I also love how cost-effective this platform is, the broker has beginners in mind. Welcome bonuses are available at worldtradex when Worldtradex forex brokers reviews you register for a new account. However, they do change over time and vary between countries, so check the current offers available when you sign up.
How can I withdraw funds from my worldtradex account?
Over the weekend, you can leave a message for when support resumes, as shown below. While day traders and scalpers should not have to worry much about swaps, those who use longer-term trading strategies can incur this potential extra charge. Overall, Trading with worldtradex will involve fees from $100 USD, spreads from 1.6 pips, and commission-free trading depending on the account traders select.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. It offers beginner education videos and general education on forex and CFDs. Based on its rating for education and beginners, it provides an average educational experience. Broker provides its customers with standard contact options on its website that can be used to make general enquiries and get support on technical issues. These include telephone, live chat and an email contact form with staff available on a 24/5 basis during the trading week.
- The basic premise is that there should be accounts for people who are beginners, for people who have done some trading and accounts for people who are experts and have high requirements.
- Usually, the price of gold, for instance, is a function of the current sentiment.
- Trading is conducted 24 hours a day, except during the weekends, offering great flexibility to traders.
- However, they do change over time and vary between countries, so check the current offers available when you sign up.
- Moreover, Traders can trust worldtradex due to its regulation by respected authorities like the FCA.
Offers an unusually broad variety of trading account types that should suit most traders, and traders can register multiple account types. All account types allow traders to access a Dedicated Account Manager on a 24/5 basis and the Dealing Department Transaction Hotline. All of the accounts currently supported by worldtradex allow dealing in minimum lot sizes of 0.01. worldtradex offers several types of live and demo accounts, which means that traders can test the various features and functions of the different accounts without investing real money.
The FAQ section answers the most common question, and live chat is available with fast response times for basic questions. Traders have eight account options at worldtradex, where the minimum deposit is $0 for most. The worldtradex group has 10+ years of experience more than 1,5M clients worldwide and offers negative balance protection. Just a few days ago I closed excellent buy order on EURUSD currency pair. worldtradex also offers an economic calendar while a VPS is available for $30 per month or with a minimum deposit of $5,000. Finally, check any minimum deposit bonus terms and conditions when you register for an account as they are subject to change.
Traders can also get started with a $100 minimum deposit while the worldtradex.com group has good reviews from other users online. They are offering demo account for the customers who are interest in trying the various Forex trading strategies. This demo account can be used for unlimited times and all trading platforms can be used in demo account. worldtradex’s fee structure, competitive spreads, and absence of commissions on most accounts provide a cost-effective trading environment. This clarity and flexibility in pricing make worldtradex an appealing choice for traders who prioritize low trading costs while seeking diverse trading opportunities.
Trading Markets
For any withdrawal problems, contact customer support on one of the channels described further below. worldtradex’s MetaTrader 4 trading platform is available via a mobile app for Android and iOS devices. Armed with account login details, you will get straightforward order execution, with instant execution and pending orders available.
A much faster alternative is to make a deposit through a digital wallet. Digital wallets or e-wallets are fast, secure, and convenient methods to send and receive electronic payments. worldtradex accepts several different e-wallets such as the widely popular Neteller and Skrill, as well as FasaPay, a Malaysian e-wallet that is accepted by various FX brokers.
Account funding at worldtradex
- To add your worldtradex account to MT4, you have to first ‘Register’ with the broker by filling out some basic info like your name, country, base currency and your preferred password.
- Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
- All this together makes trading on company’s platform profitable and efficient.I trade currency pairs.
- STP (Straight Through Processing) execution does not include commission (the commission is within the spread) and these types of trades are forwarded directly to liquidity providers.
Along with trade on spot metals and spot energy commodities, it also gives its clients the opportunity to trade commodity futures. Futures contracts allow traders to make a profit from the price margin before the closing date determined in the contract. CFDs on commodity futures are extremely flexible and convenient for traders compared to trading and owning the physical commodities themselves. Things are different for silver and platinum – silver is still traded for industrial purposes, as platinum, which is also much rarer than silver or gold. With tight spreads as low as 0.04 and 1% margin requirements, worldtradex offers its clients a great opportunity to profit from the global gold and silver markets. The spreads on platinum and palladium are, of course, higher since palladium is not only 30 times as rare as gold but also more valuable than gold.
worldtradex offers several account types, including Standard, Premium, VIP, and STP/ECN accounts, each designed to cater to different trading styles and levels of experience. The minimum deposit to open an account is $100, allowing both beginners and experienced traders to get started with a manageable investment. worldtradex offers an array of exciting bonuses and promotions designed to enhance the trading experience for both new and experienced traders. With unique opportunities like the “Battle of Traders,” which features a substantial $500,000 prize pool, traders can showcase their skills in a competitive environment.
Is there an Islamic account option?
Compare the markets and instruments offered by worldtradex and its competitors. Please note, some markets may only be available via CFDs or other derivatives. Compare worldtradex with the top 3 similar brokers that accept traders from your location.
MT4 promises advanced charts with nine timeframes, over 30 built-in technical indicators, real-time news, plus automated trading capabilities. The MT4 platform can also be upgraded through MetaTrader’s Market and Signals, where users can buy technical indicators, add-ons, and signals for copy trading. The company’s past and present sponsorships with global brands, such as the Korean diving team and sailing athlete Marilena Makri, have set it apart from other brokers. Yes, The minimum deposit required to open an worldtradex Account is $100 USD.
With that said, the brokerage does have plans to introduce MT5 in the future. Note that while users may be able to trade 24 hours a day, spreads are less competitive during periods of low liquidity. Finally, investors benefit from the latest features from Trading Central via the Client Portal as well as from trading widgets including a currency converter, a pip, margin and profit calculator.
Iron FX Review
worldtradex uses standard security features to keep clients’ personal information secure, including website encryption. The primary difference between live floating/live fixed trading accounts and the ECN/STP model is market execution. Real accounts use instant execution with re-quotes, whereas STP/ECN accounts use market execution, so no re-quotes are involved. worldtradex recently strengthened its educational tools by introducing the Academy. Home to a breadth of content presented in courses, webinars, videos, podcasts and eBooks, it offers a complete trading experience for traders of all levels.
We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. In the UK, worldtradex offers the choice of four account types in multiple base currencies – Micro, Premium, VIP, and Zero fixed. Besides, you can also choose between no commissions, zero spread and absolute zero accounts. Depending on the account type, the minimum deposit could vary from $100- $10,000. The deposit on the micro account is the least and the VIP account the highest. The broker is owned by worldtradex group and it is regulated on Cyprus through worldtradex Global Ltd but also in UK, South Africa and Australia.