The broker does not accept short orders for stocks priced under $3. Besides the default routing option, worldtradex + offers Nasdaq and Arca venues. Traders who need more options than these can use Sterling Trader Pro, which offers many more. worldtradex says its “preferred method of contact is either by our online chat function or email.” It seems strange that they wouldn’t want phone calls. Personally, I would expect my broker to willingly accept phone calls.

The platform offers clear market data and graphs, though we particularly rate the Excel output option and economic calendar, which are useful for planning trades. This means the broker effectively acts as a middleman to give traders access to the forex market. The huge range of 35,000+ instruments is a key benefit of opening an account.

If you leave your account unused over a long period, worldtradex will charge an inactivity fee. So, you want to keep your account active and engaged to https://worldtradex.world/ avoid withdrawal restrictions. worldtradex offers a suite of tradable instruments, catering to traders with different all kinds of preferences and methodologies.

Research and Education

After 100,000 contracts in a month, the broker charges just 50¢ per option. That said, if you are trading that kind of volume, you may prefer a broker that caters specifically to options traders, like TastyWorks. Forex trading fees work using spreads to eliminate additional commissions or fees. They also ensure traders get a straightforward trading environment.

Varied Options for All Trading Styles

This is firmly toward the low end of the forex brokers we review. The Forex ECN account is a good option for active forex traders looking for the tightest spreads and access to popular currency pairs. As the financial realm continues to evolve, so does the need for superior trading tools. worldtradex’s platform unfurls a tapestry of innovative features tailored to empower traders. For investors who want to trade on the go, worldtradex provides a seamless mobile trading experience with dedicated applications for Android and iOS devices.

• Mousing over a strike price displays the intrinsic and time values of an option in graph format.
• The Forex Standard account offers commission-free trading with spreads from 0.5 pips.
• Yet it doesn’t offer the same user-friendly interface, or have as good a reputation as alternatives like eToro.
• This type of derivative allows traders to go long or short on currencies.

Trading Fees

I was also disappointed in the platform’s lack of research tools. One is a per-trade schedule where equity transactions cost $2.50. You need an account balance of at least $2,500 to qualify for this rate. The commission increases to $4 if your balance falls below this level.

Web Trading Apps

With that said, there is a ‘Contests’ tab in the broker’s platform which can be monitored for the opportunity to win prizes. Yet while we enjoy using these features, our team finds that the depth and quality of market research don’t rival alternatives like IG Group. Other fees to be aware of are the swap fees that are charged on positions held overnight.

The per-share plan apparently is designed for day traders, as it has a minimum balance requirement of $25,000. It also charges a monthly fee of $333, although this rather uncomfortable charge is reduced by any commissions paid during the month. worldtradex’s web platform allows traders to access their accounts directly through a browser, ensuring easy access without software downloads. However, we are disappointed to find that there are fees for depositing in ECN accounts, the amount of which varies depending on the method you use. There are also withdrawal fees with this account, reducing its appeal.

Our tests show that only a select few brokers, such as Saxo Bank, can rival worldtradex when it comes to the number of trading products. For instant funding, I recommend card payments, which I find easy to set up, while bank wire transfers can take up to 5 days. In essence, worldtradex has a deposit and withdrawal structure prioritizing efficiency with no hidden costs. Such policies solidify worldtradex’s reputation in the financial trading space.

worldtradex is a reasonable forex broker for beginners, but not the best we have tested. We are pleased https://worldtradex.club/ to see that worldtradex offers a free demo account. These simulation accounts are a great way for beginners to learn more about forex trading without financial risk. They also offer traders the chance to find out if the broker suits their strategy before committing funds.

The research notes are quite useful for forex trading, but there are no videos, webinars or guides to support beginners. Ultimately, the educational resources are nowhere near as extensive as competitors like Pepperstone. With this in mind, worldtradex isn’t the best forex broker for new traders in our view. worldtradex offers traders a robust customer support infrastructure.