The Bullish Bears team focuses on keeping things as simple as possible in our online trading courses and chat rooms. We provide our members with courses of all different trading levels and topics. On our site, you will find thousands of dollars worth of free online trading courses, tutorials, and reviews. Also, we provide you with free options courses that teach you how to implement our trades as well. Our watch lists and alert signals are great for your trading education and learning experience. The Bullish Bears trade alerts include both day trade and swing trade alert signals.
However, if there was one thing I could change about it, it would have to be the one-page format. For any beginner trader, it can seem very overwhelming, and they might opt out and pick another, simpler-looking exchange, instead. First of all, you’ll need to provide your full legal name again, your country of birth, and your nationality. At the same time, though, they can get rather complicated – thankfully, as you’ll see in just a minute, this is not the case with the worldtradex app. Our content is packed with the essential knowledge that’s needed to help you to become a successful trader. We are opposed to charging ridiculous amounts to access experience and quality information.
Each day we have several live streamers showing you the ropes, and talking the community though the action. What we really care about is helping you, and seeing you succeed as a trader. We want the everyday person to get the kind of training in the stock market we would have wanted scammed by Worldtradex when we started out. People come here to learn, hang out, practice, trade stocks, and more.
Demo Account
I always recommend that traders check them before evaluating the total trading costs. The “A book” scheme guarantees steady execution and eliminates conflicts between the broker and traders. We also explored the trading assets and products worldtradex offers for beginner traders and investors who prefer not to engage in active trading. Overall, the available platforms offered by this broker are great and traders of different needs will easily find what they are looking for. worldtradex offers both investment and market speculation opportunities to its clients. It has strong regulatory credentials, other positive user reviews, and has received a number of industry awards.
Learning can be paid or free, and clients can select individual programs. There is free access to remote education content such as video courses, articles, webinars, A. worldtradex received a Medium score for the efficiency and convenience of its deposit and withdrawal processes. worldtradex has a safety score of 8.5/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
Educational Resources: Beyond the Trading Platforms
Looking at the negatives, worldtradex scores poorly when it comes to education, reducing its suitability for beginners. We are also disappointed by the deposit and withdrawal fees, which can be avoided at other forex brokers we use. CQG is another software that provides direct access to over 40 world exchanges and combining futures and options trading. Also, this platform operates over 35 years and gained its truly reputable standing within the financial industry. The company worldtradex is a Cyprus established brokerage firm that offers its trading services since 2006 and gained trust of over 155,000 clients from various world countries.
- By leveraging push notifications, traders are kept abreast of real-time market shifts and alterations in their portfolios, ensuring they remain at the forefront of every pivotal movement.
- This figure is lower than the average minimum deposit of 310 USD found among over 300 brokers analyzed by Traders Union.
- Typical values are provided, but during high volatility, the spread may exceed these.
- Looking at the negatives, worldtradex scores poorly when it comes to education, reducing its suitability for beginners.
- worldtradex also offers the opportunity to purchase crypto with a credit or debit card (or a bank transfer), has a great trading interface that is both intuitive and simple to use, and is also very secure, too.
Trade with a Regulated Broker
The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. Please follow the links to each of our affiliated broker’s websites. This will help Tradersunion.com to continue to provide our services to you for free. worldtradex offers a wide range of tradable instruments, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks.
The bulk are equity stocks and CFDs listed on 36 global exchanges, which is an excellent selection. Forex traders get a reasonable selection of 64 currency pairs, and commodity traders can choose from 25 CFDs and futures contracts. Brokerage commission equals 0.006 USD per share on US stocks and commissions start from 1.5 USD per trade. The most important of which include regulatory credentials, the accessibility of accounts, coverage of the forex market, the quality of trading tools, and the competitiveness of fee structures. Our experience shows that once verified, the funds will be returned to your account instantly in the case of e-wallets and within 5 days if you choose bank wire. worldtradex processes withdrawals within 24 hours of the request being made.
Typically, you will be required to upload a photo of your identification card to worldtradex in order to pass worldtradex KYC verification. You will need a valid email address and phone number to open a trading account with worldtradex. The minimum deposit amount of $100 when registering a live account is equivalent to ZAR1,758.83 at the current exchange rate between US Dollar and South African Rand on the day that this article was written. As a CySEC-regulated broker, the verification process includes a questionnaire that collects data per regulatory requirements enforced by the ESMA. worldtradex provides massive in-house research for registered clients and via well-trusted third-party provider Trading Central. It remains unclear if worldtradex offers the MT4/MT5 plugin or provides the services via its back office.
Tradable Instruments
Our only complaint is that while this broker offers negative balance protection on their Standard account, it is not available on the other trading accounts. This means clients can lose more than their account balance if the markets move against them. worldtradex withdrawal and Funding of trading account is free of charge including withdrawal. Yet, always verify with your payment provider and broker customer service in case of some additional fees due to international polices from the country of your origin. Higher account types may require bigger amounts of funds, especially for those traders that are professionals and will be trading through tailored solutions. In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person.
Choosing a safe and reliable broker is essential for successful trading. There are various factors to consider https://worldtradex.site/ when making a decision, but the safest brokers are well-regulated ones. They have mobile-optimized charts, multiple order types and facilitate one-click trading.
- Judging by standard procedures, new customers may get their accounts activated within a day, depending on the availability and genuineness of their documents.
- Be aware, the company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
- Indeed, the curating, sourcing, and organization of this process requires substantial financial investment by Tradersunion.com, which the website earns in the form of advertising payments.
- Traders should take note that payments made in any other currency apart from the base currencies of the various accounts may be subjected to conversion rates charged by their payment provider.
Our testing shows that worldtradex offers lower fees than most forex brokers, especially in its premium accounts. Our research shows that the MT5 Global account is best for experienced traders. Account holders get tight spreads with a very low commission rate, plus access to the powerful MetaTrader 5 platform.
Trading fees on commission-free accounts start from 0.5 pips, which is lower than what most competitors are offering. The broker provides access to trading major, minor, and exotic currency pairs. I like that worldtradex offers eight trading platforms, which ensures traders and investors get one suitable for their preferred strategy. The choice of trading services is also excellent, offering clients four competitive methods for portfolio management.
Leave a review about the broker
This figure is lower than the average minimum deposit of 310 USD found among over 300 brokers analyzed by Traders Union. While worldtradex does not maintain a dedicated educational section, and beginners are not its core market, the blog features well-written educational content that I can recommend to first-time traders. The worldtradex demo account has an overly high demo account balance of $100,000, but the registration is refreshingly swift. I did not find a time limit, which suggests that worldtradex understands the requirements of demo trading. I prefer more customization options to ensure demo trading conditions reflect planned live portfolios.
Check to see how worldtradex compares with other brokers in terms of trading features and minimum deposits. When it comes to funding methods for new trading accounts, the choices vary depending on which platform a new user wants to trade on. While users on the J2TX platform can only fund their accounts with Ethereum bought via Visa or MasterCard, forex and CFD traders with the broker have more options available. Among these are all the traditional payment methods such as bank transfer, major credit and debit cards, and e-wallet services like Skrill, Neteller, WebMoney, Qiwi, and many others.