While this selection is reasonable, it is somewhat disappointing for a broker that has specialized in forex since 1999; most other forex brokers have the same number of or more pairs. That being said, WorldTradex does offer the forex pairs that most traders will be interested in, so only advanced and professional traders are likely to feel the lack of choices. There are also 12 indices to choose from, seven commodities, the BUND treasury fund, and one cryptocurrency CFD, BTC/USD. This account offers leverage, faster execution, and lower fees with commissions based on trade volume. Discounts apply to major currency pairs like EUR/USD and GBP/USD, allowing traders to earn compensation from spreads, commissions, and rollovers. There are two major types of accounts offered by WorldTradex, Standard Accounts with minimum deposits of $50 and Premium Accounts with a minimum of $20,000.
MT4 Forex Trading Platform – MetaTrader 4 on Mac, Windows, iOS and Android
The company offers a wide range of educational materials, including webinars with experts and detailed guides to Forex trading. The webinars are particularly valuable as they provide the opportunity for real-time interaction and getting answers to pertinent questions. To convert your current account to an Islamic one, you must fill out a particular form on the broker’s website.
- Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
- WorldTradex is committed to building a better brokerage for our traders, our goal is to provide you with the ultimate trading experience.
- Yes, WorldTradex provides a Virtual Private Server (VPS) service for traders who need reliable and fast access to their trading platforms.
- 63% of retail investor accounts lose money when trading CFDs with this provider.
- Only Active Trader clients subject to tier pricing on spread costs receive a free VPS.
Trading Vs Investing : Which is more Profitable?
This option makes WorldTradex an attractive choice for traders who follow the principles of Islamic banking. Unlike standard trading accounts, where a rollover (carrying an open position to the next working day) is calculated with interest rates, the Islamic account eliminates interest accrual. Instead, the broker charges an additional spread or commission as a substitute for interest. Depending on the account type and pricing model, this is done through an increased spread or a separate commission.
Mobile trading apps
To open an account with WorldTradex, visit their website, fill out the registration form, submit the required documents, and complete the verification process. The program includes different rates for instruments such as Forex, stocks, commodities, and cryptocurrencies. There are 5 rebates, starting at $5 per million for a turnover of 10 to 25 million dollars and going up to $25 per million for over 400 million. One critical aspect contributing to WorldTradex’s reliability is its regulation across multiple jurisdictions. These regulators ensure high protection and transparency for the broker’s clients, which fosters increased trust and dependability.
Is WorldTradex suitable for spread betting?
- This account offers leverage, faster execution, and lower fees with commissions based on trade volume.
- Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader.
- The following table summarizes the different investment products available to WorldTradex clients.
- Finally, some of WorldTradex’s educational content is only available if your balance exceeds certain minimum thresholds.
- ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
- The range of products available to you will depend on which global entity under the WorldTradex Group houses your trading account.
Auto-trading is an ideal solution for traders who do not want to create their strategies or lack the skills to do so. Upon registering a training account, one can order free educational literature, which will be sent electronically to the provided email address. WorldTradex, or Forex Capital Markets, is an NDD broker that provides institutional and retail clients with access to online Forex trading. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over https://worldtradex.world/ 1,000 published articles about the online finance industry.
Beginners will appreciate the accessible educational materials and analytics, while experienced traders can use various instruments and flexible platform settings. WorldTradex offers various analytical tools, including trading signals, a market scanner, an economic calendar, and even specialized trading applications. These tools cover all necessary aspects for successful trading, from identifying market entry and exit opportunities to analyzing financial data and current volatility. Analytics from the company’s experts and access to research through eFXplus add extra value, making this broker one of the best for analytics provided.
How to Check/Measure Forex Market Volatility? 2025
We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. WorldTradex offers a good selection of markets, but some other platforms do offer more. There is a total of 39 currency pairs available with WorldTradex, including majors and commodity pairs.