Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies. “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning. The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” worldtradex has solid trading platforms and competitive commission fees. For traders who require a more robust platform, worldtradex offers several options.
Cryptocurrency trading on worldtradex
Before making financial investment decisions, do consult your financial advisor. Also, it’s worth mentioning that worldtradex has no deposit fees for cryptocurrencies and tokens – there’s but a 3% fee for a bank wire transfer. J2T CryptoExchange is a certified brokerage platform – it has certifications in the EU, UK, and USA. This simply means that the platform follows all of the necessary security and data protection guidelines, and that it is trusted in the aforementioned regions.
Futures trading on J2T’s CQG platform…
worldtradex is an often overlooked brokerage firm that provides day traders and other frequent investors with competitive pricing and a large suite of trading tools. It’s worth checking out because it may rival or even beat your current broker. In this worldtradex review, we attempt to quantify the value it provides to various types of traders. These platforms provide traders with a range of trading tools and features to execute their trading strategies effectively across various markets. Traders also have the option to open Islamic and demo accounts with worldtradex broker to cater to diverse trading needs.
The secure worldtradex back office handles all financial transactions for verified clients. Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website. All the above are broker-assisted plans and also include an additional fee of $20 per trade. worldtradex’s reputation varies across different review platforms.
Fees
worldtradex advertises competitive minimum trading fees, but they regrettably translate into expensive actual costs. I tested the MT5 Global account, where worldtradex notes raw spreads from 0.0 pips for a commission of $2.00 per lot. And while the choice of instruments is great with worldtradex, the broker also offers access to an impressive number of trading platforms, with five platforms to choose from. As usual, this includes the well-known MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, but also lesser-known platforms like CQG, ROX, and the crypto-based proprietary platform J2TX. The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures. We are pleased to see that worldtradex offers a free demo account.
Unique Features
The results from our assessment show that worldtradex is a good forex broker. Dozens of currency pairs are available with below-average fees, high-quality order executions and access to two leading platforms – MT4 and MT5. The research notes are quite useful for forex trading, but there are no videos, webinars or guides to support beginners.
- worldtradex accepts clients from all over the world, excluding USA and some other countries where restrictions apply.
- You could use profit calculator tools to predict a trade’s profitability and outcome based on commissions.
- worldtradex also offers many other trading instruments on their CQG, ROX and J2XT trading platforms.
- Don’t get me wrong – the registration was definitely not “difficult”, in any sense of the word.
Other sectors need to be included or underrepresented besides the 25 commodity CFDs and futures. Incorporated in 2006, worldtradex is an online brokerage launched by Success Trade Securities. The broker offers a complete gamut of financial services that include FX, stocks, bonds, futures and options. Besides providing direct market access (DMA), low commissions, the multi-regulated brokerage provides a modern high-speed infrastructure for instant trade execution. worldtradex is a regulated online broker offering a wide range of products, services, accounts and trading platforms. They provide global traders with competitive trading conditions and fees.
Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
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. Like some of its major competitors, worldtradex aims to educate its users through various learning resources.
- MT4 remains the industry leader with 25,000+ custom indicators, plugins, and EAs, but the quality upgrades are not free.
- Each day our team does live streaming where we focus on real-time group mentoring, coaching, and stock training.
- We provide our members with courses of all different trading levels and topics.
- It’s worth checking out because it may rival or even beat your current broker.
In essence, worldtradex has a deposit and withdrawal structure prioritizing efficiency with no hidden costs. Such policies solidify worldtradex’s reputation in the financial trading space. worldtradex’s web platform allows traders to access their accounts directly through a browser, ensuring easy access without software downloads.
I did not find a Worldtradex website time limit, which suggests that worldtradex understands the requirements of demo trading. I prefer more customization options to ensure demo trading conditions reflect planned live portfolios. worldtradexr, the deep discount broker, has throughout the years been awarded and recognized for its contributions to the online brokerage industry. A consistent theme across reviews is worldtradex’s limited educational resources compared to full-service brokers.
Interactive Brokers
ROX is a sophisticated electronic order management system with instant routing to exchanges, ECNs, market makers and MTFs world-wide. ROX empowers traders by providing lightning fast access to many sources of liquidity. ROX users can benefit from competition among a large number of market centres, each of which have their very own special advantages and opportunities. ROX simple yet powerful point-and-click screens enable trading in many marketplaces at the same time.
Our review indicates that traders on the platform can trade up to 90,000 futures and futures options instruments. These are drawn from virtually every market within the finance and securities industry including stocks, indices, currencies, and commodities. Unlike most other trading products listed here, futures and futures options trading are lightly covered in the broker’s educational resources and research reports. In a world full of trading possibilities, worldtradex is a solid choice for investors seeking a seamless blend of affordability and top-notch trading platforms. Built for both novice and seasoned traders, the broker offers an impressive suite of account types, ensuring a flexible and rewarding trading environment for its customers. I like that worldtradex offers eight trading platforms, which ensures traders and investors get one suitable for their preferred strategy.
On a more positive note, our tests show that withdrawal times are in line with competitors, varying between payment methods with e-wallets being instant and bank wires taking up to 5 days. However, we are disappointed to find that there are fees for depositing in ECN accounts, the amount of which varies depending on the method you use. There are also withdrawal fees with this account, reducing its appeal. The broker understands the importance of good customer service and provides 24/7 customer support via email, live chat, and over the phone. There are no inactivity fees and spreads on the commission-free Standard account start from 0.5 pips. Let’s compare the fee policy with other brokers to better understand the difference.
Traders should always use appropriate risk management with leveraged trading to avoid magnified trading losses. Negative balance protection exists for certain account types at this broker, meaning traders with the right account types can never lose more than their deposits. A CySEC-regulated broker with a choice of trading platforms and 30,000+ assets.
