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.
- Dealing spreads for forex pairs and CFDs can vary from 0.0 pips upwards depending on the liquidity and trading volume of the asset involved.
- 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.
- Overall, the asset selection is both impressive and more than ample for new and intermediate traders.
- Quotes remain sourced from multiple liquidity providers and matched for the best possible execution.
Web Trading Apps
However, the selection falls short of the comprehensive educational offering available from best-in-class brokers like eToro, limiting the brokerage’s appeal to beginners. In our experience, the 0.2-pip average spread on EUR/USD is far tighter than most commission-free accounts, which regularly charge 1 pip or more for this major pair. worldtradex offers a decent selection of payment methods including standard card and wire transfers as well as crypto and e-wallet solutions. This is a convenient range and I was especially happy with the inclusion of crypto payments as these are highly flexible and should work for traders based almost anywhere. worldtradex places a strong emphasis on technological advancements to provide traders with efficient and speedy trade executions. The broker utilizes cutting-edge infrastructure to minimize latency, ensuring that trades are executed promptly at the desired prices.
This average customer rating is based on 30 worldtradex customer reviews submitted by our visitors. Compare the markets and instruments offered by worldtradex and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Compare worldtradex with the top 3 similar brokers that accept traders from your location.
Withdrawal Fee
- This account features spreads starting from 0 with no trading commissions, providing a cost-effective trading environment.
- The company has a license from at least one reputable regulatory body, such as the CySEC, and ensures compliance with industry standards and safeguarding client funds.
- It also operates an unregulated but duly registered subsidiary in Vanuatu, where most international clients trade.
- worldtradex was launched in 2010 by a group of forex experts aiming to create a competitive and supportive trading experience for clients through transparency and high trade quality.
- 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.
worldtradex lacks more trading tools, like CFDs on stocks for example, which became so popular recent days. One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment. worldtradex also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework. worldtradex provides clients with daily technical analysis for the EUR/USD, GBP/USD, and USD/JPY. While each analysis is brief, it features all required information for traders to take a position.
It is the feature of honesty in terms of pricing and execution that makes the customers interested and votes with plentiful positive reviews and ratings. worldtradex provides access to the widely popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for its reliability and advanced trading features. The platform supports seamless trading across multiple asset classes, including CFDs, forex, and cryptocurrencies, ensuring flexibility for various types of traders.
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worldtradex lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and Brent. Overall, the asset selection is both impressive and more than ample for new and intermediate traders. The company has a license from at least one reputable regulatory body, such as the CySEC, and ensures compliance with industry standards and safeguarding client funds. Its regulation contributes positively to its ratings for credibility and security. Live Averaged Spreads and Commissions of worldtradex Trading Broker Accounts.
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On the downside, worldtradex’s high fees for most withdrawal methods are a disadvantage. The $30 – $45 charges are way above brokers such as eToro, which only charges $5, and many brokers we evaluate that offer free withdrawals. During tests, https://worldtradex.online/ the EUR/USD came in at 0.1 pips, which is tighter than rivals like worldtradex with its 0.6 pips on the same pair. Spreads on other key currency pairs are also competitive, coming in at 0.5 pips on the EUR/GBP and 0.7 pips on the GBP/USD.
I have already managed to withdraw the first profit, and the process went without delays. I would also like to note low spreads and swaps – it is noticeably more favorable than many other brokers I’ve encountered before. Plus there is a nice bonus, which was an unexpected but very pleasant addition.So far my impressions are very positive. I can safely recommend worldtradex to those who are looking for a reliable broker with good conditions.
worldtradex Deposits and Withdrawals
The ECN execution model and zero commissions make worldtradex appealing to traders looking for transparent trading conditions. However, it’s worth noting that the $100 minimum deposit might be a barrier for some beginner traders. It’s also important to pay attention to the available platforms and their functionality. The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures. You can even get a VPS service for free to keep your automatic trading bots running smoothly if your own Internet is spotty.
EEA-based traders manage their portfolios from a subsidiary that is authorized by the Cyprus Securities and Exchange Commission (CySEC). The Cyprus Investor Compensation Fund (ICF) protects retail trades in the event of insolvency up to €20,000. Client deposits remain segregated from corporate funds at both entities with leading international banks, but worldtradex does not list them. Clients can find the provision in the Investment Services General Conditions PDF. worldtradex has a clean regulatory track record and established itself as a secure and trustworthy broker. Holding over 16 years of experience in global financial markets, and 4 B.A.
Forex Broker’s Bonuses
DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. 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.
ECN/STP Execution
Security is a paramount concern for traders, and worldtradex addresses this with a commitment to maintaining a secure trading environment. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), adding an extra layer of credibility and assurance for traders. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements.
The broker uses a price aggregator to ensure that counterparty orders use the best bid and ask prices currently available. The European branch is licensed by the CySEC, a reputable regulator, and the brokerage has earned a good reputation with over 10 years in the business. I find worldtradex’s in-house forex market hours tool a handy way to check holidays and other events that could impact trading hours. To avoid these charges, I recommend using Visa or Mastercard bank cards, as I found these do not incur a fee. We are also disappointed with worldtradex’s monthly inactivity fee of $5, imposed when your account is not funded or you execute no trades over a period of 120 days.
The company providing very good spread conditions with Commission $0. worldtradex offers a variety of convenient deposit and withdrawal methods to accommodate traders’ needs. Once these scammed by Worldtradex steps are completed, traders can access their account and begin trading immediately.
