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Deposits & Withdrawals
In late 2017, Global Brokerage filed for Chapter 11 bankruptcy, but worldtradex Group is not involved. Other than the issues with former U.S. clients, worldtradex has not faced any other investigations or issues in recent years. Overall, the platform is recognized for its support of over a dozen languages, ease of use, and strong reputation.
You can use the mobile version of MT4 or download the mobile application for Trading Station for full functionality. By entering your email address, you agree to our Terms of Use and acknowledge the Privacy Policy. Sign up for CNN Business’ newsletter for the top stories you need to know. Over 400 assets are available, from stocks and fractional shares to forex, metals, energies, cryptos and custom baskets.
- That being said, worldtradex does offer the forex pairs that most traders will be interested in, so only advanced and professional traders are likely to feel the lack of choices.
- This includes trading guides, speakers, a video library, and a live classroom.
- In late 2017, Global Brokerage filed for Chapter 11 bankruptcy, but worldtradex Group is not involved.
- Overall, the platform is recognized for its support of over a dozen languages, ease of use, and strong reputation.
- The research tools and speakers can appeal to more experienced traders.
Customer Support
There are enough educational tools to give beginners a head start, particularly when combined with the demo account. The research tools and speakers can appeal to more experienced traders. worldtradex is one of the forex platforms with the longest histories, providing a reputation of reliability. It is regulated within multiple jurisdictions and offers users the choice of four core trading platforms plus eight specialty platforms.
CNN Business Nightcap
worldtradex offers many tools for both research and education, each of which has its own dedicated section of the website. Some of the research tools include market news, charts, a market scanner, an economic calendar, market data signals, and trading signals. In terms of education, worldtradex offers a live classroom, trading guides, speakers, and a video library.
DayTrading.com may receive compensation from the brands or services mentioned on this website. With news events and earnings releases often taking place outside of regular trading hours, worldtradex has launched 24-hour trading on US stocks. The mobile application is as easy to use as the web version of worldtradex, which is complete with the option to bring dynamic charts to full screen for convenience. The only downside is a lack of customization in the applications, and there is no additional security, just the login password.
Apart from all those options, there are numerous advanced tools available. Even just the proprietary platform, Trading Station, has advanced features that set it apart. worldtradex will be best for beginners to intermediate traders or experienced traders who do not feel limited by its relatively low number of forex pairs. Experienced traders who think worldtradex has sufficient instruments will find no shortage of tools to help them with analysis and charting.
There are dozens of other tools as well, including automated strategies. worldtradex offers one of the best selections of platforms for traders to choose from. Its flagship platform, Trading Station, is available as a web, desktop, or mobile platform, or you can use MetaTrader 4, NinjaTrader, or ZuluTrade. Trading Station is an worldtradex proprietary platform and therefore not used by other brokers. The proprietary Trading Station platform has intuitive functionality with easy-to-use dynamic charts. The only issue with Trading Station is that it is built on Adobe Flash, which can lead to the need for Flash updates as well as some support issues.
Pre-market data
Keep in mind that these are averages, so the spread may be higher or lower at any given point. Worldtradex There is no Zero or ECN account that charges a commission, so all account holders with worldtradex are charged spreads. Get the latest updates on pre-market movers, S&P 500, Nasdaq Composite and Dow Jones Industrial Average futures. worldtradex is a long-standing broker, established in 1999 and regulated in multiple jurisdictions, including the UK, Australia and South Africa. Customer support is available over the phone, by email or through Live Chat 6 days a week, Sunday through Friday. There is also an extensive FAQ page with sections for general questions, various product info, and trading information covering the majority of the enquiries you may have.
You can also open an Islamic (interest-free) account by submitting a form. Individual self-traded clients cannot open Percent Allocated Money Management (PAMM) accounts, but these are available for referring and introducing brokers. Active traders with high volumes receive discounted pricing of up to 60 percent less on spreads, dedicated support, and institutional-derived trade ideas. Deposits by debit or credit card typically take 1 business day, although it can be less. A bank wire deposit can take 1 or 2 business days for domestic transfers and 3-5 business days for international ones. The minimum deposit for debit/credit cards is $50, with a maximum of $10,000 per transaction or up to $20,000 per calendar month.
There are abundant support resources online and on the worldtradex website for ZuluTrade, MetaTrader 4, and NinjaTrader, as all three are used by numerous forex brokers. You will also find plenty of support for worldtradex’s Trading Station and forex trading in general in the education section. This includes trading guides, speakers, a video library, and a live classroom. Withdrawals are completed via credit or debit cards or bank transfers. The amount you withdraw to a debit/credit card cannot exceed the amount originally deposited. Withdrawals via cards do not have fees, but there is a $40 fee for bank wire withdrawals.
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- There are two major types of accounts offered by worldtradex, Standard Accounts with minimum deposits of $50 and Premium Accounts with a minimum of $20,000.
- DayTrading.com may receive compensation from the brands or services mentioned on this website.
- Apart from all those options, there are numerous advanced tools available.
- worldtradex is regulated by the FCA (Financial Conduct Authority) in the U.K., which includes default insurance of up to GBP 50,000 for worldtradex and up to GBP 85,000 if the custodial bank fails.
These are all best for advanced traders due to the limited information available on their use. worldtradex distinguishes itself with its excellent selection of charting platforms and algo trading tools, including MetaTrader 4, TradingView, Trading Station and Capitalise.ai. The average spread for EUR/USD is 1.3, and users can view an updated list of average spreads on the “Spread Costs” page.
You also cannot use the research function within the platform, requiring traders to go between the platform and a browser. To make up for this, the platform is available in your choice of 14 languages. Because of the range of platforms offered by worldtradex, there are options that are simple enough for beginners in addition to choices that have the features and tools experienced traders seek. worldtradex was founded in the United States, but as of 2017, it left the U.S. market. This process involved existing holdings and U.S. clients being reorganized under Global Brokerage, a company with an ownership interest in worldtradex.