The key benefits here are access to more than 50 execution routes, as well as powerful trading software like Sterling Trader Pro. Looking at the negatives, worldtradex scores poorly when it comes to education, reducing its suitability for beginners. We are also disappointed by the deposit and withdrawal fees, which can be avoided at other forex brokers we use. Traders should always use appropriate risk management with leveraged trading to avoid magnified trading losses.
- It offers single-window trading,advanced charting tools, and a depth of market feature.
- The platform’s user-friendly interfaces, coupled with a variety of educational resources, aim to simplify the complexities of financial markets.
- We don’t care what your motivation is to get training in the stock market.
- Penny stocks also incur some similarly small fees, which you should consider if you’re contemplating going with worldtradex.
- Overnight funding fees and other transaction charges, require detailed understanding on the worldtradex platform.
In this worldtradex review, let’s look at their fees and commissions. Furthermore, stocks and options are priced according to two different plans. worldtradex offers a compelling combination of competitive pricing, diverse trading instruments, and reliable execution—core elements for successful trading. By understanding the platform’s strengths in cost efficiency and market access while supplementing its educational limitations, you can build a trading approach that leverages the broker’s advantages. To accommodate diverse trading styles and preferences, worldtradex provides access to several robust trading platforms. These platforms are equipped with advanced tools and features to enhance the trading experience.
New York Stock Exchange
They have mobile-optimized charts, multiple order types and facilitate one-click trading. The forex broker holds a license with the Cyprus Securities & Exchange Commission (CySEC). There is also a campaign to become a professional trader which offers a bonus of up to $2000.
The maximum number of available Forex pairs is 47 and traders need to deposit at least 200 USD to be able to open the account type. There are 64 available currency pairs for trading with this broker. However, on Forex and CFD Standard account types, there are only 48 FX pairs.
Always use stop-loss orders to define exit points before entering trades, removing emotional decision-making during volatility. No account maintenance fees apply, though inactive accounts may incur charges. worldtradex is the first Forex broker to obtain a license from the Bank of Russia at the end of 2015. It is one of the few local currency brokers, along with VTB24 Forex and Gerchik & Co, and Alpari, although the latter is a much larger company. worldtradex applies a minimum trade size for all its accounts of 0.01 lots (micro lot). worldtradex is a forex broker located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
worldtradex fees compared to plus500 fees
Unlike some brokers,worldtradex’s account types are defined by the type of asset traded – forex,stocks and options, futures, or CFDs. They offer a few account types withdiffering market access, fees, and commissions. However, some drawbacks include varying withdrawal fees, a relatively high inactivity fee, and mixed customer reviews on platforms like Trustpilot.
For stock and options trading, worldtradex just charges $2.50 per trade (with a $0.50 additional fee per contract for options). Few, if any, of their competitors can boast such incredibly low rates, which contributes further to worldtradex’s focus on high-activity traders. worldtradex offers some of the lowest commission fees you’ll find in the industry, but at what cost? We take a look at worldtradex to see just how well the service itself works in exchange for these discounts.
Is worldtradex a good broker?
- Traders should carefully review these before participating in any promotional offers.
- Our team don’t recommend traders choose a broker based on sign-up bonuses.
- In contrast, the actual trading fees discourage high-frequency trading or scalping.
- Now, I’m getting a tad bit ahead of myself, but when you’ll find yourself registering on the site, you’ll have two options to pick from – either the MT5 platform, or the cryptocurrency exchange.
- For now, it’s worth mentioning that MT5 (otherwise known as the MetaTrader5) is the more-advanced version of MT4 – the most popular and well-known trading interface, to date.
This is a special account for beginners with a lower minimum deposit amount of $100, no brokerage commission and protection against negative balance. Spreads on this account type start from 0.5 pips with no commission charged. MetaTrader 4 is offered with worldtradex’s Standard, Forex ECN, andForex ECN Pro accounts and can be used as a desktop, mobile, or web app.
worldtradex Forex ECN Account
If you’ve looked for trading education elsewhere then you’ll notice that it can be very costly. We have members that come from all walks of life and from all over the world. We love the diversity of people, just like we like diversity in trading styles. worldtradex is a regulated broker in the EU by the (CySEC) Cyprus Securities and Exchange Commission.
All three account types have a minimum lot size requirement of 0.1 lots and five-decimal pricing. Worldtradex official site The commissions of $2.00 to $3.00 per 1.0 standard round lot are highly competitive, but the spreads make short-term trading styles expensive. The Forex and CFD Standard account offers negative balance protection and commission-free trading, unlike the commission-based Forex ECN alternative, where negative balance protection does not apply.
worldtradexFX Review
Also, similar to the copy trading service, there is no guarantee you will make a profit. This copy trading tool allows traders to choose an investment manager to manage their funds and make investments on their behalf. 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. My only criticism is the fees for depositing funds to the ECN account, which don’t stand up against competitors like Pepperstone which doesn’t charge.
Cryptocurrency trading on worldtradex
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. The firm’s commitment to providing direct market access, competitive pricing, and advanced trading platforms has positioned it as a notable player in the global brokerage landscape. I like the worldtradex trading environment for its choice of trading platforms and services, ranking among the best industry-wide.
There is a range of asset management solutions for those who wish to invest their funds in global financial markets, with full control over their investment portfolio. CQG is available in various different high-end terminals both for investors and for speculative traders. This includes CQG Integrated Client, CQG Spreader, CQG QTrader, CQG Trader & CQG Desktop. worldtradex are an international online broker offering a great range of trading products and services. Whatever your interests, there is something for everyone to trade in the way that they want to trade it. The broker has been providing online brokerage services since 2006 and are trusted by 155,000+ clients from 130 countries.