Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017. Close all positions, withdraw remaining funds, then email requesting https://worldtradex.club/ account closure. Click Open Live on the website, fill in personal details, choose platform and base currency, upload ID and proof-of-address, then fund the account once KYC is approved.
Deposit and Withdrawal Fees
This includes winning the Most Satisfied Traders award six times, winning the Best Trade Execution award four times and being a winner of the Best Customer Service in the industry. This showcase how much a sterling reputation they have in the brokerage space. There are daily market reports from the Worldtradex analysts, as well as more long term analysis of the markets. They have a section for market news and they also look ahead to upcoming events and identify what sort of effect they may have on the markets.
Once the deposited amount has been returned, profits may be withdrawn via an alternative method. For instance, depositing any currency other than AUD via international bank wire will incur a fee of AU$12.5. Deposits are credited in the base currency selected during account setup, with multiple currency options supported, including AUD, USD, EUR, GBP, and others. For traders using the Iress Trader or ViewPoint platform, a monthly platform fee of AU$ 55 applies, though it’s refunded upon completing three trades per month. Additional data fees, such as AU$ 11 for international market access, may apply, but these too are refundable with qualifying trading activity.
Non-Trading Fees
Compare the trading volume of Worldtradex and Exness using the table below. Higher volumes can reflect a brokers popularity and liquidity, which may influence your trading experience, particularly during volatile market conditions. You can also make bank transfers and there may be fees that your bank charges you for making such transactions. There is also a number of different e-wallets for you to choose from, such as Skrill, BPAY and PaySEC.
Platforms
As many as 94% of all clients gave the broker a score of 5 stars, and only 2% of reviewers rated it with 1 star. Withdrawal requests are processed by the internal back office within one business day, after which funds are disbursed using the same method that was used for the deposit. Below you can see Worldtradex’ overall scores across ten key service quality criteria.
On the Standard MT4/MT5 account, spreads start from 1.0 pip with no commission. The Raw account offers spreads from 0.0 pips with a commission of $3 per lot per side. Worldtradex forex broker The table below outlines the spread data for Worldtradex and Pepperstone. By comparing spreads across different currency pairs, traders can identify which broker provides more cost-effective trading conditions. To accommodate clients who follow Sharia law, Worldtradex offers Islamic swap-free accounts. These accounts are available on both the Standard and Raw MetaTrader accounts.
WebTrader supports one-click trading, real-time quotes, the Depth of Market view, and a wide selection of technical analysis tools, including indicators and graphical objects. It also features a multilingual interface and offers full compatibility with desktop and mobile browsers, enabling smooth and secure trading from any location. Worldtradex provides a selection of trading accounts tailored to suit different levels of trading experience and styles. The broker offers both MetaTrader and IRESS-based accounts, each with unique features and pricing models designed for various trader profiles. A VPS (Virtual Private Server) is an essential tool that allows you to run trading platforms on a virtual machine 24/7.
- It provides an opportunity for traders to potentially earn profits by following the strategies and decisions of those with a proven track record.
- The VPS operates 24/5, supports any Expert Advisors, and guarantees uninterrupted trading even if your computer is turned off.
- Worldtradex caters to desktop users by offering trading software compatible with both Windows and Mac operating systems.
- For share CFD traders in Australia, Worldtradex provides Iress ViewPoint accounts, which include Standard (AUD 1,000 minimum deposit), Platinum (AUD 25,000), and Premier (AUD 50,000).
Trading Conditions
Readers should bear in mind online trading with leveraged derivatives carries a high level of financial risk. It is, therefore, unsuitable for those who lack proficiency and sufficient experience. If a trader’s account has zero balance and no activity for more than three months, Worldtradex will disable it, without charging any dormancy fee for this. Traders are able to reactivate the account at any time they wish and resume their trading activity by sending an email to . This is not a common practice as many large brokerages do penalize their customers for inactivity.
- The demo account is not time-limited and does not require verification, allowing you to refine your strategies indefinitely without any risk.
- The choice of payment methods depends on the company that you open an account with, and your country of residence.
- The time required to process transactions varies, depending on the payment method you use.
- However, that pricing is only available with the MetaTrader platform, and Worldtradex offers only 764 symbols on MetaTrader 5 (MT5).
Worldtradex stands out with its extensive offering of over 10,000 stock CFDs. Covering shares listed on exchanges across Australia, the US (NYSE & NASDAQ), the UK, Hong Kong, Singapore, and continental Europe, traders can engage with global markets across multiple sectors. These include leading firms in technology, healthcare, finance, and more. The stock CFD offering allows for both long and short positions and can be traded via the MetaTrader 5 or IRESS platform.
Worldtradex is an online CFD broker launched in 2005, with its headquarters in Australia. The broker provides traders with seamless access to multiple financial assets like forex, equities, indices, commodities, futures, and cryptocurrencies, tradable through several intuitive platforms. Its clients benefit from competitive trading conditions, including low spreads, fast order execution, no strategy restrictions, raw pricing, and more.
Worldtradex is well-respected and they are one of the most reliable brokers in the space today. They are completely transparent and they segregate the customer funds away in a different account to their operational funds. Worldtradex has been around since 2005 when they were founded in Australia. They are a CFD and forex broker that is owned by First Prudential Markets Pty Limited. Their headquarters are in Sydney and they have been offering online financial trading for the past 14 years.
What are the different account types available at Worldtradex?
Such leverage offers flexibility to active and algorithmic traders, while European and Australian clients remain within regulatory limits. The broker offers competitive trading fees, enhancing cost-effectiveness for various asset classes. Once the account is approved, traders gain access to a comprehensive suite of trading tools and resources.
Naturally, there is not as many options for analysis or charting options on the mobile version, but it certainly does the job for what you need it for. My mission with TrustedBrokers is to help you find the right broker for you, whether you’re a beginner or a pro. I started my career in investment banking in London as an FCA-approved person. If you enjoy trading through the MetaTrader platform, why not host your Expert Advisors on a virtual private server in Worldtradex’ very own New York data centre.
Whether traders are interested in major currency pairs or niche markets, Worldtradex provides the tools and resources needed to navigate the global financial markets with precision and efficiency. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Worldtradex offers the Iress platform suite for share trading, but MetaTrader, cTrader, and TradingView are its primary platform options for forex and CFD trading.
Withdrawal Methods
During standard hours from 9 AM to 6 PM EST, traders can access live customer support for prompt assistance. Beyond these standard hours, the broker ensures that support remains available, accommodating its global clientele. Multi-channel support is a highlight, offering live chat, email, and phone support, enhancing accessibility and allowing traders to choose their preferred communication method. Additionally, Worldtradex maintains a comprehensive FAQ section and provides educational resources on its website, empowering traders with the tools to address common queries independently.
The Traders Hub blog publishes daily reviews of the Forex, commodity, and cryptocurrency markets, analyzing key levels and macro data. The tool is accessible through the client portal and produces a PDF report in just a couple of clicks. For passive investors, integrations with Myfxbook AutoTrade and Signal Start are available. Next, the system will ask you to confirm that you are not a U.S. tax resident, and to select your account’s base currency along with your preferred trading platform. This reliability is reinforced by regular independent audits of order execution and financial reporting, as well as nearly two decades of operation without major regulatory issues. In conclusion, Worldtradex’ commitment to educating traders is commendable.
If this is important for you, we suggest opening an account with FxPro or AvaTrade instead. All platforms are available for download to your Windows computer or MacBook from FPMarkets.com. Withdrawals via debit or credit cards may take between 2 and 10 business days to clear, depending on your jurisdiction and the receiving bank. Withdrawals via e-wallets like PayPal, Skrill, or Neteller usually clear within 1 business day. As it turns out, it is cheaper to trade with a Raw account than with a Standard one.