Our ECN XL account has all the features and benefits you would expect and demand from an ECN/STP broker who has always been right at the cutting edge of industry development. It is one of the most advanced trading accounts, packed full of features and benefits, currently available in the forex industry. Security is a paramount concern for traders, and Worldtradex addresses this with a commitment to maintaining a secure trading environment. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), adding an extra layer of credibility and assurance for traders.
MetaTrader platforms
Clients may also use their Facebook or Google accounts to open an account. Since Worldtradex is a regulated and fully compliant broker, new traders must pass account verification per AML/KYC stipulations. A copy of the ID and one proof of residency documents usually satisfies this final step.
At Worldtradex we often use a motto that we have adopted over the years; “from small acorns great oaks will grow”. Every ECN trader starts somewhere that is why every Worldtradex client is treated as an individual, a VIP, who will enjoy a personal, unrivalled level of service. Clients can open a ECN XL account with only $100 and enjoy the same level of https://worldtradex.biz/ dedicated full support and service as if they are a VIP client.
Worldtradex maintains one of the cheapest Forex cost structures available, with commission-free quotes from 0.0 pips or $0.00 per 1.0 standard lot for the most liquid currency pairs like the EUR/USD and the USD/JPY. The average spread for major currency pairs is below 0.5 pips or less than $5.00 per lot, offering traders a distinct pricing environment advantage. Worldtradex supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill.
These tools include VPS, SMS notifications, EAs, technical analysis, and trading tools. Additionally, the platform offers interest rates from global central banks. Worldtradex provides free VPS (Virtual Private Server) access for stable, fast, and high-performance trading.
INNSiDE by Meliá Frankfurt Ostend
Worldtradex also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework. New traders have access to fourteen quality educational posts plus a dedicated section on major economic reports. Eleven eBooks complete the education at Worldtradex, and Worldtradex company reviews the overall product remains impressive. Worldtradex offers beginner traders a sound educational offering from where traders can expand. While an interactive course or videos are not available, the existing content provides a well-thought-through introduction to trading.
However, for better transparency, we recommend signing up with a European entity. 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.
Worldtradex Trading Hours (GMT +
Quotes remain sourced from multiple liquidity providers and matched for the best possible execution. Worldtradex has two operating subsidiaries, one authorized by the business-friendly VFSC and one by the CySEC, which operates under the globally least-competitive ESMA regulatory framework. Traders using the MetaTrader 4 Mobile App enjoy powerful functionality for trading Forex at anytime and anywhere on the planet. An entire library of analytics and trading options is available for mobile devices. The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed.
Your trading opportunities and potential success is automatically enhanced by using our straight through processing order fulfilment, in an ECN (electronic communication network) environment. Traders have access to numerous deposit and withdrawal options at Worldtradex. Terms and conditions apply to receive it for free as advertised, but all the information is fully transparent and easy to understand.
It is a very simple innovative and intuitive process, that any trader familiar with using the MetaTrader 4 Client Terminal, can easily get acquainted with quickly. Launched in 2006, the MetaTrader 4 MultiTerminal is a now a respected and revered component of the MetaTrader 4 Online Trading Platform. The MultiTerminal is intended for simultaneous management of multiple accounts. This is an extremely valuable facility and platform for those who manage funds, or those who manage investors’ accounts and for traders working with many accounts simultaneously. Start trading with No commissions, No swaps, and tight interbank spreads starting from as low as zero.
Is Worldtradex regulated?
- Information secured in this fashion is virtually impossible to hack in any short amount of time.
- Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
- Yes, Worldtradex is regulated by the Cyprus Securities and Exchange Commission (CySEC) and is considered a low-risk trading broker.
- Known for its user-friendly interface and robust features, MT4 offers a seamless trading experience.
- Traders using the MetaTrader 4 Mobile App enjoy powerful functionality for trading Forex at anytime and anywhere on the planet.
Here is a screenshot of the Worldtradex quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. The platform allows orders to be placed in a variety of ways, including trading directly from charts. Embedded tick charts are an extremely useful way to determine accurate entry and exit points. Traders of all levels can deepen their knowledge through a variety of educational resources.
- Using MQL4 you can build-up your own library of custom indicators, scripts and function database.
- You will be able to take advantage of the ECN/STP model of forex trading we helped to pioneer.
- MetaTrader 4 is a series of platforms designed by MetaQuotes Software Corporation.
- Worldtradex has worked hard in making the world of Forex more transparent with a greater degree of control for traders.
- Worldtradex broker, or FX Central Clearing, is a Forex broker from Cyprus that started in 2010.
This dedicated server can handle multiple platforms and accounts, run automated programs, and ensure smooth trading operations. In conclusion, Worldtradex stands out in the competitive forex brokerage landscape by offering a reliable and transparent trading environment. The broker’s commitment to technological excellence, diverse account options, and client-focused services make it a compelling choice for traders seeking precision in their forex endeavors. Whether you’re a beginner exploring the markets or an experienced trader looking for advanced features, Worldtradex’s offerings cater to a wide range of trading needs, making it a broker worth considering in your forex journey. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 86% of retail investor accounts lose money when trading CFDs with this provider.
Customer Support
Worldtradex offers a comprehensive range of tradable instruments, including major and minor currency pairs, commodities, indices, and metals. This diversity allows traders to build diversified portfolios and explore various market opportunities, catering to both short-term and long-term trading strategies. Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat. The FAQ section answers many of the most common questions, and Worldtradex is transparent about its products and services.
In addition to this, Worldtradex also offers the possibility to use the extended security algorithms of Public Key Cryptography. Information secured in this fashion is virtually impossible to hack in any short amount of time. Dealing desk and market making brokers often provide fixed spreads, an indication that the spreads quoted are not from a true, efficient and organic marketplace.
Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters. The minimum deposit at Worldtradex usually starts at $100 or the equivalent in other currencies. It maintains sufficient capital reserves, segregates client deposits from corporate funds, offers negative balance protection, and undergoes audits. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the ECN XL account.