Yet while we enjoy using these features, our team finds that the depth and quality of market research don’t rival alternatives like IG Group. The broker is also a member of the Investor Compensation Fund, which protects clients with compensation of up to €20,000 in the case of an unresolved dispute with the brokerage. Account verification is mandatory as worldtradex complies with AML/KYC requirements. Most traders will satisfy this by sending a copy of their government-issued ID and one proof of residency document. It should be mentioned that during the registration process, we experienced technical issues. Indices follow the performance of baskets of stocks and are perfect indicators of the health of certain industries or economies.
Non-Trading Fees
The Forex Standard account offers commission-free trading with spreads from 0.5 pips. This is noticeably tighter than the variable spread accounts at the majority of brokerages. Our testing shows that worldtradex offers lower fees than most forex brokers, especially in its premium accounts. worldtradex also offers a professional account for high-volume traders with a minimum deposit of $5000. The key benefits here are access to more than 50 execution routes, as well as powerful trading software like Sterling Trader Pro.
worldtradex does not charge inactivity fees – a levy we see at many forex brokers we review. Global regulated broker worldtradex has significantly expanded the range of instruments available to traders thanks to MetaTrader 5 Automations. Automation has allowed the company to optimize processes, increase the speed and accuracy of operations, and minimize risks. Most importantly, the service allows you to solve more problems without additional resources and time. worldtradex offers 24/7 customer support, but an FAQ section needs to be included. A direct line to the trading desk exists, but I am missing one from the finance department, where most issues can arise.
ForexBrokersOnline.com earns money from affiliation deals with our partners. Our partners cannot influence our reviews, nor can they pay us to bias our rankings. There is also a campaign to become a professional trader which offers a bonus of up to $2000. With that said, there is a ‘Contests’ tab in the broker’s platform which can be monitored for the opportunity to win prizes.
The Islamic account complies with Sharia law by eliminating interest charges, making it suitable for Muslim traders. User experiences with worldtradex’s customer support reveal inconsistencies that appear to depend on the complexity of issues encountered. Standard account questions typically receive prompt responses, while more technical trading problems occasionally generate less favorable reviews. It is a member of the Investor Compensation Fund, which guarantees deposit insurance. To maintain low fees and high liquidity, traders are granted direct access to the markets. For investors who want to trade on the go, worldtradex provides a seamless mobile trading experience with dedicated applications for Android and iOS devices.
Simple platform to trade
I like that worldtradex offers eight trading platforms, which ensures traders and investors get one suitable for their preferred strategy. The choice of trading services is also excellent, offering clients four competitive methods for portfolio management. worldtradex offers a wide range of tradable instruments, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks. There are more than 30,000 instruments available through various trading platforms and account types.
Undoubtedly, fees are going to be one of the most important aspects to look into when trying to decide which crypto exchange or brokerage will suit your wants and needs the best. Coincidentally, one of the first benefits you’ll find mentioned among worldtradex reviews are the fees available with this brokerage. It has strong regulatory credentials, other positive user reviews, and has received a number of industry awards. The demo account is available to simulate all three types of forex accounts using $100,000 in virtual funds. You can set goals such as general savings, retirement or college savings, which makes the tool user-friendly and gives you clear aims. You then choose an investment portfolio and let the robo-advisor provide advice and services.
“don’t withdraw money”
- worldtradex doesn’t charge withdrawal fees, but external payment providers may have their fee structures.
- It is useful if you don’t have the time or knowledge to make your own trades, though there is no guarantee you will make money.
- Overall, the available platforms offered by this broker are great and traders of different needs will easily find what they are looking for.
- So getting to the trading software, we discover 4 platforms that are offered by worldtradex, including market-leading MetaTrader4 and metaTrader5, CQG and ROX.
Yet it doesn’t offer the same user-friendly interface, or have as good a reputation as alternatives like eToro. Other fees to be aware of are the swap fees that are charged on positions held overnight. Traders should also keep in mind that triple rate swap fees are charged on a Wednesday. The secure worldtradex back office handles all financial transactions for verified clients. During my review, worldtradex neither offered bonuses nor promotions; a quality partnership program exists.
What trading platforms are supported by worldtradex?
- For its supporting reason, worldtradex serves and opened representative offices in almost all major locations covering Europe, Asia and American clients’ needs.
- That’s simply the reason why, whilst looking at user worldtradex reviews or the reviews surrounding any other exchange, you should always pay extra-close attention to the security features that it offers.
- worldtradex does not levy internal deposit fees; accepted currencies are USD, EUR, RUB, COP, and MXN.
- They are going to depend on the cryptocurrency of your choice, but are likely to remain super-low, and mostly dependent on the blockchain.
In conclusion to our worldtradex Review, we must say a broker is not only a reliable company, but a broker with great options to choose from. Apart from a choice between industry powerful platforms, account types and execution models, worldtradex maintains low cost trading for your benefit and good. Also, beginning traders or active once may access professional education and information through leading providers. Based on our tests, worldtradex is an excellent broker for active forex traders. Our evaluation has shown high-quality order executions with speeds of 50ms, alongside tight spreads from 0.0 pips. The brokerage also offers one of the largest investment offerings we have seen, with 35,000+ instruments, including dozens of currency pairs.
worldtradex provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards. We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. Our analysis highlights companies that offer optimal working conditions, uphold a strong reputation, and consistently receive the highest number of positive reviews from traders on our website.
There is another company worldtradex.com which is an offshore https://worldtradex.bid/ entity, which we never recommend trading with due to high risks. However, if you’re already an experienced trader who wants to diversify their assets as much as possible, unfortunately, you won’t be able to do so on J2T CryptoExchange. If you’re just starting out with crypto, 5 coins might actually be just enough! This is especially true if you only want to concentrate on the main crypto assets on the market, such as Bitcoin or Ethereum. They have mobile-optimized charts, multiple order types and facilitate one-click trading.
You can also create a demo account if you’re not still sure about the entire process, which will give you a chance to try out the platform at your own pace. With that being said, though, J2T CryptoExchange isn’t a typical crypto exchange – it’s an asset brokerage. Keeping this information in mind, it makes sense that there are multiple other factors that need to be accounted for. J2T CryptoExchange is a certified brokerage platform – it has certifications in the EU, UK, and USA. This simply means that the platform follows all of the necessary security and data protection guidelines, and that it is trusted in the aforementioned regions.
Moreover, traders’ protection also provided by coverage through the compensation fund in case things go wrong with the broker, so you may stay assured of your funds’ safety. At this point in time, you should have developed a pretty good idea of what to expect out of the brokerage in question, and whether or not it will suit your own expectations. Now, if you plan on Worldtradex website trading cryptocurrencies long-term, that’s not an issue.
It’s always best to check directly with worldtradex or consult their terms of service for the most up-to-date information on country restrictions. The verification process typically takes 1-3 business days, depending on the accuracy and completeness of the submitted documents. Accept the terms and submit the form to activate your trading dashboard. To publish a PRO-type review, all fields in the form must be filled out. In order to send a review as a PRO, fill out all fields of the form. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.
The decisive factor appears to be aligning your current trading knowledge, capital availability, and specific market interests with the broker’s strengths. When comparing alternatives, users highlight several key differentiators. On pricing, worldtradex consistently ranks favorably against full-service brokers but faces stronger competition from other discount brokers for lower-volume traders.