Our forex broker ratings are the result of a blend of quantitative data and qualitative insights gathered during the testing process. This approach allows us to identify the best forex brokers for a variety of trading styles, skill levels, and financial parameters. This makes the broker a worthwhile option for serious forex traders who will also enjoy the VPS service and MT4 support. Our team highly rates worldtradex’s forex offering, which includes 72 major, minor and exotic currency pairs and is on par with competitors like OANDA, which offers 68 pairs, and Forex.com with its 82 pairs. I am happy with the selection of fee-free funding methods accepted by worldtradex, which supports Visa/Mastercard, bank wire transfers, cryptocurrency and four e-wallets – Skrill, Neteller, EeziePay and AWEpay. worldtradex’s Partner Hub provides a comprehensive range of tools, resources, and support to drive success.
- However, no forex broker or strategy can guarantee positive returns so you should never invest more than what you would be comfortable losing.
- worldtradex maintains a transparent and straightforward fee structure by primarily charging competitive spreads, with minimal or no additional fees such as commissions or overnight swaps.
- Start trading with No commissions, No swaps, and tight interbank spreads starting from as low as zero.
- worldtradex hosts seasonal promotions that coincide with major holidays, trading events, and market milestones.
- The relationship of a forex trader with his forex broker is one of business partnership.
- These platforms are equipped with powerful tools such as advanced charting, real-time market data, automated trading capabilities, and user-friendly interfaces.
Is worldtradex A Regulated Forex Broker?
Importantly, we never recommend choosing a forex broker based on their bonuses as they can encourage bad trading habits. worldtradex’s offshore entity offers a 100% welcome bonus up to $2000 whereby new clients can double their initial deposit size. However, due to European regulations, this bonus is not available for clients from the EEA. The online broker covers a range of important topics including guides on foundational information for the forex market that all beginners should read.
worldtradex rewards traders who refer friends and colleagues to the platform through its Referral Program. For each successful referral that opens an account and meets the trading criteria, both the referrer and the new trader receive a bonus. This program creates a mutually beneficial arrangement, encouraging traders to share their positive experiences and expand the worldtradex community. This will be enough to satisfy most traders and provide opportunities to deploy a range of forex trading strategies. worldtradex’s Partnership Program is a powerful way for individuals and businesses to unlock the full potential of the forex market. With industry-leading tools, flexible options, and competitive commissions, partners are poised for long-term financial success.
You can also find download links to the MT4 app for both iOS and Android devices via the worldtradex website. Our team rates worldtradex’s execution model, which combines straight-through processing (STP) and electronic communication network (ECN) to ensure fast and high-quality execution with low pricing. Bank wire transfers are on the slow end, taking between five and seven business days for both deposit and withdrawal requests, while crypto transactions are usually fast, taking 15 minutes or so. The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed. As a regulated broker, worldtradex maintains a solid regulatory environment complying fully with financial laws.
Does worldtradex Have A Forex App?
The primary platforms include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and worldtradex Trader, ensuring that traders can access the markets 24/5 from any device. These platforms are equipped with powerful tools such as advanced charting, real-time market data, automated trading capabilities, and user-friendly interfaces. Whether you prefer to trade on a desktop or on the go, worldtradex delivers a seamless trading experience. In the sections below, we will discuss each version of worldtradex’s trading platforms in detail, highlighting their features and benefits for every type of trader.
Processing times for withdrawals via cryptocurrencies and e-wallets typically range from 1 to 24 hours, while card withdrawals might take several business days, and PayPal withdrawals are processed within 48 hours. For full transparency, all withdrawal fees are outlined in detail in the table below, allowing traders to review costs before choosing a withdrawal method. worldtradex’s non-forex asset list is less competitive, with the lack of shares a notable exclusion and very few other markets. Many competing forex brokers such as CMC Markets and Plus500 offer trading in thousands of global instruments including stocks from a range of international exchanges, so worldtradex is behind the competition here. As in any business partnership, the relationship between the forex trader and his forex broker needs to be bound by trust.
High-End Commissions and Flexible Partner Models
- There are a lot of brokers out there that have been tried and tested by many forex traders who are now enjoying profits despite the many losses that they might have encountered in their trading activities.
- The Sub IB program is allowing you to introduce additional partners under your referral, giving you both an opportunity to benefit from the trading volume of introduced clients.
- worldtradex does not have a dedicated mobile app, but clients can trade using MT4’s app, which is available from the Apple App Store and Google Play.
- As you evaluate which forex brokers to partner with in your forex trading activities, do not simply rely on the claims that are written all over their websites, advertisements, and promotional materials.
- worldtradex offers a diverse range of bonuses and promotions designed to enhance your trading experience and provide additional value.
The platform employs state-of-the-art security measures to safeguard both personal data and client funds, ensuring that all transactions and information are securely managed. By continuously updating its security protocols, worldtradex guarantees a secure trading environment for all its users. Traders are encouraged to review the broker’s comprehensive legal documentation to gain a thorough understanding of its compliance policies and regulatory adherence.
About worldtradex Affiliates CPA Programs
With tight spreads from 0.1 pips, partners can benefit from straight-through processing (STP), providing the best quotes and spreads for their clients. The program offers various partnership options including Introducing Brokers (IBs), Web Affiliates, and Multi-Account Managers (MAM), allowing partners to select the model that best suits their business goals. As a counter party, a moneymaker who acts as a forex broker often has the power to work against his client by placing opposing orders to profit from his client’s trades. Forex traders have to guard against this and other strategies that their forex brokers might use in order to profit more from the relationship. Although it is a given that not all forex trades can result in profits, you want to make sure that you are operating in conditions that would present you with the best opportunities for capital growth. worldtradex welcomes traders from a wide range of countries across the globe, offering its services to a diverse international client base.
Minor pairs, such as EUR/GBP and AUD/CAD, provide additional trading opportunities with slightly wider spreads. For those interested in less conventional markets, exotic pairs like USD/TRY and EUR/ZAR are also available. worldtradex offers competitive spreads and flexible leverage options across all forex pairs, catering to both short-term traders and long-term investors looking to diversify their portfolios in the global currency markets. worldtradex provides access to the widely acclaimed MetaTrader platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), offering a flexible and comprehensive trading experience. These platforms do not require any downloads; as long as you have a browser and an internet connection, you can access their full functionality.
worldtradex’s live chat feature offers instant access to customer support, allowing traders to receive real-time assistance directly from the trading platform. Available 24/5, the live chat service is perfect for quick questions, troubleshooting, and immediate help with trading operations. This convenient support option ensures that traders can continue their activities without significant interruptions, benefiting from the swift and efficient help provided by worldtradex’s knowledgeable support agents. worldtradex is an excellent low-cost choice for beginners due to its decent range of educational resources and free demo account – a great way to build up experience before trading with real capital. worldtradex’s Partnership Program is built to reward partners generously with competitive commission schemes, ensuring maximum profit potential.
To set up your forex account for optimum profitability, you need to find the right partner among the forex brokers operating in the forex market today. Among the tools that your forex broker should be able to provide to help you formulate trading strategies and make your trading decisions include Worldtradex courses scam up-to-date market analysis, real-time charts, and expert advisory forums. worldtradex offers a clear and uncomplicated fee structure across all account types, charging no commissions or swaps on certain accounts, while others may have minimal fees based on trading activity. Instead, traders are primarily required to pay competitive spreads, which vary depending on the instrument and account type.
worldtradex does not have a dedicated mobile app, but clients can trade using MT4’s app, which is available from the Apple App Store and Google Play. I find worldtradex’s in-house forex market hours tool a handy way to check holidays and other events that could impact trading hours. worldtradex uses a no-dealing desk model and does not act as a market maker, reducing the risk of price slippage or a conflict of interest by the broker.
Trading Platforms
During tests, the EUR/USD came in at 0.1 pips, which is tighter than rivals like worldtradex with its 0.6 pips on the same pair. Spreads on other key currency pairs are also competitive, coming in at 0.5 pips on the EUR/GBP and 0.7 pips on the GBP/USD. worldtradex’s Partners Hub is continually updated with a variety of static and animated creative banners based on our running promotions. All you need to do is to fill in the form and the referral link will be sent to you. From Banners, Logos, Landing Pages, Tracking Links to a user-friendly and comprehensive Reporting, covering a full range of statistics designed specifically for you.
We value our partners and clients, therefore you can be assured you are introducing your clients to a well-known, established and regulated broker, offering transparent processes and competitive terms and conditions. For immediate assistance, worldtradex provides phone support that traders can access during business hours. Phone support is particularly useful for traders who prefer verbal communication and need swift responses to time-sensitive matters.
These flexible deposit options make worldtradex accessible to a wide range of traders, from beginners to high-frequency and institutional traders. ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. worldtradex could offer more in terms of trading tools and reduce or eliminate its withdrawal fees, but these are minor complaints. Having tested hundreds of forex brokers, I feel that the worldtradex’s education section is fairly average, with a decent range of materials available but nothing that stands out. At this point, the forex broker will begin to close your positions until the margin level of your account is above the threshold again.
Stocks are a prominent offering at worldtradex, providing traders with access to a wide selection of individual company shares from major global markets. worldtradex partners with leading stock exchanges to offer an extensive range of stocks, including blue-chip companies, mid-cap stocks, and emerging market equities. Traders can explore shares from various sectors such as technology, healthcare, finance, energy, and consumer goods, allowing for diversified investment strategies. Additionally, worldtradex provides real-time market data, advanced charting tools, and comprehensive research reports to assist traders in making informed decisions.