Lastly, Instruments are mainly based on CFDs and there is no real Investment in Stocks or Shares available, yet it is not a big Con since worldtradex specializes particularly as CFD trading provider. With a low minimum deposit requirement of just $100, worldtradex is accessible to traders of all experience levels. They include bank wires, credit/debit cards, online payment processors, and cryptocurrencies. Clients may access all available options from their back office, where worldtradex lists all payment processors transparently.
Test of the worldtradex trading platforms
Regulated by ASIC and CySEC, and offering international services under offshore regulation, it ensures a secure trading environment. However, traders outside Australia and Europe should be mindful of regulatory differences. worldtradex has a low minimum deposit and offers a range of fee-free deposit and withdrawal methods. From the ECN/STP market access, MAM/PAMM accounts, great platforms, incredible support team, unique features, and varied account types, worldtradex stands out and proves why they are among the best. Trading Forex, CFD, Options, and other financial instruments carry a high risk of loss and are not suitable for all investors.
- Commodities, indices, and cryptocurrencies remain free of additional costs, which remain included in the markup.
- They include HSBC, Goldman Sachs, JP Morgan, and Barclays, among others.
- You would also be able to have access to the MetaTrader market and MQL4 community.
- The option to trade with an Islamic Account further enhances worldtradex’ accessibility for a broader range of traders.
- Overall, worldtradex is a strong choice for traders of varying levels of experience.
- However, spreads are offered from no minimum but a fee of $3.50 AUD per lot per trade.
worldtradex Customer Service Experience
Money managers easily calculate the performance fees for all of their clients. The mobile version of worldtradex’s trading platform is available to be downloaded on both Android and Apple devices including your iPhone, iPad, and iPod Touch. Let’s explore the features of the Mobile Trading App that make it a great trading app for traders below. The minimum spread for AUDCAD is 0.0 pips for a raw ECN account while for a standard account, the average spread is 1.9 pips.
Platforms Offered
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
Trading Conditions
- The commission structure is highly competitive and a free 24-hour phone broking service is included.
- Custom deals and payment structures are available, ensuring that partners can maximize their earnings depending on their performance and client base.
- First Prudential Markets LTD remains authorized by the Cyprus Securities and Exchange Commission (CySEC), a leading Forex regulator.
- We are not liable for losses that resulting from the information provided on our site.
- Meanwhile, the Raw Account provides tighter spreads from 0.0 pips but includes a $3 commission per lot on each trade.
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. Processing times also depend on the chosen method, and worldtradex notes one https://worldtradex.world/ business day for internal processing times. Per AML guidelines, the name on the trading account and payment processor must be identical.
Any and all partnerships with industry regulars are not and should not, be viewed as an endorsement or recommendations by topfxbrokersreview.com, even though we may be sponsored by some of the brokers. We are not liable for losses that resulting from the information provided on our site. For CFD traders, there are three account types offered by worldtradex. The Standard IRESS Account has a minimum deposit requirement of $1,000 AUD or equivalent. If a trader generates at least a $150 AUD commission in a month, then the $55 GST fee per month is waived. Also, there is a monthly GST fee of $22 AUD that is waived for ASX data whenever the trader generates at least $50 AUD of commission in a month.
Is the worldtradex platform regulated? – Regulation and safety for customers
All the essentials are here, which means that you can enjoy trading with this broker, without lacking any of the important things any trader can want. They offer support in English, Chinese, Thai, German, Portuguese, Italian, French, and other languages. There is video analysis, just like with their education, if you understand visual presentation better than words on a page. Compared to the other brokers on the market, this level of analysis is nothing short of impressive. The complete Iress suite contains Iress ViewPoint, Iress Trader, and Iress Investor (for when you want to do some Direct Market access trading). With this platform, you will get many of the same features that MetaTrader has.
It is a shame that they don’t provide the Islamic account on the IRESS platform as it limits the available instruments to you if you need this account type due to your religious beliefs. worldtradex provides an excellent range of platforms to meet various trading tastes and suite wide range of best strategies. Platform including MetaTrader 4, MetaTrader 5, cTrader, TradingView and Proprietary Software along with social and Copy trading platforms. We mark worldtradex as a well-regulated broker with good trading conditions suitable for beginners and experienced traders alike. The points to admit as great at worldtradex are low pricing, good trading proposal with a wide and comprehensive selection of platforms and ECN trading with excellent trading education. Besides, Broker is constantly growing and we see good development not only in the proposal but in its global coverage too.