“By automating all routine operations, we’ve eliminated errors related to the human factor,” adds Mr. Argytakis. As a CySEC-regulated broker, the verification process includes a questionnaire that collects data per regulatory requirements enforced by the ESMA. The most ignored trading costs are swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.

  • Operating from Limassol, Cyprus, worldtradex is regulated by respected authorities including CySEC, NFA, and FINRA.
  • Our testing shows that worldtradex offers lower fees than most forex brokers, especially in its premium accounts.
  • The Standard and Forex ECN accounts primarilyoffer CFDs for forex, precious metals, and indices/energies.
  • The registration process and account activation are fully digital, and the broker’s web page is very initiative and user-friendly.

The integration of worldtradex’s institutional services signifies a step towards comprehensive market exploration and diversified asset allocation. worldtradex is a financial services provider operating globally and the broker is regulated in Cyprus. The company was founded in 2007 and since then has managed to attract 155,000 active traders from 130 countries. For investors who want to trade on the go, worldtradex provides a seamless mobile trading experience with dedicated applications for Android and iOS devices.

Clients at worldtradex may engage in IPO investing, a service I like, as it offers clients a chance to participate in high-risk, high-reward investments. API trading is available for demanding traders with custom algorithmic trading solutions. The bulk are equity stocks and CFDs listed on 36 global exchanges, which is an excellent selection. Forex traders get a reasonable selection of 64 currency pairs, and commodity traders can choose from 25 CFDs and futures contracts. worldtradex is a full-service financial brokerage company based out of Cyprus, well known as one of the most popular EU jurisdictions for forex brokers.

Deposit Methods

These insights include daily and weekly reports, as well as in-depth technical and fundamental analysis. By reviewing these reports, traders can better understand the factors driving price movements and adjust their strategies accordingly. worldtradex’s trading academy includes a variety of educational materials, such as video tutorials, articles, and webinars. These resources cover a range of topics, including Forex trading basics, technical analysis, risk management, and advanced strategies.

worldtradex also allows traders to invest in cryptocurrencies such as Bitcoin, Ethereum, and other altcoins. The volatility of the cryptocurrency market presents unique trading opportunities, and the broker gives traders access to this asset class with competitive conditions. worldtradex offers a comprehensive selection of currency pairs, including major, minor, and exotic pairs. Whether you’re looking to trade popular pairs like EUR/USD and GBP/USD or explore more niche options like USD/TRY and EUR/ZAR, the broker provides access to a broad range of currency pairs. “We have specialized in providing high-tech brokerage solutions,” says Mr. Georgios Argytakis, CEO of worldtradex.

Our evaluation of worldtradex shows there are limited trading promotions for retail traders. This is common in the online trading industry, and while it may be a disappointment to some investors, we do not rank worldtradex down for this. Our team don’t recommend traders choose a broker based on sign-up bonuses.

  • On the downside, our research has revealed that swap-free accounts are not available.
  • The IB is a partner that attracts clients for the broker in exchange for a commission for their operations.
  • 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.
  • The broker supports payments through bank wire transfers, credit/debit cards, and e-wallets such as Skrill and Neteller.
  • worldtradex offers a comprehensive selection of currency pairs, including major, minor, and exotic pairs.
  • CQG Trader costs $25 monthly, CQG QTrader $75 monthly, CQG Integrated Client $595 monthly, Sterling Trader Pro, and Lightspeed Trader.

However, the latter may exist on the Sterling Trader platform, where worldtradex claims to grant access to all US equity and options exchanges. I prefer more clarity concerning available assets, as worldtradex does not list sectors besides Forex, metals, stocks, options, futures, bonds, and CFDs. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database.

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worldtradex charges no fees for withdrawals, but like with deposits, third-party payment providers may impose charges. Traders can withdraw funds through the same methods they used to deposit, ensuring a streamlined process. Traders can contact worldtradex’s customer support team via live chat, email, or phone. The live chat feature is available directly on the broker’s website, allowing for quick communication. Email support is also available for less urgent matters, while phone support is ideal for more complex inquiries.

Among the financial service providers, there are fraudsters that we promptly report. Feedback and rankings from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders. This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices. Forex, binary options, cryptocurrency, and Worldtradex website CFD trading on margin involve high risk and are not suitable for all investors and traders.

Account Types

The signals can be received via email or through the broker’s platform, and they offer real-time recommendations on when to buy or sell specific instruments. This service is ideal for traders who do not have the time to perform detailed market analysis themselves. To help traders stay informed and make better trading decisions, worldtradex provides access to market analysis tools.

The platform focuses on options and futures trading via leading international exchanges, and is offered by worldtradex for free for the basic desktop-based version. LightspeedTrader – Lightspeed Trader is designed forprofessional traders who prioritize real-time market data, low latencyexecution, and advanced order types. From on our assessment, worldtradex provides an average offering of market research. There is real-time data to help with trading decisions, including an economic calendar, market news and information on initial public offerings (IPOs).

Does worldtradex Offer Low Forex Trading Fees?

worldtradex is a globally recognized Forex and multi-asset broker that offers traders access to a broad range of financial instruments, competitive trading conditions, and a variety of account types. The broker focuses on providing excellent platforms, advanced trading tools, and exceptional customer support to meet the needs of traders at every level. In this review, we will dive deep into various aspects of the broker, providing detailed insights into its features, strengths, and areas of improvement. worldtradex offers a wide range of trading instruments with sophisticated platform features catering to both trading newbies and market veterans.

The commitment to client security is evident in its provision of segregated accounts, ensuring that the broker separates client funds from its operational finances. To cater to its global clientele, worldtradex offers multilingual customer support. The team is able to communicate in various languages, including English, Spanish, German, and others. This makes it easier for traders from different regions to receive help in their native language. worldtradex hosts regular webinars and live trading sessions, where experienced traders and market experts share their insights on the latest market trends.

Processing times are instant except for bank wires, which take two to three business days. Withdrawal fees and withdrawal processing times depend on the payment processor, which worldtradex transparently lists on its website and in the back office. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. The forex broker holds a license with the Cyprus Securities & Exchange Commission (CySEC). Support is available 24/7 which stands up well against competitors we have tested.

These sessions also provide an opportunity for traders to ask questions and engage with professional traders. Webinars cover various topics, from introductory lessons to more advanced trading strategies. The broker offers regular market insights and analysis to help traders stay up-to-date with market conditions.