Our broker ratings are https://worldtradex.site/ also informed by the experience of our researchers during the evaluation process. The diversity of financial instruments which this company offers to customers is really huge. They have been running the business for over 14 years, so it seems they managed to add a lot of instruments for all this time. I like how tight spreads they provide on the forex market and the spreads are even more tighter than from other major and famous brokers. The technical support is good and it is noticeable that there are competent guys working.

Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. Compare the markets and instruments offered by worldtradex and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Besides the very frustrating withdrawal charge, worldtradex’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy.

worldtradex is an established broker that’s been offering low-cost online trading since 2010. Registered in Nevis and regulated by the CySEC, it stands out for its ECN trading conditions, no minimum deposit and smooth account opening that takes less than 5 minutes. worldtradex supports the MT4 mobile trading platform that provides excellent trading features you can also enjoy when using the MT4 desktop Worldtradex scammers platform. Not only can you select from a wide range of charting tools and technical indicators with this app, but you also get real time market pricing.

All costs are included in the spread, which starts from 0.1 pips. You can compare the current spreads for the most traded instruments and see how worldtradex spreads stack up against those of BlackBull Markets. Remember to consider worldtradex’s rollover or overnight fee, which applies to positions held for more than a day and varies by instrument. However, trading with an ECN XL Account comes with no swap charges, making fee calculation easier and offering a great benefit.

ECN Forex Trading

I was trading with another broker previously, and after I pressed the buy or sell button, there was a little time to wait for the trade to be executed. So many times my trades were executed at a different price than the one I saw on the chart.Here things are completely different. Plus the spreads are tight.My overall trading experience and profits improve by far just by changing the broker I trade with.

• When used correctly, leveraged trading promotes rapid profit growth and provides more room for portfolio diversification.
• worldtradex ECN XL account holders pay no commissions to trade any supported asset.
• For example, 10 pip move of a mini lot will amount to $10 and 50 pip move of a mini lot will amount to $50.
• worldtradex is also registered in 26 European Union countries under the Markets in Financial Instruments Directive (MiFID).
• Even though a lower leverage requires more funds for placing trades over the market, it will also lower the risk you are facing.

Tools & Features

If you trade using higher leverage ratios, you shouldn’t expect the price will always move in your favour. Quite frankly, excessive leverage power, if poorly applied to your trading technique, can be ruinous. Brokers will allow you to push the leverage limits if you have enough margin in your trading account to cover the exposure.

• One significant advantage is that worldtradex offers a more in-depth introduction to MT4, which many brokers fail to do, and which can truly set traders up for longer-term success.
• worldtradex does not have a proprietary mobile app, though MT4 can be downloaded to Android and Apple devices.
• You can compare the current spreads for the most traded instruments and see how worldtradex spreads stack up against those of BlackBull Markets.
• Investors often use margin accounts when they want to invest in stocks or currencies, using money „borrowed“ from a broker to control a large position starting with minimal capital.

Terms and conditions do apply to this promotion, especially when it comes to making withdrawals, so make sure you read and understand them before making a deposit. New traders have access to fourteen quality educational posts plus a dedicated section on major economic reports. Eleven eBooks complete the education at worldtradex, and the overall product remains impressive. Five MT4 user guides and a Forex glossary section are also available. worldtradex offers beginner traders a sound educational offering from where traders can expand. While an interactive course or videos are not available, the existing content provides a well-thought-through introduction to trading.

The broker may enact a margin call if you don’t ensure enough capital is in your account to keep your trades live and meet the leverage requirements. Your broker is subject to the financial authorities‘ rules where it’s based. Still, the broker might alter its leverage and margin requirements further depending on how volatile a currency pair is.

While clients can access five precious metals contracts, covering gold, silver, palladium and platinum spot markets, there are a mere two energies markets (UK Brent oil and US Crude oil) and no soft commodities. However, profits can only be withdrawn to a bank account or a crypto wallet. Bank transfers are subject to a US$500 minimum threshold and incur fees in excess of US$30. worldtradex’s trading account is also available without a swap, upon request. Open your account online and contact your account manager for more information.

While many forex traders are familiar with the MetaTrader 4 software, which allows for expert advisors that can automate your trades, no other trading platform is offered. If you have a broad range of assets that you trade, such as international stocks, bonds or other equities, you might want to consider an international broker that provides these services. In addition to access to daily market analysis and market education resources, you can get a 100% first deposit bonus of up to $2,000 when you open an worldtradex XL account. If you want to check out this broker’s services and trading platform, just open a free demo account with no minimum deposit.

What leverage should I use for Forex

In addition, both new and existing worldtradex clients can take advantage of a free virtual private server (VPS) for round the clock automated trading. Our License Checker verifies the validity of EU, UK and UAE broker licenses in near real-time. The choice of payment methods depends on the company that you open an account with, and your country of residence. Please visit the company’s website for a list of all payment methods.

worldtradex does not have a proprietary mobile app, though MT4 can be downloaded to Android and Apple devices. The mobile application has proven to be stable and reliable during testing. worldtradex’s limited research and technical analysis tools are disappointing, especially given how useful these tools can be for discovering trading opportunities. 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. 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.

Things to Know About Leveraged Forex Trading

worldtradex offers software that can be downloaded for PC, used as a mobile app for trading on the go, and includes a Multi-Terminal for managing multiple accounts at once. All worldtradex clients can access free trading tools through the Traders Hub, which provides various helpful features. These tools include VPS, SMS notifications, EAs, technical analysis, and trading tools. Additionally, the platform offers interest rates from global central banks. worldtradex provides free VPS (Virtual Private Server) access for stable, fast, and high-performance trading. This dedicated server can handle multiple platforms and accounts, run automated programs, and ensure smooth trading operations.

Yes, worldtradex is regulated by the Cyprus Securities and Exchange Commission (CySEC) and is considered a low-risk trading broker. While St. Vincent & the Grenadines is an offshore zone with less strict financial regulations, worldtradex is still considered safe to trade with due to its authorization by the European regulator. worldtradex is a low-cost brokerage with no commissions and spreads that are generally competitive, especially on currency pairs.

Leverage magnifies the returns from favourable movements in a currency’s exchange rate. Forex traders must learn to manage this force and employ risk management strategies to mitigate potential forex losses. Clients can practise investing on the provided risk-free demo account before committing to a full worldtradex account sign up. Demo users are given 10,000 units of their preferred currency to familiarise themselves with the forex and CFD markets on the MT4 platform. Spreads start from 0.0 pips for the EUR/USD forex pair but are variable and fluctuate throughout the trading day.

Our experts also factor in their hands-on testing experience into broker ratings. Over 70 currency markets are on offer, including major, minor and exotic pairs. My mission with TrustedBrokers is to help you find the right broker for you, whether you’re a beginner or a pro.

There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply. While an worldtradex no deposit bonus does not exist, worldtradex offers a 100% first deposit bonus with a $2,000 limit. Terms and conditions apply, and I urge traders to read and understand them before accepting the incentive.