These findings are based on our first-hand experience trading at WorldTradex and take into account the overall experience for day traders. Forex Broker Guru is a dedicated website that offers in-depth and detailed reviews of various brokers in the forex market. Our platform provides comprehensive insights into the performance, features, and reliability of different forex brokers. Count on Forex Broker Guru to bring clarity to the world of forex brokers and elevate your trading experience. WorldTradex caters to a diverse range of traders by offering various account types, including Standard, XL ECN, and Advanced ECN accounts. Each account type comes with its unique features, allowing traders to choose the one that aligns with their trading preferences and strategies.

Withdrawal Fee

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. Looking at the negatives, the coverage outside Europe, while fairly industry standard is disappointing, with the global entity registered in Nevis as an International Business Corporation (license number C55272). No, WorldTradex is a legit broker with regulatory oversight from the VFSC and the CySEC. Terms and conditions apply to receive it for free as advertised, but all the information is fully transparent and easy to understand.

Is WorldTradex regulated?

The FAQ section answers many of the most common questions, and WorldTradex is transparent about its products and services. Most traders are unlikely to require additional assistance unless of an emergency. Unlike Dealing Desk brokers, WorldTradex never opposes client trades, ensuring a seamless and transparent trading experience.

• Our stance as a Non-Dealing Desk broker ensures there’s never a conflicting interest with our clients, and our trades remain anonymous to our liquidity providers.
• This works extremely well with MT4’s expert advisors for automated trading, and I frequently make use of it when trading on WorldTradex.
• This dynamic pricing mechanism creates a professional trading sphere for all levels of traders, opening avenues for enhanced profitable trading.
• Once these steps are completed, traders can access their account and begin trading immediately.
• New currency traders will enjoy the $0 minimum deposit, education and trading resources, plus the zero commission policy.
• Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.

MetaTrader platforms

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. WorldTradex operates on a spread-only model, with spreads starting as low as 0 on major currency pairs. Our ECN XL account has all the features and benefits you https://worldtradex.world/ would expect and demand from an ECN/STP broker who has always been right at the cutting edge of industry development. It is one of the most advanced trading accounts, packed full of features and benefits, currently available in the forex industry. Whatever your level of trading experience or demands, we believe we have the right account for you.

FX CC spread live mt4/mt5 accounts

• Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.
• 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.
• On the negative side, there is a slim selection of trading platforms with access to MetaTrader 4 (MT4) only.
• While an interactive course or videos are not available, the existing content provides a well-thought-through introduction to trading.
• I always like to check an economic calendar before take a decision on the trade.
• It is the feature of honesty in terms of pricing and execution that makes the customers interested and votes with plentiful positive reviews and ratings.
• However, some FX specialists like Forex.com offer thousands of additional instruments, so it’s disappointing to find just 27 non-forex assets on the WorldTradex platform.

Positives are the no minimum deposit, free demo account and excellent support, however it lacks the educational tools or social trading features provided by category leaders like eToro. MetaTrader 4 is a series of platforms designed by MetaQuotes Software Corporation. MetaQuotes Software Corp. is a software development company which began trading in 2000. 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 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.

The ECN XL Account: A Synthesis of VIP Services & Cost-Efficient Trading

This is low compared to many brokers, but it’s still a downside since rivals like Vantage charge nothing, making them a better fit for casual traders. Besides the very frustrating withdrawal charge, WorldTradex’s non-trading fees include a $5 inactivity fee charged after 120 days of dormancy. The most frustrating absence is stocks, which are entirely missing, though traders can at least speculate on stock markets through index CFDs. On the surface, this is an ideal offering that provides the best of both worlds, though in practice we found some instruments pricier than others, so you shouldn’t expect superior pricing across the board. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the ECN XL account. 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.

Another bonus for us is the $0 minimum deposit and 0.01 minimum lot size, which makes WorldTradex more accessible than forex brokers such as Plus500 and AvaTrade, both requiring a minimum deposit of $100. On the negative side, there is a slim selection of trading platforms with access to MetaTrader 4 (MT4) only. Our team is also disappointed by the withdrawal fees and weak regulatory oversight through the offshore branch.