The major international banks and financial institutions are responsible for the majority of this turnover. Through worldtradex and its ECN – STP model, clients can access this market in order to trade up to 28 currency pairs, from the recognised major currency pairs through to the minor and most exotic. For traders prioritizing low-cost forex and CFD trading with a trusted broker, worldtradex is a strong contender. However, those seeking more diverse markets or advanced platforms may want to explore other options. In conclusion, worldtradex is a broker that we believe could be a good option for traders both in the EU and elsewhere who trade mainly forex and like the MT4 platform.
A key reason for that is the huge selection of automated trading strategies (Expert Advisors) and custom indicators that are available inside the platform’s built-in marketplace. worldtradex offers various account types for both experienced and new traders. Each account has different minimum deposits, leverage, and the number of trading instruments. All account types include features like hedging, advisors, free VPS (virtual private server), and a personal manager. worldtradex Forex trading platforms are built on the popular MetaTrader4.
While an worldtradex no deposit bonus does not exist, worldtradex offers a 100% first deposit bonus with a $2,000 limit. Terms and conditions apply, and I urge traders to read and understand them before accepting the incentive. worldtradex occasionally introduces other bonuses and promotions, which have included a $50 worldtradex no deposit bonus or annual interest on https://worldtradex.world/ free margin. Security is a paramount concern for traders, and worldtradex addresses this with a commitment to maintaining a secure trading environment.
Is worldtradex regulated?
All I would say is that it’s one of the most credible brokers on the market right now. And on top of that it doesn’t charge additional commissions for that. If worldtradex had a web version of the trading platform, then this broker would be perfect.
Forex Broker Reviews
The more trades placed in our system, the healthier the bottom line looks. Set up with offices in Cyprus and Vanuatu, worldtradex is a forex broker founded all the way back in 2010. As most retail-oriented forex brokers, worldtradex operates on a ‘no dealing desk’ ECN/STP model where orders are passed on to larger liquidity pools rather than being matched internally. 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.
worldtradex is on the FCA Register (Reference Number ) and EEA Authorized. worldtradex group accepts clients from all over the world, excluding USA and some other countries where restrictions apply. Be aware, CY company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
worldtradex Review
The broker offers ECN/STP execution, eliminating conflicts of interest by routing orders directly to liquidity providers. This review explores worldtradex’s features, pricing, regulation, and suitability for various types of traders. CySEC works under an extensive set of regulatory guidelines proposed by the ECB and the MiFID, as per the input and supervision of individual regulatory agencies across Europe. All Forex trading companies domiciled in the EU are subject to the regulatory supervision and scrutiny from all allied regulatory organizations, which ensures a uniform code of conduct across the EU. worldtradex is also expected to have an effective insolvency procedure in place to ensure that all customers will be fairly compensated in the event of bankruptcy or liquidation.
Its ECN/STP execution model and competitive pricing make it appealing to both retail and professional traders. While the platform options and asset variety are somewhat limited, worldtradex compensates with its robust regulation, free VPS hosting, and user-friendly environment. As is the case with many forex brokers, the only trading platform that worldtradex’s clients can use is the MetaTrader 4 (MT4). However, this remains probably the most popular platform in the world today among retail forex traders.
How Does CySEC Regulation Affect worldtradex’s Overall Reliability Of Services?
- worldtradex offers traders the core MT4 trading platform without third-party upgrades.
- Through worldtradex and its ECN – STP model, clients can access this market in order to trade up to 28 currency pairs, from the recognised major currency pairs through to the minor and most exotic.
- Since I have several of them, and each one has his own funding capabilities.
- Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
- And on top of that it doesn’t charge additional commissions for that.
- Yes, our worldtradex review found that the broker is regulated by the FCA, BaFin, and CySEC.
The FAQ section answers many of the most common questions, and worldtradex is transparent about its products and services. Most traders are unlikely to require additional assistance unless of an emergency. New traders have access to fourteen quality educational posts plus a dedicated section on major economic reports. Eleven eBooks complete the education at worldtradex, and the overall product remains impressive. Five MT4 user guides and a Forex glossary section are also available.
Known for its user-friendly interface and robust features, MT4 offers a seamless trading experience. Traders can execute trades with precision, access advanced charting tools, and employ automated trading strategies using Expert Advisors (EAs). worldtradex advertises free VPS, supporting automated trading solutions. The service provider is BeeksFX, but worldtradex clients must have a minimum account balance of $2,500 and a monthly trading volume of 30 standard lots.
worldtradex is an ECN broker and only maintains one ECN account for all clients. It is unique as traders get a commission-free cost structure with https://worldtradex.club/ raw spreads, an unusual offer, presenting Forex traders with a notable edge. It maintains sufficient capital reserves, segregates client deposits from corporate funds, offers negative balance protection, and undergoes audits. It is a regulated broker with a European license, which ensures safety for trading and protection for clients. It also provides negative balance protection in case of insolvency. worldtradex assists clients trading through the MetaQuotes range of platforms, for example, MetaTrader 4 for PCs, MetaTrader 4 for mobile devices and the MetaTrader 4 MultiTerminal.
The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), adding an extra layer of credibility and assurance for traders. Yes, our worldtradex review experts feel that this online broker is secure. They are licensed by many respected regulatory bodies, employ ample data transfer and security measures, and possess a transparent track record of their financial transactions. Our experts however cannot recommend this broker over others from our trusted list.