It also operates an unregulated but duly registered subsidiary in Vanuatu, where most international clients trade. 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 free margin.
It maintains sufficient capital reserves, segregates client deposits from corporate funds, offers negative balance protection, and undergoes audits. For traders specifically interested in copy trading, it may be worth exploring other brokers that offer this feature. It’s always advisable to check worldtradex’s official website or contact their customer support for the most up-to-date information on available features and services. worldtradex provides clients with daily technical analysis for the EUR/USD, GBP/USD, and USD/JPY.
Regulated, Transparent and Fair Trading
The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” 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 raw spreads, an unusual offer, presenting Forex traders with a notable edge. 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.
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. The average spread for major currency pairs is below 0.5 pips or less than $5.00 per lot, offering traders a distinct pricing environment advantage. A responsive and knowledgeable customer support team is a hallmark of worldtradex. Traders can access assistance via live chat, email, or phone, ensuring prompt resolution of queries.
Best Forex No Deposit Bonus Offers at Regulated Broker
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. worldtradex offers beginner traders a sound educational offering from where https://worldtradex.blog/ traders can expand. While an interactive course or videos are not available, the existing content provides a well-thought-through introduction to trading. 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 Leverage
Quotes remain sourced from multiple liquidity providers and matched for the best possible execution. Here is a screenshot of the worldtradex quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. TradingFinder.com assumes no responsibility for any potential losses or damages. Past results are no guarantee of future success, so make your financial and investment decisions with utmost care. For further information regarding the Payment Service Providers please visit the deposit methods page. No, worldtradex is a legit broker with regulatory oversight from the VFSC and the CySEC.
worldtradex strives to provide new and existing real clients various promotional offerings. Everything is created with the client in mind, helping to enhance their trading experience. This company primarily offers one trading account type, the ECN XL account. worldtradex offers traders the core MT4 trading platform without third-party upgrades. worldtradex lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and Brent.
worldtradex Trading Hours (GMT +
For completing your profile and verification, provide additional personal information on the website, and submit the required identity and residence documents.
- One of the most ignored trading costs is swap rates on leveraged overnight positions.
- This diversity allows traders to build diversified portfolios and explore various market opportunities, catering to both short-term and long-term trading strategies.
- Client deposits remain segregated from corporate funds at both entities with leading international banks, but worldtradex does not list them.
- Since worldtradex is a regulated and fully compliant broker, new traders must pass account verification per AML/KYC stipulations.
Additionally, worldtradex provides educational resources, including webinars and tutorials, to support traders at all levels in enhancing their trading skills. worldtradex offers a comprehensive range of tradable instruments, including major and minor currency pairs, commodities, indices, and metals. This diversity allows traders to build diversified portfolios and explore various market https://worldtradex.world/ opportunities, catering to both short-term and long-term trading strategies. 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.
Since worldtradex is a regulated and fully compliant broker, new traders must pass account verification per AML/KYC stipulations. A copy of the ID and one proof of residency documents usually satisfies this final step. Also, there are no other fees, including deposit or inactivity costs. worldtradex brings a 100% Start-Up Bonus along with the cashback facilities to trade in the Global Market Place.
Overall, based on the numbers above, one can say that the brokerage has achieved acceptable scores from users and trust platforms. Based on the information on the website, the support department is available 24 hours, Monday to Friday. Traders looking for a more extensive selection, particularly in stocks or exotic instruments, may find the offering somewhat limited compared to some larger brokers. The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed. Traders have access to numerous deposit and withdrawal options at worldtradex.
The Vanuatu Financial Services Commission (VFSC) provides worldtradex with a competitive regulatory environment for international clients. EEA-based traders manage their portfolios from a subsidiary that is authorized by the Cyprus Securities and Exchange Commission (CySEC). The Cyprus Investor Compensation Fund (ICF) protects retail trades in the event of insolvency up to €20,000.