The amount you withdraw to a debit/credit card cannot exceed the amount originally deposited. Withdrawals via cards do not have fees, but there is a $40 fee for bank wire withdrawals. This also tends to be the quickest method, taking about 3-5 business days.
TRADER SENTIMENT
- A bank wire deposit can take 1 or 2 business days for domestic transfers and 3-5 business days for international ones.
- The research tools and speakers can appeal to more experienced traders.
- It is regulated within multiple jurisdictions and offers users the choice of four core trading platforms plus eight specialty platforms.
Other than the issues with former U.S. clients, worldtradex has not faced any other investigations or issues in recent years. Overall, the platform is recognized for its support of over a dozen languages, ease of use, and strong reputation. worldtradex’s Active Traders can unlock the market depth functionality on the Trading Station forex and cfd platform. Multiple levels of liquidity are visible at each price, providing extremely use information to short-term and high-frequency traders. These are all best for advanced traders due to the limited information available on their use. Some of the top traders use automated strategies to take the human element out of trading.
Integrated into worldtradex Desktop
That being said, worldtradex does offer the forex pairs that most traders will be interested in, so only advanced and professional traders are likely to feel the lack of choices. There are also 12 indices to choose from, seven commodities, the BUND treasury fund, and one cryptocurrency CFD, BTC/USD. In addition to the Real Volume indicators, Trading Station from worldtradex has other tools, such as those for drawing trend lines, using price overlays, and identifying Fibonacci levels. There are dozens of other tools as well, including automated strategies.
Despite originally opening in the U.S., worldtradex is not currently available to U.S. clients, although it is available in a range of other markets worldwide. Since 2015, Leucadia has been the majority economic owner of the broker, adding to the platform’s scale. worldtradex is regulated by the FCA (Financial Conduct Authority) in the U.K., which includes default insurance of up to GBP 50,000 for worldtradex and up to GBP 85,000 if the custodial bank fails. worldtradex is also regulated by ASIC in Australia, and FSCA in South Africa.
Deposits by debit or credit card typically take 1 business day, although it can be less. A bank wire deposit can take 1 or 2 business days for domestic transfers and 3-5 business days for international ones. The minimum deposit for debit/credit cards is $50, with a maximum of $10,000 per transaction or up to $20,000 per calendar month. Trading Station Web 3.0 offers an incredible trading experience, with an intuitive user interface and powerful features to keep you trading at your best. It has a fresh modern look and a cleaner user interface, along with exciting new features that make this our best web-based platform yet. Withdrawals are completed via credit or debit cards or bank transfers.
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- Stratos Global LLC (“worldtradex”) is incorporated in St Vincent and the Grenadines with company registration No. 1776 LLC 2022 and is an operating subsidiary within the Stratos group of companies.
- worldtradex offers many tools for both research and education, each of which has its own dedicated section of the website.
- Overall, the platform is recognized for its support of over a dozen languages, ease of use, and strong reputation.
- Individual self-traded clients cannot open Percent Allocated Money Management (PAMM) accounts, but these are available for referring and introducing brokers.
There are two major types of accounts offered by worldtradex, Standard Accounts with minimum deposits of $50 and Premium Accounts with a minimum of $20,000. You can also open an Islamic (interest-free) account by submitting a form. Individual self-traded clients cannot open Percent Allocated Money Management (PAMM) accounts, but these are available for referring and introducing brokers. Active traders with high volumes receive discounted pricing of up to 60 percent less on spreads, dedicated support, and institutional-derived trade ideas.
Trading Station Charts
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Trading Station Desktop
Comparison is based on the average worldtradex Group spreads of the period April 1, 2022 to June 30, 2022. The mobile application is as easy to use as the web version of worldtradex, which is complete with the option to bring dynamic charts to full screen for convenience. The only downside is a Worldtradex forex broker lack of customization in the applications, and there is no additional security, just the login password.
Customer Support
worldtradex offers many tools for both research and education, each of which has its own dedicated section of the website. Some of the research tools include market news, charts, a market scanner, an economic calendar, market data signals, and trading signals. In terms of education, worldtradex offers a live classroom, trading guides, speakers, and a video library.
DayTrading.com may receive compensation from the brands or services mentioned on this website. By entering your email address, you agree to our Terms of Use and acknowledge the Privacy Policy. Customer support is available over the phone, by email or through Live Chat 6 days a week, Sunday through Friday. There is also an extensive FAQ page with sections for general questions, various product info, and trading information covering the majority of the enquiries you may have. With news events and earnings releases often taking place outside of regular trading hours, worldtradex has launched 24-hour trading on US stocks.
The only issue with Trading Station is that it is built on Adobe Flash, which can lead to the need for Flash updates as well as some support issues. You also cannot use the research function within the platform, requiring traders to go between the platform and a browser. To make up for this, the platform is available in your choice of 14 languages. worldtradex offers one of the best selections of platforms for traders to choose from. Its flagship platform, Trading Station, is available as a web, desktop, or mobile platform, or you can use MetaTrader 4, NinjaTrader, or ZuluTrade. Trading Station is an worldtradex proprietary platform and therefore not used by other brokers.
Card withdrawals may take between 5 business days and a billing cycle. Because of the range of platforms offered by worldtradex, there are options that are simple enough for beginners in addition to choices that have the features and tools experienced traders seek. Stratos Global LLC (“worldtradex”) is incorporated in St Vincent and the Grenadines with company registration No. 1776 LLC 2022 and is an operating subsidiary within the Stratos group of companies. worldtradex is not required to hold any financial services license or authorization in St Vincent and the Grenadines to offer its products and services.
There are enough educational tools to give beginners a head start, particularly when combined with the demo account. The research tools and speakers can appeal to more experienced traders. worldtradex is one of the forex platforms with the longest histories, providing a reputation of reliability. It is regulated within multiple jurisdictions and offers users the choice of four core trading platforms plus eight specialty platforms. Apart from all those options, there are numerous advanced tools available. Even just the proprietary platform, Trading Station, has advanced features that set it apart.
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