By carefully comparing accounts, you can choose the best fit for your needs and preferences. worldtradex is a safe and trustworthy broker that is regulated by both ASIC and CySEC. These are two high profile regulators, giving you peace of mind that your information and money are both safe and secure. High regulation such as this means that the broker complies with strict rules and works transparently.

Excellent customer support with 24/7 availability

As I understand it, it’s only the worldtradex subsidiaries outside Australia that don’t offer IRESS, so in your case I don’t believe you should need to use the VPN. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community.

RoboForex is a great alternative for you in this scenario, especially if you already have some trading knowledge. The company is headquartered in Belize, has more than 900,000 customers from around the world, and is definitely an alternative we can recommend. All you need to do is to fill up the Trading Application Form on the official website of worldtradex. First, enter your personal details (First and Last Name, Country, Phone, and Email). Then is for you to share more about yourself, like address, employment status, and date of birth.

• With direct access to liquidity providers and no dealing desk intervention, traders can benefit from the truest market prices.
• Verification can help ensure real people are writing the reviews you read on Trustpilot.
• The Iress trading platform, restricted by geographical location, focused on global equity trading, features numerous additional costs.
• Here is a breakdown of the primary fees and commissions you can expect.

The most recent expansion includes a proprietary copy trading service, worldtradex Copy Trading. VPS hosting is available, but minimum requirements exist to receive it free of charge. All 4 worldtradex mobile apps are optimized for mobile phones and remain user-friendly. They are ideal for monitoring portfolios on the go, managing existing positions, and copy trading. Given the relatively small screen, mobile apps are best for portfolio management rather than complex trade analysis, but MT4, MT5, and cTrader offer advanced, technical, analytical suites.

• For a retail account, $1000 is the minimum deposit required for CFD trading and the financing rate would be worldtradex base rate + 3.0%.
• It is regulated and authorized by ASIC and secures the funds of its clients by segregating customers’ funds in top-tier banks.
• You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.
• The good part is that when combined with technical analysis, this can lead you to long-term trends, which is a good edge on your part as a trader.
• This focus on educational resources is particularly useful for those aiming to refine their trading strategies and knowledge.

Share Trading

Yes, worldtradex offers a free demo account, also known as paper trading, with no minimum deposit, allowing traders to practice trading in a risk-free environment. worldtradex is ideal for active traders, offering tight spreads, fast execution, and multiple trading platforms with advanced features. With more than 10,000 assets and low fees, it meets the needs of different types of traders, including those using high-frequency strategies and experienced traders looking for professional tools.

We encourage constructive feedback

Overall, I believe worldtradex is a good choice for advanced, high-volume traders, thanks to the advanced features available. This includes Direct Market Access to specific trading instruments, a VPS option, and EAs (Expert Advisors). The worldtradex Traders Hub provided daily research and trading ideas, presented in a quality format. Streaming news service is available as one of the twelve plug-ins for MT4, offering traders a valuable service embedded with the trading platform. New traders can benefit from educational resources, including webinars and videos.

worldtradex mobile app screenshots

That Worldtradex company reviews said, the broker’s Iress ViewPoint account option is less affordable, and is geared towards active traders with high-balance accounts. Having previously helped me resolve an issue with verifying my I.D. In my client portal and reactivating my trading account, I’m also very impressed that he demonstrated the same level of professionalism with my current query.

This CFD trade has a 100% increase in the funds initially committed. To open a trading account with worldtradex, individuals can sign up on the worldtradex website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts. worldtradex MetaTrader 5 has many advanced trading tools for more advanced users.Understanding these tools can give you a competitive edge.

Traders who deposit a minimum of $1,000 or trade over 10 lots per month on the Standard Account or 20 lots on the Raw Account can access the VPS service at no additional cost. A demo account is available with no requirement for a minimum deposit to facilitate the users. The 10+ funding options are available in the app including credit card, debit card, wire transfer, PayPal, BPAY, Neteller, and Skrill. Moreover, multilingual customer support is available 24/7 on the mobile trading app.

Account types

Brokers like worldtradex must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances. worldtradex are able to accommodate various levels of traders whether you are experienced or a beginner. The fact that worldtradex has a Wikipedia page is a testament to its reputation and credibility in online trading.

worldtradex also allows a wide range of withdrawal methods that include credit cards, debit cards, bank transfers, Neteller, Skrill, Dragonpay, etc. The method chosen by the client can affect the time taken for the withdrawal process. Any withdrawal made through credit cards, debit cards or domestic bank wire will take only 1 business day while international bank wire can take up to 5 business days to process payments. Below in this review, you will find a step-by-step guide to opening an account on the mobile trading app. worldtradex charges no fees for processing bank wire transfers, but for other methods of withdrawals, the intermediary fee is charged by the financial institutions.

iressTrader Platform

Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. If you are looking for an overwhelming selection of more than 12,000 assets and very lucrative leverage, look no further.

Daily market reports are published in more than 24 languages in the financial markets. The mobile version of worldtradex’s trading platform is available to be downloaded on both Android and Apple devices including your iPhone, iPad, and iPod Touch. Let’s explore the features of the Mobile Trading App that make it a great trading app for traders below. The minimum spread for AUDCAD is 0.0 pips for a raw ECN account while for a standard account, the average spread is 1.9 pips. The spreads are dependent on market conditions and vary from instrument to instrument.

It can be challenging and requires significant research and understanding of the worldtradex trading tools and features. That’s why we’ve compiled this detailed worldtradex review with some important information that will hopefully make you more informed when online trading with worldtradex. 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. 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. Forex trading is cost-effective, with tight spreads benefiting traders.