Whether you’re a seasoned Worldtradex company reviews broker or new to the industry, worldtradex’s IB program offers solid potential for generating revenue and maximizing returns. An Introducing Broker (IB) is an independent broker-dealer that refers new traders to a brokerage firm like worldtradex. IBs earn commissions based on the trading volume of the clients they introduce, making their earnings tied to the success and activity of those traders. worldtradex stands out not only for its wide range of instruments and user-friendly platforms but also for its commitment to innovation and client satisfaction. The availability of market rebates through Introducing Brokers and its global reach make it an attractive option for traders from all walks of life.
- The web terminal is a modern, fast HTML5 application that runs on any computer system without the need to download any additional browser plug-ins and add-ons.
- Broker also allows you to use third party trading robots and automate your own trading plan, which you can implement using MT4.
- Several pages not properly linked to the main site announce the availability of cryptocurrency trading but our reviewer found no contract, spread, or fee information.
- To put bluntly you have done your money and when you complain you get a call no it can’t be stopped but if you deposit some you may get a profit.
ECN and VIP accounts are ideal for more experienced traders, offering lower spreads and additional features such as commission charges. MT4 is undoubtedly one of the most popular online trading platforms, with millions of traders of all skill levels using it throughout the world. It is incredibly user-friendly, offering a plethora of trading tools for effective market analysis and transactions. However, it can still do everything most professional traders would need it to.
- Based on its rating for education and beginners, it provides an average educational experience.
- With MT4 as the core platform, alongside innovative tools like the Webtrader, VPS Hosting, and TradeCopier, traders are well-equipped to navigate the forex and CFD markets effectively.
- The platform allows clients to manage unlimited accounts but as we have said, it is designed for professional traders only.
- Precious metals have always been valuable but their prices are less affected by supply and demand, unlike other commodities.
- worldtradex offers a variety of commodities for trading, including precious metals, energy products, and agricultural goods.
worldtradex provides access to some of the world’s largest and most liquid markets, offering over 500 trading instruments across six asset classes. This diverse selection includes forex, shares, metals, futures, commodities, and indices, all available on a single platform. worldtradex offers a variety of trading accounts tailored to meet diverse trading needs and styles.
Are there any withdrawal fees?
However, its total tradeable symbols are far below the industry average of 3,623. The PMAM platform is designed for professional traders and portfolio managers. It allows for seamless management of multiple accounts, with tools like one-click order entry, live monitoring of forex rates, and transparent activity reports. The platform’s marketing resources, transparent reporting, and customer support make it easy for partners to grow their businesses with minimal upfront costs.
How long does it take for my deposit to be processed?
It is ideal for both novice and professional traders and allows seamless trading across multiple devices. The minimum deposit for opening a trading account with worldtradex varies depending on the account type. Specific amounts are not disclosed in the provided information, but account types like Standard may have lower deposit requirements compared to Premium or VIP accounts. As an IB, you can access a wide range of benefits including high commission rates, marketing materials, dedicated support, and access to worldtradex’s extensive suite of trading tools and products. Additionally, IBs can earn cash rewards through worldtradex’s monthly reward plan based on trading volume and new client sign-ups.
They have user-friendly platforms for all of your devices that you can customise according to your own trading strategies. The integration of Trading Central provides a great way to get access to customised trading signals. The broker also has copy trading solutions for those of you who are looking for a hands-off approach. You will find a good variety of account types to accommodate all sorts of trading strategy, whilst all clients are handled equally. There is plenty of educational content for those of you who are new to trading and also free demo accounts to put what you have learned into practice. I think they could improve by adding support for additional platforms including MT5 but that’s not really a deal breaker from my perspective.
This program offers a lucrative partnership for those looking to grow their business in the forex market. worldtradex employs advanced security measures designed to protect your personal information, funds, and privacy. These measures include encryption, firewalls, and secure login protocols to ensure your account remains safe from unauthorized access.
If your country is not accepted, please feel free to take a look at our broker comparison tool for alternative options. It appeared to be a little bit messy and hard for even guys with XP to make an account choice here. Spreads can start from as low as 0.0 pips for STP/ECN accounts, with other accounts offering floating spreads starting at 1.2 pips. TradeCopier allows users to automatically copy the strategies of top-performing traders. This is beneficial for beginners or those with limited time, and successful traders can earn performance fees by allowing others to follow their strategies.
GO Markets
The broker also provides PMAM accounts for managed trading, TradeCopier service for copy trading, and free VPS hosting for low-latency trading. I have been trying to salvage some of my money ,the so called adivice lose £1000 don’t ask me how and worldtradex won’t say. So I am trying to withdraw the £300 that’s left but can’t.To withdraw you have to close all trades easy. So you go to the withdrawal page peer withdraw processing ok.when you go back to trading platform it’s started trading by its self and you can’t stop.
The broker provides featured trading ideas from Trading Central, offering day traders insights into developing market setups. While it offers a range of supporting tools, it had above-average spreads on instruments like GBPJPY and US30 during my test and lacks an alternative to MT4. worldtradex offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles. Money managers can also benefit from a personal multi-account manager (PMAM) that allows trading of multiple Metatrader accounts. Professionals trading their own accounts may wish to look elsewhere, despite tiered pricing, due to the lack of volume discounts or a proprietary high-end trading platform. Here is my opinion about trading conditions of this broker and how they correspond to my trading.Company provides quite favorable spreads.
Fees, Spreads, and, Commissions
It also offers a variety of trading accounts, most of which have no minimum deposit requirement, and provides excellent conditions for copy trading. worldtradex enables commission-free trading; however, I found that spreads on some popular instruments exceed the industry average. In the UK, worldtradex offers the choice of four account types in multiple base currencies – Micro, Premium, VIP, and Zero fixed. Besides, you can also choose between no commissions, zero spread and absolute zero accounts. Depending on the account type, the minimum deposit could vary from $100- $10,000. The deposit on the micro account is the least and the VIP account the highest.
Whether you are a beginner or a seasoned trader, worldtradex provides account types with flexible leverage, competitive spreads, and no hidden fees for most account types. worldtradex offers a diverse range of trading account types to cater to different levels of traders and their specific trading needs. These accounts come with varying features, such as different spreads, lot sizes, and the option for commission-based trading. Traders can choose between Live and STP/ECN accounts, each designed to suit various trading styles, whether you are a beginner, an intermediate trader, or an experienced professional.
CFDs are available on shares by Walt Disney, Cisco Systems, Facebook, JPMorgan Chase & Co., HP, Apple, HSBC, eBay, Google, Lloyds, Samsung Electronics, Airbus, and many more. The platform is so easy to operate which is something I do not trade for anything and also it’s a good broker with great customer service. The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. I think they could improve by extending support hours to the weekend in order to keep up with competitors such as worldtradex who provide 24/7 support. worldtradex is a global multi-asset CFDs broker and is part of the worldtradex Group which includes several entities including some authorised and regulated by the FCA (UK) and the FSCA (South Africa).
worldtradex offers a wide range of educational resources, including webinars, market analysis, and trading guides, making it a great choice for beginner traders looking to improve their trading skills. The quality of educational content is top-notch, with beginner-friendly guides and advanced resources for experienced traders. Beginners may prefer the Standard account as it requires a lower minimum deposit and offers no commissions.
One of worldtradex’s standout features is its comprehensive and insightful research and educational content. Among the drawbacks I found were the lack of an alternative to the MetaTrader 4 platform and elevated spreads on certain popular instruments, such as EUR/USD and GBP/JPY. Established in 2010 and headquartered in Cyprus, worldtradex is a financial derivatives broker known for its extensive range of trading tools and features.