However, those craving advanced features might yearn for more than what the broker offers. In other words, worldtradex is for the pragmatic trader seeking simplicity and efficiency. Our over 15 years of experience in financial markets and high technical knowledge aid in precise and timely identifications. Our independence from brokers and the companies we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria.

People come here to learn, hang out, practice, trade stocks, and more. Our trade rooms are a great place to get live group mentoring and training. In the world of stock market and options trading, data-driven decisions often make the difference between profit and loss.

worldtradex offers traders a robust customer support infrastructure. The broker ensures customers get easily accessible real-time assistance during standard hours (9 – 6 EST) via a live representative. They also extend their reach to cater to queries during extended hours.

These platforms are equipped with advanced tools and features to enhance the trading experience. For traders who require a more robust platform, worldtradex offers several options. The brokerage recommends the platforms according to the type of security traded.

STOCK TRADING SERVICE

worldtradex periodically offers bonuses and promotions to enhance the trading experience. These may include deposit bonuses, referral programs, and trading contests. Clients are advised to check the official website or contact customer support for the latest offers.

In this review of worldtradex, we’ll discuss the broker’s safety policies and regulations, trading platforms, account types, trading fees, and more. worldtradex offers a wide range of instruments for trading, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks. Trading fees are low and there’s a variety of trading platforms to choose from. On the other hand, traders are charged commissions starting from 3 USD per lot.

In our review, we learn that the broker hosts four proprietary trading platforms and four third party trading platforms. The in-house platforms include the worldtradex+, worldtradex pro, the commission-free worldtradex Lite, and Worldtradex scammers worldtradex mobile apps. They differ in such ways as the depth of their market analysis, access to sophisticated indicators, and platform-based trading costs. worldtradex is regulated in Cyprus, offering more than 30,000 instruments for trading.

The deposit minimum is accessible, making the broker a decent option for seasoned and novice traders. The CFD fees are added to the broker’s spreads, promoting a more affordable trading experience for users trading CFDs. worldtradex offers trading services through Forex and CFD Standard, Forex ECN, and MT5 Global accounts. These accounts have variable spreads from 0.0 pips and trading commissions from $2 per lot. Account creation requires basic personal details and identity verification through a standard KYC process, typically completed within one business day.

worldtradex Broker Bonuses

This service is for clients who prefer to make investment decisions with professional assistance. Using market research of the brokers experienced analyst team, clients can get the opportunity to create their own investment strategies. There is a range of asset management solutions for those who wish to invest their funds in global financial markets, with full control over their investment portfolio. The FIX API is an electronic communications protocol that was developed for the real-time exchange of trade-related information.

worldtradex Commissions & Fees

Recognizing the importance of mobility in today’s trading environment, worldtradex offers mobile applications compatible with both iOS and Android devices. These apps ensure that traders can monitor markets and execute trades on the go. This regulatory framework mandates that worldtradex adheres to strict financial standards, including the segregation of client funds and participation in investor compensation schemes. Such measures are designed to protect clients’ investments and maintain the integrity of the financial markets. Brokerage commission equals 0.006 USD per share on US stocks and commissions start from 1.5 USD per trade. Opening an account with the broker is a quick and easy process with a short online registration form to complete.

• Liquidity is aggregated from major banks which allows them to provide low spreads starting from just 0.0 pips.
• Document each trade’s rationale and parameters to create a personal learning database for strategy refinement.
• The trading apps are ideal for me to take the markets with me in my pocket and get price alert notifications.
• Whatever your interests, there is something for everyone to trade in the way that they want to trade it.

Final Thoughts: worldtradex Review

Understanding these fees is crucial for traders to manage their costs effectively. These can be traded on both the proprietary and third-party trading platforms and their fees are commission-based. Our review further indicates that you can also trade and invest in ETFs that are currently trading on the US exchanges. These can only be traded on the broker’s proprietary trading platforms where worldtradex Pro charges $2.50 per trade but are commission-free on the worldtradex lite platform. Secondly, the ROX platform is a trading platform aimed mostly at stock and options trading in the US, Canada, Mexico, and several European countries. The ROX platform is available for a minimum deposit of USD 3,000, and all trades made here are for the actual securities (no CFDs), and thus comes with a commission on all trades.

This should help you form an opinion on the reliability of the online broker and aid your decision on whether to trust them with your cash. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. The purpose of the ICF is to secure the claims of covered clients against ICF members through the payment of compensation if the necessary preconditions are fulfilled.

Step 2: Time to verify your account

• worldtradex’s web platform allows traders to access their accounts directly through a browser, ensuring easy access without software downloads.
• Each day we have several live streamers showing you the ropes, and talking the community though the action.
• Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
• Despite these concerns, worldtradex remains a competitive brokerage for traders who prioritize low spreads, direct market access, and a wide selection of tradable assets.

The first option is Joint with Rights of Survivorship (JTWROS), and the second is with Tenants in Common (JTIC)s, which offers custodial and trust accounts. In this worldtradex review, we’ll cover their platform, what they do, and pricing. This broker is a US deep discount brokerage owned by WhoTrades, Inc., a Russian-owned company in 2015. Retirement accounts accepted are traditional, Roth, rollover, and SEP IRAs. As for entities, worldtradex offers Corporate, Limited Liability, Partnership, and Sole Proprietorship accounts. However, like any financial undertaking, the choice of a broker should be rooted in meticulous research and informed judgment.

Currently employs over 1200 employees and maintains offices in over eight countries including the United States, China, and the United Kingdom. In this broker review, we vet its reliability and look at how trimmed trading costs have affected this deep discount broker’s effectiveness and competitiveness. And while the choice of instruments is great with worldtradex, the broker also offers access to an impressive number of trading platforms, with five platforms to choose from. As usual, this includes the well-known MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, but also lesser-known platforms like CQG, ROX, and the crypto-based proprietary platform J2TX. worldtradex provides a free, web-based platform that’s more advanced than most brokerage platforms. You get real-time streaming data and analysis and level II market data.

The platform’s automation tools have enabled the company to optimize processes, increase operation speed and accuracy, and reduce risks. Most importantly, with this service, worldtradex is now solving more tasks with the same resources, without additional budget or time costs. worldtradex suits cost-conscious active traders valuing execution efficiency over educational resources. Its commission structure benefits those making multiple weekly trades or maintaining larger positions. Self-directed and technical traders will appreciate the platform’s approach, while absolute beginners might find the learning curve steeper due to limited educational content.

Brokers by Country

However, on Forex and CFD Standard account types, there are only 48 FX pairs. Trading fees on commission-free accounts start from 0.5 pips, which is lower than what most competitors are offering. The broker provides access to trading major, minor, and exotic currency pairs.