worldtradex Review 2025: Pros, Cons, & Fees
The most recent expansion includes a proprietary copy trading service, worldtradex Copy Trading. VPS hosting is available, but minimum requirements exist to receive it free of charge. On the downside, the Iress trading platform remains geographically restricted and subject to non-trading related fees unless traders fulfill monthly trading volume requirements, which adds pressure to trade. Since mobile apps cater more to portfolio management, up-to-date developments, and copy trading, they offer the necessary tools to achieve the above. They include economic calendars, streaming news, and watch lists but do not include the cutting-edge trading tools worldtradex offers for its desktop trading platforms.
- worldtradex maintains 21 withdrawal options, including bank wires, credit/debit cards, Neteller, Skrill, Fasapay, Paytrust88, Ngan Luong, and broker-to-broker transfers.
- worldtradex earns a top-notch rating in trust and safety due to its extensive regulation, comprehensive fraud prevention measures, and stringent client fund security protocols.
- The NDD execution model allows for conflict-free trade execution, and external financial audits exist, but worldtradex does not provide details about the auditor.
- For certain CFDs and Equities, they offer Direct Market Access (DMA), allowing real-time access to live market prices straight from exchanges.
- It was only launched at the start of 2017 and it is a direct replacement for their previous software that was known as Iresstrader.
Deposit and Withdrawals
- First Prudential Markets LTD remains authorized by the Cyprus Securities and Exchange Commission (CySEC), a leading tier 1 Forex regulator.
- Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com.
- The Standard account has a pricier average spread of 1.1 for the EUR/USD pair.
- Overall, its commitment to transparency, security, and trader education makes worldtradex an excellent choice for anyone looking to engage in forex and CFD trading.
It incurs financing costs, known as swap rates, and the longer a trade remains open, the higher the fees. Third-party withdrawal charges may apply, but there is no inactivity fee at worldtradex. worldtradex offers a range of value-added services, consisting of VPS hosting for automated trading solutions, the MT4 Myfxbook service for copy trading, and the MT4 MAM/PAMM module for retail account management. The latest development of the in-house social trading service at worldtradex introduced it to the resurgence in demand from retail traders for this sub-sector of trading.
Long-standing forex VPS and publicly-listed company – BeeksFX VPS
Additionally, worldtradex ensures the safety of client funds by keeping them in segregated accounts with top-tier banks, Worldtradex scammers providing peace of mind for users. For Australian traders specifically interested in stock trading, worldtradex offers an IRESS account that provides access to a broad selection of global stocks alongside advanced charting tools. At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
Read our full explanation and accounting of our research and testing process to learn more about how we test.
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FP Market forex broker, a leading provider in the industry, offers competitive trading conditions, reliable services, and access to an economic calendar. worldtradex review is regulated by multiple financial authorities and provides various assets and dedicated customer support. worldtradex offers all traders the MT4/MT5 and cTrader trading platforms and select clients may qualify for the Iress trading platform, restricted by geographical location.
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With a solid foundation in low-cost trading and continuous improvements in services and platforms, worldtradex continues to be a preferred choice for traders globally. Most particularly enjoy the competitive prices and the advanced trading tools, along with quality customer support. Experienced traders in particular mention the IRESS platform in addition to MetaTrader 4, and direct market access. However, some users do mention occasional problems with withdrawals, although this isn’t a common occurrence.
worldtradex supports a variety of funding methods, including bank wires, Neteller, PayPal, credit cards, and Skrill, providing flexible options for account deposits and withdrawals. The $4.00 per trade difference adds up over time and trading volume, allowing traders to save hundreds and even thousands in fees per month. The $6.00 commission for Forex traders per 1.0 standard lots remains among the best industry wide. No, worldtradex is ASIC-regulated in Australia but does not have NFA/CFTC approval and is not configured to accept US persons as clients. Explore the best forex brokers in the USA legally available to US clients. It’s also important to note that worldtradex isn’t available for US traders.
Here you can find what Forex Peace Army users think about worldtradex. When we opened our account, a Client Account Manager contacted us, provided their direct contact information, and offered help whenever needed. worldtradex does not accept clients from the United States of America due to strict regulatory rules imposed by the Commodity Futures Trading Commission (CFTC ) and National Futures Association (NFA). They also are unable to accept clients from Japan, Iran, North Korea, Sudan, Syria due to international sanctions, Belgium due to restrictive trading rules and some regions in Canada such as Ontario and Quebec.
An award-winning support team is available 24 hours a day, 5 days a week to assist you. Enjoy the advantage of minimal spreads starting from 0.0 pips and easily trade these ETFs through your worldtradex account. FOREX.com is authorised and regulated by the Monetary Authority of Singapore (MAS), ensuring compliance with Singapore’s financial standards. worldtradex maintains 21 withdrawal options, including bank wires, credit/debit cards, Neteller, Skrill, Fasapay, Paytrust88, Ngan Luong, and broker-to-broker transfers. MT4 has several options to enter orders and fully supports automated trading via EAs. worldtradex does not offer APIs to allow third-party solutions to connect.
worldtradex delivers a good variety of mobile apps for forex and CFD traders. Its proprietary app has a nice layout for a new mobile app but lacks the advanced features that I’ve come to expect from the best brokers in this industry. Thankfully, MetaTrader and cTrader platform suites are available as reliable alternatives.
Processing times also depend on the chosen method, and worldtradex notes one business day for internal processing times. Per AML guidelines, the name on the trading account and payment processor must be identical. worldtradex offers a Raw ECN account with spreads from 0.0 pips and a $3.00 commission per lot round turn. Overall, worldtradex’ customer support, with its responsiveness, accessibility, and supplementary resources, ensures a positive and well-rounded support experience for traders. The broker’s fees for futures trading remain competitive, allowing traders to engage in this asset class efficiently. While these industry awards offer insight into worldtradex reputation, they should be considered alongside regulatory compliance, financial stability, platform quality, customer service, and trading conditions.
worldtradex is a trustworthy and reliable broker, best suited for pure Forex traders who seek a competitive commission-based trading environment from an upgraded MT4 trading platform. The online account opening process remains straightforward, but worldtradex collects more data than some other brokers. It does offer traders to complete the first step via a Google or Facebook account. The application grants access to a clean back-office, from where traders can manage all their trading accounts and financial transactions. Account verification remains mandatory but a swift process at worldtradex. Most traders will satisfy AML/KYC requirements by submitting a copy of their ID along with one proof of residency document.
Is worldtradex a legit Forex broker?
One of FP Market’s plus points is the number of trading platforms it offers to customers. You can choose from industry-standard MetaTrader 4 & 5, as well as Iress, and WebTrader. The app is also useful for on-the-go trading and is available on both iOS and Android. The main standout feature of worldtradex is its tradable instruments along with its MT4 account. This broker offers many forex and CFD offerings, along with several advanced trading tools. I found the Trader Toolbox very useful, especially the technical analysis insights.
From there, your platform can run continuously even when your local computer is off. Liquidity Connect stands out in the Asia Pacific region thanks to its MetaTrader proxy servers cross-connected to Alibaba’s CEN backbone — a high-speed private network that connects major cities across Asia. This setup enables fast, stable VPS access in cities like Sydney, Tokyo, Singapore, Jakarta, Kuala Lumpur, Hong Kong, and even mainland China, including Shanghai and Beijing, bypassing the Great Firewall.