You can find copy trading applications and an in-house trading application here. The broker is very helpful and easy for all traders, who are new to the international commercial market. So you can start trading deposits at worldtradexFX broker according to your preferred leverage package. Each of these worldtradexFX accounts has its unique trading conditions.

Master’s Fees

worldtradex Customer Support is available to you through diverse channels. This is accessible to you on 5 weekdays for 24 hours through Live Chat, E-mail, and Worldtradex review WhatsApp (texts only). You can also make use of the web-form for submitting your queries. MT4 utilizes Expert Advisors that permit it to sustain automated trading. Also, the stock CFDs are not available for trading with this account.

worldtradexFX regularly runs a range of different trading contests through the site with competitive cash prizes. These are a great opportunity to test out new trading strategies in a competitive environment. These weekly and monthly competitions are run through demo accounts which make them a low-risk way of refining your skills.

Yes, it offers a proprietary trading platform known as worldtradexTrader. You can access the broker’s copy trading service by downloading the copytrading app. The broker’s login process begins with a visit to the official site, worldtradexfx.com, on desktop or a click of their app on mobile. To login in, your email, password and captcha verification is needed. Going by customers’ review, worldtradexFx can be said to be unworthy in light of numerous complaints heralding withdrawals, especially on large size accounts. The broker also asserts its technical environment is constantly monitored and protected by dedicated teams of technical specialists and security.

Traders are also provided with the best value services with the environment including a dynamic trading experience. Additionally, worldtradex offers a 50% deposit bonus, adding half the amount of each deposit. Whether funding your account via cryptocurrency or bank card, the process is seamless, with most methods being free and quick to execute.

  • The social and copy trading experience, hedging, scalping and the option of swap-free accounts are welcoming features offered by worldtradexFx.
  • It provides a more sophisticated version of the MT4 platform, incorporating additional timeframes, robust order management systems, and enhanced analytical capabilities.
  • The worldtradexFX trading app is supported on iOS and Android; simply go to the website and navigate the trading platform space.

worldtradex Trading Instruments

Multiple payment options including credit cards, debit cards, Skrill, Neteller and Bank Transfers, make it convenient for clients to fund their accounts using their preferred payment method. The broker also offers wonderful features that are unique to the company alone. In addition to keeping the client’s investments safe and separate from its capital, the broker ensures maximum transparency. However, the company’s offshore entity is not regulated by a tier 1 regulatory body, which offers a less sense of security. The video course provides a sound introduction to forex and forex trading, helping beginner traders to grasp things quickly. While the free webinars allows clients to learn from veteran traders one-on-one, at a scheduled time.

  • In the first instance, traders cannot trust any broker so they first use a minimum deposit to check the broker.
  • Research tools provided by worldtradexFX include a well-detailed economic calendar which keeps you updated with all significant economic events and how they may impact you.
  • This allows traders to easily get started and choose an account that fits their needs.
  • However, some users have appraised the company, claiming they had good trading experience and fast withdrawal.

Each status level has advantages, such as lower spreads, priority customer service, and unique access to training materials and webinars. Competitive spreads and high leverage are seen as strengths, while concerns about withdrawal times and occasional technical issues are noted. Spreads are widest on the MT4 Micro account and there are also fewer instruments to trade through this account. 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. Traders from South Africa have option to open only USD base currency account. You can use BTC, ETH, LTC, DOGE & USDT as your payment method for both side.

What Deposit methods does worldtradex have on offer?

This applies to all worldtradexFX account tiers, ensuring that clients are not pressured to trade solely to avoid extra costs. Customer service is available 24 hours a day Monday through Friday. The languages supported by the customer support staff are English, Indonesian, Spanish, and Polish, and users can access it through the live chat, email, phone, or an enquiry form. The support desk has a reputation for being quick to respond, knowledgeable and sufficiently in tune with the nature of trading to be able to answer questions at the first attempt. Whilst not leading the market in this area worldtradexFX do put in a solid performance but the lack of 24/7 support might be significant to some traders. You can open the MT5 Account with worldtradex with a minimum deposit of $25.

XTB Broker Min Deposit

worldtradex Group is regulated with Tier 2 regulator CySEC – Cyprus Securities and Exchange Commission. One of their entities is also registered in South Africa regulated under FSCA. But their SA entity is not approved as an ODP (their local entity have not applied for ODP licensing). Research tools provided by worldtradexFX include a well-detailed economic calendar which keeps you updated with all significant economic events and how they may impact you. As a copier here, you also will not be charged any other commission besides that set by the person you are copying. This amount can vary depending on the master as they have freedom to individually set commission.

They are fees necessary for trading, which users must  pay before or during trading. OZOW e-wallets also requires R456, while Visa cards have a minimum deposit amount of $25 and Mastercards is €50. Here is a summary of payment methods accepted by worldtradex for deposits. Overall, the minimum deposit on worldtradex in South Africa depends on the payment method you are using. Some market analysis tools are economic indicators, market information, forex news, interest rates and holiday calendars. These tools effectively judge the market environment and make decisions that are most appropriate per the environment.

It should be noted that the minimum deposit with worldtradexFX may vary depending on the type of trading account chosen. Traders look for a minimum deposit broker before starting the first CFD or Forex trade in the trade market. Traders search for the right Forex and CFD broker for only the minimum deposit.

The minimum deposit on this type of account starts from only $25. The first, and best place for most traders to get started is an worldtradexFX demo account. Here you can learn the ropes, ideal for a beginner, with no obligation to enter live trading. The promo codes, according to their customer support, is a unique offer for some new clients. Nevertheless, new users can always use the promo codes of worldtradexFx affiliates to receive bonuses or chat with the live support on their website to get the promo code. This feature gives users the opportunity to automatically copy leading traders and learn different trading strategies from them.

How are Execution, leverage and position sizing with worldtradexFX?

The broker caters to varied trading preferences by offering popular platforms such as MetaTrader 4 and MetaTrader 5 and their unique worldtradexTrader platform. By doing this, traders will be more resilient and confident as they negotiate these fast-moving markets. The platforms offer analytical tools, such as highly adjustable trading robots (EAs), numerous technical indicators, and sophisticated charting capabilities.

In this worldtradexFX review, you will find everything you need to know on the key areas of the broker like spreads, account types, and security. Compared to other brokers, worldtradexFx claims to have low trading fees and charges nothing on deposit and withdrawal. Lastly, low spreads, user customized account types, 0% commissions, fast payouts and a rich educational library are the company’s strong points. The account opening process of the broker is straightforward and can be continued if accidentally stopped. Clients are, however, not allowed to withdraw from their accounts unless the account is verified.