WorldTradex, founded in 2010 and based in Limassol in Cyprus, is a regulated currency broker offering a wide range of technologies and transaction services. Their ECN / STP business model allows customers to benefit from transparent prices in real time. WorldTradex offers many different account types, including ECN Standard, ECN XL, and ECN Advanced. Our WorldTradex review experts found that the ECN Standard account had the easiest entry point with an initial deposit of $100.
WorldTradex Review 2025
I think it is great how the broker supports Muslim traders by giving them the option of a swap-free account which complies with Sharia law. However, this is not a unique feature and something that you will find most brokers provide nowadays. An economic calendar is an invaluable trading tool which is often overlooked and undervalued by traders. Being ahead of the curve; knowing the timetable of economic releases by way of a calendar, is an absolutely vital aspect to support trading performance. I believe that having access to a thorough, comprehensive and detailed economic calendar, is extremely important. I would always like to check a calendar prior to taking any trade decision.
- If you would prefer some more top-tier regulators, then you might want to consider City Index as an alternative option.
- WorldTradex is registered as a Cypriot Investment Firm (CIF) under the brand name, Forex Central Clearing Ltd., which holds at least €1 million in tangible assets.
- WorldTradex broker delivers dedicated support by a professional team and a good NDD trading environment based on quality technology, also with a good range of trading instruments and low fees and spreads.
- Security is a paramount concern for traders, and WorldTradex addresses this with a commitment to maintaining a secure trading environment.
- Our partners cannot influence our reviews, nor can they pay us to bias our rankings.
Demo Account
The broker operates using the STP/ECN execution model, which offers access to the interbank markets. “ECN” stands for “electronic communications network” and “STP” stands for “straight through processing”. ECN brokers execute by matching client orders and STP brokers execute by passing client orders directly to an external liquidity provider, with no dealer intervention and no re-quotes. Your trades are made on prices provided to WorldTradex by its liquidity providers.
Each account type comes with its unique features, allowing traders to choose the one that aligns with their trading preferences and strategies. The ECN accounts, in particular, provide direct access to liquidity providers, ensuring competitive spreads and minimal slippage. Based on the MetaTrader 4 platform, the WorldTradex MobileTrader app offers customers a strong trading experience on demand. After testing the app, it turned out that it provides real-time market access, sophisticated charting tools, and a range of technical indicators, among other basic capabilities.
Further improving the broker’s cost-effectiveness without deposit or account maintenance fees. WorldTradex is a reliable and well-regulated broker that focuses on providing transparent and cost-effective trading conditions. Its ECN/STP execution https://worldtradex.world/ model and competitive pricing make it appealing to both retail and professional traders. While the platform options and asset variety are somewhat limited, WorldTradex compensates with its robust regulation, free VPS hosting, and user-friendly environment. Another bonus for us is the $0 minimum deposit and 0.01 minimum lot size, which makes WorldTradex more accessible than forex brokers such as Plus500 and AvaTrade, both requiring a minimum deposit of $100. Yes, WorldTradex is regulated by reputable financial authorities, including the Australian Securities and Investments Commission (ASIC) and the Financial Services Authority (FSA) of St. Vincent and the Grenadines.
We champion verified reviews
These robust safety measures highlight the broker’s dedication to safeguarding its users, making WorldTradex a secure choice for traders who prioritize the safety of their trading activities and personal information. In the vast landscape of forex brokers, WorldTradex has established itself as a prominent player, known for its commitment to transparency, advanced technology, and a client-centric approach. In this comprehensive review, we’ll delve into the key features, trading conditions, and overall user experience that define WorldTradex as a brokerage choice for traders seeking precision in the forex markets. WorldTradex offers variable spreads that differ based on the account type and the financial instrument being traded. Major currency pairs, such as EUR/USD and GBP/USD, typically enjoy tighter spreads, especially on Premium and VIP accounts. For example, the EUR/USD spread can be as low as 0.3 pips on the VIP account, providing significant cost advantages for frequent traders.
WorldTradex Leverage
Although WorldTradex offers necessary teaching tools, traders looking for comprehensive training materials could find the offerings inadequate to acquire advanced trading skills. IntroductionWorldTradex (Forex Central Clearing Ltd) is a regulated forex and CFD broker established in 2010. With a focus on transparency, competitive trading conditions, and customer satisfaction, WorldTradex caters to both beginner and advanced traders. The broker offers ECN/STP execution, eliminating conflicts of interest by routing orders directly to liquidity providers. This review explores WorldTradex’s features, pricing, regulation, and suitability for various types of traders.
- “ECN” stands for “electronic communications network” and “STP” stands for “straight through processing”.
- But it’s worth mentioning here that past performance never promises a profitable future.
- Regulatory Authorities under which WorldTradex fall include The Cyprus Securities and Exchange Commission (CySEC) and The Vanuatu Financial Services Commission (VFSC).
- Our team highly rates WorldTradex’s forex offering, which includes 72 major, minor and exotic currency pairs and is on par with competitors like OANDA, which offers 68 pairs, and Forex.com with its 82 pairs.
- To my surprise everything was better than I expected, I didn’t have any problems with the registration process.
- It fully supports automated trading and is one of the most versatile trading platforms available.
- They are so committed to providing transparent services and making sure their traders have nothing to worry about.
This adaptability serves a wide range of traders, improving the user interface. All things considered, WorldTradex’s deposit options enable effective fund management, making it available to new and seasoned traders. WorldTradex Forex trading platforms, are based on a highly regarded MetaTrader4 in fact like many ECN brokers. Following three months of account dormancy, the broker levies a $5 inactivity fee per month. Although this cost is meager compared to some other brokers, casual traders should keep this in mind. While other online payment systems like Neteller and Skrill have a set 2.7%, but bank wire transfers cost between $30 and $ 45.
This means that you can get your trades execute at the best available prices from the brokers liquidity providers without any interference from the broker itself. I prefer this model as it helps to eliminate any conflict of interest between my trades and the broker, ensuring that all my orders are executed in a truly competitive and transparent method. On the contrary, a market maker broker can take the opposite side of your position which means they can mark-up prices which I don’t think gives a level playing field.
You just open an account and make a deposit to receive an impressive 100% deposit bonus in your trading account up to a maximum amount of $2,000. Terms and conditions do apply to this promotion, especially when it comes to making withdrawals, so make sure you read and understand them before making a deposit. WorldTradex provides trading in over 70 major, minor and exotic currency pairs, with especially tight forex dealing spreads. Spot gold contracts for difference (CFD) can be traded against the U.S. dollar and the EU euro, while spot silver, palladium and platinum contracts can only be traded against the U.S. dollar.
In addition, real traders comments (which you may check underneath our review too) are mostly positive and there are many satisfied and happy traders at WorldTradex which is another plus to its clarity. Also, an additional International entity WorldTradex serves is located in St. Vincent & the Grenadines and newly established Nevis and Mwali branch in Comoros. Being an offshore zones, they do not define strict obligations to its financial registered firms, which may be a risky investment in case the firm is only based there. However, since WorldTradex is additionally authorized by the European regulator it is considered to be safe to trade with them. WorldTradex Broker is based on the ECN/ STP trading solution while all orders are routed and matched in the electronically configured network through the liquidity pools of institutional providers and market quotes.
WorldTradex
This is essentially free credit that can be used for trading purposes, and I was pleased on this occasion that there were no minimum trading requirements. That said, this broker does implement negative balance protection across both EU and offshore entities, unlike alternatives such as Fusion Markets. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.