The actual spreads may be higher or lower depending on the market volatility. Over 11 years, it has gained the trust of millions of clients from more than 180 countries. Some representatives could not answer some questions and referred us to send an email enquiry instead.
Trading fees
But to withdraw the bonus funds, you need to trade half the number of standard lots equal to the bonus that you receive. So, if you are trading GBP/USD Worldtradex cheating for example on worldtradexTrader, the typical spreads are 1.2 pips normally intraday during active sessions. Below is the screenshot of their live spreads taken during the NY session opening.
worldtradex Trading Instruments
- The customer support offered through live chat is quick and helpful, and also available in the local language.
- However, there are several factors that new investors want to be sure of when entering the financial markets, and one of them is the trustworthy broker.
- But to withdraw the bonus funds, you need to trade half the number of standard lots equal to the bonus that you receive.
- worldtradex also has negative balance protection, low spreads and offers commission-free and swap-free trading which will al contribute to lower fees as a beginner.
- The copier does not need to copy the trades manually, it happens automatically.
Moreover, worldtradexFX’s loyalty program rewards long-term clients with various perks, including reduced spreads and exclusive access to premium features. This focus on rewarding loyal customers further enhances worldtradexFX’s reputation as a customer-centric broker. We are a forex broker comparison & education website for traders in Malaysia.
Trading competition winners share their experience and strategies. Long-term clients detail their trading journey development. For traders in Malaysia, especially those new to Forex trading, education is key to success. worldtradexFX recognizes this and provides an extensive range of educational resources to help traders improve their skills and knowledge. The broker offers webinars, tutorials, and articles covering various aspects of Forex trading, from basic concepts to advanced strategies. In addition to competitive spreads, worldtradexFX offers leverage options that allow traders to maximize their potential returns.
Is worldtradex a good broker?
Also, note that there are no foreign CFD brokers that are regulated in Malaysia. If you are trading with any foreign forex/CFD broker, you are doing so at your own risk. You account will be registered under the broker’s an offshore regulated entity (please note that this is the same for all forex brokers). Trading instruments include major global markets and local assets. Commodity trading includes oil, gold, and agricultural products.
worldtradex trading app
The next step is to select a Master Trader whose trade you want to copy from the ranking list. You should go through the list of Masters to check their trading history and performance, and then choose the one you prefer. Keep in mind that different Master Traders have different settings so you might have to adjust your balance accordingly. Step 6) Step 6)Immediately, you will be taken to your account dashboard.
Does worldtradexFX pay money?
- worldtradex is legit forex broker that is regulated in multiple jurisdictions.
- It is also a rare broker fully compliant with Shariah law for Islamic traders.Beginner traders will benefit from well-thought-out research and educational services.
- Among the various Forex brokers available, worldtradexFX Malaysia stands out as the most preferred choice for both novice and seasoned traders.
- The customer support of worldtradex is available 24/7 via live chat and email, they respond quickly, and their answers were satisfactory.
- This means your orders are transferred to interbank liquidity providers.
They have been operating since 2011, so have a track record. You can withdraw as little as MYR 100 or USD 5 on worldtradex, depending on the payment you are using. You can withdraw to your Malaysian bank account, card or e-wallet. After choosing a Master Trader, the Copiers are all set to copy their trades and benefit from the expertise of professional traders.
But, many traders will find that the instruments that they offer are quite limited compared to other brokers. Also, worldtradex is less well-regulated than comparable brokers and is only regulated by a single Tier – 1 regulator. The availability of instruments depends on the type of account that is being used. The MT5 account type offers the widest range of instruments to trade. worldtradex offers a variety of deposit and withdrawal methods for traders in Malaysia. For example, the spreads on DE40 is 2 pips, which is the lowest compared to other CFD brokers.
Not long ago, worldtradexFX partnered with Malaysian educational organisation Ideas Academy to digitalise multiple learning centres for refugees and underprivileged students. Based on the overall reviews, we have found fewer complaints regarding issues with worldtradex from traders. This generally means the broker is responsive in handling client issues. The customer support of worldtradex is available 24/7 via live chat and email, they respond quickly, and their answers were satisfactory.
Unlike some brokers who strive to get the next best price for you in this situation, worldtradex deems this slippage natural and will not bear any responsibility for it. This is because the price deviation (opening/closing) is due to the available liquidity. This means your orders are transferred to interbank liquidity providers. However, some orders may fail to offset or worldtradex might choose not to upset them.
This website serves as an overview and information platform about the broker. All articles and content on this site are written by industry experts and are intended to provide information and opinions. Please note that this site is not affiliated with the official website of any broker that is reviewed or mentioned.
worldtradexFX Malaysia provides forex and CFD trading services since 2011. Operating in Malaysia, the company maintains high standards of trading execution and client support. The Malaysian office serves as a regional hub for Southeast Asian traders. Trading volumes exceed 50 million USD daily through Malaysian operations. The company processes over 1,200 transactions daily for Malaysian clients.
You will see full payment option based on your region while submitting the withdrawal request. The process normally takes 1 to 3 hours during working days. Overall, we believe it is moderate to high risk to trade forex & CFDs with worldtradex if you are a trader based in Malaysia. Desktop Trading Platform – This is functionally and design-wise similar to the web trading platform. In the desktop version, you are offered greater functionality than in the web version.