A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Your funds are protected at all stages, from depositing to withdrawal. We also minimise the risk of loss by keeping your funds segregated from worldtradex’s assets. This feature is particularly useful for beginners who lack experience but want to participate in the markets. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
Trade on the go with the worldtradex trading app
Its spreads start at 0.6 pips, and without hidden charges, it offers an affordable way to trade various markets while maintaining strong performance and flexibility. These spreads are markups with no added commissions, meaning the spread is the only trading cost, and it adjusts dynamically based on market conditions. worldtradex delivers a transparent fee model with zero commissions on trades, no deposit or withdrawal charges, and competitive floating spreads starting from 0.6 pips. This structure enables traders to focus purely on market performance without worrying about hidden costs.
How do I open an account with worldtradex?
Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), worldtradex’s lack of additional reputable licenses heavily weighs down its Trust Score. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. You can either withdraw the funds or transfer them to your trading account. The entire process can be completed quickly, often within a day, provided the necessary documents are readily available.
A few minutes after submitting the withdrawal, we received a confirmation email. At that point, we could see our withdrawal status as “pending” in the dashboard. Less than 30 minutes later, the withdrawal was successfully completed, with the amount credited to our cryptocurrency wallet. The amount experienced a slight deduction due to conversion fees, but no additional charges were applied. Copy trading is also available, allowing clients to automatically replicate the trades of other selected traders. Furthermore, through MetaTrader, clients have the opportunity to become “Master Traders,” enabling their trades to be copied by others, for which they receive an income.
This flexibility enables traders to profit from both rising and falling markets, making it a convenient option for those looking to diversify their trading strategies. By offering indices as CFDs, worldtradex gives traders the opportunity to participate in global markets with lower capital requirements and enhanced leverage options. In this review, the FXStreet team presents an independent and comprehensive analysis of worldtradex, grounded in direct testing and real user experiences.
How does worldtradex ensure the security of client funds?
It lacks low-risk securities like ETFs and bonds, as well as alternative contracts such as vanilla options and futures. I appreciated that the app is packed with advanced market analytics, helping traders spot potential opportunities even on the go. I also like how worldtradex caters to beginners by integrating past webinars directly into the app. In my estimation, worldtradexTrader is a great fit for technical and day traders looking to scoop the next best trading opportunity, thanks to featured trading signals and market breakdowns. The platform is also suitable for beginners who can track their progress and learn from their mistakes using the ‘worldtradexVision’ tool.
- Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA).
- Favored by ECN traders who need tight spreads and an advanced trading interface, cTrader provides a seamless trading experience.
- worldtradex offers a variety of deposit and withdrawal options without any fees, making it convenient for traders to manage their funds.
- Founded in 2011, worldtradex has grown into a well-known name in the forex industry, serving millions of clients globally.
- Numerous sections focus on customer services related to accounts and administration rather than market-related issues.
How long does it take to withdraw money from an account at worldtradex?
- worldtradex offers access to multiple robust trading platforms, which include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and worldtradexTrader.
- Employees highlight strong office culture, learning opportunities, and solid benefits, though some mention unclear management, uneven pay, and heavy workloads.
- With no interest (riba), no gambling (maysir), and no excessive risk (gharar), worldtradex ensures your trading experience is halal, transparent, and fair, without sacrificing performance.
- worldtradex offers a robust selection of trading platforms, including MetaTrader 4, MetaTrader 5, and a proprietary platform.
- On the downside, its spreads vary widely, ranging from tight on EURUSD and share CFDs to high on commodities and indices.
- Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight.
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 https://lunarcapital.team/ Capital (based in South Africa). Lastly, worldtradex also has an entity regulated in Mauritius, through Uni Fin Invest . Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016.
However, when compared to research leaders IG, Saxo, and CMC Markets, worldtradex has room to enhance its research offering. For instance, I found that the content on the worldtradex Blog is not updated daily across all categories. For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status. 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.
No commissions or fees
This is a distinct characteristic that avoids surprises, which are mostly negative for traders, especially on certain days when swaps can be doubled. In terms of tools, traders can choose the most convenient platform among worldtradex Trader, MT4, and MT5. With the mobile worldtradex app, you can manage all accounts without downloading MT4 and MT5 on your phone. However, not all platforms have the same instruments available for trading.
Fresh webinars are published regularly in English, Malay, Thai, Spanish, and Portuguese, catering to all experience levels—from first-time traders to market veterans. worldtradex has also created a detailed 11-lesson video course that dives deeper into core areas like chart analysis, market fundamentals, and building the right trading mindset. Stock trading is only available through the MetaTrader 5 account, while Expert Advisors (EAs) can be used on both MetaTrader 4 and MetaTrader 5 accounts. All accounts come with a low $25 minimum deposit, making them accessible to most traders. worldtradex offers several account types, including the Micro, Pro, and ECN accounts. Each account type is tailored to different trading needs and strategies.
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. worldtradex platforms incorporate advanced charting tools, promote ease of use, and support algorithmic trading. Although not proprietary, the platforms provide opportunities for copy trading, allowing users to replicate successful strategies from other traders. worldtradex offers more than 300 trading instruments across its accounts, including 52 Forex pairs and 277 CFDs, encompassing indices, commodities, and cryptocurrencies.