You can also open an Islamic (interest-free) account by submitting a form. Individual self-traded clients cannot open Percent Allocated Money Management (PAMM) accounts, but these are available for referring and introducing brokers. Active traders with high volumes receive discounted pricing of up to 60 percent less on spreads, dedicated support, and institutional-derived trade ideas. Despite originally opening in the U.S., worldtradex is not currently available to U.S. clients, although it is available in a range of other markets worldwide. Since 2015, Leucadia has been the majority economic owner of the broker, adding to the platform’s scale. worldtradex is regulated by the FCA (Financial Conduct Authority) in the U.K., which includes default insurance of up to GBP 50,000 for worldtradex and up to GBP 85,000 if the custodial bank fails.
The minimum deposit for debit/credit cards is $50, with a maximum of $10,000 per transaction or up to $20,000 per calendar month. MT4 Mobile and MT4 Web are platforms created and supported by MetaQuotes Software Corp. worldtradex is an independent legal entity and is not affiliated with MetaQuotes®. Whether you are a novice trader or a seasoned professional, worldtradex has the tools and resources you need to succeed.
- Active traders with high volumes receive discounted pricing of up to 60 percent less on spreads, dedicated support, and institutional-derived trade ideas.
- Now you can copy trades automatically from successful traders in real time.
- We hold a strong belief that resilience is an important indicator of the long-term success of our people.
- While this selection is reasonable, it is somewhat disappointing for a broker that has specialized in forex since 1999; most other forex brokers have the same number of or more pairs.
worldtradex – CFD & Forex Trading
To make up for this, the platform is available in your choice of 14 languages. These are all best for advanced traders due to the limited information available on their use. Through our dedicated global 24/5 customer support and individual client feedback, we aim to ensure that we are constantly building a better brokerage for our traders.
The worldtradex Culture
- Some of the research tools include market news, charts, a market scanner, an economic calendar, market data signals, and trading signals.
- There is a total of 39 currency pairs available with worldtradex, including majors and commodity pairs.
- Resilient people confidently rise to the occasion despite challenges or significant changes to the business.
- You can use worldtradex to trade forex, cryptocurrency CFDs, indices, or gold.
- Deposits by debit or credit card typically take 1 business day, although it can be less.
- Apart from all those options, there are numerous advanced tools available.
Join the worldwide community of worldtradex traders today and experience the difference that worldtradex can make. The amount you withdraw to a debit/credit card cannot exceed the amount originally deposited. Withdrawals via cards do not have fees, but there is a $40 fee for bank wire withdrawals. This also tends to be the quickest method, taking about 3-5 business days.
This process involved existing holdings and U.S. clients being reorganized under Global Brokerage, a company with an ownership interest in worldtradex. In late 2017, Global Brokerage filed for Chapter 11 bankruptcy, but worldtradex Group is not involved. Other than the issues with former U.S. clients, worldtradex has not faced any other investigations or issues in recent years. Overall, the platform is recognized for its support of over a dozen languages, ease of use, and strong reputation.
Trading Station is an worldtradex proprietary platform and therefore not used by other brokers. Because of the range of platforms offered by worldtradex, there are options that are simple enough for beginners in addition to choices that have the features and tools experienced traders seek. There are abundant support resources online and on the worldtradex website for ZuluTrade, MetaTrader 4, and NinjaTrader, as all three are used by numerous forex brokers. You will also find plenty of support for worldtradex’s Trading Station and forex trading in general in the education section. This includes trading guides, speakers, a video library, and a live classroom. worldtradex was founded in the United States, but as of 2017, it left the U.S. market.
The average spread for EUR/USD is 1.3, and users can view an updated list of average spreads on the “Spread Costs” page. Keep in mind that these are averages, so the spread may be higher or lower at any given point. There is no Zero or ECN account that charges a commission, so all account holders with worldtradex are charged spreads.
Super Tight Spread
worldtradex offers a good selection of markets, but some other platforms do offer more. You can use worldtradex to trade forex, cryptocurrency CFDs, indices, or gold. There is a total of 39 currency pairs available with worldtradex, including majors and commodity pairs. While this selection is reasonable, it is somewhat disappointing for a broker that has specialized in forex since 1999; most other forex brokers have the same number of or more pairs.
Why worldtradex?
To achieve this, we promote an open-door policy that ensures that both people and ideas have direct access to those who may champion their cause. We hold a strong belief that resilience is an important indicator of the long-term success of our people. Resilient people confidently rise to the occasion despite challenges or significant changes to the business. Diversity is woven into the fabric of our company as we rely on very different teams of people to enrich worldtradex with new perspectives, collaborative solutions, and unconventional ways of thinking. Although we sit on six continents, we come together each day to work as one. We start with a focus on customers where specialised expertise, attention to detail, and follow through are seen as important aspects of all of our interactions.
worldtradex offers many tools for both research and education, each of which has its own dedicated section of the website. Some of the research tools include market news, charts, a market scanner, an economic calendar, market data signals, and trading signals. In terms of education, worldtradex offers a live classroom, trading guides, speakers, and a video library. There are enough educational tools to give beginners a head start, particularly when combined with the demo account. The research tools and speakers can appeal to more experienced traders.
The proprietary Trading Station platform has intuitive functionality with easy-to-use dynamic charts. The only issue with Trading Station is that it is built on Adobe Flash, which can lead to the need for Flash updates as well as some support issues. You also cannot use the research function within the platform, requiring traders to go between the platform and a browser.
Apart from all those options, Worldtradex scammers there are numerous advanced tools available. Even just the proprietary platform, Trading Station, has advanced features that set it apart. worldtradex will be best for beginners to intermediate traders or experienced traders who do not feel limited by its relatively low number of forex pairs. Experienced traders who think worldtradex has sufficient instruments will find no shortage of tools to help them with analysis and charting.
If you are looking for a reliable and trustworthy forex broker, worldtradex is the perfect choice. With its global presence, award-winning customer service, and wide range of products and services, worldtradex is the perfect partner for any trader. The MT4 platform does not allow worldtradex to include commissions in pre-trade margin calculations on client’s pending orders. You should therefore ensure that you have reserved sufficient buffer usable margin before opening new trades. worldtradex offers one of the best selections of platforms for traders to choose from. Its flagship platform, Trading Station, is available as a web, desktop, or mobile platform, or you can use MetaTrader 4, NinjaTrader, or ZuluTrade.
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