Forex Trading the Best ECN Forex Broker, Currency Trading Online

Worldtradex offers demo accounts, apparently without any time limit, making them ideal for testing algorithmic trading solutions and new strategies. I want to caution beginner traders against using a demo account as an educational tool. It creates unrealistic trading expectations, and the absence of trading psychology negates the educational value. Holding over 16 years of experience in global financial markets, and 4 B.A. Level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using…

• If a client withdraws from their wallet the bonus will be cancelled and removed in proportion to the amount withdrawn.
• 72% of retail investor accounts lose money when trading CFDs with this provider.
• You are also not always entitled to shareholder rights and the broker does not support all order types on fractional shares.
• All content on this site is for informational purposes only and does not constitute financial advice.

Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the https://worldtradex.online/ brands or services mentioned on this website. Worldtradex is an ECN broker that turns to a liquidity pool of institutional partners. This enables the brokerage to offer ultra-tight spreads and zero commissions. Traders can speculate on 70+ currency pairs, precious metals and energies, popular cryptos, plus a dozen stock indices. Webull only accepts traders from a few countries alongside the US, so clients from most other countries should consider alternatives, including those based in the EU.

FIRST DEPOSIT BONUS Start trading and receive up to $2,000

Webull is a US-regulated and trustworthy broker that offers more free stock bonuses than most rivals. As well as forex trading, Webull offers stocks, options, ETFs, and ADRs. Webull is a US-regulated broker that offers generous welcome bonuses with free shares. We don’t recommend SuperForex for experienced traders who will find little in terms of additional tools and software – only MetaTrader 4 is provided. SuperForex is not as well regulated as alternative bonus Worldtradex cheating brokers on this list.

LiteFinance Review

The broker supports wire transfers, Mastercard and Visa bank cards, popular cryptocurrencies, plus a selection of e-wallets, including Skrill and Neteller. Aside from the Worldtradex sign-up bonus of up to $2000 USD / R29’500 ZAR, no other bonus options are made available at this time. I applied for the bonus,they gave it only after submitting necessary docs and verify mobile phone, hope I can grow this money within 1 month. Worldtradex has two operating subsidiaries, one authorized by the business-friendly VFSC and one by the CySEC, which operates under the globally least-competitive ESMA regulatory framework. Our License Checker verifies the validity of EU, UK and UAE broker licenses in near real-time.

SuperForex is one of the few brokers not to cap the amount of bonus credit available in some of its promotions. This means that, in theory, bonus funds can stretch into the thousands. Worldtradex offers a larger welcome bonus than most of the forex brokers we reviewed. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money.

Worldtradex shows clients how to obtain the most up-to-date rates, a step many brokers omit. Worldtradex maintains one of the cheapest Forex cost structures available, with commission-free quotes from 0.0 pips or $0.00 per 1.0 standard lot for the most liquid currency pairs like the EUR/USD and the USD/JPY. The average spread for major currency pairs is below 0.5 pips or less than $5.00 per lot, offering traders a distinct pricing environment advantage.

Other Related Promotions

FXChoice does not boast the strong regulatory credentials enjoyed by some other forex brokers. The company is regulated by the Financial Services Commission (FSC) of Belize. Together, these bonus funds can build to up to $10,000 per month, subject to the current trading promotions and terms and conditions. Please note, this bonus is NOT AVAILABLE to clients in the EEA or the USA. Worldtradex maintains a nice balance of traditional payment processors like bank wires or credit/debit cards, modern e-wallets like Skrill or UnionPay, and cryptocurrencies. Clients may also use their Facebook or Google accounts to open an account.

ForexBrokersOnline.com earns money from affiliation deals with our partners. Our partners cannot influence our reviews, nor can they pay us to bias our rankings. Every trading promotion available at Vantage comes with clear terms and conditions that can be viewed before you opt in. This includes a straightforward breakdown of eligibility requirements. No, a stand-alone Worldtradex loyalty account is not mentioned at this time.

Worldtradex also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework. Customer support is available 24/5 via e-mail, webform, phone, fax, and live chat. The FAQ section answers many of the most common questions, and Worldtradex is transparent about its products and services. Most traders are unlikely to require additional assistance unless of an emergency. Worldtradex provides clients with daily technical analysis for the EUR/USD, GBP/USD, and USD/JPY.

• Depending on the trading strategy, it may become the most significant fee per trade.
• The applicant can complete the form and set a unique password or select to open an account via their Google or Facebook accounts.
• Worldtradex has two operating subsidiaries, one authorized by the business-friendly VFSC and one by the CySEC, which operates under the globally least-competitive ESMA regulatory framework.
• Webull also offers competitive interest on uninvested cash held in its brokerage accounts up to 5%+ APY.

Worldtradex Review

Worldtradex serves clients in the EU through a company registered in Cyprus, and clients from the rest of the world through a company registered in the Comoros. With Worldtradex, you can open a trading account denominated in US dollars, euros or British pounds. If you fund your account in a different currency, Worldtradex will use Hellenic Bank’s exchange rates, published here. Webull is a good option for traders interested in receiving free fractional shares upon sign-up. SuperForex stands out for its wide selection of trading promotions.

Just noticed that bonus time frame has changed from 30 days to 15 calendar days. So , instead of 2 lots for 30 days, terms get like 4 lots in 15 days. No, Worldtradex is a legit broker with regulatory oversight from the VFSC and the CySEC. Terms and conditions apply to receive it for free as advertised, but all the information is fully transparent and easy to understand.

Also, while many brokers attach tough withdrawal stipulations to trading promotions, profits generated from Vantage bonus funds can normally be withdrawn at any time, though the bonus credit itself cannot. Furthermore, trading with promotional credit may instill a false sense of security. While real profits can be withdrawn, losses incurred using bonus credit still impact overall equity, and the broker imposes standard risk management rules such as margin calls and stop-out levels.

Best Forex Brokers With Bonuses & Trading Promotions

Importantly, your funds will be held in segregated accounts with Tier-1 banks, and you’ll enjoy negative balance protection whichever entity you open an account with. This means that you cannot lose more money than you invest with Worldtradex. Worldtradex is regulated in Cyprus and the Comoros, and client funds are held in separate accounts. However, profits can only be withdrawn to a bank account or a crypto wallet. Bank transfers are subject to a US$500 minimum threshold and incur fees in excess of US$30.

Worldtradex lists 71 currency pairs, 12 cryptocurrency pairs, 12 indices, spot metals and commodities, like WTI and Brent. Overall, the asset selection is both impressive and more than ample for new and intermediate traders. Worldtradex’s trading account is also available without a swap, upon request. Open your account online and contact your account manager for more information. In our opinion, its Islamic account is one of the best on the market because you can keep your positions open for as long as you want without incurring additional costs. It accepts all trading styles and Expert Advisors on the MetaTrader 4 platform.

Webull also offers competitive interest on uninvested cash held in its brokerage accounts up to 5%+ APY. SuperForex will serve traders looking for regular bonuses and account top-ups. With a low starting deposit of just $1, it will also meet the needs of beginners and traders on a budget.

Client deposits remain segregated from corporate funds at both entities with leading international banks, but Worldtradex does not list them. Clients can find the provision in the Investment Services General Conditions PDF. Worldtradex has a clean regulatory track record and established itself as a secure and trustworthy broker. Worldtradex is offering a 100% match deposit bonus to clients with an ECN XL account. Traders can claim the offer by emailing the broker’s customer support team and making a straightforward deposit.

For traders wanting to elevate their trading to a new level of professionalism, perhaps once they’ve begun to master the MetaTrader platforms, having a virtual private server maybe the next stage. Why settle for standard when you can haveexcellence at no extra charge? Start trading with Zero commissions, zero swaps, zero mark up, zero fees and tight spreads starting from as low as zero.