If you’re a US citizen, you can get a regular OptionsHouse account; those outside of the country, however, can still set up a special International Account if they like.

Many of the available trading platforms like MT4 and MT5 have a web platform, which runs through a browser and does not require any downloads. That being said, there are sometimes desktop versions available for which a download would be required. worldtradex has a wide range of markets to invest in, including various securities and derivatives.

What do you need to set up an account at OptionsHouse? Just your name, date of birth, Social Security Number and address. You’ll also need to put in your employer information, which is vital to maintain compliance with industry regulations and the PATRIOT Act.

Account Types

Contact methods include live chat, telephone and email. Our evaluation of worldtradex shows there are limited trading promotions for retail traders. This is common in the online trading industry, and while it may be a disappointment to some investors, we do not rank worldtradex down for this. Our team don’t recommend traders choose a broker based on sign-up https://worldtradex.pro/ bonuses. From on our assessment, worldtradex provides an average offering of market research. There is real-time data to help with trading decisions, including an economic calendar, market news and information on initial public offerings (IPOs).

• Importantly, forex can be traded via contracts for difference (CFDs).
• In other words, worldtradex is for the pragmatic trader seeking simplicity and efficiency.
• The only failing of note is the disappointing research tools.
• worldtradex is a reasonable forex broker for beginners, but not the best we have tested.

The firm may also be suitable for other types of investors due to the range of different trading platforms, although beginners will likely find cheaper deals elsewhere. Credit card withdrawals usually take 5-10 minutes, though some other withdrawal methods can take up to three days. Minimum withdrawal amounts also apply to certain processing methods. Importantly, these times and minimum requirements are in line with most of the industry. worldtradex doesn’t charge withdrawal fees, but external payment providers may have their fee structures.

Based on the platform claims TradeLAB may provide information about the risk and reward nature of the trades. There is also a campaign to become a professional trader which offers a bonus of up to $2000. Other fees to be aware of are the swap fees that are https://worldtradex.blog/ charged on positions held overnight.

Steering Through The Financial Waters with Expertise

Perhaps the highlight is the all in one order ticket, which can be instantly accessed with a single click. This is really easy to use and makes entering orders a really straightforward process. With that said, there is a ‘Contests’ tab in the broker’s platform which can be monitored for the opportunity to win prizes. We rank the broker down when it comes to educational resources.

Deposit and Withdrawals

Based on our evaluation, there aren’t many forex tools to improve the trading experience. The platform offers clear market data and graphs, though we particularly rate the Excel output option and economic calendar, which are useful for planning trades. My only criticism is the fees for depositing funds to the ECN account, which don’t stand up against competitors like Pepperstone which doesn’t charge.

Just as the fees at OptionsHouse should appeal to all options traders, so should the trading platform. It’s completely web-based, meaning nothing to download, and it’s clean and modern looking. It’s simple to use, easy to navigate, and offers plenty of tools and features.

Their demo account is a masterstroke, offering a robust training ground for those looking to hone their strategies without financial risks. worldtradex recently improved its demo trading environment with enhanced features, making virtual trading on it more aligned with actual market conditions. worldtradex has a unique approach to its account types. The brokerage offers Basic and Pro accounts, ensuring that both trading enthusiasts and seasoned investors find an accommodating trading environment. This broker should appeal to most trader types, and their fee structure is certainly attractive to both low and high volume traders.

However, some account types, such as the Forex ECN account, have higher minimum deposits (£200 in this case). The minimum deposit for professional traders is £5,000. Although there are companies with lower minimum deposits, this is still a reasonable amount.

Additionally there are summaries provided for bullish, bearish and non-directional events. There is live quote streaming, current market news, and much more as well. Experienced traders looking for advanced features won’t be disappointed while beginners should have problems getting used to trading while using this platform. We have provided more detailed information about this broker in our review below. We cover all the key aspects, including the costs of trading, the platform, and research and analysis tools. Unlike many online brokers OptionsHouse, as the name indicates, it’s very much focused on options trading.

These can be positive or negative, depending on the asset and whether it is a long or short position. Trading charges on worldtradex vary depending on the account type. In terms of the tools and features, OptionsHouse scores highly here too.