The app improves analytical capacity by supporting several timeframes and graphic types. Though it has most MT4 features, several users observed it lacked the sophisticated tools of more recent platforms like MetaTrader 5. Traders looking for efficiency and adaptability in their trading operations will find the worldtradex MobileTrader app a dependable fix.

This is essentially free credit that can be used for trading purposes, and I was pleased on this occasion that there were no minimum trading requirements. Importantly, all deposits are fee-free, and e-wallets like Skrill and Neteller process within an hour, compared to 5-7 working days for wire transfers. I only really missed having PayPal available since this industry leader is one of the most widely used e-wallets and is accepted by rivals, including XTB and IG. The sign-up process is also pleasingly simple and there is a swap-free solution for Muslim traders available upon request. That said, this broker does implement negative balance protection across both EU and offshore entities, unlike alternatives such as Fusion Markets.

Several special tools and capabilities provided by worldtradex improve the trading experience for its customers. For high-frequency traders especially, the ECN XL account is one of the best options since it has spreads beginning at 0 pips and no commission. Also, worldtradex is a member of the Investor Compensation Fund, which https://worldtradex.pro/ secures the claims of covered clients against a company in case of its insolvency. Negative balance protection provided by worldtradex guards traders from losing more than their account balance.

«Blunt truth about worldtradex broker, time is now»

When making their withdrawals, traders should consider these fees to help them to prevent unanticipated expenses. It’s fine if you want a no-fuss trading experience but seriously lacking in the research tools, analysis features. Like, they dont lure you in with leverage, dont create 15 account types. They dont have their own cooked up half-working trade platform, instead its tried and tested MT4 which is the best trading platform for retail by far.

Welcome Bonus

The most frustrating absence is stocks, which are entirely missing, though traders can at least speculate on stock markets through index CFDs. Withdrawals at worldtradex are also disappointing, with all methods besides cards and wire transfers incurring a percentage withdrawal fee that can reach a hefty 3.4%, depending on the method. Wire transfers incur a $30-$45 flat fee (minimum limit of $500), many times more than the $5 withdrawal fee at eToro. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the ECN XL account. Traders of all levels can deepen their knowledge through a variety of educational resources.

worldtradex Brokerage Fees

This means that clients of worldtradex’s offshore branch won’t get the same level of protection and won’t have access to compensation schemes or trusted regulators if things go sour. Quotes remain sourced from multiple liquidity providers and matched for the best possible execution. We do not provide investment advice or solicitation of any kind to buy or sell any investment products. Trading carries a high level of risk and may not be suitable for all investors.

This convenient support option ensures that traders can continue their activities without significant interruptions, benefiting from the swift and efficient help provided by worldtradex’s knowledgeable support agents. The company is known for its customer-centric approach by delivering competitive pricing with the most favorable trading conditions. To evaluate brokers, we test the accounts, trading tools and services provided.

• However, certain regions may face restrictions due to regulatory requirements or local laws.
• This transparent approach ensures that traders only need to consider the spreads when calculating their trading costs, simplifying expense management without the worry of hidden fees or unexpected charges.
• Please note, some markets may only be available via CFDs or other derivatives.
• It has a nice kit of tools, modern trading conditions, tight spreads and all that.

I still remember the first time I have made a deposit, it went smooth and since then, I do mostly withdrawals. Each one is fast and without issues, so I am grateful for choosing worldtradex. The platform options could be expanded beyond MT4 to include other trading tools like MT5 or cTrader, for instance. Here, is simple, what else https://worldtradex.space/ you may require, if the trading conditions, especially cost of trading is that transparent and affordable.

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Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. worldtradex offers a variety of withdrawal options similar to its deposit methods, including credit/debit cards, e-wallets, Skrill, Neteller, PayPal, and cryptocurrencies. Additionally, bank transfers are available for withdrawals, providing more flexibility for traders. Withdrawal fees may vary depending on the method and region, but worldtradex ensures that they remain minimal. For full transparency, all withdrawal fees are outlined in detail in the table below, allowing traders to review costs before choosing a withdrawal method.

This review explores worldtradex’s features, pricing, regulation, and suitability for various types of traders. Based on our expert opinion, worldtradex Forex broker has been recognized by numerous traders around the world as well by the significant number of awards they receive. worldtradex broker delivers dedicated support by a professional team and a good NDD trading environment based on quality technology, also with a good range of trading instruments and low fees and spreads.