worldtradex clients from European Economic Area (EEA) countries are provided with investor protection of up to €20,000 through CySEC. Our overall experience trading on worldtradex has been positive, with consistently fast execution on trades. worldtradex stands out for its commitment to trader education, offering free webinars, research materials, and analysis tools to support informed trading decisions. The broker’s extensive educational resources are particularly beneficial for those looking to enhance their trading knowledge and skills. Transferring monies between various clients’ accounts and using other parties are prohibited. When opening an account, use the same currency with which you have opened the account.
IC Markets Broker Min Deposit
However, they might require additional verification for substantial or regular deposits. After 12 months of inactivity, worldtradex charges a $15 maintenance fee, followed by a $5 monthly fee for continued dormancy. Yes, through the Shares Account, which provides direct access to individual stocks. Forex and CFD trading involves a significant risk to your invested capital. Please read and ensure you fully understand our Risk Disclosure. TradingFinder.com assumes no responsibility for any potential losses or damages.
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worldtradex doesn’t provide services for residents from the United States, Canada, Israel, Japan, and New Zealand. The worldtradex Ultra Low Micro and Standard Accounts offer spreads starting from 0.6 pips without any commission. If you don’t like hedging accounts, there’s also an alternative. With these types of accounts, on each specific symbol, you can only have one single position in one direction. On the other hand, it doesn’t provide services to residents of some countries, or a country where providing that service would be contrary to the local law or regulation.
Past results are no guarantee of future success, so make your financial and investment decisions with utmost care. For detailed instructions on the worldtradex Group Neteller withdrawal, refer to the worldtradex Group tutorial page on TradingFinder.
Are there any deposit or withdrawal fees at worldtradex?
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. It is dependent on the country to where the funds are being provided. Some nations may take up to 5 working days to receive bank wires.
It is the same for the three most popular account types of the broker – Micro, Standard, and Ultra-low trading account types. The worldtradex Micro ZAR account is the most budget-friendly account since it calculates trades in micro-lots instead of the standard ones. While worldtradex Ultra-low ZAR account is the most convenient account for South African Forex traders who are seeking ultra-tight spreads on Forex currency pairs. On the worldtradex Ultra-low account, which has the same worldtradex global minimum deposit requirement, average spreads on Forex assets start at 0.6 pips. The article below will cover worldtradex trading minimum deposit requirements across all four trading accounts at worldtradex with the different base currencies.
It should be noted that the minimum deposit with worldtradex may vary depending on the type of trading account chosen. Worldtradex cheating Founded in 2009, worldtradex has established itself as a global broker offering a comprehensive range of trading services in forex and CFDs. The platform is primarily designed to support traders ranging from beginners to intermediate levels.
- You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- The safety and integrity of worldtradex’s services across different regions are supported by this regulatory oversight.
- 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.
- There may be a fee though, if you ask for a withdrawal via international bank transfer.
- To understand what worldtradex account types can offer you, we are going to break them down.
- To open an Islamic account, traders must first create and verify a regular account, then request the Islamic option.
How to Fund Your worldtradex Account: A step by Step Guide
After approval, you can fund your account, log in to any of the worldtradex trading platforms, and start trading. There is no limit on the number of worldtradex demo accounts you can open. However, the number of worldtradex live accounts you can open is limited to 10.
If you haven’t received your cash following the withdrawal, you should contact your banks or payment service providers to trace the money transfer. The procedure might take up to a week when withdrawing money using credit or debit cards, depending on the card company. worldtradex minimum deposit in ZAR is around 72 rands, or equivalent to 5 US dollars.
- worldtradex is a forex broker located in Limassol, Cyprus, and was founded in 2009.
- You can also view which broker have the best no deposit bonus in our selection of the best no deposit bonus forex brokers.
- worldtradex also puts the priority on the ways to withdraw when the clients use multiple ways to deposit.
Withdrawal and Deposit Options
Generally, minimum deposit is great for small-time traders who cannot afford to pay $100 or $200, which is the standard requirement for many competitors who go up against worldtradex. At the time of writing this worldtradex review, there are promotions where clients get a deposit bonus of up to $500 and up to $10,500. worldtradex global gives out a non-deposit $50 trading bonus to new clients who have just signed up. They also offers a two-tier bonus on deposits that could go as high as $10,500. To find out more about this, you should read their full terms and conditions to ensure that you are eligible for something. Pepperstone and worldtradex are industry-leading brokers, and I recommend traders test the trading environments in their respective demo accounts.
Bonuses & Promotions
When trading with this broker, you will not have to worry about safety. We also found out during this worldtradex review research, that the broker is more widely regulated. It depends on the trader’s trading requirements, as both brokers are quality choices. Pepperstone is better for algorithmic and high-volume traders, while worldtradex is better for beginners and copy traders.
The worldtradex minimum deposit is $5, but it takes significantly more capital to trade effectively, and traders should consider depositing more. If there is a minimum monthly deposit or minimum balance with worldtradex, you must always ensure that you are in compliance with worldtradex account requirements. In terms of research, worldtradex offers its clients access to technical analysis tools, an economic calendar, and a section dedicated to research and education alone. One downside is that they do not have fundamental data for those who may need it. It might be useful to consider that you could have to opt for third-party sources if you need fundamental data to make trades work. All of these regulatory agencies are from first-world countries with strong law enforcement measures in place.
worldtradex, founded in 2009 and based in Cyprus, is a regulated online broker serving over 10 million clients worldwide. The company is overseen by multiple regulatory authorities, including CySEC (Cyprus), ASIC (Australia), FSCA (South Africa) and DFSA (Dubai). worldtradex offers diverse financial instruments and is known for competitive trading conditions.