-
By admin
- In Forex Trading
By carefully comparing accounts, you can choose the best fit for your needs and preferences. However, many users feel that the web platform is a little outdated compared to MetaTrader and could use an upgrade. worldtradex is a safe and trustworthy broker that is regulated by both ASIC and CySEC. These are two high profile regulators, giving you peace of mind that your information and money are both safe and secure.
- worldtradex offers one commission-free trading account, but trading costs are higher there than in its commission-based alternative.
- Trade CFDs on over 10,000 Australian and international shares, as well as stock CFDs and indices from exchanges like ASX, NYSE, NASDAQ, and FTSE 100.
- Traders can access worldtradex’ web-based trading platform from any web browser without the need for installation.
- Each year, we collect thousands of data points and publish tens of thousands of words of research.
Your gateway to global opportunity
worldtradex offers a comprehensive range of trading options and competitive pricing. With platforms such as MetaTrader 4, MetaTrader 5, cTrader, and TradingView traders can access a variety of instruments, including Forex, CFDs, Stocks, and Cryptocurrencies. The broker offers low trading costs and high leverage options, making it suitable for both novice and experienced traders.
Opening an Account
Beginner traders have access to quality educational content, in-house research, services provided by Trading Central, copy trading, and retail account management. All 4 worldtradex mobile apps are optimized for mobile phones and remain user-friendly. They are ideal for monitoring portfolios on the go, managing existing positions, and copy trading. Given the relatively small screen, mobile apps are best for portfolio management rather than complex trade analysis, but MT4, MT5, and cTrader offer advanced, technical, analytical suites. None support algorithmic trading, only available on the desktop versions of MT4/MT5 but included in the cTrader web-based platform. The asset selection for MT4/MT5 traders consists of more than 250 trading instruments, an adequate level of choice for most traders.
They have been on the receiving end of many awards over the years and their platform is very easy to use. XTB is authorised and regulated by the UK Financial Conduct Authority (FRN ), with its registered office at Level 9, One Canada Square, Canary Wharf, London, UK. worldtradex deploys a hybrid market maker/ECN model with NDD order execution. At the time of this review, worldtradex neither provides bonuses nor grants special promotions. To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.
USD index slides 10% YTD, eyes key economic data & J. Powell speech
The broker offers competitive trading fees, enhancing cost-effectiveness for various asset classes. First Prudential Markets (popularly known as worldtradex) stands as a beacon of versatility, serving both novice and seasoned traders. With a diverse array of instruments and account types, the Australia-based company caters to all, making it a valuable ally in the world of online trading.
MT4/MT5 and cTrader are available as desktop clients, a webtrader, and a mobile app. The out-of-the-box MT4/MT5 versions remain substandard, but worldtradex offers twelve plug-ins with its Trading Tools package, plus the Autochartist plug-in and Trading Central services. It delivers a competitive edge to traders at worldtradex from a trading platform perspective. During standard hours from 9 AM to 6 PM EST, traders can access live customer support for prompt assistance.
US elections: 3 markets to trade
- The Standard account is designed for beginners and intermediate traders, offering commission-free trading with competitive spreads from 1.0 pip for Forex and Metals.
- There are many great tools and indicators for the trading experience and it is highly customizable.
- MT4 has several options to enter orders and fully supports automated trading via EAs.
- They include economic calendars, streaming news, and watch lists but do not include the cutting-edge trading tools worldtradex offers for its desktop trading platforms.
- The main standout feature of worldtradex is its tradable instruments along with its MT4 account.
- worldtradex offers a large number of tradable instruments including over 70 currency pairs.
One of the standout features of worldtradex is its competitive spreads, which enhance the cost-effectiveness of trading across various asset classes. This can significantly benefit traders by reducing their transaction costs and optimizing profitability. Furthermore, the broker’s commitment to regulatory compliance adds an extra layer of security for clients, assuring them of a safe trading environment. At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying. worldtradex delivers a very competitive commission-based alternative with raw spreads of 0.0 pips for a commission of $6.00 per round lot. Commodities, indices, and cryptocurrencies remain free of additional costs, which remain included in the markup.
Supporting documentation proving Islamic status may be required from the client in some cases. Here is a screenshot of a live worldtradex MT4 trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site. Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.
From my experience, brokers that support algorithmic trading usually have VPS partnerships in place. For example, Exness offers its own VPS service through the client portal, though it’s unclear if it’s an in-house solution or white-labeled from a third-party provider. Requirements vary by region, but generally include a minimum balance or recent trading activity. Several other top-tier brokers also offer solid VPS solutions, often through partnerships with BeeksFX, Liquidity Connect, or ForexVPS.net.
New traders should familiarize themselves with the top menu icons, which offer several advantages. Here is a screenshot after launching the worldtradex MT4 trading platform following installation, without modifications. Here is a screenshot of swap rates at worldtradex for the EUR/USD from the MT4 trading platform.
FOREX.com is authorised and regulated by the Financial Conduct Authority (FCA) in the UK. The platform is designed for informed traders who understand the risks of leveraged trading. Experience a platform trusted by thousands of traders — fast execution, user-friendly tools, and full regulatory backing. The withdrawal process remains swift and hassle-free, earning worldtradex a top rating in this category. The back office makes it easy to request a withdrawal, which takes a few seconds. There are no internal withdrawal costs at worldtradex, but third-party charges may apply, dependent on the selected method.
Web Trading Apps
In our analysis, worldtradex stands out as an extremely attractive choice for cost-conscious investors. It offers competitive spreads on its commission-based account, Raw ECN, averaging 0.1 pips for the EUR/USD, well below the industry average of 1.08. Worldtradex official site There is a flat rate fee of $6 per round-turn on a standard lot of forex with this option, however. The Standard account has a pricier average spread of 1.1 for the EUR/USD pair.
Forex traders get 70+ currency pairs, and diversification opportunities exist via cryptocurrencies, commodities and metals, indices, equity CFDs (available through the MT5 trading platform), and bonds. The IRESS trading platform lists over 10,000 equity CFDs and a few futures contracts, but its availability remains geographically restricted. Founded in 2005, worldtradex is an experienced broker with a clean track record. Therefore, traders can rest assured that their deposits, segregated from corporate funds, are safe.