This is among very strong offering in industry, yet similar to brokers like eToro and Forex.com, which likewise support a broad spectrum of assets but might not exactly match worldtradex in terms of absolute volume. Trading with worldtradex you may access a very wide range of instruments and trade 10,000+ products ranging from Forex, Indices, Commodities, Metals, Bitcoin, Equity CFDs. worldtradex offers quite competitive spreads, enables access to more than 70+ forex pairs, and provides other assets as we will see below in our worldtradex review. Sophisticated charting tools, several order types, and customized watchlists are notable features on worldtradex Web Platform.
For certain CFDs and Equities, they offer Direct Market Access (DMA), allowing real-time access to live market prices straight from exchanges. Withdrawals are processed immediately, but the time it takes for funds to reach the trader’s account depends on the bank or payment provider. Processing is typically completed within one business day, but the actual transfer times vary by method. E-wallets are usually the fastest, while bank transfers may take one to five business days, and credit/debit card withdrawals typically require two to five business days.
Islamic Accounts
Click Open Live on the website, fill in personal details, choose platform and base currency, upload ID and proof-of-address, then fund the account once KYC is approved. Minimum deposit is low (100 AUD), there is multi-language education, 24/7 chat support and a commission-free Standard account with fixed costs inside the spread. The RAW account connects to a pool of top-tier liquidity providers; orders are filled via ECN with typical spreads from 0.0 pip. For those who prefer an audio format, the worldtradex Podcast is available on Spotify and Google Podcasts, where company analysts discuss macro topics, currency correlations, and trading psychology.
Raw Account
At this CFD broker, you can access the cryptocurrency market and trade the most popular cryptocurrencies. The crypto broker offers CFDs on major digital assets like Bitcoin, Bitcoin Cash, XRP (Ripple), Bitcoin Cash, Litecoin and Ethereum, tradable against the USD. worldtradex provides exposure to global indices through contracts for difference (CFDs), such as NASDAQ 100, S&P 500, DOW 30, FTSE 100, DAX 30, and more. You can also trade index futures CFDs from across the world with margins starting from 1% only. You can access the AUS200 cash index, where each point of price fluctuation represents AU$1. A $6 commission per standard lot is quite fair since many other leading brokerages charge higher commissions.
- Our exceptional 24/5 multilingual service has consistently resulted in the highest levels of client satisfaction for five consecutive years.
- This regulation framework provides traders with a level of security and transparency, although specific restrictions may apply depending on the trader’s location.
- However, worldtradex lacks passive income options like interest on idle balances, which some competitors offer.
- The software also displays the Depth of Market, a feature that is otherwise unavailable in its precursor.
- Leverage levels vary depending on the asset class and regulatory requirements governing each jurisdiction.
- worldtradex provides exposure to global indices through contracts for difference (CFDs), such as NASDAQ 100, S&P 500, DOW 30, FTSE 100, DAX 30, and more.
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For example, for a non-leveraged CFD share you will be paying a 0.8% commission and 0.11% for the purchase of a new share. It was only launched at the start of 2017 and it is a direct replacement for their previous software that was known as Iresstrader. This new platform runs on HTML 5 technology, which makes it a lot more responsive to trades. There are many great tools and indicators for the trading experience and it is highly customizable.
Spreads and Swaps
In the dynamic realm of Forex trading, MetaTrader 4 (MT4) emerges as the quintessential trading platform, heralded by traders globally. It embodies a fusion of unparalleled capabilities, intuitive interfaces, and technological prowess, designed to cater to traders with varying levels of expertise. Live chat, phone, and email support is provided 24/7 customer service from worldtradex. Although their help is usually receptive and informative enough, brokers like Pepperstone have been praised for their quality of customer service alike. 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.
- The combination of a robust trading infrastructure and comprehensive educational resources creates an enhanced trading experience that accommodates traders at various skill levels.
- The Standard account is designed for beginners and intermediate traders, offering commission-free trading with competitive spreads from 1.0 pip for Forex and Metals.
- worldtradex offers over 10,000 Australian and international stock CFDs, alongside CFDs on indices from 4 continents.
Standard Forex Accounts
For its MT4 or MT5 accounts, worldtradex does not impose a monthly or annual account fee. The Iress platform charges a $55 monthly fee; this is removed should the account Worldtradex show at least $200 in monthly commissions or retain a balance of $50,000. worldtradex provides access to a variety of financial markets and products, allowing traders to diversify their portfolios and access opportunities across different asset classes.
To open a swap-free account, clients must first register for a MetaTrader account and then submit a request to https://worldtradex.online/ the worldtradex support team for account conversion. worldtradex is the leading online brokerage of its kind in Australia and this is reflected in their offering of investments. You can get all types of ASX shares in the form of CFDs and you are able to short as many as 300 different CFDs. Also important is to mention that these swap-free accounts are not charged administration fees but this applies only to the first five nights of trading. The Standard Iress account gives you access to highly competitive DMA commissions and margins. However, the Platinum version comes with lower commissions while the Premier account has no platform fees and brokerage charges whatsoever.
For those who prefer not to install software, worldtradex provides access to WebTrader, a browser-based version of both MT4 and MT5. This platform allows users to trade directly from any modern browser without compromising functionality. WebTrader supports one-click trading, real-time quotes, the Depth of Market view, and a wide selection of technical analysis tools, including indicators and graphical objects. It also features a multilingual interface and offers full compatibility with desktop and mobile browsers, enabling smooth and secure trading from any location.
While worldtradex doesn’t support cTrader’s excellent copy social trading platform – which I find disappointing – it compensates with its own Copy Trading tool available on MT4 and MT5 terminals. This tool simplifies the process of identifying profitable opportunities and exploring new instruments. For cryptocurrency enthusiasts like myself, worldtradex allows engagement with popular digital assets like Bitcoin, Ethereum, Ripple, and more.
worldtradex allows an unlimited number of demo accounts on MT4/MT5, cTrader, TradingView, and Iress. When creating one, you choose the platform, account type (Standard or RAW), and base currency, after which the system instantly credits 100,000 units of that currency. The demo account is not time-limited and does not require verification, allowing you to refine your strategies indefinitely without any risk.
Another benefit of having an Iress account is that it enables you to execute trades over the telephone without incurring additional charges. This would give you a good idea about which of the three is most suitable for you. The software also displays the Depth of Market, a feature that is otherwise unavailable in its precursor. There is also a new and improved multi-threaded strategy tester for the Expert Advisors along with 21 timeframes, 38 indicators, 44 graphical objects and a built-in email system that allows you to attach files. One thing to keep in mind before you incorporate those in your portfolio is the high volatility of the cryptocurrency markets. This increased risk results from the dramatic shifts of cryptos’ prices, which causes massive intraday swings.
