Customers can also access a wealth of information on the trading platform, including detailed FAQs and tools for answering questions and explaining diverse trading nuances. The CFD fees are added to the broker’s spreads, promoting a more affordable trading experience for users trading CFDs. Overall, worldtradex is an appealingchoice for traders looking for a reputable broker with a diverse asset rangeand several platform options. It has strong regulatory credentials, other positive user reviews, and has received a number of industry awards.
It is worth noting that worldtradex has a margin call of 100% and a stop-out level that is triggered when your account falls below 50% of the required margin. 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. Contact us directly for further inquiries about our products and services. This level of regulation and membership in theInvestor Compensation Fund provides a strong legal framework for traderprotection. The secure worldtradex back office handles all financial transactions for verified clients. Account verification is mandatory as worldtradex complies with AML/KYC requirements.
worldtradex Account Opening and Verification Guide
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. Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies.
- It’s your gateway to exploring the boundless potentials of the Forex market, making it a seamless and rewarding experience for all.
- The forex broker holds a license with the Cyprus Securities & Exchange Commission (CySEC).
- worldtradex offers traders a robust customer support infrastructure.
- Stock traders will also find a suitable account, but let’s dive deeper and uncover more details.
- In this section we’ll show you how to open a live trading account with worldtradex.
Our Review Methodology
- The Forex ECN account is a good option for active forex traders looking for the tightest spreads and access to popular currency pairs.
- For instant funding, I recommend card payments, which I find easy to set up, while bank wire transfers can take up to 5 days.
- The broker is headquartered in Cyprus and isregulated by the Cyprus Securities andExchange Commission (CySEC).
- This extendedavailability may be a benefit for traders who operate outside of standardbusiness hours.
- With trading platforms compatible with Windows and Mac desktops, worldtradex ensures non-mobile traders have a comprehensive trading experience in the desktop environment.
- This is a good indication that the brand is a large, legitimate brokerage.
Such policies solidify worldtradex’s reputation in the financial trading space. worldtradex doesn’t charge withdrawal fees, but external payment providers may have their fee structures. worldtradex offers a suite of tradable instruments, catering to traders with different all kinds of preferences and methodologies.
Stock CFD trading on worldtradex
Additionally, the broker charges withdrawal fees which vary depending on the method you choose. Many leading forex brokers we evaluate do not charge at all, so this is a negative, especially for traders who make frequent withdrawals. worldtradex offers an unusually wideselection of trading platforms compared to many online brokers. This includesthe well-known MetaTrader 4 and MetaTrader 5 platforms.
Account types available for traders on worldtradex
Our headquarters are strategically situated at the heart of Limassol’s bustling business district. Limassol, the second-largest town in Cyprus, stands as the island’s primary tourist and commercial hub, boasting the largest harbor. This prime location underscores our commitment to offering exceptional service in a thriving financial environment. In essence, worldtradex has a deposit and withdrawal structure prioritizing efficiency with no hidden costs.
worldtradex Review
It segregates client deposits from corporate funds and offers negative balance protection in its standard trading accounts for retail traders. It complies with ESMA guidelines and MiFID II, and the Cyprus investor compensation fund protects deposits up to 90% with a €20,000 limit. My review did not uncover misconduct, scam, or fraud, and I confidently rate worldtradex as a legit and safe Forex broker.
Embark on a journey to invest in a company’s first steps into the public market. Seize this distinctive opportunity to invest in company shares at the offering price, securing your stake before they commence trading on the exchange. This is your chance to be part of a company’s growth story from its nascent stage in the public market.
There is real-time data to help https://worldtradex.world/ with trading decisions, including an economic calendar, market news and information on initial public offerings (IPOs). 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. MT4 is our pick for beginners while MT5 is good for experienced traders thanks to its faster processing and greater breadth of indicators, order types and trading tools. Our testing shows that both MT4 and MT5 support forex trading and provide an excellent suite of technical indicators, charts and analysis tools. Importantly, we find both platforms easy to use with a sophisticated design and a customizable workspace.