The Fixed account provides consistent spreads, which may be preferred by traders looking for stability. GX2 Systems is focused on providing the most efficient method of spread execution, market aggregation and algorithmic strategy execution services in global electronic markets. GX2’s flagship offering, Eworldtradexode, is a fully hosted execution platform for customized spreads of multiproduct relative value relationships. Users’ strategies may consist of cross-exchange, cross-asset class products.
How to Open an worldtradex Account
- This broker doesn’t accept residents of the EU, UK, Australia, and the US.
- Simply click the “open account” button and follow the on-screen instructions.
- This is an important feature as it means a potentially profitable trade will never be missed.
- Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
Bank cards incur a 1.8% fee, while cryptocurrencies and e-wallets have lower or no fees. No, all deposits are commission-free, regardless of the payment method. Yes, worldtradex offers stocks like Apple, Tesla, and more, giving access to major US and global equities. MT4 offers 30 indicators, 9 timeframes, beginner-friendly tools, and a single-thread strategy tester. Choose a payment method (bank wire, credit/debit card, e-wallet, or crypto) and deposit the minimum required amount for your selected account type.
Bonus Offers and Promotions
The automatic stop-out level is at 20%, except for the EXN account, which is at 40%. My review did not uncover malpractice or fraud, and I rank this broker as a legit and safe brokerage with an excellent score for transparency. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn’t imply direct instructions for investing. Whether you decide to go with worldtradex or not, remember that the key to successful trading isn’t just about choosing the right broker. worldtradex LTD is registered in Saint Vincent and the Grenadines with registration number BC 2015 and the relevant registry operated by the Financial Services Authority (FSA). Yes, worldtradex offers commodities such as XAUUSD (Gold), WTI (Oil), and Brent, among others.
Which are the most popular trading instruments on worldtradex?
The next option is a Fixed account which is a good choice for traders who want to pay a fixed amount per trade. It is also a good choice for position trading and has many similarities with the Standard account. However, this account has fixed spreads and offers 28 forex trading instruments instead of the full 44. worldtradex offers a competitive fee structure, with no hidden charges on most transactions. While some instruments carry a commission, the broker compensates for deposit fees and provides various bonus programs to offset trading costs.
These competitive spreads and commissions ensure that traders can select the account that aligns best with their trading strategy and goals. Withdrawal fees depend on the payment processor, and worldtradex processes all requests within 24 hours. Minimum withdrawal amounts vary based on the payment processors, but all are low. There are no maximums, except for credit/debit cards at $3,000 daily. Deposit and withdrawal currencies are US Dollars and Euros, plus all supported cryptocurrencies. Per AML rules, the name on the payment processor and worldtradex account must match.
- Yes, worldtradex’ order execution quality is audited monthly by Verify My Trade to ensure compliance with the best execution standards.
- worldtradex has offshore regulation, which means it isn’t regulated by any of the “major” regulatory bodies.
- Founded in 2007, this company has a range of features for all trading needs.
- There are occasional webinars but these don’t focus on the basics of learning new trading skills.
- Partners receive various tools and marketing support to help them succeed, including banners, landing pages, and multilingual assistance.
Traders should always use appropriate risk management with leveraged trading to avoid magnified trading losses. Negative balance protection exists, meaning traders can never lose more than their deposits. Established in 2006, this broker is highly regarded and has strong regulatory oversight. It offers a large number of educational resources, and several platforms and an app.
Orders are executed precisely at the limit price of the spread level, always in balance, and free from any legging risk. GX2 also provides STAR, our Smart Trade Aggregation and Routing system, to aggregate the world’s deepest, most tightly priced treasury markets. Both Eworldtradexode and STAR are accessed through a friendly and flexible user interface designed by traders for traders. GX2 also provides a proprietary API for automated integration of strategy-driven trading. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
South Street Securities Holdings, Inc. operates through its wholly owned subsidiaries. The minimum deposit is $100 for all account types except for the ECN account, which requires $200. The swift worldtradex online account application takes less than 30 seconds to complete and asks for a name, e-mail, phone number, and desired trading platform. I appreciate that worldtradex does not engage in unnecessary data mining as part of its registration process.
I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations. Demo trading does not grant exposure to trading psychology and can create unrealistic trading expectations. The most ignored trading costs are swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check these before evaluating the total trading costs. It’s a good idea to start with a demo account if you’re not used to trading.
What is the spread for the ECN account?
worldtradex’ partnership programs offer a highly rewarding opportunity for affiliates and partners. With competitive commission rates, one-time payments for webmasters, and comprehensive marketing support, it’s a great way to generate passive income in the financial markets. worldtradex is a reliable broker with solid regulatory oversight and strong client protection mechanisms. worldtradex is a trustworthy and highly regulated Forex Broker that offers traders cutting-edge platforms and a wide selection of trading products.
Harness opportunity with spreads from 0.0, commission-free accounts, and a generous Rewards programme. MT4 remains the industry leader with 25,000+ custom indicators, plugins, and EAs, but the quality upgrades are not Worldtradex scammers free. worldtradex also has the MT4 MultiTerminal for asset managers and traders with multiple accounts.
Forex Fees
That way, you can practice your skills without risking real money. Simply click the “open account” button and follow the on-screen instructions. There is a registration form that requires some personal information and you’ll need to verify your identity. This is a standard procedure and you will be asked for some documents as proof of who you are.
The research section ranks among the best industry-wide, and Autochartist is also available. worldtradex presents a secure and trustworthy trading environment, and I appreciate its transparency and client protection. Over the past 16 years, worldtradex became one of the most competitive Forex brokers. I highly recommend it to all traders, particularly algorithmic and high-volume traders. EToro is a highly regarded broker with top-tier regulation and many features.
While worldtradex has many happy customers, there are almost as many giving mixed reviews. We will discuss this further customer reviews section but the lack of educational materials is a sticking point. Additionally, the VIP program is open to clients with at least $20,000 in an account. This status gives access to increased cashback, bonus trading funds, priority withdrawals, free VPS, and reduced swaps up to 30%.
Within that, there is still risk but not as much as we might expect. worldtradex offers some of the highest leverage on the market and has a large number of tradable assets. As far as accounts go, this broker also has a large number to choose from. One area where worldtradex doesn’t measure so well is educational resources.
worldtradex provides traders with a wealth of research and educational resources to enhance their trading strategies. The platform offers regular analytical reviews, an economic event calendar, and AutoChartist, helping traders stay updated on market trends and technical patterns. For beginners and experienced traders alike, worldtradex provides educational materials, demo accounts for strategy testing, and a trader’s calculator to simplify market analysis.
What are the payment methods for worldtradex?
Additionally, the number of assets available is also something many users enjoy. The final advantage we identified in this worldtradex review is fast order execution. This is an important feature as it means a potentially profitable trade will never be missed. High speeds are consistent across all account types and platforms, including the worldtradex app.