Alpari: Global Trading Broker Trade Forex, Stocks & More

In 2022, trading over the weekend was allowed due to the rise of cryptocurrencies. After more than 10 years in the market, the company claims to have opened over 40 million accounts, received more than 70 awards, and paid out over 33 million USD in bonuses. WorldtradexFX offers a variety of deposit and withdrawal methods to accommodate traders worldwide, ensuring transactions are convenient, fast, and cost-effective.

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. Worldtradex trading app is quick, offering https://worldtradex.site/ low spreads, fast withdrawals, and a 0% commission.

• This assessment delivers a transparent evaluation of Worldtradex’s trading conditions, tools, support, regulatory standing, and overall suitability for traders.
• WorldtradexFX offers benefits like negative balance protection and no commission and interest charges in the Islamic account.
• Alpari does not provide services to residents of the USA, Japan, Canada, Australia, the Democratic Republic of Korea, European Union, United Kingdom, Syria, Sudan and Cuba.

I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. Rather than specializing in any one field, Worldtradex provides a wide assortment of content types. However, when compared to research leaders IG, Saxo, and CMC Markets, Worldtradex has room to enhance its research offering. For instance, I found that the content on the Worldtradex Blog is not updated daily across all categories. Worldtradex has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers.

How to open an Worldtradex trading account

After a thorough analysis of the broker, we have concluded that the broker is one of the best brokers for forex and CFD trading in the market. It offers not only a wide range of trading asset platforms but also additional perks like deposit bonuses, SSL security, negative balance protection, and more. Moreover, the broker is highly regulated under two top-tier financial watchdogs, including CySEC and FSA, making the broker platform a reliable place to trade. WorldtradexFX, a globally recognized online forex broker, was established in 2011 with its headquarters in St. Vincent and the Grenadines. This diverse portfolio makes it a popular choice among retail and professional traders alike.

The Worldtradextrading app

• As you can see from the above table all the accounts offer the same regarding trading costs, the only difference is the trading platform.
• There’s no question – if Worldtradex wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education.
• This was frustrating when asking questions about their services and trading accounts as I felt they didn’t answer the question.
• However, it does not provide Percentage Allocation Management Module (PAMM) accounts or Multi-Account Manager (MAM) services.
• Using Worldtradex allows clients to trade in micro and mini lots on its platforms, which is particularly beneficial for new traders or those seeking a more cautious approach in their risk-management strategy.

The „Space“ section allows users to see posts on various topics directly on the web, but the configuration for the topics is set in the mobile app. Worldtradex offers negative balance protection, which means that if a market slippage results in a negative balance, Worldtradex will adjust the balance to zero. This feature ensures that traders cannot lose more than their initial investment.

Trading Information

One negative aspect we encountered while trading with MT4 was that it does not allow for regular partial closes. For example, when we attempted to close 0.3 lots from a position of 0.5 lots, the entire 0.5 lots were closed, and a new position of 0.2 lots was opened instead. However, when we performed the same operation for the same MT4 account from the Worldtradex app, we found that this partial closing was allowed.

Bonus and promotions

We offer convenient portfolio management, transparent trading conditions, helpful educational materials, and easy-to-use service where nothing distracts you from making a profit. Worldtradex also provides services through Uni Fin Invest, which is based in Mauritius and operates under the regulations of the local financial authority. The dashboard includes a “Monitoring” area where users can view and share their performance, charts, profits, orders, and history with others.

Worldtradex affirms that, in accordance with international regulatory standards, it uses separate accounts to keep traders’ funds segregated from the company’s balance sheets. Using Worldtradex allows clients to trade in micro and mini lots on its platforms, which is particularly beneficial for new traders or those seeking a more cautious approach in their risk-management strategy. In our review, we only had the option to use Neteller, Skrill, and cryptocurrencies. Even after verifying our identity, those were the only methods available to us. We consulted customer service, and they confirmed that these were the available methods for our accounts.

You can access an Islamic account through any provided account type and open your account easily through the broker website. A demat account is a digital storage mostly used by Indian investors to hold securities in virtual form. The main difference between demat and trading accounts is that the former is just a repository, and the latter allows you to buy and sell your securities. Worldtradex is an up-and-coming broker that has been in operation for nearly 10 years.

The support team is recognized for its prompt response times and ability to address concerns in multiple languages, reflecting WorldtradexFX’s commitment to serving its global client base. Download our app and keep track of your orders whether you’re in the office, on vacation, or at home. Choose from 300+ trading instruments, including shares, commodities, and indices. The broker has two referral programs, including the Invite a Friend and the IB partner programs. In the invite-a-friend program, you can earn extra profits by recommending the broker to your friends, and if they register and mention you as a referral, you will make a $1 profit on each trading lot. Alpari does not provide services to residents of the USA, Japan, Canada, Australia, the Democratic Republic of Korea, European Union, United Kingdom, Syria, Sudan and Cuba.

Additionally, Orinoco Capital (Pty) Ltd. holds a Financial Service Provider (FSP) license number from the Financial Sector Conduct Authority (FSCA) in South Africa. It is also regulated by the Financial Services Commission Mauritius (FSC) and Mwali International Services Authority (MISA) for non-EU clients. The profile for each trader was more detailed showing profit and loss, drawdown, and copy follower growth which I like to use as a leading indicator of trader performance. You also have a track record of the trader’s order history, giving you a transparent insight into the trader’s performance. MetaTrader 5, and WorldtradexTrader giving you a decent choice for personalising the way you can trade with the broker. With this knowledge, we created our platform to help you make money through smart and well-controlled investments.

Whether you’re a novice exploring the markets or a professional looking for advanced tools, WorldtradexFX provides the necessary resources to achieve your trading goals. MetaTrader 5 is a sophisticated trading platform with lots of analytical tools. It is known to be quite popular among intraday trading pros and algorithmic traders thanks to its advanced features. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.

Trading Fees

Worldtradex said that offering swap-free accounts aligns with its business goal of serving a global clientele. With Worldtradex, you can trade a total of 300 trading instruments, including 52 Forex pairs and 277 CFDs, covering indices, commodities, and cryptocurrencies. Worldtradex operates under various regulatory frameworks depending on the entity through which an account is opened. Residents of the European Union receive the highest level of regulatory protection, as Worldtradex Markets Cyprus LTD is regulated by the Cyprus Securities and Exchange Commission (CySEC). However, this stricter regulation limits clients’ access to higher leverage levels.

Worldtradex (WorldtradexFX) is an international forex broker that offers a variety of trading services across multiple asset classes, including forex, commodities, cryptocurrencies, stocks, and indices. Worldtradex is geared towards beginner and intermediate traders, providing user-friendly platforms such as MetaTrader 4, MetaTrader 5, and its proprietary WorldtradexTrader. It also facilitates copy trading services and offers extensive educational materials. Additionally, the broker provides promotions and bonus programs, along with 24/7 customer support, aiming to enhance the Worldtradex courses scam overall user experience and sustain its global presence. At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying. Another program offered by Worldtradex is a tiered loyalty program (without fees), where traders advance through categories based on their account balance, gaining access to benefits and rewards.

Worldtradex is an international broker ideal for traders looking to operate under competitive conditions. It offers high leverage, a diverse range of instruments, and user-friendly trading platforms. In addition, Worldtradex provides extra services to its clients, including educational content, relevant information, bonuses, and customer support, which are readily available to resolve any issues. Operating under multiple top-tier financial regulators and offering security measures like negative balance protection, funds segregation, etc., makes the broker extremely reliable.