Clients are allowed to trade their favorites, and at that, with low spreads. Our mission is to assist millions of traders in finding the best broker. We unbiasedly review every broker and rank them based on their market standing, regulation, and other factors. Reviews are updated regularly to ensure that every trader has the most up-to-date information before making a choice. worldtradexFX offers 24/7 customer support through live chat on the broker website. However, it lacks other customer care support resources, including email and phone support.
- The custom-built worldtradexFx mobile trading app features a simple yet functional user interface.
- The process is simple; refunds are automatically credited, providing users with considerable convenience.
- 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.
- To qualify, you must deposit at least $50 to get a 50% bonus of that amount.
- In their review, they claim their European entity being largely unregulated is a red flag.
The Mobile app offers market data; quotes in simple and advanced modes. Users can decide to view prices of their chosen trading instruments in advanced mode, showing its spread and daily highs or in simple mode without the extra information. The mobile app offers a wide array of tools and indicators ranging from trends, to oscillators, to volumes and lastly bill Williams.
The broker does not typically charge deposit fees, though third-party costs may occur. Your commission-based earnings via the Affiliate Programme are directly proportional to the trading volume of new users who sign up through your referral link. An exceptional characteristic is the possibility of earning commissions of up to 80% spread RevShare, which equates to earnings of up to $12 per lot traded by customers referred. By partnering with a reputable trader through worldtradex’s Affiliate Programme, South Africans can access a comprehensive business platform that will assist them in reaching their financial objectives.
How long do worldtradex Withdrawals take?
Both worldtradexTrader and MetaTrader 5 provide competitive conditions for efficient trading. Naga is a licensed, publicly-listed broker founded in 2015 with over 1 million registered users. This review will show you how to open an account at Naga to begin online trading and investment.
Each index has its own trading hours coinciding with the global financial markets. Check the schedule to learn when you can trade certain indices. The broker frequently offers deposit incentives, like a 50% deposit bonus, but availability and requirements change, so check their current promos. Furthermore, emphasizing educational resources and responsive customer service improves the trading experience, fostering confidence among beginning traders.
Why are there no charges for deposits or withdrawals?
In their review, they claim their European entity being largely unregulated is a red flag. According to a member on Reddit, worldtradexFX occupies the security commission’s list of platforms to avoid. However, some users have appraised the company, claiming they had good trading experience and fast withdrawal. However, on a review that an account has been inactive for long it gets deactivated. Various account types on the 3 platforms have different deactivation dates as stated below. According to the worldtradexFx website, the broker does not charge any fee on deposits and withdrawal.
Best Countries by Traders
If your withdrawal request has not yet been processed, you can cancel it. Furthermore, worldtradex ensures that MT4 users in South Africa have consistent execution rates and minimal latency, both of which are critical for day trading and scalping tactics. The commission is computed as a proportionate amount of the trading volume that your referrals produce. Prominent partners from Malaysia, Indonesia, and South Africa have been acknowledged and lavished with commissions as part of the program’s recognition and reward system. worldtradex’s reputation as a broker, supported by more than sixty industry awards, enhances the program’s credibility.
- Renowned for its proficient charting utilities, automated trading functions, and comprehensive market analysis capabilities, MT4 is highly recognized within the community.
- The worldtradex App is intended for traders who want to manage their transactions on the road.
- As a copier here, you also will not be charged any other commission besides that set by the person you are copying.
- In addition to the markets offered, as an worldtradexFX trader, it is likely that you may come across some of these extra products that the broker makes available depending on your location.
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. This seems like the perfect choice for novice traders to trade without any risks and access advanced trading features at the same time. Moreover, you can also participate in demo contests arranged by the broker and earn actual cash rewards.
The MT4 account, also called traditional account, is an account type used by new and experienced traders alike. It not just offers excellent trading and analytical Worldtradex official site tools, but is also flexible enough to implement simple, as well as, highly complex trading strategies. The platform supports trading forex pairs, commodities, indices, cryptocurrencies but not stocks.
Withdrawal Fees
Still as a trader, you can bank on the legitimacy and security provided by CySEC regulation. Yes, it offers a referral program where users can get to invite friends for incentives. The referral program known as Invite-a-Friend has its commission rate to be 1$ per 1 standard lot. The company’s educational library is well maintained and offers rich learning resources that includes webinars, articles, platform tutorial videos and a video course. Of course, always double-check with your bank or e-wallet provider, as they might have their own independent fees. They operate under the name Orinoco Capital (Pty) Ltd and are regulated by the Financial Sector Conduct Authority (FSCA) as financial service providers (FSP).
worldtradexFX has multiple contests, including a demo contest and an Archive contest. You can win up to a $1000 prize in the demo or Champion contest by efficiently trading with your demo account. 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.
The withdrawals are sent to SA bank accounts in few hours, so if you make the withdrawal request to your bank during business hours, it is normally received in the same day. You are offered a range of financial asset classes to select from by worldtradex. However, its offerings are limited in comparison with other standard Forex brokers in the market. South African traders signing up with worldtradex are registered under FSCA regulation.
worldtradexFX deposit: minimum, payment methods and fees (
This is because we profit from spreads, which are the lowest on the market. No, worldtradex charges no commissions, deposit fees, or withdrawal fees, making it a cost-effective platform for traders. worldtradex broker provides amazing useful instruments and materials for traders from South Asia. I have only had positive experiences with their easy-to-use interface and very fast payment services.
As a beginner trader or investor on worldtradexFX, you must deposit a minimum of $100 or 100 euros. On top of this, you can also make a minimum deposit of 50% of this amount, but the conditions will be slightly different. No, worldtradex does not impose any fees for deposits or withdrawals, allowing for hassle-free fund transfers. There is no way you can trade indices directly, but you can trade contracts on indices with worldtradex.
worldtradexFX allows traders to use several transaction methods for transactions. It can be called a special opportunity and helpful for customers. Operating under multiple top-tier financial regulators and offering security measures like negative balance protection, funds segregation, etc., makes the broker extremely reliable.
These include the majors as well as crosses amongst EURUSD, GBPUSD, GBPJPY, USDJPY, USDCHF, AUD/USD. You are not charged any commission for withdrawing or depositing funds at worldtradex. Both social and copy trading is well provided for at worldtradexFX through their own proprietary copy trading service. The only real difference here being that as a master you can earn commission. It also provides for detailed analysis with market reports and more to offer.
Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. 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. This indispensable resource, replete with substantial virtual capital, is accessible to traders based in South Africa. An example of such a feature is the worldtradex Demo Account, carefully crafted to replicate authentic market conditions and offer a seamless trading experience. The MetaTrader 5 (MT5) Account offered by worldtradex is tailor-made for traders seeking cutting-edge trading technology. The worldtradexTrader Account is intended for traders who want a simple and efficient trading experience.