Worldtradex lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and Brent. Overall, the asset selection is both impressive and more than ample for new and intermediate traders. Worldtradex’s trading account is also available without a swap, upon request. Open your account online and contact your account manager for more information. In our opinion, its Islamic account is one of the best on the market because you can keep your positions open for as long as you want without incurring additional costs. It accepts all trading styles and Expert Advisors on the MetaTrader 4 platform.
How do I withdraw money from Worldtradex?
You agree that by participating in this offer (“Offer”), you will be bound by these terms and conditions (“Terms”) as well as the general terms and conditions that apply to your trading account. You should read these Terms carefully and acquaint yourself with our risk disclosure notice. The overall trading environment at Worldtradex features a low cost structure and competitive asset selection, . Worldtradex lacks more trading tools, like CFDs on stocks for example, which became so popular recent days.
UTrade Review
Worldtradex offers demo accounts, apparently without any time limit, making them ideal for testing algorithmic trading solutions and new strategies. I want to caution beginner traders against using a demo account as an educational tool. It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value. Holding over 16 years of experience in global financial markets, and 4 B.A. Level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using…
- Worldtradex offers beginner traders a sound educational offering from where traders can expand.
- Worldtradex deploys an ECN/STP execution model and does not manipulate quotes.
- Clients can find the provision in the Investment Services General Conditions PDF.
- I’ve personally used and tested the brokers mentioned in this article.
Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. Worldtradex is an ECN broker that turns to a liquidity pool of institutional partners. This enables the brokerage to offer ultra-tight spreads and zero commissions. Traders can speculate on 70+ currency pairs, precious metals and energies, popular cryptos, plus a dozen stock indices. Webull only accepts traders from a few countries alongside the US, so clients from most other countries should consider alternatives, including those based in the EU.
Is Worldtradex regulated?
FXChoice does not boast the strong regulatory credentials enjoyed by some other forex brokers. The company is regulated by the Financial Services Commission (FSC) of Belize. Together, these bonus funds can build to up to $10,000 per month, subject to the current trading promotions and terms and conditions. Please note, this bonus is NOT AVAILABLE to clients in the EEA or the USA. 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. Clients may also use their Facebook or Google accounts to open an account.
Client deposits remain segregated from corporate funds at both entities with leading international banks, but Worldtradex does not list them. Clients can find the provision in the Investment Services General Conditions PDF. Worldtradex has a clean regulatory track record and established itself as a secure and trustworthy broker. Worldtradex is offering a 100% match deposit bonus to clients with an ECN XL account. Traders can claim the offer by emailing the broker’s customer support team and making a straightforward deposit.
- Worldtradex lacks more trading tools, like CFDs on stocks for example, which became so popular recent days.
- Worldtradex will serve beginners looking for an initial boost to their account with a 100% matching deposit bonus up to $2,000.
- Worldtradex offers traders a competitive commission-free trading environment.
- It also maintains a blog where it publishes market-related content, but the Forex News section does show wide gaps between its posts.
SuperForex is one of the few brokers not to cap the amount of bonus credit available in some of its promotions. This means that, in theory, bonus funds can stretch into the thousands. Worldtradex offers a larger welcome bonus than most of the forex brokers we reviewed. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or https://worldtradex.pro/ any of our other products work and whether you can afford to take the high risk of losing your money.
The broker supports wire transfers, Mastercard and Visa bank cards, popular cryptocurrencies, plus a selection of e-wallets, including Skrill and Neteller. Aside from the Worldtradex sign-up bonus of up to $2000 USD / R29’500 ZAR, no other bonus options are made available at this time. I applied for the bonus,they gave it only after submitting necessary docs and verify mobile phone, hope I can grow this money within 1 month. Worldtradex has two operating subsidiaries, one authorized by the business-friendly VFSC and one by the CySEC, which operates under the globally least-competitive ESMA regulatory framework. Our License Checker verifies the validity of EU, UK and UAE broker licenses in near real-time.
Traders can effectively double their purchasing power when they sign up and fund their account. Worldtradex supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill. Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option. Worldtradex transparently provides all necessary information on its website.
Customer Support
For traders wanting to elevate their trading to a new level of professionalism, perhaps once they’ve begun to master the MetaTrader platforms, having a virtual private server maybe the next stage. Why settle for standard when you can haveexcellence at no extra charge? Start trading with Zero commissions, zero swaps, zero mark up, zero fees and tight spreads starting from as Worldtradex website low as zero.
Choosing a broker based solely on their bonus deals and trading promotions is a bad idea. Traders looking for a no deposit bonus will also appreciate SuperForex, which offers $88 to those that register for an account and claim the offer in the Client Cabinet. Rewards are not restricted to just new clients either, with multiple bonuses for existing traders. Worldtradex is also not the most heavily regulated firm on this list, so consider alternative brokers with bonuses if you want a better-known brand. We don’t recommend Worldtradex for experienced traders looking for loyalty rewards and cash rebates – this broker does not offer them.
First Deposit Bonus Terms & Conditions
Webull also offers competitive interest on uninvested cash held in its brokerage accounts up to 5%+ APY. SuperForex will serve traders looking for regular bonuses and account top-ups. With a low starting deposit of just $1, it will also meet the needs of beginners and traders on a budget.
New broker?
Just noticed that bonus time frame has changed from 30 days to 15 calendar days. So , instead of 2 lots for 30 days, terms get like 4 lots in 15 days. No, Worldtradex is a legit broker with regulatory oversight from the VFSC and the CySEC. Terms and conditions apply to receive it for free as advertised, but all the information is fully transparent and easy to understand.
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