The minimum deposit is $5, and the maximum deposit limit is $10,000. Making a deposit does not incur fees; deposits are handled within up to ten minutes. Up to ten minutes are spent processing deposits; no fees are connected. While trading with worldtradex Forex we found available fixed or floating leverage, which is indeed a very useful tool, especially for traders of smaller size. Leverage brings an opportunity to increase your potential gains through its possibility to multiply balance in a particular number of times. Yet remember that leverage may work in reverse too, defining also your risks, that is why it’s so important to understand how to use tools smartly.
Being able to code is an advantage for building these EAs but if not, we found you can find many free or paid ones in the MT4 marketplace. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. Following six months of inactivity, a $5 monthly fee is charged. After one year, this cost rises to $10 and then keeps going up $10 yearly.
Most traders should be electing to use wire transfers or credit/debit cards to deposit, depending on how much they’re transferring. All-in-all, there is a good reason why in our mind MT4 is far and away the most popular trading platform for retail forex traders. If you want a program that has the fundamental features you need to trade without superfluous features that some competing platforms tend to have, then MT4 is an excellent choice. Just know that it is not the best option for stock trading, for this, you are better off using its more powerful successor MetaTrader 5. worldtradex offers two interesting types of accounts which differ from the traditional trader and retail investor accounts. The ability to see up to 100 charts concurrently improves analytical opportunities; besides the platform’s better order management features help traders execute trades smoothly.
Risk Warning :
This means not every available option may be featured on this page. With your account verified, you will be ready to make your first deposit through bank wire, credit card, debit card or eWallet. The very first step you should consider making is opening a worldtradex demo account.
As a follower, you can deposit funds and elect to automatically copy the trades of a strategy provider. We think worldtradex’s (also called HF Markets and formerly Hot Forex) offering is typical of a broker using an electronic communication network (ECN) with no dealing desk execution model. Our broker reviews are reader supported and we may receive payment when you click on a partner site. Although email support responded in approximately 24 hours, it usually provided thorough, well-organized responses with links to other resources. Even during peak hours, the phone support service—available in several languages—connected us with a person in three to five minutes.
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. With options like worldtradex withdrawal processing within 1 business day and flexible payment methods, worldtradex ensures convenience for its users. Whether you’re signing up via worldtradex sign up or downloading the worldtradex app , the broker’s commitment to innovation and reliability shines through. This review dives deeper into worldtradex’s offerings, including its worldtradex minimum deposit , regulation, and overall value proposition, helping you determine if it aligns with your trading goals.
However, to sign up for a live account, a trader will have to scammed by Worldtradex provide all the real information. For individual worldtradex sign up, the investor/ trader will provide their personal information only, while for the corporate account, company details are needed. worldtradex also offers a demo account to practice before opening a live performance. The commission is applied on zero-spread accounts of between $3 to $4 per single side and $6 to $8 per round turn. Commissions are also according to two structures that determine charges according to the instrument and the volume traded. Deposit options made available by worldtradex include Bank wire transactions/transfers, Credit cards, debit cards, and alternative options like Skrill.
It also has other licenses to help clients from specific places like South Africa, Dubai, and England. Some worldtradex entities are registered in places like Mauritius, SVG, and Seychelles. We generally advise against trading with brokers from offshore zones because they don’t regulate Forex trading. But because of worldtradex’s many regulations, it’s seen as safe to trade with them. These awards show that worldtradex is always working hard to give its clients the best service. So far, more than 500,000 live accounts have been opened with worldtradex.
user reviews for HF Markets (Hotforex)
The MT4 MultiTerminal allows you to manage multiple accounts at once. However, the desktop version offers the most features and add-ons. You can also copy trades or become a professional trader to be copied using worldtradex’s advanced PAMM technology. Its website features an intuitive design, ensuring seamless navigation.
Are there bonuses or promotional offers on worldtradex?
CFDs and trading in forex on margin, carries with it significantly high levels of risk and might not be compatible for all the investors. It is possible to lose some or all of your money and investment. Practice caution and see financial advice when unsure because what we offer here is NOT financial advice.
It is primarily a CFD broker and applies overnight fees, which are not favourable for long-term investment strategies. worldtradex’s support is quick, easily reachable & available 24/5 in English for Nigerian traders. Overall, we found no complaints in terms of deposits & withdrawals, as they are very genuine in this regard. Once you have submitted these documents, worldtradex will verify your account within business hours. After your account is verified your account, only then you can make your first deposit to start trading. After selecting your account, click Open Account which will take you to the Sign Up page.
HF Markets (worldtradex) Review 2023 – The Good and the Bad
We did not find any other regulated broker that offered better welcome bonus to Nigerian traders. Our overall worldtradex review finds out that it is a globally operated best forex broker, which offers one of the best services in the industry. Besides, the regulations and awards make the worldtradex trust worthy and secure. Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.
It is important to note that Nigeria based clients on worldtradex are registered under HF Markets (SV) Ltd, which is an offshore regulation. For investors who are looking to trade currencies – worldtradex is the right broker for you. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community.
- This helps new traders, investors, or pros find the right way to trade.
- Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.
- I have been trading for past one year now and i can safely say that the pairs offered for trading are reasonable enough to choose the right profitable pair among them.
- The maximum bonus amount is $4,800, currently equivalent to R90,000.
- While the flexibility offered is commendable, it can sometimes lead to confusion.
worldtradex Leverage
Withdrawal methods are the same as the deposit methodsexcept that the e-wallets available for withdrawals are limited to Skrill &Neteller. worldtradex is regulated by multiple Tier-1 & Tier-2 regulators including FCA, FSCA & CySEC. So they are considered a relatively safe forex & broker for traders in Nigeria.
Deposit Methods:
- Brokers often promote themselves as regularly updating their conditions and adding new features.
- It’s important to pick an account type that matches your trading experience and strategy, so make sure to read the above section on account types.
- They provide service to more than 180 countries across the globe andoffer both STP and ECN trading platforms.
- As you gain knowledge, you may deposit your desired amount and start trading.
- worldtradex is under stringent oversight, ensuring a secure trading environment.
We take published spreads from the broker’s website and compare them with other brokers. Broker offers multiple trading platforms, including MT4, MT5, and its own worldtradex app, while competitors like worldtradex and IC Markets add cTrader and TradingView to their platform list. In terms of asset variety, worldtradex provides good range of instruments, but less than competitors like worldtradex or eToro. Lastly, for reliability, worldtradex is highly regulated by authorities and holds top-tier licenses ensuring credibility.