With a brokerage, however, there is no “other person” – you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term – exchange. worldtradex offers its users a wide selection of assets to purchase and trade, in addition to 5 of the main cryptocurrencies. The brokerage is secure and reliable, and is certified in the US, EU, and UK. The commission fees are very low, and you’ll also be able to use the platform on all of your main devices (mobile, desktop, the web).

How To Open A Demo Account

Our independence from brokers and the companies we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria. Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders. Traders also have the option to open Islamic and demo accounts with worldtradex broker to cater to diverse trading needs. The Islamic account complies with Sharia law by eliminating interest charges, making it suitable for Muslim traders. Each account type offers unique features tailored to different trading needs, ensuring that traders can find the most suitable conditions for their style and experience level. For investors who want to trade on the go, worldtradex provides a seamless mobile trading experience with dedicated applications for Android and iOS devices.

Account Minimum

Incorporated in 2006, worldtradex is an online brokerage launched by Success Trade Securities. The broker offers a complete gamut of financial services that include FX, stocks, bonds, futures and options. Besides providing direct market access (DMA), low commissions, the multi-regulated brokerage provides a modern high-speed infrastructure for instant trade execution.

“Execution is strong, but you’ll need your own tools”

The US brokerage employs a market maker straight-through processing (STP) broker model. It supports the trade of mutual funds, stocks and bonds, ETFs, futures and futures options. On its website, claims to have integrated modern technologies into its wide range of brokerage services to bring about a low priced as well as “fresh and native” trading experience. When it comes to funding methods for new trading accounts, the choices vary depending on which platform a new user wants to trade on.

worldtradex does not charge inactivity fees – a levy we see at many forex brokers we review. Our testing shows that worldtradex offers lower fees than most forex brokers, especially in its premium accounts. In this section we’ll show you how to open a live trading account with worldtradex. The registration process and account activation are fully digital, and the broker’s web page is very initiative and user-friendly. In addition, customer support agents are available 24/7 in case you have any questions. It is a https://worldtradex.live/ member of the Investor Compensation Fund, which guarantees deposit insurance.

Commodity CFD trading on worldtradex

These are drawn from virtually every market within the finance and securities industry including stocks, indices, currencies, and commodities. Unlike most other trading products listed here, futures and futures options trading are lightly covered in the broker’s educational resources and research reports. worldtradex offers a wide range of tradable instruments, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks. There are more than 30,000 instruments available through various trading platforms and account types. worldtradex is one of the few brokers that can offer access to trading a wide range of asset classes, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks. The broker also provides a range of trading platforms including MetaTrader 4, MetaTrader 5, CQG, J2TX, and Sterling Trader Pro.

They have mobile-optimized charts, multiple order types and facilitate one-click trading. Yet while we enjoy using these features, our team finds that the depth and quality of market research don’t rival alternatives like IG Group. The broker is also a member of the Investor Compensation Fund, which protects clients with compensation of up to €20,000 in the case of an unresolved dispute with the brokerage. First things first, go ahead and open the main web page of worldtradex. You’ll be able to see the “APPLY” button in a green box at the top right corner of the page.

How Long Do Withdrawals Take At worldtradex?

While users on the J2TX platform can only fund their accounts with Ethereum bought via Visa or MasterCard, forex and CFD traders with the broker have more options available. Among these are all the traditional payment methods such as bank transfer, major credit and debit cards, and e-wallet services like Skrill, Neteller, WebMoney, Qiwi, and many others. The broker’s self-service resources receive generally positive mentions, with users appreciating the detailed FAQ section and platform demos. In this review of worldtradex, we’ll discuss the broker’s safety policies and regulations, trading platforms, account types, trading fees, and more. worldtradex is regulated in Cyprus, offering more than 30,000 instruments for trading. There’s a wide range of account types available, including the full set of MetaTrader platforms and traders get 24/7 online customer support.

• J2T Copy is also available with a low minimum investment of $100, making it accessible to beginners.
• Some of their shared features include real-time access to the US exchange markets, access to real-time quotes, customizable interfaces, and the fact that they host several technical indicators.
• More examples of raw spread you may see below, as well compare worldtradex fees to another Eightcap.
• From on our assessment, worldtradex provides an average offering of market research.

Distinctive features

For me it’s strong 10/10, because I’m tired of overcomplicated platforms and this one is exactly what I wanted to find. Companies on Trustpilot can’t offer incentives or pay to hide any reviews. Besides, worldtradex is a member of the Securities Investor Protection Corporation (SIPC) and the Investor Compensation Fund (ICF).

The broker ensures customers get easily accessible real-time assistance during standard hours (9 – 6 EST) via a live representative. They also extend their reach to cater to queries during extended hours. Details regarding futures trading fees are subject to verification, and potential traders should consult worldtradex’s official platform for accurate, real-time information. The CFD fees are added to the broker’s spreads, promoting a more affordable trading experience for users trading CFDs. Their demo account is a masterstroke, offering a robust training ground for those looking to hone their strategies without financial risks.

Therefore with a purpose to protect consumers leverage ratio for regular traders is a way smaller than Forex offered before or as the offshore broker offers. One of the better, albeit less-known cryptocurrency exchange and asset brokerage alternatives. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice.

• When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term – exchange.
• The worldtradex broker offers a wide range of trading instruments and provides professional support.
• Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker.

Feedback and rankings from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders. This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices. worldtradex’s web platform allows traders to access their accounts directly through a browser, ensuring easy access without software downloads. In this broker US review, we will be vetting the truthfulness of these claims, analyze the brokerage products and detail the nature of its services. This should help you form an opinion on the reliability of the online broker and aid your decision on whether to trust them with your cash. There are three account types designed by worldtradex that are defined by the execution technology, or by the type of the trader you may be.

Indeed, the curating, sourcing, and organization of this process requires substantial financial investment by Tradersunion.com, which the website earns in the form of advertising payments. There are two types of advertising services on the website — direct advertising or partner (broker) participation programs. However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, Worldtradex forex broker or ratings.