There are 50 currency pairs available for trading on this account in addition to indices and commodities. worldtradex is a financial services provider operating globally and the broker is regulated in Cyprus. The company was founded in 2007 and since then has managed to attract 155,000 active traders from 130 countries. For self-sufficient traders seeking execution efficiency at competitive rates, worldtradex merits serious consideration despite its educational limitations. The decisive factor appears to be aligning your current trading knowledge, capital availability, and specific market interests with the broker’s strengths.
People come here to learn, hang out, practice, trade stocks, and more. Our trade rooms are a great place to get live group mentoring and training. Moreover, worldtradex + is user-friendly and a cut above many brokerage-provided platforms.
- So, you want to keep your account active and engaged to avoid withdrawal restrictions.
- These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved.
- Our review indicates that the brokerage and its trading platforms feature a host of market analysis tools to trade.
- A margin account requires a minimum balance of $25,000 to qualify for the Per Share Plan.
- For traders who require a more robust platform, worldtradex offers several options.
A consistent theme across reviews is worldtradex’s limited educational resources compared to full-service brokers. Multiple user assessments directly state the broker “lacks educational material,” making it potentially challenging for beginners seeking to develop trading skills. 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. worldtradex has solid trading platforms and competitive commission fees.
worldtradex Broker Spreads and Commissions
In this worldtradex review, we’ll cover their platform, what they do, and pricing. This broker is a US deep discount brokerage owned by WhoTrades, Inc., a Russian-owned company in 2015. Retirement accounts accepted are traditional, Roth, rollover, and SEP IRAs. As for entities, worldtradex offers Corporate, Limited Liability, Partnership, and Sole Proprietorship accounts. The broker’s association with WhoTrades offers social trading opportunities to observe successful strategies. Consider allocating commission savings toward third-party educational resources including books, courses, and trading communities for knowledge expansion.
Building a Knowledgeable Trading Community
The broker understands the importance of good customer service and provides 24/7 customer support via email, live chat, and over the phone. These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency. Among the financial service providers, there are fraudsters that we promptly report. Feedback and rankings from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders.
Expert reviews praise the worldtradex Plus web-based platform for its advanced features despite being free to use, highlighting its real-time streaming data, Level II market data access, and customizable layout. worldtradex suits cost-conscious active traders valuing execution efficiency over educational resources. Its commission structure benefits those making multiple weekly trades or maintaining larger positions. Self-directed and technical traders will appreciate the platform’s approach, while absolute beginners might find the learning curve steeper due to limited educational content. worldtradex’s competitive pricing comes with more limited educational content than full-service brokers. Supplement this by extensively using their demo account before risking real capital.
These can be traded on both the proprietary and third-party trading platforms and their fees are commission-based. Forex trading fees work using spreads to eliminate additional commissions or fees. The broker offers various methods for account funding, including bank transfer, Bitcoin, credit/debit card, crypto, Neteller, POLi, PayPal, Skrill, and iDeal. However, most withdrawals are charged 0.20% – 2.5% of the withdrawal amount. These platforms provide traders with a range of trading tools and features to execute their trading strategies effectively across various markets.
Our platform is designed to be a catalyst for your financial growth, fostering an environment where your investments can flourish and yield desirable outcomes. However, traders should pay attention to potential charges by individual payment channels. The deposit minimum is accessible, making the broker a decent option for seasoned and novice traders. The laudable support system is multi-channelled across live chat, email, and phone communication. Customers can also access a wealth of information on the trading platform, including detailed FAQs and tools for answering questions and explaining diverse trading nuances.
Why Lime Trading (CY) Ltd Stands Out:
Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders. Participating in financial markets involves high risk, which can result in the loss of part or all of your investment. These options provide flexibility for traders who prefer a more hands-off approach or want to diversify their trading strategies. worldtradex operates as a US deep discount brokerage owned by WhoTrades, Inc., a Russian-owned company since 2015.
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 platform’s analytical tools include real-time push notifications for market movements, trend exploration across multiple timeframes, and detailed instrument-specific insights. Broker maintains up to 14 different types of user accounts on its platform. Others include both joint accounts in common and others with rights of survivorship as well as the tax-deductible accounts that include IRAs, business accounts, and goal-oriented accounts like education savings. At the core of our offerings, lies a suite of distinctive advantages meticulously designed to elevate your trading experience to unprecedented heights.
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. All the above are broker-assisted plans and also include an additional fee of $20 per trade.
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 charges no withdrawal fees, though external payment providers may apply their own charges. Operating from Limassol, Cyprus, worldtradex is regulated by respected authorities including CySEC, NFA, and FINRA. These regulations ensure client Worldtradex courses scam protection through mandatory financial compensation schemes and segregated client funds.
Join Lime Trading (CY) Ltd today, and unlock a world of investment opportunities with a trusted partner at your side. Just choose the course level that you’re most interested in and get started on the right path now. When you’re ready you can join our chat rooms and access our Next Level training library. The Bullish Bears team focuses on keeping things as simple as possible in our online trading courses and chat rooms. We provide our members with courses of all different trading levels and topics. We are opposed to charging ridiculous amounts to access experience and quality information.
Best offers
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. We know that you’ll walk away from a stronger, more confident, and street-wise trader. What we really care about is helping you, and seeing you succeed as a trader. We want the everyday person to get the kind of training in the stock market we would have wanted when we started out. In the world of stock market and options trading, data-driven decisions often make the difference between profit and loss. First, I needed an honest, realistic, and affordable education in the stock market.
- Asktraders is a free website that is supported by our advertising partners.
- Meanwhile, the demo account allows new and experienced traders to practice strategies in a risk-free environment using virtual funds.
- In our review, we learn that the broker hosts four proprietary trading platforms and four third party trading platforms.
- Overnight funding fees and other transaction charges, require detailed understanding on the worldtradex platform.
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. We’ve created a trader-friendly environment with various deposit and withdrawal options, zero deposit commissions, intraday withdrawals, and round-the-clock customer support. On the other hand, traders are charged commissions starting from 3 USD per lot. The available platform is MetaTrader 4 (MT4) and similarly to the Standard accounts, traders have access to hedging, automated trading, and phone trading. The maximum number of available Forex pairs is 47 and traders need to deposit at least 200 USD to be able to open the account type. worldtradex provides several specialized platforms including Sterling Trader Pro, Etna Trading Platform, OEC Trader, and CQG Trader, along with their proprietary worldtradex Plus platform.
worldtradex Broker Company Information & Regulation Overview
Regulatory compliance is further demonstrated through worldtradex’s Better Business Bureau accreditation with an A+ rating. Choosing the right broker can significantly impact your trading success. We’ve gathered and analyzed numerous worldtradex reviews from both users and industry experts to provide you with a comprehensive assessment of this platform. Our goal is to present balanced insights based on real-world experiences, helping you determine whether worldtradex aligns with your specific trading requirements. worldtradex provides a free, web-based platform that’s more advanced than most brokerage platforms.
The platform selection accommodates different trading styles and technical preferences while ensuring access to markets from any device with internet connectivity. 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 daily deposit limit is set at $100,000 and withdrawals capped at $25,000. These amounts can take up to 7 business days to reflect in your worldtradex account and can only be withdrawn via ACH 10 days after the date of deposit or 60 days via check or bank transfer. Embark on a journey with our tailored investment portfolios, where every feature is sculpted to cater to your distinct financial persona.
