For certain CFDs and Equities, they offer Direct Market Access (DMA), allowing real-time access to live market prices straight from exchanges. worldtradex’ Raw account is designed for more experienced high-volume traders, offering commission-based trading with spreads from 0.0 pips. The $6 round-turn commission per standard lot with tight spreads may suit those who are looking to scalp or day trade. worldtradex also earned Best in Class honors for Commissions and Fees in our 2025 Annual Awards. That said, the broker’s Iress ViewPoint account option is less affordable, and is geared towards active traders with high-balance accounts. The good news is worldtradex boasts a relatively low minimum deposit threshold compared to some other brokers.
- worldtradex offer a number of platforms including MetaTrader 4 and 5, TradingView, cTrader and WebTrader which are all known for their reliability and advanced trading features.
- With a commitment to both novice and seasoned traders, worldtradex offers educational resources and customer service that enhance the trading experience.
- The volatility of the markets lets you determine whether to buy or to sell.
- The out-of-the-box MT4/MT5 versions remain substandard, but worldtradex offers twelve plug-ins with its Trading Tools package, plus the Autochartist plug-in and Trading Central services.
Check if worldtradex uses an Electronic Communication Network (ECN) for true market access. worldtradex offers Standard Accounts with commission-free trading and educational resources. However, the variety of instruments and potential for high leverage might be overwhelming for complete beginners. Comparing trading costs is challenging, with many variables impacting the final fees. We evaluated the spreads of the EUR/USD, gold, the S&P 500, and WTI crude, four of the most traded assets, available at all brokers. Traders should always trade with a regulated broker but ensure that the trading environment remains competitive.
Fees and costs vary with worldtradex, whether you choose a Forex Account (Standard Account/Raw Account) or IRESS Account. For Forex traders, a Standard account requires a minimum deposit is $100 (AUD or equivalent). With this account, spreads are offered from 1.0 pip with no commission.
RAW Account Spreads
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. With a commitment to both novice and seasoned traders, worldtradex offers educational resources and customer service that enhance the trading experience.
The Standard IRESS Account has a minimum deposit requirement of $1,000 https://worldtradex.site/ AUD or equivalent. If a trader generates at least a $150 AUD commission in a month, then the $55 GST fee per month is waived. Also, there is a monthly GST fee of $22 AUD that is waived for ASX data whenever the trader generates at least $50 AUD of commission in a month.
Markets Offered
This focus on educational resources is particularly useful for those aiming to refine their trading strategies and knowledge. This platform is known to be one of the most technologically advanced trading platforms. The worldtradex MT5 offers modern traders access to a world of opportunity. It features a depth of market display, has six pending order types (including Buy Stop Limit and Sell Stop Limit), is an improved strategy tester for EAs, and has a built-in market of trading apps.
Mobile Trading (App) is possible with worldtradex
First Prudential Markets (popularly known as worldtradex) stands as a beacon of versatility, serving both novice and seasoned traders. With a diverse array of instruments and account types, the Australia-based company caters to all, making it a valuable ally in the world of online trading. Regulated by ASIC and CySEC, and offering international services under offshore regulation, it ensures a secure trading environment. However, traders outside Australia and Europe should be mindful of regulatory differences.
These include comprehensive KYC procedures designed to prevent fraud and money laundering, ensuring that clients are verified. In this section, we’ll dive deeper into how worldtradex adheres to regulatory guidelines and what that means for traders. The CompareForexBrokers team created a trading platform selector so you can work out what trading software best matches your trading needs. I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. If you are looking for an overwhelming selection of more than 12,000 assets and very lucrative leverage, look no further.
Customer Support Comparison
Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. In this segment, we will take a closer look at potential alternative brokers before we conclude the article. Each broker has its strength and weakness, but it is crucial for you to find a provider which fits your needs and you feel comfortable with.
By expanding content, improving organization, and diversifying formats, the broker can continue to empower traders with knowledge, setting itself on par with industry leaders. Overall, worldtradex offers a competitive fee structure, as well as transparency, and flexibility. Traders can benefit from cost-effective trading while knowing what to expect in terms of fees and charges. Withdrawal fees are transparent, ensuring traders know what to expect. Forex trading is cost-effective, with tight spreads benefiting traders.
It has Time & Sales (exchange data) and trading alerts with e-mail and pushes notifications on mobile devices. At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying. This review of worldtradex is grounded in CompareForexBrokers’ rigorous and transparent methodology, as detailed on Our Methodology page. We evaluated worldtradex across multiple critical performance metrics, including trading costs, platform usability, customer service, regulatory compliance, and the breadth of https://worldtradex.club/ market offerings. Our assessment also considered unique features that set worldtradex apart from competitors.
worldtradex cannot accept clients from certain countries such as the United States of America, Japan, North Korea, Iran, Iraq, Belgium and some regions in Canada.
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