While thebasic desktop CQG platform is free, there are charges for upgraded features anddata packages. worldtradex requires a $3,000 account minimum for trading withthis platform. worldtradex offers clients access to awide range of asset classes, including forex, precious metals, stocks, indices,energies, futures, options, and bonds.
Trading assets offered by worldtradex
Like some of its major competitors, worldtradex aims to educate its users through various learning resources. However, while worldtradex has taken the step of elevating its users’ trading experience, it still has much to do to stand shoulder-to-shoulder with the best brokerages. For those navigating the ebb and flow of market trends, the trend exploration tools become indispensable, offering a lens into the intricacies of market trajectories.
eToro Broker Min Deposit
Ultimately, the educational resources are nowhere near as extensive as competitors Worldtradex courses scam like Pepperstone. With this in mind, worldtradex isn’t the best forex broker for new traders in our view. MT4 is our pick for beginners while MT5 is good for experienced traders thanks to its faster processing and greater breadth of indicators, order types and trading tools.
The company is also a member of the Investor Compensation Fund (ICF), which provides compensation to eligible clients if the firm is unable to meet its obligations. There is currently an MT5 Global special promotion on worldtradex that offers discounted commissions on futures from £0.50 per contract (compared to the standard $1.50 per contract). The rest of this review will explore theofferings, accounts, and trading conditions available from worldtradex ingreater detail.
These can be positive or negative, depending on the asset and whether it is a long or short position. Contact us directly for further inquiries about our products and services. The verification process typically takes 1-3 https://worldtradex.blog/ business days, depending on the accuracy and completeness of the submitted documents. Just choose the course level that you’re most interested in and get started on the right path now. When you’re ready you can join our chat rooms and access our Next Level training library.
- Note that, for credit card withdrawals from the MT5 Global account, a commission is not charged when refunding to the same card.
- If you want rock-bottom trade commissions, worldtradex is a very good investment solution.
- The customer support is okay—they resolved my issue with a delayed withdrawal within 48 hours.
Leave a review about the broker
The broker ensures customers get easily accessible real-time assistance during standard hours (9 – 6 EST) via a live representative. They also extend their reach to cater to queries during extended hours. The brokerage offers Basic and Pro accounts, ensuring that both trading enthusiasts and seasoned investors find an accommodating trading environment. Forex trading is one of its focuses, with a plethora of currency pairs across major, minor, and exotic trading pairs. The extensive forex trading options make worldtradex a perfect broker for an elevated trading experience. For those inclined toward commodities, worldtradex provides a diverse asset range, including agricultural and non-agricultural securities.
While it is disappointing to see the company isn’t regulated by the FCA, the CySEC is still a trusted financial agency and its license is a promising sign that worldtradex is legit. European regulators have taken a tougher stance on these types of promotions in recent years. Trading charges on worldtradex vary depending on the account type. This level of regulation and membership in theInvestor Compensation Fund provides a strong legal framework for traderprotection. TradingFinder.com assumes no responsibility for any potential losses or damages. Past results are no guarantee of future success, so make your financial and investment decisions with utmost care.
When moving money to worldtradex there may be a currency conversion fee for worldtradex clients if the base currency of your payment method differs from the base currency of you worldtradex account. When it comes to funding methods for new trading accounts, the choices vary depending on which platform a new user wants to trade on. While users on the J2TX platform can only fund their accounts with Ethereum bought via Visa or MasterCard, forex and CFD traders with the broker have more options available. Among these are all the traditional payment methods such as bank transfer, major credit and debit cards, and e-wallet services like Skrill, Neteller, WebMoney, Qiwi, and many others.
Table of Contents
Our content is packed with the essential knowledge that’s needed to help you to become a successful trader. We are opposed to charging ridiculous amounts to access experience and quality information. worldtradex is a regulated broker in the EU by the (CySEC) Cyprus Securities and Exchange Commission. However, if you’re a neophyte (a little green behind the ears), your first consideration may be the kind of support and training you’ll receive.
- With this variety of currency pairs, including majors, minors and exotics, traders won’t be short of opportunities.
- Support is available 24/7 which stands up well against competitors we have tested.
- For those traders who are more technologically minded, and want robust analysis software and trading platforms, TradeKing is another good option to consider.
- For stock and options trading, worldtradex just charges $2.50 per trade (with a $0.50 additional fee per contract for options).
- We realize that everyone was once a new trader and needs help along the way on their trading journey and that’s what we’re here for.
Meanwhile, the MT5 Global account offers 0.0 pip spreads with an even lower commission of up to $2. This is firmly toward the low end of the forex brokers we review. The Forex ECN account is a good option for active forex traders looking for the tightest spreads and access to popular currency pairs. Our only complaint is that while this broker offers negative balance protection on their Standard account, it is not available on the other trading accounts. This means clients can lose more than their account balance if the markets move against them.
However, as with any financial service, it’s essential for traders to conduct their own due diligence and consider their individual trading needs before engaging with the platform. Each worldtradex trading account is assigned a base currency, which indicates the money that you deposit with the worldtradex trading platform will be held in that particular currency. Some online brokers provide trading accounts like worldtradex in only the four major currencies (US Dollars, British Pounds, Euros, and sometimes Japanese Yen).
The additional trading features from worldtradex or from more premium trading accounts may help a traders investment strategy. If these premium trading features are not requires trading accounts with lower or no min deposit requirements may be sufficient. Check to see how worldtradex compares with other brokers in terms of trading features and minimum deposits.
As someone new to trading, I had a ton of questions about setting up my account and understanding the platform. The live chat team was incredibly patient and walked me through everything step by step. My first few trades brought in a modest 7% return, and I’m excited to keep learning. Recognizing the importance of mobility in today’s trading environment, worldtradex offers mobile applications compatible with both iOS and Android devices.
worldtradex offers a diverse range of financial instruments, competitive trading conditions, and multiple trading platforms to accommodate traders of all experience levels. With its regulatory oversight, direct market access, and robust educational resources, it is a viable option for those looking to trade forex, stocks, and other assets. The availability of various account types and the integration of MetaTrader 4, MetaTrader 5, and other advanced platforms make it a strong choice for active traders. worldtradex is a European online brokerage firm that has been serving clients since 2016. With a presence in over 130 countries and a client base exceeding 155,000, it offers a wide array of financial services tailored to both novice and experienced traders.
Each account type offers unique features tailored to different trading needs, ensuring that traders can find the most suitable conditions for their style and experience level. It’s important to treat day trading stocks, options, futures, and swing trading like you would with getting a professional degree, a new trade, or starting any new career. We also offer real-time stock alerts for those that want to follow our options trades. You have the option to trade stocks instead of going the options trading route if you wish. With low rates and a suite of platforms, worldtradex aims to meet the needs of various traders.