Regulatory Authorities include The Cyprus Securities and Exchange Commission (CySEC) and The Vanuatu Financial Services Commission (VFSC). Furthermore, the broker offers its clients Negative Balance Protection and all client funds are held in segregated funds. A state-of-the-art Secure Sockets Layer (SSL) network security protocol is also made available in order to keep clients’ private information safe. Alongside a generous welcome bonus, the brokerage offers great perks for high-volume forex traders. This includes a fiver-tier loyalty scheme where commissions can fall to $1.50 per side. We also don’t recommend the broker for traders in countries where Vantage does not generally offer bonuses, including Australia, Turkey and Thailand.
The World Best Trading Account
- It means that whatever you have to pay them is mentioned whether it is some fee or commission.
- Customer service operates 24 hours a day, Monday through Friday, allowing traders to access assistance during market hours.
- While there are a lot of trading platforms that provide trading opportunities, there are not a lot of options available with learning options.
- The applicant can complete the form and set a unique password or select to open an account via their Google or Facebook accounts.
- The choice of payment methods depends on the company that you open an account with, and your country of residence.
worldtradex provides traders with access to a variety of research and educational tools designed to enhance trading knowledge and skills. These resources cater to both beginner and experienced traders, offering valuable insights into market trends and strategies. While the broker does not boast an extensive educational library, it offers enough material to assist traders in improving their technical and fundamental analysis skills. Whether you are a beginner looking for a low-cost entry into the forex market or a professional trader seeking competitive conditions, worldtradex’s ECN XL account provides a solid, flexible option. I rank trading costs among the most defining aspects when evaluating an exchange, as they directly impact profitability.
Moreover, it accepts clients from a lot of parts of the world making it the right choice for most clients. To ensure the best trading experience of using worldtradex, it provides its users the opportunity to use MT4 or MetaTrader 4. MT4 is an electronic trading platform that can help you to trade in different markets. On top of all the trading options that it brings, the user experience here is amazing because of the graphical view as well as the reliability. worldtradex provides access to the widely popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for its reliability and advanced trading features. The platform supports seamless trading across multiple asset classes, including CFDs, forex, and cryptocurrencies, ensuring flexibility for various types of traders.
In terms of users, worldtradex has more than 5000 registered clients in South Africa. Beginners can practice and learn Forex platform trading with the aid of tools, educational materials, and demo accounts. Security is a paramount concern for traders, and worldtradex addresses this with a commitment to maintaining a secure trading environment.
Bonuses and Promotions
Whilst it has an ongoing sign-up bonus, traders will find little in terms of loyalty schemes and trading competitions. worldtradex will pay out bonus funds within 24 hours of receiving a qualifying deposit, which can be made via multiple zero-free payment methods. The broker’s bonus credit can also be used to speculate on a full suite of popular asset classes, including forex, indices, commodities and crypto. Beginners looking to boost their starting capital with a welcome deposit bonus from a reputable broker should consider Vantage. This is one of the largest cumulative bonuses offered by any of the dozens of brokers we tested.
Featured Brokers
- FXChoice does not boast the strong regulatory credentials enjoyed by some other forex brokers.
- worldtradex offers various account types for both experienced and new traders.
- You could also receive a 100% bonus on your first deposit, up to US$2,000.
- According to the statistics, 75-89% of customers lose the funds invested, and only 11-25% of traders earn a profit.
You can accumulate several bonus rewards by making multiple deposits in a period. This is because the forex broker may offer an initial joining bonus, plus extra funds for depositing with certain payment methods, such as crypto. worldtradex offers a larger welcome bonus than most of the forex brokers we reviewed. Compared to other brokers with bonuses that we reviewed, worldtradex offers a limited selection of trading promotions.
Traders #1 ChoiceECN XL Account
If you want to trade Forex but don’t know where to start, you can easily choose from the Forex brokers list that we provided above. These brokers offer software tools that connect traders to the foreign exchange market and enable seamless currency pair transactions. While we often see such stipulations attached to bonuses at forex brokers, it will still prove challenging for some newer traders to meet. Vantage offers one of the best tier-based reward schemes of any forex broker.
One excellent addition would be copy trading, allowing rookie traders to mirror and learn from more experienced peers, who can earn commissions from copiers. The account stands out as a competitive option for traders of all experience levels. Beginners will appreciate the straightforward pricing model with zero-commission trading, while experienced traders will rate the tight spreads with no restrictions on trading strategies.
Open a FREE Account Today! Register to Gain Full Access
Please visit the company’s website for a list of all payment methods. worldtradex deposits are free, easy, and instant (if you pay by card or crypto). You could also receive a 100% bonus on your first deposit, up to US$2,000. No, worldtradex is a legit broker with regulatory oversight from the VFSC and the CySEC. Traders have access to numerous deposit and withdrawal options at worldtradex. The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed.
So, here are some of the benefits that you can enjoy while using worldtradex. An inactivity fee of $5 per month is applied after three months of no trading activity. Our License Checker verifies the validity of EU, UK and UAE broker licenses in near real-time. However, no investor compensation fund available in the Comoros should worldtradex, or one of its counterparties, become insolvent. If this is important to you, we suggest opening an account with an alternative broker, such as FxPro or AvaTrade.
Best Forex Brokers With Bonuses & Trading Promotions
It is equipped with useful tools such as advanced charting, and trading strategies, and a nice user-friendly interface. This step is counted as one of the very important factors for traders and thus their ratings go higher. Worldtradex The company has a license from at least one reputable regulatory body, such as the CySEC, and ensures compliance with industry standards and safeguarding client funds.
In this way, any trader can invest in other trades to lower their risk of losing a specific trade. It ensures that all of the users experience no intervention at all as well as a competitive execution with amazing rates. Amazingly enough, you can use this platform to trade even out of the trading hours because there will be nothing in between.
Above all, pick a trustworthy broker that offers the account conditions and trading tools you need to execute your forex strategy. worldtradex supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill. Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option. worldtradex transparently provides all necessary information on its website. There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply. The deposit is low, the MetaTrader 4 platform is one of the best for forex trading, and the tight spreads through the ECN model are competitive.
However, bank cards and wire transfers take up to five working days. worldtradex does not have a dedicated mobile app, but clients can trade using MT4’s app, which is available from the Apple App Store and Google Play. I find worldtradex’s in-house forex market hours tool a handy way to check holidays and other events that could impact trading hours. worldtradex uses a no-dealing desk model and does not act as a market maker, reducing the risk of price slippage or a conflict of interest by the broker. To avoid these charges, I recommend using Visa or Mastercard bank cards, as I found these do not incur a fee. The applicant can complete the form and set a unique password or select to open an account via their Google or Facebook accounts.