worldtradex provides an excellent range of platforms to meet various trading tastes and suite wide range of best strategies. Platform including MetaTrader 4, MetaTrader 5, cTrader, TradingView and Proprietary Software along with social and Copy trading platforms. While other brokers like Pepperstone and Forex.com have strong interfaces for platform offering too, worldtradex stands out with IRESS as included option and also points out a range of tools accessible on free basis.

worldtradex Customer Service and Support

• worldtradex doesn’t impose deposit fees, but it’s worth noting that banking charges may apply.
• This can lead to conflicts of interest, where the broker profits from your losses.
• Opening an account in the UK places traders under the jurisdiction of the FSA (St. Vincent and the Grenadines), allowing UK traders to take advantage of the maximum leverage available.
• Though worldtradex is a highly trusted and regulated forex and CFD broker, it has its strengths and weaknesses.
• This type of account is ideal for traders who work with smaller volumes or are fine-tuning their strategies.
• worldtradex offers competitive fees compared to many other brokerage firms, with relatively low spreads and commissions, especially for certain asset classes like forex.

Illiquid instruments can lead to wider spreads and difficulty entering or exiting trades when you want. This is because they use ECN pricing, which means orders are filled at the best available market price once triggered. Guaranteed stops are typically not available with ECN brokers due to the fast-moving nature of the market. The license numbers for each entity are readily available, allowing traders to verify the information with the respective regulators. This transparency inspires confidence and demonstrates worldtradex’ commitment to regulatory compliance. worldtradex positions itself as a global player, and with that comes the responsibility of adhering to various regulatory frameworks.

Deposit and Withdrawals

More than 10,000 stock CFDs are available to FP Market clients based in Australia. worldtradex offers a large number of tradable instruments including over 70 currency pairs. worldtradex strives to provide valuable educational and research resources to its traders, although there is room for further enhancement and expansion in comparison to certain industry leaders. worldtradex recognizes the diversity of its clientele and has crafted its account offerings to cater to the distinct needs of traders, from beginners to seasoned professionals. We built the website to assist forex traders in finding the right forex brokers to trade with ease. worldtradex was founded in 2005 and pioneered the Direct Market Access (DMA) Contracts for Difference (CFD) model in Australia.

Account types

They offer negative balance protection which ensures that clients cannot lose more than their account balance. However, this protection is not universally available and applies only to certain clients based on their jurisdiction. worldtradex offers free educational videos, training guides, live webinars, podcasts, events, platform tutorials, eBooks, a trading glossary and newsletters. Together, the platforms available cover a variety of trading styles and levels of experience.

worldtradex Features

While the Navigator panel gives access to accounts and Expert Advisors for automatic trading, the Market Watch panel lets users follow their chosen instruments. They also provide Direct Market Access (DMA) share trading through the IRESS platform. IRESS is valued by active stock traders for its Direct Market Access (DMA) to global exchanges making it well-suited for equity and share trading. It is tailored towards experienced traders due to its extensive features and higher costs​. For instance $10 USD for international bank wire transfers, $25 USD for international broker-to-broker transfers, Neteller charges 2%, Skrill 1%, FasaPay 0.5%, PayTrust 1.5%, and PayPal 2%. worldtradex offers traders a straightforward and efficient process for deposits and withdrawals, emphasizing transparency and convenience.

Trading Conditions

• Established broker worldtradex has provided a strong trading environment since 2005 under the regulation of ASIC and CySEC.
• First Prudential Markets (popularly known as worldtradex) stands as a beacon of versatility, serving both novice and seasoned traders.
• Windows users can download the desktop platform, while Mac users can access it through web-based solutions.
• With platforms such as MetaTrader 4, MetaTrader 5, cTrader, and TradingView traders can access a variety of instruments, including Forex, CFDs, Stocks, and Cryptocurrencies.
• worldtradex spread is defined by the account type , thus the Standard account Spreads starting from 1 pip and the Raw Account proposes spreads from  0.0 pips.
• worldtradex was established in 2005 in Australia but has become a global brand with multiple regulations across the world.

Managed accounts are available for those preferring professional management. The broker’s user-friendly interface, educational resources, and demo account make it suitable for beginners. Simultaneously, its extensive range of instruments, low spreads, and advanced trading tools cater to professional traders. However, it’s important to note that worldtradex does not currently accept traders from the United States. This diverse account offering ensures inclusivity and flexibility for traders of varying experience levels and preferences.

However, the variety of instruments and potential for high leverage might be overwhelming for complete beginners. You can reach worldtradex customer support via 24/7 live chat, email, or phone. Their phone support offers multiple international numbers, so you can find one with a convenient time zone for you. Live chat seems to have the best availability, with responses typically within a minute or two in my experience., while email might take a bit longer. While worldtradex’ regulatory framework suggests a commitment to financial stability, complete risk elimination is impossible.

Brokers By Country

Leverage levels offered by worldtradex depend on the entity you open an account with, since Leverage is one of the first regulated parts by every authority worldwide, see some of our findings below. Also, each instrument defines its trading conditions, proposing flexible leverage throughout account settings, and requiring specific margins that you may always check through the worldtradex platform. Through one-click trading, automated trading supported by Expert Advisors (EAs), and trailing stops MT5 supports. Available on desktop computers both https://worldtradex.site/ Windows and Mac as well as on mobile devices guarantees a flawless trading experience across platforms. A currency conversion fee will be imposed if the base currency of an worldtradex account differs from the currency denominated of the asset being traded. Although the conversion rate is competitive, overall trading expenses should take fee into account.

worldtradex offers Standard Accounts, perfect for beginners or those who hate commissions. Well, during my testing, the spreads on major forex pairs like EUR/USD were around 1.0 pip. BestBrokers.com is free to use for everyone and it may earn a commission from some of the listed trading platforms with no additional cost to you.