worldtradex Brokers Fees, Forex Spreads, Leverages, Commissions

worldtradex offers a free demo account for traders to practice trading in a risk-free environment. As well as priority support, market depth is stronger with multiple levels of liquidity at each price, offering useful information for high-frequency traders. The actual amount depends on when the country where the account is based. worldtradex bank withdrawal fees range between 0 to 25 currency units for domestic transactions and between 0 to 40 for international ones, except for Japanese Yen transactions, which cost JPY ¥3,000. Stop payment fees on withdrawals via cheques cost between 10 and 35 currency units, dependent on the withdrawal currency. Swap rates are the most ignored trading costs, which may become the most significant fee per trade, dependent on the strategy.

worldtradex Fees, Spreads, and Commission Explained

Regulations ensure that the broker operates within strict guidelines designed to protect traders’ funds and maintain market fairness. It’s always advisable to verify a broker’s regulatory status before opening an account to ensure that your investments are protected. Founded in 2014 and acquired in 2021, BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices.

Overview of worldtradex Fees and Charges

worldtradex is a global forex provider trading with various worldtradex entities in the UK, Europe, Australia and South Africa. We found that worldtradex has a simple, helpful account type structure, a hybrid trading execution model and a good range of trading platforms. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

worldtradex commission

• Overnight costs are also applied for positions held after 10 pm GMT, but this is industry standard.
• Not only does worldtradex offers a choice of 4 trading platforms (2 of them the best social trading platforms) the broker also offers 7 speciality platforms.
• For example if your worldtradex account base currency is USD and your funding method is EUR or GBP, you will be subject to a currency conversion fee from your worldtradex deposit method used.
• worldtradex is especially proud of their own Trading Station II (not to be confused with another platform TradeStation).
• You can forget about managing crypto wallets and planning cashouts as you are not actually owning the coins when you trade them as CFDs.

We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. worldtradex is well-suited for beginners, providing comprehensive educational materials and user-friendly platforms. That said, there is some room for improvement and the overall educational offering still trails some industry leaders in this category.

Swap rates apply on leveraged overnight positions, which triple on Wednesday to account for trades kept open over the weekend. worldtradex provides tools for beginner and professional traders for market analysis. As a trader, you get access scammed by Worldtradex to an economic calendar, earnings calendar, market news, live Forex charts, and market data signals. Additionally, there are easy-to-understand guides for novice traders available on the broker’s web page. If you haven’t logged into your worldtradex account in a while, your worldtradex account is considered inactive.

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If you want to avoid being charged for worldtradex inactivity fees after a longer period of time, you need to be strategic about the worldtradex trading activity you engage in. The abbreviation for “London Interbank Offered Rate” is “LIBOR.” When determining the worldtradex overnight fees for stocks, worldtradex makes use of the US Dollar LIBOR rate for one month. The London Interbank Offered Rate (LIBOR) publishes 35 different rates every day; these rates range from overnight to 12 months and are based on five different currencies. worldtradex traders must keep an eye on LIBOR rates when understanding any potential worldtradex fees that may be applied. Some worldtradex financial instruments do not offer zero commission trading for example that are leveraged or shorted, and additional worldtradex fees may still be applicable in some cases.

Raw Account Spreads

It was built based on the feedback from worldtradex traders and trading data accrued from over 10 years to meet the needs of their clients. These stats show that worldtradex completes your orders with no slippage more than 60% of the time. worldtradex can be compensated in several ways, which includes but are not limited to adding a mark-up to the spreads it receives from its liquidity providers, adding a mark-up to rollover, etc. Commission-based pricing is applicable to Active Trader account types. If you are a high-volume investor, then the Active Trader account may be for you. This account offers worldtradex’s lowest spreads with the added benefit of discounted commission, dedicated support, and depth of market.

The availability of MetaTrader 4, TradingView, an assortment of add-ons for algo trading, and its own proprietary platform Trading Station provides traders with excellent technical resources. worldtradex offers a ‘forex simulator’ that provides traders with a realistic and risk-free environment to practice their trading strategies. The simulator is designed to replicate live market conditions and allows traders to execute trades, monitor price movements, and analyze their performance without risking actual capital. While using the broker, we got low spreads from 0.6 pips on the AUD/USD and 0.9 pips on EUR/CHF. This compares well to leading forex brokers, including Pepperstone and AvaTrade.

Does worldtradex Offer Low Forex Trading Fees?

Please note that due to FCA regulation, UK retail traders are not able to trade cryptocurrencies with UK brokers. If you want access to crypto markets, you will need to sign up for an worldtradex subsidiary outside of the United Kingdom. It is also a great option for active traders who benefit from an abundance of technical analysis tools, including over 150 analytical tools and a wealth of customisable charts and drawing tools. The worldtradex Trading Station forex platform is generally hard to fault, it has a very user-friendly design and comes with has become worldtradex’s hub for investment advice. One of the key features of the platform is the free professional charting tool known as Marketscope 2.0 which consists of price alerts, charts and a wide selection of indicators.

When I placed my own trades, I found that the execution speed was as fast as the broker advertised. And since I count anything under 0.1 seconds as good, this is a big strength of this broker. All in all, I think the asset classes offer broad coverage that most traders will get a lot out of, but worldtradex’s instrument list lacks depth, especially in its range of stocks. On a lighter note, many traders will appreciate the 20+ crypto CFDs, traded in USD, EUR, GBP and AUD pairs.

But, as I delved deeper into trading, I discovered that there’s more to it than meets the eye. FOREX.com is authorised and regulated by the Monetary Authority of Singapore (MAS), ensuring compliance with Singapore’s financial standards. worldtradex has a knowledge section that consists of research or market analysis tools and education. All CFD option is commission-free, which means costs are included in the spread.

• With headquarters in New York, worldtradex operates globally, serving traders from various countries.
• To prevent this from happening, you either have to place a new trade, maintain an existing trade or close your account.
• Currency conversion fees are a separate category, as they belong to trading and non-trading fees and are the least visible.
• It’s easy to use, and traders appreciate its fast execution times and smooth interface.

The broker charges no deposit fees, but withdrawal fees may apply depending on the method used. We found worldtradex’s fee structure to be very competitive, especially with an average EUR/USD spread of 0.74, which is below the industry standard of 1.08. Combined with VIP discounts for active traders, worldtradex proves to be a cost-effective option. If you are unable to effectively take advantage of these active trader discounts, however, you’ll find pricing to be overall higher than average.

The next step is to verify your account by providing documents that verify your identity. You can upload a scanned copy of your government-issued passport, ID, or driving license. Or you can use your phone to take a digital picture of the documents.