If you are ready to join worldtradex and you would like to open a Demo account to practice trading, you can set up your profile in less than 2 minutes. The whole process is extremely simple, requiring very few steps. Trading Point of Financial Instruments Limited provides investment and ancillary services to residents of the European Economic Area (EEA). The phone support is also great and you can access it in various languages.

  • Opening a Real Account with worldtradex, requires following a few simple steps to verify your account.
  • A variety of charts displayed in a window on the right side of the screen provide insight into market data.
  • It offers real-time alerts, charting tools, and complete trading functionality, enabling users to trade and track markets from anywhere.
  • To deposit funds and start trading, I had to complete the standard KYC procedure by submitting Proof of Identity (POI) and  Proof of Residence (POR).
  • worldtradex supports multiple trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader.
  • These can be combined with the technical and market analyses provided daily.

How many clients trust worldtradex Group globally?

Though worldtradex is a highly trusted and regulated forex and CFD broker, it has its strengths and weaknesses. In this review, we will take an in-depth look at worldtradex, exploring its features, pros, cons, and more. By reading this review, you will gain a better understanding of whether worldtradex is the right broker for your trading needs and preferences.

The company keeps clients’ investments in segregated bank accounts and employs advanced security protocols to prevent unauthorised intrusions. The instructional videos, which number close to fifty, cover material spread throughout seven distinct courses. The broker begins by teaching traders the fundamentals https://worldtradex.world/ of forex and CFD trading, and gradually advances them to more complex topics. Furthermore, numerous articles provide in-depth information on various trading issues and general industry standards. Customers who learn best in a live setting have access to complimentary webinar training. Notably, Market Pulse and Strategy Builders are the recent addition to the broker’s educational facility.

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  • One notable fee for less frequent traders is an inactivity fee of $15, charged once after one year of no activity.
  • On its MT4 and MT5 platforms, you can trade over 1,000 forex, CFDs, and even real stocks.
  • Subsequently, you will be charged $5 monthly if this inactivity persists.
  • No matter the issue, they’ve always ensured I get the assistance I need, making trading with them a smoother experience.
  • It has four tiers—Executive, Gold, Diamond, and Elite—with higher tiers offering more points per trade.
  • The platform is highly user-friendly and provides a great search option.

MT4 is well-known for its simplicity and reliability, making it best suited to forex trading. It has robust features such as 60+ technical analysis tools, customizable charts, and support for automated trading via Expert Advisors (EAs). For day traders seeking even lower spreads, the Zero account provides raw spreads from 0.0 pips with a commission of $3.50 per lot per trade. However, a copy trading feature is exclusive to the worldtradex mobile app. Popular crypto pairs are available exclusively on the mobile app, including BTC/USD and ETH/USD. worldtradex’s deposit and withdrawal options are competitive compared to multi-regulated brokers such as IC Markets, Pepperstone, and worldtradex.

Is worldtradex regulated in the USA?

The broker claims to have a wide range of trading instruments and accommodating terms to facilitate retail and professional clients. However, the company lacks competitive variety amid trading platforms. Due to the absence of worldtradex’s proprietary trading platform, clients must go for the industry standard trading platforms like MT4 and MT5. Investors can also use the worldtradex mobile app to trade while commuting. To evaluate brokers, we test the accounts, trading tools and services provided. Over 200 data points are considered, from minimum deposits and trading fees to the platforms and apps available.

Which Brokers Can Accept US Clients?

The process is usually fast and instantaneous and you can immediately start trading with the deposited funds. As with most regulated platforms, worldtradex broker requires your personal information and details while setting up an account. You will need to provide accurate information as these will be verified later using a government-issued ID. However, you need to request the broker to convert your conventional trading account to a swap-free account after signing up since swap-free accounts are not available as a standalone product. worldtradex takes 1 business day to process all withdrawals except for wire transfers.

Like Trustpilot, the FPA community also seems divided concerning signing up with worldtradex. Some clients appraised the broker for having ultra-low spreads and a fast withdrawal process, while others denounced the company for poor trade executions. The minimum deposit to open an account with the broker is $5, and the broker doesn’t charge any fee on deposits. Since third-party payments are not accepted, you must fund your account using the payment source that matches your name.

At worldtradex, traders have the opportunity to explore a wide variety of tradable markets, with popular platforms like MT4, MT5, and the worldtradex App offering access to numerous Forex and CFD instruments. If currency pairs are your preferred market, you can gain great market exposure and trade over 50 currency crosses. Meanwhile, the CFD instruments at worldtradex exceed 1,400 assets, allowing traders to go both short and long, bringing profits no matter the direction of the prices of underlying assets. worldtradex is regarded as one of the most secure brokers as it takes measures to protect users’ funds and privacy. worldtradex does not share the personal information and account information of users. worldtradex Group is licensed by several regulatory bodies, is not publicly traded, and does not operate a bank.

worldtradex is a good choice for beginner and intermediate traders, especially since you can start with just $5, use demo accounts to practice, and have lots of additional resources. While it’s a strong platform, improving some of the issues highlighted by users would make it even better for new traders. If you’re thinking of using worldtradex, just keep these potential challenges in mind and evaluate how they align with your trading goals and risk tolerance. worldtradex Group offers free comprehensive education and research tools for traders including Analyzzer signals, daily technical analysis, market research and daily market commentary. worldtradex provides a variety of account types tailored to different trading needs and experience levels, with availability depending on the regulated region. worldtradex and worldtradex Global offer a variety of trading accounts with variable spreads.

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Additionally, worldtradex supports a variety of other indices such as US30, S&P500, NS100, DAX40, FTSE 100, AUS200, JPN225, making it a comprehensive platform for index trading. worldtradex is an FX brokerage that was founded by Trading Point Holdings in 2009. The broker is globally available and allows traders to buy and sell various financial assets including forex, crypto, metals, and CFDs.