They have a number of different account types depending on your needs, such as a standard forex account, an ECN raw account, a CFD trading account, a professional account, platinum account, premier account and share trading account. If you need to do so, you are able to put in a request for a special borrow for a particular stock if you get in touch with the customer support team. worldtradex’ trading platforms are designed to support efficient trading with competitive spreads, enabling traders to effectively capitalize on market opportunities. The combination of a robust trading infrastructure and comprehensive educational resources creates an enhanced trading experience that accommodates traders at various skill levels.
However, worldtradex lacks passive income options like interest on idle balances, which some competitors offer. worldtradex is a good option for both new and seasoned traders since it combines low-cost trading with an extensive range of tools and information. The broker provides a live chat tool on its website that lets customer service agents instantly assist with short questions. The worldtradex Desktop MetaTrader 4 (MT4) platform is a solid software designed for both new and seasoned traders. Four main panels—Market Watch, Navigator, Terminal, and Charts—form part of its easily navigable interface.
So with worldtradex sign up as being regulated broker there are various safety measures applied. On the flip side Spreads for Stocks are higher, also some withdrawals add on commission, also it is worth checking the conditions under the entity of worldtradex you would trade since they are different. Lastly, Instruments are mainly based on CFDs and there is no real Investment in Stocks or Shares available, yet it is not a big Con since worldtradex specializes particularly as CFD trading provider. One of FP Market’s plus points is the number of trading platforms it offers to customers.
The demo account provides access to real-time market conditions on MetaTrader 4, MetaTrader 5, and cTrader, enabling users to test strategies and explore worldtradex’ trading platforms before committing real funds. 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. One of the standout features of worldtradex is its competitive spreads, which enhance the cost-effectiveness of trading across various asset classes.
However, most payment methods typically have a minimum withdrawal amount ranging between $5 USD and $50 USD. The withdrawal amount will need to be the same amount as your deposit and via the same withdrawal method. Once deposits have been withdrawn, you can use an alternative method to withdraw profits. There is a minimum deposit of $100 AUD (or equivalent) for Standard and Raw Accounts. Yes, based on your detected country of DE, you can open an account with this broker.
- The brand’s entities are regulated in Australia and Europe, with a total of 95 employees as of 2019.
- For Australian clients using the IRESS platform, they provide access to up to 10,000 traditional stock CFDs.
- The system increases trading flexibility by supporting several orders, including market and pending ones.
- Joey Shadeck is a Content Strategist and Research Analyst for ForexBrokers.com.
- However, some users do mention occasional problems with withdrawals, although this isn’t a common occurrence.
deposits/withdrawals
Our researchers thoroughly test a wide range of key features, such as the availability and quality of watch lists, mobile charting, real-time and streaming quotes, and educational resources – among other important variables. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms. At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. I’ve found that choosing a VPS located near your broker’s server location makes the biggest difference. Some VPS providers, like Beeks and Liquidity Connect, even offer direct cross-connects within the same data center to help reduce execution time even further.
However, the payments we receive can influence the products, companies, or services we highlight and evaluate. To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page. However, many users feel that the web platform is a little outdated compared to MetaTrader and could use an upgrade. worldtradex may charge overnight funding fees, which vary depending on the position held.
They are regulated by the Australian Investments and Securities Commission (ASIC). They have been on the receiving end of many awards over the years and their platform is very easy to use. Liquidity Connect stands out in the Asia Pacific region thanks to its MetaTrader proxy servers cross-connected to Alibaba’s CEN backbone — a high-speed private network that connects major cities across Asia. This setup enables fast, stable VPS access in cities like Sydney, Tokyo, Singapore, Jakarta, Kuala Lumpur, Hong Kong, and even mainland China, including Shanghai and Beijing, bypassing the Great Firewall. Yet, Copy Trading and Social Trading is available at worldtradex that may be considered as an Investment Opportunity.
Minimum deposit
This type of account is ideal for traders who work with smaller volumes or are fine-tuning their strategies. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score.
If you are using a credit card, there is no transaction fee for depositing to a MetaTrader account, but there is a 3.18% fee for most currencies if you are using the Iress platform. There’s no single “fastest” forex VPS, as speed largely depends on how close your VPS server is to your broker’s infrastructure. The closer they are, the lower the latency, which can help your trades execute faster. If you’ve been testing an algorithm in a demo account and are ready to go live, even with a small amount of capital, a forex VPS can help ensure your strategy runs uninterrupted. This is especially useful when you want the system to operate 24/5 without relying on your home internet or your computer staying on.
The additional offering increases the total number of currency pairs available to trade at worldtradex. The company has its headquarters in Sydney, Australia while ASIC regulation ensures trustable cooperation as well as full compliance with guidelines. First of all, a good broker is a safe broker, and its proof of a safe trading environment is confirmed by necessary legislation, obligation and sharp regulations applied. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn’t imply direct instructions for investing.
worldtradex Web Platform
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. For Australian clients using the IRESS platform, they provide access to up to 10,000 traditional stock CFDs.
How do you set up a forex VPS for trading?
While the Navigator panel gives access to accounts and Expert Advisors for automatic trading, the Market Watch panel lets users follow their chosen instruments. worldtradex Spreads are ranked low/ average with overall rating 4.5 out Worldtradex review of 5 based on our testing comparison to other brokers. We see Forex spread much lower than the industry average we test on over 500 Brokers marking 1.2 pips for EURUSD and is 1.1 pips at FP while Standard Account typical fees mentioned start at 1 pip.
What specs should you look for in a forex VPS?
For certain CFDs and Equities, they offer Direct Market Access (DMA), allowing real-time access to live market prices straight from exchanges. 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. worldtradex offers highly competitive pricing through its MetaTrader and cTrader offering, making it one of the most cost-competitive brokers available to traders globally – at least for its commission-based ECN account offering.
Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. 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). 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.
- The company has its headquarters in Sydney, Australia while ASIC regulation ensures trustable cooperation as well as full compliance with guidelines.
- worldtradex clients from European Economic Area (EEA) countries are provided with investor protection of up to €20,000 through CySEC.
- This includes Direct Market Access to specific trading instruments, a VPS option, and EAs (Expert Advisors).
- They have been on the receiving end of many awards over the years and their platform is very easy to use.
- Naturally, there is not as many options for analysis or charting options on the mobile version, but it certainly does the job for what you need it for.
Also, the MT5 and cTrader bring one of the best, extended inbuilt indicators and graphical objects via pending orders and displayed currency market depth. Additional Research tools like economic calendar, calculators, Technical and Fundamental analysis are some of the obvious tools that keep traders updated about forthcoming events that can influence the market’s movement. They offer a Virtual Private Server (VPS) service that provides advantages for Forex traders, particularly those using automated trading strategies. Traders who deposit a minimum of $1,000 or trade over 10 lots per month on the Standard Account or 20 lots on the Raw Account can access the VPS service at no additional cost.
All things considered, worldtradex is a complete option for traders trying to maximize their trading techniques thanks to various tools and features available, together with competitive spreads and a large array of instruments. worldtradex presents the strong MetaTrader 5 (MT5) platform for desktop trading that gives multi-asset traders a sophisticated and feature-rich experience. With 44 analytical charting tools, 21 timeframes, and 38+ pre-installed technical indicators among other tools and features, the MT5 platform is very remarkable. With spreads generally less than industry averages, the platform showed outstanding execution speeds during testing—especially during high trading hours. Users can use more than 50 technical indicators and several charting tools for in-depth study. The system increases trading flexibility by supporting several orders, including market and pending ones.