You will find the User Guide for each of the tools and what they can all help you do. For identity, a passport, government-issued ID or state-issued ID, will be enough. As for the address, you will need recent utility bills, bank statements, or official documents that prove where you live.
Mobile Trading Apps
We advise you to read Worldtradex’ risk disclosure, customer agreement, and terms of business before you start trading. Top-tier regulators like ASIC, CySEC, FSCA, and CMA impose strict rules on fund segregation, leverage limits, and financial transparency. In contrast, offshore regulators such as those in Seychelles, Mauritius, and St. Vincent and the Grenadines require much less oversight and do not offer investor compensation schemes. Compare the markets and instruments offered by Worldtradex and its competitors.
RAW Account Spreads
- Traders engaging in Contract for Difference (CFD) trading will find Worldtradex’ fees reasonable and competitive.
- Third-party withdrawal charges may apply, but there is no inactivity fee at Worldtradex.
- Windows users can download the desktop platform, while Mac users can access it through web-based solutions.
- Therefore, traders can rest assured that their deposits, segregated from corporate funds, are safe.
- Through the commission on RAW accounts (USD 6 per round-turn lot), spreads on Standard accounts, swap/overnight charges and a fixed fee on international bank withdrawals.
- The back office makes it easy to request a withdrawal, which takes a few seconds.
However, they are not enough if you do not have research tools to ensure that trading goes as smoothly as possible. From the Traders Hub page, you can read the technical analysis and fundamental analysis given by experts. The Standard Iress account charges a brokerage rate of $10 at the minimum and 0.1% after that.
Please read our risk warning and disclaimer carefully before making any investment or taking any action. The analyses provided are for information purposes only and cannot replace an individual discussion with a competent person. Any liability for the direct and indirect consequences of these proposals is therefore excluded.
All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn’t imply direct instructions for investing. To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page. Many users praise the advice from customer service agents and state that their problems are usually resolved quickly. 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.
Worldtradex utilizes direct routing to a liquidity pool, ensuring that the average spread on EURUSD is between Worldtradex scammers 0.0 and 0.1 pips. A desktop client and mobile applications are available; however, a web version is not currently offered by the broker. Worldtradex allows an unlimited number of demo accounts on MT4/MT5, cTrader, TradingView, and Iress.
- Each account type has unique features and benefits, ensuring traders can choose an account type that suits their trading goals and preferences.
- The primary distinction between the Standard and Raw accounts lies in their spreads and commission fees.
- Single-click trading, price alerts, and live-streaming quotes further enhance the user experience.
- If you live in Australia, you also have the option of opening an IRESS trading account.
- Rather, you’ll be charged a fee on positions, which is deducted from your account balance.
But Worldtradex does make it easy for beginners to get started, with 50 GBP minimum deposits and unlimited demo accounts. Most particularly enjoy the competitive prices and the advanced trading tools, along with quality customer support. Experienced traders in particular mention the IRESS platform in addition to MetaTrader 4, and direct market access. However, some users do mention occasional problems with withdrawals, although this isn’t a common occurrence.
Each metric is calculated strictly according to our proven broker evaluation methodology, taking into account both objective metrics (spreads, execution speed, licenses) and secret shopper results. The company has well-developed technical indicators that you will find helpful in trading. There is a feature on the platforms of Worldtradex where you can select colors in order for you to read and analyze easier the movements of the markets. Two most important things you need to know before trading is charting and analysis. This is significant in getting successful trades due to the fact that charting enables you to read and understand how the market moves. The volatility of the markets lets you determine whether to buy or to sell.
Providing a Secure Trading Environment
They offer support in English, Chinese, Thai, German, Portuguese, Italian, French, and other languages. There is video analysis, just like with their education, if you understand visual presentation better than words on a page. Compared to the other brokers on the market, this level of analysis is nothing short of impressive.
Is Worldtradex regulated and trustworthy?
The primary distinction between the Standard and Raw accounts lies in their https://worldtradex.live/ spreads and commission fees. The Standard account is commission-free but offers spreads from 1 pip, whereas the Raw account incurs a charge of $3 per lot per trade, but offers spreads from 0 pips. The Raw account is therefore best suited to active day traders and scalpers looking to make profits from small price movements.
Worldtradex’ online calculator instantly computes pip values, margin, swap, profit/loss, and converts quotes into your account currency. It supports all popular pairs, metals, and CFDs; the results can be directly copied into your trading journal. For passive investors, integrations with Myfxbook AutoTrade and Signal Start are available. Below you can see Worldtradex’ overall scores across ten key service quality criteria.
First, you will need to provide personal details and further information about your trading experience. Then, you will be asked to configure your account and then fill out the declaration. To check out the withdrawal fees that apply to each respective method, check out the details. The CFD fees for the non-index items like Apple and Vodafone are higher than brokers like XTB and Worldtradex.
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. The IRESS trading platform lists over 10,000 equity CFDs and a few futures contracts, but its availability remains geographically restricted. Comparing trading costs is challenging, with many variables impacting the final fees. We evaluated the spreads of the EUR/USD, gold, the S&P 500, and WTI crude, four of the most traded assets, available at all brokers. On Trustpilot and Forex Peace Army, clients rate Worldtradex’ support at 4.7–4.8 out of 5, praising the speedy chat, knowledgeable specialists, and effective first-attempt resolutions.
The Standard IRESS Account has a minimum deposit requirement of $1,000 AUD or equivalent. If a trader generates at least a $150 AUD commission in a month, then the $55 GST fee per month is waived. Also, there is a monthly GST fee of $22 AUD that is waived for ASX data whenever the trader generates at least $50 AUD of commission in a month. Fees and costs vary with Worldtradex, whether you choose a Forex Account (Standard Account/Raw Account) or IRESS Account.
Customer Support
Worldtradex also earned Best in Class honors for Commissions and Fees in our 2025 Annual Awards. That said, the broker’s Iress ViewPoint account option is less affordable, and is geared towards active traders with high-balance accounts. All three trading platforms offered are considered among the best in the industry. While Worldtradex does not have its own proprietary desktop platform, which is usually easier for beginners to learn, the choice of any of the three major platforms will keep most traders satisfied. With MT4, MT5, TradingView and cTrader all available, Worldtradex offers support for more trading platforms than most brokers.
Besides the build-in MT4 copy trading functionality, Worldtradex partnered with Myfxbook Autotrade, also available from within the MT4 trading platform. 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. Since mobile apps cater more to portfolio management, up-to-date developments, and copy trading, they offer the necessary tools to achieve the above.
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