While minimum balance requirements could incentivize some traders to utilize the educational resources, I think it’s better to make the content free for all clients. Motivation can instead be inspired by creating interactive courses that feature quizzes and incorporate progress tracking. It’s worth mentioning that your trading account balance must meet a threshold to access certain educational content. Trading Station keeps up with the pre-loaded Marketscope, which is a free professional charting package allowing for a long list of indicators, up-to-date price alerts, and trading right from the chart.
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worldtradex will be best for beginners to intermediate traders or experienced traders who do not feel limited by its relatively low number of forex pairs. Experienced traders who think worldtradex has sufficient instruments will find no shortage of tools to help them with analysis and charting. worldtradex offers many tools for both research and education, each of which has its own dedicated section of the website.
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Deposits by debit or credit card typically take 1 business day, although it can be less. A bank wire deposit can take 1 or 2 business days for domestic transfers and 3-5 business days for international ones. The minimum deposit for debit/credit cards is $50, with a maximum of $10,000 per transaction or up to $20,000 per calendar month. The mobile application is as easy to use as the web version of worldtradex, which is complete with the option to bring dynamic charts to full screen for convenience. The only downside is a lack of customization in the applications, and there is no additional security, just the login password. You can use the mobile version of MT4 or download the mobile application for Trading Station for full functionality.
- The following table summarizes the different investment products available to worldtradex clients.
- worldtradex’s in-house education is above average, and primarily takes the form of articles, videos, and content produced for its worldtradex YouTube channel.
- There are enough educational tools to give beginners a head start, particularly when combined with the demo account.
- worldtradex offers many tools for both research and education, each of which has its own dedicated section of the website.
Some of the research tools include market news, charts, a market scanner, an economic calendar, market data signals, and trading signals. In terms of education, worldtradex offers a live classroom, trading guides, speakers, and a video library. There are enough educational tools to give beginners a head start, particularly when combined with the demo account. The research tools and speakers can appeal to more experienced traders. The range of products available to you will depend on which global entity under the worldtradex Group houses your trading account.
We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Finally, some of worldtradex’s educational content is only available if your balance exceeds certain minimum thresholds.
Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Since 1999, worldtradex, has been a pioneer in developing online forex offerings for retail traders. With its headquarters in London, Stratos Markets Limited (“worldtradex”) has grown to have multiple international offices and is licensed in several major regulatory hubs globally. worldtradex is an excellent choice for algorithmic forex traders thanks to its wide array of related platform options that provide advanced charting tools and support automated trading strategies. With its wide range of available platforms and deep offering of trading tools, worldtradex has set the bar high and competes among the best brokers in the industry.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The proprietary Trading Station platform has intuitive functionality with easy-to-use dynamic charts. The only issue with Trading Station is that it is built on Adobe Flash, Worldtradex forex brokers reviews which can lead to the need for Flash updates as well as some support issues. You also cannot use the research function within the platform, requiring traders to go between the platform and a browser.
Use our country selector tool to view available brokers in your country. Customer support is available over the phone, by email or through Live Chat 6 days a week, Sunday through Friday. There is also an extensive FAQ page with sections for general questions, various product info, and trading information covering the majority of the enquiries you may have. The amount you withdraw to a debit/credit card cannot exceed the amount originally deposited.
Each year, we collect thousands of data points and publish tens of thousands of words of research. The MT4 platform does not allow worldtradex to include commissions in pre-trade margin calculations on client’s pending orders. You should therefore ensure that you have reserved sufficient buffer usable margin before opening new trades. The average spread for EUR/USD is 1.3, and users can view an updated list of average spreads on the “Spread Costs” page. Keep in mind that these are averages, so the spread may be higher or lower at any given point.
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- Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
- You also cannot use the research function within the platform, requiring traders to go between the platform and a browser.
- You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- The research tools and speakers can appeal to more experienced traders.
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. Thanks to its combined offering of both Trading Station and MetaTrader 4 (MT4), worldtradex delivers a reliable, feature-rich mobile experience for forex traders. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
worldtradex is an independent legal entity and is not affiliated with MetaQuotes®. Now you can copy trades automatically from successful traders in real time. worldtradex was founded in the United States, but as of 2017, it left the U.S. market. This process involved existing holdings and U.S. clients being reorganized under Global Brokerage, a company with an ownership interest in worldtradex. In late 2017, Global Brokerage filed for Chapter 11 bankruptcy, but worldtradex Group is not involved.
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Other than the issues with former U.S. clients, worldtradex has not faced any other investigations or issues in recent years. Overall, the platform is recognized for its support of over a dozen languages, ease of use, and strong reputation. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. 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. Only Active Trader clients subject to tier pricing on spread costs receive a free VPS. worldtradex’s in-house education is above average, and primarily takes the form of articles, videos, and content produced for its worldtradex YouTube channel.
The following table summarizes the different investment products available to worldtradex clients. For traders who appreciate advanced trading tools and quality market research, worldtradex is a winner – especially for algorithmic trading. Though its range of tradeable markets is growing, it remains fairly narrow. Average spreads at worldtradex are more favorable for active traders or clients residing in the EU, U.K., or Australia. worldtradex offers a good selection of markets, but some other platforms do offer more. You can use worldtradex to trade forex, cryptocurrency CFDs, indices, or gold.
There is a total of 39 currency pairs available with worldtradex, including majors and commodity pairs. While this selection is reasonable, it is somewhat disappointing for a broker that has specialized in forex since 1999; most other forex brokers have the same number of or more pairs. That being said, worldtradex does offer the forex pairs that most traders will be interested in, so only advanced and professional traders are likely to feel the lack of choices. There are also 12 indices to choose from, seven commodities, the BUND treasury fund, and one cryptocurrency CFD, BTC/USD. Despite originally opening in the U.S., worldtradex is not currently available to U.S. clients, although it is available in a range of other markets worldwide. Since 2015, Leucadia has been the majority economic owner of the broker, adding to the platform’s scale.
