The Web Trading platform provides useful features for advanced traders like single-click trading. Meanwhile, it has limited advanced order functionality and chart views. There is not much different in these account types other than the platform. If you want to trade on MT4, then choose MT4 account, but if you prefer MT5, then choose MT5 account. There are no inactivity fees or charges on deposit & withdrawals.
Key features:
- The broker has various trading tools and analytics, including an worldtradexfx profit calculator, trading calculator, pip calculator, live quotes, and monitoring.
- Generally, the weekly competitions will have a prize fund of $400, whilst the monthly competitions put $1000 up for grabs.
- These typically take 1 day to process or less, though a wire transfer may take longer.
Deposits for worldtradexFX account users must transact in USD ($) and Europe (€). If there is any other currency in the account then it has to be converted into that currency. We offer you several instant deposit methods depending on your country. Major indices represent entire national economies, so you can find trading opportunities by analysing any kinds of political and financial news. Look out for corporate announcements from major companies in the index you are trading or check out the economic calendar to find relevant events.
Suppose your deposit amount is $400, so the number of trading lots should be at least 100, which means you can withdraw the deposit amount after 100 lots. worldtradex offers two platforms—worldtradexTrader and MetaTrader 5 (MT5)—both with a minimum deposit of just $25, making it easy for traders to get started with a low investment. Both platforms feature floating spreads from 0.6 pips, zero commissions, and no deposit or withdrawal fees. Deposits made to trading accounts must therefore be made from bank accounts in your name only. In the case of bank transfers, all requests are processed within 1–3 hours during the working time of the broker’s financial department.
You can further benefit from one click trading, the ability to order directly from charts, and regular price alerts. The slight difference between ECN and DMA in terms of the liquidity provided is that the typical ECN brokers liquidity providers are not known. As a trader, you will find a range of features available at worldtradexFX to suit your needs. Here is a closer look at a few of these features and how they can benefit you as an worldtradexFX trader. Here is a look at a couple of other fees that you may encounter when trading with worldtradexFX.
worldtradex Broker Min Deposit
This is provided both through their own dedicated copy trading platform and a mobile trading app for on the go trading. You can choose to either be a copier, or a “Master Trader” where others will copy you and you will earn a commission. 74% of clients give the broker a 5 star rating, cementing its place as one of the best forex brokers.
- Typically, the spread on a EUR/USD trade might be 1.1 pips, but if the same trade is made through the MT5 Pro account, this might drop to 0.9 pips.
- Tell us and if we have the right information, we will actively support your case through mediation with the broker.
- Each worldtradexFX trading account is assigned a base currency, which indicates the money that you deposit with the worldtradexFX trading platform will be held in that particular currency.
- After clicking on the withdrawal option, next is the selection of the payment methods, and the amount to be withdrawn to get the withdrawal completed.
This account type is a great starter account, though at the moment is not available to EU traders. It is the perfect opportunity to trade in a no-risk environment with virtual funds, but which also perfectly replicates live trading. It is the ideal way to get to know more about a broker or the industry.
In terms of the time it takes, wire transfers can take 3-7 business days to complete, while the other deposit methods are all typically instant. They are available with trading through MT4 and MT5, though the broker does charge an additional mark-up fee to cover for the rollover fee which is not in place. Here you can benefit from the ICF insurance protections provided in the case of bankruptcy or insolvency. This physical office presence is still quite light compared with other major brokers, but worldtradexFX does offer trading worldwide.
Yes, worldtradex organizes promotions regularly to reward existing traders. This is an excellent chance for traders to test out their tactics and potentially earn rewards without the monetary commitment needed. Since worldtradexFX is a market maker broker, the counter party to your trades is their offshore entity worldtradex Markets Ltd. It scammed by Worldtradex should be made clear that you can only withdraw funds to method that was the source of your deposit. For example, if you made deposit using bank transfer to worldtradex, then you cannot withdraw to your Skrill wallet.
What Deposit methods does worldtradex have on offer?
The spreads when trading here are also kept as tight as possible. Although worldtradexFx is regulated by just 2 regulatory bodies, it does business in multiple jurisdictions worldwide. It prioritizes its clients’ account safety by keeping clients’ funds in segregated bank accounts. worldtradexFx employs state-of-the-art technology and advanced security protocols, which includes SSL web encryption and two-step authentication to protect clients’ confidential data.
worldtradexFX Deposits and Withdrawals
The worldtradexFX MT5 pro account is one which they recommend for the more experienced traders. With that said, the minimum deposit here is still low enough for all types of trader to get involved. This is $50 minimum deposit within the EU with the account being available worldwide.
This way, you can make profits just by correctly predicting how an index is going to change. Also, this type of trading allows an indices trader to use leverage, increasing potential profits. The broker caters to the South African market by offering local bank transfers, credit/debit cards, and e-wallets. One notable part of our experience has been worldtradex’s high-caliber customer service. Being informed, accommodating, and readily available around the clock is crucial in the Forex market, which operates 24 hours a day, 5 days a week across regions and time zones.
MetaTrader5 offers some extra tools for those traders looking to carry out analysis on a more granular scale. You can trade through worldtradex with any of the 3 trading platforms that the broker offers. Trading hours are the times when a particular asset is available for trading. With worldtradexFX every asset except for crypto is available for trading on a 24/5 basis, Monday – Friday. This applies to all markets including forex, commodities, and cryptos.
What are the currencies supported on worldtradexFX for minimum deposit?
The minimum deposit to open an account with worldtradex is just $25, making it a low-cost option for traders starting with a small investment. worldtradex implements stringent security procedures to safeguard traders’ capital, such as segregated accounts for customer funds. The broker accepts South African Rand (ZAR) transactions, allowing local traders to deposit, trade, and withdraw funds in their currency. This helpful tool empowers traders by allowing them to perform automated trading methods 24 hours a day, seven days a week, without relying on the availability of their devices.
Unlike many other brokers, the bonus at worldtradex can be withdrawn once you meet the specified trading requirements of number of lots traded. It has a very comprehensive charting package and several technical indicators. worldtradexFX provides well in terms of language choice to traders, though there is a clear focus on the Asian market when it comes to available languages. The platform can be accessed through Windows, Mac, iOS, or Android, and is an excellent and very well-respected trading platform among the community.
It has management systems that ensure that clients do not lose more than initially invested. If account balances become negative due to Stop-Out, worldtradexFx compensates the account by adjusting the account balance to zero, ensuring the risk is limited to only deposited funds. worldtradexTrader offers a fine array of charting tools to allow for a smooth desktop trading experience. From trend lines, to crosshairs, to zoom tools, they offer a broad range for trading optimization. Offering 10+ market indices, worldtradexFx Index trading tries to set up clients for a new experience with an exposure to a broader market. Clients can maximize the opportunity stemming from an availability of popular indices, inclusive of NASDAQ, Nikkei, Euro Stoxx 50 and others.
Filippo Ucchino is the founder and CEO of the brand InvestinGoal and the owning company 2FC Financial Srl. Filippo Ucchino started his trading career in Forex trading in 2005. He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family. The reasoning behind this is likely to do with the stringent ESMA regulations in place and a desire from all the best forex brokers to remain completely transparent and compliant. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors.
Utilizing the worldtradex Demo Account is crucial, regardless of your level of trading experience or desire to improve your strategies. worldtradex is committed to fulfilling the demands of South African traders by providing specialized functionalities that address their distinct specifications. It provides a more sophisticated version of the MT4 platform, incorporating additional timeframes, robust order management systems, and enhanced analytical capabilities. International regulators ensure that clients’ funds are protected and trades are executed fairly. Depending on your country of residence you will have different deposit methods and base currencies available. To open an account, click the “Open Account” button on the worldtradex website, complete the registration form, confirm your email, and select between a real or demo account.