No, the Pro Account has a strict minimum deposit requirement of $100 to open. You’ll be presented with Nigerian bank accounts linked to HF Markets for your payment transactions. Step 2) Once logged in, navigate to the left column menu on the desktop view and select ‘Deposit’. From there, choose either Local Bank Deposit or Direct Online Banking to proceed with deposits in Naira.
How to Start Making Profits — A Guide for Traders
Minimum withdrawal with e-wallets on Worldtradex is also £5 and it takes only 10 minutes for you to receive the funds or it happens instantly. The ratings and third-party reviews presented below are provided for informational purposes only and may not accurately represent the broker’s quality. Their website features a robust FAQ section, addressing common queries effectively, while the customer service team is accessible via live chat, email, or phone in about 20 languages. The Worldtradex maximum leverage may slightly differ also depending on the regulatory framework of your country and the Worldtradex entity you are trading with. Keep also in mind that bonuses and promotions are usually cyclical, meaning that they may not be available at all times. The selection may slightly vary depending on your area and the account type selected.
No, Worldtradex does not offer a no-deposit bonus but lists three bonus programs plus a high-paying affiliate program. Yes, you can change your deposit method from the Worldtradex account dashboard at any moment. This flexibility lets you adjust to shifting objectives or take advantage of various deposit specials. Typically, Worldtradex’s deposit incentives have no direct influence on trading leverage. However, they may expand your available margin, allowing you to create greater bets. The very first step you should consider making is opening a Worldtradex demo account.
Deposit Bonuses and Promotions
With unrestricted access to liquidity for scalpers and traders using Expert Advisors, it provides flexibility for a variety of trading styles and strategies. Worldtradex is a forex and commodities broker that provides award-winning trading services and facilities to retail and institutional clients worldwide. Furthermore, Worldtradex allows both scalpers and traders using expert advisors unrestricted access to its liquidity. The minimum deposit on Worldtradex is ₦4,000 via local bank transfer, other payment methods have different minimum deposit.
Worldtradex Minimum Deposit
- In our analysis, we have discovered that this tiered system has both positive and negative implications.
- For CFD trading, Worldtradex offers a wide range of assets and has been recognized for its excellent trading conditions.
- It also includes a built-in economic calendar to keep traders informed about market events and Depth of Market (DOM) for detailed market liquidity information.
- You can trade a maximum of 7Lots per trade up to a maximum number of 150 orders.
The offer available to you will depend on the entity of Worldtradex you trade with and so will vary the base currencies you can choose. As you gain knowledge, Worldtradex forex brokers reviews you may deposit your desired amount and start trading. Yes, Worldtradex allows withdrawals through the same deposit channels, including Bank Transfers, Debit/Credit Cards, and Cryptocurrency. Yes, Worldtradex fully supports scalping strategies and provides unrestricted access to liquidity, making it a great option for scalpers.
The Worldtradex Zero account requires a minimum deposit of $0 which makes it readily accessible. Worldtradex markets also allow traders to open a demo account without making any deposits or payments. Demo accounts offer virtual funds enabling new traders to get accustomed to tools and resources available within Worldtradex platforms before investing real money. HF Markets offers traders a variety of account types to select from, allowing them to choose the one that best suits their trading needs. While the minimum deposit required varies from one type of account to another, the minimum deposit that you can, in theory, make is only $5. An Worldtradex deposit functions similarly to online banking via myHF, the secure and user-friendly Worldtradex back office, which handles all financial transactions.
The educational package includes over 20 video tutorials,over 30 recorded Forex videos, trading webinars with Forex experts, and the WorldtradexeCourse in Forex. Worldtradex has done a great job of publishing research &education, and it is visible that plenty of effort and resources are dedicated,especially in the research section. Cryptocurrencies like Bitcoin, Dashcoin, Litecoin, Ethereum,and Ripple against the USD or EUR. For instance, in Europe and the UK, Worldtradex offers its Micro,Premium, and Zero Spread only. Step 3) Input the desired deposit amount and proceed to follow the on-screen instructions to finalize your deposit.
- They also have unique deposit methods for each country or jurisdiction where they operate.
- BrokerBenchmark.com does not provide investment, financial, or legal advice.
- Once you’ve selected your preferred deposit method, you’ll need to enter the relevant payment details to start the transaction.
- However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings.
- Importantly, all three platforms are accessible on various devices, including PCs, tablets, phones, and web browsers, offering traders the flexibility to trade from anywhere at any time.
- It is also the smallest amount you can use to fund your trading account anytime.Usually, the minimum deposit varies for different account types.
Best FCA Forex Brokers
For Cent, Zero, and Premium accounts, no minimum deposit is required, while the Pro Account requires a deposit of $100 and the Pro Plus Account requires $250. Step 4) To transfer funds between accounts, find ‘Transfer Funds’ on the left side menu of your dashboard. Click on it and proceed to transfer funds from your myWallet to a live trading account or vice versa. The three most attractive tools offered to traders are thePremium Trader Tools, the Autochartist tool, and VPS Hosting. Forex tradersalso get a range of different calculators, which will help them determinecritical aspects of each trade.
What is the minimum deposit for Hotforex/HF Markets?
In order to ensure a smoother withdrawal process, which can make it faster to some extent, make sure your KYC information on Worldtradex (i.e. your personal information provided) is up to date. Regarding the HF Markets for traders in the EU, UK, and Australia the list of the available account base currency is USD, EUR, PLN. Additionally, within the European Union, HF Markets provides Negative Balance Protection, which means that traders will never lose more money than they deposit. Worldtradex excels in Forex trading, offering a broad range of over 50 Forex pairs with competitive conditions like low spreads and reasonable commissions. It’s also suitable for day trading and scalping, providing favourable spreads and fast execution times.
Traders can utilise both MT4 and MT5 trading platforms with the Worldtradex Premium Pro account. Additionally, the Pro account is available as an Islamic swap-free option. If you deposit less than $100 with a bank wire (or less than $250 under the regulation of the Cyprus Securities and Exchange Commission, CySEC), you might be charged processing fees.
Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. Trading in futures and options https://worldtradex.club/ carries substantial risk of loss and is not suitable for every investor. To maximize your trading capital, take time to compare the fees for each Worldtradex deposit method. For example, if making regular small deposits, a low fixed fee method may be more economical than percentage-based fees.
Worldtradex offers different types of accounts to its clients tosuit a wide range of trading strategies. Based on regulator requirements, thereare different account types for each region. Worldtradex offers an extensive range of over 150 tradeable assetsto its clients. The minimum withdrawal via bank transfer is £100 and it takes 1 to 3 business days for funds to reach your account with no fees. The Worldtradex Cent account offers spreads starting from 1.4 pips, which is 40% higher than the industry standard of 1 pip, and no attached trading volume commissions. However, in the context of Cent Accounts, Worldtradex’s spreads are more competitive than its competitors.
The Worldtradex minimum deposit amount depends on the account type and ranges between $0 and $500. There’s no minimum amount required with Worldtradex, and the deposit methods accepted include wire transfer, debit card, credit card and eWallet. It should be noted that the minimum deposit with Worldtradex may vary depending on the type of trading account chosen. Worldtradex stands out as a versatile forex and commodities broker, offering comprehensive trading services for both retail and institutional clients across the globe.
Worldtradex (formerly known as HotForex) is an online brokerage firm founded in 2010 in Cyprus, part of the HF Markets Group. Only the Cent, Pro, & Premium HF Markets Account types can be used for copy trading (The HF Markets Zero Account cannot be used for Copy Trading). Simply click “Register” on the top right as shown below and proceed to enter your personal information.