There are three ways to deposit to worldtradex, bank transfer, credit card/debit card and Skrill. Once you’ve selected your preferred deposit method, you’ll need to enter the relevant payment details to start the transaction. Ensure that you accurately enter all required information to prevent any delays or errors in the funding process. The online brokerage firm worldtradex.com requires a capital deposit from the trader owning the brokerage account to activate the CFD and Retail foreign exchange (Forex) trading platform.

worldtradex Fees & Commissions

The minimum trading capital needed to start trading with the broker is just 5 US dollars. However, the broker has four different live trading accounts that come with different requirements. Also, the minimum deposit threshold may vary according to the nationalities and the base currencies of the accounts. worldtradex offers numerous base currency options including USD, EUR, GBP, JPY, AUD, RUB, HUF, and PLN. Furthermore, in 2015, the broker has introduced a new opportunity for the traders residing in South Africa and Singapore – they can now choose ZAR and SGD as their base currencies.

worldtradex provides customer support through various media including Live Chat, WhatsApp, Line, Viber, Telegram and Message. They provide support 24 hours a day from Monday to Friday and 18 hours over the weekend via email, phone, and chat. In certain regions worldtradex Global offers copy trading, allowing traders to follow and copy the strategies of other traders directly. There is a minimum withdrawal amount of $5 (or equivalent) for all accounts except for the worldtradex Shares Account which has a minimum $10,000. worldtradex is regulated by multiple authorities, including the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) amongst others.

worldtradex Deposit Methods vs. Similar Brokers

We strongly suggest you complete your homework before proceeding with it. In short, the broker seems to be fully committed to providing clients with the next level of educational services by continuously adding more features and content. The MT4 comes with 30+ trading indicators and 24+ analytical tools to help clients perform in-depth technical analyses. On the other hand, MT5 desktop terminal has 38 trading indicators and 44 analytical tools making it a little superior to the MT4 trading platform. A variety of charts displayed in a window on the right side of the screen provide insight into market data.

Start with a 6-lesson Free Trading Course.

Non-trading fees include deposit and withdrawal charges, inactivity or currency conversion fees. The process was seamless, and I was up and running in no time. I was impressed by the range of assets available, including forex, stocks, and commodities. Complete training in financial markets such as “Forex,” “Stock Market,” and “Cryptocurrencies” only becomes comprehensive with tested trading tools and strategies. “Trading Finder,” with its experience, aids traders and investors in gaining a correct understanding and deep learning.

There is an inactivity fee with worldtradex, but only if you let your account become dormant. What this means is that your free margin must always be above 50%. If it falls under this value, the platform will start to automatically close your positions to keep the free margin above the threshold. They also have web and mobile versions, meaning that you can easily trade wherever you are. Yes, you have the freedom to request a withdrawal for your available sum whenever you like as long as your Account is validated. It’s crucial to remember that the regulatory body that will serve you depends on where you live, and the degree of investor protection and the regulatory body may vary correspondingly.

Only shares from the USA, UK and Germany are real shares on worldtradex. When you trade indices, you can get exposure to a whole economy or sector with just one position instead of opening several trades with different companies. The broker allows you to trade 13+ indices, such as AUS200, EU50, US500, etc.

• You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money.
• It also has an option to opt for an Islamic account if the user prefers so.
• The company is not publicly traded on any stock exchange and does not disclose its financial information, which can affect transparency.
• worldtradex stands out by offering no deposit or withdrawal fees, simplifying fund management for traders.
• Clients also criticised the broker for its high spreads & commissions and poor customer support.

Although fees are required on trading, the spreads given by one of the top zero spread accounts here are incomparable, starting at 0 pips. The worldtradex Standard Account is available in all countries, and with a low minimum deposit of $5, it’s clear to see why so many people want to trade with this. USD, EUR, GBP, JPY, CHF, AUD, PLN, RUB, and ZAR are among the most traded currencies in worldtradex. The standard account also offers negative balance protection to its users, which is rare in these accounts.

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. The amount of the minimum deposit for brokers like worldtradex varies widely from one trading platform to the next and can range from $0 – $10,000 with some brokers and trading platforms. worldtradex has a minimum deposit requirement of 5 USD and is aimed at more mainstream traders. worldtradex offers a flexible range of accounts with a low $5 minimum deposit, making it accessible for both new and experienced traders. Whether you’re a beginner looking for a Micro Account or a seasoned investor focused on equities with the Shares Account, worldtradex provides options to suit every trading style.

• worldtradex Broker offers a variety of bonuses and promotions to its clients.
• We signed up with worldtradex broker’s Ultra Low Account for this review.
• However, there are fees for inactivity and currency conversions.
• Islamic accounts are also available to enable shariah practising clients to trade preferred financial instruments without compromising their religious beliefs.
• worldtradex has received various awards over the years from different organizations, reinforcing its reputation as a notable broker in the financial industry.

These will be determined by the nation where the individual lives rather than the regulatory authority. If the broker has to implement or cancel an order on your behalf, it will be charged a commission for the same. If your broker is not able to execute a market order, there won’t be a fee charged from you. However you might need to pay the fee with your bank if you deposit less than USD 200.-.

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. Both brokers offer nearly identical trading fees with volume-based rebates for active traders. Pepperstone has faster order execution, while worldtradex has no re-quotes. Therefore, I rank Pepperstone and worldtradex on par for typical spreads and fees.

Spreads

Moreover, we shared clients’ reviews about the broker on different platforms such as Reddit, Quora, Trustpilot and Forexpeacearmy. worldtradex process withdrawal request via the same methods that clients use at the time of deposits. The broker hasn’t stipulated a minimum withdrawal amount, so you can withdraw funds as much as you like. The average time the company takes to release your funds via card payments and e-wallets is one business day.

If you wish to test the platform’s waters, you may open a demo account with USD 100,000 in virtual money and begin trading. You should consider whether you can afford to take the high risk of losing your money. Yes, currency conversion fees apply when deposits or withdrawals are Worldtradex review made in non-base account currencies. For equity-focused traders, this account gives access to individual shares.

Currency conversion fees are applied when depositing or withdrawing in non-base account currencies. These fees vary depending on the exchange rates at the time of the transaction. The minimum deposit required to start trading with worldtradex is 5 USD.

Does worldtradex charge currency conversion fees?

The Micro Account is designed for traders who prefer to trade smaller volumes. This account type is ideal for beginners who are still learning the ropes and want to practice trading with minimal risk. Here’s a comprehensive review of its user-friendly platform, customer support, tradable assets including stocks, forex, commodities, and indices, and more. worldtradex’s proprietary trading platform refers to the company’s mobile trading app that is available to download from Google Play Store and App store. worldtradex offers crypto trading to all its clients except for those based in the United Kingdom.

Investors can also use the worldtradex mobile app to trade while commuting. We will discuss the broker’s regulations, verification processes, deposit & withdrawal options, minimum spread, maximum leverage, online trading fees, and investment safety measures. The minimum deposit/withdrawal amount is 5 USD (or equivalent denomination) for multiple payment methods supported in all countries. However, the amount varies according to the payment method you choose and your trading account validation status.

Below are the minimum deposits for all types of accounts of worldtradex. 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.