Comprehensive FAQ sections offer self-service problem-solving, and support is available in multiple languages for international traders. Each account type features different commission structures and platform access. When selecting, consider both current trading patterns and your future growth as skills and capital expand. Automated clearing houses deposits are free and so are withdrawals.
- These amounts can take up to 7 business days to reflect in your worldtradex account and can only be withdrawn via ACH 10 days after the date of deposit or 60 days via check or bank transfer.
- The Bullish Bears team focuses on keeping things as simple as possible in our online trading courses and chat rooms.
- Instead, I spent hundreds of dollars a month gobbling the goo of the goo-roos.
- However, if you’re a neophyte (a little green behind the ears), your first consideration may be the kind of support and training you’ll receive.
worldtradex Broker Copy Trading & Investment Options
Our editors independently researched the information in this worldtradex review. Instead, I spent hundreds of dollars a month gobbling the goo of the goo-roos. Add to this paying for expensive software while I was supposed to learn how to succeed as a trader. A margin account requires a minimum balance of $25,000 to qualify for the Per Share Plan. Besides, worldtradex is a member of the Securities Investor Protection Corporation (SIPC) and the Investor Compensation Fund (ICF). So, if the broker fails to settle claims of investors or folds up, they are secured up to $500,000 and €20,000 correspondingly.
worldtradex recently improved its demo trading environment with enhanced features, making virtual trading on it more aligned with actual market conditions. Forex trading is one of its focuses, with a plethora of currency pairs across major, minor, and exotic trading pairs. The extensive forex trading options make worldtradex a perfect broker for an elevated trading experience. For those inclined toward commodities, worldtradex provides a diverse asset range, including agricultural and non-agricultural securities.
Per trade plan:
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. 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. We know that you’ll walk away from a stronger, more confident, and street-wise trader. Our chat rooms will provide you with an opportunity to learn how to trade stocks, options, and futures.
Mastering worldtradex’s trading tools
The verification process typically takes 1-3 business days, depending on the accuracy and completeness of the submitted documents. 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. We are opposed to charging ridiculous amounts to access experience and quality information. worldtradex is a regulated broker in the EU by the (CySEC) Cyprus Securities and Exchange Commission.
Broker Overview
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.
Comparing worldtradex fees with other brokers
We provide our members with courses of all different trading levels and topics. Our content is packed with the essential knowledge that’s needed to help you to become a successful trader. We could charge more, but we have a pay it forward, give back mentality. We want to feel good about what we do, and the results and reviews speak for themselves. We may receive commissions on purchases made from links in this article.
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. worldtradex offers a wide range of instruments for trading, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks. Trading fees are low and there’s a variety of trading platforms to choose from. worldtradex offers a compelling combination of competitive pricing, diverse trading instruments, and reliable execution—core elements for successful trading.
On the other hand, there’s a 2 USD commission per traded lot per side. The available trading platform is MetaTrader 5 with a minimum initial deposit of 100 USD. There are 50 currency pairs available for trading on this account in addition to indices and commodities.
Besides providing direct market access (DMA), low commissions, the multi-regulated brokerage provides a modern high-speed infrastructure for instant trade execution. 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.
- In the United States is licensed and regulated by both the Commodity Futures Trading Commission and National Futures Association(NFA).
- However, a minimum balance of $2,500 is required to begin trading.
- Supplement this by extensively using their demo account before risking real capital.
worldtradex’s platform includes tools to maintain trading discipline. Implement position sizing of 1-2% per trade to prevent significant capital impact from individual losses. Always use stop-loss orders to define exit points before entering trades, removing emotional decision-making during volatility.
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.
The broker excels in providing competitive pricing, diverse platform options, and solid security measures that satisfy regulatory requirements. The crypto trading fee structure features a flat 0.35% transaction fee, which many reviewers note is higher than specialized crypto exchanges. Users particularly appreciate Worldtradex official site the ability to purchase crypto with credit/debit cards or bank transfers, though a 3% fee applies for bank wire transfers. worldtradex’s web platform allows traders to access their accounts directly through a browser, ensuring easy access without software downloads.