Also, there are worldtradex entities that are registered in offshore zones like Mauritius, SVG and Seychelles. While our general recommendation is not to trade with offshore brokers as they simply do not regulate Forex trading, due to worldtradex multiple parallel regulations it is considered safe to trade with them. On the other hand, worldtradex has a limited portfolio for EU clients, with only Forex and CFDs being offered. Also, international trading is done via offshore branches with lower requirements, however worldtradex has a good reputation so is considered to sign in. However, the payments we receive can influence the products, companies, or services we highlight and evaluate.
- When you apply for worldtradex, you only need about 20 seconds to fill out the form.
- Deposit and withdrawal fees vary, with specific charges for bank wire deposits below $100 and BitPay withdrawals.
- So far, more than 500,000 live accounts have been opened with worldtradex.
- Limit and stop levels start from 2 pips, and traders canbegin trading with as little as $100 for the minimum deposit.
- For the EUR/USD pair, worldtradex has a spread of 1.4 pips, which is higher than the industry average of 1.2.
Should shares CFD shares be your preferred trading instrument, worldtradex offers a total of 96 shares to choose from with MT4 and 846 with MT5. MT4 shares are derived from NYSE, NASDAQ and EURONEXT exchanges while MT5 also include stocks from exchanges in Spain, The UK, Germany, Ireland and the Netherlands. MT5 has more shares since it is designed to enable trading via decentralised exchanges.
However, they may expand your available margin, allowing you to create greater bets. In addition to the benefits we’ve already mentioned, there are also daily cash rebates of $2 per lot traded, with a maximum limit of $8,000. For those just getting started or finding cards more convenient, the $5 minimum for credit/debit and Skrill can be a favorable entry point.
worldtradex’s Deposits & Withdrawals
The broker also offers negative balance protection, which protects you against going into debt in times of a losing trading position. The safety of a forex broker has a lot to do with what government regulator is issuing the company a trading licence. The CompareForexBrokers team created a trading platform selector so you can work out what trading software best matches your trading needs. I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform.
Withdrawal Options And Fees
Additionally, the worldtradex Premium account is available as a swap-free option, accommodating traders Worldtradex courses scam of Islamic faith. The Zero account provides traders access to all worldtradex trading instruments globally, with a minimum trade size of 0.01 lot. The worldtradex Cent account supports both MT4 and MT5 trading platforms, catering to a range of trader preferences. Additionally, it’s available as a swap-free option for Islamic traders.
Best Brokers
worldtradex offers CFD (Contract For Difference) trading on Forex, commodities, stocks, cryptos and indices. worldtradex is a globally recognized company dedicated to providing several account types and trading platforms, catering to both novice and experienced traders. worldtradex positions itself as a competitive player in the market, offering a compelling proposition to traders. worldtradex offers a good number of Forex pairs, Commodities, iIndices, Equities, Bonds, ETFs, and Cryptocurrencies, allowing portfolio diversification. worldtradex employs a variable spread over its several offered account types. While the Zero Spread account’s spreads start at 0 pip with interbank quotes and trading charges built into comission.
- However, in the context of Cent Accounts, worldtradex’s spreads are more competitive than its competitors.
- MT4 shares are derived from NYSE, NASDAQ and EURONEXT exchanges while MT5 also include stocks from exchanges in Spain, The UK, Germany, Ireland and the Netherlands.
- Since worldtradex operates under different regulations, and all the regulations don’t impose the same leverage options, so the leverage level may fluctuate from country to country.
- The commission is applied on zero-spread accounts of between $3 to $4 per single side and $6 to $8 per round turn.
- The broker allows traders to deposit and withdraw funds with variousmethods.
- In this comprehensive worldtradex Review, we have looked at the worldtradex account types, spread, leverage, sign-up process, deposit, withdrawal methods, and much more.
What is the Minimum trade size of worldtradex?
Hotforex is very good, they are providing great trading conditions for traders, with a competitive spread on forex, a good number of cdfs and cypto to trade as well. I have been trading for past one year now and i can safely say that the pairs offered for trading are reasonable enough to choose the right profitable pair among them. I still count myself as a developing trader so i am only sticking to major pairs for at least one year more. I avoid the CHF one because it is much volatile as compared to others. WIthdrawals does not have much hassles but i try at least one profit withdraw every five days.
Just like any offer, it is crucial to have a clear understanding of the specifics. It is important to carefully review the terms and conditions of both bonuses before deciding. Being knowledgeable about the details of any promotional offer is crucial. The maximum bonus amount is $4,800, currently equivalent to R90,000.
Risk disclosure:
Their Balance Protection Policy safeguards investments, and segregated accounts ensure funds are kept separate from the company’s operational funds, enhancing financial security. Additionally, compliance with FCA and CySEC regulations underscores their commitment to creating a reliable and secure trading environment for users. worldtradex is under stringent oversight, ensuring a secure trading environment. There are nolimits on commissions or on how to manage your business.
But this does not imply that worldtradex is illegal in Nigeria, because there is no legal notice on this as such (or regulation related to forex trading). But it does mean that you are trading with worldtradex at your own risk. Customer funds that are deposited on their website are secured, as the company is regulated by multiple Top-tier market regulators in multiple regions. Moreover, worldtradex also provides insurance cover in case of any security incidents in terms of client funds. Although the traders are registered under their offshore regulation, but the fact that their parent company is well regulated makes worldtradex a low risk Broker.
worldtradex offers both Meta Trader 4, Meta Trader 5 and worldtradex Application trading platforms. Besides, the platforms provide numerous tools and software to ease trading. MT4, MT5 and worldtradex Application are easy to use, so anyone can use them regardless of their experience. Although the minimum deposit depends on the account type, worldtradex offers all the renowned money transaction options except PayPal.
From within their mobile app, any user can click to view the strategy list, where they’ll see the top traders ranked according to their gains. From within your client area you’ll always have the option to launch each platform available to you. HF Markets (worldtradex) is a MetaTrader broker, meaning that their platform is created by the well-known company Metaquotes Inc. When creating an account, users are able to select which platform they want to trade with. HF Markets (worldtradex) has a total asset offering of around 1,200 CFDs and 2,100+ real stocks. Their CFDs portfolio definitely lacks content when compared to major industry players but they definitely compensate for it with their real stocks offering.
It should be noted that the minimum deposit with worldtradex may vary depending on the type of trading account chosen. Considering all this, it’s safe to say Hotforex is a real and trustworthy broker for both new and experienced traders. You can trade efficiently using the Desktop Platform or the WebTerminal, which works on any browser.
