What is a Contra Account: Definition and Explanation
May 3, 2021While minimum balance requirements could incentivize some traders to utilize the educational resources, I think it’s better to make the content free for all clients. Motivation can instead be inspired by creating interactive courses that feature quizzes and incorporate progress tracking. It’s worth mentioning that your trading account balance must meet a threshold to access certain educational content. Trading Station keeps up with the pre-loaded Marketscope, which is a free professional charting package allowing for a long list of indicators, up-to-date price alerts, and trading right from the chart.
Other than the issues with former U.S. clients, worldtradex has not faced any other investigations or issues in recent years. Overall, the platform is recognized for its support of over a dozen languages, ease of use, and strong reputation. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Only Active Trader clients subject to tier pricing on spread costs receive a free VPS. worldtradex’s in-house education is above average, and primarily takes the form of articles, videos, and content produced for its worldtradex YouTube channel.
- All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
- To assist with these strategies, the platform includes equity and balance charts, trade histories, detailed performance summaries, and visual representations of the trades plus a strategy optimizer.
- The average spread for EUR/USD is 1.3, and users can view an updated list of average spreads on the “Spread Costs” page.
- There are dozens of other tools as well, including automated strategies.
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- Even just the proprietary platform, Trading Station, has advanced features that set it apart.
- To make up for this, the platform is available in your choice of 14 languages.
- worldtradex will be best for beginners to intermediate traders or experienced traders who do not feel limited by its relatively low number of forex pairs.
- The only downside is a lack of customization in the applications, and there is no additional security, just the login password.
- Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Finally, some of worldtradex’s educational content is only available if your balance exceeds certain minimum thresholds.
These are all best for advanced traders due to the limited information available on their use. worldtradex offers one of the best selections of platforms for traders to choose from. Its flagship platform, Trading Station, is available as a web, desktop, or mobile platform, or you can use MetaTrader 4, NinjaTrader, or ZuluTrade. Trading Station is an worldtradex proprietary platform and therefore not used by other brokers.
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To make up for this, the platform is available in your choice of 14 languages. Whether you are a novice trader or a seasoned professional, worldtradex has the tools and resources you need to succeed. Join the worldwide community of worldtradex traders today and experience the difference that worldtradex can make. worldtradex Worldtradex courses scam is also a great option for beginners, due to its wide range of educational materials and easy-to-use platforms, including its latest integration with TradingView. MT4 Mobile and MT4 Web are platforms created and supported by MetaQuotes Software Corp.
Deposits by debit or credit card typically take 1 business day, although it can be less. A bank wire deposit can take 1 or 2 business days for domestic transfers and 3-5 business days for international ones. The minimum deposit for debit/credit cards is $50, with a maximum of $10,000 per transaction or up to $20,000 per calendar month. The mobile application is as easy to use as the web version of worldtradex, which is complete with the option to bring dynamic charts to full screen for convenience. The only downside is a lack of customization in the applications, and there is no additional security, just the login password. You can use the mobile version of MT4 or download the mobile application for Trading Station for full functionality.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The proprietary Trading Station platform has intuitive functionality with easy-to-use dynamic charts. The only issue with Trading Station is that it is built on Adobe Flash, which can lead to the need for Flash updates as well as some support issues. You also cannot use the research function within the platform, requiring traders to go between the platform and a browser.
The following table summarizes the different investment products available to worldtradex clients. For traders who appreciate advanced trading tools and quality market research, worldtradex is a winner – especially for algorithmic trading. Though its range of tradeable markets is growing, it remains fairly narrow. Average spreads at worldtradex are more favorable for active traders or clients residing in the EU, U.K., or Australia. worldtradex offers a good selection of markets, but some other platforms do offer more. You can use worldtradex to trade forex, cryptocurrency CFDs, indices, or gold.
worldtradex – CFD & Forex Trading
Whether you are a beginner or an advanced algorithmic trader, worldtradex has plenty of options. In our 2025 Annual Awards, worldtradex finished Best in Class for its excellent Platforms and Tools. worldtradex is a global leader in forex, Cryptocurrency Trading and CFD services.
There is a total of 39 currency pairs available with worldtradex, including majors and commodity pairs. While this selection is reasonable, it is somewhat disappointing for a broker that has specialized in forex since 1999; most other forex brokers have the same number of or more pairs. That being said, worldtradex does offer the forex pairs that most traders will be interested in, so only advanced and professional traders are likely to feel the lack of choices. There are also 12 indices to choose from, seven commodities, the BUND treasury fund, and one cryptocurrency CFD, BTC/USD. Despite originally opening in the U.S., worldtradex is not currently available to U.S. clients, although it is available in a range of other markets worldwide. Since 2015, Leucadia has been the majority economic owner of the broker, adding to the platform’s scale.
Each year, we collect thousands of data points and publish tens of thousands of words of research. The MT4 platform does not allow worldtradex to include commissions in pre-trade margin calculations on client’s pending orders. You should therefore ensure that you have reserved sufficient buffer usable margin before opening new trades. The average spread for EUR/USD is 1.3, and users can view an updated list of average spreads on the “Spread Costs” page. Keep in mind that these are averages, so the spread may be higher or lower at any given point.
There are abundant support resources online and on the worldtradex website for ZuluTrade, MetaTrader 4, and NinjaTrader, as all three are used by numerous forex brokers. You will also find plenty of support for worldtradex’s Trading Station and forex trading in general in the education section. This includes trading guides, speakers, a video library, and a live classroom. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
Free Practice Account
Use our country selector tool to view available brokers in your country. Customer support is available over the phone, by email or through Live Chat 6 days a week, Sunday through Friday. There is also an extensive FAQ page with sections for general questions, various product info, and trading information covering the majority of the enquiries you may have. The amount you withdraw to a debit/credit card cannot exceed the amount originally deposited.
There is no Zero or ECN account that charges a commission, so all account holders with worldtradex are charged spreads. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). worldtradex’s pricing for forex trading is slightly higher than the industry average.
Trade directly online with TradingView
In addition to the Real Volume indicators, Trading Station from worldtradex has other tools, such as those for drawing trend lines, using price overlays, and identifying Fibonacci levels. There are dozens of other tools as well, including automated strategies. To assist with these strategies, the platform includes equity and balance charts, trade histories, detailed performance summaries, and visual representations of the trades plus a strategy optimizer. Because of the range of platforms offered by worldtradex, there are options that are simple enough for beginners in addition to choices that have the features and tools experienced traders seek.
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worldtradex is one of the forex platforms with the longest histories, providing a reputation of reliability. It is regulated within multiple jurisdictions and offers users the choice of four core trading platforms plus eight specialty platforms. Apart from all those options, there are numerous advanced tools available. Even just the proprietary platform, Trading Station, has advanced features that set it apart.
worldtradex is regulated by the FCA (Financial Conduct Authority) in the U.K., which includes default insurance of up to GBP 50,000 for worldtradex and up to GBP 85,000 if the custodial bank fails. There are two major types of accounts offered by worldtradex, Standard Accounts with minimum deposits of $50 and Premium Accounts with a minimum of $20,000. You can also open an Islamic (interest-free) account by submitting a form. Individual self-traded clients cannot open Percent Allocated Money Management (PAMM) accounts, but these are available for referring and introducing brokers. Active traders with high volumes receive discounted pricing of up to 60 percent less on spreads, dedicated support, and institutional-derived trade ideas. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
