Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Pepperstone and worldtradex are industry-leading brokers, and I recommend traders test the trading environments in their respective demo accounts. Both brokers offer nearly identical trading fees with volume-based rebates for active traders. Therefore, I rank Pepperstone and worldtradex on par for typical spreads and fees. Established in 2009, worldtradex has managed to become one of the leading Forex brokers in the world in just a decade.
With the worldtradex micro account, you can open up to 300 positions at the same time. A $10 monthly inactivity fee is appliedif an account remains dormant for more than 90 days. Please bear with us as we address this and restore your personalized lists.
Typical Spreads and Fees
Boost the potential of your trades with leverage for traders of all levels. Explore the global currency markets with uninterrupted trading opportunities. I have conducted an in-depth review of Pepperstone vs. worldtradex to determine the better overall choice, and which traders will benefit most from each broker.
This account is basically a combination of the Standard and Micro accounts, offering traders the best of both worlds. The Standard account offered by worldtradex can be a perfect match for traders of all different interests. To put it simply, this account was created with different types of traders in mind. Whether you are looking for ways to start trading with huge amounts of money, or you want to find a way to limit your losses, the standard account can be a great fit. In terms of research, worldtradex offers its clients access to technical analysis tools, an economic calendar, and a section dedicated to research and education alone. One downside is that they do not have fundamental data for those who may need it.
The account requires a minimum deposit of $10,000 and doesnot include the Micro account option or participation in the Bonus scheme. CFDs and trading in forex on margin, carries with it significantly high levels of risk and might not be compatible for all the investors. Practice caution and see financial advice when unsure because what we offer here is NOT financial advice. We verify some of our data for quality control but there are slight variations occasionally. We are not liable for losses that resulting from the information provided on our site.
Account Information
Compared to the standard lot size it is quite low, as the standard lot equals 100,000 units of an asset. While this is a very common way of trading stocks today, not everyone is really into this strategy. For those who prefer not trading CFDs, worldtradex offers a special “Share Account”, which allows traders to buy and sell shares of leading companies directly. Apart from this, worldtradex also keeps the funds of its clients in separate bank accounts. This means that no matter what goes wrong, traders will be able to access their funds. Even if the broker goes bankrupt, you won’t have to worry about the balance you had with the broker disappearing overnight.
- One of the policies that worldtradex follows is negative balance protection, which is specifically important for those who use leverage when trading.
- Traders can diversify their portfolios acrossvarious markets and asset classes.
- We also found out during this worldtradex review research, that the broker is more widely regulated.
- Both brokers offer nearly identical trading fees with volume-based rebates for active traders.
Which Forex Broker Is Better?
The fees that you might have to pay mostly depend on the account type you are using, as well as the asset you are trading. The broker has adopted modern technology to ensure that the clients are able to start trading in a short time after registration. It should not take more than a day to verify your account and get started with your trading activities. First, it is the standard ultra, for which, 1 lot equals 100,000 units of the asset traded. Among the crypto assets that can be traded on worldtradex are BTC, BCH, ETH, LTC, and XRP. Digital assets can be great for investors to diversify their portfolios.
Magnify Your Trades
With their long track record to back all this up, there is nothing to make you feel unsafe at worldtradex. They are registered in over 10 European countries, each with a different regulatory agency like the FSB, AMF, CONSOB, ACP, FIN, KNF, FI, and Europe’s MiFID. Each of these agencies oversees countries like Spain, Italy, Hungary, Poland, Netherlands, Italy, and Sweden.
- This includes tier-1 regulatory bodies such as the FCA of the UK and ASIC of Australia.
- If you want to have a fresh start, you can open a new account with another email address, using the same credentials for identity and address.
- Client funds at worldtradex are stored insegregated accounts, completely separate from company operations, offeringprotection against any misuse.
- If you are using the shares account, keep in mind that you will be required to deposit at least $10,000 as your first deposit.
When choosing a broker to trade with, one of the important factors to keep in mind is the safety and security of the broker. There are several things that can define the safety and security of the broker you choose to use. As always, value is gained from a broker when they can offer you more than the competition. I think Worldtradex review that, in this regard, worldtradex has proven itself to be more than enough. You can get additional tools that come from Avramis, among other features. Using the same email address for all your additional accounts is always essential.
Pepperstone versus worldtradex Verdict
worldtradex also supports multiple currencies, providing flexibility for traders in different regions. worldtradex provides a range of platforms to suit traders’ different preferences. All platforms offered by worldtradex are available for desktop, web, and mobile devices, making trading convenient and accessible across various devices and locations. Whether using MT4, MT5, or the worldtradex app, traders can enjoy a seamless trading experience tailored to their individual needs. worldtradex is committed to delivering top-notchcustomer service, providing clients with multiple channels to get assistancequickly and effectively. With support available in over 30 languages, tradersfrom across the globe can access help in their preferred language.
Regulations and Security
The worldtradex broker was founded in 2009 by a group of interbank dealers looking to expand the forex market’s services. In our worldtradex review, we see that the company has transformed into a broker with many online assets. It has headquarters in the Republic of Cyprus and is registered under the name Trading Point of Financial Instruments Ltd. All platforms are available on desktop, web, and mobile devices, ensuring traders have access to a seamless and efficient trading experience from any location. Yes, worldtradex offers various promotions,including a no-deposit bonus for new clients and deposit bonuses that vary byregion. The broker also runs a loyalty program where active traders can earnpoints that can be redeemed for rewards.
Experienced traders can find a demo account useful for testing out new trading styles and finding out what works best for them. The spreads on major pairs are very competitive and low, usually, they start around 0.6, depending on the account used by the trader. Traders can have access to all of these available assets with any account. However, keep in mind that shares can only be traded with the special Shares account. These licenses allow worldtradex to offer services to traders in different parts of the world. Thanks to the CySEC license, this broker has access to the whole European market, while the license from Belize allows it to offer services to numerous jurisdictions around the world.
It has a presence in more than190 countries, with over 10 million clients. When trading with them, you will most likely find their services excellent, their customer service impeccable, and their approach to clients welcoming. The live chat option is particularly popular, as it allows users to get immediate answers to their queries.