I found that the active TradingView community is very helpful for users to draw inspiration from thanks to features like the ideas stream. worldtradex does not charge any fees for deposits, withdrawals, or account inactivity. In our reviews, we examine the regulatory status of each entity operated by a broker. We rank regulators using a three-tier system, where Tier-1 licensing reflects the highest level of regulation.
- My tests showed that swap fees at worldtradex are average for the industry.
- Dealing online forex brokers, also known as market makers, are brokers that create their own market and act as the counterparty to their clients’ trades.
- worldtradex is overseen by two top-tier financial authorities, being the Australian Securities and Investment Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC) in Europe.
- Suffice to say that our worldtradex review found evidence of a clean track record and a solid reputation as the best forex brokers.
Check your broker’s technical documentation or VPS partnership pages — they’ll often list data center locations like Equinix NY4 or LD4. Knowing where your broker’s servers are hosted can help you choose the VPS provider and location that minimizes latency. If you’re far from your broker’s servers, a VPS hosted near their infrastructure can reduce delays in order execution. This can make a real difference for high-frequency or scalping strategies that rely on precision and speed.
You’ll be prompted to provide your personal details, including your full name, email address, phone number, and residential address. Ensure that the information you provide is accurate and matches your official identification documents. Also, create a username and a strong password for an additional layer of security. You can access the site via your web browser on a computer or mobile device. Alternatively, click on any link we have shared here for quick access.
Its commitment to trader education and unique features, such as comparative analysis and trend exploration tools, enhance its appeal. The broker’s customer support is responsive, while its deposit and withdrawal methods are flexible and secure. It provides a demo account, offering a risk-free environment for practice. Managed accounts are available for those preferring professional management. The broker’s user-friendly interface, educational resources, and demo account make it suitable for beginners.
What demo account does worldtradex offer?
From the popular MetaTrader to the lesser-known but equally scammed by Worldtradex incredible Iress platform has it all. To check out the withdrawal fees that apply to each respective method, check out the details. Compared with brokers on the same level, like worldtradex or XTB, worldtradex performs admirably, for the same pairs, on XTB, you’d pay; $15, $11.1, $10.0 and $6.6 respectively.
Forex Fees
An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. worldtradex stands out for the competitive pricing available to forex traders with its ECN account. However, that pricing is only available with the MetaTrader platform, and worldtradex offers only 764 symbols on MetaTrader 5 (MT5). For example, traders go to brokers who have predetermined buying and selling prices for various currencies and exchange for their preferred currency. These brokers make a profit from the spread, which is the difference between the bid and ask prices, and sometimes from losses incurred by traders when they take the opposite side of the client’s trade.
Average Monthly Branded Searches By Country
- By expanding content, improving organization, and diversifying formats, the broker can continue to empower traders with knowledge, setting itself on par with industry leaders.
- These platforms are renowned for their user-friendly interfaces, advanced charting tools, and customizable features.
- Headquartered in Sydney, Australia, the broker supports multiple platforms, including MetaTrader 4, MetaTrader 5, cTrader, TradingView, Iress, and Mottai.
- The broker started operating after getting an Australian Financial Services License from ASIC (the Australian Securities and Investments Commission).
Our ranking process includes detailed testing of execution speeds in different trading situations to guarantee the precision and dependability of our results. The CompareForexBrokers team created a trading platform selector so you can work out what trading software best matches your trading needs. I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform. Use the calculator below to compare worldtradex’ trading costs with competitors such as Pepperstone and Eightcap, adjusting for trade size, currency pair, and base currency.
What Can You Trade with worldtradex?
worldtradex offers competitive trading fees with variable spreads depending on the account type and market conditions. The Raw Account, ideal for scalpers, offers spreads starting from 0.0 pips. Importantly, worldtradex does not charge commissions on forex trades, enhancing affordability.
Customer Support
The retail and professional Iress accounts cater to experienced traders with a professional-grade platform, DMA access, and a wider range of CFDs on shares available. I tested worldtradex customer service with dozens of queries, ranging from platforms to fees and account-related issues. worldtradex provides 24-hour support from Monday to Friday via live chat, phone, and email. During my two-week testing period, I experienced fast and reliable support via email and chat. Key elements include cutting-edge, highly customizable charts with over 100 indicators and 50 drawing tools, as well as a community of millions of like-minded traders and investors.
From advanced tools that facilitate automated and social trading to services that ensure the stability and efficiency of trade execution, these additional offerings cater to the diverse needs of traders. worldtradex commission fees are competitive compared to other online brokers with similar ECN Account types. As shown in the table below, RAW Account holders pay $3 per side, per 100k traded, while most brokers charge $3.50. There are four main different types of options if you need to get in touch with a member of the FP Market customer support team. There are many different languages that they cater for, such as English, German, Arabic, Spanish, French, Portuguese, Indonesian, French, Malaysian, Thai, Korean and Chinese.
worldtradex delivers a good variety of mobile apps for forex and CFD traders. Its proprietary app has a nice layout for a new mobile app but lacks the advanced features that I’ve come to expect from the best brokers in this industry. Thankfully, MetaTrader and cTrader platform suites are available as reliable alternatives.
Joey Shadeck is a Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. There’s no single “fastest” forex VPS, as speed largely depends on how close your VPS server is to your broker’s infrastructure.
Like futures and other derivative financial instruments, CFDs allow traders to speculate on price movements without owning the underlying asset. The offering is especially strong in the areas of fx pairs and commodities. Note, however, that the majority of CFDs on shares are available via the Iress platform.