There are more than 30,000 instruments available through various trading platforms and account types. The broker also provides a range of trading platforms including MetaTrader 4, MetaTrader 5, CQG, J2TX, and Sterling Trader Pro. Broker offers professional customer support around the clock.
worldtradex futures and futures options review
With the MT5 Global account, you have access to 50 forex instruments, the Standard account offers 47 pairs and the ECN 45 pairs. With this variety of currency pairs, including majors, minors and exotics, traders won’t be short of opportunities. worldtradex does not charge inactivity fees – a levy we see at many forex brokers we review.
In addition to these platforms, there is also ROX, which provides access to US stocks and options exchanges. Different account types are available for different trader types. For traders that wish to only trade CFDs and FOREX pairs, there’s a dedicated account.
These are stocks that we post daily in our Discord for our community members. However, if you’re a neophyte (a little green behind the ears), your first consideration may be the kind of support and training you’ll receive. A margin account requires a minimum balance of $25,000 to qualify for the Per Share Plan. worldtradex provides a demo for each of the platforms to help you choose. For example, the company offers Sterling Trader Pro, Etna Trading Platform, OEC Trader, and CQG Trader.
Comparing worldtradex fees with other brokers
- The brokerage was launched in 2006 in Washington DC by Success Trade Securities.
- We love the diversity of people, just like we like diversity in trading styles.
- Our experts also factor in their hands-on testing experience into broker ratings.
- This is a good indication that the brand is a large, legitimate brokerage.
- Also, we provide you with free options courses that teach you how to implement our trades as well.
- Investors on worldtradex can put money into investment funds that are managed by other users.
worldtradex offers trading services through Forex and CFD Standard, Forex ECN, and MT5 Global accounts. These accounts have variable spreads from 0.0 pips and trading commissions from $2 per lot. 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.
Traders placing a high volume of positions will also find the fees very reasonable. worldtradex is owned by Lime Trading (CY) Ltd, which is regulated by CySEC and ESMA. It is also a member of Worldtradex scam the Investor Compensation Fund, which provides additional protection to customers should the broker be unable to meet its obligations. Trading hours with worldtradex depend on the market in question. Forex hours are generally Sunday evening until Friday evening, whereas stock markets are often only open during the day, Monday-Friday. Crypto, on the other hand, is active 24/7 due to its decentralised nature.
- Currently employs over 1200 employees and maintains offices in over eight countries including the United States, China, and the United Kingdom.
- The demo account is available to simulate all three types of forex accounts using $100,000 in virtual funds.
- A margin account requires a minimum balance of $25,000 to qualify for the Per Share Plan.
- Our partners cannot influence our reviews, nor can they pay us to bias our rankings.
Just choose the course level that you’re most interested in and get started on the right path now. When you’re ready you can join our chat rooms and access our Next Level training library. Our content is packed with the essential knowledge that’s needed to help you to become a successful trader. We are opposed to charging ridiculous amounts to access experience and quality information. If you’ve looked for trading education elsewhere then you’ll notice that it can be very costly.
Those with uninvested crypto can also deposit this to earn interest payments through staking and lending. Exchange and clearing fees may also apply to specific positions. In addition to commission and spreads, swap rates may apply for positions held overnight.
Leverage
We rank the broker down when it comes to educational resources. There is a blog, an index of financial terms and a collection of research notes (both a subscription and a historical library). It is useful if you don’t have the time or knowledge to make your own trades, though there is no guarantee you will make money.
How To Open A Live Account
The broker’s customer support service starts with a hugely comprehensive FAQ section that tries to answer most of the common platform user queries. Most of the queries on the page touch on the different services offered by the broker, especially the ones that touch on fees, margin trading, and trader platforms. Our UK team takes a methodical approach to reviewing online brokers. Our experts also factor in their hands-on testing experience into broker ratings. worldtradex is regulated in Cyprus, offering more than 30,000 instruments for trading.
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. We are pleased to see that worldtradex offers a free demo account. 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.
worldtradex Deposit & Withdrawal Methods Overview
There are no guarantees or specific guidelines to prevent losses. worldtradex’s web platform allows traders to access their accounts directly through a browser, ensuring easy access without software downloads. With its regulatory oversight, worldtradex offers an additional layer of security to its clientele.
Our review indicates that the brokerage and its trading platforms feature a host of market analysis tools to trade. There also are a host of educational, research, and news resources to help both beginner and expert traders understand and navigate the stock markets. The US brokerage employs a market maker straight-through processing (STP) broker model.
For traders who require a more robust platform, worldtradex offers several options. The brokerage recommends the platforms according to the type of security traded. And under the categories of “stocks,” “options,” “futures,” and “apps,” worldtradex lists the ideal platforms. worldtradex offers traders a robust customer support infrastructure.
New traders can also get started with a low minimum deposit of $100. Brokerage commission equals 0.006 USD per share on US stocks and commissions start from 1.5 USD per trade. worldtradex is a financial services provider operating globally and the broker is regulated in Cyprus. The company was founded in 2007 and since then has managed to attract 155,000 active traders from 130 countries. It’s important to treat day trading stocks, options, futures, and swing trading like you would with getting a professional degree, a new trade, or starting any new career. worldtradex has solid trading platforms and competitive https://worldtradex.live/ commission fees.