However, bank wire transfers and some alternative methods may take up to five Worldtradex business days to clear. With PaybackFX, the exclusive rebate platform from Myfxbook, traders can link their existing Worldtradex trading account or open a new one through PaybackFX to start earning rebates on every trade they place. Clients trading under CySEC (European Union) regulation benefit from negative balance protection, which prevents losses from exceeding account balances during high market volatility. However, international clients outside of the EU may not be covered by this protection, so it is essential to check which Worldtradex entity your account is registered under. You can also make bank transfers and there may be fees that your bank charges you for making such transactions.
Tradable Instruments
ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Yes, Worldtradex provides a VPS service, particularly beneficial for traders using automated strategies or expert advisors (EAs), with free VPS available to high-volume traders. Worldtradex does not charge internal withdrawal fees, but external payment providers (like international banks or e-wallets) may charge transaction fees.
Worldtradex vs Pepperstone Volume
Worldtradex and IC Markets stand out in the online trading world with their solid regulatory credentials and trust ratings. Founded in 2005, Worldtradex has established itself with two top-level Tier-1 licenses and a Tier-2 license, leading to a notable trust score of 89. Although it isn’t publicly traded or a bank, its licensing and trust score put it in the “trusted” category, making it a reliable choice for traders.
Deposit and Withdrawal Fees
The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option. CTrader is aimed at advanced traders, offering Level II market depth, server-side stop orders, and an integrated cAlgo for C# robots. Worldtradex utilizes direct routing to a liquidity pool, ensuring that the average spread on EURUSD is between 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.
Trading Central
These regulatory bodies enforce strict compliance with financial laws, enhancing trust and security for traders globally. One of the only drawbacks to their offering is the charges they have on deposits and withdrawals when using their Iress platform. Otherwise they have a quality customer support team, competitive price and a great reputation in the sector for serving the needs of their customers. As you can, Worldtradex is extremely well-regulated and look after the needs of their clients no matter what they may be. They have an extensive array of investment products for you to trade, as well as many different trading platforms to choose from.
- Worldtradex stands out with its proprietary platform developed in-house, alongside offering popular platforms like MetaTrader 4 and MetaTrader 5, accessible via Windows and web-based platforms.
- MetaTrader 5 (MT5) is the enhanced successor to MT4, developed by MetaQuotes, and it broadens the scope of available trading instruments.
- We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence.
- Despite these similarities and slight differences, both Worldtradex and IC Markets are highly rated for their range of investments, each earning a rating of 4.5 stars.
- This showcase how much a sterling reputation they have in the brokerage space.
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. Worldtradex shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader, TradingView, or cTrader platform. The Iress platform suite offers well over 10,000 tradeable symbols, but it’s mostly a share trading platform and is generally a much pricier option. Worldtradex offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the Iress platform for more advanced traders looking to access share trading and direct market access.
Higher volumes can reflect a brokers popularity and liquidity, which may influence your trading experience, particularly during volatile market conditions. A Forex rebate service allows traders to recover a portion of the spreads or commissions they incur on their trades. Operating much like a cashback program, it returns part of the trading costs directly to the trader’s account, helping to reduce expenses and potentially enhance long-term profitability. To accommodate clients who follow Sharia law, Worldtradex offers Islamic swap-free accounts.
Is Worldtradex an ECN broker?
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. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. 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).
Between these two brokers, IC Markets ranks slightly higher at #5 compared to Worldtradex at #6 in the Commissions and Fees category by ForexBrokers.com. Each broker provides competitive pricing models tailored to different types of traders, with IC Markets offering additional discounts for those trading over 100 standard lots per month. Both brokers cater to diverse trading needs, ensuring highly attractive conditions for their clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
For traders using the IRESS platform to trade shares, the minimum deposit is significantly higher at $1,000. Worldtradex provides its clients with a comprehensive suite of trading platforms designed to suit all levels of experience and trading styles. Whether youre new to the markets or a professional trader, the broker ensures a seamless trading experience across desktop, browser, and mobile environments.
In all, there are more than 10,000 different financial products for you to choose from, ranging from indices, equities and commodities. Worldtradex is the leading online brokerage of its kind in Australia and this is reflected in their offering of investments. You can get all types of ASX shares in the form of CFDs and you are able to short as many as 300 different CFDs. Worldtradex deposits and withdrawals are free, easy and instant (if you pay by card or cryptocurrency). Swap-free accounts, also known as Islamic accounts, are available upon request.
- A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
- Additionally, traders can benefit from a free virtual demo account for simulated trading and engage in copy trading.
- Review this table to see which broker offers tighter spreads across major forex pairs, helping you lower your trading costs.
- Minimum deposit is low (100 AUD), there is multi-language education, 24/7 chat support and a commission-free Standard account with fixed costs inside the spread.
- According to ForexBrokers.com, Worldtradex holds the 18th position, while IC Markets ranks at 25th in the Range of Investments category out of 63 brokers evaluated.
MT5 includes features such as six types of pending orders, hedging capabilities, and the Depth of Market display. It also introduces a multi-threaded strategy tester, 21 timeframes, 38 indicators, and 44 graphical tools. Users benefit from an integrated email system that allows file attachments and can transfer funds between accounts. As an all-in-one trading platform, MT5 is available in desktop, mobile, and browser-based versions.
On Trustpilot and Forex Peace Army, clients rate Worldtradex’ support at 4.7–4.8 out of 5, https://worldtradex.blog/ praising the speedy chat, knowledgeable specialists, and effective first-attempt resolutions. A few minor complaints include occasional delays during market downturns and the need to resend files in e-mail exchanges when queries are transferred between departments. Overall, the customer support is considered one of the broker’s strong points, especially for new traders. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
The scores provide a quick reference but do not reveal all the nuances—continue reading the review to explore detailed arguments and real test cases. Later, a European division under a CySEC license and a South African entity under an FSCA license joined the Australian company, transforming Worldtradex into an international brokerage group. No, Worldtradex does not accept clients who are residents or citizens of the United States.
Specializing in ECN pricing and fast execution, Worldtradex provides access to a broad range of instruments including Forex, shares, commodities, indices, and cryptocurrencies. Traders can choose between the popular platforms, backed by powerful tools and competitive conditions. Copy trading accounts are available if you prefer to copy other traders, rather than making your own investment decisions. We like the Worldtradex copy trading platform because it provides more risk management tools than other platforms. It’s free to copy others, as your signal provider will only charge a performance fee on profits. Worldtradex shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform.
Iress is known for delivering Direct Market Access and offers tools like transparent pricing, market heat maps, real-time news streams, and highly customizable workspaces. Traders can access prices for over 10,000 financial instruments, including domestic and international futures, share CFDs, commodities, indices, and Forex. The platforms support a full range of trading features such as 59 technical indicators, more than 50 drawing tools, and the ability to manage multiple portfolios. Iress is compatible with Windows and Mac devices and can be accessed from any modern browser. Worldtradex provides demo accounts across all its trading platforms, including MetaTrader 4, MetaTrader 5, and IRESS. These accounts are equipped with virtual funds, allowing traders to test strategies, explore platform features, and experience real market conditions without risking capital.
