It is particularly suitable for scalpers, day traders, and high-frequency traders who rely on low-latency execution and precise pricing. The Raw Account is also available on MetaTrader 4 and MetaTrader 5, with a minimum deposit of $100. To support trading on the go, Worldtradex offers mobile versions of MetaTrader 4, MetaTrader 5, and the Iress suite. These mobile platforms replicate the core functionalities of their desktop counterparts, including real-time quotes, order execution, and technical analysis.
Non-Trading Fees
It accepts all trading styles, including algorithmic trading, scalping and news trading. Easily create your own trading robots, or download third-party apps from online marketplaces. Check the latest quotes for both brokers in the table below. This allows traders to assess the bid and ask prices provided by Worldtradex and Exness in real-time and choose the more favorable rates. Worldtradex also makes the withdrawal process straightforward and efficient.
For the RAW account, a fixed fee of 3 USD per side (6 USD per round lot) is charged. This is exactly in line with the industry average among ECN brokers. Next, the system will ask you to confirm that you are not a U.S. tax resident, and to select your account’s base currency along with your preferred trading platform. This reliability is reinforced by regular independent audits of order execution and financial reporting, as well as nearly two decades of operation without major regulatory issues. Below you can see Worldtradex’ overall scores across ten key service quality criteria.
TradingView
I started my career in investment banking in London as an FCA-approved person. Worldtradex does not impose strict withdrawal limits, but minimum withdrawal amounts can range from $5 to $50, depending on the method. The broker may request additional documentation or identity https://worldtradex.blog/ verification before processing a withdrawal, especially when large sums or new methods are involved. Notably, Worldtradex does not charge any inactivity fees, making it suitable for traders who may step away from the platform for extended periods without incurring penalties. Traders are advised to confirm which entity they are registered under to understand the specific safety measures available to them.
There is also a number of different e-wallets for you to choose from, such as Skrill, BPAY and PaySEC. Generally, you will not be paying fees to MetaTrader account, but the e-wallet fees to the Iress platform will range usually from 3-4%. 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.
Spread Types and Trading Costs
- On Trustpilot and Forex Peace Army, clients rate Worldtradex’ support at 4.7–4.8 out of 5, praising the speedy chat, knowledgeable specialists, and effective first-attempt resolutions.
- MT5 expands the functionality with 21 timeframes, 38 indicators, an integrated economic calendar, and a Depth of Market feature.
- However, no investor compensation fund is available in the event of bankruptcy or insolvency.
- The RAW account connects to a pool of top-tier liquidity providers; orders are filled via ECN with typical spreads from 0.0 pip.
- Such leverage offers flexibility to active and algorithmic traders, while European and Australian clients remain within regulatory limits.
They are a CFD and forex broker that is owned by First Prudential Markets Pty Limited. Their headquarters are in Sydney and they have been offering online financial trading for the past 14 years. My mission with TrustedBrokers is to help you find the right broker for you, whether you’re a beginner or a pro. I’ve personally used and tested the brokers mentioned in this article.
- The platform provides Level II Market Depth, streaming quotes, algorithmic trading via API, and integrated screeners.
- The Raw Account is designed for experienced traders who require tight spreads and institutional-grade pricing.
- There are many great tools and indicators for the trading experience and it is highly customizable.
- Deposits are credited in the base currency selected during account setup, with multiple currency options supported, including AUD, USD, EUR, GBP, and others.
- Hedging is allowed, the minimum lot is 0.01, and the RAW account with zero spreads makes MT4 particularly attractive for scalpers.
Technical and Fundamental Analyses
Designed with a mobile-friendly interface, the apps ensure that traders can manage their portfolios efficiently from virtually anywhere. Alternatively, traders can also access their accounts through WebTrader without downloading any app. MetaTrader 4 (MT4) is a highly popular platform among Forex traders, known for its simplicity and powerful features. Worldtradex offers it as a free download for Windows, macOS, and mobile devices.
One of the only drawbacks to their offering is the charges they have on deposits and withdrawals when using their Iress platform. Otherwise they have a quality customer support team, competitive price and a great reputation in the sector for serving the needs of their customers. On the Standard MT4/MT5 account, spreads start from 1.0 pip with no commission.
This approach allows less experienced traders to benefit from the expertise of seasoned traders without needing to actively manage their trades. It provides an opportunity for traders to potentially earn profits by following the strategies and decisions of those with a proven track record. 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. Worldtradex is regulated by ASIC and CySEC, ensuring client investments are safe.
The minimum deposit is $100, making it easy to start trading. Worldtradex offers a full trading system for traders in many markets. As you can, Worldtradex is extremely well-regulated and look after the needs of their clients no matter what they may be. They have an extensive array of investment products for you to trade, as well as many different trading platforms to choose from. Its Standard account has no commission and spreads from 1 pip.
Copy trading accounts are available if you prefer to copy other traders, rather than making your own investment decisions. We like the Worldtradex copy trading platform because it provides more risk management tools than other platforms. It’s free to copy others, as your signal provider will only charge a performance fee on profits. Overnight financing charges (swap rates) apply to leveraged positions held past the trading day’s close. Traders can monitor real-time swap rates through Worldtradex trading platforms. Through the commission on RAW accounts (USD 6 per round-turn lot), spreads on Standard accounts, swap/overnight charges and a fixed fee on international bank withdrawals.
Iress
Worldtradex is one of the few brokers that has managed to combine conservative reliability with the flexibility of modern fintech solutions. The Australian ASIC license, European CySEC, and South African FSCA set a high baseline of fund security, and its history since 2005 confirms its ability to weather turbulent market cycles. With a minimum deposit of 100 AUD, clients gain access to ECN execution with speeds from 0.02 seconds and spreads starting at zero on RAW accounts.
FTMO Rules Explained: A Comprehensive Guide for Traders
Traders can withdraw funds using the same range of payment methods offered for deposits. According to anti-money laundering (AML) regulations, withdrawals must be made using the same method and up to the same amount as the initial deposit. Once the deposited amount has been returned, profits may Worldtradex courses scam be withdrawn via an alternative method. The availability of these methods may vary depending on the trader’s country of residence. Most deposit methods are processed instantly or within a few minutes.