Overall, I think it is fair to say that the costs are quite low, although you can get $4 per round trip and 0.0 pip spreads from FXTRADING.com. The content on this site encompasses general news, our analyses, opinions, and material from third-party sources, all designed for educational and research aims. It is not meant as direct advice or a prompt to undertake any specific action, including investments or purchases. Before making financial decisions, we urge you to conduct thorough research, exercise personal judgment, and consult with professionals.
- Funny enough, this client does not do the same for withdrawals.
- Depending on your region, you may be able to find more details, and each entity might offer varying account types depending.
- This is available to all clients who choose to trade on the MT4 platform.
- Once I understood why it was taking time, then I was happy to wait.
- However, you can get spreads from just 0.0 pips on the raw spread account but that does incur a very competitive $5 round trip commission fee on top.
Forex Risk Disclaimer
Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. Client funds with WorldTradex LTD are segregated according to FCA client money rules. This means that in the unlikely event of default, client funds held in segregated accounts are protected and cannot be used to benefit other creditors. Additionally, the FCA maintains records of all formal proceedings against regulated entities, offering transparency and increased investor protection.
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It is great that WorldTradex does not charge deposit fees but be aware that your payment provide might. In compliance with the Anti https://worldtradex.world/ Money Laundering (AML) procedures, WorldTradex does not accept cash deposits. The broker also rejects cheques and funds transferred from exchange houses. This is pretty standard when dealing with a regulated broker. Accounts can be opened in a good selection of currencies including USD, GBP, EUR, CHF, JPY, NZD, CAD, AUD.
I found this tool to be a really way to find trade ideas which can be helpful if you need some inspiration. It gives the latest news and happenings in the economic activities of different nations. This can be a great way to get inspired about possible trade opportunities and to assist with making informed decisions. The ForexConnect API offers the same functionality that is available on the powerful WorldTradex Trading Station. This includes all of the available order types, streaming live prices, managing your positions, downloading historical instrument rates, getting account reports, and more. ForexConnect supports C++, C#, Java, VB, VBA, compatible with .Net, Linux, iOS and Android, and it is free which is great.
Advantages of ZuluTrade
Thus, it would be impossible for us to navigate and search through all the entities and the account types they offer (if there are any). Thus you should visit the global brand website and redirect to the WorldTradex site for your region for more details. Moreover, unlike other top-tier brokers (and top-tier brokers that allow copy trading), WorldTradex does not have a dedicated page for the account you will open. As such, we can’t give you details on the account, such as base currency, leverage, and other conditions.
Overall, because of its strong international regulation and history of responsible behaviour, we consider WorldTradex a safe broker to trade with. In the unlikely event of WorldTradex insolvency, segregated client funds cannot be used for reimbursement to WorldTradex’s creditors. If WorldTradex cannot satisfy repayment claims, eligible claimants have the right to compensation by the Financial Services Compensation Scheme, up to £85,000. Use our country selector tool to view available brokers in your country. I do note, however, that I had to enable hedging before I could make use of this strategy, though I did this easily by accessing my account settings. Note that the regulated branches will not offer promotional schemes due to regulatory restrictions.
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- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- Only the St. Vincent and Grenadines subsidiary offers bonuses.
- Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms.
- WorldTradex offers forex signals applicable to 40 individual currency pairs.
- The suite of advanced platforms and code-free automated trading tools is particularly strong.
Processing Times
ForexBrokersOnline.com is committed to helping traders find the right forex broker for their specific requirements. The market summaries provide concise overviews of recent market movements, key price levels, and notable news that may impact the markets. When testing the in-house platform, I was struck by its ease of use and intuitive design.
Is WorldTradex good for beginners?
This physical presence shows how the company has now grown into a worldwide broker and one of the foremost in the industry around the world. To withdraw money from your WorldTradex account, log in to your account, navigate to the withdrawal section, select your preferred method, and follow the instructions. The company representatives are available 24 hours a day, 5 days a week. International phone numbers deserve special mention, although call charges may apply. Overall, clients have the option to choose a convenient method of communication for themselves.
There are 5 rebates, starting at $5 per million for a turnover of 10 to 25 million dollars and going up to $25 per million for over 400 million. We do not provide investment advice or solicitation of any kind to buy or sell any investment products. Trading carries a high level of risk and may not be suitable for all investors. You should consider whether you understand the risks involved. But there is a hefty $40 withdrawal fee for withdrawing via wire transfers. The bonus is based on the cumulative funded amount during the calendar week of your initial deposit in that week.
FIX API is FIX Protocol standard designed for real-time, custom institutional interface which push up to 250 price update per second (not available on other APIs). You will get full range of trading order types available at WorldTradex. An WorldTradex Trading Station account with a $5,000 minimum balance is required. WorldTradex has implemented a Secured Socket Layer (SSL) on all its websites and platforms. The SSL encryption protects data transmission between the clients’ workstations and WorldTradex’s servers so that hackers are kept out of the loop.