceptionally well. Traders should always exercise caution when reading user reviews, especially for overly positive or negative remarks. Our in-house research confirms an excellent worldtradex User Experience.
EEA traders get an investor compensation fund limited to €20,000 per client. Conversely, if immediate customer support and prompt withdrawal processing are paramount, you may want to consider these factors closely before making your decision. Beyond external regulations, worldtradex has established internal policies that promote ethical practices and transparency.
- The CFD broker boasts a TrustPilot score of 4.9 out of 5 from 5,478 reviews, indicating high levels of client satisfaction and trust in the broker’s services.
- worldtradex cTrader platform is a cutting-edge digital trading platform that provides a full suite of features that enhance trading experiences.
- The back office makes it easy to request a withdrawal, which takes a few seconds.
- Founded in 2005, worldtradex is an experienced broker with a clean track record.
Here is a screenshot of swap rates at worldtradex for the EUR/USD from the MT4 trading platform. First Prudential Markets LTD remains authorized by the Cyprus Securities and Exchange Commission (CySEC), a leading Forex regulator. Kenyan resident clients will be serviced through through the Kenyan Capital Markets Authority (CMA) regulated subsidiary. As previously mentioned, worldtradex is regulated by ASIC, which imposes strict standards on https://worldtradex.world/ its licensed entities. This includes maintaining sufficient capital reserves, regular auditing, and ensuring transparent reporting practices. This aspect is particularly significant for high-frequency traders who execute multiple trades daily.
There are no internal withdrawal costs at worldtradex, but third-party charges may apply, dependent on the selected method. Processing times also depend on the chosen method, and worldtradex notes one business day for internal processing times. https://worldtradex.blog/ Per AML guidelines, the name on the trading account and payment processor must be identical. From a customer support perspective, worldtradex delivers across the board. Clients may reach out via e-mail, live chat, phone, or the call-back option. A quality FAQ section answers many questions, and most traders may require additional assistance only during emergencies.
MetaTrader 4 platform and MetaTrader 5 platform
This includes MetaTrader 4 (MT4), MetaTrader 5 (MT5), MetaTrader WebTrader, and cTrader. Overall, worldtradex makes it easy to withdraw funds, but traders should check the fees and limits involved to ensure a hassle-free experience when accessing their funds. Withdrawals are processed immediately, but the time it takes for funds to reach the trader’s account depends on the bank or payment provider.
Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. To elevate the trading experience, worldtradex provides its traders with the iressTrader Platform (IRESS).
Additionally, it offers the opportunity to experiment with automatic trading strategies using Expert Advisors, further enhancing the learning and testing experience. worldtradex sets itself apart in the competitive broker landscape with its ECN-style pricing and extensive asset offerings. It’s recognised for providing a variety of trading platforms, including MT4 and MT5, and for its swift execution speeds. Areas we scored worldtradex the highest were excellent customer service (9/10), great educational resources (8/10) and a wide variety of funding methods (8/10). With direct access to liquidity providers and no dealing desk intervention, traders can benefit from the truest market prices.
Processing is typically completed within one business day, but the actual transfer times vary by method. E-wallets are usually the fastest, while bank transfers may take one to five business days, and credit/debit card withdrawals typically require two to five business days. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
Its proprietary app has a nice layout for a new mobile app but lacks the advanced features that I’ve come to expect from the best brokers in this industry. Thankfully, MetaTrader and cTrader platform suites are available as reliable alternatives. I spent the past two months diving into their platform, and let me say, it’s like a candy store for traders.
XTB is one of the leading brokers in the industry and is great for new traders and more experienced people alike. What we particularly like about XTB is their designated and award-winning support for each client. Also, the broker can score with very competitive spread fees and is one of the best choices if the security of your funds is a major concern for you.
In this section, we will examine feedback from users regarding their experiences with worldtradex. While worldtradex provides adequate support through email and live chat, some competitors offer a broader range of contact methods, including phone support. One of the key safety features of worldtradex is its fund segregation practices. Client funds are held in separate accounts with reputable banks, ensuring they are protected even in the event of the broker facing financial difficulties. However, traders should verify the specific regulations affecting their region, as the level of protection and services offered may vary based on jurisdiction. The broker’s longevity signals stability, which many traders find reassuring.