Account opening isnt hard, alike in our tests we opened Demo account in a matter of minutes you just have to follow simple submit on website and get started. Yet, if you still prefer to use high leverage, the international entity of worldtradex Leverage still allows so. Overall, we advise to check conditions based on worldtradex entity you wish too trade through. However, as the company developed the broker worldtradex established its legal entity in Cyprus and respectively got a license from the local CySEC, which also imposes regulations according to European ESMA standards. Besides, another license was obtained in South Africa regulated by FSCA giving a better expansion and regulated access to Africa Market.
worldtradex https://worldtradex.club/ affirms that, in accordance with international regulatory standards, it uses separate accounts to keep traders’ funds segregated from the company’s balance sheets. worldtradex offers negative balance protection, which means that if a market slippage results in a negative balance, worldtradex will adjust the balance to zero. This feature ensures that traders cannot lose more than their initial investment. In our review, we only had the option to use Neteller, Skrill, and cryptocurrencies.
If you have any second thoughts about trading or opening an account with worldtradex FX, I’d recommend checking my article on the top forex brokers list where you can find other broker houses with different trading conditions. MetaTrader 5 (MT5), offering more than MT4 https://worldtradex.site/ does, also includes features and trading functionalities that are better than many other online trading platforms available today. Filippo Ucchino created InvestinGoal, a comparison site and educational portal for the online trading and investing industry.
We accessed the withdrawal section in the dashboard, where we entered the amount and selected the method, in this case, Tether (TRC20). The options mirrored those available for deposits, although, as expected, the only method available for withdrawals was the one we used for depositing funds. Upon consulting customer service about using Bitcoin for a withdrawal, we were informed that “Cryptocurrencies” is not categorized as a method to withdraw via Bitcoin, a deposit using Bitcoin would be necessary first. worldtradex does not charge fees for deposits or withdrawals, nor does it impose commissions on trades. One of the standout features of worldtradex is that it does not charge swap fees.
Since last week I started using worldtradexfx
To keep your prize lots active, you must trade at least once every 30 days. Dear Fazal Malik, Thank you for your kind words and for sharing your experience with worldtradex. We’re delighted to hear that you find our deposit and withdrawal process fast and efficient.
Over the years, it has expanded its operations to serve traders worldwide, offering access to a broad range of trading instruments, including forex currency pairs, commodities, indices, cryptocurrencies, and stocks. This diverse portfolio makes it a popular choice among retail and professional traders alike. At FXStreet, we aim to provide our readers an honest and impartial look at certain brokers that you might be interested in trying. In addition to educational resources, worldtradex provides various tools to assist traders, including a pip calculator, profit calculator, live quotes, trading monitors, economic calendar, news, and a market analysis section. A standout feature is “Space,” which offers direct access via the app or the web-based worldtradex platform to analyses containing trading ideas, technical analysis, and the potential impact of economic events on various assets. worldtradex offers a wide range of trading instruments to cater to various traders’ needs.
Opening an worldtradex Account
Most methods like Neteller, Skrill, Visa, and MasterCard are processed instantly. Cryptocurrency deposits may take 3 to 30 minutes, and South Africa Local Bank transfers may take 1 to 3 hours. Yes, both MetaTrader 5 and worldtradexTrader offer mobile apps for Android and iOS, so you can trade on the go with either platform. To claim the bonus, open a real trading account, deposit at least $50, and the bonus will be credited automatically. worldtradex secures client funds by using segregated accounts, which ensures that deposits are kept separate from the company’s assets.
Social Trading and Copy Trading
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. BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups. The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following. The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners.
- Founded in 2011, worldtradex holds a regulatory license in Europe via its Cyprus-based entity – worldtradex Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC).
- worldtradex provides a variety of educational resources aimed at enhancing trading skills.
- An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
- MetaTrader 5 is ideal for experienced traders seeking advanced tools and customization, while worldtradexTrader is the perfect option for beginners.
- The broker also provides negative balance protection, therefore shielding customers from losing more than their account balance in a declining market.
- worldtradex provides a range of secure and convenient deposit and withdrawal methods, ensuring fast transactions with no commissions.
worldtradexFX Contact Information
NBP — the worldtradex management/trade order system ensures that the client cannot lose more than the initial deposit in their account. Even if a position ‘gaps’ in extreme market conditions, then the client will lose the funds in their account by no more than that. A lot of brokers consider them mutually exclusive, so only offer one, if any at all. It offers the pricing and execution experience of a no-frills broker but complements this with a range of additional services such as top-quality learning resources and copy trading options.
Clients using the worldtradexTrader, MT4 or MT5 account do not have to pay swaps. worldtradex has good educational and training tools for beginners as well as expert traders. According to data, traders using worldtradex’s educational content tend to make a larger profit which is indeed a benefit. worldtradex research upholds elite-level online training & education quality that is grounded firmly on empirical and social science. The broker’s focus on providing comprehensive education, assuring its client’s best understanding of the market, has resulted in two ‘Best Education Broker 2023’ awards from Forexing.com and Holiston Media. worldtradex ensures traders’ easy access to help by offering several lines of communication.
Even after verifying our identity, those were the only methods available to us. We consulted customer service, and they confirmed that these were the available methods for our accounts. While you can deposit funds in various currencies, these will be converted to USD at the exchange rate set by the payment system you use. In 2022, trading over the weekend was allowed due to the rise of cryptocurrencies. After more than 10 years in the market, the company claims to have opened over 40 million accounts, received more than 70 awards, and paid out over 33 million USD in bonuses. Minimum deposits at worldtradex will vary depending on your country of residence and your chosen payment method.
worldtradexFX offers a free demo account to new forex beginners to practice trading in forex with no limits. It acts as a real account except no real funds are invested, virtual funds and virtual profits or losses allow investors to apply and follow different trading strategies and find the best one that works for them. The number of markets is also different across the platforms, but none of them offers a range of instruments that could in any way be called excessive. It is possible to trade forex, metals, soft commodities, single stocks, indices, energies and a choice of five cryptocurrencies. The MT4 account demonstrates the limited selection by only offering four stock indices (AUS200, GER30, NAS100, US30).
The deposit methods available to you when trading with worldtradexFX will depend on where you live, but wire transfers, major credit/debit cards, and eWallets such as Skrill are typically available worldwide. This account type is a great starter account, though at the moment is not available to EU traders. Here are a few of the worldtradexFX account types you can look forward to trading with once you get started. Here you can benefit from the ICF insurance protections provided in the case of bankruptcy or insolvency. These two minor points do not detract from the trading experience, and worldtradex can be congratulated for so effectively shaking up the broker space.