Their website provides information about the broker’s services and terms.This review will look at the unique features and expectations for traders usingworldtradex. These simulation accounts are a great way for beginners to learn more about forex trading without financial risk. They also offer traders the chance to find out if the broker suits their strategy before committing funds.

• The Standard and currency ECN accountsprimarily provide CFDs for currency, precious metals, andstocks/indices/energies.
• Embrace the future of investment with our cutting-edge Robo-advisor, designed to usher you into a new age of investing using state-of-the-art technologies.
• Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies.

Non-Forex Assets

This type of derivative allows traders to go long or short on currencies. CFDs can also be traded with leverage, which increases potential returns (and losses). On a more positive note, our tests show that withdrawal times are in line with competitors, varying between payment methods with e-wallets being instant and bank wires taking up to 5 days. Our review shows worldtradex scores less favorably when it comes to withdrawals. Not all deposit options are available – bank transfers, card payments and some e-wallets such as PayPal are supported.

How To Open A Demo Account

Secondly, the ROX platform is a trading platform aimed mostly at stock and options trading in the US, Canada, Mexico, and several European countries. The ROX platform is available for a minimum deposit of USD 3,000, and all trades made here are for the actual securities (no CFDs), and thus comes with a commission on all trades. The laudable support system is multi-channelled across live chat, email, and phone communication. Customers can also access a wealth of information on the trading platform, including detailed FAQs and tools for answering questions and explaining diverse trading nuances. Details regarding futures trading fees are subject to verification, and potential traders should consult worldtradex’s official platform for accurate, real-time information. Forex trading fees work using spreads to eliminate additional commissions or fees.

The broker is headquartered in Cyprus and isregulated by the Cyprus Securities andExchange Commission (CySEC). worldtradex is a reasonable forex broker for beginners, but not the best we have tested. The $100 minimum deposit is accessible, there is a free demo account and a copy trading app, however there is little in terms of education or beginner-friendly trading tools. Meanwhile, the MT5 Global account offers 0.0 pip spreads with an even lower commission of up to $2. “We have specialized in providing high-tech brokerage solutions,” says Mr. Georgios Argytakis, CEO of worldtradex. The global regulated broker worldtradex has streamlined its operations and significantly expanded its offering with MetaTrader 5 Automations.

Company details

To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. 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. Our testing of worldtradex also shows a good range of supported base currencies, including EUR and USD, making this broker accessible to global traders – removing potential conversion fees.

Non-Trading Fees

Meanwhile, the demo account allows new and experienced traders to practice strategies in a risk-free environment using virtual funds. Lime Trading (CY) Ltd provides clients with direct access to major global stock and currency markets, catering to both individuals and legal entities. Our business, banking, legal, and accounting procedures adhere to the highest European standards, aimed at minimizing investment risk and maximizing reliability and trust. 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.

Be aware, the company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence. Initiating one’s journey with worldtradex is elegantly straightforward and designed with user efficiency in mind. Overnight funding fees and other transaction charges, require detailed understanding on the worldtradex platform. If you leave your account unused over a long period, worldtradex will charge an inactivity fee. So, you want to keep your account active and engaged to avoid withdrawal restrictions.

We are also disappointed by the deposit and withdrawal fees, which can be avoided at other forex brokers we use. First among them, CQG is a platform that is aimed at the more professional segment of the market than MT4/5 and many other typical retail platforms. The platform focuses on options and futures trading via leading international exchanges, and is offered by worldtradex for free for the basic desktop-based version. However, like any financial undertaking, the choice of a broker should be rooted in meticulous research and informed judgment. While worldtradex’s offerings might resonate with many, aligning your unique trading objectives, strategies, and risk appetite with a broker’s features is pivotal. So, before diving into worldtradex’s offerings, evaluate the platform based on your goals and preferences.

Their demo account is a masterstroke, offering a robust training ground for those looking to hone their strategies without financial risks. worldtradex recently improved its demo trading environment with enhanced features, making virtual trading on it more aligned with actual market conditions. These platforms provide traders with a range of trading tools and features to execute their trading strategies effectively across various markets. ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. Before making any trading related decision, contact a local professional financial advisor.

One of the best things about worldtradex in our opinion is the very big selection of trading instruments it offers. And unlike many other brokers, this includes not only CFDs and forex pairs, but also actual futures contracts, options, and stocks that can be traded directly from the relevant exchange. Traders also have the option to open Islamic and demo accounts with worldtradex broker to cater to diverse trading needs. The Islamic account complies with Sharia law by eliminating interest charges, making it suitable for Muslim traders.

• The broker’s trading fees are competitive, making it appealing to both novice and experienced traders.
• Based on our tests, worldtradex is an excellent broker for active forex traders.
• We’ve created a trader-friendly environment with various deposit and withdrawal options, zero deposit commissions, intraday withdrawals, and round-the-clock customer support.
• worldtradex offers a diverse range ofassets, such as currency, bonds, stocks, and futures.

This makes the firm a good option for active forex traders and scalpers in our opinion. worldtradex does not charge inactivity fees – a levy we see at many forex brokers we review. The Forex Standard account offers commission-free trading with spreads from 0.5 pips. This is noticeably tighter than the variable spread accounts Worldtradex cheating at the majority of brokerages. Our research shows that the MT5 Global account is best for experienced traders. Account holders get tight spreads with a very low commission rate, plus access to the powerful MetaTrader 5 platform.

J2T Copy is also available with a low minimum investment of $100, making it accessible to beginners. This copy trading tool allows traders to choose an investment manager to manage their funds and make investments on their behalf. The platform offers clear market data and graphs, though we particularly rate the Excel output option and economic calendar, which are useful for planning trades. There is also the CQG platform with four different solutions that can be used to trade futures and options. The huge range of 35,000+ instruments is a key benefit of opening an account. Our tests show that only a select few brokers, such as Saxo Bank, can rival worldtradex when it comes to the number of trading products.

Lightspeed Trader is a platform designedfor professional traders who prioritize reliable market data, extremely lowlatency, and high performance. The CyprusSecurities and Exchange Commission (CySEC) regulates the broker (license number281/15). worldtradex follows theEuropean Securities and Markets Authority’s (ESMA) regulatory framework andparticipates in the Investor Compensation Fund. These regulatory associationsprovide monitoring and potential protection for traders’ funds. Explore meticulously crafted investment solutions, infused with customizable levels of profitability and protection to align with your unique financial goals and risk tolerance. Navigate your way through transparent, flexible, and diverse investment avenues designed to deliver substantial returns while safeguarding your capital.