Before opening an account with worldtradex, compare the best brokers in Canada. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored https://worldtradex.club/ over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Yes, based on your detected country of FI, you can open an account with this broker. A healthy mix of opinions can paint a more realistic picture than just glowing testimonials.
worldtradex impresses with its user-friendly trading platforms, extensive range of tradable instruments, and competitive fee structure. Its commitment to https://worldtradex.pro/ trader education and unique features, such as comparative analysis and trend exploration tools, enhance its appeal. The broker’s customer support is responsive, while its deposit and withdrawal methods are flexible and secure. Founded in 2005, worldtradex is a well-established broker offering a wide range of trading services.
Therefore, according to your trading style, day trading or scalping, and the volumes you trade, there is an option to select a suitable one, also we consider deposit and withdrawal fees to see the full fee picture. worldtradex review is a top-tier online broker that excels in providing exceptional trading conditions, cutting-edge platforms, and outstanding customer support. With its commitment to transparency, regulatory compliance, and client satisfaction, worldtradex has established itself as a trusted partner for traders of all levels. worldtradex delivers a compelling proposition for forex and CFD traders. The combination of robust regulation, a wide range of instruments, competitive pricing, and advanced features makes it a strong contender.
worldtradex offers a variety of deposit methods to suit different preferences and needs. An award-winning support team is available 24 hours a day, 5 days a week to assist you. worldtradex offers bond trading, allowing you to buy and sell corporate and government bonds. Trade bond CFDs like US 10 YR T-Note Futures and UK Long Gilt Futures on MetaTrader 4 and 5. worldtradex does not provide services to residents of the following countries. They are Afghanistan, Cuba, Iraq, Iran, Liberia, Libya, Myanmar, Palestine, Russia, Somalia, Syria, Sudan, Yemen, worldtradex USA, and any countries on the FATF and EU/UN sanctions lists.
Popular Forex Guides
Enjoy consistently tight spreads starting from 0.0 pips, available 24 hours a day, 5 days a week. worldtradex offers copy trading through the MetaTrader 4 platform, enabling traders to replicate strategies from experienced professionals. This feature is accessible via the MetaTrader Signals Service, which is integrated into the platform. Traders can browse and select from a variety of signal providers based on their performance metrics, trading history, and strategies.
FP Market review is a leading online broker and it offers a range of trading platforms to cater to different trader needs. worldtradex is a reliable broker with a long-standing reputation in the industry since its establishment in 2005. It is regulated by reputable authorities, including the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). However, it is not registered with Canadian regulators such as the OSC, BCSC, or ASC, which may raise concerns for traders seeking local oversight. The broker’s global regulatory licenses and positive customer reviews, however, support its credibility.
Trading Central, however, is a more comprehensive research platform that extends its range of analytical tools to include an Economic Calendar, Market Buzz, and Crowd Insight. The research section includes a Daily Report, Technical Report, weekly Market Insights outlook, and a Fundamental Analysis section featuring daily articles on global markets. I was disappointed to see a lack of updated content within the Forex News section.
Deposit and Withdrawal Options
- DMA CFDs offer advantages like reduced spreads and swifter execution, as orders are transmitted directly to the underlying market without intermediaries such as dealers or market makers.
- On the flip side Spreads for Stocks are higher, also some withdrawals add on commission, also it is worth checking the conditions under the entity of worldtradex you would trade since they are different.
- The Iress platform charges a $55 monthly fee; this is removed should the account show at least $200 in monthly commissions or retain a balance of $50,000.
- This fancy term basically means they connect you with a whole bunch of liquidity providers, which can lead to tighter spreads and potentially faster execution compared to the old-school dealing desk model.
For cryptocurrency enthusiasts like myself, worldtradex allows engagement with popular digital assets like Bitcoin, Ethereum, Ripple, and more. Additionally, you can trade a variety of stock CFDs, although options like mutual funds and futures are notably absent. What’s more, they offer accounts in 10 different currencies, including EUR, GBP, USD, AUD, CAD, SGD, HKD, JPY, NZD, and CHF, catering to a diverse global audience seeking alternatives to the standard USD or EUR-denominated accounts.
Avatrade Commission Fees, Inactive Fees, and Other Fees Details
The offer for both types of accounts is the same, as is the minimum transaction size (0.01 lot). All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Headquartered in Sydney, Australia, worldtradex (First Prudential Markets) was founded in 2005 as an online retail forex and CFD broker. The brand’s entities are regulated in Australia and Europe, with a total of 95 employees as of 2019. If you encounter an issue, you can initiate a complaint through their website or by contacting customer support.
Moreover, worldtradex is regulated by reputable authorities such as the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), ensuring a secure trading environment. With 24/7 multilingual customer support and quick account setup processes, worldtradex delivers a reliable and user-friendly experience. Overall, its commitment to transparency, security, and trader education makes worldtradex an excellent choice for anyone looking to engage in forex and CFD trading. They also provide Direct Market Access (DMA) share trading through the IRESS platform. IRESS is valued by active stock traders for its Direct Market Access (DMA) to global exchanges making it well-suited for equity and share trading.
worldtradex cannot accept clients from certain countries such as the United States of America, Japan, North Korea, Iran, Iraq, Belgium and some regions in Canada.
Minimum Deposit Threshold
It is tailored towards experienced traders due to its extensive features and higher costs. This type of account is ideal for traders who work with smaller volumes or are fine-tuning their strategies. The Standard account is designed for beginners and intermediate traders, offering commission-free trading with competitive spreads from 1.0 pip for Forex and Metals.
worldtradex offers a comprehensive range of trading options and competitive pricing. With platforms such as MetaTrader 4, MetaTrader 5, cTrader, and TradingView traders can access a variety of instruments, including Forex, CFDs, Stocks, and Cryptocurrencies. The broker offers low trading costs and high leverage options, making it suitable for both novice and experienced traders.
With spreads starting from 0.0 pips and a $3 per lot commission, this account is highly competitive for active forex traders. It is also supported on MetaTrader 4 and MetaTrader 5, offering the same market access as the Standard Account but with enhanced pricing. In our test, the broker proved to excel in providing advanced platforms like MetaTrader and cTrader, supported by competitive forex spreads and diverse CFD offerings.
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