Therefore, professional traders usually avoid trading with any dealing desk brokers and prefer to trade with ECN/STP brokers that offer Direct Market Access (DMA) conditions for the best trading environment. Worldtradex is primarily a European Forex broker that launched its FX and CFD products in 2010. The broker has its main base of operations in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC).
Why Settle for Standard when you can experience the difference?
The broker’s commitment to technological excellence, diverse account options, and client-focused services make it a compelling choice for traders seeking precision in their forex endeavors. Whether you’re a beginner exploring the markets or an experienced trader looking for advanced features, Worldtradex’s offerings cater to a wide range of trading needs, making it a broker worth considering in your forex journey. CySEC works under an extensive set of regulatory guidelines proposed by the ECB and the MiFID, as per the input and supervision of individual regulatory agencies across Europe. Leading regulatory organizations in the EU such as the FCA, the BaFin, and the CySEC are known to create new policies and guidelines for protecting investors and for safeguarding the integrity of the European financial markets. All Forex trading companies domiciled in the EU are subject to the regulatory supervision and scrutiny from all allied regulatory organizations, which ensures a uniform code of conduct across the EU. Worldtradex is also expected to have an effective insolvency procedure in place to ensure that all customers will be fairly compensated in the event of bankruptcy or liquidation.
Live Account with Worldtradex
These mobile applications allow traders to connect to their Worldtradex’s trading accounts, analyze charts, manage trades, and apply technical indicators — all from smartphones or tablets. The apps are intuitive, fast, and offer full trading capability on the go. Whatever your level of trading experience or demands, we believe we https://worldtradex.live/ have the right account for you. Worldtradex’s ‘No Dealing Desk’ execution model comes with no dealer intervention and no re-quotes.
- Trading forex offers up unlimited opportunities to access and trade the financial markets.
- Launched in 2006, the MetaTrader 4 MultiTerminal is a now a respected and revered component of the MetaTrader 4 Online Trading Platform.
- These four critical factors ensure that Worldtradex clients are enjoying the most transparent access to the FX markets.
- Worldtradex’s ‘No Dealing Desk’ execution model comes with no dealer intervention and no re-quotes.
- The apps are intuitive, fast, and offer full trading capability on the go.
- Clients can open a ECN XL account with only $100 and enjoy the same level of dedicated full support and service as if they are a VIP client.
Regulated, Transparent and Fair Trading
Worldtradex clients can trade forex instantly, taking advantage of live streaming, best executable prices in the marketplace, with immediate confirmations. The ECN/STP model gives Worldtradex clients the freedom to trade on a more level playing field. Worldtradex has worked hard in making the world of Forex more transparent with a greater degree of control for traders. Minimum deposits vary depending on account type at the Worldtradex forex broker. Our Worldtradex review discovered that ECN Standard accounts’ minimum deposit was $100, which ECN XL and ECN Advanced were $10,000 and $100,000 respectively.
Worldtradex caters to a diverse range of traders by offering various account types, including Standard, XL ECN, and Advanced ECN accounts. Each account type comes with its unique features, allowing traders to choose the one that aligns with their trading preferences and strategies. The ECN accounts, in particular, provide direct access to liquidity providers, ensuring competitive spreads and minimal slippage.
The MultiTerminal is intended for simultaneous management of multiple accounts. This is an extremely valuable facility and platform for those who manage funds, or those who manage investors’ accounts and for traders working with many accounts simultaneously. Worldtradex has realized its traders’ requirements by providing one of the largest varieties of payment options that include Skrill, Neteller, Visa, Mastercard, Bank Wire, PaySafeCard, SOFORT, RAPID Transfer, CashU, Neosurf, NetBanx, and UnionPay. Worldtradex is registered in Vanuatu with registration number and regulated by the VFSC and CySEC. Worldtradex is also registered in 26 European Union countries under the Markets in Financial Instruments Directive (MiFID).
- The Price Aggregator automatically scans these so traders are assured of only ever getting the best available Bid/Ask price combinations.
- However, trading with an ECN XL Account comes with no swap charges, making fee calculation easier and offering a great benefit.
- Whether you’re a beginner or an experienced trader, we strive to be your trusted source for unbiased and objective information, helping you make well-informed decisions when selecting the right broker for your trading needs.
- All the services on the TopForx.com website are free for you to use.
- The company is known for focusing on its customers by offering competitive prices and favorable trading conditions.
These four critical factors ensure that Worldtradex clients are enjoying the most transparent access to the FX markets. Our ECN XL account has all the features and benefits you would expect and demand from an ECN/STP broker who has always been right at the cutting edge of industry development. It is one of the most advanced trading accounts, packed full of features and benefits, currently available in the forex industry. Having high levels of experience and knowledge, we are ideally placed to understand our clients needs and to support traders in achieving their ambitions and investment goals.
Range of Tradable Instruments
They are licensed by many respected regulatory bodies, employ ample data transfer and security measures, and possess a transparent track record of their financial transactions. Our experts however cannot recommend this broker over others from our trusted list. Please note that the information on our website is for informational purposes only. Review of their terms and conditions, however, shows that there are regional and other eligibility restrictions.
However, for better transparency, we recommend signing up with a European entity. The platform works on all operating systems and supports EAs, hedging, and advanced technical indicators, analytical tools, and charting features. Worldtradex offers software that can be downloaded for PC, used as a mobile app for trading on the go, and includes a Multi-Terminal for managing multiple accounts at once. All Worldtradex clients can access free trading tools through the Traders Hub, which provides various helpful features. These tools include VPS, SMS notifications, EAs, technical analysis, and trading tools.
Additionally, Worldtradex provides educational resources, including webinars and tutorials, to support traders at all levels in enhancing their trading skills. Dealing desk and market making brokers often provide fixed spreads, an indication that the spreads quoted are not from a true, efficient and organic marketplace. For example, the spreads quoted could Worldtradex forex brokers reviews be adjusted to match the broker’s own exposure to markets, determined by the volume of trade the broker is experiencing at any given time. Execute trades, perform technical analysis, monitor your account activity, and access live market data all in real time and from the convenience of your web browser.
Worldtradex’s ECN forex model provides professionals and active traders, hedge fund managers, corporate clients and banks with access to real time streaming and competitive prices directly from leading multibank liquidity providers. Client trades are made on prices provided to Worldtradex by the pool of liquidity providers. The Price Aggregator automatically scans these so traders are assured of only ever getting the best available Bid/Ask price combinations. Worldtradex has come far and still have a way to go with the goal already in sight. Worldtradex offers a No-Dealing Desk (NDD) Forex brokerage service through genuine ECN/STP conditions, which are devoid of any conflicts of interest between Worldtradex and its clients. Forex trading is a high-risk financial product that has a large number of risks in the market due to the significant amount of volatility, high leverage, and a trader’s emotional factors.
Whether you’re a beginner or an experienced trader, we strive to be your trusted source for unbiased and objective information, helping you make well-informed decisions when selecting the right broker for your trading needs. Count on Forex Broker Guru to bring clarity to the world of forex brokers and elevate your trading experience. In the vast landscape of forex brokers, Worldtradex has established itself as a prominent player, known for its commitment to transparency, advanced technology, and a client-centric approach. In this comprehensive review, we’ll delve into the key features, trading conditions, and overall user experience that define Worldtradex as a brokerage choice for traders seeking precision in the forex markets.
The CySEC has further reinforced investor safety through the Investor Compensation Fund that provides a guarantee of up to €20,000 if a broker winds up its business without warning. Worldtradex is registered as a Cypriot Investment Firm (CIF) under the brand name, Forex Central Clearing Ltd., which holds at least €1 million in tangible assets. Worldtradex also ensures the most secure trading environment through state-of-the-art encryption technologies for processing payments, as well as for connecting traders to the best liquidity providers in the market.
By providing a unique suite of resources, a VIP level of services, combined with world-class support 24/5, our low cost trading environment provides the ideal base to succeed. Worldtradex’s ECN/STP model provides professionals, active traders, hedge fund managers and corporate clients with access to real time streaming and competitive prices directly from leading multibank liquidity providers. Worldtradex offers various account types for both experienced and new traders.
With MetaTrader 4 and MetaTrader 5, traders gain access to two of the most popular and powerful forex trading platforms in the world. Forex Broker Guru is a dedicated website that offers in-depth and detailed reviews of various brokers in the forex market. Our platform provides comprehensive insights into the performance, features, and reliability of different forex brokers.