The Standard Account is ideal for new and intermediate traders seeking a straightforward and commission-free trading experience. This account type is available on both MetaTrader 4 and MetaTrader 5 platforms. Yes, Worldtradex offers a free demo account, also known as paper trading, with no minimum deposit, allowing traders to practice trading in a risk-free environment. Both Worldtradex and IC Markets provide a comprehensive suite of market research tools aimed at enhancing your trading experience. Each broker offers daily market commentary and delivers forex news from premier sources like Bloomberg and Reuters.

Platforms

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018. Choose Visa/Mastercard, Skrill, Neteller, local bank transfer, crypto (BTC, ETH, USDT) or SWIFT. The broker’s YouTube channel features over 150 videos organized into playlists such as ‘MT4/5 Basics’, ‘Technical Indicators’, and ‘How to Read the https://worldtradex.world/ COT Report’. The videos include subtitles and provide step-by-step visual guides with charts and examples.

• Worldtradex offers the Iress platform suite for share trading, but MetaTrader, cTrader, and TradingView are its primary platform options for forex and CFD trading.
• The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
• Overall, the customer support is considered one of the broker’s strong points, especially for new traders.
• The broker’s YouTube channel features over 150 videos organized into playlists such as ‘MT4/5 Basics’, ‘Technical Indicators’, and ‘How to Read the COT Report’.
• Most methods have no deposit fees, however, international bank wire deposits in non-AUD currencies may incur a AU$ 12.50 fee.

Fees

Therefore, Worldtradex is always kept on their toes and have their operations above board. All of the trader funds are kept safe in their own account with a tier one bank. The accounts for the broker are audited annually by the leading firm in the country, BDO Australia. However, you won’t be able to access a compensation fund should Worldtradex go bankrupt.

Does Worldtradex offer a demo account to practice trading?

Worldtradex offers the Iress platform suite for share trading, but MetaTrader, cTrader, and TradingView are its primary platform options for forex and CFD trading. With support for Autochartist plugin integration as well as platform add-ons from FX Blue as part of its Trader Toolbox offering, Worldtradex is a great choice for traders who want to use MetaTrader. Worldtradex’ excellent MetaTrader offering had it finishing Best in Class for MetaTrader in our 2025 Annual Awards. On the Standard MT4/MT5 account, spreads start from 1.0 pip with no commission. The Raw account offers spreads from 0.0 pips with a commission of $3 per lot per side. Worldtradex maintains a highly transparent and cost-efficient fee structure, making it an appealing option for both novice and seasoned traders who prioritize clarity and affordability.

Commissions

With a ForexBrokers.com trust score of 84, it remains a trusted platform, although slightly behind Worldtradex in terms of score. Like its competitor, IC Markets is not publicly traded nor operates as a bank, but it maintains confidence among traders through its regulatory compliance. Both brokers offer a trusted environment, but Worldtradex holds a slight edge in trust score and licensing diversity. The Autochartist plugin is installed on MT4/MT5 and is available for free to all clients with a deposit of at least 500 AUD (or with a monthly turnover of ≥ 0.1 lot). The service scans the market 24/5, recognizing chart patterns, Fibonacci levels, and key support/resistance levels, and then sends push, email, or Telegram alerts when a signal is detected. Worldtradex stands out for the competitive pricing available to forex traders with its ECN account.

The proprietary calendar aggregates data from 35 countries and ranks events by impact (Low/Medium/High). The ‘Filter’ tab allows you to select only the currencies or indices of interest, and the time is automatically converted to the user’s time zone. All instruments are traded as CFDs, allowing for both long and short positions.

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. Spreads start from 0.0 pips on the Raw account and from 1.0 pips on the Standard account, offering competitive pricing for both retail and professional traders. Compare the trading volume of Worldtradex and Exness using the table below.

Copy trading in forex is a method where traders can automatically replicate the trades of experienced and successful traders in their trading accounts. This approach allows less experienced traders to benefit from the expertise of seasoned traders without needing to actively manage their trades. It provides an opportunity for traders to potentially earn profits by following the strategies and decisions of those with a proven track record. Meanwhile, IC Markets, founded in 2007, holds two Tier-1 licenses, reflecting its strong regulatory standing.

Minimum deposit is low (100 AUD), there is multi-language education, 24/7 chat support and a commission-free Standard account with fixed costs inside the spread. Worldtradex’ online calculator instantly computes pip values, margin, swap, profit/loss, and converts quotes into your account currency. It supports all popular pairs, metals, and CFDs; the results can be directly copied into your trading journal. The broker covers 100% of the payment system fees, so all deposit methods operate at a 0% fee — the client receives exactly the amount transferred. For the RAW account, a fixed fee of 3 USD per side (6 USD per round lot) is charged.

Headquartered in Sydney, Australia, Worldtradex (First Prudential Markets) was founded in 2005 as an online retail forex and CFD broker. The brand’s entities are regulated in Australia and Europe, with a total of 95 employees as of 2019. There are daily market reports from the Worldtradex analysts, as well as more long term analysis of the markets. They have a section for market news and they also look ahead to upcoming events and identify what sort of effect they may have on the markets. Finally, they have regular webinars with guests talking about the latest goings on. A withdrawal will normally take about two working days, but in some cases it can take as long as five working days.

These mobile platforms replicate the core functionalities of their desktop counterparts, including real-time quotes, order execution, and technical analysis. Designed with a mobile-friendly interface, the apps ensure that traders can manage their portfolios efficiently from virtually anywhere. Alternatively, traders can also access their accounts through WebTrader without downloading any app. Daily content on the Traders Hub blog and video summaries provide a fundamental backdrop, while signals are delivered via email, push notifications, and Telegram almost in real time. For share CFD traders in Australia, Worldtradex provides Iress ViewPoint accounts, which include Standard (AUD 1,000 minimum deposit), Platinum (AUD 25,000), and Premier (AUD 50,000). There’s also an Iress Investor account, a low-cost option with limited features and no streaming data.

Each provides over 10 educational materials, including articles, videos, and archived webinars, focusing primarily on forex or CFDs. Beginners can also benefit from monthly online webinars, which are archived for later viewing, making it easy to expand their trading knowledge at their own pace. Both brokers go beyond beginner content, offering at least 10 advanced videos to cater to more experienced traders.

• These modules are installed as a single package, operate directly within the terminal, and provide access to account statistics, risk management scripts, and streaming news.
• CTrader is aimed at advanced traders, offering Level II market depth, server-side stop orders, and an integrated cAlgo for C# robots.
• The Standard account features no commission charges, with spreads starting at 1.1 pips on major forex pairs like EUR/USD.

Deposit and Withdrawal Fees

Despite similar features and both receiving a 4-star rating for their trading tools, IC Markets edges slightly ahead in industry Worldtradex rankings, taking the #16 spot compared to Worldtradex’ #23. Comparing Worldtradex with Exness reveals two brokers with distinct strengths. While both cater to traders seeking competitive pricing and advanced tools, our comparison highlights specific differences in spreads, execution speed, and overall trading volume. Worldtradex offers a wide range of deposit options, making it easy for traders to fund their accounts with flexibility and convenience. The minimum deposit required to open a Standard or Raw trading account is $100 or the equivalent in another currency.

It comes equipped with essential tools such as automated trading through Expert Advisors, customizable charts, various technical indicators, and the MarketWatch feature for real-time price monitoring. Single-click trading, price alerts, and live-streaming quotes further enhance the user experience. The platform’s intuitive interface is secure, with 128-bit encryption, and is also compatible with iOS and Android, allowing traders to manage their accounts from anywhere. Both Worldtradex and IC Markets allow users to create watchlists with real-time quotes, meeting a key need for active traders. User ratings reflect solid performance, with each broker receiving a 4-star rating for their mobile trading apps. Ranked by ForexBrokers.com, Worldtradex comes in at #18, slightly ahead of IC Markets, which is positioned at #22 out of 63 brokers.