Video content is also provided via YouTube, with much of this content archived. This provides a great digital library of webinars that users can take advantage of. One area where worldtradexFX stand out is their approach to trader feedback. There is even a forum where traders interested in getting the most out of trading with worldtradexFX can benefit from airing their views or taking the opinions of others.
During this period you will be featured on a leaderboard for your virtual trades with the aim to reach the top where real prizes of up to $1,000 withdrawable money on MT4. You can access strategies to follow through the community forums and program your own with MQL5 and C# fully supported. This means you can open positions with as little as $1,000 and this amount can be further reduced if you are trading on leverage. The minimum order size you can expect when trading with worldtradexFX is 1 micro lot. This is the same as 0.01 standard lots, or equal to $1,000 in cash value. worldtradexFX Islamic accounts are available quickly and conveniently where needed by simply clicking “swap-free” when you open a new account.
- However, our findings also indicate that while worldtradex has strengths in technology and customer support, it may strengthen its position in the South African market in some areas.
- This means that no matter the financial situation of the broker, your funds will always be safe.
- 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.
- Traders from South Africa have option to open only USD base currency account.
- This way, you can make profits just by correctly predicting how an index is going to change.
Which Markets does worldtradexFX offer?
Ensuring minimum deposit usage before any client uses the broker for the first time. The minimum deposit does not have to be a higher three or four-digit amount so it is a much easier deposit. In a broker trade, the minimum deposit should be given much importance so that the customer is attracted to it. worldtradex offers a variety of secure deposit and withdrawal options, including Neteller, Skrill, cryptocurrencies, Visa, MasterCard, and South African local banks.
IC Markets Broker Min Deposit
Withdrawals to South African bank accounts require a minimum of R90. These withdrawals are processed within 1-3 hours and may also take about an hour or more for the funds to reach your bank account, depending on your bank. The minimum withdrawal via cards on worldtradex is US$20, and only Visa cards are supported for card withdrawals.
However, the offshore entity of the broker is regulated by just a 3rd tier regulatory body. Online reviews have revealed that this isn’t quite significant enough to call the broker well regulated. Bonuses of 10%, 20% or 50% can be claimed on each deposit with worldtradexFx but there are even bigger bonuses available during holidays and other limited-time events. There is also a Trader’s Glossary with precise definitions of common forex terms to help clients become familiar with different trading terminologies. Coming to leveraged overnight holdings, the broker charges no swaps. The broker has two referral programs, including the Invite a Friend and the IB partner programs.
worldtradexFx Review 2025: Platforms, Apps, Safety, Pros & Cons
To change the leverage on worldtradexFx, users first have to login to their trading account. Set a new leverage by clicking on the leverage ratio in the primary account section, choose preferred new leverage and press the change button to save. The minimum spread users can expect to pay on any trading instrument at any given time is 0.6 pips.
MetaTrader 5
- During account creation, you can only use USD as base account currency.
- The platform also allows you to deposit through Neteller, Skrill, BTC, and wire transfer.
- The worldtradexfx calculators can greatly help analyse the profits and margins.
- worldtradexFX offers 24/7 customer support through live chat on the broker website.
When it comes to education, worldtradexFX realizes the importance of your continued development and progress in the sector. They particularly cater very well for the new traders with an excellent basic training in forex including topics like how to get started with the broker, ECN trading, and technical analysis. Here is a more detailed look at the wide range of top trading platforms you can expect to find when you are trading at worldtradexFX, and what they can provide you with. These are all useful and important tools to utilize for any forex trader on all platforms and brokers. The worldtradexFX Masters fee is applied if you are copy trading with the broker.
Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders. However, deposit and withdrawal fees may apply to third-party participants. MetaTrader 4 (MT4) Account caters to traders who seek a trustworthy and established trading platform. Filippo Ucchino created InvestinGoal, a comparison site and educational portal for the online trading and investing industry. Through InvestinGoal, Ucchino helps users navigate the world of online investing and trading by providing trading guides, best brokers rankings, broker reviews, and broker comparisons. One of Worldtradex forex brokers reviews the main reasons for which you should trust worldtradexFX is because of its minimum deposit.
« Trading Finder, » with its experience, aids traders and investors in gaining a correct understanding and deep learning. The training programs are designed based on tools for traders of all levels, from « beginner to advanced. » CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money.
worldtradex has built a reputation in the industry by making it easy for traders to access their platform with competitive spreads and robust security measures. worldtradexFX deposit bonuses are unfortunately unavailable to traders who are based in the EU and trading within this regulatory area. worldtradexFX only supports two deposit currencies to fund traders’ accounts.
worldtradex provides tailored options for different levels of traders, from beginners to experts, and lots of trading features. The table to compare the worldtradexFx trading accounts is shown below. Each worldtradexFX account type has distinct pricing models and offers platform compatibility across MT4 and MT5.
In our experience, reducing slippage and executing quick trades is crucial for day traders and scalpers, and the platforms’ remarkable speed and stability are noteworthy. This ensures that these critical trading tools can run indefinitely, regardless of the trader’s device uptime or the reliability of their internet connection. The guides include market analysis, trading strategies, and risk management, among many other topics, which make sure the users have a good touch on the fundamentals of Forex trading. Yes, worldtradex offers a variety of teaching materials developed exclusively for traders fresh to the market.
The process is simple; refunds are automatically credited, providing users with considerable convenience. Integration with MetaTrader 4 and 5 allows for automated trading and customizable indicators, catering to all experience levels. Yes, worldtradex’s user-friendly design makes it a favorite among both newbie and seasoned traders. Yes, worldtradex offers the worldtradex App, worldtradexTrader app, MT4, and MT5, which are helpful and straightforward. worldtradexVision acts as a digital mentor, helping traders of all levels make more informed decisions and potentially achieve more consistentresults. The most important thing is that the trader receives a personalized analysis of his actions.