The broker has received over 60 industry awards for outstanding performance. worldtradex generally does not charge commissions on deposits, but conversion fees may apply if depositing in a currency different from the account base currency. That means any time you top up your trading account, the entire amount arrives intact.
To sum up, worldtradex offers an end-to-end solution from on-boarding, to execution and settlement of payments. Anybody who wants to signup with worldtradex for trading forex & CFDs should consider it a safe & low risk broker. worldtradex has bonus available for South African traders including 30% rescue Bonus with $50 deposits, credit bonus with $100 deposit and a Super charged bonus Worldtradex website with $250 deposit.
- Expect your funds to appear in your account between 2-10 days.
- The list may vary depending on the account type and the worldtradex Group entity you are trading with.
- Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis.
- For crypto users, a slightly higher amount of $30 will be required, while bank transfers have the highest minimum of $100.
worldtradex is an online trading brand with high prestige in thefinance world, with certifications and awards to substantiate theirreliability. They are a well-regulated STP broker with awards for its clientprotection and product offerings. The worldtradex Zero account offers spreads starting from 0 pips, with a trading volume commission of $6/lot round turn, which is 14% cheaper than the industry standard commission of $7/lot. The worldtradex Zero account features raw spreads from 0 pips and a trading volume commission of $6/lot round turn. They also offer fast execution times and the option to automate trades with Expert Advisors (EAs).
Comparison Of HF Markets Minimum Deposit With Other Brokers
- worldtradex is a well regulated broker (regulated by Top-tier regulators FCA, CySEC, FSCA), so we consider it very safe to deposit funds & trade with them for traders in Nigeria.
- They also offer Naira accounts and the minimum deposit in NGN is equivalent to the amount in USD for that account type.
- If you are a beginner, you may start with as little as $100 or less.
Overall, we have found worldtradex’s list of instruments to be okay, and their fees is moderate for most of the instruments. The availability of multiple asset classes (including trading on major indices) is a plus. Check the exact specifications like the Swap fees, trading hours, max. Click on that instrument for the exact specifications of the overall fees & other important points to know if you are trading an instrument on worldtradex’s platform. worldtradex allows trading under 7 asset classes (the same as most other brokers).
Additionally, it’s available as a swap-free option for Islamic traders. HF Markets offers several deposit options, including Bank Transfers, Debit/Credit Cards, and Cryptocurrency, allowing traders to choose the method that best suits their needs. worldtradex is a forex and commodities broker that provides award-winning trading services and facilities to retail and institutional clients worldwide.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. Traders must differentiate between account base and deposit currencies to avoid confusion and potential currency conversion fees. The former is the base currency of a trading account, and the latter are currencies available for deposits through payment processors.
Can I withdraw funds using the same method I used to deposit?
For more experienced traders seeking additional features, the Pro and Pro Plus accounts require a reasonable minimum deposit of $100 and $250, respectively. worldtradex is a forex and commodities broker that offers trading services to both retail and institutional clients worldwide. The broker provides a wide range of trading options, including access to various liquidity sources. The worldtradex Minimum Deposit amount required to register a live trading account will range between USD 0 and USD 250 depending on the live trading account type chosen.
Do we recommend worldtradex (HotForex) South Africa?
HF Markets (worldtradex) is a MetaTrader broker, meaning that their platform is created by the well-known company Metaquotes Inc. When creating an account, users are able to select which platform they want to trade with. HF Markets also charges an inactivity fee of $5 monthly after 6 months of inactivity but on the positive side they don’t charge deposit or withdrawal fees. When you make a small deposit, they manipulate the market till you blow your account. I started well but since first blow they’re manipulating the market, almost like they red flagged my account. Last withdrawal made was July 6th, total amount of 560 usd, received in Skrill account on July 7th.
Another positive point is that internal transfers between accounts are possible yet it’s very important to point out that when you open an account, your base currency cannot be changed after. Opening account with worldtradex South Africa is very simple and does not take much time. You simply need to follow the below steps to open an account with them to start trading. Itis a very comprehensive offering and is led by the worldtradex Head Markets Analyst. Metals are often more resistant to various macroeconomicevents; hence they are an excellent option to diversify your portfolio. Metals are available on the Spot market including Gold,Silver against the USD, and Euro.
Is worldtradex suitable for institutional clients?
The Zero Account on HF Markets requires no mandatory minimum deposit. You can activate the account without any deposit, however to start trading, you must make a deposit, and the minimum deposit you can make via the payments method is R100 or $5. They accept different currencies for deposits based on traders’ regions. Some of the currencies accepted are GBP, EUR, ZAR, NGN, KES, MYR, KHR, IDR, KES, UGX, TZS, etc. ForexBrokers.co.za is a broker comparison & education website for South Africans. We aim to help traders in South Africa find the best forex brokers.
At worldtradex you can find over 50 Forex pairs and 500 CFD assets, including metals, energies, indices, stocks, commodities, bonds, ETFs, and cryptos. Forex spreads start from 0 pips and there’s a $6/lot round turn commission. If you’re considering making additional deposits, the Top-Up Bonus offered by worldtradex is an attractive perk to take advantage of.
Additional worldtradex Fees
Withdrawal options made available by worldtradex include Bank transfers, Credit cards, debit cards, and alternative options like Skrill. I had found out that it is honest broker with which I am trading for years now and i had noticed many improvements since i joined them. For fastest response time, we suggest to use the live chat on their website. You can talk to their support at any time during the week days & expect prompt response. After selecting your account, click Open Account which will take you to the Sign Up page.
In our analysis, we have discovered that this tiered system has both positive and negative implications. That can be a good option if you want to start with a small deposit. However, more experienced traders might feel restricted by the higher minimums required for certain methods. worldtradex Minimum Deposit amount required to register a live trading account will range between USD 0 and USD 250 depending on the live trading account type chosen. The deposit structure is quite flexible, with no minimum required for Cent, Zero, and Premium accounts, allowing beginners to get started with ease.
Withdrawal Methods:
They also offer Naira accounts and the minimum deposit in NGN is equivalent to the amount in USD for that account type. But in general, we don’t put too much emphasis on trading platforms, given the fast that almost all the regulated brokers out there have Metatrader web & mobile platforms available. Traders are restricted to using only the MT4 trading platform.
