worldtradex uses an ECN for Forex on Raw accounts, providing direct pricing from top-tier liquidity providers with no markup. For certain CFDs and Equities, they offer Direct Market Access (DMA), allowing real-time access to live market prices straight from exchanges. This type of account is ideal for traders who work with smaller volumes or are fine-tuning their strategies.
Choose your language
According to industry research from ForexBrokers.com, with a Trust Score of 87, worldtradex is considered “Trusted”. worldtradex offers a variety of deposit methods to suit different preferences and needs. worldtradex offers bond trading, allowing you to buy and sell corporate and government bonds.
Mobile Trading Apps
worldtradex operates under the protection of the Act of Grace mechanism under section 65 of the Public Governance Performance and Accountability Act 2013. Australian clients remain shielded from potential damages by the Scheme for Compensation for Detriment caused by Defective Administration (CDDA Scheme). Overall, worldtradex is a strong choice for traders of varying levels of experience. However, as with any financial decision, it’s essential to conduct thorough research and consider personal trading needs before opening an account with any broker. In summary, worldtradex prioritizes efficiency and transparency in its deposit and withdrawal processes, aligning with its commitment to providing trader-friendly services. These policies contribute to worldtradex receiving a top rating for its deposit and withdrawal procedures.
Does worldtradex offer a demo account to practice trading?
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. The base plan starts at $35 per month (or $28 when billed annually), and includes a dual-core CPU, 4GB RAM, and 100GB SSD storage. The wide choice of geographic locations allows traders to place their VPS closer to their broker’s servers, improving performance. They have a trading course and many different video tutorials covering topics for beginners and advanced traders alike. They have sections for all levels of experience and they also have a number of eBooks on offer.
Kenyan resident clients will be serviced through through the Kenyan Capital Markets Authority (CMA) regulated subsidiary. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn’t imply direct instructions for investing. worldtradex does not charge an inactivity fee, which benefits traders who may not trade frequently. Traders should be aware of currency conversion fees when trading assets in a different currency. Traders engaging in Contract for Difference (CFD) trading will find worldtradex’ fees reasonable and competitive.
These contain a lot of the same features that are seen with their desktop versions and have been optimised for mobile devices. 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. Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com.
worldtradex User Experience
worldtradex impresses with its user-friendly trading platforms, extensive range of tradable instruments, and competitive fee structure. Its commitment to trader education and unique features, such as comparative analysis and trend exploration tools, enhance its appeal. The broker’s customer support is responsive, while its deposit and withdrawal methods are flexible and secure.
- According to industry research from ForexBrokers.com, with a Trust Score of 87, worldtradex is considered “Trusted”.
- Experienced traders in particular mention the IRESS platform in addition to MetaTrader 4, and direct market access.
- As Iress is mostly optimized for share trading — not forex — I focused on worldtradex’ MetaTrader offering and the worldtradex proprietary app for this review.
- There is a minimum deposit of $100 AUD (or equivalent) for Standard and Raw Accounts.
- Examples of Australian shares include Commonwealth Bank, BHP Group, and Westpac Banking Corp.
worldtradex trading platforms
They have over 600 other CFDs you can trade that have a max margin of 50%. You can get access to 355 share CFDs that are trading with less than 20% margin. In all, there are more than 10,000 different financial products for you to choose from, ranging from indices, equities and commodities.
There are several accounts to choose from when signing up with worldtradex. This option doesn’t have any commission charges and offers favorable trading conditions. The Raw account is a good option for more advanced traders, however this account does charge variable commission depending on trades.
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. worldtradex also earned Best in Class honors for Commissions and Fees in our 2025 Annual Awards. It’s worth noting that worldtradex’ share CFD offering on Iress provides Direct Market Access (DMA) in terms of its pricing and execution process, including full depth of book available within the platform.
Beyond these standard hours, the broker ensures that support remains available, accommodating its global clientele. Multi-channel support is a highlight, offering live chat, email, and phone support, enhancing accessibility and allowing traders to choose their preferred communication method. Additionally, worldtradex maintains a comprehensive FAQ section and provides educational resources on its website, empowering traders with the tools to address common queries independently. For share CFD traders in Australia, worldtradex provides Iress ViewPoint accounts, which include Standard (AUD 1,000 minimum deposit), Platinum (AUD 25,000), and Premier (AUD 50,000). There’s also an Iress Investor account, a low-cost option with limited features and no streaming data.
The broker maintains client funds in segregated accounts, protecting them from operational risks. While European clients under CySEC have the added benefit from the Investor Compensation Fund. worldtradex offer a number of platforms including MetaTrader 4 and 5, TradingView, cTrader and WebTrader which are all known for their reliability and advanced trading features. More than 10,000 stock CFDs are available to FP Market clients based in Australia. Adding more advanced video courses would only serve to improve worldtradex’ educational experience. Most of worldtradex’ research is found under the Traders Hub blog section on its website, where it is separated into technical and fundamental analysis.
In summary, worldtradex offers a straightforward account opening process. We used the chat service multiple times and consistently received responses Worldtradex website within 10 to 30 seconds. The support team was knowledgeable, promptly addressed our questions, and provided links to relevant resources when needed.
- One of FP Market’s plus points is the number of trading platforms it offers to customers.
- worldtradex’ Raw account is designed for more experienced high-volume traders, offering commission-based trading with spreads from 0.0 pips.
- Jeff Anberg is a Senior Editor at BrokerNotes.co and ForexBrokers.com.
- We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
- More than 10,000 stock CFDs are available to FP Market clients based in Australia.
- The platform is designed for informed traders who understand the risks of leveraged trading.
BeeksFX offers reliable, low-latency forex VPS hosting through Equinix data centers, with broker partnerships and the backing of a publicly-listed company. Its Bronze plan includes 2.5GB RAM, 30GB storage, and Windows Server 2022 for £31/month, making it ideal for traders seeking institutional-grade infrastructure. Steven Hatzakis has been reviewing forex brokers for nearly ten years and has 25+ years of experience as a forex trader. His broker reviews are unbiased and independent, and his expertise is sought after for global FX conferences and speaking events around the world.
As Iress is mostly optimized for share trading — not forex — I focused on worldtradex’ MetaTrader offering and the worldtradex proprietary app for this review. JustMarkets’s vision is to become the world’s most customer-centric broker, where everyone can trade and invest in a simple and transparent way. 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. Whether used independently or via a broker promotion, BeeksFX is one of the most established forex VPS options and one of the few providers that is publicly listed. worldtradex is a reliable broker, regulated by both ASIC in Australia and MiFID in Europe.
worldtradex is well-regulated as their operations are overseen by ASIC. ASIC is well regarded across the world and they are very diligent when it comes to their monitoring and supervision of those under their regulationi. They deal out hefty sanctions for those companies that are not complying with their standards. They are regulated by the Australian Investments and Securities Commission (ASIC).
worldtradex caters to desktop users by offering trading software compatible with both Windows and Mac operating systems. Windows users can download the desktop platform, while Mac users can access it through web-based solutions. These desktop apps provide advanced charting tools, user-friendly interfaces, and support for MetaTrader, algo-trading, and copy trading, making them suitable for traders of all levels and preferences.