Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. worldtradex also earned Best in Class honors for Commissions and Fees in our 2025 Annual Awards. It’s worth noting that worldtradex’ share CFD offering on Iress provides Direct Market Access (DMA) in terms of its pricing and execution process, including full depth of book available within the platform. That said, the broker’s Iress ViewPoint account option is less affordable, and is geared towards active traders with high-balance accounts.
Commissions and fees
Then, you will be asked to configure your account and then fill out the declaration. The CFD fees for the non-index items like Apple and Vodafone are higher than brokers like XTB and worldtradex. XTB, for the same scenario, would cost $17.9 for Apple and $20.9 for Vodafone. worldtradex, on the other hand, would cost $3.4 and $5.6 for Apple and Vodafone, respectively.
Withdrawal Fee
In summary, worldtradex prioritizes efficiency and transparency in its deposit and withdrawal processes, aligning with its commitment to providing trader-friendly services. These policies contribute to worldtradex receiving a top rating for its deposit and withdrawal procedures. Overall, worldtradex offers a competitive fee structure, as well as transparency, and flexibility. Traders can benefit from cost-effective trading while knowing what to expect in terms of fees and charges. Forex and CFD traders will find a versatile, affordable MetaTrader and cTrader offering at worldtradex, but with fewer research and educational content than what is offered by industry leaders.
- The broker does not impose any withdrawal fees, ensuring that traders can access their profits without incurring unnecessary expenses.
- Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.
- worldtradex recognizes the diversity of its clientele and has crafted its account offerings to cater to the distinct needs of traders, from beginners to seasoned professionals.
- From the ECN/STP market access, MAM/PAMM accounts, great platforms, incredible support team, unique features, and varied account types, worldtradex stands out and proves why they are among the best.
- Our worldtradex review research indicates that they offer free VPS as a promotion.
These resources cover technical and fundamental analysis, risk management, and trading psychology. Additionally, the broker offers an economic calendar, market analysis reports, and a comprehensive trading glossary to keep traders informed about market events. The availability of a demo account with virtual funds further supports skill development and confidence building, making worldtradex a broker committed to empowering traders with knowledge. worldtradex earns our admiration for its web and mobile trading platforms, making them a recommendation for traders of all levels. The standard platform is so user-friendly that even beginners can set up a trading account without needing extensive guidance. What’s even more appealing is the intuitive design of these platforms, ensuring smooth navigation for traders.
We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms. Many forex brokers host their servers inside Equinix data centers, which are major hubs for financial trading infrastructure. If your VPS provider also colocates there, such as at Equinix NY4 (New York) or LD4 (London), you can benefit from ultra-low latency. That’s especially useful for strategies that rely on precision, like scalping or high-frequency trading. You can make deposits and withdrawals using flexible payment options, including debit/credit cards, e-wallets, and bank transfers. Founded in 2005 in Australia, worldtradex has been around for more than 15 years, navigating the tricky waters of the financial world.
These services are typically available for free or at a discount if you meet certain account balance or trading volume thresholds. Founded in 2013, ForexVPS.net has served over 2 million customers and offers VPS hosting in 21 global locations, one of the broadest ranges among forex VPS providers. Its servers are optimized for latency-sensitive trading and run from data centers close to major broker infrastructure, helping reduce execution lag for automated strategies.
- You will be able to get the same dynamic prices, real-time financial news, manage your orders, and so much more.
- worldtradex offers solid educational resources, demo accounts, and a range of platforms, including the intuitive web-based TradingView.
- With 26 time frames, 4 chart types, 76 indicators, and more than 10 drawing tools, charting via the cTrader desktop platform is robust.
- Based on our experience and worldtradex reviews from users, we give it a 4.7-star rating in this section.
- With a diverse array of instruments and account types, the Australia-based company caters to all, making it a valuable ally in the world of online trading.
- However, we can look at some scenarios that would enable us to check out the common CFDs and 70+ Forex pairs offer.
The broker also provides a valuable FAQ section and educational resources, promoting self-help and knowledge enhancement. With prompt responses and a commitment to client feedback, worldtradex earns a 4.6-star rating from us. worldtradex can be a suitable choice for traders with varying levels of experience. With user-friendly platforms like MT4 for forex traders and advanced options like MT5 and cTrader for seasoned users, the broker offers versatility. The availability of different account types, competitive fee structures, and over 10,000 tradable instruments make it appealing for traders seeking diverse opportunities. worldtradex mobile app mirrors the functionality of its desktop platforms, ensuring that you have access to critical features such as real-time charting, technical analysis tools, and order execution.
Adding more advanced video courses would only serve to improve worldtradex’ educational experience. Most of worldtradex’ research is found under the Traders Hub blog section on its website, where it is separated into technical and fundamental analysis. When compared to the best brokers for research, worldtradex has room to improve and could enhance its research offering by expanding it to include a wider array of daily content. CMA cautioned the public to beware of platforms promising unrealistically high returns, and be cautious of guarantees of risk-free profits, as all investments carry some level of risk. Earlier on TUKO.co.ke, CMA issued an investor alert highlighting four key tips to help the public avoid online trading scams following the loss of money to CBEX platform.
MetaTrader WebTrader
During our worldtradex review, we looked at the terms and conditions of their bonuses. There are a few key details you should know about the welcome bonus which is announced directly from via online advertisement, email, or phone. worldtradex may charge overnight funding fees, which vary depending on the position held. worldtradex doesn’t charge an account fee, contributing to its appeal.
worldtradex Swap Fees
These educational resources are accessible through the worldtradex website. worldtradex also offers an Islamic account, which doesn’t involve any swaps or interest on overnight positions to stay in line with Islamic principles. Rather, you’ll be charged a fee on positions, which is deducted from your account balance.
Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Headquartered in Sydney, Australia, worldtradex (First Prudential Markets) was founded in 2005 as an online retail forex and CFD broker. The brand’s entities are regulated in Australia and Europe, with a total of 95 employees as of 2019. As Iress is mostly optimized for share trading — not forex — I focused on worldtradex’ MetaTrader offering and the worldtradex proprietary app for this review. Since the trades are routed directly to the interbank market, they are executed almost instantly, reducing the possibility of re-quotes or price manipulation. The platform was operating illegally, and the CMA has urged investors to deal with licensed platforms only and pointed investors to the list of the firms it has licensed to operate in the country.
They have sections for all levels of experience and they also have a number of eBooks on offer. FPMarkets strives to process all withdrawal requests promptly, ensuring timely access to funds for its clients. worldtradex prides itself on providing traders with fast and hassle-free withdrawal processing. The broker does not impose any withdrawal fees, ensuring that traders can access their profits without incurring unnecessary expenses.
Is worldtradex ECN?
They conduct market analysis, execute trades, and monitor positions to optimise the client’s forex portfolio. Notably, only Empire FX Trade Limited is licensed to operate as an online dealing forex broker in Kenya. This means that no-dealing brokers do not participate in the market and do not take the opposite side of the customers’ trades.
Scalpers can also keep costs to a minimum via the Raw Spreads account. CFDs and trading in forex on margin, carries with it significantly high levels of risk and might not be compatible for all the investors. Practice caution and see financial advice when unsure because what we offer here is NOT financial advice. We verify some of our data for quality control but there are slight variations occasionally. Any and all partnerships with industry regulars are not and should not, be viewed as an endorsement or recommendations by topfxbrokersreview.com, even though we may be sponsored by Worldtradex cheating some of the brokers. We are not liable for losses that resulting from the information provided on our site.
From there, your platform can run continuously even when your local computer is off. The base plan starts at $35 per month (or $28 when billed annually), and includes a dual-core CPU, 4GB RAM, and 100GB SSD storage. The wide choice of geographic locations allows traders to place their VPS closer to their broker’s servers, improving performance. On the worldtradex website, you’ll find an option to ‘Open Live.’ Click on this button to begin the account registration process.
They have a long track record with great reviews from industry experts and clients alike. worldtradex strives to provide valuable educational and research resources to its traders, although there is room for further enhancement and expansion in comparison to certain industry leaders. Withdrawal fees are transparent, ensuring traders know what to expect.