As mentioned above, to withdraw funds, your trading account must https://worldtradex.site/ be validated, so make sure that you have uploaded your documents in the Members Area. Checking this before requesting your withdrawal will save you time and stress. You can then request a withdrawal by logging into the Members Area, selecting the Withdrawal tab and sending a withdrawal request. WorldTradex, like most brokers, will only send your withdrawal back to the original source of deposit.
How to open your broker account
Please consider contacting a professional advisor if you require any financial assistance. If you are eager to test out the trading experience at WorldTradex, you can try opening a Demo account, which takes only a couple of minutes. Meanwhile, those who are ready to trade with real funds can open one of WorldTradex Real Account options.
Spreads are as low as 0.1 on stock CFDs, 0.003 on commodities CFDs, and 0.3 on cash indices. We tested deposits via credit card and found that our payment was processed within an hour, and it took two days for our withdrawal to arrive in our account. We were impressed with WorldTradex’s range of trading instruments, including over 57 Forex pairs, and pleased that it has added cryptocurrencies to its offering. Trading Point MENA Limited is regulated by Dubai Financial Services Authority (DFSA). The broker provides negative balance protection to its clients from EU and Non-EU. The broker does not charge any deposit or withdrawal fees except the deposits made via bank transfers of less than $200.
Trading Products
- On the other hand, as we noticed WorldTradex has a limited portfolio for EU clients, and outside EU clients there is no good investor protection.
- Please bear in mind that these resources provided by WorldTradex do not guarantee any results when trading.
- The broker does not offer cryptocurrencies to trade, neither it allows cryptocurrencies as a mode of payment.
- The platform also offers many educational and research resources, including free access to forex market research, daily forex webinars, and many video tutorials.
- Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors‘ deposits.
- WorldTradex Broker works off of two of the most popular trading platforms – MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Traders can select the swap-free option during registration or request to convert an existing account through customer support, making it easy to trade while adhering to religious beliefs. WorldTradex offers its traders a comprehensive range of educational resources like live education platforms and education rooms, making it easier for newcomers to understand the complexities of trading. The low minimum deposit requirement of just $5 also lowers the barrier to entry. Additionally, beginners can benefit greatly from the demo account provided by WorldTradex. WorldTradex’s comprehensive support extends to both beginners and experienced traders.
Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. We aim to provide you with all the information in this WorldTradex review you need to determine if WorldTradex is the right fit for you. But we don’t stop there – we also offer valuable insights into other great alternatives to WorldTradex, so you can make a more informed decision and compare other brokers against WorldTradex. Compare WorldTradex with the top 3 similar brokers that accept traders from your location. I’ve found WorldTradex’s customer support responsive, helpful, and professional.
These regulatory authorities instill confidence in WorldTradex Broker’s operations, even for the momentum trader. While these might change periodically, examples include a VPS service to increase the speed of your trades. Yes, WorldTradex charges an inactivity fee of $5 per month after 90 days of no trading activity. This fee applies to accounts that have a balance but have not been active in trading or other transactions during this period. To open an WorldTradex account, visit the WorldTradex website and complete the online registration form. You will need to provide basic personal information, select your account type, and verify your identity with the necessary documents.
How WorldTradex Trading Options Compare Against Other Brokers
WorldTradex does not offer Multi Account Manager (MAM) or Percentage Allocation Management Module (PAMM) accounts. Micro and Standard accounts have slightly wider spreads compared to Ultra Low accounts, but both are eligible for the WorldTradex Loyalty Program. Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. WorldTradex is easy to use from the initial set-up, and most users can start using it the same day their account is opened. You can log on with Touch ID, making it quick and easy to access your account.
Global Regulation
Many awards, strong regulations, lots of reviews and everything made me start trading here, even though I wasn’t in search of another broker. So I got deposit bonus when I first signed up, and my trading equity just got bigger, for nothing.. For istance, if I trade often and earn 10 WorldTradexP per lot at my status, I can collect it. Just 1200 mxp will give me 400$ trading credit, which is just a free account with money basically.. Also the profit made there can be withdrawn, so the possibilities here are a lot. In terms of research tools and Market materials, it is in good order at WorldTradex too.
Founded in 2009, WorldTradex has established itself as a global broker offering a comprehensive range of trading services in forex and CFDs. The platform is primarily designed to support traders ranging from beginners to intermediate levels. WorldTradex provides access to over 1,200 financial instruments, including forex pairs, stocks, commodities, and cryptocurrencies, with trading available on the widely used MetaTrader 4 and MetaTrader 5 platforms. The broker offers CFD markets in more than 1,200 financial instruments including Forex Trading, Stock, Commodities, Equity Indices, Precious Metals and Energies.
There is a good range of trading instruments, including forex and CFDs, and plenty of educational materials like webinars and tutorials to help you learn. WorldTradex is regulated, which adds to its credibility, and their 24/7 multilingual support means you can get help whenever you need it, which is a big plus. At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps.
Our receipt of such compensation shall not be construed as an endorsement or recommendation by FxScouts Group, nor shall it bias influence our reviews, analysis, and opinions. Regulation is the most important consideration when choosing a broker. Learn how regulators protect traders and how the Forex market is regulated. FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. We ensure transparency by incorporating regulator data and user insights. Our in-depth reviews consider over 200 metrics across seven key categories.
- The low minimum deposit requirement of just $5 also lowers the barrier to entry.
- We looked at how the WorldTradex trading platform performs in eight critical criteria areas.
- Disappointingly, there’s no support for cTrader or TradingView, the latter of which we’re increasingly seeing being integrated by brokers, including IG and WorldTradex.
- In addition, this research can be filtered by asset class, which is a huge bonus for traders in being able to get to see what they want to see.
- When it comes to customer service and support, WorldTradex is hands-down one of the industry’s leading brokers and we were impressed by WorldTradex’s customer-centric approach to trading.
Well, actually I didn’t even question the fact that payments would be hassle-free here. Speaking of tools and instruments, then there is a surplus of them, definitely not a shortage. It’s noticeable that providing excessive number of tools is their priority. Of all the features there, the live education is my fav, Iget to interact and ask questions. Its impressive structure of analytics and tools improves traders’ trading strategies no matter the trader’s level. WorldTradex is different from competitors because it focuses on trader education, and therefore is suitable to traders with different levels of experience.