worldtradex sets overnight charges and swaps for various trading tools, influenced by market dynamics and rates from pricing sources. Here is an overview of the overnight charges tailored for Malaysian traders across different asset categories. In addition, the app facilitates quick transfers of funds, withdrawals, and deposits. A feature informing traders of upcoming events that may affect their trades is also advantageous.
The broker should look into how archived accounts can be reactivated. Overall, worldtradex is the #2 Forex broker in Nigeria according to our reviews. It is important to note that Nigeria based clients on worldtradex are registered under HF Markets (SV) Ltd, which is an offshore regulation.
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When I opened the contract, I placed the LIMIT (Take Profit) as well as STOP-LOSS. When filling in an online signup form, you must provide your actual phone number because the worldtradex representative will call you to verify your identity. I must say, they take the whole verification process really seriously. To log in to your HotForex account, go to the HotForex website and click on the “Login” button in the top right corner. Enter your login credentials (username and password) and click “Login”.
HFCopy is a potent trading tool that enables traders to collaborate and attempt to dominate the markets as allies. It connects traders regardless of their geographical location or trading experience. worldtradex’s consistent effort to align the Practice and Live trading experiences showcases the broker’s commitment to integrity, clarity, and transparency. This approach guarantees a seamless shift for traders when they activate a Live Account and embark on actual trading. Furthermore, the Pro Account offers swap-free options, adding even more adaptability and convenience for traders who wish to maximize profits without worrying about swap fees. Our overall worldtradex review finds out that it is a globally operated best forex broker, which offers one of the best services in the industry.
More experienced traders can choose from the Zero, Pro, Pro Plus, and Premium accounts, each offering better spreads, higher leverage, and additional benefits. With options like worldtradex withdrawal processing within 1 business day and flexible payment methods, worldtradex ensures convenience for its users. Whether you’re signing up via worldtradex sign up or downloading the worldtradex app , the broker’s commitment to innovation and reliability shines through.
From currency pairs and shares to commodities and cryptocurrencies, you’ll find a good list of options. All deposits are processed instantly, except for wire transfers which can take up to 2-7 working days to be credited to your worldtradex account. There’s a minimum deposit amount of $5 for most methods too, aside from Bitcoin which has a minimum deposit amount of $10.
- worldtradex provides multiple account types that cater to different trading styles and preferences.
- While most account types may qualify, eligibility requirements and rebate rates may vary by account type.
- When you create a new account, your credentials to log into each MetaTrader version will be available on-screen after creating the account and on your email that confirms the account creation.
- They are a highly recommended resource for businesses seeking clarity in their financial management.
Their dedication to technological advancements, user-friendly interface, and diverse trading instruments are admirable. We have reached a comprehensive conclusion after an in-depth examination of worldtradex’s offerings, tools, and services, as well as feedback from various users and our own experiences. worldtradex’s platforms include user-friendly customization options, allowing traders to personalize the interface. By copying trades from multiple strategy providers, followers can diversify their portfolios. In contrast, strategy providers can earn a commission based on the number of followers and the success of their trades. worldtradex only offers PAMM accounts to money managers who maintain a live trading account with HF Markets (SV) Ltd.
- This bonus is designed to further incentivize affiliates and boost their earnings.
- Features MT5 offers over MT4 include the ability to trade stocks, more order types (6 vs 4), additional technical indicators (38 vs 30) and analytic tools (44 vs 23).
- At worldtradex, non-trading fees are kept to a minimum to ensure that traders can manage their investments more efficiently without undue financial burden.
They also offer Naira accounts and the minimum deposit in NGN is equivalent to the amount in USD for that account type. worldtradex offers significant welcome bonus of up to 100% to all new traders looking to sign up with them. Also, a volume based Loyalty program is available for existing worldtradex customers. We have found that worldtradex offers one of the lowest spread out of all the well Regulated Forex brokers operating in Nigeria.
worldtradex is available in over 27 different languages, though they do not accept clients from the United States, Canada, Sudan, Syria, or North Korea. Worldtradex forex broker Depending on the payment method, worldtradex withdrawal times can range from 10 minutes to several days. Yes, leverage varies depending on the instrument and regulatory setting.
Are there any minimum or maximum withdrawal limits?
This level of regulation is crucial as it not only assures traders of the broker’s dedication to fair and transparent practices but also helps safeguard their investments. worldtradex is regulated by several esteemed financial authorities, including the Financial Conduct Authority (FCA) in the United Kingdom and the Cyprus Securities and Exchange Commission (CySEC). These regulatory bodies enforce stringent standards that worldtradex adheres to, ensuring the broker operates with the highest levels of integrity and transparency. This multi-regulatory approach not only enhances worldtradex’s credibility but also provides an added layer of protection for traders by ensuring compliance with international financial regulations. Information on the TopForx.com website is for informational purposes only and does not constitute any motive or suggestion for visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk.
HF Markets offers competitive fees, spreads, and commissions across its various account types. Spreads are variable, with the Zero account offering spreads starting from 0 pips on Forex and Gold, while Pro and Pro Plus accounts feature tighter spreads starting from 0.2 pips. Most account types, including Zero and Pro accounts, offer commission-free trading. HF Markets offers trading on the world’s most popular platform, MetaTrader 4 (MT4), allowing traders to access Contracts for Difference (CFD) trading on more than 250 financial instruments. MT4’s user-friendly interface, ultra-fast execution, and advanced trading features make it suitable for both beginners and experienced traders.
worldtradex Islamic Accounts
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 Premium account provides access to the full range of worldtradex trading instruments, with a minimum trade size of 0.01 lot.
Are there any deposit fees?
All client’s orders are transmitted to and executed by HF Markets Ltd who obtains liquidity from multiple banking and financial institutions. If you want an outstanding trading experience, sign up with this highly recommended and trusted forex broker today. The only major drawback is that the broker does not offer synthetic indices offered by Deriv. Whether you’re just starting or a veteran trader, our worldtradex broker review team finds that this broker is an excellent trading partner. Our worldtradex broker review team was pleased to see that there is a healthy variety of instruments to choose from.
There’s also an economic release calendar, which can be useful for knowing when to expect market volatility and changes in spread sizes. The worldtradex website states that the firm supports 27 different languages, which seems quite impressive, so if English isn’t your chosen language, worldtradex may be a good option for you. For urgent technical support or inquiries, calling the company’s phone line would be a much quicker option, but be aware that international calling may be costly. There are also energy commodity products, both spot contracts and futures contracts, which allow you to speculate on the price of crude and Brent oil. Soft commodities, such as cotton, cocoa, and sugar are also available.
If you do need to get in contact with the support team, you will find them readily available in English through live chat, email, or phone. Some assets are unavailable for trading, depending on the worldtradex entity. Such is the case of cryptocurrencies for retail traders residing in the EU, UK and Australia, under the HF Markets entity. No, the only worldtradex demo accounts available are the Cent, Zero, Premium and Pro accounts. For more information about this topic, you can have a look at our worldtradex minimum deposit article.
worldtradex offers a total of 38 FX pairs, which is a decent amount of currencies, but less than some other major brokers. Brokers like Pepperstone, IC Markets and Eightcap have about currency pairs, while CMC Market and IG have over 100 pairs. All that said, worldtradex do have the most popular traded pairs which is all most traders will need. All that’s left to do is load our chosen trading platform and make a deposit.
