The broker’s proprietary Trading Station platform is available for iPhone and Android mobile devices. The app features a simple, intuitive interface for entering orders and receiving confirmations, as well as powerful trading tools and charts with access to research. worldtradex also supports the popular MetaTrader4 trading platform, so you can download the MT4 mobile app that is also available for iPhone and Android. They offer traders the possibility to customize trading platforms, and worldtradex offers 35 free plugins.

Regulated By

worldtradex is especially proud of their own Trading Station II (not to be confused with another platform TradeStation). It was built based on the feedback from worldtradex traders and trading data accrued from over 10 years to meet the needs of their clients. worldtradex can be compensated in several ways, which includes but are not limited to adding a mark-up to the spreads it receives from its liquidity providers, adding a mark-up to rollover, etc. If you are a high-volume investor, then the Active Trader account may be for you. This account offers worldtradex’s lowest spreads with the added benefit of discounted commission, dedicated support, and depth of market.

• Their provision of Sharia-compliant shows inclusivity accounts with no exchange costs, which serve the demands of Islamic religion adherents.
• The NinjaTrader platform scored highly in terms of presenting tools in a way that encouraged strategy ideas.
• When it comes to forex trading, compliance and regulation are of utmost importance.
• worldtradex ranks among the most competitive brokers industry-wide, especially for high-volume traders using algorithmic trading solutions.

worldtradex Trading Platforms

The overall lowest spreads are offered by IC Markets in our head-to-head comparison. worldtradex is a global forex provider trading with various worldtradex entities in the UK, Europe, Australia and South Africa. We found that worldtradex has Worldtradex courses scam a simple, helpful account type structure, a hybrid trading execution model and a good range of trading platforms.

For these reasons, I rate Trading Station highly among the dozens of proprietary platforms I have tested. These amounts are the absolute maximum leverage on offer, but they may vary according to the asset traded, with more volatile assets generally providing lower amounts of leverage. Overnight costs are also applied for positions held after 10 pm GMT, but this is industry standard. While not a deal breaker, there is an inactivity fee charged to dormant accounts after 12 months of inactivity. The fee is up to 50 units of the currency your account is denominated in or the balance of your account, depending on which is less.

Trading Fees

Yes, worldtradex is fully authorized under U.S. law and is registered with both the CFTC and NFA. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. Founded in 1999, worldtradex has grown to become one of the leading providers of online trading services in the industry. worldtradex’s offshore entity offers up to $200 as a welcome bonus when you open a live account. The actual amount you receive depends on how much you deposit in your first week of trading. The broker advertises average execution speeds of 0.018 seconds, which makes them very competitive.

• There is a plethora of market research and insights from the experts which can help you to make informed decisions.
• It has all the powerful trading tools for efficient trading and market analysis.
• Learn more about FOREX.com powerful trading platform and how you can get started today.
• The latest version of NinjaTrader features include complex trading tools so that you can conduct in-depth market analysis of all your favourite instruments.
• For a more in-depth look at the accounts available for forex trading, check the worldtradex account types page.

Does worldtradex offer any additional security features for accounts?

worldtradex offers a wide range of instruments, including forex pairs, indices, commodities, stocks, and cryptocurrencies. worldtradex is considered a safe broker due to its regulation by the FCA, ASIC, and FSCA. The broker offers negative balance protection for retail clients and operates with a high level of transparency.

Yes, trading tools and resources are offered specifically for novices, such as basic trading tutorials and demo accounts for practice. This distinctive attribute brings algorithmic trading within reach of a more extensive user base. Furthermore, Capitalise AI’s compatibility with this broker empowers traders to leverage market opportunities through sophisticated yet uncomplicated tactics. It draws many due to the sophisticated automated trade functions supported by Expert Advisors (EAs) and its ability to handle multiple order types seamlessly. The expansive charting selections alongside customizable indicators in MT4 simplify thorough market analysis processes. This setup is especially, useful for those seeking a professional market evaluation by leveraging the collective expertise offered by other traders’ insights and technical analysis functions.

Alternative Brokers

worldtradex add an extra 0.4 pips to the spread for Standard accounts and a $2.00 commission per lot (per side for commission-based accounts in place of overnight fee or swap rates. Use the calculator below to compare worldtradex’s trading costs with competitors such as Pepperstone, Eightcap and CMC Markets, adjusting for trade size, currency pair, and base currency. Our broker reviews are reader supported and we may receive payment when you click on a partner site. In terms of depositing methods, you can expect your very basic and typical methods, including debit/credit cards, e-wallets, crypto, and bank transfers.

There are four ways you can start forex trading and CFD trading with worldtradex. The first is with MetaTrader 4, which we have covered extensively here on PipPenguin. The same layout applies to their indices page, and here you will see that they offer most of the popular indices from around the globe. Understanding leverage for commodities and indices requires you to visit the “margin requirements” page.

worldtradex does provide as many tradable assets as some other major forex and CFD brokers. Still, this leading online broker ranks highly among its competitors due to its impressive number of platform choices, quality research, helpful educational resources and tight dealing spreads. The broker’s intuitive and easy-to-navigate website provides all the information you’ll need to open an account and begin trading in several markets. You can also open a demo account to test the broker’s services and platforms before committing any funds. You can choose among the worldtradex Trading Station, MetaTrader 4, NinjaTrader, ZuluTrade, Capitalise AI and TradingView trading platforms.

Our forex broker comparison tables were constructed from information from providers’ websites or actual trading accounts. This includes an economic calendar, live forex charts, and the latest market news. Our review of worldtradex found that the company offers a straightforward account structure, average spreads, a combination trading execution model, and a good selection of trading platforms. Lastly, trading through TradingView is also an option for clients, but not much information on this is given. However, TradingView is fast becoming one of the most popular online web terminal trading platforms, and many brokers now have accounts linking to it.

This arrangement makes worldtradex a suitable choice for retail traders who might not trade as frequently or with as much volume. worldtradex is suitable for various types of traders, ranging from beginners to experienced ones. The company offers educational courses on FX trading, provides trading tools, proprietary data, and premium resources.

If you wish to call worldtradex, there are 42 country-based numbers one can call from. worldtradex standard spreads generally fall in the midrange when compared with other brokers with the most competitive spreads on offer appearing to be for AUD/USD and USD/JPY currency pairs. Another form of client fund security a reliable forex and cfd broker would offer is the practice of segregrating client funds from those belonging to the broker or firm. This ensures that client funds are free from risks that broker accounts are exposed to.