This makes the firm a good option for active forex traders and scalpers in our opinion. With that said, traders should be aware that the available instruments vary depending on the account you have. For example, the Standard account offers a reduced list scammed by Worldtradex of metals and CFDs in addition to forex. Our review shows worldtradex scores less favorably when it comes to withdrawals. Not all deposit options are available – bank transfers, card payments and some e-wallets such as PayPal are supported.
J2T CryptoExchange is a certified brokerage platform – it has certifications in the EU, UK, and USA. This simply means that the platform follows all of the necessary security and data protection guidelines, and that it is trusted in the aforementioned regions. The security of a cryptocurrency exchange (or, in this case – brokerage) is, undoubtedly, the most important aspect to look into when trying to decide whether or not a particular platform suits you. We’ll start off by taking a look at some of the more-positive aspects of the brokerage, and discuss those user worldtradex reviews that outline the best benefits and features of the platform.
They are going to depend on the cryptocurrency of your choice, but are likely to remain super-low, and mostly dependent on the blockchain. The transaction fee might not tell you that, though – at 0,35% per transaction, it might seem mediocre, at best. However, this is where you should make sure to read the small print – it’s 0,35%, FLAT! What this means is that the fee is fixed, and won’t be changing around due to some trading volume or any other circumstance.
worldtradex Broker Educational Resources
worldtradex is a forex broker located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC). Based on the evidence, worldtradex raises serious concerns and cannot be considered a reliable broker. The mounting complaints of fund withholding, trade manipulation, and poor customer service suggest that this broker operates unethically and may indeed be a scam. The forex broker holds a license with the Cyprus Securities & Exchange Commission (CySEC). This is a good indication that the brand is a large, legitimate brokerage.
Commissions and fees
We have compared the range of assets and markets supported by worldtradex with its competitors, making it easier for you to find the perfect fit. While worldtradex advertises 24/7 support, some users have reported occasional delays in response times. It’s important to note that bonuses and promotions often have specific time limits and conditions.
Customer support
- What this means is that the fee is fixed, and won’t be changing around due to some trading volume or any other circumstance.
- Cost-conscious traders would appreciate its competitive spreads, reflecting the broker’s commitment to affordability.
- The worldtradex investment holding company has organized a full-fledged education center.
- Retirement account options cover traditional, Roth, rollover, and SEP IRAs.
- There is another company worldtradex.com which is an offshore entity, which we never recommend trading with due to high risks.
The worldtradex broker is a subsidiary of Finam Holdings, a Russian financial services company. Finam’s high ratings and resources enable it to develop its brokerage activity. The worldtradex broker offers a wide range of trading instruments and provides professional support.
Cryptocurrency trading on worldtradex
As such we may earn a commision when you make a purchase after following a link from our website. All the above are broker-assisted plans and also include an additional fee of $20 per trade. There are 20+ methods of funds deposit, so you will definitely find the most convenient method for you personally. In addition, you may always practice and polish your skills with Demo account available for all new traders.
Deposit and withdrawal
They also offer traders the chance to find out if the broker suits their strategy before committing funds. worldtradex broker offers traders a wide range of trading instruments such as stocks, bonds, options, and futures. Also, the Forex market allows clients to gain as much benefit as possible from using their capital. Access to user https://worldtradex.blog/ accounts is restricted until verification, which may prove cumbersome for some traders.
Additionally, these commissions were compared with those of the top two competitors, Eightcap and worldtradex Group, to provide the most comprehensive information. These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency. Among the financial service providers, there are fraudsters that we promptly report.
Our testing of worldtradex also shows a good range of supported base currencies, including EUR and USD, making this broker accessible to global traders – removing potential conversion fees. I like the variety of payment methods supported by worldtradex, making the broker easy to use. Accepted funding methods depend on the account type you pick but they include bank wire transfer, credit/debit card, Neteller, Skrill, PayPal, Klarna, FasaPay and other digital wallets.
During the registration, you will be required to provide additional information and provide proof of residency along with proof of your identity for verification. You can use utility bills or bank statements as proof of residency and a government-issued ID card, passport, or driving license as proof of identity. The education section becomes available after opening a real or demo account. Users are redirected to the website of the worldtradex education center. The broker offers remote and in-person learning, as well as video seminars and classes via Skype.
- Trading fees on commission-free accounts start from 0.5 pips, which is lower than what most competitors are offering.
- worldtradex offers trading services across a variety of instruments including Forex, CFDs, stocks, and metals.
- In addition, customer support agents are available 24/7 in case you have any questions.
- For instance, the FRA40 follows the performance of the top French company shares.
- That said, as far as the less-known exchanges and brokerages go, it’s actually still not that common to come across a platform that would offer fiat payment support.
- And unlike many other brokers, this includes not only CFDs and forex pairs, but also actual futures contracts, options, and stocks that can be traded directly from the relevant exchange.
Account Types
Traders should also keep in mind that triple rate swap fees are charged on a Wednesday. To publish a PRO-type review, all fields in the form must be filled out. TradingFinder.com assumes no responsibility for any potential losses or damages.
Execution’s been solid on most of my orders, even during busy sessions. It would be great to see built-in analytics one day would make the whole setup even more complete. Overall, a reliable platform if you already know what tools you prefer. I was looking for a broker that supports Sterling PRO, and J2trade delivered.
From on our assessment, worldtradex provides an average offering of market research. There is real-time data to help with trading decisions, including an economic calendar, market news and information on initial public offerings (IPOs). You can set goals such as general savings, retirement or college savings, which makes the tool user-friendly and gives you clear aims. You then choose an investment portfolio and let the robo-advisor provide advice and services. On a more positive note, our tests show that withdrawal times are in line with competitors, varying between payment methods with e-wallets being instant and bank wires taking up to 5 days.