The MT4 platform has a limited selection of just four stocks, making MT5 or IRESS preferable if you are interested in share trading. Outside of Australia and Europe, the online broker is regulated offshore in South Africa (FSCA), Seychelles (FSA), and Mauritius (FSC). worldtradex https://worldtradex.club/ has an overall trust score of 60 based on regulation, reputation, and reviews. This approach allows us to provide a transparent comparison of worldtradex against its peers, highlighting its strong position in the forex industry, especially for the EUR/USD pair.

Account Fee

Opinions, market data, and recommendations are subject to change at any time. Capital.com is, in our opinion, one of the best brokers for beginners, thanks to a huge educational section, a beginner-friendly platform, and great dedicated support. The minimum trading amount on capital.com are slightly higher, but on the other hand, they have more than 3,000 assets to choose from. Learn more about capital.com and dedicated yourself to which broker is better for you. Yes, for additional peace of mind, worldtradex provides negative balance protection for its clients. Especially broker novices tend to underestimate how quickly markets move in certain situations, but with negative balance protection, you are safe in this regard.

• Apart from being regulated in Australia, worldtradex is also registered in other jurisdictions to accommodate traders from different regions.
• Headquartered in Sydney, Australia, worldtradex (First Prudential Markets) was founded in 2005 as an online retail forex and CFD broker.
• Windows users can download the desktop platform, while Mac users can access it through web-based solutions.
• The brokerage operates on a model that ensures traders can enter and exit positions without incurring prohibitive costs.

Deposit and Withdrawals

Here, we will juxtapose worldtradex with other popular trading platforms. Another significant advantage of worldtradex is its commitment to trader education. The broker offers a wealth of educational resources, including webinars, tutorials, and articles, aimed at enhancing https://worldtradex.world/ traders’ knowledge and skills.

Many clients appreciate the effort worldtradex invests in educating its traders, viewing this as a sign of a supportive broker. worldtradex offers a range of advanced trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and IRESS. These platforms are well-regarded in the trading community for their reliability and wide array of features. One of the standout features of worldtradex is its competitive spreads and low trading fees. The brokerage operates on a model that ensures traders can enter and exit positions without incurring prohibitive costs.

worldtradex Demo Account

worldtradex has a section on its website where you can read updated articles about Technical Analysis and Fundamental Analysis of the markets. This makes it easier for traders to know what’s going on in the market value. Fundamental analysis helps you understand the market’s movement (upward or downward).

They also provide Direct Market Access (DMA) share trading through the IRESS platform. IRESS is valued by active stock traders for its Direct Market Access (DMA) to global exchanges making it well-suited for equity and share trading. It is tailored towards experienced traders due to its extensive features and higher costs​. worldtradex uses an ECN for Forex on Raw accounts, providing direct pricing from top-tier liquidity providers with no markup.

Trading Forex, CFD, Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 77-85% of retail investor accounts lose money when trading CFDs with the providers presented on this site. The information and videos are not investment recommendations and serve to clarify the market mechanisms.

Under regulations like ASIC and CySEC, worldtradex is mandated to keep client funds separate from their own operational capital. This segregation ensures that even if worldtradex encounters financial difficulties, your deposited funds remain secure and readily available for withdrawal. They include bank wires, credit/debit cards, online payment processors, and cryptocurrencies. Clients may access all available options from their back office, where worldtradex lists all payment processors transparently. The availability depends on the country of residence, and not all traders may have access to all payment processors. Trading fees have the most notable direct impact on any strategy, and worldtradex offers two pricing models.

This is free to download in Google Play for Android and in AppStore for iOS. This is also protected by leading (top-tier) banks, and this broker ensures the safety of its client’s funds. worldtradex have partnered with top financial institutions, like HSBC, JP Morgan, Barclays, and Goldman Sachs, to ensure multi-asset liquidity. These partners of worldtradex ensure the highest levels of interbank liquidity for its clients. Also, the financial accounts are audited by external audit firms to ensure constant compliance with regulations across the operations of the company.

Flexibility is one of the advantages of worldtradex in terms of payment service. It offers more than ten flexible funding options in 10 different base currencies. These payment methods vary in what type of account (either MT4, MT5, or IRESS) you’ll be placing your funds in. Also, the processing time of the deposit varies on the type of your account and the payment method you choose to use.

The Standard account is designed for beginners and intermediate traders, offering commission-free trading with competitive spreads from 1.0 pip for Forex and Metals. worldtradex stands out for the competitive pricing available to forex traders with its ECN account. However, that pricing is only available with the MetaTrader platform, and worldtradex offers only 764 symbols on MetaTrader 5 (MT5).

Since mobile apps cater more to portfolio management, up-to-date developments, and copy trading, they offer the necessary tools to achieve the above. They include economic calendars, streaming news, and watch lists but do not include the cutting-edge trading tools worldtradex offers for its desktop trading platforms. The asset selection for MT4/MT5 traders consists of more than 250 trading instruments, an adequate level of choice for most traders. Forex traders get 70+ currency pairs, and diversification opportunities exist via cryptocurrencies, commodities and metals, indices, equity CFDs (available through the MT5 trading platform), and bonds.

worldtradex offers a broad array of trading instruments including over 70 currency pairs (7 majors, 21 minors, and various exotics), more than 780 share CFDs, 46 ETFs, and 2 bonds. The platform also includes over 15 equity index CFDs, 8 additional index CFDs through Direct Market Access, and a variety of commodities comprising 17 metals, 5 energy products, and 7 soft commodities. Additionally, worldtradex offers 12 major and minor cryptocurrency CFDs with availability depending on the region.

Think of it as the gremlins of the market occasionally messing with your plans. While worldtradex strives to minimize slippage, it’s a reality, especially with high volatility or less liquid instruments. During my testing, I did experience some minor slippage on a couple of occasions, but nothing that threw my entire strategy off course. Just a friendly reminder to always be aware of this risk and consider using stop-loss orders to manage any potential slippage surprises. For those seeking a more web-based experience, cTrader provides a sleek and intuitive interface, perfect for scalping and day trading strategies. worldtradex offers Standard Accounts, perfect for beginners or those who hate commissions.