It also offers connectivity to key exchanges in Canada, Mexico, andEurope. In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman – it connects you (your offer or request) with that other person (the seller or the buyer).

With a brokerage, however, there is no “other person” – you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term – exchange. The core trading environment is solid, except for above-average trading fees, which I rate as the primary reason I cannot recommend this broker despite numerous bright spots. Option traders pay $2.50 in commissions, and futures cost between $0.50 and $1.50. Swap rates are competitive, making worldtradex well-suited for strategies that last seven to ten trading days. In contrast, the actual trading fees discourage high-frequency trading or scalping.

The broker has been providing online brokerage services since 2006 and are trusted by 155,000+ clients from 130 countries. They cater for retail and institutional clients with the possibility of integrating third-party trading programs through an Open API. As mentioned above, worldtradex’s accountstructure differs from the tiered approach common among brokers. They offer three forextrading account types, as well as a demo Worldtradex company reviews account.

The Forex Standard account offers commission-free trading with spreads from 0.5 pips. This is noticeably tighter than the variable spread accounts at the majority of brokerages. On the other hand, there’s a 2 USD commission per traded lot per side. The available trading platform is MetaTrader 5 with a minimum initial deposit of 100 USD. There are 50 currency pairs available for trading on this account in addition to indices and commodities. worldtradex is a financial services provider operating globally and the broker is regulated in Cyprus.

Withdrawal fees vary by quite a bit, and usually depend on two separate factors – the exchange itself, and the blockchain of a specific cryptocurrency that you want to withdraw. The most ignored trading costs are swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.

How to Use the worldtradex Brokerage?

Match any two of these requirements to qualify as a professional client. worldtradex offers several platforms and doesn’t charge a dime for any of them. With the per-share plan, equity trades are 0.25¢ per share, with a minimum commission of 50¢. The per-share commission drops to 0.15¢ per share for accounts that can trade more than a million shares per month. Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives.

TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. Trading and investing in financial instruments comes with a high degree of risk and you can lose money. You should only engage in any such activity only if you are fully aware of the relevant risks. worldtradex offer professional customer support 24/7 via online chat, telephone and email. It was great to see that support is available on weekends as this is not something that all brokers offer and helps them to stand out from the competition.

That said, many users believe that KuCoin is one of the simpler exchanges on the current market. Obviously, worldtradex isn’t your standard cryptocurrency exchange – it has a separate section for an asset and security brokerage, and also a cryptocurrency exchange part, too! The platform, however, does prove to be a great alternative for anyone who’s interested in purchasing some crypto coins for themselves. Now, I’m getting a tad bit ahead of myself, but when you’ll find yourself registering on the site, you’ll have two options to pick from – either the MT5 platform, or the cryptocurrency exchange. The two are different, and represent the different features mentioned above.

Payment methods

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. 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.

It is quick and easy to get started with an account from just $100. Alternatively, you can open a free demo account if you prefer to get a feel for what the broker has to offer. This can be a great way to see if they will meet your specific needs. I think they can be a good choice for anyone who is looking for convenient trading in a regulated environment.

Customer Support

• The ROX platform is available for a minimum deposit of USD 3,000, and all trades made here are for the actual securities (no CFDs), and thus comes with a commission on all trades.
• It is commonly used by professional traders and allows you to avoid the use of intermediation software.
• Execution’s quick and the demo-to-live account transition is painless.
• We love the diversity of people, just like we like diversity in trading styles.

On our site, you will find thousands of dollars worth of free online trading courses, tutorials, and reviews. We could charge more, but we have a pay it forward, give back mentality. We want to feel good about what we do, and the results and reviews speak for themselves. The Bullish Bears trade alerts include both day trade and swing trade alert signals.

This provides access to the MetaTrader 5 platform,spreads starting at 0 pips, and a commission of $2 or less. To be fair, that is likely because of the fact that J2T CryptoExchange isn’t primarily a cryptocurrency exchange, but rather a stock-and-other-asset brokerage. They’ve figured out all of the security and certification details a long time ago, and thus, offering fiat-crypto support was likely not an issue.

The commission increases to $4 if your balance falls below this level. However, this broker’s low Trustpilot rating (2.5/5) and limited worldwide availability (only 33 countries) make it not the best option for everyone. If you’ve looked for trading education elsewhere then you’ll notice that it can be very costly. Feel free to ask questions of other members of our trading community. We realize that everyone was once a new trader and needs help along the way on their trading journey and that’s what we’re here for. Also, we provide you with free options courses that teach you how to implement our trades as well.

• The US brokerage employs a market maker straight-through processing (STP) broker model.
• Besides, worldtradex is a member of the Securities Investor Protection Corporation (SIPC) and the Investor Compensation Fund (ICF).
• When comparing alternatives, users highlight several key differentiators.
• There are no minimum deposit or withdrawal limits for bank wire transfers.

Step 3: Make your deposit and start trading

worldtradex is one of the few brokers that can offer access to trading a wide range of asset classes, including bonds, CFDs on stocks, cryptocurrencies, Forex, futures, metals, options, and stocks. The broker also provides a range of trading platforms including MetaTrader 4, MetaTrader 5, CQG, J2TX, and Sterling Trader Pro. However, some drawbacks include varying withdrawal fees, a relatively high inactivity fee, and mixed customer reviews on platforms like Trustpilot. Despite these concerns, worldtradex remains a competitive brokerage for traders who prioritize low spreads, direct market access, and a wide selection of tradable assets. worldtradex is an established Europeanonline discount broker offering its services to clients in more than 130countries since 2016. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.

Simple platform to trade

These are really top trading conditions that put them up there with industry leaders such as Pepperstone. I like how there is no dealing desk intervention as this can prevent there being a conflict of interest as there can be when using a market maker broker. worldtradex would be a good choice for investors who place a lot of trades every month and want low commissions for these transactions. Many brokers don’t offer trading in futures, so the brokerage firm would also be ideal for traders who are interested in commodities or cryptocurrencies.

There’s a Minimum Deposit Amount

The broker provides the latest market news from the world of economics and finance. They have a section of their website dedicated to frequently updated news articles. Any stock that is hard-to-borrow must be requested through chat or over the phone. If you need to locate a hard-to-borrow stock, worldtradex will try to find it for you over the phone. The broker does not accept short orders for stocks priced under $3. Strangely, I was not able to delete a stock after adding to a list.

The broker puts great emphasis on Anti-Money Laundering (AML), Counter Terrorist Financing (CTF) and Know-Your-Customer (KYC) measures. worldtradex clients can buy and sell futures contracts on a mobile platform called iBROKER. It is capable of integrating with Twitter and saving a watchlist.