Even though I’m not an expert trader, I have an interesting strategy using a mix of MACD and RSI. I’m thinking of becoming a strategy provider.Lastly, it’s crucial for me to trade with narrow spreads, and this platform ensures them from ~1 pip on average. Sometimes they’re wider, sometimes tighter, but it’s okay.Overall, I’m pleased to work with them, tbh. Compared to other brokers reviewed, worldtradex holds a strong position, particularly due to its commitment to regulatory compliance, transparency, and security. The platform’s multilingual support and diverse deposit and withdrawal options further contribute to its appeal.
Withdraw Fees at worldtradex
worldtradex has a rating of 4.5 stars from 78 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with worldtradex most frequently mention customer support, tight spreads and privilege account. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.
I tested worldtradex’s transparency by checking the availability of essential information on the website. Its Client Agreement is easily accessible and pretty exhaustive. All essential safety information is present and written in an easy-to-understand way.
- Known for its competitive spreads, flexible account types, and a robust regulatory framework, worldtradex is a reliable choice for those looking to navigate the financial markets.
- worldtradex offers competitive spreads that can start at 1.5 pips, particularly on its ECN account types.
- In our tests for the Trust category, we also cover factors relating to stability and transparency.
- Whether you are actively trading or holding an account for occasional use, you won’t be charged periodic fees just for maintaining an open account.
This policy encourages traders to maintain regular activity in their accounts but could be a drawback for those who trade less frequently or take extended breaks from trading. As an intermediate trader, I have found this platform to be incredibly reliable and transparent. The pricing is fair, with no hidden fees, and the detailed breakdown of costs really puts my mind at ease. The platform’s stability is top-notch, making it one of the best I’ve encountered. For anyone seeking a dependable and cost-effective trading experience, I highly recommend giving this platform a try.
Additionally, the broker’s multilingual support is available 24/5, and ready to assist traders wherever they experience issues or encounter a lack of clarity. But above that, it actually, cares about how traders view and experience the service. worldtradex has introduced many features that help onboarding and the initial rough patch traders often go through. These materials cover various concepts, from absolute entry-level things to advanced trading concepts. As such, they are a great guide to your trading journey all the way through.
Hi Fouad El Alaoui,We really appreciate you sharing your worldtradex experience with us! Hi Christian Bell,We really appreciate you sharing your worldtradex experience with us! Keep trading gold nonstop and thanks to worldtradex conditions I don’t lose a lot on trading costs.
Deposit and Withdrawal
worldtradex does not charge a handling fee for deposits and withdrawals, though third-party banking fees may Worldtradex official site apply. The broker has also issued a 3% inactivity fee that is charged whenever a client has deposited funds and then requested a withdrawal without having executed a single trade. I found out that the live spreads listed on the website correlate to the actual price quotes on the platform, underpinning worldtradex’s high level of fee transparency.
What are worldtradex trading hours?
This cost-effectiveness, combined with flexible account types, makes it a suitable option for traders with different levels of experience and trading styles. Additionally, worldtradex supports a wide range of payment methods and multiple account currencies, ensuring convenient deposits and withdrawals. Overall, worldtradex is a trading brokerage firm with a solid offering.
What trading platforms does worldtradex offer?
worldtradexs’ support team is responsive and helpful… I appreciate their approach and willingness to help, not only to tick off a request 😀 They guided me through a few account-related issues effectively. However, I feel like the live chat could be faster during peak hours. While some investors might find certain regulatory restrictions, such as lower leverage limits, as a disadvantage, these restrictions are often implemented to protect traders from excessive risk.
My Key Takeaways After Exploring worldtradex’s Tradable Instruments
Contracts for difference (CFDs) are derivatives used to speculate on the underlying asset’s price without physical delivery. For example, a long position on gold would generate profit as the price rises or incur a loss as it falls, all without the need to purchase actual gold bars. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative. worldtradex is still a relatively new broker, having been established just a couple of years ago. Hence, the company is still working on developing a strong brand name that is trusted internationally.
Regulation is a critical factor when choosing a trading broker, as it ensures that the broker operates within a framework of rules and standards designed to protect clients’ interests. worldtradex is committed to maintaining a high level of transparency and security through robust regulatory oversight. Hi Manuel A.,We really appreciate you sharing your worldtradex experience with us! Hi Yahir N.,We really appreciate you sharing your worldtradex experience with us! My overall impression of worldtradex is that its offering is sufficient for the needs of beginners but may fall short for seasoned traders. Compared to the broader industry, worldtradex offers an average amount of share CFDs, and a high amount of FX pairs, commodities, indices, and cryptocurrencies.
It is very useful for making snap adjustments to any open trades. The market is volatile and ever-changing, and staying on top of the latest developments is made easy with the mobile app version of MT4. You can also use the app to place market, limit, and stop orders, as well as to adjust the exposure of your open trades. MetaTrader 4 has many essential features, such as one-click trading, an alarm setting option, and a depth of markets tool. My tests indicate that worldtradex’s trading fees exceed the industry average.
Dear muhammed ,Thank you for taking the time to share your thoughts! We’re thrilled to hear that you’re interested in our bonus offerings. The promotion you mentioned is the 100% Supercharge Bonus, which effectively doubles your trading funds.
- Can’t say much about other stuff, just a good place to trade.
- Unfortunately, you’ll have to pay a bit extra for this premium tool.
- I have compiled the table below to help you better understand the difference between the trading fees on worldtradex’s several account types.
- The main difference is in the spreads, with an average spread of 1.1 pips.
Multiple written and video materials cover essential topics related to technical and fundamental analyses, as well as the psychology of trading. Your account should reflect your goals, needs, and ambitions on the market. You should take into consideration several factors, such as whether the account type has a minimum deposit requirement, its spreads and commissions, the execution method, and more. worldtradex has an attractive offering of high-yield/risk instruments, such as share CFDs and cryptocurrencies.