The broker offers CFDs on several commodities, including Brent Crude and West Texas Intermediate (WTI) oil. CFDs on indices give traders exposure to the global markets and great opportunities to profit from some of the most popular indices in the US, UK, Germany, China, etc. Indices represent the collective value of underlying publicly-traded companies. Clients across Europe and the UK are offered two types of protection – segregated client bank accounts and financial compensation if worldtradex fails to pay its customers. In the UK, the Financial Services Compensation Scheme (FSCS) guarantees compensation of up to £85,000, while in Cyprus, the Investor Compensation Fund covers up to €20,000.
- Trading on spot metals is similar to Forex trading – traders can speculate on the prices of precious metals, taking short or long positions.
- The Premium Account is for traders who can afford to deposit at least $1,000.
- A comprehensive FAQ addresses most inquiries while tutorials on trading platforms shorten relatively steep learning curves.
- Metatrader 5 adds important features lacking in the older version but retains frustrating aspects of this industry-standard software, including weak customization and limited conditional orders.
- worldtradex is a globally recognised award-winning CFD broker offering a great range of trading products and services to retail traders and institutional investors.
- You can learn more about ourindependent review processand partners in ouradvertiser disclosure.
Traders can choose between floating/fixed spread Standard, Premium, and VIP accounts. Alternatively, the Live Zero Fixed Spread account comes with zero spreads, but traders will have to pay a commission. Today, the company employs more than 450 people and has created a solid reputation as a trusted and reliable broker. Its 200+ instruments and multiple platforms are accessible in 180+ countries with 50,000+ retail traders worldwide.
ZERO FEES are Now Real!
worldtradex’s trading platforms give clients access to trade a wide range of CFDs on equity indices, agricultural commodities, base metals, oil and energy products. Clients can take advantage of the widest range of trading instruments and diversify their portfolios either by trading on an equity index or any other futures instruments. worldtradex offers bespoke trading access to both precious and base metals at best-of-market spreads and spot execution without having additional foreign exchange exposure. Clients wishing to diversify their portfolio with trades in gold and silver can take advantage of the emergence of spot metals as a strong asset class.
However, this type of account is offered only to traders who make deposits of $10,000 or more and have the US dollar (USD) as their base account currency. I have been trying to salvage some of my money ,the so called adivice lose £1000 don’t ask me how and worldtradex won’t say. So I am trying to withdraw the £300 that’s left but can’t.To withdraw you have to close all trades easy. So you go to the withdrawal page peer withdraw processing ok.when you go back to trading platform it’s started trading by its self and you can’t stop. So now your withdrawal will be denied as your trading.This just goes on and on.
- worldtradex uses standard security features to keep clients’ personal information secure, including website encryption.
- This average customer rating is based on 21 worldtradex customer reviews submitted by our visitors.
- Where many brokers only offer a few accounts, worldtradex have a great range of different trading accounts to cater to the needs of many different styles of traders.
- All base currencies can be registered and Premium Account holders will enjoy no commission on trades.
- I found the broker to have rapid trade execution speeds and competitive costs.
- worldtradex is an award-winning global online trading broker that offers STP/ECN services to retail and institutional investors alike.
Special Features
Clients can choose between two types of floating and an equal number of fixed accounts that offer different spread schedules and fee structures. Several account types allow retail clients to bypass worldtradex’s dealing desk, which carries a systematic https://worldtradex.world/ conflict of interest, and trade directly with the interbank system. Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers. MetaTrader 4 or MT4 can be downloaded directly from the worldtradex website for those who prefer the downloadable software package. With it, clients have access to more than 200 financial instruments in Forex, shares, spot indices, spot metals, futures, and commodities.
Futures
worldtradex recently strengthened its educational tools by introducing the Academy. Home to a breadth of content presented in courses, webinars, videos, podcasts and eBooks, it offers a complete trading experience for traders of all levels. Also, the broker charges a sizeable 3% of deposited funds when withdrawals are requested during periods of inactivity. Broker research materials have been neglected, generating the biggest black mark in our review. The free worldtradex Research app allows clients to look at stock market data, financial viewpoints, and videos in an easy-to-use format.
Can I Use MetaTrader 5 At worldtradex?
The broker does not charge any fees for deposits and withdrawals and the minimum deposit than can be made is $250, although that varies, depending on the type of trading account one opens. Things are different for silver and platinum – silver is still traded for industrial purposes, as platinum, which is also much rarer than silver or gold. worldtradex gives traders the opportunity to trade CFDs on these metals, as well as CFDs on palladium, a lustrous silvery-white metal that is extremely rare and mostly used in catalytic converters in cars. With tight spreads as low as 0.04 and 1% margin requirements, worldtradex offers its clients a great opportunity to profit from the global gold and silver markets.
Spreads
Along with trade on spot metals and spot energy commodities, it also gives its clients the opportunity to trade commodity futures. Futures contracts allow traders to make a profit from the price margin before the closing date determined in the contract. CFDs on commodity futures are extremely flexible and convenient for traders compared to trading and owning the physical commodities themselves. The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives.
Clients can take advantage of strong liquidity and reliable execution to trade some of the most well-known and liquid shares in the world. The worldtradex website is available in many different languages, while the MT4 platform can be opened in even more, which makes it suitable for traders from all over the world. When registering their account, worldtradex can opt for the following languages – English, German, Spanish, French, Italian, Portuguese, Polish, Russian, Japanese, Arabic, Korean, and Chinese. Clients can also download MT4 Advanced, which comes equipped with front-end terminals and back-office reporting functions, as well as automated strategies and the ability to use Expert Advisors (EA).