While designed for stocks, other selected CFD products are also available on the platform. When trading worldtradex commission-free spreads, MetaTrader 4 and MetaTrader 5 are available as trading platform options, and for those located outside Australia and the EU, cTrader is also an option. https://worldtradex.space/ Most of worldtradex’ research is found under the Traders Hub blog section on its website, where it is separated into technical and fundamental analysis.
In our Execution Speeds testing, worldtradex achieved market order speeds of 96ms, better than the industry’s 134ms average, although its limit order speed was slower at 225ms. This approach allows us to provide a transparent comparison of worldtradex against its peers, highlighting its strong position in the forex industry, especially for the EUR/USD pair. Our broker reviews are reader supported and we may receive payment when you click on a partner site. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
Does worldtradex accept Canadian clients?
worldtradex commission fees are competitive compared to other online brokers with similar ECN Account types. As shown in the table below, RAW Account holders pay $3 per side, per 100k traded, while most brokers charge $3.50. worldtradex’ RAW account offers ultra competitive raw pricing, especially for AUD/USD and EUR/GBP, with spreads at 0.20 and 0.30 pips respectively. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Forex and CFD traders will find a versatile, affordable MetaTrader and cTrader offering at worldtradex, but with fewer research and educational content than what is offered by industry leaders.
Mobile Trading Apps
- This focus on educational resources is particularly useful for those aiming to refine their trading strategies and knowledge.
- worldtradex are regulated by tier 1 authorities including ASIC (286354) and CySEC (371/18).
- They offer 12 cryptocurrency CFDs including the major cryptocurrencies such Bitcoin, Ethereum, Ripple etc.
- Additionally, worldtradex ensures the safety of client funds by keeping them in segregated accounts with top-tier banks, providing peace of mind for users.
In all, there are more than 10,000 different financial products for you to choose from, ranging from indices, equities and commodities. I spent the past two months diving into their platform, and let me say, it’s like a candy store for traders. They’ve got everything from the major forex pairs you’d expect (think EUR/USD, USD/JPY) to more obscure minors and even exotic pairings.
CFDs
This includes winning the Most Satisfied Traders award six times, winning the Best Trade Execution award four times and being a winner of the Best Customer Service in the industry. This showcase how much a sterling reputation they have in the brokerage space. Reputable brokers, like worldtradex (ideally), should publicly disclose relevant financial information. While worldtradex doesn’t appear to publish its financial statements directly on its website, they should be readily available upon request.
So, before you get all excited about pulling out your profits, double-check with your bank and worldtradex to avoid any unwelcome surprises. Also, keep an eye out for inactivity fees if you take a long break from trading. These are the silent assassins that can eat away at your profits if you’re not careful. So, after spending two months diving into the worldtradex platform, here’s the breakdown from a trader’s perspective. The broker maintains client funds in segregated accounts, protecting them from operational risks. While European clients under CySEC have the added benefit from the Investor Compensation Fund.
The fees and commission at worldtradex changes depending on what type of account you are signed up to. For example, for a non-leveraged CFD share you will be paying a 0.8% commission and 0.11% for the purchase of a new share. We strongly recommend seeking professional advice or conducting thorough research before making any investment decisions or engaging in derivative product trading. With its advanced features and numerous technical analysis tools, MT5 is the top trading platform for Android. With its advanced features and numerous technical analysis tools, MT5 is https://worldtradex.site/ the top trading platform for iOS.
The minimum deposit requirement for both Standard and Raw accounts with worldtradex is 50 USD/EUR/GBP in Europe and 100 AUD or its equivalent for Australia and international clients. Whether using iOS or Android devices, worldtradex ensures that traders have the critical tools they need right at their fingertips, making mobile trading both efficient and accessible. worldtradex offers competitive no commission spreads, as low as 1.2 pips for the frequently traded EUR/USD forex pair.
It caters to a diverse audience, from beginners to more advanced traders. worldtradex provides access to over 10,000 financial instruments, covering forex pairs, stocks, indices, commodities, cryptocurrencies, and more. The broker supports trading on MetaTrader 4 and 5, cTrader, TradingView, as well as IRESS trading platform for a broader selection of assets, particularly equities. worldtradex is ideal for active traders, offering tight spreads, fast execution, and multiple trading platforms with advanced features. With more than 10,000 assets and low fees, it meets the needs of different types of traders, including those using high-frequency strategies and experienced traders looking for professional tools.
If you are looking to trade stocks outside Australia with worldtradex then you are best to use the MT5 trading platform or consider TMGM who have IRESS outside Australia. The availability of trading platforms for demo accounts may vary depending on your location, but all users have access to demo versions of MetaTrader 4 and MetaTrader 5. Regulated by ASIC and CySEC, and offering international services under offshore regulation, it ensures a secure trading environment. However, traders outside Australia and Europe should be mindful of regulatory differences. worldtradex offers an extensive range of over 10,000 tradeable products across various asset classes including forex, cryptocurrencies, stocks, indices, ETFs, commodities, bonds, and metals.
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