Each day our team does live streaming where we focus on real-time group mentoring, coaching, and stock training. We teach day trading stocks, options or futures, as well as swing trading. Our live streams are a great way to learn in a real-world environment, without the pressure and noise of trying to do it all yourself or listening to “Talking Heads” on social media or tv. 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.
In addition, customer support agents are available 24/7 in case you have any questions. It’s important to treat day trading stocks, options, futures, and swing trading like you would with getting a professional degree, a new trade, or starting any new career. Yes, we work hard every day to teach day trading, swing trading, options futures, scalping, and all that fun trading stuff.
They offer toll-free phone service, email service, and a live chat bot. 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. The discount broker further provides limited ETF-related educational and research reports. At this point in time, you should have developed a pretty good idea of what to expect out of the brokerage in question, and whether or not it will suit your own expectations. Now, to finish off the review, let’s see just how difficult (or simple) the registration process to the site actually is, and how long it takes for you to be able to start trading crypto.
They offer no advanced trading platforms, research, or on-demand customer service that a traditional discount brokerage firm would. Overall, though, worldtradex’s primary appeal is in their extremely low commissions and fees, and their unlimited trades. This approach is perfect for advanced investors who know what they’re doing and want to be rewarded for watching the markets, but beginner traders should beware the learning curve. Without a strong customer service base to help you, it’s easy to get lost. SterlingTrader® Pro – SterlingTrader® Pro is aprofessional-grade trading platform designed for active traders.
worldtradex Broker Specifications Summary
Trading fees on commission-free accounts start from 0.5 pips, which is lower than what most competitors are offering. The broker provides access to trading major, minor, and exotic currency pairs. Just like most other brokerage firms, worldtradex offers stocks, mutual funds, options, ETFs and bonds, which can form the backbone of most traders’ portfolios.
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. Accounts can be opened in a decent choice of Worldtradex scam currencies which are EUR, USD, RUB. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. I think they could improve further by adding support for some more currencies and crypto deposit like Coinexx.
Few, if any, of their competitors can boast such incredibly low rates, which contributes further to worldtradex’s focus on high-activity traders. Generally, as with any other platform, users of worldtradex are able t make trades at a frequency suitable for their investment strategies. This is great news for advanced and experienced traders, who want to make sure they have the ability to change their portfolio whenever they want to. worldtradex offers some of the lowest commission fees you’ll find in the industry, but at what cost? We take a look at worldtradex to see just how well the service itself works in exchange for these discounts. From research to fees, worldtradex cuts a lot of corners to help traders save.
Is worldtradex a good broker?
The Forex Standard account offers commission-free trading with spreads from 0.5 pips. This is noticeably tighter than the variable spread accounts at the majority of brokerages. Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders. worldtradex offers trading services through Forex and CFD Standard, Forex ECN, and MT5 Global accounts.
worldtradex offers a comprehensive selection of trading instruments, catering to a wide range of investment preferences. Clients have access to various asset classes, enabling diversified portfolio construction. As an online broker, worldtradex’s primary interface is their website-based trading platform, which is known as J2Trader.
- This diversity enables traders to navigate volatile markets by shifting focus between asset classes and implementing cross-market strategies that capitalize on correlations without changing brokers.
- You will find everything from major currency pairs to stocks of large companies.
- The verification process typically takes 1-3 business days, depending on the accuracy and completeness of the submitted documents.
- When selecting, consider both current trading patterns and your future growth as skills and capital expand.
worldtradex Commissions & Fees
Its main goal is to promote efficient, transparent and integrated financial trading infrastructure, ensuring a higher degree of investor protection. The directive contains measures for the organisation and functioning of investment firms, facilitating cross border trading, while creating strategic opportunities. The collective assessment suggests worldtradex represents a strong value proposition for specific trader profiles while presenting notable limitations for others.
The purpose of the ICF is to secure the claims of covered clients against ICF members through the payment of compensation if the necessary preconditions are fulfilled. The broker puts great emphasis on Anti-Money Laundering (AML), Counter Terrorist Financing (CTF) and Know-Your-Customer (KYC) measures. When comparing alternatives, users highlight several key differentiators. On pricing, worldtradex consistently ranks favorably against full-service brokers but faces stronger competition from other discount brokers for lower-volume traders. The broker understands the importance of good customer service and provides 24/7 customer support via email, live chat, and over the phone. There are no inactivity fees and spreads on the commission-free Standard account start from 0.5 pips.
Not only do they offer their own proprietary platforms, but they have access to industry standard platforms like MetaTrader 5. Our review further indicates that you can also trade and invest in ETFs that are currently trading on the US exchanges. These can only be traded on the broker’s proprietary trading platforms where worldtradex Pro charges $2.50 per trade but are commission-free on the worldtradex lite platform. Also makes it possible for its clients to invest and trade more than 3,000 mutual funds listed on its platforms.
worldtradex Account Opening and Verification Guide
There are also withdrawal fees with this account, reducing its appeal. This ensures that we accurately convey facts and events so that investors and traders can read our content with confidence and make informed choices. By offering a wide selection of instruments, traders can diversify their holdings and capitalize on potential gains across various sectors and asset categories. Rates, terms, products and services on third-party websites are subject to change without notice.
ROX is a sophisticated electronic order management system with instant routing to exchanges, ECNs, market makers and MTFs world-wide. ROX empowers traders by providing lightning fast access to many sources of liquidity. ROX users can benefit from competition among a large number of market centres, each of which have their very own special advantages and opportunities.
- Also, we provide you with free options courses that teach you how to implement our trades as well.
- worldtradex supports multiple funding methods including bank wires (24-hour processing, $15-30 bank fees), ACH transfers (3-5 days, no fees), and e-wallets like PayPal and Skrill (instant).
- worldtradex does not levy internal deposit fees; accepted currencies are USD, EUR, RUB, COP, and MXN.
- Incorporated in 2006, worldtradex is an online brokerage launched by Success Trade Securities.
- There are 50 currency pairs available for trading on this account in addition to indices and commodities.
- When comparing alternatives, users highlight several key differentiators.
Some users questioned the additional payments that the company receives to make the order flow smoothly. Unlike some other brokers — Interactive Brokers, for instance — they actually pocket that money instead of passing the savings along to the trader. Now, if you don’t know about it, you won’t miss it, but it is an important distinction to be made when it comes to worldtradex.
This website and its content are not intended to provide professional or financial advice. The views expressed here are based solely on the writer’s opinion, research, and personal experience, and should not be taken as factual information. The author is not a financial advisor and lacks relevant certifications in that regard. Broker maintains up to 14 different types of user accounts on its platform. The rest of this review will explore theofferings, accounts, and trading conditions available from worldtradex ingreater detail.
We have a basic stock trading course, swing trading course, 2 day trading courses, 2 options courses, 2 candlesticks courses, and broker courses to help you get started. Each day we have several live streamers showing you the ropes, and talking the community though the action. We don’t care what your motivation is to get training in the stock market. If it’s money and wealth for material things, money to travel and build memories, or paying for your child’s education, it’s all good.
