Worldtradex offers diverse promotions, including cash bonuses for referrals, loyalty rewards, demo contests, and exciting lucky draws. These rewards are designed to boost trader engagement while offering real incentives for activity, skill, and loyalty. Worldtradex has established itself among the most competitive Forex brokers with a quality mix of products and services. It enables all trading strategies with a cutting-edge trading environment and competitive fees.
Customer friendly design
Yes, Worldtradex charges a commission of $3 per lot per side for forex and indices, which is competitive compared to industry standards. Worldtradex positions itself as a cost-effective broker, offering competitive pricing across its asset classes, making it an attractive option for those mindful of Worldtradex fees . Trade with spreads starting from 0.0 pips on the ThinkZero account. Yes, Worldtradex is regulated by multiple authorities, https://worldtradex.world/ including the FCA, CySEC, DFSA, FSCA, and CMA, ensuring a secure trading environment. Jeff Anberg is a Senior Editor at BrokerNotes.co and ForexBrokers.com.
HF Markets Pros and Cons
Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check regulation and verify it with the regulator by checking the provided license with their database. I have to agree with this, note that 3nd money processing companies might be your fastest way to withdraw, skrill and neteller are really good. If im not mistaken bank transfer for withdrawals might take up to 12 working days.
- Leverage brings an opportunity to increase your potential gains through its possibility to multiply balance in a particular number of times.
- Overall, Worldtradex’s platform selection is excellent, offering industry-popular platforms like MT4 and MT5, along with their own trading apps packed with tools and research.
- Traders who prefer to trade with mobile can access their mobile app (iPhone and Android).
- I avoid the CHF one because it is much volatile as compared to others.
Top Features
Additionally, both PAMM account types offer an islamic swap-free option. Both Worldtradex PAMM account types operate exclusively with USD as the base currency and require a minimum deposit set at $250. The Worldtradex Premium account includes a choice of base currencies – USD, EUR, PLN, NGN, JPY – varying according to the trader’s location and the broker’s entity. The Premium account still maintains an accessible entry point with a minimum deposit of $0. The Worldtradex Cent account provides access to Forex and gold trading, and features trading in Cent lots, where the minimum trading size available here equals 0.01 cent lots, or 10 currency units. Since your funds are kept in segregated bank accounts, you can safely withdraw your money whenever you want.
Opening an Account at Worldtradex
Worldtradex trading costs mainstays at the tight spread offering, as well bringing some of the most attractive spread opportunities among the industry, also proposing spreads from 0 pips on some accounts. However, check on the additional, non trading fees and charges for deposits or withdrawals all in all concluding your trading costs, see fee table below. HF Markets (Worldtradex) is a leading CFD broker with access to the top-rated MetaTrader 4 and MetaTrader 5 platforms. With fast execution speeds, strong regulatory oversight and fee-free deposits and withdrawals, the brand is a popular option for traders of all experience levels. Worldtradex’s primary income sources are spreads on all the accounts and trading volume commissions of $6/lot round turn on the Zero account. Worldtradex also makes money from swap fees on open positions overnight and inactivity fees of $5 per month after six months.
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Filippo specializes in the best Forex brokers for beginners and professionals to help traders find the best trading solutions for their needs. He expands his analysis to stock brokers, crypto exchanges, social and copy trading platforms, Contract For Difference (CFD) brokers, options brokers, futures brokers, and Fintech products. Worldtradex generates revenue through spreads, trading commissions, overnight fees, inactivity fees, currency conversion fees and additional premium services. They also make money through deposit and withdrawal fees and B-Book execution policies. For the PAMM Premium account, traders can benefit from spreads starting at 1.6 pips without any trading volume commission, which is 60% higher than the industry standard of 1 pip. However, it should be noted that PAMM accounts generally have higher spreads than normal accounts.
Webinars, podcasts, and live events add a personalized touch and interactive educational experience. Worldtradex’s free webinars also enhance the overall approach to educating beginner traders. Holding over 16 years of experience in global financial markets, and 4 B.A.
- Worldtradex is regulated by multiple Tier-1 & Tier-2 regulators including FCA, FSCA & CySEC.
- The firm protects funds with various safeguards such as segregated bank accounts.
- While both platforms offer top-tier execution, MT5 adds 21 timeframes, 80+ indicators, and 100 chart views.
- Additionally, the broker offers negative balance protection, preventing traders from losing more than their initial investment.
Education is another strong point of Worldtradex since the broker concentrates and putting efforts on Africa and Asia regions so its allows you to improve Forex experience and results. Worldtradex withdrawal options including cards, bank transfer by far most used option and various ewallets. And the last point withdrawal fee, which is actually 0$ is amazing news that allows you not to worry about extra fees. However, Wire Transfer may involve some correspondent fees according to your bank and international policies. Despite this, there are no deposit fees or some of the withdrawals are free as well, which we will see in our Worldtradex review further.
Overall, Worldtradex is recommended based on its commission and fee structure. I should admit it is commendable of them to provide such opportunities. HF Markets is an online forex and CFD broker that serves retail traders and professional investors. The company offers 1000+ instruments across eight asset classes and provides access to the popular MT4 and MT5 platforms.
I like the range of products Worldtradex provides, starting with the 12-plugin upgrade for MT4/MT5. Worldtradex also understands the importance of competitive regulation, leverage, and loyalty programs. With more than 2,500,000 live accounts supporting 27+ languages, Worldtradex understands the needs and requirements of profitable traders, for which I applaud and recommend them. Each of the account types bringing the particular possibility for your trading strategy while allowing either beginning traders, investors or professionals to find its own way in trading. The options ranging from the opportunity to trade Micro lots, or specified account for Copy Trading or if you would like to become a Masker account.
Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Been using them along with aaafx as my current broker, both are well regulated and so far, I haven’t faced any issues with them. The broker can also help with calculations, give you software you need, and promise good service. Crypto now is popular and they were one of the first brokers to include it. Another good thing about Worldtradex is you can trade Micro lots, use a Cent or Nano account, or pick an account for Copy Trading.
It is worth noting that a $5 monthly inactivity fee applies after six months of no activity. However, this is competitive and lower than alternative brands like XTB which has a $10 charge. Similar to other top brokers, you can request a withdrawal back to the original payment method. HF Markets, formerly HotForex, offers a decent suite of CFDs, with over 1000 assets spanning 8 asset classes. The Worldtradex maximum leverage may slightly differ also depending on the regulatory framework of your country and the Worldtradex review Worldtradex entity you are trading with. Lastly, Worldtradex earns from B-book execution of some trading orders where Worldtradex acts directly as counterparty, earning on losing trades.