Furthermore, worldtradexFX employs 3D secure technology for credit and debit card processing, which guarantees the transparency and safety of all Visa transactions. 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. However, it’s important to do your own research and practice with the demo account before trading with real money. They offer spread-only accounts and offer commission-free trading on all tradable instruments.
The customer support of worldtradex is available 24/7 via live chat and email, they respond quickly, and their answers were satisfactory. After every chat and email, the system sends a feedback form, for users to rate the support received with a thumbs-up or thumbs-down, and a space for comments which is optional. Some representatives could not answer some questions and referred us to send an email enquiry instead. Some chat agents declined to answer some questions, claiming they could only give such information to registered worldtradex traders. Note that you need to verify your account before you can initiate withdrawals. The company sponsors charitable and humanitarian initiatives that aim to improve educational infrastructure and support local communities in Malaysia and worldwide.
Our best spreads and conditions
The account has negative balance protection which means you cannot lose more than your deposits. If you suffer a loss from an unsuccessful trade, any negative balance that accrue in your account will be reset to zero and you will not need to deposit any money to clear the negative balance. In terms of regulation, worldtradex is considered a moderate-risk forex & CFD broker for traders based in Malaysia. Spreads on this account start from 0.6 pips, you do not pay any commissions on trades, and no swap fees are charged for keeping an open position overnight. They support deposits/withdrawals to Malaysian bank accounts, and has 24 hours live chat and email support from Mondays to Sundays.
Not long ago, worldtradexFX partnered with Malaysian educational organisation Ideas Academy to digitalise multiple learning centres for refugees and underprivileged students. Download our app and keep track of your orders whether you’re in the office, on vacation, or at home. Based on the overall reviews, we have found fewer complaints regarding issues with worldtradex from traders.
- Let’s discover whether you can trust this broker or if worldtradex FX is a scam.
- Here is a summary of payment methods for withdrawals accepted on worldtradex.
- worldtradex is not regulated in Malaysia, and traders are trading at their own risk.
- Step 6) You will be taken to a page to select a payment method to make a deposit.
Tutorial platform
However, there are several factors that new investors want to be sure of when entering the financial markets, and one https://worldtradex.club/ of them is the trustworthy broker. Choose from 300+ trading instruments, including shares, commodities, and indices. 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.
How much does worldtradex charge per trade?
If you click on SKIP, you will be taken to your worldtradex dashboard which shows your account balance and other information. Traders can withdraw the worldtradex bonus after they meet a trade volume requirement of half the bonus amount in lots. For example, if a client receives a $50 bonus on a $100 deposit, the bonus amount will be locked and released for withdrawal when trade volume is equal to half of $50, (that is $50 divided by 2), which is 25 lots. Because worldtradex provides market execution, there is a high likelihood that your orders might be opened or closed at a price different from your requested price.
If you have funds in your worldtradex trading https://worldtradex.world/ account already, you can simply do an internal transfer to your CopyTrading wallet. The minimum withdrawal amount on worldtradex is MYR 20 for local bank accounts, $5 for withdrawals to e-wallets, and $20 for cards (Visa). Step 5) Select the account type you want to open (worldtradexTrader or MT5), select Live Account, choose your preferred account currency, set a leverage limit and click ‘Make a deposit into account’.
If there is any negative balance from an unsuccessful position, the account is reset back to zero balance. Additionally, worldtradexFX adheres to rigorous security protocols, which include segregated accounts and negative balance protection, ensuring compliance with international standards. To enhance safety, the broker requires identical payment details for both deposits and withdrawals. This precautionary measure prevents unauthorised third parties from withdrawing funds, even if they gain access to a user’s account.
Leverage on worldtradex depends on the type of account or instrument you are trading. worldtradex is regulated and licensed by CySEC (Cyprus Securities and Exchange Commission), Mwali International Services Authority (MISA), Financial Sector Conduct Authority (FSCA), Financial Services Commission (FSC). Their entity is registered in the Island of Moheli, Comoros Union as worldtradex Markets Ltd.
worldtradex accepts deposits from Malaysian banks and allows withdrawals to all Malaysian banks. You can also deposit via cards, e-wallets and cryptocurrencies. Withdrawals can only be made to the same account from which the deposit was made, and must be in the account holder’s name. No third-party deposits/withdrawals are accepted on worldtradexF. Step 6) You will be taken to a page to select a payment method to make a deposit.
Ulasan worldtradex-oleh trader sebenar
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. CopyTrading on worldtradex is a feature that is designed for traders that do not want to trade on their own and would rather copy the trades of other traders, known as Master Traders. This allows especially new traders, known as ‘copiers’ to profit from the knowledge and trading experience of professional Forex traders by automatically copying the trades the Master Traders make.
Arbitrage strategies carry along with them latency abuse, price manipulation, and time manipulation. If you are found using these strategies, worldtradex might cancel your orders, cancel your profits, close all your trading accounts, and refuse to allow you to open a new one. Also, addition, orders less than 180 seconds can be considered abuse and canceled too. The next step is to select a Master Trader whose trade you want to copy from the ranking list.