Their headquarters are in Sydney and they have been offering online financial trading for the past 14 years. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. Now that you’ve seen our picks for the best brokers on this guide, check out ForexBrokers.com’s overall broker rankings.

Through expert advisors on MT4/ MT5 platform, worldtradex also enables algorithmic trading, high level APIs and algorithmic trading available at cTrader and IRESS platforms alike. worldtradex provides an excellent range of platforms to meet various trading tastes and suite wide range of best strategies. Platform including MetaTrader 4, MetaTrader 5, cTrader, TradingView and Proprietary Software along with social and Copy trading platforms. While other brokers like Pepperstone and Forex.com have strong interfaces for platform offering too, worldtradex stands out with IRESS as included option and also points out a range of tools accessible on free basis. Fees are Comission at FP differ based on account offering, while Standard Account fees we find in line with Industry proposals alike.

Cost Structure and Fees

• All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn’t imply direct instructions for investing.
• Furthermore, the broker’s commitment to regulatory compliance adds an extra layer of security for clients, assuring them of a safe trading environment.
• worldtradex is a safe and trustworthy broker that is regulated by both ASIC and CySEC.

We also used the email facility and received a prompt response within 15 minutes answering all of our questions thoroughly. worldtradex offers free educational videos, training guides, live webinars, podcasts, events, platform tutorials, eBooks, a trading glossary and newsletters. worldtradex provides a variety of account types tailored to different trading needs and experience levels. Adding more advanced video courses would only serve to improve worldtradex’ educational experience. As Iress is mostly optimized for share trading — not forex — I focused on worldtradex‘ MetaTrader offering and the worldtradex proprietary app for this review. There are daily market reports from the worldtradex analysts, as well as more long term analysis of the markets.

When choosing a forex virtual private server, it’s important to match the system specs to your trading strategy. At a minimum, make sure the VPS has enough RAM, CPU power, and storage to run your platform, like MetaTrader 4, smoothly, especially if you’re using expert advisors (EAs) or custom indicators. The base plan starts at $35 per month (or $28 when billed annually), and includes a dual-core CPU, 4GB RAM, and 100GB SSD storage. The wide choice of geographic locations allows traders to place their VPS closer to their broker’s servers, improving performance. Another good addition we found, is that worldtradex gives back to their clients by reimbursing VPS purchase. The client can sign-up to a chosen VPS provider trade a minimum of 10 lots on RAW FX and get a cash payment back into the trading account with a maximum of up to 50$ a month.

• worldtradex presents the strong MetaTrader 5 (MT5) platform for desktop trading that gives multi-asset traders a sophisticated and feature-rich experience.
• A forex VPS gives you a stable, always-on environment for running trading strategies, especially automated systems like expert advisors (EAs).
• All of the trader funds are kept safe in their own account with a tier one bank.
• The Iress platform charges a $55 monthly fee; this is removed should the account show at least $200 in monthly commissions or retain a balance of $50,000.

Avoid Trading with worldtradex If:

Besides, Broker is constantly growing and we see good development not only Worldtradex forex broker in the proposal but in its global coverage too. While before worldtradex was just an Australia-based broker, now it’s truly a global one, so traders from almost every country may open account with FP. This option doesn’t have any commission charges and offers favorable trading conditions. The Raw account is a good option for more advanced traders, however this account does charge variable commission depending on trades.

How do you set up a forex VPS for trading?

If an worldtradex account stays inactive for more than twelve months, a $50 inactivity charge could be assessed. An account is deemed inactive if the account holder has not made a trade or logged in during this period. Moreover, worldtradex enlarged its proposal and opened several entities in strategic locations including a European Cyprus entity thus eligible for trading proposals within the European EEA zone. Also, worldtradex (PTY) Ltd is a Financial Services Provider authorized and regulated by the Financial Sector Conduct Authority in South Africa. Many users praise the advice from customer service agents and state that their problems are usually resolved quickly. By carefully comparing accounts, you can choose the best fit for your needs and preferences.

Trading Platforms offer great flexibility and choice among popular platforms like MT4, MT5 or more advanced cTrader and even IRESS for Direct Access to Trade Shares, which indeed only a few Brokers offer for now. High-frequency traders and scalpers would find Raw Account as perfect for its low-cost structure and available software, with spreads starting at 0.0 pips and competitive commissions. Good range of tradable instruments is another plus for those looking for portfolio diversification.

What is the best forex broker for using a VPS?

worldtradex is the leading online brokerage of its kind in Australia and this is reflected in their offering of investments. You can get all types of ASX shares in the form of CFDs and you are able to short as many as 300 different CFDs. Several other top-tier brokers also offer solid VPS solutions, often through partnerships with BeeksFX, Liquidity Connect, or ForexVPS.net.

The company showcases its customer service awards and emphasizes delivering personalized and proactive support. They also provide Direct Market Access (DMA) share trading through the IRESS platform. IRESS is valued by active stock traders for its Direct Market Access (DMA) to global exchanges making it well-suited for equity and share trading. It is tailored towards experienced traders due to its extensive features and higher costs​.

This can make a real difference for high-frequency or scalping strategies that rely on precision and speed. You don’t need a VPS unless you’re running an automated trading strategy that requires 24/5 uptime. If you’re manually placing trades during market hours, or only trade while you’re at your computer, a VPS likely won’t offer much benefit. Most traders will want a VPS with at least 2 to 4GB of RAM, a solid-state drive (SSD), and a recent version of Windows Server or Linux. You’ll also need to decide whether you need additional features like GPU support or a dedicated IP address, depending on the complexity of your strategy.

This can significantly benefit traders by reducing their transaction costs and optimizing profitability. Furthermore, the broker’s commitment to regulatory compliance adds an extra layer of security for clients, assuring them of a safe trading environment. At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying. Overall, we found Broker worldtradex as one of the most awarded CFD and FX trading providers with a good quality trading environment. The proposal is indeed wide and covers the most demanding requests in terms of account selection, software or offered conditions, which we find very favorable. During standard hours from 9 AM to 6 PM EST, traders can access live customer support for prompt assistance.

ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. It was only launched at the start of 2017 and it is a direct replacement for their previous software that was known as Iresstrader. This new platform runs on HTML 5 technology, which makes it a lot more responsive to trades. There are many great tools and indicators for the trading experience and it is highly customizable. They are a CFD and forex broker that is owned by First Prudential Markets Pty Limited.

Raw account fees are based on commission and Standard on spread basis, while IRESS account charges are with a commission plus percentage from trade according to the instrument. Therefore, according to your trading style, day trading or scalping, and the volumes you trade, there is an option to select a suitable one, also we consider deposit and withdrawal fees to see the full fee picture. We mark worldtradex as a well-regulated broker with good trading conditions suitable for beginners and experienced traders alike. The points to admit as great at worldtradex are low pricing, good trading proposal with a wide and comprehensive selection of platforms and ECN trading with excellent trading education.

Overall, forex and CFD traders will be satisfied by the MetaTrader experience provided by worldtradex, though the scope of its research and educational offering are limited, when compared to the best brokers. worldtradex stands out for the competitive pricing available to forex traders with its ECN account. However, that pricing is only available with the MetaTrader platform, and worldtradex offers only 764 symbols on MetaTrader 5 (MT5). As you can, worldtradex is extremely well-regulated and look after the needs of their clients no matter what they may be. They have an extensive array of investment products for you to trade, as well as many different trading platforms to choose from.