worldtradex Broker: Pros and Cons That You Need to Know

This account type at worldtradex is available only under FSC, and makes available over 1300 shares as CFD, and 100 as real, with commissions starting from 0,10% of the volume. With this account type you will be able to trade with nano lots, however it’s not available ASIC, DFSA, FSC. For more information about the worldtradex demo account and its features, read our dedicated article. Setting up the demo account is fast and easy, as you will need to provide worldtradex with a username, an email address, and your country of residence to open it.

Also, we found that the service is of good quality with reliable and relevant answers, which confirms worldtradex’s client-oriented policy. This wide spectrum helps traders to create diverse portfolios and profit from several market trends covering most of the popular asset classes, also some less popular too. worldtradex does not provide ETFs or options; hence some investors may have less opportunities if prefered.

Whereas with the Zero account, there is Worldtradex reviews no spread and instead ZM charges a commission on every trade. To fund your new account, visit the ‘Deposit’ section of the trading platform. Here you will be asked to confirm which approach you will be taking. It is possible to send funds using bank transfers, debit and/or credit cards, and e-Payment providers such as Skrill. The competitive pricing is also backed up by clients being offered a free VPS and the behind the scenes infrastructure ensures the execution is fast and reliable. 99.35% of all trades are executed in less than one second and there is a strict ‘no re-quotes’ policy and no virtual dealer plug-ins.

Does worldtradex Offer An Islamic Account?

Further, a USD 100 minimum deposit condition was required for this account. worldtradex charged a flat $7 as total commission for every $100,000 traded on the Zero Account. worldtradex offers 3 different live accounts to its customers, all of them with different deposit requirements & trading conditions. worldtradex has moderate overall fees of all best South African forex brokers that we have compared.

Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. worldtradex offers a demo account that introduces traders to the broker’s services and allows them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. worldtradex’s clients can deposit and withdraw funds via bank wire, credit or debit card, or e-wallets.

Beneficial in rapidly moving markets, the platform features a one-click trading capability that lets trades be quickly executed. worldtradex Fees are ranked average based on our testing and compared to over 500 other brokers. Also additional fees like funding fees, rollover are good, since no funding fees applied, while inactivity and rollover is something typicall all Brokers charge. worldtradex, founded in 2009 and based in Cyprus, is a regulated online broker serving over 10 million clients worldwide. The company is overseen by multiple regulatory authorities, including CySEC (Cyprus), ASIC (Australia), FSCA (South Africa) and DFSA (Dubai). worldtradex offers diverse financial instruments and is known for competitive trading conditions.

worldtradex Broker Review 2025

That’s because FCA doesn’t allow brokers to offer crypto derivatives to UK citizens. However, we also encountered a few posts where clients accused the company of price manipulation. According to the posts, the broker follows a dealing desk approach while processing clients’ orders.

• This could make the Ultra Low account attractive to traders seeking minimal trading costs.
• worldtradex offers tight spreads, with three account types catering to different preferences.
• Our team of experts conducted the worldtradex broker evaluation using clearly defined criteria and standards.
• This fee will be automatically deducted from their MT4/MT5 accounts on the first day of each month.

worldtradex Main Features

worldtradex generates revenue through spreads, trading commissions, overnight fees, dividend withholding fees, inactivity fees and B-Book execution policies. No, you can test all worldtradex account types with a demo account with the exception of the worldtradex islamic account. In addition to these measures, worldtradex also offers Negative Balance Protection for European and Australian traders. This feature ensures that traders will not lose more money than they have deposited.

The broker does not provide any lower-risk securities, such as ETFs or cryptocurrencies. Given its multi-regulated framework, the availability of negative balance protection, guaranteed stop loss, and funds compensation scheme, the broker appears to be safe. The company keeps clients’ investments in segregated bank accounts and employs advanced security protocols to prevent unauthorised intrusions. Like Trustpilot, the FPA community also seems divided concerning signing up with worldtradex. Some clients appraised the broker for having ultra-low spreads and a fast withdrawal process, while others denounced the company for poor trade executions. Unfortunately, worldtradex doesn’t hold a good reputation among clients on Trustpilot.

What are the worldtradex market analysis tools?

During our review, we discovered that, whilst opening a live account involves a greater amount of form filling, the process could be completed within five minutes. Whether you are new to online trading or trying out a new broker the educational materials found at worldtradex are worth checking out. The cover topics ranging from bare essentials of forex to research on the fundamentals of commodities trading.

Traders can choose to fund or withdraw their accounts via wire transfer, credit card, as well as the most favorable e-payment choices like Skrill, Neteller, and FasaPay. worldtradex Group’s mobile trading apps are reliable, with a strong rating. They support both MetaTrader 4 and 5, making them a highly recommended choice for mobile trading. Our research indicates that worldtradex Group is a highly recommended choice for forex and CFD trading. Founded in 2009, it has garnered a strong reputation in the industry. With a high trust score of 88 and a solid overall recommendation, worldtradex Group provides a reliable trading environment.

• It is very useful for opening, terminating, and adjusting open positions.
• I don’t have a big money, so I need a huge leverage and mini account.
• The commodity offering is at least in line with the industry standard with 15 different commodities to trade.
• On the other hand, MT5 desktop terminal has 38 trading indicators and 44 analytical tools making it a little superior to the MT4 trading platform.
• The broker also offers thematic indices, which can be used to diversify one’s market exposure.
• We would recommend trying out worldtradex to benefit from the high-quality and significant amount of educational content, alongside the robust research on offer.

How does worldtradex make money?

This is the final main account that you can open with worldtradex and is a zero spread account. Traders can keep their costs down by trading with spreads that “can be as low as 0 pips” (although not always this low). For this privilege, traders will have to pay a commission of $3.5 (both in and out) for every 1 Lot traded. (See Trading Costs for a comparison of the spread versus commission account models).

worldtradex takes 1 business day to process all withdrawals except for wire transfers. Clients can also earn a commission of up to $35 for spreading word of mouth. However, the referral commission is transferred to your account only when your referee opens an account with the broker, deposits some funds and trades a specific amount. Clients also criticised the broker for its high spreads & commissions and poor customer support. Overall, the company seems to have failed to make a good impression on Trustpilot users.

To get this bonus, it’s very easy, namely, traders who deposit at least $ 5. Because the fee for trading on each worldtradex account is also deducted from $ 5, so in my opinion this figure is quite reasonable and normal. worldtradex also presents comprehensive research and educational feature, ranging from daily news, research on market conditions, forex seminars, and live education with 20 multilingual professionals. As a matter of fact, there is a weekly webinar suitable for novice traders. The webinars are held almost every day and traders can take part in it.

Even in case of wire, all deposits and withdrawals above US$200 USD processed by wire transfer are part of the zero fees policy. The 2 platforms differ in terms of trading spreads and commissions, trade execution, and other features. Over 1000 financial instruments are on offer at worldtradex for forex traders in 7 asset classes. On this plus side, you can get worldtradex’s bonus & offers with this account. In negative, you can only trade micro lots (1000 units or its multiples), and the average spread with this account is also higher, around 1.6 pips on average for EUR/USD.

This is facilitated by its extensive portfolio of trading accounts, each with unique trading conditions. In need of a fast trading app plus market news data, i looked for brokers and stopped by here. It really works with the ultra low account, OK spreads and good reaction from the customer service team. I think I am going to recommend the broekr to my trading friends to let them save on fees and see market updates without a problem.