Worth keeping in mind, however, is that regulations in Vanuatu are much weaker than in https://worldtradex.site/ Europe. This means that clients may be left without much help in the event a broker goes out of business or deposits are otherwise lost. The secure back office of worldtradex handles all financial transactions. worldtradex maintains a nice balance of traditional payment processors like bank wires or credit/debit cards, modern e-wallets like Skrill or UnionPay, and cryptocurrencies.
We do not provide financial advice or investment recommendations. This structure minimizes conflicts of interest, as worldtradex does not trade against its clients. Traders have access to numerous deposit and withdrawal options at worldtradex. Here is a screenshot of the worldtradex quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.
For customer service needs, all worldtradex clients are welcome to contact the broker via either live chat, email or phone (a Cyprus phone number for EU users and a UK number for international users). Dealing desk and market making brokers often provide fixed spreads, an indication that the spreads quoted are not from a true, efficient and organic marketplace. For example, the spreads quoted could be adjusted to match the broker’s own exposure to markets, determined by the volume of trade the broker is experiencing at any given time.
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. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. Introductionworldtradex (Forex Central Clearing Ltd) is a regulated forex and CFD broker established in 2010. With a focus on transparency, competitive trading conditions, and customer satisfaction, worldtradex caters to both beginner and advanced traders.
worldtradex Fees
We provide broker reviews and ratings to help users find a suitable broker according to their own needs. However, you must do your own due diligence and make your own decisions when choosing a broker. This compensation should not be seen as an endorsement or recommendation, nor shall it bias our broker reviews. Any rates, terms, products and services on third-party websites are subject to change without notice.
It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check https://worldtradex.club/ them before evaluating the total trading costs.
$10 No Deposit Bonus – Open a Live STP account, $10 Bonus is automatically added to your account – FXOpen
- worldtradex offers beginner traders a sound educational offering from where traders can expand.
- Our worldtradex review discovered that ECN Standard accounts’ minimum deposit was $100, which ECN XL and ECN Advanced were $10,000 and $100,000 respectively.
- worldtradex offers a comprehensive range of tradable instruments, including major and minor currency pairs, commodities, indices, and metals.
- worldtradex is an ECN broker and only maintains one ECN account for all clients.
One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment. worldtradex also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework. Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat.
The ECN XL and ECN Advanced accounts require deposits of $10,000 and $100,000 respectively. 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.
worldtradex Apps, Mobile Trading Platforms & Customer Support
It also maintains a blog where it publishes market-related content, but the Forex News section does show wide gaps between its posts. With such a useful market analysis, we would love to see the section expanded to other pairs. worldtradex offers traders the core MT4 trading platform without third-party upgrades. Information on the TopForx.com website is for informational purposes only and does not constitute any motive or suggestion for visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested, and only 11-25% of traders earn a profit.
worldtradex Alternative Brokers & Comparisons
Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the ECN XL account. All the services on the TopForx.com website are free for you to use. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters. worldtradex is registered in Vanuatu with registration number and regulated by the VFSC and CySEC. worldtradex is also registered in 26 European Union countries under the Markets in Financial Instruments Directive (MiFID). Please note that the information on our website is for informational purposes only.
Regulated, Transparent and Fair Trading
This dedicated server can handle multiple platforms and accounts, run automated programs, and ensure smooth trading operations. worldtradex caters to a diverse range of traders by offering various account types, including Standard, XL ECN, and Advanced ECN accounts. Each account type comes with its unique features, allowing traders to choose the one that aligns with their trading preferences and strategies. The ECN accounts, in particular, provide direct access to liquidity providers, ensuring competitive spreads and minimal slippage. Clients have access to the full suite of the out-of-the-box MT4 trading platform. It fully supports automated trading and is one of the most versatile trading platforms available.
I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability. worldtradex offers traders a competitive commission-free trading environment. The EUR/USD spread ranges between 0.0 pips and 0.3 pips, with occasional spikes during the market news and trading session breaks, which worldtradex transparently displays on its website. worldtradex deploys an ECN/STP execution model and does not manipulate quotes.