The worldtradexFX Masters fee is applied if you are copy trading with the broker. This is the commission fee charged by the Master (Signal Provider) whose trade you are copying, and it is up to the individual provider how much this fee will be. However please be aware that some fees may be applied in certain cases.

What deposit bonus does worldtradex offer?

Video content is also provided via YouTube, with much of this content archived. This provides a great digital library of webinars that users can take advantage of. One area where worldtradexFX stand out is their approach to trader feedback. There is even a forum where traders interested in getting the most out of trading with worldtradexFX can benefit from airing their views or taking the opinions of others. The cTrader site has a nice aesthetic and intuitive functionality.

Is worldtradex regulated in South Africa?

However, it lacks other customer care support resources, Worldtradex including email and phone support. worldtradexFX charges no commissions and additional/hidden fees, which makes the broker a safe space for traders, especially novice traders. Trading in the Muslim community is considered haram, but swap-free trading accounts, which do not include interest charges, are considered legitimate.

Space is a unique live feed designed by worldtradex to get you fresh trading ideas right in the worldtradexTrader trading platform. Learn about the current trends on different markets from the worldtradex experts and open orders right on the same screen to save time and effort. worldtradex mobile trading apps are useful for both advanced and beginner traders. The globally recognized trading platforms like MetaTrader 5 and MetaTrader 4 are offered by worldtradex for trading through Web – Windows and Mac and Windows Desktop. There is not much different in these account types other than the platform. If you want to trade on MT4, then choose MT4 account, but if you prefer MT5, then choose MT5 account.

  • However, with deposits using bank cards, your card issuer may charge some fee for processing the transactions.
  • Depending on the market’s volatility, clients can expect to pay a minimum spread of 0.6 pips on trading pairs like GBP/USD and EUR/USD.
  • Forex, binary options, cryptocurrency, and CFD trading on margin involve high risk and are not suitable for all investors and traders.
  • Here is a closer look at a few of these features and how they can benefit you as an worldtradexFX trader.

worldtradex South Africa FAQs

A low spread andminimum depositas well as its own copy trading service make it perfect for many. While they do offer top trading platforms MT4 and MT5, if you are looking for a wide range of assets they may not be perfect. The exact spreads at worldtradex are variable based on the account type you choose with them. Both the accounts have low spreads & no extra commissions per lot. The social and copy trading experience, hedging, scalping and the option of swap-free accounts are welcoming features offered by worldtradexFx.

Here the broker makes a special fixed exchange rate of 1 USD to 10,000 IDR available that can help traders combat currency volatility. worldtradexFX doesn’t charge traders any commission for holding an order overnight. worldtradexFX offers a great demo account that is easy to sign up for, just needing the most basic of your personal information and an email address. Overall great value with a choice of more than 70 assets to trade.

worldtradexFX Customer Support

Copy trading is a way to make trading more accessible by copying trade positions. Moreover, you do not need trading experience for copy trading, so even novice traders can participate without incurring losses and risks. 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. Trading with a reliable broker is important for traders to be shielded from potential risks and challenges. worldtradexFX is an online forex, and CDF trading broker awarded the Most Reliable Broker Asia 2023 at the Global Forex Awards. Customer support for mobile trading is of a high level and can also be accessed 24/5 via a live chat function.

To have a clearer overview on the matter, you should definitely read our forex brokers bonus promotions top ten. Spreads are widest on the MT4 Micro account and there are also fewer instruments to trade through this account. Typically, the spread on a EUR/USD trade might be 1.1 pips, but if the same trade is made through the MT5 Pro account, this might drop to 0.9 pips.

It will also explore the investment safety measures provided by the broker. Each worldtradexFX trading account is assigned a base currency, which indicates the money that you deposit with the worldtradexFX trading platform will be held in that particular currency. Some online brokers provide trading accounts like worldtradexFX in only the four major currencies (US Dollars, British Pounds, Euros, and sometimes Japanese Yen). When moving money to worldtradexFX there may be a currency conversion fee for worldtradexFX clients if the base currency of your payment method differs from the base currency of you worldtradexFX account.

  • If you want to expand your research, and evaluate some options similar to this broker, you can consult the alternatives to worldtradexFX.
  • The minimum deposit helps in increasing the number of customers.
  • With worldtradexFX another of the measures in place to keep you safe as a trader is negative balance protection.
  • The most accessible option, bank transfer, requires only a R480 minimum deposit to get started.

You only pay the variable spreads on every instrument worldtradex has on their trading platforms. Furthermore, this account type frequently includes increased support services, which provide traders with rapid advice and direction. 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. Matching your base currency to that of your deposits and withdrawals can be an important way to help you save on paying conversion fees which ultimately increase your cost of trading.

Meta Trader 5

The spread for all available currency pairs offered by worldtradexFx – including major, minor and exotic pairs are listed in the table below. worldtradexFx offers 33+ forex pairs, inclusive of majors (the EUR/USD pair, GBP/USD, USD/JPY), minors (EUR/GBP, GBP/CAD, AUD/CAD) and other exotic pairs. Clients are allowed to trade their favorites, and at that, with low spreads.

Your money will be converted to USD because their account’s base currency is in USD. Here is a summary of payment methods accepted by worldtradex for deposits. Overall, the minimum deposit on worldtradex in South Africa depends on the payment method you are using. It should be made clear that you can only withdraw funds to method that was the source of your deposit. For example, if you made deposit using bank transfer to worldtradex, then you cannot withdraw to your Skrill wallet.

No, worldtradex charges no commissions, deposit fees, or withdrawal fees, making it a cost-effective platform for traders. 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 offers benefits like negative balance protection and no commission and interest charges in the Islamic account.