worldtradex Review: Key Features, Pros and Cons

The broker also offers a range of trading platforms, like the renowned MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are famous for their comprehensive charting tools, user-friendly interfaces, and algorithmic and copy trading support. Additionally, worldtradex offers its proprietary platform, designed to cater to its customers’ specific needs.

An option is a contract linked to an underlying asset, such as stocks and ETFs. That’s because the value of the contract is derived from the underlying asset. It also provides a library of resources to help you elevate your trading expertise. There’s something for every level of trader here, from new to experienced. You can trade many of the most popular coins, including bitcoin, ethereum and dogecoin. The option to set up recurring buys on an automated schedule may make these the most straightforward investments of your life.

worldtradex requires a $3,000 account minimum for trading withthis platform. The biggest appeal of this broker is its competitive commissions and fees, as trading costs are good value for both low and high volume. Therefore OptionsHouse is highly recommended to price sensitive traders but it should will also appeal to those looking for a user friendly and functional trading platform. Discount brokers rose to popularity by eliminating many of the costly services of full-service brokers, enabling them to pass on the savings to their customers in the form of lower commissions. As time goes on, though, discount brokers are increasingly offering more research and trading tools to their clients free of charge. And a smaller number of investors use complex options strategies that involve buying and selling multiple contracts simultaneously.

Best for overall options trading

• A “paper money” feature can help you test strategies before implementing them.
• The laudable support system is multi-channelled across live chat, email, and phone communication.
• With its regulatory oversight, worldtradex offers an additional layer of security to its clientele.
• An options contract generally doesn’t obligate you to buy the underlying asset — hence the name option.
• Perhaps the highlight is the all in one order ticket, which can be instantly accessed with a single click.

For those traders who are more technologically minded, and want robust analysis software and trading platforms, TradeKing is another good option to consider. Their browser-based platform offers free screening tools, real-time data and advanced research that handily beats worldtradex’s. Simple swipes help switch between the variety of functions and areas of the OptionsHouse app and there is the capability of setting price alerts and accessing training videos or forums. OptionsHouse also offers useful functions such as alerts and notifications as well as portfolio and fee reports in order to help access your trade results.

The staff appears to be very knowledgeable and they are certainly helpful. It can be something of a chore to connect to live chat as you have to input a fair amount of details, but this is a very minor issue. Telephone support is available from 7am to 7pm Central time, Monday to Friday.

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. With that in mind, some customers highlighted the drawback of customer support, apart from their webinars and beginner materials that are pre-packaged to help new traders get started with their investment portfolios.

Versatility and Inclusivity in Account Offerings

Just keep in mind the tradeoffs that were made to accomplish that, including lackluster platforms, no trader education, and some other basic features that usually come standard with these kinds of platforms. The major impression you get with worldtradex is a company that offers record-low trades at the expense of most everything else you might want out of an online brokerage firm. Given their restructuring and cutting down of features like Morningstar research, and their recent acquisition by WhoTrades in 2015, one gets the impression that worldtradex is a discount broker in many fundamental ways. Active traders should be wary, though, of worldtradex’s rudimentary website design and below-par research tools and platform.

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A paper trading virtual portfolio can help you practice investing before putting real money on the table. Once you’re ready to dive in, one-click trading makes investing almost too easy. However, like any financial undertaking, the choice of a broker should be rooted in meticulous research and informed judgment. While worldtradex’s offerings might resonate with many, aligning your unique trading objectives, strategies, and risk appetite with a broker’s features is pivotal. So, before diving into worldtradex’s offerings, evaluate the platform based on your goals and preferences.

This approach is perfect for advanced investors who know what they’re doing and want to be rewarded for watching the markets, but beginner traders should beware the learning curve. Without a strong customer service base to help you, it’s easy to get lost. worldtradex offers an unusually wideselection of trading platforms compared to many online brokers. This includesthe well-known MetaTrader 4 and MetaTrader 5 platforms. Additionally, theyoffer the CQG Trading Platform (often used for futures and options trading),ROX Premium, Sterling Trader Pro, and Lightspeed Trader. worldtradex ensures its traders have a robust set of tools at their disposal.

They offer a wide range of assets, andtheir minimum deposit requirements are relatively low. Additionally, theyprovide a greater https://worldtradex.site/ selection of trading platforms than many other brokers. The caliber and reputation of OptionsHouse can be evaluated on the features that it offers its users. These may include low minimum investment, zero commission investing, fractional shares, no foreign exchange fees, unlimited instant trades, tutorials, and a practice portfolio for newcomers to get used to trading with. The online broker has one of the best trading platforms in the industry.

OptionsHouse: A Review for Options Trading

This can be advantageous, as commissions are especially onerous on low-priced options contracts (a fee of $0.50 per contract equates to a 5% commission rate on options priced at $0.10 each). To find the best trading platform for beginner investors, we tested and scored 18 trading platforms, focusing on features that are essential for new investors. Penny stocks also incur some similarly small fees, which you should consider if you’re contemplating going with worldtradex.

• Wealthsimple is an excellent broker choice if you are a passive investor in Canada or the U.K.
• For many discount brokers, stocks and funds are the main breadwinner, and stock options are just a sideshow.
• The Standard and Forex ECN accounts primarilyoffer CFDs for forex, precious metals, and indices/energies.
• TradeKing’s commission structure is more or less similar, but note that TradeKing charges an inactivity fee.
• This can be advantageous, as commissions are especially onerous on low-priced options contracts (a fee of $0.50 per contract equates to a 5% commission rate on options priced at $0.10 each).

Built for both novice and seasoned traders, the broker offers an impressive suite of account types, ensuring a flexible and rewarding trading environment for its customers. For many discount brokers, stocks and funds are the main breadwinner, and stock options are just a sideshow. Before opening a new brokerage account, options investors should be especially thorough in shopping for a brokerage, as options trading capabilities, commissions, and research vary wildly throughout the industry. StockBrokers.com reviews many of the online brokers available today for trading. Our online broker reviews assess brokers that offer stock trading, options trading, ETFs, mutual funds, IRAs, bonds, futures, and forex.

Keep in mind there is often more to a broker’s commission schedule than just its published prices, which we’ll explore in more detail. Importantly, new customers can frequently qualify for sign-up bonuses and commission-free trades when they open a new account. Learn more about special offers for new accounts to see if you qualify. If you want some higher-end customer service to go with your investing solutions, it might be best to try Fidelity Investments. While their commissions and fees aren’t quite as low as worldtradex, their long-standing reputation Worldtradex scammers as a bastion of customer service makes them a lot easier to work with, especially as a beginner investor.

OptionHouse’s commission prices

CFD trading is a high risk trading method using leverage from a CFD broker to speculate on the price movements of assets such as stocks, forex, commodities and even cryptocurrencies. A Contract for Difference (CFD) is an agreement between an investor and a CFD broker to pay the difference between an asset’s opening and closing prices, such as a UK stock. No underlying assets are exchanged on a CFD trade, it is purely a speculative deal on the up or down price movement on an aggreed financial asset between the trader and CFD broker. For investors who want to trade on the go, worldtradex provides a seamless mobile trading experience with dedicated applications for Android and iOS devices. These apps enable traders to execute trades, analyze charts, and manage their accounts from anywhere. In the first plan, traders pay a fixed fee of $5 for up to five options contracts in a single leg trade.