worldtradex advertises a bonus offer of up to 20% of the deposit amount under its promotional campaign. The broker names it a loyalty bonus offered to clients to encourage them to sign up and keep trading with worldtradex. While sharing personal experience with worldtradex, a Quora member said that he had been using the broker for more than three years and never faced any issues. According to him, the company charges higher commissions than most other brokerage firms like Coinexx etc. You can see the most recent political and social headlines that could affect the foreign exchange market under the “market overview” page. Clicking on the “News” page allows you to access articles covering the fundamental outlook on individual assets.
If the stockbroker allows you to fund your account using a credit card, this is a possibility. Deposit funds by credit card/debit card will be withdrawn (returned) to the same credit card/debit card account upto the amount you deposited. The withdrawal by cards will be returned by way of cancellation of the utilization record. The profit you earned in the trade can be withdrawn in other ways. Your funds deposited by credit card/debit card are reflected in your account immediately after the deposit procedure 24 hours/365 days.
Make sure you are prepared with all the required paperwork for the Account verification process. An alluring incentive program is offered by worldtradex Broker to entice new traders by Depositing additional monies into their Accounts. Depending on where you live, you may be eligible for a $30 no-Deposit Bonus when you open a new Account. It’s vital to remember that Deposit incentives cannot be immediately withdrawn; instead, trading activity participation is required.
Does worldtradex charge currency conversion fees?
worldtradex broker has four trading accounts – Micro, Standard, worldtradex Ultra-low, and the Shares trading account. There are quite a few differences among these account types including the minimum deposit requirement, as well. However, the three account types (Micro, Standard, and worldtradex Ultra-Low) have a 5 USD deposit requirement.
Minimum Deposit, Deposit Methods and Fees in worldtradex
This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. When credit card/debit card (VISA/Mastercard) or Skrill is used for the deposit, the funds withdrawn are reflected immediately in your trading account.
No, worldtradex does not have VIX or Volatility 75 Index on their platform at this moment. Traders looking to trade VIX can trade with Hotforex SA broker. Everything else is the same as Micro lot (even the spread), the only difference is that you can trade standard, mini & micro lots.
Costs and fees
- After entering the necessary payment details, carefully review the information to ensure accuracy.
- The broker allows you to trade 13+ indices, such as AUS200, EU50, US500, etc.
- worldtradex offers a flexible range of accounts with a low $5 minimum deposit, making it accessible for both new and experienced traders.
- worldtradex accepts other local payment methods depending on your location.
Traders worldwide can use this financing option, which requires a minimum deposit of $60. worldtradex accepts the funds through bank transfer including from ATM or through net-banking. When you deposit funds through bank transfer, they should be reflected in your account within 5 working days after the transfer.
The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. Deposits made using means other than credit or debit cards will not be reflected right away.
Spreads
worldtradex processes withdrawal requests within 24 Worldtradex forex broker hours after submission. Withdrawal requests are declared to be processed instantly by their Artificial Intelligence Back Office System, based on algorithmic parameters. worldtradex accepts other local payment methods depending on your location. Multiple payment methods are available depending on the worldtradex entity such as Credit Card, Debit Card, Skrill, Neteller, Wire Transfer, Perfect Money, Apple Pay, Google Wallet etc.
Some clients appraised the broker for having ultra-low spreads and a fast withdrawal process, while others denounced the company for poor trade executions. Unfortunately, worldtradex doesn’t hold a good reputation among clients on Trustpilot. With a total of 254 reviews posted on the platform so far, more than 50% of clients expressed their dissatisfaction with the company.
You can choose any major currency as your base currency if you have a Standard or Micro Account. The only base currencies available to holders of Zero Accounts are USD, EUR, and JPY. Owners of worldtradex Shares Accounts, on the other hand, are the only ones who can trade in USD. FOREX.com is authorised and regulated by the Financial Conduct Authority (FCA) in the UK. The platform is designed for informed traders who understand the risks of leveraged trading. You can deposit money in any currency and it will be automatically converted into the base currency of your account, by worldtradex prevailing inter-bank price.
The training programs are designed based on tools for traders of all levels, from “beginner to advanced.” The worldtradex minimum deposit amount is 5 USD (or equivalent denomination). This is available for multiple payment modes and in all countries.
Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time. Click here to see our overview of the 20 best forex brokers. Skrill is the online money transfer service through electronic mail account or internet operated by a U.K.
- Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders.
- worldtradex has one of the most diverse payment method portfolios among all Forex brokers.
- The dealer may charge a brokerage fee as a service fee for enabling the purchase and sale of capital assets using your brokerage account.
- Clients need to deposit a minimum of $10,000 to sign up for the Share account on worldtradex.
- The platform is primarily designed to support traders ranging from beginners to intermediate levels.
The app supports 14 languages, enabling you to select your preferred one. Depending on your tastes, you can also change the app’s theme colour to light or dark mode. Clients can also view their trading history using the desktop trading platforms to assess their past performance and review their trading strategies to make necessary amendments. As long as you have some activity on your account every 90 days, the inactivity fee will not be applied to you. The activity may be taking a trade, but also making a deposit or withdrawal. worldtradex Broker offers a variety of bonuses and promotions to its clients.
Traders can fund their worldtradex account via numerous payment processors listed in the worldtradex member area. We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site.
worldtradex stands out by offering no deposit or withdrawal fees, simplifying fund management for traders. However, inactivity fees apply after 12 months, and currency conversion fees are charged for non-base currency transactions. Traders should monitor their account activity to avoid these fees.
While Most E-wallet could take from few minutes, Card methods and Bank transfers will surely take longer, for example, 1-3 business days. worldtradex Broker has four account types with Islamic alternatives available for each account type. These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency.