The broker uses a price aggregator to ensure that counterparty orders use the best bid and ask prices currently available. This will be enough to satisfy most traders and provide opportunities to deploy a range of forex trading strategies. I like WorldTradex’s floating spread pricing model, which rivals the cheapest zero-commission brokers that I have reviewed. Tight spreads increase the viability of short-term trading strategies, while the no-commission model makes trading with WorldTradex simple for beginners.

Tools

By doing so, we aim to create an optimized trading environment where the incurred costs are minimized, allowing traders to maximize their potential profits and maintain robust financial health. This adherence to providing low spreads is reflective of our dedication to empowering our clients in their trading endeavors. While WorldTradex does not offer stock trading, its comprehensive selection of other instruments, combined with competitive spreads, positions it as a strong choice for traders focused on forex and CFDs. Whether you’re trading major currency pairs or exploring commodity markets, WorldTradex provides the necessary tools and instruments to engage effectively in global financial markets. WorldTradex is a regulated broker offering diverse trading instruments, including CFDs, commodities, currencies, cryptocurrencies, and indices. Licensed under CySEC, MiFID, and MISA, WorldTradex provides competitive spreads starting from 0 with no trading commissions under its ECN XL account, making it an appealing choice for traders seeking low-cost options.

• The alignment of WorldTradex with client trades facilitates counter-party executions, showcasing WorldTradex’s unwavering commitment to client interests, making it a reliable ally for traders.
• The straight-through processing in an ECN environment augments your trading opportunities and escalates your success trajectory.
• Whatever your level of trading experience or demands, we believe we have the right account for you.
• The $30 – $45 charges are way above brokers such as eToro, which only charges $5, and many brokers we evaluate that offer free withdrawals.
• Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option.
• Our team is also disappointed by the withdrawal fees and weak regulatory oversight through the offshore branch.

Deposit Bonus – Receive a 100% Bonus on Deposits (Max Bonus $5, . Bonus credited after required lots are traded.

• Like, they dont lure you in with leverage, dont create 15 account types.
• WorldTradex offers software that can be downloaded for PC, used as a mobile app for trading on the go, and includes a Multi-Terminal for managing multiple accounts at once.
• The most notable is its ECN XL account, which provides spreads starting from 0 with no trading commission, a rarity in the industry.
• Traders have access to a range of Forex tools providing invaluable insights into Forex trading trends, including Forex calculators, live quotes, market hours, and more.
• We are also disappointed with WorldTradex’s monthly inactivity fee of $5, imposed when your account is not funded or you execute no trades over a period of 120 days.

We have not experienced any security concerns during our many hours using the trading platform. One of this platform’s biggest advantages is its support for automated trading via Expert Advisors (EAs), which have long been favored by algorithmic traders and which we feel are yet to be surpassed. WorldTradex offers a decent selection of payment methods including standard card and wire transfers as well as crypto and e-wallet solutions. This is a convenient range and I was especially happy with the inclusion of crypto payments as these are highly flexible and should work for traders based almost anywhere. In alignment with our steadfast commitment to client security, all client funds are meticulously held in segregated accounts.

Islamic traders will also be pleased that a swap-free account is available upon request. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. If you have experience trading with WorldTradex please share your personal review of the broker and what you think are strong and weak points. Honestly, I was having a lot of doubts before I started working with this brokerage company because I have not heard a lot about them. Anyway, after reading some reviews I decided to give it a shot and signed up for this company.

Dynamic Price Aggregation

WorldTradex deploys an ECN/STP execution model and does not manipulate quotes. There are no commissions and tight spreads sourced directly from liquidity providers. While testing WorldTradex, the EUR/USD was available at 0.1 pips and the EUR/GBP at 0.5 https://worldtradex.site/ pips.

The Cyprus Investor Compensation Fund (ICF) protects retail trades in the event of insolvency up to €20,000. 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.

How To Make A Deposit

WorldTradex brand is an international brand that is registered and regulated in various jurisdictions and is committed to offering you the best possible trading experience. To ensure we offer traders accurate and current information, our forex broker reviews also undergo rigorous editing and fact-checking. WorldTradex could offer more in terms of trading tools and reduce or eliminate its withdrawal fees, but these are minor complaints.

What is the minimum deposit requirement at WorldTradex?

On the downside, the offshore branch is unregulated, reducing the broker’s safety rating for global traders. The European branch is licensed by the CySEC, a reputable regulator, and the brokerage has earned a good reputation with over 10 years in the business. I find WorldTradex’s in-house forex market hours tool a handy way to check holidays and other events that could impact trading hours. I rate WorldTradex’s customer service as top-notch in terms of responsiveness and speed. The multilingual support team responded very quickly to my queries over live chat, never taking more than 30 minutes to get back to me. I also find the FAQs section on the website a useful way to solve basic queries.

Placing a trade is a quick and straightforward affair that can be completed in a couple of clicks via the ‘Market Watch’ window or even more smoothly by turning on one-click trading. It was simple to complete the demo registration process within the client portal with the benefit of not having to complete any identity verification requirements. This is a much larger virtual bankroll than almost every other broker we’ve tested, but makes sense given the very high leverage. That said, the bonus could not be withdrawn, and if your account balance reaches below 50% of the available bonus credit, the amount will be removed. This is essentially free credit that can be used for trading purposes, and I was pleased on this occasion that there were no minimum trading requirements. I only really missed having PayPal available since this industry leader is one of the most widely used e-wallets and is accepted by rivals, including XTB and IG.