Also, for those who wish to focus on social (mirror) trading, the Worldtradex platform offers HFcopy. The minimum amount required to start trading can differ from the advertised minimum deposit on Worldtradex. Some brokers claim to have no minimum deposit requirement, which means no minimum amount is needed to open an account. Worldtradex Minimum Deposit amount required to register a live trading account will range between USD 0 and USD 250 depending on the live trading account type chosen. After entering the necessary payment details, carefully review the information to ensure accuracy. Once satisfied, proceed to complete the deposit process by following the instructions provided on the platform.
What are the Worldtradex funding and deposit methods?
However, beginner traders should make at least a $500 deposit and trade with micro lots to reduce trading risk. Worldtradex stands out as a well-rounded broker that caters to a wide audience, from novice traders to experienced professionals. Its strong regulatory oversight, competitive Worldtradex fees , and diverse asset offerings make it a compelling choice for those seeking a secure and versatile trading environment. The MT4 and MT5 platforms deliver exceptional execution speeds and advanced charting tools, while the Worldtradex app ensures flexibility for traders on the move. The Worldtradex minimum deposit depends on the account type, which ranges between $0 and $500. Traders can deposit in USD, EUR, JPY, and NGN without internal deposit fees.
Some of the currencies accepted are GBP, EUR, ZAR, NGN, KES, MYR, KHR, IDR, KES, UGX, TZS, etc. You’ll then be prompted to indicate whether you’re depositing funds to HF Markets account shown in KES, USD, or EUR. They also have unique deposit methods for each country or jurisdiction where they operate. In the table below, we have highlighted the deposit fees and duration of some of these methods. Disclaimer – BrokerBenchmark.comRisk DisclaimerPlease note that trading and investing in financial instruments, commodities, and other assets involve a high level of risk. You may lose your entire deposited funds, and past performance is not indicative of future results.
Here is a breakdown of the products that South African traders have access to on Worldtradex. Now that we know how to make deposits and how much is accepted per deposit method, let’s shift our focus to the offerings of this broker to its traders. Additionally, both PAMM account types offer an islamic swap-free option. Worldtradex Pro account is not available for traders in the EU, UK, and Australia.
Forinstance, traders achieve excellent execution speeds through their premium MT4and WebTrader platforms. Worldtradex generates revenue through spreads, trading commissions, overnight fees, inactivity fees, currency conversion fees and additional premium services. They also make money through deposit and withdrawal fees and B-Book execution policies. Both Worldtradex PAMM account types operate exclusively with USD as the base currency and require a minimum deposit set at $250.
What type of broker is Worldtradex?
The Worldtradex deposit methods are bank wires, credit/debit cards, Skrill, Neteller, FasaPay, PayRedeem, and cryptocurrencies (Crypto / BitPay). Therefore, if a trader makes a $500 deposit into a US Dollar base account, they will receive $500. Third-party payment processor and currency conversion costs may apply. Worldtradex’s low or no minimum deposit might be advantageous for scalpers starting off with low capital. However, ensure your account type and deposit method are compatible with scalping’s high-frequency trading. For those just getting started or finding cards more convenient, the $5 minimum for credit/debit and Skrill can be a favorable entry point.
Worldtradex allows traders to use Expert Advisors with full access to its liquidity, supporting automated trading strategies. With low deposit fees and transparent policies, Worldtradex is well-positioned as a trusted broker for a wide variety of trading strategies. No, the Worldtradex cheating minimum deposit requirement only applies when opening an account. Future deposits can be made in any amount, as long as they meet the platform’s deposit guidelines. These deposit thresholds are designed to provide access to enhanced trading tools and benefits, but they only apply when opening an account. Subsequent deposits can be made in any amount that meets the platform’s funding guidelines.
What platforms does Worldtradex offer?
According to a survey, over 30% of traders reported losing 1-3% of their initial deposit to transaction costs. The Worldtradex platform offers various deposit options, each with their own fee structure. For instance, while bank transfers may have lower fees, they usually take more time to process. Credit card deposits are faster https://worldtradex.blog/ but often involve higher fees of up to 5% of the amount.
That’s an accessible amount for almost anyone looking to test the forex trading waters. Worldtradex is an online trading brand with high prestige in thefinance world, with certifications and awards to substantiate theirreliability. They are a well-regulated STP broker with awards for its clientprotection and product offerings. For those seeking a more advanced trading experience, MetaTrader 5 (MT5) is an excellent option with additional features and tools. MT5 offers extended order types such as buy stop limit and sell stop limit, providing traders with greater control over their entries and exits.
HF Markets recognizes that traders come in all experience levels and with varying financial commitments. To cater to this diversity, they offer a range of account types, each with a distinct fee structure designed to suit your trading style. The Premium and Cent accounts feature spreads starting from 1.2 pips on major currency pairs with no commission paid. Worldtradex’s primary income sources are spreads on all the accounts and trading volume commissions of $6/lot round turn on the Zero account. Worldtradex also makes money from swap fees on open positions overnight and inactivity fees of $5 per month after six months.
Does Worldtradex give no deposit bonus?
- According to our research, Worldtradex offers two exceptional deposit bonuses that have garnered significant interest from traders.
- Filippo Ucchino created InvestinGoal, a comparison site and educational portal for the online trading and investing industry.
- Meanwhile, the Pro Plus account offers spreads starting from 0.2 pips on major currency pairs and does not charge commission on forex trades.
- The availability of advanced trading platforms and strong regulatory oversight from multiple esteemed organizations further solidify Worldtradex’s reputation.
- Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker.
The list may vary depending on the account type and the Worldtradex Group entity you are trading with. The minimum deposit of Worldtradex is $0 (Cent, Zero, Premium) and $100 Pro Account. Simply input the desired amount for transfer, click ‘start transfer’, and follow the on-screen prompts to finalize the transfer. Minimum withdrawal with e-wallets on Worldtradex is also $5 (₦8,000) and it takes only 10 minutes for you to receive the funds or it happens instantly.
- Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
- Founded in 2010, Worldtradex is a renowned broker with multiple regulations and ultra-fast executions of over 1000 trading instruments on its proprietary and MetaTrader platforms.
- Worldtradex offers 6 types of live accounts, aside from the swap-free Islamic account and demo account.
- Indeed, the curating, sourcing, and organization of this process requires substantial financial investment by Tradersunion.com, which the website earns in the form of advertising payments.
Founded in 2010, Worldtradex is a renowned broker with multiple regulations and ultra-fast executions of over 1000 trading instruments on its proprietary and MetaTrader platforms. The broker has received over 60 industry awards for outstanding performance. To open an account, simply click “Register” on the Worldtradex homepage, complete your profile, upload the required documents, and choose your trading platform.
Risk Warning :
Third-party payment processors and currency conversion fees may apply, and processing times depend on the payment processor. HF Markets provides a range of reliable deposit and withdrawal options to suit different preferences, from traditional Bank Transfers to more modern methods like Cryptocurrencies. With no deposit fees and the flexibility to withdraw using the same channels, traders can manage their funds efficiently.
In the next sections, we provide vital information on the available deposit methods and discuss the steps of depositing into an Worldtradex account. The approach to deposits by Worldtradex is quite straightforward, but it is important to grasp the intricacies before making any decisions. The minimum amount required varies depending on how you fund your account. While the flexibility offered is commendable, it can sometimes lead to confusion.
Worldtradex Deposit Fees and Deposit Methods
Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers. Filippo specializes in the best Forex brokers for beginners and professionals to help traders find the best trading solutions for their needs.
