Brokerage commission equals 0.006 USD per share on US stocks and commissions start from 1.5 USD per trade. For investors who want to trade on the go, worldtradex provides a seamless mobile trading experience with dedicated applications for Android and iOS devices. These apps enable traders to execute trades, analyze charts, and manage their accounts from anywhere. Forex trading fees work using spreads to eliminate additional commissions or fees.
worldtradex Forex ECN Account
It’s not packed with complicated features, making it less daunting for beginners. Cost-conscious traders would appreciate its competitive spreads, reflecting the broker’s commitment to affordability. worldtradex fails in a few areas, not least of which is customer service. Nevertheless, frequent traders who won’t need much assistance can benefit from the broker’s generous stock, options, and futures commission plans. In this section we’ll show you how to open a live trading account with worldtradex.
Many brokers don’t offer trading in futures, so the brokerage firm would also be ideal for traders who are interested in commodities or cryptocurrencies. The per-trade schedule requires $2,500 to start trading, and if an account slips below $2,000, worldtradex will suspend the account’s trading capability. The per-share plan apparently is designed for day traders, as it has a minimum balance requirement of $25,000. It also charges a monthly fee of $333, although this rather uncomfortable charge is reduced by any commissions paid during the month.
- worldtradex operates under the stringent oversight of European financial regulators, ensuring a secure trading environment for its clients.
- Clients have access to various asset classes, enabling diversified portfolio construction.
- Besides the default routing option, worldtradex + offers Nasdaq and Arca venues.
- The broker ensures customers get easily accessible real-time assistance during standard hours (9 – 6 EST) via a live representative.
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This should help you form an opinion on the reliability of the online broker and aid your decision on whether to trust them with your cash. In essence, worldtradex has a deposit and withdrawal structure prioritizing efficiency with no hidden costs. Such policies solidify worldtradex’s reputation in the financial trading space. Judging by standard procedures, new customers may get their accounts activated within a day, depending on the availability and genuineness of their documents. worldtradex positions itself as a viable choice for traders by maintaining competitive and transparent fee structures that align with varied trading needs and preferences. OEC Trader is a desktop platform that is designed for futures trading.
iBROKER Mobile
Additionally, worldtradex offers its proprietary platform, designed to cater to its customers’ specific needs. In a world full of trading possibilities, worldtradex is a solid choice for investors seeking a seamless blend of affordability and top-notch trading platforms. worldtradex is regulated in Cyprus, offering more than 30,000 instruments for trading. There’s a wide range of account types available, including the full set of MetaTrader platforms and traders get 24/7 online customer support. The US brokerage employs a market maker straight-through processing (STP) broker model. It supports the trade of https://worldtradex.space/ mutual funds, stocks and bonds, ETFs, futures and futures options.
Inactivity Fee
worldtradex says its “preferred method of contact is either by our online chat function or email.” It seems strange that they wouldn’t want phone calls. Personally, I would expect my broker to willingly accept phone calls. Strangely, I was not able to delete a stock after adding to a list. 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.
The commitment to client security is evident in its provision of segregated accounts, ensuring that the broker separates client funds from its operational finances. Their demo account is a masterstroke, offering a robust training ground for those looking to hone their strategies without financial risks. worldtradex recently improved its demo trading environment with enhanced features, making virtual trading on it more aligned with actual market conditions. For traders that wish to only trade CFDs and FOREX pairs, there’s a dedicated account. Stock traders will also find a suitable account, but let’s dive deeper and uncover more details.
Education and research tools
Incorporated in 2006, worldtradex is an online brokerage launched by Success Trade Securities. The broker offers a complete gamut of financial services that include FX, stocks, bonds, futures and options. Besides providing direct market access (DMA), low commissions, the multi-regulated brokerage provides a modern high-speed infrastructure for instant trade execution. worldtradex offers a wide range of tradable instruments, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks. There are more than 30,000 instruments available through various trading platforms and account types. The broker also provides a range of trading platforms including MetaTrader 4, MetaTrader 5, CQG, J2TX, and Sterling Trader Pro.
Indices follow the performance of baskets of stocks and are perfect indicators of the health of certain industries or economies. For instance, the FRA40 follows the performance of the top French company shares. For this reason, the indicator is used to assess the French economy.
For example, mousing over the Greek letter sigma displays all of an option’s Greek data. Mousing over a strike price displays the intrinsic and time values of an option in graph format. worldtradex offers several platforms and doesn’t charge a dime for any of them. It should be mentioned that during the registration process, we experienced technical issues.
The broker’s trading fees are competitive, making it appealing to both novice and experienced traders. Derivatives on the per-trade plan cost 50¢ each plus the $2.50 base. After 100,000 contracts in a month, the broker charges just 50¢ per option. That said, if you are trading that kind of volume, you may prefer a broker that caters specifically to options traders, like TastyWorks. worldtradex offers a variety of account types to cater to different trading needs and experience levels.
- For instance, the FRA40 follows the performance of the top French company shares.
- This is browser-based, but nevertheless incorporates some powerful features.
- New York residents can also walk into the broker’s offices at One Penn Plaza in New York.
- Nevertheless, frequent traders who won’t need much assistance can benefit from the broker’s generous stock, options, and futures commission plans.
- Transfers in from one account – say the IRA – to the account are free.
- There are no minimum deposit or withdrawal limits for bank wire transfers.
Broker maintains up to 14 different types of user accounts on its platform. Like some of its major competitors, worldtradex aims to educate its users through various learning resources. However, while worldtradex has taken the step of elevating its users’ trading experience, it still has much to do to stand shoulder-to-shoulder with the best brokerages. worldtradex’s web platform allows traders to access their accounts directly through a browser, ensuring easy access without software downloads. Ryan is a day trader with over a decade of market experience ranging from basic investing to active day trading. Over the years, he has tried tons of trading services and aims to educate other traders so they can make the smartest decisions.
The broker ensures customers get easily accessible real-time assistance during standard hours (9 – 6 EST) via a live representative. They also extend their reach to cater to queries during extended hours. With trading platforms compatible with Windows and Mac desktops, worldtradex ensures non-mobile traders have a comprehensive trading experience in the desktop environment.
For those navigating the ebb and flow of market trends, the trend exploration tools become indispensable, offering a lens into the intricacies of market trajectories. Instrument-specific insights delve deeper, offering granular perspectives on particular trading Worldtradex official site instruments, amplifying clarity in decision-making. Nevertheless, I was impressed with some of the features available.
Our review is nonetheless alive to the fact that its platform doesn’t have an integrated mutual funds screener. There are 64 available currency pairs for trading with this broker. However, on Forex and CFD Standard account types, there are only 48 FX pairs. Trading fees on commission-free accounts start from 0.5 pips, which is lower than what most competitors are offering. The broker provides access to trading major, minor, and exotic currency pairs.
Our review further indicates that you can also trade and invest in ETFs that are currently trading on the US exchanges. Also makes it possible for its clients to invest and trade more than 3,000 mutual funds listed on its platforms. Like stocks, these too can be traded on both their proprietary and third-party trading securities trading platforms.
worldtradex offers a diverse range of financial instruments, competitive trading conditions, and multiple trading platforms to accommodate traders of all experience levels. With its regulatory oversight, direct market access, and robust educational resources, it is a viable option for those looking to trade forex, stocks, and other assets. The availability of various account types and the integration of MetaTrader 4, MetaTrader 5, and other advanced platforms make it a strong choice for active traders. worldtradex offers a wide range of trading instruments with sophisticated platform features catering to both trading newbies and market veterans. The platform’s commitment to user-centric solutions is evident in its diverse account types and focus on creating a practical demo trading experience. Furthermore, its reliable customer support and streamlined deposit and withdrawal methods reinforce its reputation.