worldtradex’s proprietary Trading Station platform is compatible with iOS and Android mobile devices. During our research, we found that the web platform offers a better user experience when compared to the mobile app as you cannot set price alerts or push notifications and 2FA (two-factor authentication) is not supported. In summary, the worldtradex web trading platform is highly customizable, supports heaps of order types, and has a plethora of educational resources from online Live Classrooms, to Free SMS Trade Alerts. Furthermore, CFD traders have the option to either go short or long by speculating on the potential price movements of the underlying asset without actually owning it. worldtradex clients also have the opportunity to choose from top-rated online platforms such as Trading Station, and MetaTrader 4.
User Experience
- They serve as valuable resources for traders looking to make informed trading decisions and, in my opinion, stack up well against the analysis provided by similar brokers.
- The addition of preloaded technical indicators and automated trading strategies means that more experienced traders will also find a lot of value in this platform.
- Consequently, the trading fees are included in the variable spread, which fluctuates throughout the day based on the overall market conditions.
- When it comes to forex trading, compliance and regulation are of utmost importance.
- The actual amount you receive depends on how much you deposit in your first week of trading.
- Whether you are a beginner or an advanced algorithmic trader, worldtradex has plenty of options.
CFD trading is a type of derivatives trading which means that you trade on prices derived from underlying markets. The worldtradex Python package is offered exclusively for the REST API and consists of CFD Python wrappers to simplify algorithmic trading solutions. This broker also provides market data, further supporting third-party automated trading solutions. Entry-level data is free of charge, while premium data comes at a (reasonable) price. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
worldtradex Reviews 606
As well, on my dealing station, all of a sudden the news feed was not populating. Again, I spoke to someone via “chat”named Christian who was extremely helpful, and he went through it with me, not rushing, until I was able to get the news feed repopulated. For instance, let’s say you buy and sell the EUR/GBP currency pair and during a given calendar month you reach $160 million in notional volume traded. As you reach Tier 4, you will earn $20 per million traded, giving you a total rebate of $3,200.
When I placed my own trades, I found that the execution speed was as fast as the broker advertised. And since I count anything under 0.1 seconds as good, this is a big strength of this broker. These currency indices provide a more objective view of a currency’s performance by tracking it against a set of relevant currencies, such as those of key trading partners.
This is heartbreaking platform which…
There are plenty of order types to choose from on the worldtradex platform such as market orders, limit orders as well as some order time limits like GTD and IOC. The entry/maintenance margin is the initial deposit set aside as collateral in order to open and maintain a position. To find the exact amount of required margin to open a position, simply check under the MMR column on the Trading Station platform. For credit cards or debit card, there are no withdrawal fees, but third-party providers or banks may cost up to 40$. worldtradex has an online application form, which is the standard operating procedure. I rank trading costs among the most defining aspects when evaluating a Forex broker, as they directly impact profitability.
Opening An Account
Opening a live forex trading account with worldtradex is a quick and straightforward process. There are no account minimums, enabling traders of all sizes to start their forex trading journey as they see fit. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers.
At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers https://worldtradex.pro/ and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process.
worldtradex commissions and fees summary
As you would expect, worldtradex’s Active Trader account is ideal for active traders as it offers very competitive spreads when compared to the individual standard trading account. For instance, the typical spread for the EUR/USD currency pair is 0.2 pips. Moreover, with crypto derivatives you do not have to worry about cold and hot crypto wallets for storing and holding your digital assets as you are only speculating on the price of the underlying asset. In keeping with its strong reputation as a free trading platform, you can trade cryptocurrency CFDs commission-free with zero exchange fees as the trading costs are built into the spread.
The asset selection at worldtradex remains somewhat limited but sufficient for trading strategies requiring fewer highly liquid assets. It is unfortunate there is not a wider choice of Forex currency pairs as the infrastructure implemented by worldtradex provides excellent trading conditions. Trading with a regulated broker will limit the potential for fraud and malpractice. https://worldtradex.club/ I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. The ZuluTrade peer to peer (P2P) auto trading platform is also offered on site, allowing you to autotrade based on signals issued by your selected traders.
worldtradex maintains an excellent choice of trading platforms with a distinct focus on algorithmic trading. Social traders may connect to ZuluTrade, and worldtradex offers services by TradingView Pro free of charge for one year to all new clients. Trading Station is equipped with a charting package, intensive support for automated trading solutions, advanced indicators, and market data provided free of charge. worldtradex offers traders a few different accounts, with forex and CFD instruments (commodities, crypto and more), leverage, and a truly impressive variety of plugins and accompanying applications.