In our review, we learn that the broker hosts four proprietary trading platforms and four third party trading platforms. The in-house platforms include the worldtradex+, worldtradex pro, the commission-free worldtradex Lite, and worldtradex mobile apps. They differ in such ways as the depth of their market analysis, access to sophisticated indicators, and platform-based trading costs. The US brokerage employs a market maker straight-through processing (STP) broker model. It supports the trade of mutual funds, stocks and bonds, ETFs, futures and futures options. Incorporated in 2006, worldtradex is an online brokerage launched by Success Trade Securities.
worldtradex Broker Specifications Summary
Nevertheless, I was impressed with some of the features available. For example, mousing over the Greek letter sigma displays all of an option’s Greek data. Mousing over a strike price displays the intrinsic and time values of an option in graph format. worldtradex offers several platforms and doesn’t charge a dime for any of them.
In this broker US review, we will be vetting the truthfulness of these claims, analyze the brokerage products and detail the nature of its services. This should help you form an opinion on the reliability of the online broker and aid your decision on whether to trust them with your cash. From Monday to Thursday, 9-6 pm EST is the available time for customer support, and on Friday, the timing is 9 am to 5 pm EST. It enables the customer to get a certain bonus and use it for multiple benefits. It usually takes five business days, along with an ACH activation form.
The broker ensures customers get easily accessible real-time assistance during standard hours (9 – 6 EST) via a live representative. They also extend their reach to cater to queries during extended hours. These can be traded on both the proprietary and third-party trading platforms and their fees are commission-based. With trading platforms compatible with Windows and Mac desktops, worldtradex ensures non-mobile traders have a comprehensive trading experience in the desktop environment.
Is worldtradex a regulated broker?
The Islamic account complies with Sharia law by eliminating interest charges, making it suitable for Muslim traders. Meanwhile, the demo account allows new and experienced traders to practice strategies in a risk-free environment using virtual funds. Our review indicates that the brokerage and its trading platforms feature a host of market analysis tools to trade.
worldtradex offers a wide range of trading instruments with sophisticated platform features catering to both trading newbies and market veterans. The platform’s commitment to user-centric solutions is evident in its diverse account types and focus on Worldtradex cheating creating a practical demo trading experience. Furthermore, its reliable customer support and streamlined deposit and withdrawal methods reinforce its reputation.
Trading Fees
However, worldtradex lacks traditional filters and tools since it caters more to traders who do higher-volume trading. Based on the user experience, the following rating and reviews are provided. The desktop trading platform makes use of images, pins, and phrases for better security of the user and its information. As discussed already, the minimum balance for keeping an account open is $100. The platform further has already-configured options, including Covered Calls, Iron Condors, etc. worldtradex’s Cyprus SEC- Registered company allows non-US traders to open an account with them and enable spot trading in cryptocurrencies, CDFs.
worldtradex Broker Restricted Countries List
However, like any financial undertaking, the choice of a broker should be rooted in meticulous research and informed judgment. While worldtradex’s offerings might resonate with many, aligning your unique trading objectives, strategies, and risk appetite with a broker’s features is pivotal. So, before diving into worldtradex’s offerings, evaluate the platform based on your goals and preferences. worldtradex doesn’t charge withdrawal fees, but external payment providers may have their fee structures. It takes one entire business day for domestic wire transfers, given that the information provided is legit. The transferring of the fund in the case of non-US countries may take one to two business days.
The brokerage offers Basic and Pro accounts, ensuring that both trading enthusiasts and seasoned investors find an accommodating trading environment. worldtradex is a globally renowned online securities trader that best describes itself as a deep discount brokerage house. The brokerage was launched in 2006 in Washington DC by Success Trade Securities. Currently employs over 1200 employees and maintains offices in over eight countries including the United States, China, and the United Kingdom.
Customer support
This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices. These options provide flexibility for traders who prefer a more hands-off approach or want to diversify their trading strategies. Each account type offers unique features tailored to different trading needs, ensuring that traders can find the most suitable conditions for their style and experience level.
Broker maintains up to 14 different types of user accounts on its platform. It allows investors to have access to markets without actually trading on their own. This might lead to the potential generation of revenue through investment fund management.
- They have a regulated fee that doesn’t exploit the registered users.
- worldtradex offers several platforms and doesn’t charge a dime for any of them.
- For those navigating the ebb and flow of market trends, the trend exploration tools become indispensable, offering a lens into the intricacies of market trajectories.
- The US brokerage employs a market maker straight-through processing (STP) broker model.
worldtradex Broker Spreads and Commissions
Another direct access provider is CQG, which allows exposure to over 40 world exchanges and combines futures and options trading. Ryan is a day trader with over a decade of market experience ranging from basic investing to active day trading. Over the years, he has tried tons of trading services and aims to educate other traders so they can make the smartest decisions. Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders.
I was also disappointed in the platform’s lack of research tools. worldtradex has won 6 prestigious awards, offering excellent services to over 155,000 users. Initiating one’s journey with worldtradex is elegantly straightforward and designed with user efficiency in mind.
Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. In the United States is licensed and regulated by both the Commodity Futures Trading Commission and National Futures Association(NFA). The discount broker is also a member of the Securities Investor Protection Corporation (SIPC) that insures the investor funds deposited with worldtradex for up to $500,000.
All research on various indicators, oscillators, smart robots, and artificial intelligence is conducted separately from our advertising department. TradingFinder.com assumes no responsibility for any potential losses or damages. Past results are no guarantee of future success, so make your financial and investment decisions with utmost care. While worldtradex advertises 24/7 support, some users have reported occasional delays in response times. Asktraders is a free website that is supported by our advertising partners.
- Their demo account is a masterstroke, offering a robust training ground for those looking to hone their strategies without financial risks.
- Each account type offers unique features tailored to different trading needs, ensuring that traders can find the most suitable conditions for their style and experience level.
- worldtradex offers trading services through Forex and CFD Standard, Forex ECN, and MT5 Global accounts.
- These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency.
- To have access to trading accounts, worldtradex’s mobile applications, worldtradex+, and worldtradex pro offer pin and fingerprint protection.
In this broker review, we vet its reliability and look at how trimmed trading costs have affected this deep discount broker’s effectiveness and competitiveness. Derivatives on the per-trade plan cost 50¢ each plus the $2.50 base. After 100,000 contracts in a month, the broker charges just 50¢ per option. That said, if you are trading that kind of volume, you may prefer a broker that caters specifically to options traders, like TastyWorks.
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