Is Worldtradex a reliable broker? Forex Brokers BabyPips com Forum

Our experts were pleased to see a swap-free Islamic account is also available for Muslim traders. In this HF Markets review, our experts assess the benefits and drawbacks of signing up, from account types and minimum deposits to welcome bonuses, leverage and withdrawal times. Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms. He is an expert in Compliance and Security Policies for consumer protection in this sector. Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings. The Zero account provides traders access to all Worldtradex trading instruments globally, with a minimum trade size of 0.01 lot.

These conditions are designed to enhance the trading experience, providing both flexibility and efficiency. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. The trader’s board is a helpful tool what allows me to follow important market events, but it would be more effective if could offer a more comprehensive analysis.

Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.

What types of bonuses does Worldtradex offer?

Toll-free local phone numbers and email addresses give clients direct, free access to quality customer service in their language. Because we opened a live https://worldtradex.club/ account, we had access to the Worldtradex e-Course. We found that the course is well-structured and includes the basics of Forex theory and Forex trading, reading and interpreting charts, trading strategies, trading psychology, and technical analysis. Worldtradex also offers support for MT4 MultiTerminal, providing a convenient method of managing multiple accounts simultaneously from a single interface. Our documents were checked by the verifications department and were approved in around 48 hours, which is longer than other similar brokers. Note that any deposits will be credited to the account only after your documents have been approved and the myHF area is fully activated.

Overall, we were pleased with the range and depth of financial assets available at Worldtradex.

When you join, the company gives you support by assigning a manager to help you. With Worldtradex, you can be sure they keep up with the latest trends in trading conditions and innovative features. This suggests they regularly review their terms and stay ahead of the competition.

How do I open an account with Worldtradex?

Hotforex is very good, they are providing great trading conditions for traders, with a competitive spread on forex, a good number of cdfs and cypto to trade as well. 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 serve both retail as well as Profession traders, offering more than 1000+ asset choices including forex trading, and CFDs on commodities, energies, metals, popular stocks, and indices. Worldtradex offers live trading webinars, educational videos, trading tutorials, and a detailed FAQ section. These tools support traders at every level, from beginners learning the basics to pros enhancing their strategies.

Professional traders are permitted to set performance fees up to a 35% split of profits. The pattern recognition tool can help identify potential trades along with set-up guidance. You can integrate the tool directly into the MetaTrader platforms to provide continuous market scanning, 24 hours a day.

I found the account registration thorough, including a multiple-choice questionnaire to test my trading knowledge. If you do need to get in contact with the support team, you will find them readily available in English through live chat, email, or phone. No, the only Worldtradex demo accounts available are the Cent, Zero, Premium and Pro accounts. Worldtradex withdrawals are secure, but can be quite slow requiring up to 10 business days to get through. However, if you withdraw money with Skrill or Neteller, the withdrawal is instant.

• Moreover, the broker holds an impressive trust score of 96 out of 99.
• Overall, we found that the analysis provided by Worldtradex’s experts is detailed and accurate and is on par with the in-house research provided by other large international Forex brokers.
• Whether using local bank transfers or digital wallets, clients enjoy flexibility, strong security standards, and 24/7 access to manage their funds efficiently.

This starting point balances accessibility with enhanced trading conditions for those ready to elevate their market presence. Its key edge is the raw, super-tight spreads with no markup, combined with ultra-low commissions from $3 per lot and high leverage. It’s perfect for traders who prioritize accuracy and low-cost execution. Worldtradex’s multi-jurisdictional regulatory compliance stands out in the online trading industry, giving traders peace of mind. Its firm commitment to security, fund protection, and transparent operations makes it a broker clients can genuinely rely on. HF Markets (Worldtradex) is a reliable and well-regulated Forex broker with global appeal.

Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested, and only 11-25% of traders earn a profit. Compare top platforms, fees and features to make an informed trading choice. Award-winning customer service and a client-focused approach to business mean that beginner traders at Worldtradex can rely on excellent support. Worldtradex charges no fees for deposits and withdrawals, but withdrawals via credit and debit cards take up to 10 days to be processed, which is painfully slow compared to other brokers.

Worldtradex Deposits and Withdrawals

Worldtradex (formerly known as HotForex) is an online brokerage firm founded in 2010 in Cyprus, part of the HF Markets Group. If you have any more questions or need further assistance, don’t hesitate to get in touch.

The radar chart to the left shows how important each category is when calculating a broker’s final score. Traditional withdrawals are processed within 24 hours (weekdays only) of receiving them, but different conditions apply to each payment method. Overall, we found that Worldtradex provides a good selection of third-party platforms but lacks its own in-house trading platform, which is usually more user-friendly. However, it took two days for our accounts to be verified, which is longer than other similar brokers.

Service Details

Additionally, the Worldtradex Premium account is available as a swap-free option, accommodating traders of Islamic faith. Worldtradex excels in Forex trading, offering a broad range of over 50 Forex pairs with competitive conditions like low spreads and reasonable commissions. It’s also suitable for day trading and scalping, providing favourable spreads and fast execution times.

• Please note that EEA traders must trade with the less competitive Cyprus subsidiary as Worldtradex does not accept them via its international brokerages.
• Read our full explanation and accounting of our research and testing process to learn more about how we test.
• I figured out this advantage after using wire transfer for fund withdrawal.
• With daily payouts, no earning limits, and tiered commission structures, it’s a top-tier opportunity for sustained affiliate income in the trading space.
• 🛡️Regulated and trusted by FCA, FSA, DFSA, FSCA, CMA🛡️2508 new traders chose this broker in the last 90 days.🛡️Available for global Traders.
• Forex trading carries a high level of risk and may not be suitable for all investors.

Worldtradex allows trading in a variety of markets, offering 102 forex pairs and a total of 500 tradeable symbols, which is below the industry average of 3,623 tradeable symbols. While using HF Markets, we were pleased to find that a free demo account is available. You can get a virtual bankroll up to $100,000 and we particularly rated that there are no time constraints. This means you can run your simulator profile alongside your live account to test strategies. Processing times are in line with competitors, with deposits processed within 10 minutes except for wire transfers which can take up to seven working days. I also appreciated that there were no fees for deposits, as long as wire transfers are over $250.

Yes, Worldtradex offers several bonuses and promotional offers to its traders outside the EU, the UK and Australia. Worldtradex enables deposits and withdrawals through several methods including wire transfer, credit/debit cards (Visa and Mastercard), ewallets (Neteller and Skrill), and crypto. It seems crypto hype is everywhere and every broker now accepts crypto currencies like bitcoin etc.

Crude Oil WTI Spread

Another good option to look at is metal trading xau and xag are good options to trade too. Another important point while choosing the broker and within our Worldtradex Review is customer service. Eventually, the broker provides support in 27 languages that is an impressive number which covers world trading need and allowing traders from almost any country to join trading and get quality support. Worldtradex does not charge additional fees or commission, thus your calculation of the position is quite seamless and easy despite the level of trader you are. One of the Worldtradex Pros also its offered market range that includes 17 trading tools and 150+ trading products with access to global markets. These include Indices, Metals, Energies, Shares, Worldtradex courses scam Commodities, Bonds, ETFs, DMA Stocks, and due to increasing demand now offering Cryptocurrencies with Bitcoin, Ethereum, Litecoin, Ripple and more.

Finally, HF Markets offers a range of institutional technology to improve the trading environment. Our top picks include the correlation matrix, Excel RTD, and a package of popular MT4 and MT5 add-on indicators. I would also recommend signing up for exclusive insights from the brand’s team of experts, who provide detailed market commentary and forecasts. This is a free service and information is sent daily to registered email addresses. Though there is no categorization by experience level, we could find useful information quickly. We thought the e-books most were suitable for beginners, with the first chapters covering an introduction to forex and the basics of trading.