Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have experience trading with worldtradex please share your personal review of the broker and what you think are strong and weak points. Honestly, I was having a lot of doubts before I started working with this brokerage company because I have not heard a lot about them. Anyway, after reading some reviews I decided to give it a shot and signed up for this company. To my surprise everything was better than I expected, I didn’t have any problems with the registration process.

This comprehensive worldtradex review unravels the intricate layers of the broker, exploring its features, pros and cons, regulations, fees, trading tools, and more, to help you make an informed decision. The broker’s strong regulatory oversight by CySEC, MiFID, and MISA, along with client fund security in Tier 1 banks, adds a layer of trust for its users. Whether you are facing technical issues, account-related queries, or need help with your trading platform, worldtradex’s support team is prepared to assist promptly. While the broker does not offer phone support or automated bots, the availability of live chat and email ensures that most issues can be resolved quickly and effectively. This customer-centric approach makes worldtradex a solid choice for traders who prioritize responsive and professional support. They let you open trading accounts quickly, deposit funds, and execute­ trades efficiently.

Fees & Costs

worldtradex provides quality research tools meant to improve traders’ market analysis and decision-making capacity. Although worldtradex’s research products are helpful for traders, they might not be as thorough as those of other top brokers; hence, users should always augment their research with other sources as needed. Also, a recommended minimum deposit of $500 is suggested for those looking to maximize their trading experience and access additional features.

  • These incentives are crafted to reward both new and existing traders, encouraging continuous engagement with the platform and maximizing trading potential.
  • worldtradex welcomes traders from a wide range of countries across the globe, offering its services to a diverse international client base.
  • worldtradex is committed to providing its users with educational resources through webinars, trading guides, and market analysis.
  • worldtradex also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework.
  • worldtradex Broker is based on the ECN/ STP trading solution while all orders are routed and matched in the electronically configured network through the liquidity pools of institutional providers and market quotes.

Alternative Brokers

In addition, the worldtradex’s MT5 platform includes trading alerts, an in-built economic calendar, and the MQL5 programming language to build custom tools and trading robots. The platform is available for PC, macOS, Android, and iOS, enabling better accessibility for traders. Navigating the ever-evolving forex market requires a reliable and competent partner. worldtradex, an established ECN broker, has garnered significant attention for its commitment to transparency, tight spreads, and robust trading conditions.

worldtradex offers 100 tradable instruments that can be accessed via the popular MetaTrader 4 platform. With execution speeds of 60 milliseconds, worldtradex is suitable for high-precision trading. worldtradex places a strong emphasis on technological advancements to provide traders with efficient and speedy trade executions.

worldtradex Account types

Yes, worldtradex is considered safe for traders, thanks to its comprehensive security technologies designed to protect both client funds and personal data. The broker employs SSL encryption to ensure that all data transmitted between the trader and the platform is secure and inaccessible to unauthorized parties. Additionally, worldtradex utilizes segregated accounts to keep client funds separate from the company’s operational funds, providing an extra layer of financial protection. The platform also supports secure payment gateways for deposits and withdrawals, minimizing the risk of fraudulent activities. worldtradex is committed to implementing industry-standard security practices to ensure a reliable and trustworthy trading environment.

The service provider is BeeksFX, but worldtradex clients must have a minimum account balance of $2,500 and a monthly trading volume of 30 standard lots. With no minimum deposit, high leverage, and low trading costs, worldtradex is ideal for beginner traders and demanding seasoned ones alike. worldtradex operates on a spread-only model, with spreads starting as low as 0 on major currency pairs. As this broker offers consistently low spreads, it is possible to enter and exit trades several times a day, to take advantage of even small price swings. Its ECN XL account has no commission, but $5 mark-up per lot applies when you open an account through us.

Plus the spreads are tight.My overall trading experience and profits improve by far just by changing the broker I trade with. worldtradex works very well for intermediate and advanced forex day traders seeking high leverage and tight spreads from a ‘frill-free’ broker. For immediate assistance, worldtradex provides phone support that traders can access during business hours. Phone support is particularly useful for traders who prefer verbal communication and need swift responses to time-sensitive matters.

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  • This obscures price action behavior and makes it more difficult to conduct probing technical analysis.
  • The ECN accounts, in particular, provide direct access to liquidity providers, ensuring competitive spreads and minimal slippage.
  • Deposits using BTC or ETH are processed instantly, meaning as soon as the transaction is uploaded on the blockchain, the trader’s account is credited without waiting for confirmation.

This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.

Our broker ratings are 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.

The broker stands out for extremely low trading fees and a decent range of educational and research materials. The e-wallets Neteller, Skrill, EeziePay and AWEpay are the fastest as they process withdrawals immediately. Crypto withdrawals are also quick as you can expect funds to be transferred within just 15 minutes. However, bank cards and wire transfers take up to five working days.

worldtradex Review 2024: Is it the #1 ECN Forex Broker (Real Talk)

As for the consistency the Broker performs quite good operation along all the years and we didnt find serious breach of rules or fines imposed. In addition, real traders comments (which you may check underneath Worldtradex scammers our review too) are mostly positive and there are many satisfied and happy traders at worldtradex which is another plus to its clarity. Also, an additional International entity worldtradex serves is located in St. Vincent & the Grenadines and newly established Nevis and Mwali branch in Comoros. Being an offshore zones, they do not define strict obligations to its financial registered firms, which may be a risky investment in case the firm is only based there. However, since worldtradex is additionally authorized by the European regulator it is considered to be safe to trade with them. worldtradex Broker is based on the ECN/ STP trading solution while all orders are routed and matched in the electronically configured network through the liquidity pools of institutional providers and market quotes.

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. worldtradex offers various account types for both experienced and new traders. Each account has different minimum deposits, leverage, and the number of trading instruments. All account types include features like hedging, advisors, free VPS (virtual private server), and a personal manager. When you trade with an worldtradex ECN account, you can automatically access multiple currencies like EUR, USD, and GBP with tight spreads starting from 0.01 pips.

Although worldtradex offers necessary teaching tools, traders looking for comprehensive training materials could find the offerings inadequate to acquire advanced trading skills. In this worldtradex review, we examine the broker across key categories, including its accounts and fees, trading platforms, and customer support, to find out how it competes with alternatives. These findings are based on our first-hand experience trading at worldtradex and take into account the overall experience for day traders.

worldtradex Trader offers enhanced features such as one-click trading, advanced charting tools, and real-time analytics, making it an excellent choice for traders seeking a modern and powerful trading interface. The platform is optimized for both desktop and mobile use, ensuring that traders can manage their accounts and execute trades with ease, regardless of their location. worldtradex provides access to the widely acclaimed MetaTrader platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), offering a flexible and comprehensive trading experience. These platforms do not require any downloads; as long as you have a browser and an internet connection, you can access their full functionality.

VPS Sponsorship Program

There is a nice selection of forex eBooks, providing guidance and understanding of the key trading concepts. A great amount of thought was applied into the forex education centre in order to ensure it can help to make a difference and enhance your knowledge of the markets. Professional traders and asset managers with many accounts want solutions that make managing several accounts straightforward and secure. The broker provides the MetaFx MAM (Multi Account Manager) software to multiple account traders and money managers. MAM provides major benefits over competing platforms such as MetaTrader Multi Terminal.