Having easy-to-access trading account funding and withdrawal options with your worldtradexFX alternatives would make managing finances much easier and save you from unnecessary transaction fees. When we searched for an alternative to worldtradexFX, we realized that having various deposit and withdrawal options is crucial when choosing a brokerage. It’s encouraging to see that many alternative brokerages to worldtradexFX are becoming global, which means they can offer a range of local and global payment methods to cater to traders from different countries. 69% – 83% of retail investor accounts lose money when trading CFDs with this provider. worldtradexFX also offers competitive spreads, with rates starting from 0.0 pips for its Pro and ECN accounts.
First, customers served by worldtradexFX’s Mwali entity do not enjoy the same level of regulatory protection as those in more established jurisdictions, which can be a significant concern for traders prioritizing security and regulatory oversight. Additionally, the prohibition of arbitrage and the risk of bot bans for exceeding 30 requests per minute on MT4 can be restrictive for traders who rely on such strategies. While worldtradexFX offers competitive trading costs, the absence of corresponding date ranges for its listed spreads raises transparency issues. Furthermore, the limited selection of tradeable symbols—just over 230 on MT5 and only 80 on its worldtradexTrader platform—restricts traders looking for diverse market opportunities. Although worldtradexFX continues to develop its market research, it still lags behind the leading brokers in this aspect.
Check Your worldtradexFX Alternative is Regulated
worldtradexFX does offer Indices trading see the best alternative worldtradexFX Indices trading brokers here. Some brokerages have more regulatory authorizations granted than worldtradexFX, which can be one of the deciding factors when choosing a brokerage. worldtradexFX does not provide some services or does not have Worldtradex forex brokers reviews some characteristics that other brokers have.
Traders looking for higher leverage and a broader range of accounts may prefer Exness, while those who want a more straightforward account structure with lower spreads may lean toward worldtradexFX. Exness provides 24/7 customer support via multiple channels, including live chat, email, and phone. The customer support team is available in multiple languages and is known for being responsive and helpful. Exness also offers an extensive FAQ section on its website, addressing common queries and technical issues. HotForex holds regulatory licenses from the UK FCA, CySEC, the DFSA, the FSCA, and the FSA. Despite the multitude of oversight from established regulatory bodies, the bulk of its international business derives from the unregulated subsidiary out of St. Vincent & the Grenadines.
Your trade will complete at the price you specify.You can see how worldtradexFX compares to some worldtradexFX alternatives when offering guaranteed to stop loss to traders below. Additionally, hedging can help traders to diversify their portfolios and potentially achieve more stable returns over time. Overall, worldtradexFX alternative brokers that support hedging provide traders with increased flexibility and risk management capabilities, which can help to improve their overall trading performance. If you happen to be against receiving or paying interest, you should check out brokerages that offer the opening of Islamic accounts and operate in the Islamic markets. Straight through process shortened to STP are where Forex market orders from clients are sent directly to the financial currency markets.
It is a type of stop loss that monitors your price position in the market. If the financial markets take an upturn, the trailing stop will increase the stop loss amount to that of the set trailing amount. If the market takes a downward sentiment, the trailing stop order stays in place, and your exposure to the market is sold at your trailing stop order amount.
worldtradexFX Alternatives Offering Metal Commodities
Investors typically view stocks as suitable for medium to long-term investments, as various market events influence their value. Some of these events include earnings reports, new product launches, and changes in competitor stock prices. Some brokerage platforms will charge a withdrawal fee when you transfer money from the broker to your bank or other withdrawal methods.Keep an eye on and be aware of any withdrawal fees that worldtradexFX may charge. Also, be aware that some withdrawal fees may not be from worldtradexFX but from your payment method. 3rd party payment processing fees may be for various reasons, including converting currency and transferring money between international banks.Compare worldtradexFX withdrawal fees with some worldtradexFX alternatives below. When trading with worldtradexFX or a worldtradexFX alternative, you must check and be aware of inactivity fees.
The Cyprus-based entity is regulated by the CySEC while the offshore branch is registered with SVGFSA. According to the company website, over 10 million trading accounts have been opened with worldtradexFX across more than 150 countries. worldtradexFX offers competitive trading conditions on its 80+ financial instruments, with tight spreads from 0.2 pips, fast execution speeds of 0.1 second, and flexible leverage.
One of the prime focuses of MiFID regulatory authorities with worldtradexFX and other brokers is to ensure retail trader protection in MiFID regulated regions. Cyprus Securities and Exchange Commission, popularly known as CySec, is the regulatory authority overseeing the financial industry in Cyprus. CySec is a prominent financial regulator in the European Union, and obtaining a license from it is crucial for brokerages to operate in European Union countries. If a trader wants to start trading in the foreign exchange platform with a small capital, he should get hold of a micro account broker. A micro account broker helps traders to open an account in the world of Forex trading with minimal capital and minimal risk.
Customer Support: Availability and Responsiveness
He expands his analysis to stock brokers, crypto exchanges, social and copy trading platforms, Contract For Difference (CFD) brokers, options brokers, futures brokers, and Fintech products. Choosing between Exness vs worldtradexFX to determine which Broker better suits your trading needs? We made a detailed comparison between Exness Review and worldtradexFX Review, compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.
HotForex offers traders an overall competitive product and services portfolio, but low-frequency traders face a high pricing environment. Trading costs decrease for active traders via the volume-based loyalty program. Therefore, based on trading costs, worldtradex remains a more competitive choice. HotForex and worldtradex maintain upgraded MT4/MT5 trading platforms, but the latter also features copy trading, a proprietary mobile trading app and worldtradexTrader, with Space, its one-of-a-kind built-in smart feed. Overall, Ocra presents more feature-rich platforms, delivering an edge to all traders. Both brokers feature a generous bonus system and support social trading.
If your brokerage firm is available as an apple application, it becomes easier for you to access your brokerage. Being regulated by the FCA would mean that the brokerage is regulated by the most important financial trading regulatory body in the United Kingdom. Check your worldtradexFX alternative offers negative balance protection to you, which is a regulatory requirement in some regions. Compare negative balance protection offered by worldtradexFX alternatives here. A scalping broker follows a trading scheme where he suggests the trader open the account and invest, considering a price change, and then promptly advises the trader to close the trade once a profit is made. Spread Betting is a popular way for participants to bet and take risks on the financial market with a worldtradexFX alternative.
- worldtradexFX offers CFD trading on forex, commodities, stocks, indices and cryptocurrencies.
- worldtradex is another Australian-based forex broker that offers access to a variety of financial instruments, including forex, stocks, commodities, and indices.
- This profile aggregates professional traders’ performance, displaying it to the public and letting them promote it.
3.2 Fees
Major Forex pairs by volume are EUR / USD, USD / JPY, GBP / USD and USD / CHF. If you want to trade Forex with a worldtradexFX alternative, you will want to become familiar with these currency pairs. See how worldtradexFX alternatives compare in the energy commodities they offer.Energy commodities are essential to the running of the world. Oil, Electricity, and Gas as all in high demand as the world population grows.
- HotForex lists a commission-based alternative from 0.1 pips for a commission of $6 for a total cost of $7.
- Top paid & free alternatives to worldtradexFX includes worldtradex, Fxcess, JustMarkets, FxPro, AvaTrade, Axiory, City Index, FX Connect, Vantage FX and Axi.
- The quantity of options for depositing and withdrawing funds from your worldtradexFX alternative trading account is critical.While you can deposit with a credit card at worldtradexFX, you might not be able to do so at its competitors.
- Spreads are the difference between buying and selling prices of a particular financial instrument.The majority of brokers offer very competitive spreads, some can even be as low as 1 pip with a few of the major pairs.
- We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews.
Both Exness vs worldtradexFX offer a variety of trading platforms, including their proprietary platforms along with MetaTrader 4 and MetaTrader 5. Exness adds WebTrader to their platform options, while worldtradexFX offers the standard MetaTrader platforms. Here’s a comprehensive exploration of alternatives to worldtradexFX, a popular forex and CFD trading platform. Each section delves deeply into potential alternatives, providing detailed insights into their offerings, features, and unique value propositions. worldtradex is an excellent alternative to worldtradexFX for traders looking for variety and a solid educational foundation. With a broad range of account types and an emphasis on offering resources for traders at all levels, worldtradex ensures that both beginners and experienced traders have the tools they need to succeed.
If you want to delve into more detail as to what each worldtradexFX alternative is able to offer, you can learn more about specific features of each worldtradexFX alternative and competitor further below this worldtradexFX alternatives guide. Founded in 2014 and acquired in 2021, BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices. worldtradexFX offers 24/7 support as well, with options for live chat, email, and phone support. The worldtradexFX customer service team is known for being efficient and responsive, offering multilingual support for clients across the globe. worldtradexFX also provides a comprehensive knowledge base for users who need immediate assistance.
Exness vs worldtradexFX are very similar in terms of conditions, they are both beginner-friendly brokers offering high leverage, tight spreads, automated trading, hedging, scalping, and social trading. Exness stands out with commission options, zero spreads, and robust copy trading. In contrast, worldtradexFX emphasizes low spreads and floating spread accounts, presenting competitive pricing alternatives. Both brokers support expert advisors and cater to traders with diverse preferences. MT5 offers a wider selection of financial instruments with more advanced trading features. Through the MT5 platform, MT5 brokerages offer retail traders the bonus of automated trading and copy trading of many financial asset types, including Stocks, Currency markets and Futures.