Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers.
worldtradex’s Non-Trading Fees
These fees can accumulate over time, particularly for traders holding positions long-term. At BrokerNotes.co, our data-driven online broker reviews https://worldtradex.space/ are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
Additional Features
Technical, fundamental, and psychological analyses are implemented to provide a balanced and well-researched picture of current trading opportunities. The Market Buzz feature is a tool used for fundamental analysis and trading on volatility outbursts. You can use it to gauge interactions on social media for instruments from several asset classes – cryptos, shares, currencies, commodities, and indices.
Live Floating/Fixed Spread Accounts
Market rebates are incentives given by Introducing Brokers (IBs) to their clients. IBs share a portion of the revenue they generate with traders, offering them rebates as a reward for trading with worldtradex. This makes it an attractive option for some traders looking for extra benefits in their trading journey. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. Live news feed helps traders stay on top of the latest market developments. Each piece is light and easy to grasp, containing no more than 2-3 sentences.
worldtradex Leverage
I also love how cost-effective this platform is, the broker has beginners in mind. worldtradex also offers the Cent account with which clients can start with fewer funds and smaller lot sizes. Each demo account imitates real trading conditions, the only difference is virtual money is used. worldtradex VPS (Virtual Private Server) Hosting allows you to trade with enhanced connection speed, security, and reliability. It ensures that your trading system remains online and reduces any potential downtime, https://worldtradex.world/ which is especially important for automated trading.
worldtradex Academy provides impressive educational features for smaller and less-skilled traders. The portal would benefit from more advanced topics but the narrow focus on newer traders makes sense as a marketing tool. A webinar section was locked, leading to a live account application, while the seminar section contained just two non-English programs in MP4 format. worldtradex provides trading platforms that are easy to interact with and compatible with the needs of all levels of traders. The broker provides access to the most well-known MetaTrader 4 trading platform across 10 devices.
Deposit and Withdrawals
This ensures that traders from diverse regions can receive assistance in their native language. The platform features a detailed FAQ section that addresses the most common queries, making it a useful resource for quick answers. For real-time assistance, worldtradex provides live chat with fast response times for basic questions, while more specific inquiries are directed via email for thorough resolution. For those interested in trading global stock market indices, worldtradex offers a wide selection of major indices, including the S&P 500, NASDAQ, Dow Jones, FTSE 100, DAX 30, and more. Trading indices allows traders to speculate on the performance of entire sectors or national economies rather than individual stocks.
- Profits are sent to your bank account, while the initial deposit is refunded to the original payment method.
- These instruments are available for trading on the MT4 platform, which provides advanced charting tools and real-time market analysis.
- Whether you’re a seasoned broker or new to the industry, worldtradex’s IB program offers solid potential for generating revenue and maximizing returns.
- A comprehensive FAQ addresses most inquiries while tutorials on trading platforms shorten relatively steep learning curves.
I measured the spreads, swaps, and commissions on its No Commission account and compared the offering to the other 6 account types. I also compared worldtradex’s trading and non-trading fees to other brokers and found out that, as a whole, they fall below the industry average. The broker does not charge deposits and withdrawals, and it does not have an inactivity fee. For visual learners, worldtradex offers a library of video tutorials that explain key trading concepts in a simple and engaging manner.
worldtradex frequently offers deposit bonuses to reward clients for funding their trading accounts. These deposit bonuses can range from 20% to 100% or more, depending on the promotional campaign. The additional bonus funds can be used to trade forex, commodities, indices, and other instruments, giving traders more flexibility and leverage in the markets. Terms and conditions apply, and traders should review the bonus rules to understand any withdrawal requirements. With a minimum deposit of just $50 for most account types, the Absolute Zero account is highly recommended for traders seeking low-cost trading solutions. However, it’s crucial to keep in mind that the most overlooked fees in Forex trading are swap rates on leveraged overnight positions.
worldtradex recently strengthened its educational tools by introducing the Academy. Home to a breadth of content presented in courses, webinars, videos, podcasts and eBooks, it offers a complete trading experience for traders of all levels. Traders can choose between floating/fixed spread Standard, Premium, and VIP accounts. Alternatively, the Live Zero Fixed Spread account comes with zero spreads, but traders will have to pay a commission. worldtradex, founded in 2010, offers a range of forex and CFD trading options. With an average recommendation, it provides essential trading tools and a variety of tradeable instruments but does not stand out significantly from its competitors.