In certain regions worldtradex Global offers copy trading, allowing traders to follow and copy the strategies of other traders directly. 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. Micro accounts are best suited for beginners or traders with smaller balances, as they limit position sizes, while Standard accounts allow for larger trades. worldtradex is regulated by multiple authorities, including the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) amongst others.
They are ideal for traders who do not stake too much or trade vast amounts. Additionally, worldtradex takes measures to protect client funds by storing them in segregated bank accounts across various locations. In our opinion, the withdrawal hierarchy process may cause confusion, leading to some of the dissatisfaction, delays, and payment issues mentioned in some of the client reviews. However, in our experience the receipt of funds for the withdrawal to our debit card was within 24 hours. There is a minimum deposit of $5 USD (or equivalent) across the various account types and $10,000 USD (only) deposit for the Shares accounts.
In some cases, worldtradex will also refund for the deposit cost that your payment service provider might charge you. However, your bank or payment provider might charge a fee for their services. Yes, currency conversion fees apply when deposits or withdrawals are made in non-base account currencies. worldtradex offers no deposit or withdrawal fees, making it easy for traders to move funds without incurring extra costs.
worldtradex is regulated, which adds to its credibility, and their 24/7 multilingual support means you can get help whenever you need it, which is a big plus. worldtradex offers Islamic swap-free accounts, featuring no swap or rollover interest, unchanged spreads, no upfront commissions and traders can hold positions indefinitely. In contrast to some other brokers that charge an admin fee after a certain time period. To open an Islamic account, traders must first create and verify a regular account, then request the Islamic option.
worldtradex Trading Account Currencies vs. Similar Brokers
Withdrawal requests are declared to be processed instantly by their Artificial Intelligence Back Office System, based on algorithmic parameters. worldtradex does not offer Multi Account Manager (MAM) or Percentage Allocation Management Module (PAMM) accounts. Micro and Standard accounts have slightly wider spreads compared to Ultra Low accounts, but both are eligible for the worldtradex Loyalty Program. worldtradex unfortunately cannot accept clients from the residents of certain countries, such as the United States of America, Canada, Israel and Iran. 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.
Financial Markets: Easily understand its Functions, Types, Participants, Regulations, Process.
The worldtradex minimum deposit requirement is $5 or a currency equivalent. This is applicable for all worldtradex account types, except for the Shares account offered by worldtradex Global, which has a $10,000 minimum deposit requirement. With a low and competitive minimum deposit of $5 across all of them, it is correct to say that anyone can open an account. As we mentioned earlier, worldtradex account types are not designed to target high-volume traders.
What is the Minimum trade size of worldtradex?
However, there are fees for inactivity and currency conversions. Suitable for both new and experienced traders, using typical lot sizes (100,000 units). It has no commission, 1.7 pip spreads, and adjustable leverage. Supports hedging and Islamic accounts with a $5 minimum deposit. Ideal for beginners, with smaller lot sizes (1,000 units) and no commission fees. The minimum deposit is $5, with 1.7 pip spreads and adjustable leverage.
Of course, worldtradex deposits by bank transfer are possible and popular. Traders worldwide can use this financing option, which requires a minimum deposit of $60. For most Forex currency pairs, the minimum spread is as low as 0, when you choose the worldtradex Zero Account. This account charges commissions based on the lot size that you trade.
How Does The worldtradex Minimum Deposit Compare Against Other Brokers?
The worldtradex Group deposit and withdrawal methods are divided into 3 main categories, offering options like Skrill, Visa/MasterCard, wire transfer, and Google Pay. 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. You can also view which broker have the best no deposit bonus in our selection of the best no deposit bonus forex brokers. If you are outside Europe and are eligible for deposit bonuses then you may also want to check our top forex brokers bonus promotions. When opening a live trading account with worldtradex you will be asked to upload a couple of basic documents like a proof of ID and address to verify your account.
XTB is authorised and regulated by the UK Financial Conduct Authority (FRN ), with its registered office at Level 9, One Canada Square, Canary Wharf, London, UK. If you trade other symbols, like indices, or metals, the maximum lot sizes may vary. Just install your favorite copy-trading software and watch your account mirror the copy-trading source that you chose.
- For equity-focused traders, this account gives access to individual shares.
- worldtradex could very well be your top choice if you’re looking for a reliable and experienced Broker with advantageous trading terms.
- worldtradex offers diverse financial instruments and is known for competitive trading conditions.
- Below is a table summary of the worldtradex broker minimum deposits depending on account types.
See the benefits you get and find out if something is missing in any of the requirements. That might be limiting for some of the worldtradex traders who are not Worldtradex very well versed in the English language. If you would like to use these tools, you will need to access the personal account manager. MT4 is one of the world’s most reliable platforms, and it will not fail you here.
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. Filippo Ucchino is the founder and CEO of the brand InvestinGoal and the owning company 2FC Financial Srl. Filippo Ucchino started his trading career in Forex trading in 2005.
- You may be familiar with worldtradex Broker if you’ve been involved in trading for some time.
- It has a presence in more than190 countries, with over 10 million clients.
- We built the website to assist forex traders in finding the right forex brokers to trade with ease.
- The trade volume is $2,000 for the stock index and CFDs and $20,000 for the forex pairs.
- The worldtradex minimum deposit amount is 5 USD (or equivalent denomination).
Which Withdrawal Process Is Better, Pepperstone or worldtradex?
All customer monies are stored in segregated Accounts that are distinct from the business’s funds. This guarantees that your Money will be safeguarded in the event of bankruptcy. Millions of traders trust worldtradex because we are a licensed Broker, and take many precautions to protect your Money. worldtradex could very well be your top choice if you’re looking for a reliable and experienced Broker with advantageous trading terms. Let’s get into the essential procedures to ensure a successful Deposit with worldtradex Broker now that you have a firm understanding of this Broker.
You can use Nganluong Wallet, Neteller, Skrill or Online Bank Transfers to withdraw money. As with our other broker reviews, we will pick the stock index, the stock CFDs and Forex. The currency pairs include EUR/USD, GBP/USD, EUR/CHF, and AUD/USD. In any trade, we will assume that you buy into a leveraged position for a week and then sell. The trade volume is $2,000 for the stock index and CFDs and $20,000 for the forex pairs.
How to deposit to worldtradex by bank transfer, credit card and Skrill.
We are aware of some negative reviews regarding spread widening and larger-than-expected slippage. Additionally, internet issues in regions with intermittent or subpar coverage can also contribute to these challenges. Given worldtradex’s broad global presence, traders should be mindful of these potential risks. It is a legitimate, profit-driven business that is properly regulated. However, it’s important to recognize that financial markets, particularly those involving forex and CFD trading, come with important inherent dangers that no organization can eliminate. Therefore, it is advised to only invest what you can afford to lose comfortably in the event of unforeseen market swings.
Additionally, worldtradex offers a $30 no-deposit bonus, allowing you to start trading and potentially earn profits without risking your capital. While the bonus is non-withdrawable, any profits made after meeting the trading volume requirements are yours to keep. 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.
Available in both standard and micro sizes with no commissions and negative balance protection. Otherwise you can start right away with a live account to start trading. Since money is real, you have to make your first deposit, keep in mind the minimum deposit required for the account type you have chosen.