Recognizing the importance of mobility in today’s trading environment, worldtradex offers mobile applications compatible with both iOS and Android devices. These apps ensure that traders can monitor markets and execute trades on the go. Generally, as with any other platform, users of worldtradex are able t make trades at a frequency suitable for their investment strategies. This is great news for advanced and experienced traders, who want to make sure they have the ability to change their portfolio whenever they want to.

The brokerage recommends the platforms according to the type of security traded. And under the categories of “stocks,” “options,” “futures,” and “apps,” worldtradex lists the ideal platforms. The broker ensures customers get easily accessible real-time assistance during standard hours (9 – 6 EST) via a live representative.

Low Fees

These are really top trading conditions that put them up there with industry leaders such as Pepperstone. I like how there is no dealing desk intervention as this can prevent there being a conflict of interest as there can be when using a market maker broker. You may fund the account via ACH, wire transfer, or account transfer.

I think they could improve further by adding support for some more currencies and crypto deposit like Coinexx. worldtradex offer professional customer support 24/7 via online chat, telephone and email. It was great to see that support is available on weekends as this is not something that all brokers offer and helps them to stand out from the competition. This is a special account for beginners with a lower minimum deposit amount of $100, no brokerage commission and protection against negative balance. Spreads on this account type start from 0.5 pips with no commission charged. Robo-advisor is a globally recognised service that aims to help traders using modern technologies.

Each account type features different commission structures and platform access. When selecting, consider both current trading patterns and your future growth as skills and capital expand. To support traders in making informed decisions, worldtradex offers a variety of educational and research resources. worldtradex provides multiple channels for customer support to ensure clients receive timely assistance. If you want some higher-end customer service to go with your investing solutions, it might be best to try Fidelity Investments.

worldtradex Account Types

• The platform’s user-friendly interfaces, coupled with a variety of educational resources, aim to simplify the complexities of financial markets.
• So, you want to keep your account active and engaged to avoid withdrawal restrictions.
• 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.
• For instant funding, I recommend card payments, which I find easy to set up, while bank wire transfers can take up to 5 days.
• They provide global traders with competitive trading conditions and fees.

On the other hand, traders are charged commissions starting from 3 USD per lot. The available platform is MetaTrader 4 (MT4) and similarly to the Standard accounts, traders have access to hedging, automated trading, and phone trading. The maximum number of available Forex pairs is 47 and traders need to deposit at least 200 USD to be able to open the account type. The broker has a huge variety of trading instruments across multiple markets including Forex, Cryptocurrencies, Commodities, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, Futures & CFDs.

Yes, worldtradex offers demo accounts and setting it up is very simple and easy. The broker immediately gives you access to an MT5 user id and password for the web, desktop and mobile app separately along with $100,000 in virtual funds. worldtradexr, the deep discount broker, has throughout the years been awarded and recognized for its contributions to the online brokerage industry.

It also offers connectivity to key exchanges in Canada, Mexico, andEurope. This provides access to the MetaTrader 5 platform,spreads starting at 0 pips, and a commission of $2 or less. To be fair, that is likely because of the fact that J2T CryptoExchange isn’t primarily a cryptocurrency exchange, but rather a stock-and-other-asset brokerage. They’ve figured out all of the security and certification details a long time ago, and thus, offering fiat-crypto support was likely not an issue.

Feel free to ask questions of other members of our trading community. We realize that everyone was once a new trader and needs help along the way on their trading journey and that’s what we’re here for. Also, we provide you with free options courses that teach you how to implement our trades as well. Our watch lists and alert signals are great for your trading education and learning experience.

Is worldtradex Regulated?

With low rates and a suite of platforms, worldtradex aims to meet the needs of various traders. The first option is Joint with Rights of Survivorship (JTWROS), and the second is with Tenants in Common (JTIC)s, which offers custodial and trust accounts. In this worldtradex review, we’ll cover their platform, what they do, and pricing. This broker is a US deep discount brokerage owned by WhoTrades, Inc., a Russian-owned company in 2015. Retirement accounts accepted are traditional, Roth, rollover, and SEP IRAs. As for entities, worldtradex offers Corporate, Limited Liability, Partnership, and Sole Proprietorship accounts.

Trading and investing in financial instruments comes with a high degree of risk and you can lose money. You should only engage in any such activity only if you are fully aware of the relevant risks. Accounts can be opened in a decent choice of currencies which are EUR, USD, RUB. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

• Additionally, worldtradex offers a few mobile apps, including an advanced app for iOS and Android devices and a swipe app.
• This account is for professional traders, trading through one of the most powerful and modern platforms for Forex and MetaTrader 5 stock exchanges.
• Companies on Trustpilot can’t offer incentives or pay to hide any reviews.
• worldtradex offers its users a wide selection of assets to purchase and trade, in addition to 5 of the main cryptocurrencies.

worldtradex Broker Spreads and Commissions

These simulation accounts are a great way for beginners to learn more about forex trading without financial risk. They also offer traders the chance to find out if the broker suits their strategy before committing funds. worldtradex provides several specialized platforms including Sterling Trader Pro, Etna Trading Platform, OEC Trader, and CQG Trader, along with their proprietary worldtradex Plus platform. This account is for professional traders, trading through one of the most powerful and modern platforms for Forex and MetaTrader 5 stock exchanges. Spreads on this account type start from 0 pips with a $2 per lot commission charged.

We’ve gathered and analyzed numerous worldtradex reviews from both users and industry experts to provide you with a comprehensive assessment of this platform. Our goal is to present balanced insights based on real-world experiences, helping you determine whether worldtradex aligns with your specific trading requirements. Brokerage commission equals 0.006 USD per share on US stocks and commissions start from 1.5 USD per trade. worldtradex is a financial services provider operating globally and the broker is regulated in Cyprus. The company was founded in 2007 and since then has managed to attract 155,000 active traders from 130 countries.

Is worldtradex a good cryptocurrency brokerage?

Their browser-based platform offers free screening tools, real-time data and advanced research that handily beats worldtradex’s. The broker’s customer support service starts with a hugely comprehensive FAQ section that tries to answer most of the common platform user queries. Most of the queries on the page touch on Worldtradex scam the different services offered by the broker, especially the ones that touch on fees, margin trading, and trader platforms.

Their website is well-organized, withinformation readily accessible for prospective traders. Unlike some brokers,worldtradex’s account types are defined by the type of asset traded – forex,stocks and options, futures, or CFDs. They offer a few account types withdiffering market access, fees, and commissions. However, some drawbacks include varying withdrawal fees, a relatively high inactivity fee, and mixed customer reviews on platforms like Trustpilot. Despite these concerns, worldtradex remains a competitive brokerage for traders who prioritize low spreads, direct market access, and a wide selection of tradable assets.