After this you will need to fill out a questionnaire to ensure your suitability for the products and services offered, this is done to protect inexperienced clients. If accepted you can then upload your documents to verify your identification (passport, drivers license, etc) and address (e.g. utility bill no older than 3 months). Once verified by the worldtradex account team, you can then fund your account and commence trading. This is a special account for beginners with a lower minimum deposit amount of $100, no brokerage commission and protection against negative balance. Spreads on this account type start from 0.5 pips with no commission charged.
I like this account because it has the lowest spread on MT4 which is important for my automated scalping systems. worldtradex is regulated in Cyprus, offering more than 30,000 instruments for trading. There’s a wide range of Worldtradex account types available, including the full set of MetaTrader platforms and traders get 24/7 online customer support. On the other hand, traders are charged commissions starting from 3 USD per lot.
From on our assessment, worldtradex provides an average offering of market research. There is real-time data to help with trading decisions, including an economic calendar, market news and information on initial public offerings (IPOs). You can set goals such as general savings, retirement or college savings, which makes the tool user-friendly and gives https://worldtradex.world/ you clear aims. You then choose an investment portfolio and let the robo-advisor provide advice and services.
worldtradex provides users with instant, precise, and reliable market assessments, boosting trading efficiency. At worldtradex, we firmly believe that trading should be accessible to everyone, everywhere. With us, starting your trading journey does not require deep financial knowledge, a finance degree, or complex strategies. Our user-friendly platform simplifies trading, making it understandable and straightforward for all. Match any two of these requirements to qualify as a professional client.
I also like the automated trading features of these platforms and fact you can find a plethora of free and paid add-ons to enhance the platforms capabilities even more. That being said, the platforms built-in tools should be more than enough for most traders. worldtradex ensures its traders have a robust set of tools at their disposal.
However, while worldtradex has taken the step of elevating its users’ trading experience, it still has much to do to stand shoulder-to-shoulder with the best brokerages. worldtradex supports J2copy, Robo Adviser portfolios, PAMM accounts, and individually managed portfolios. These options suit traders who prefer hands-off investment strategies.
Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant. worldtradex offer professional customer support 24/7 via online chat, telephone and email. It was great to see that support is available on weekends as this is not something that all brokers offer and helps them to stand out from the competition. Robo-advisor is a globally recognised service that aims to help traders using modern technologies.
This account is for professional traders, trading through one of the most powerful and modern platforms for Forex and MetaTrader 5 stock exchanges. Spreads on this account type start from 0 pips with a $2 per lot commission charged. worldtradex provide asset management on stock markets of North America and Europe, in collaboration with a leading Russian investment holding, FINAM. The minimum amount required is $80,000 and there is an asset management fee from 20% charged based upon the NAV growth. There is absolutely zero guarantee on the performance when investing in asset management.
We appreciate that there are no deposit fees on the Standard and MT5 Global accounts, although third-party fees may apply to bank transfers. worldtradex doesn’t charge withdrawal fees, but external payment providers may have their fee structures. The laudable support system is multi-channelled across live chat, email, and phone communication.
The Robo Adviser builds diversified portfolios tailored to your risk profile using modern portfolio theory. It rebalances your portfolio automatically and requires minimal user intervention. worldtradex does not accept traders from the USA or Canada, along with other restricted regions such as Iran, Syria, Yemen, and North Korea. However, this broker’s low Trustpilot rating (2.5/5) and limited worldwide availability (only 33 countries) make it not the best option for everyone. Submit proof of identity (passport or ID) and proof of address (utility bill or bank statement).
ROX simple yet powerful point-and-click screens enable trading in many marketplaces at the same time. Its speed, simplicity, and record-keeping abilities can help to give traders a performance edge in the marketplace. ForexBrokersOnline.com aims to provide the most comprehensive source of information about forex brokers. Before making any trading related decision, contact a local professional financial advisor.
Joining the dedicated worldtradex community connects you with like-minded individuals who share the same goals and offer mutual support. With advanced computing systems, real-time data, and analytics, the company can thrive.
The directive contains measures for the organisation and functioning of investment firms, facilitating cross border trading, while creating strategic opportunities. There are no inactivity fees and spreads on the commission-free Standard account start from 0.5 pips. Let’s compare the fee policy with other brokers to better understand the difference. worldtradex offers both investment and market speculation opportunities to its clients.