worldtradex Review A decent multi-asset broker with the widest range of assets

We know that you’ll walk away from a stronger, more confident, and street-wise trader. Also, the minimum amount to open a future or margin account is $2,500. And for a pattern day-trading account, no surprise here, the minimum is $25,000.

• This is an account for beginners who want to understand how the currency market works, and practice trading without any financial risk.
• The brokerage also offers one of the largest investment offerings we have seen, with 35,000+ instruments, including dozens of currency pairs.
• The deposit minimum is accessible, making the broker a decent option for seasoned and novice traders.
• This includes bank wire, credit/debit card and online payment systems such as Neteller and Skrill.
• Our evaluation of worldtradex shows there are limited trading promotions for retail traders.

For this reason, the indicator is used to assess the French economy. 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. We have members that come from all walks of life and from all over the world.

We love the diversity of people, just like we like diversity in trading styles. worldtradex is a regulated broker in the EU by the (CySEC) Cyprus Securities and Exchange Commission. Second, the Per Share Plan, which caters to high-volume traders, charges tiered rates per share. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.

BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor. Also, it’s worth mentioning that worldtradex has no deposit fees for cryptocurrencies and tokens – there’s but a 3% fee for a bank wire transfer.

Bank wire transfers:

Stocks that cost less than a dollar have a tiny fee of $0.003 per share added for the whole order. While your commissions are not meant to exceed $5.50, they do require a minimum $2.50 commission. In order to facilitate these unlimited trades, worldtradex also offers some fairly workable research tools to go with their existing platform.

worldtradex Forex ECN Account

The transaction fee might not tell you that, though – at 0,35% per transaction, it might seem mediocre, at best. However, this is where you should make sure to read the small print – it’s 0,35%, FLAT! What this means is that the fee is fixed, and won’t be changing around due to some trading volume or any other circumstance. The secure worldtradex back office handles all financial transactions for verified clients. ForexBrokersOnline.com earns money from affiliation deals with our partners.

You can Worldtradex scammers use utility bills or bank statements as proof of residency and a government-issued ID card, passport, or driving license as proof of identity. If you’ve looked for trading education elsewhere then you’ll notice that it can be very costly. Feel free to ask questions of other members of our trading community. We realize that everyone was once a new trader and needs help along the way on their trading journey and that’s what we’re here for. Our watch lists and alert signals are great for your trading education and learning experience.

Overall, I feel that worldtradex are a really good broker with a vast range of trading products and services that can meet the demands of all traders. They have plenty of experience and are regulated which gives me the peace of mind that I can trust them for my daily trading activity. You get to trade on easy to use platforms with all of the tools you need for conducting complex market analysis.

Overnight Funding Fee

worldtradex’s competitive pricing comes with more limited educational content than full-service brokers. Supplement this by extensively using their demo account before risking real capital. Operating from Limassol, Cyprus, worldtradex is regulated by respected authorities including CySEC, NFA, and FINRA. These regulations ensure client protection through mandatory financial compensation schemes and segregated client funds. Your trading capital remains separate from the broker’s operational finances, while advanced encryption methods safeguard your data and transactions.

Retirement account options cover traditional, Roth, rollover, and SEP IRAs. Additionally, worldtradex offers a few mobile apps, including an advanced app for iOS and Android devices and a swipe app. Likewise, the firm offers an iBROKER Mobile App for futures traders.

There’s a Minimum Deposit Amount

After that, you can fill in the rest of your information, including address, date of birth, employment, income, and available funding sources. The whole thing is extremely aboveboard, and you won’t have to go through a very lengthy process. Once your information is entered, just select your account, link it to a funding source, and get started.

First, I needed an honest, realistic, and affordable education in the stock market. I needed to determine the type of trader I’d be before choosing the right broker. In essence, worldtradex has a deposit and withdrawal structure prioritizing efficiency with no hidden costs. Such policies solidify worldtradex’s reputation in the financial trading space. worldtradex doesn’t charge withdrawal fees, but external payment providers may have their fee structures.

• Our only complaint is that while this broker offers negative balance protection on their Standard account, it is not available on the other trading accounts.
• Also makes it possible for its clients to invest and trade more than 3,000 mutual funds listed on its platforms.
• 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 commission-based MT5 Global account.
• Traders should consider potential currency conversion fees and third-party payment processor costs.
• Stock traders will also find a suitable account, but let’s dive deeper and uncover more details.

Now, if you plan on trading cryptocurrencies long-term, that’s not an issue. However, it can still prove to be annoying, granted that many exchanges out there have much smaller requirements, a far as crypto purchases go. worldtradex minimum deposit is a thing, however – and that minimum deposit is $100. In other words, if you’d like to trade cryptos on this platform, you’re going to have to make a worldtradex minimum deposit of 100 bucks. Surely, this is one of the most prominent issues that you’ll probably notice immediately upon visiting the brokerage in question – it’s also among the more-common user worldtradex complaints, too.

Spreads on this account type start from 0 pips with a $2 per lot commission charged. The broker has a huge variety of trading instruments across multiple markets including Forex, Cryptocurrencies, Commodities, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, Futures & CFDs. There is something for everyone to trade with thousands of financial instruments available. You will find everything from major currency pairs to stocks of large companies. You will find that worldtradex have a great variety of flexible and powerful trading platforms suitable for all styles and levels of traders. They offer the MetaTrader 4 (MT5), MetaTrader 5 (MT5), CQG & ROX platforms.