In conclusion, worldtradex’ commitment to educating traders is commendable. By expanding content, improving organization, and diversifying formats, the broker can continue to empower traders with knowledge, setting itself on par with industry leaders. Forex trading is cost-effective, with tight spreads benefiting traders.
worldtradex offers 24/7 customer support to both retail and professional clients globally through various channels, including phone / call back service, email, live chat, and social media. The company showcases its customer service awards and emphasizes delivering personalized and proactive support. 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. worldtradex offers a comprehensive range of trading instruments across multiple asset classes, providing traders with diverse opportunities to engage in global financial markets. worldtradex is the leading online brokerage of its kind in Australia and this is reflected in their offering of investments. You can get all types of ASX shares in the form of CFDs and you are able to short as many as 300 different CFDs.
Trading conditions at worldtradex
Managed accounts are available for those preferring professional management. The broker’s user-friendly interface, educational resources, and demo account make it suitable for beginners. Simultaneously, its extensive range of instruments, low spreads, and advanced trading tools cater to professional traders.
However, as with any financial decision, it’s essential to conduct thorough research and consider personal trading needs before opening an account with any broker. Overall, worldtradex’ customer support, with its responsiveness, accessibility, and supplementary resources, ensures a positive and well-rounded support experience for traders. These unique features collectively empower traders to navigate the complexities of the financial markets with precision and confidence. In summary, worldtradex demonstrates its commitment to providing traders with the tools and insights they need for successful trading endeavors. worldtradex stands out for the competitive pricing available to forex traders with its ECN account. However, that pricing is only available with the MetaTrader platform, and worldtradex offers only 764 https://worldtradex.site/ symbols on MetaTrader 5 (MT5).
The accounts for the broker are audited annually by the leading firm in the country, BDO Australia. worldtradex has been around since 2005 when they were founded in Australia. They are a CFD and forex broker that is owned by First Prudential Markets Pty Limited. Their headquarters are in Sydney and they have been offering online financial trading for the past 14 years. worldtradex strives to provide valuable educational and research resources to its traders, although there is room for further enhancement and expansion in comparison to certain industry leaders. Overall, worldtradex offers a competitive fee structure, as well as transparency, and flexibility.
Account types at broker worldtradex
worldtradex is a broker regulated by the Australian Securities and Investments Commission (ASIC), which means it complies with Australian financial services laws. It’s worth taking a close look at commissions and spreads, as they have a key impact on the profitability of a transaction. We used the chat service multiple times and consistently received responses within 10 to 30 seconds. The support team was knowledgeable, promptly addressed our questions, and provided links to relevant resources when needed.
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The fees and commission at worldtradex changes depending on what type of account you are signed up to. For example, for a non-leveraged CFD share you will be paying a 0.8% commission and 0.11% for the purchase of a new share. It was only launched at the start of 2017 and it is a direct replacement for their previous software that was known as Iresstrader.
These desktop apps provide advanced charting tools, user-friendly interfaces, and support for MetaTrader, algo-trading, and copy trading, making them suitable for traders of all levels and preferences. Traders can access worldtradex’ web-based trading platform from any web browser without the need for installation. This web platform offers flexibility and accessibility, making it a convenient choice for traders who prefer to trade from various devices and locations. It provides essential trading features and tools, ensuring a smooth trading experience.
- The availability of negative balance protection significantly impacts a trader’s risk management strategy.
- worldtradex offers two main trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are considered among the best on the market.
- worldtradex caters to desktop users by offering trading software compatible with both Windows and Mac operating systems.
- worldtradex is a well-established Forex and CFD broker, regulated by top-tier authorities like ASIC and CySEC since 2005.
Yes, worldtradex is generally considered a legitimate and reputable forex broker. There is no credible evidence to support the claim that worldtradex is a scam. Investing is risky and you may lose some or all of your invested capital. The information provided is for informational and educational purposes only and does not constitute any type of financial advice or investment recommendation. Other useful tools include Trading Central, TradeMedic, AutoChartist, Toolbox (12 online trading tools through MT4/5), MyFXBook and Signal Start. worldtradex offers free educational videos, training guides, live webinars, podcasts, events, platform tutorials, eBooks, a trading glossary and newsletters.
worldtradex may require additional documentation or verification steps before processing a withdrawal. The withdrawal amount will need to be the same amount as your deposit and via the same withdrawal method. Once deposits have been withdrawn, you can use an alternative method to withdraw profits. The choice of payment methods depends on the company that you open an account with, and your country of residence. Please visit the company’s website for a list of all payment methods.
We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary https://worldtradex.club/ or come from third-party providers – and evaluate them based on a host of data-driven variables. Copy trading accounts are available if you prefer to copy other traders, rather than making your own investment decisions. We like the worldtradex copy trading platform because it provides more risk management tools than other platforms.
