WorldTradex’s commitment to security provides clients with peace of mind, knowing that their trading experience is protected by both global financial regulations and advanced security measures. Known for its award-winning customer service, WorldTradex offers its clients the same top-tier trading experience regardless of account size. WorldTradex Group is a global leader in the trading industry, offering unbeatable trading conditions for millions of clients worldwide. With over 15 million clients from 190+ countries, WorldTradex has established itself as a trusted platform with a commitment to fair, fast, and human-centered services. They have executed over 8.5 billion trades, all with zero requotes or rejections. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.
Trading
- Besides keeping clients’ funds in segregated bank accounts, WorldTradex hosts advanced security protocols, including SSL encryption and two-step authentication preventing unauthorised access.
- According to the posts, the broker follows a dealing desk approach while processing clients’ orders.
- Watch educational videos every weekday and upgrade your trading skills.
- However, the company’s spreads are subject to change depending on your chosen financial instruments.
- The broker charges minimal fees, unlike many other forex brokers on the market.
- WorldTradex is regulated by the Financial Services Commission, ASIC, and CySEC.
Beyond trading fees, I encountered no hidden charges while using WorldTradex. Overnight fees, common in the industry, apply to cash instruments held overnight and are reasonable. The broker also waives deposit and withdrawal fees, although bank transfers might incur a small fee.
Why Trade Forex With WorldTradex?
Clients can trade major forex pairs such as the EUR/USD with a spread from 1.6 pips. On the other hand, the minimum spread to trade precious metals like Gold is 25 pips. Before you can start trading on WorldTradex Forex, you will https://worldtradex.site/ need to verify your account. This involves providing some basic personal information, such as your name, address, and date of birth, as well as submitting some form of identification, such as a passport or driver’s license. It is important to note that WorldTradex Forex only accepts clients from countries where it is regulated, and the United States is one of those countries. Therefore, US traders can verify their accounts without any issues.
- A trader’s confidence can be boosted by listening to WorldTradex’s trading podcast, which features informative and insightful interviews with successful traders.
- The phone support is also great and you can access it in various languages.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- The broker allows you to trade 13+ indices, such as AUS200, EU50, US500, etc.
- Like all other accounts, the share account is also convertible to swap-free Islamic accounts upon request.
- WorldTradex Forex offers several different account types, each with its own unique features and benefits.
Trusted by over 15 Million Traders
One notable fee for less frequent traders is an inactivity fee of $15, charged once after one year of no activity. Following this, a monthly fee of $5 applies if the account remains inactive. The deposit and withdrawal process is generally straightforward and convenient. While international bank wire transfers can take several days depending on the bank, Visa and Mastercard transactions are typically processed instantly. It allows you to practice trading with €/$/£10,000 in virtual funds and various leverage ratios. Boost the potential of your trades with leverage for traders of all levels.
Customer Service and Support Features
Even if you trade with micro lots, a trade of 0.01 lots will indicate placing an order of 1,000 units of your base currency. That is why we recommend making bigger deposits to fund your trading accounts with sufficient amounts. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he’s on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage. When it comes to education, WorldTradex does a great job of teaching both new and experienced traders several strategies and approaches to trading financial markets.
Yet while WorldTradex provides a range of features for beginners, it’s worth noting that it lacks a proprietary trading platform explicitly designed for novice traders. Another helpful feature is MT4 MultiTerminal, allowing experienced traders to manage multiple client accounts simultaneously. While it may offer fewer commodities and cryptocurrencies than some market leaders, its overall offering remains competitive, particularly with its extensive stock CFDs and currency pairs.
Which Brokers Can Accept US Clients?
If you have traded with WorldTradex we would really like to know about your experience – please submit your own review. This average customer rating is based on 24 WorldTradex customer reviews submitted by our visitors. Compare the markets and instruments offered by WorldTradex and its competitors. Please note, some markets may only be available via CFDs or other derivatives.