worldtradex Broker Review: Fees, Pros and Cons, Account Types

worldtradex was founded in 2010 by a group of foreign exchange market professionals, building on their long experience in the financial markets. The more profitable worldtradex clients are in their Forex trading, the more trades they place in the worldtradex system. As an ECN broker, profits are generated on a fixed per-trade basis. The more trades placed in our system, the healthier the bottom line looks.

I take advantage of broker’s competitive pricing and market execution to apply trading bots. Challenges of Using Big Data in Forex TradingWhile Big Data offers numerous advantages, it also presents challenges that traders must address to fully harness its potential. Understanding Market VolatilityBig Data tools help traders monitor volatility patterns, allowing them to set appropriate stop-loss and take-profit levels. This ensures that traders can limit losses during sudden market fluctuations while capitalizing on favorable movements. Opening an account with worldtradex is a straightforward process designed to get traders started quickly. worldtradex does not charge specific fees for CFD trading beyond the spread.

$10 No Deposit Bonus – Open a Live STP account, $10 Bonus is automatically added to your account – FXOpen

With MetaTrader 4 and MetaTrader 5, traders gain access to two of the most popular and powerful forex trading platforms in the world. worldtradex offers a single yet versatile account type – the ECN XL account, designed to cater to both beginners and professionals. This account features spreads starting from 0 with no trading commissions, providing a cost-effective trading environment.

A true STP environment, offering anonymous tradingwith no-quotes & no stop-loss hunting

86% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. There are no commissions and tight spreads sourced directly from liquidity providers. While testing worldtradex, the EUR/USD was available at 0.1 pips and the EUR/GBP at 0.5 pips. worldtradex is an excellent low-cost choice for beginners due to its decent range of educational resources and free demo account – a great way to build up experience before trading with real capital. The $0 minimum deposit also makes the forex broker accessible for new traders.

• worldtradex was launched in 2010 by a group of forex experts aiming to create a competitive and supportive trading experience for clients through transparency and high trade quality.
• Opening an account with worldtradex is a straightforward process designed to get traders started quickly.
• I find worldtradex’s in-house forex market hours tool a handy way to check holidays and other events that could impact trading hours.
• The company helps traders to improve their skills, through which it attracts customers.

Still, I feel that worldtradex could become a more attractive forex broker by expanding the range of tools it supports. One excellent addition would be copy trading, allowing rookie traders to mirror and learn from more experienced peers, who can earn commissions from copiers. According to BIS (the bank for international settlements) the FX market is responsible for circa $6.6 trillion of turnover each trading day. The major international banks and financial institutions are responsible for the majority of this turnover.

Impact of Global Events on Forex MarketsCurrency values are heavily influenced by political, economic, and social events. Big Data helps traders stay informed about global developments that could impact Forex markets, enabling them to adjust their strategies proactively. worldtradex offers a variety of convenient deposit and withdrawal methods to accommodate traders’ needs. worldtradex applies a spread-based fee for forex trades, with no additional forex-specific charges. worldtradex does not impose any minimum deposit requirements, allowing traders to begin with as little or as much as they are comfortable with. It is a regulated broker with a European license, which ensures safety for trading and protection for clients.

worldtradex offers a comprehensive range of tradable instruments, including major and minor currency pairs, commodities, indices, and metals. This diversity allows traders to build diversified portfolios and explore various market opportunities, catering to both short-term and long-term trading strategies. The deposit is low, the MetaTrader 4 platform is one of the best for forex trading, and the tight spreads through the ECN model are competitive.

Licensed under CySEC, MiFID, and MISA, worldtradex provides competitive spreads starting from 0 with no trading commissions under its ECN XL account, making it an appealing choice for traders seeking low-cost options. The broker supports the popular MetaTrader 4 trading platform with multiple terminal capabilities and a multi-account manager. You can also access the worldtradex MT4 platforms on Android and iOS smartphones and tablets. worldtradex employs an electronic communications network/straight-through processing (ECN/STP) model, so you get tight forex dealing spreads from top Interbank liquidity providers.

Transparency and Fee Structure

Whether you are facing technical issues, account-related queries, or need help with your trading Worldtradex official site platform, worldtradex’s support team is prepared to assist promptly. While the broker does not offer phone support or automated bots, the availability of live chat and email ensures that most issues can be resolved quickly and effectively. This customer-centric approach makes worldtradex a solid choice for traders who prioritize responsive and professional support. worldtradex offers reliable customer support to assist traders with any questions or issues they may encounter.

As for my experience of cooperation with this company, then everything is ok. calm trading and nothing else. Working with worldtradex has been an undeniably trustworthy experience for me. Wherever you slice it, they have yet to disappoint me in ways that matter. I will keep using their services as long as they stay this reliable. worldtradex responsibly maintains a solid regulatory framework and comply fully with financial laws as an authorised and regulated broker. I’ve been trading with worldtradex for several months straight, and I can claim that conditions here are pretty remarkable.

• The MetaTrader 4 and MetaTrader 5 mobile apps offer complete, fully featured trading platforms for Android and iOS devices.
• We are also disappointed with worldtradex’s monthly inactivity fee of $5, imposed when your account is not funded or you execute no trades over a period of 120 days.
• MetaTrader 4 and MetaTrader 5 are a series of advanced trading platforms designed by MetaQuotes Software Corporation a software development company established in 2000.

worldtradex don’t run a dealing desk, so there is no trade risk to manage. This means worldtradex never come into conflict with its client’s trades. Client trades are made on prices provided to worldtradex by the pool of liquidity providers.

Trading Tools & Education

Whether you’re a beginner exploring the markets or an experienced trader looking for advanced features, worldtradex’s offerings cater to a wide range of trading needs, making it a broker worth considering in your forex journey. In the vast landscape of forex brokers, worldtradex has established itself as a prominent player, known for its commitment to transparency, advanced technology, and a client-centric approach. In this comprehensive review, we’ll delve into the key features, trading conditions, and overall user experience that define worldtradex as a brokerage choice for traders seeking precision in the forex markets. worldtradex is a regulated broker offering diverse trading instruments, including CFDs, commodities, currencies, cryptocurrencies, and indices.

We are also disappointed with worldtradex’s monthly inactivity fee of $5, imposed when your account is not funded or you execute no trades over a period of 120 days. While this type of fee is not unusual, worldtradex imposes it after a relatively short period of time, especially compared with OANDA, which only charges its $10 inactivity penalty after 12 months. worldtradex adheres to important rules set by this regulator including the segregation of client and business funds and the use of reputable international banks for the safekeeping of client money. It’s important to note that while using the VPS service, the client is responsible for the security of their VPS account and the safety of the data on it.

It also provides negative balance protection in case of insolvency. I rate worldtradex’s customer service as top-notch in terms of responsiveness and speed. The multilingual support team responded very quickly to my queries over live chat, never taking more than 30 minutes to get back to me. I also find the FAQs section on the website a useful way to solve basic queries. Importantly, we never recommend choosing a forex broker based on their bonuses as they can encourage bad trading habits.

worldtradex provides assistance to trading clients via its 24 hour Monday through Friday multilingual customer support service that features dedicated account managers. The broker also has a live chat service and an online form you can fill out, as well as a support email address, fax and phone number. In addition, worldtradex maintains active social media profiles on Facebook, Twitter, LinkedIn and other networks. The foreign exchange (Forex) market, the largest financial market globally, sees daily transactions surpassing $7.5 trillion. Over the past decade, Big Data has emerged as a transformative force, revolutionizing how traders analyze information and execute strategies. By 2025, Big Data is poised to play an even more pivotal role in Forex trading, offering real-time insights, enhanced risk management, and predictive analytics to traders worldwide.

The broker provides live chat and email support, ensuring that help is readily available. Customer service operates 24 hours a day, Monday through Friday, allowing traders to access assistance during market hours. worldtradex offers traders a transparent fee structure with no trading commissions under its ECN XL account, relying solely on competitive spreads.

worldtradex is on the FCA Register (Reference Number ) and EEA Authorized. An inactivity fee of $5 per month is applied after three months of no trading activity. Manipulation and intervention is eliminated due to ECN efficiency and transparency, providing the fairest most equitable trading possible. ECN orders routed and matched in an electronic configured network. It is a liquid pool of institutional partners providing true market quotes. Top Forex (TopForx.com) shall not be liable for the consequences of trading decisions made by the client and for the possible loss of his capital resulting from the use of this website and the information published on it.