It also covers the percentage of fees applied by WorldtradexFX payment systems. Worldtradex scam Whether there is a limit to the number of daily deposits of WorldtradexFX. Depending on your country of residence you will have different deposit methods and base currencies available.

There is high-quality and free analytics such as market analysis, Forex news, and real-time quotes. Step 1) Sign in to your Worldtradex dashboard through my.Worldtradexfx.com/login. As standard practice, you will be required to submit your government ID and proof of address for verification.

What are the currencies supported on WorldtradexFX for minimum deposit?

Traders, both beginners and those with experience can open different account types through this firm, which has a low minimum deposit requirement, making them affordable. The brokerage has two accounts with minimum deposits beginning from $25 it also has a sleek mobile application and a good selection of trading tools. You can make online transactions through your debit or credit card. The platform also allows you to deposit through Neteller, Skrill, BTC, and wire transfer. As the broker WorldtradexFX is in the average range, it allows the customer to deposit $100 as the minimum deposit in the first instance.

• Traders must choose their specific Worldtradex trading account if they have multiple accounts, their desired payment method, and their preferred deposit amount.
• Usually it takes within 1-3 hours to process the withdrawal (during business days) and another 1 hour to transfer funds.
• For example, I can see that the RBA (Reserve Bank of Australia) is making an interest rate decision today.
• Please remember that you must deposit a minimum of 50 USD to claim your welcome bonus.
• For instance, while bank transfers may have lower fees, they usually take more time to process.

Regulation and Safety of Funds

You can win up to a $1000 prize in the demo or Champion contest by efficiently trading with your demo account. The platform offers competitive spreads that range from 0.8 to 65 depending on the type of currency pairs. The currency pairs like EUR/USD and a few others have a tight spread of 0.8 pips; most pairs have competitive spreads except USD/ZAR, which has a spread of 65 pips.

You can expect slower processing on weekends of course but during normal trading hours, WorldtradexFX will service your request quicker than most. The WorldtradexFX minimum deposit starts from just $25 which is a positive and certainly low entry point to setting up a new account. This is a great thing to see from WorldtradexFX, as many competitors have their minimum deposit set almost 10 times higher. Worldtradex provides other deposit options, like cryptocurrency, which might benefit traders in countries with severe Forex restrictions. Additionally, their educational resources have been valuable in expanding our knowledge.

The variety in payment methods is strong, albeit it would be nice to have more options for local currency operations if the broker intends to grow its’ presence in the above mentioned Countries. While Worldtradex has limited deposit payment methods, they don’t charge any deposit fees. Let’s explore each payment category and find out how each can be used to deposit funds into an WorldtradexTrader, MetaTrader 4, or MetaTrader 5 account. Trading Forex, CFD, Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 77-85% of retail investor accounts lose money when trading CFDs with the providers presented on this site.

• You can create multiple trading accounts for your Worldtradex profile, each with its own balance and leverage.
• It can help lower potential currency conversion fees and increase overall profitability.
• The availability of the Instant funding option indicates that deposits are processed automatically.
• MetaTrader 4 is intuitive and perfect for basic operations such as opening and closing trades or checking market conditions.

With a strong focus on the Asia-Pacific region and a growing global presence, Worldtradex has earned numerous awards for its services. Worldtradex offers low spreads, various commission-free deposit and withdrawal methods, and negative balance protection. In addition to currency pairs, metals and CFDs, here you can trade Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple cryptocurrencies.

As per the recent updates, WorldtradexFX and other international brokers have been put on the alert list by Indian authorities because they were operating illegally. Some market analysis tools are economic indicators, market information, forex news, interest rates and holiday calendars. These tools effectively judge the market environment and make decisions that are most appropriate per the environment. There are a few differences that may be noticed depending on which method you choose to fund your account as you can see from the table below. In our opinion, this level of transparency indicates a broker that can be relied upon. This level of flexibility shows a strong dedication to being inclusive and providing convenience for their diverse clients worldwide.

Broker Comparison

The broker has two referral programs, including the Invite a Friend and the IB partner programs. Unlock lower spreads, personal guidance, and many other benefits by increasing your account balance. On the other hand, Worldtradex allows you to withdraw the bonus funds once specific trading volume requirements have been met.

WorldtradexFX Deposits and Withdrawals

WorldtradexFX will send a verification and confirmation e-mail during the process. You can only choose the trading platform when creating an account. Once it is created, you cannot switch the type of your Worldtradex trading account. However, you can just create another one on a different trading platform—for free.

Worldtradex provides a wide range of secure and convenient deposit and withdrawal methods, ensuring fast transactions with no commissions. Traders can choose from options like Neteller, Skrill, cryptocurrencies (Bitcoin, Ethereum, Tether), and traditional methods such as Visa, MasterCard, and South African local banks. WorldtradexFX generally does not charge commissions on deposits, but conversion fees may apply if depositing in a currency different from the account base currency. The minimum deposit in Worldtradex depends on your payment/deposit method. The most accessible option, cards (debit/credit), requires only a 3,237 KES ($25) minimum deposit to get started when using Visa cards.

While the platform likely offers them, it would be nice to see them right there on the main screen without having to dig into menus. And second, the dashboard seems a little light on customization options. That is why you should only invest money that you are prepared — or can afford — to lose at such high risks. Tradersunion.com does not provide any financial services, including investment or financial advisory services.

What Deposit methods does Worldtradex have on offer?

One issue Indian traders might face is the lack of local bank transfer options. A quick solution is to use e-wallets or UPI, which are usually faster. Usually it takes within 1-3 hours to process the withdrawal (during business days) and another 1 hour to transfer funds. However, the actual time it takes for the funds to reach your bank account or card can depend on external factors like the speed of your bank’s processing or card issuer. 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.

Renowned for its proficient charting utilities, automated trading functions, and comprehensive market analysis capabilities, MT4 is highly recognized within the community. Worldtradex requires a Minimum Deposit of $25 / ZAR 480 for MT4 and MT5 accounts. If you can ignore the limited range of assets, there is a low-cost broker with a fairly https://worldtradex.live/ standard setup.

Flexible margin trading

Worldtradex offers a limited selection of trading assets compared to the market average. The platform supports 277 assets in total, including 52 Forex pairs. As we discovered, Worldtradex does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker. I and quite impressed with the economic calendar offered by WorldtradexFX. The calendar shows upcoming events like interest rate decisions and retail sales reports, all with the potential to move the markets.

These include segregated accounts, SSL protection of your data, and 3D Secure technology for transfers. Watch this video guide for instructions on how to use your deposit bonus. It’s usually instant, except for bank transfers which can take 1-3 business days. Worldtradex, formerly known as WorldtradexFX, is a forex and CFD broker that’s been around since 2011. Founded by Andrey Wolfsbein and Denis Peganov, it’s headquartered in St. Vincent and the Grenadines. In 2023, they rebranded from WorldtradexFX to Worldtradex, aiming for a fresher look and expanded services.