Worldtradex’s minimum withdrawal depends on the method of transaction. Withdrawals to South African bank accounts require a minimum of R90. These withdrawals are processed within 1-3 hours and may also take about an hour or more for the funds to reach your bank account, depending on your bank. It’s important to note that some brokers only process deposits during business hours, so it is advisable to check the working hours with customer support. The availability of the Instant funding option indicates that deposits are processed automatically.
What Deposit methods does Worldtradex have on offer?
Worldtradex will send a verification and confirmation e-mail during the process. The deposit and withdrawal for WorldtradexFX are commission-free, and most of the payment options are instant, but some might take 30 mins to 1 hour. Through Worldtradex FX, you can access additional perks like autochartist signals, evolving trading conditions, weekend trading with digital assets, copy trading and a wide range of educational materials.
You can open a demo account on each of the available trading platforms. For Standard accounts, Worldtradex’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these. The selection of passive income options is limited, with copy trading being the only option available. In addition, the list of payment systems can change frequently, which can be annoying for some users.
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. A platform for copying trades with the ability to control risks is available. Trading on a demo account is an opportunity to test all the theoretical knowledge gained by using the demo account which does not allow financial losses. Of course, always double-check with your bank or e-wallet provider, as they might have their own independent fees.
Additional Perks Offered by WorldtradexFX
One thing to note – I couldn’t find many testimonials specifically from Indian users. But in my personal experience and from chatting with other traders, the general feedback has been positive. You can mirror successful traders’ moves if you’re not confident making your own decisions yet.
What is a demat account?
Let’s break down Worldtradex’s minimum deposits, accepted payment methods in South Africa, deposit rules, and everything else you should know before you fund your trading journey. 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.
Your card issuer may take a couple more hours to credit your account. They are processed within 1-3 hours, and may take an additional 30 minutes to transfer the funds. All the services on the Tradersunion.com website are free for you to use. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters. Indeed, https://worldtradex.biz/ 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.
- WorldtradexFX is an online forex, and CDF trading broker awarded the Most Reliable Broker Asia 2023 at the Global Forex Awards.
- Consider any on chain transaction fee for cryptocurrency withdrawals that are not charged by the broker directly within your overall assessment.
- Worldtradex uses modern technologies to protect the transactions and personal data of customers.
Customer support
Deposits for WorldtradexFX account users must transact in USD ($) and Europe (€). If there is any other currency in the account then it has to be converted into that currency. This WorldtradexFX no deposit bonus is typically $8 although it is only available periodically and not at the moment of writing. There is no pre-qualification or need to deposit in order to access this bonus amount. The reasoning behind this is likely to do with the stringent ESMA regulations in place and a desire from all the best forex brokers to remain completely transparent and compliant. Also check out our guide to WorldtradexFX account types before you open a real account.
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.
Traders search for the right Forex and CFD broker for only the minimum deposit. This allows you to compare the condition of the supplier with other brokers. What the deposit will look Worldtradex scam like will depend entirely on choosing your broker.
Worldtradex provides an accessible trading environment with a low minimum deposit of just USD 25 for all account types. This allows traders to easily get started and choose an account that fits their needs. Worldtradex’s low minimum deposit of $25, along with no fees and high leverage options, makes it a great choice for traders of all levels. Both WorldtradexTrader and MetaTrader 5 provide competitive conditions for efficient trading.
The recommended level of minimum deposit with WorldtradexFX is $100 but to be clear, this is the brokers’ recommendation and not required to be followed. You will find some differences in the minimum deposit for WorldtradexFX copy trading platform, as well as in Nigeria and other Countries. We will break each of these different levels out separately to make identifying your real minimum deposit WorldtradexFX will need a little easier.
However, a certain amount is still necessary for actual trading. The Worldtradex minimum deposit is only $25, but the recommended deposit is $100. It takes notably more capital than the Worldtradex minimum deposit to manage portfolios effectively or call for the effort to generate sustainable profits, something traders should consider. Internal deposit processing times are instant for Skrill, Neteller, and Mastercard deposits. Visa deposits take between one to five minutes, cryptocurrencies three to thirty minutes, and bank wires one to three hours, depending on the bank. The WorldtradexFX minimum deposit is only $25, but the recommended deposit is $100.
WorldtradexFX Deposits and Withdrawals
When we tried the customer support service offered by the broker, we realised that it offers prompt-based chat support and does not allow users to ask questions directly. Although the response is instant, the broker lacks a personal touch in customer support, you can opt for SmartSTP broker to get better and personalized customer support. WorldtradexFX charges no commissions and additional/hidden fees, which makes the broker a safe space for traders, especially novice traders. This seems like the perfect choice for novice traders to trade without any risks and access advanced trading features at the same time.
- For example, if making regular small deposits, a low fixed fee method may be more economical than percentage-based fees.
- Each account type has different trading platforms and leverages.
- Step 1) Sign in to your Worldtradex dashboard through my.Worldtradexfx.com/login.
- For a detailed comparison, check out our Worldtradex vs Exness section earlier in this review.
I’ve been using WorldtradexFX for about eight months and, on the whole, my experience with their trading platforms has been satisfactory. They offer MetaTrader 4, MetaTrader 5 and their own WorldtradexTrader platform (which I prefer the most). MetaTrader 4 is intuitive and perfect for basic operations such as opening and closing trades or checking market conditions. When I switched to MetaTrader 5, I realized that it was aimed more at experienced traders.
Worldtradex offers a unique feature with its bank wire deposits, which take only one to three hours versus three to ten business days at competitors. It makes Worldtradex one of the best brokers industry-wide in this regard. There are no internal deposit fees at Worldtradex, which is a secure broker, and traders can trust the deposit process.