worldtradex is an emerging broker with nearly 10 years of operation, offering a low-cost MetaTrader experience and a social copy-trading platform. Known for competitive trading costs and over 220 tradeable symbols, worldtradex has made significant strides in pricing. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
Minimum deposits at worldtradex will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR). It’s important to note that minimum deposits and trading costs will also depend on which worldtradex entity you choose for establishing your trading account. Founded in 2011, worldtradex (formerly worldtradexFX) is part of a group of global entities, which include worldtradex Markets LTD (based in the island of Mwali) and worldtradex Markets Cyprus Ltd (based in Cyprus). worldtradex also provides financial services through its intermediary, Orinoco Capital (based in South Africa).
Minimum deposit
At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying. The dashboard, or client portal, provides relevant information and tools regarding the account. Numerous sections focus on customer services related to accounts and administration rather than market-related issues. A status program is offered where clients, based on their deposited funds, can access different levels that provide enhanced services. In conclusion, worldtradex Broker stands out as a reputable broker with an easy-to-use platform, making it suitable for traders at all levels. Its commitment to regulatory compliance, competitive trading conditions, and robust customer support underscores its dedication to providing a secure and efficient trading environment.
The rebate is automatically deposited into the trader’s account weekly, with the option to withdraw at any time based on the available balance. Likewise, Mauritius is considered Tier-4, as per our Trust Score algorithm. The security of your funds – in terms of regulatory protection – will depend on which worldtradex entity holds your account, and which, if any, relevant regulations provide customer protections. It’s worth noting that worldtradex’s primary execution venue is one of its own entities in St. Lucia.
worldtradex Review in 2025
- Our market analysis service offers the latest currency rates, including EURUSD and GBPUSD, intelligent technical analysis tools, and daily market insights from our experts.
- Participants compete for real cash prizes ranging from $40 to $500, with winners determined by the highest account balance after four weeks.
- We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.
- If you prefer to trade less liquid and higher risk assets you also have access to altcoins like Dogecoin to speculate on.
- worldtradex Broker has emerged as a significant player in the trading industry since its establishment in 2011, boasting a widely comprehensive suite of financial services to its global clientele.
Unlike the traditional forex landscape, which frequently imposes overnight fees, their Islamic Account is a game changer for Indonesian Muslim traders. Recognizing the diverse trading landscape, the broker expands its reach to meet the unique needs of Indonesian traders who follow Sharia Law principles. worldtradex has over 50 different payment options, such as Visa, Neteller, Fasapay, and bitcoin, as well as a large variety of local bank transfers. The availability of these payment methods may also depend on your country of residence.
The broker’s low minimum deposit, competitive spreads, and comprehensive educational resources enhance its accessibility and attractiveness to different kinds of traders. worldtradex is an international broker that hasbeen providing online trading services worldwide since 2011. One thing that stood out to me about this broker during my review was the ease of use. The worldtradexTrader platform is intuitive, well designed, and has popular features like alerts and 1-click trading. There are no swap fees, inactivity fees, or fees for deposits and withdrawals. Three account types cater to traders with different levels of experience.
Processing times range from instant to a few hours, which is better than average for the industry. worldtradex excelled in the category of fees, with tight spreads in CFDs on forex and shares. It also bucks the industry trend by not charging swaps or inactivity fees. For both trading accounts (worldtradexFX MT4 and worldtradexFX MT5), all fees are reflected in the spread – there are no additional commissions charged. The broker offers a variety of opportunities designed to enhance the trading experiences of Indonesian traders. These products are tailored to the Indonesian market and are intended to provide tangible benefits and rewards.
It is regulated by the FSC in Mauritius, the Mwali International Services Authority (MISA), and CySEC for European traders. The broker has also been operating for 12 years, which is a strong signal of safety in my book. A nice feature I liked was the order ticket showing your potential profit and loss in monetary value compared to just in pips like other platforms. This is a useful feature if you’re new to trading as you’ll know your monetary risk instead of Worldtradex cheating guessing with a pip conversion which could lead to mistakes and over-risking your trades.
It also provides Islamic (swap-free) accounts that comply with Sharia law. With demo accounts, the ability to trade in micro-lots, copy trading, and strong educational resources, I rate worldtradex as a suitable broker for beginners. Experienced traders can take advantage of the advanced features in the MetaTrader platform, such as automated trading. There is also the possibility of earning extra money as a Master Trader within the copy trading platform. worldtradex does not charge fees for deposits or withdrawals, nor does it impose commissions on trades.
Other trading platforms
I was also pleased to see a risk score assigned to each trader, to help users differentiate between traders with historically conservative results versus those that have had more volatility and risk. It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page. worldtradex has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers. In addition, worldtradex boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders. This is an impressive feature if you’re new to trading due to the constant flow of trading ideas with detailed market commentary that will help you learn in real time. Plus, you can fine-tune the Space by choosing specific instruments only to receive these ideas from – in my instance, I chose USD/JPY, gold, and EUR/USD.
Currencies accepted for deposits/withdrawals
Its head office is found in London, and through steady expansion, it now serves millions of traders from over 180 countries. Its commitment to innovative and reliable trading solutions makes it a trusted partner for traders around the world. In our review, the entire withdrawal process took less than 35 minutes. We accessed the withdrawal section in the dashboard, where we entered the amount and selected the method, in this case, Tether (TRC20). The options mirrored those available for deposits, although, as expected, the only method available for withdrawals was the one we used for depositing funds.
Account Types Comparison
worldtradex (formerly worldtradexFX) is aninternational broker that has been providing online trading services worldwidesince 2011. It offers commission-free access to financial markets and a varietyof services already utilised by clients from 180 countries with more than 42million trading accounts. worldtradex Broker offers diverse financial instruments, such as currency pairs, commodities, indices, and cryptocurrencies, to form well-diversified portfolios.
worldtradex offers the MetaTrader 5 mobile app for mobile trading, which is available for Android and iOS. The app offers popular features such as alerts, 1-click trading, and trading from the chart. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. This draw offers alluring prizes, including smartphones, laptops, and trips to exotic locales. This initiative adds an element of excitement and tangible rewards to the trading journey in recognition of the traders’ efforts and engagement. You can decide which trading account to fund depending on your trading strategy and personal preferences.
- The broker also maintains a comprehensive FAQ section on its website, providing in-depth information on common queries related to trading, account management, deposits, and withdrawals.
- These benefits include reduced spreads, expedited withdrawal procedures, and individualized assistance from a dedicated account manager.
- While there is no minimum deposit from the virtual wallet, worldtradex advises that the minimum deposit using this method is 50 USDT.
- Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
- MT5 provides a greater number of technical indicators, timeframes, and graphical objects.
The broker provides a variety of account options to accommodate various trading styles. According to the broker’s spreads and conditions, swaps do not apply to major instruments such as EUR/USD, NASDAQ, Bitcoin, etc. Adding an economic calendar improves decision-making by keeping traders updated on important events that may affect their trading strategies. This engagement not only offers a chance for traders to test their skills against peers but also stands as a testament to the broker’s commitment to fostering trader growth and success. worldtradex uses separate accounts to keep customer funds separate from the company’s balance sheets per international regulatory standards. Single app and web service, integrated intothe worldtradex ecosystem, that lets you earn like an experienced trader without anyspecific knowledge.
The broker provides comprehensive trading tools and features that traders can leverage to optimize their trading strategies. Additionally, worldtradex offers impressive customer support to assuage any potential challenges traders might face. This broker has many qualities suited to beginners but can also cater to experienced traders with the advanced features of MetaTrader. The global entity is unregulated, and this means clients benefit from fewer account protections.