worldtradex hosts seasonal promotions that coincide with major holidays, trading events, and market milestones. These promotions may include holiday bonuses, trading contests, and cashback rewards, providing traders with opportunities to earn extra rewards based on their trading activity during specific periods. Seasonal promotions are time-limited, encouraging traders to engage actively and take advantage of the enhanced offers. My mission with TrustedBrokers is to help you find the right broker for you, whether you’re a beginner or a pro.

A margin call is what happens when a trader runs out of free margin. If there is less amount deposited than required under the terms of leverage, open trades in Forex are automatically closed. This is a mechanism that limits the loss and traders do not lose more than their deposited amount.

Advantages of leverage in Forex

High leverage is like getting a loan from a broker, but there’s no interest to be paid. It’s like getting a business loan from a bank without needing to pass a credit check. For example, GBP/JPY is more volatile and has less trading volume than GBP/USD, so you’d expect to get less leverage on GBP/JPY.

Withdrawals at worldtradex are also disappointing, with all methods besides cards and wire transfers incurring a percentage withdrawal fee that can reach a hefty 3.4%, depending on the method. https://worldtradex.site/ Wire transfers incur a $30-$45 flat fee (minimum limit of $500), many times more than the $5 withdrawal fee at eToro. Importantly, all deposits are fee-free, and e-wallets like Skrill and Neteller process within an hour, compared to 5-7 working days for wire transfers. Your portfolio and any live forex positions may become liquidated if you don’t have enough margin because you’re trading at the limits of leverage. Losses can end up massive, and profits can shrink with forex leverage.

That said, the bonus could not be withdrawn, and if your account balance reaches below 50% of the available bonus credit, the amount will be removed. This is essentially free credit that can be used for trading purposes, and I was pleased on this occasion that there were no minimum trading requirements. The sign-up process is also pleasingly simple and there is a swap-free solution for Muslim traders available upon request. Once you take the leverage on offer from your broker, you must meet the obligation of this liability. Whether the transaction wins or loses, you must pay for the principal amount. Leverage can help you to squeeze profits out of FX trading when volatility is low.

Deposits & Withdrawals

1 Equity is your account balance plus the floating profit/loss of your open positions. worldtradex reserves the final right, in its sole discretion, to change you leverage settings. worldtradex is an offshore broker established in 2010 by foreign exchange market professionals. worldtradex deposits are free, easy, and instant (if you pay by card or crypto). You could also receive a 100% bonus on your first deposit, up to US$2,000.

Are there any withdrawal fees?

worldtradex operates in a regulated environment, which ensures a safe and supportive trading experience. However, for better transparency, we recommend signing up with a European entity. Forex trading is a cornerstone of https://worldtradex.club/ worldtradex’s offerings, featuring a comprehensive selection of currency pairs for traders to explore. These include major pairs like EUR/USD and GBP/USD, known for their high liquidity and tighter spreads. Minor pairs, such as EUR/GBP and AUD/CAD, provide additional trading opportunities with slightly wider spreads. For those interested in less conventional markets, exotic pairs like USD/TRY and EUR/ZAR are also available.

Similarly, the ‘Market Analysis’ section had a focus on just three currency pairs during testing which is not wide enough in my opinion. Another big downside is the lack of web trader compatibility, which I find convenient because it provides straightforward and fast market access. This is low compared to many brokers, but it’s still a downside since rivals like Vantage charge nothing, making them a better fit for casual traders. I really like the ‘average spread tool’ available on the broker’s website which displays fees over recent trading sessions.

They have been running the business for over 14 years, so it seems they managed to add a lot of instruments for all this time. I like how tight spreads they provide on the forex market and the spreads are even more tighter than from other major and famous brokers. The technical support is good and it is noticeable that there are competent guys working. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Withdrawal fees may vary depending on the method and region, but worldtradex ensures that they remain minimal. For full transparency, all withdrawal fees are outlined in detail in the table below, allowing traders to review costs before choosing a withdrawal method. The platform works on all operating systems and supports EAs, hedging, and advanced technical indicators, analytical tools, and charting features. worldtradex offers software that can be downloaded for PC, used as a mobile app for trading on the go, and includes a Multi-Terminal for managing multiple accounts at once. All worldtradex clients can access free trading tools through the Traders Hub, which provides various helpful features. These tools include VPS, SMS notifications, EAs, technical analysis, and trading tools.

However, worldtradex has outdone many competitors by offering the kind of tight spreads you’d expect from ECN accounts without charging a commission. You must satisfy margin conditions before you get provided with leverage. The broker may enact a margin call if you don’t ensure enough capital is in your account to keep your trades live and meet the leverage requirements. Most currency pairs trade in ranges of approximately 1% during a trading day.

The platform employs state-of-the-art security measures to safeguard both personal data and client funds, ensuring that all transactions and information are securely managed. By continuously updating its security protocols, worldtradex guarantees a secure trading environment for all its users. Traders are encouraged to review the broker’s comprehensive legal documentation to gain a thorough understanding of its compliance policies and regulatory adherence. As is the case with many forex brokers, the only trading platform that worldtradex’s clients can use is the MetaTrader 4 (MT4).

  • Whether you prefer to trade on a desktop or on the go, worldtradex delivers a seamless trading experience.
  • In this worldtradex review, we examine the broker across key categories, including its accounts and fees, trading platforms, and customer support, to find out how it competes with alternatives.
  • Yes, worldtradex is considered safe for traders, thanks to its comprehensive security technologies designed to protect both client funds and personal data.

worldtradex rewards traders who refer friends and colleagues to the platform through its Referral Program. For each successful referral that opens an account and meets the trading criteria, both the referrer and the new trader receive a bonus. This program creates a mutually beneficial arrangement, encouraging traders to share their positive experiences and expand the worldtradex community. Starting with customer data and money protection and up to customer support service.

worldtradex provides access to a variety of indices, including well-known benchmarks such as the S&P 500, Dow Jones Industrial Average (DJIA), NASDAQ Composite, FTSE 100, DAX 30, and Nikkei 225. worldtradex offers competitive spreads and leverage options on indices, facilitating both speculative trading and hedging strategies. The platform is equipped with advanced analytical tools, including technical indicators and charting features, to help traders analyze market trends and make strategic trading decisions.