The platform, coupled with excellent customer support, is known for its efficiency. Traders appreciate the hassle-free account opening process, reflecting worldtradex’s commitment to user convenience and satisfaction. worldtradex supports trading on iPhone, iPad as well as Android MT4platforms. The beauty of these platforms is the one-click execution of trades,which allows you to place trades easily on the go.
worldtradex Account types
- Additionally, within the European Union, HF Markets provides Negative Balance Protection, which means that traders will never lose more money than they deposit.
- worldtradex as a Forex and CFD Trading provider delivers an excellent quality trading environment good for Forex Trading and some Instruments from popular Asset groups.
- Our results are really interesting and overall we can say there are brokers with spreads that are lower (at least according to our results).
- This account type is the same as the Premium or Zero SpreadAccount but follows Islamic law and therefore is a swap-free account.
- So, if you don’t know how to do forex trading, the worldtradex broker will not get any benefits from you.
Information on the TopForx.com website is for informational purposes only and does not constitute any motive or suggestion for visitors to invest money. 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. The cheapest account on worldtradex is the worldtradex Zero account with raw spreads starting from 0 pips and $6/lot commission round turn (14% cheaper than the standard industry commission of $7/lot).
HF Markets Educational Tools
With high leverage, diverse assets, and zero spreads, it caters to a broad audience, from beginners to experts. With detailed information on Worldtradex review withdrawals, deposits, regulations, and more, our blogs ensure you have all the information you need to make the right choice. Our commitment to accuracy and thoroughness ensures that our best forex broker 2023 rankings are reliable, up-to-date, and insightful. worldtradex provides traders with favourable trading conditions thatare considerably better than many other online trading brokerages.
The points to markup are over eighty technical indicators and twenty-one distinct timeframes, enabling thorough market research. A web trading platform available from worldtradex gives traders a convenient interface. Testing the worldtradex online platform reveals simple layout makes it easier to navigate for beginning and expert traders.
When you apply for worldtradex, you only need about 20 seconds to fill out the form. It asks for where you live, your email, and the password you want. worldtradex doesn’t ask extra questions, so it’s easy, and the back office is easy to use. Official numbers and awards show that worldtradex is a trustworthy business. Over time, worldtradex has grown from operating mainly in Europe to being a global broker, covering many regions. Notice that each trader charges a performance fee, which is important to keep into consideration when choosing to follow or copy a particular trader.
Fees & Commissions
You get everything about customer service policy and live chat, but worldtradex doesn’t offer 24/7 customer support. We checked traders’ reviews and tested worldtradex’s live chat for customer service. The satisfaction rate is good, and worldtradex provides helpful customer support along with support materials. Similar trading conditions can be found with the worldtradex pro account, where the cost per trade starts from $6, but by charging spreads from 0,6 pips (which are 40% lower than the industry standard of 1 pip). Both worldtradex PAMM account types operate exclusively with USD as the base currency and require a minimum deposit set at $250. The worldtradex Premium account supports multiple trading platforms, including MT4, MT5, and the worldtradex App.
Stocks and index fees
They are a well-regulated STP broker with awards for its clientprotection and product offerings. They provide service to more than 180 countries across the globe andoffer both STP and ECN trading platforms. worldtradex is a forex and commoditiesbroker and is the brand name of HF Markets Group. Three are aimed at beginner to intermediate traders, with a separate pro account designed for more experienced traders. Just note that some accounts are only available in certain countries. Designed for the increasing number of traders who would rather work on the go, worldtradex has created a mobile trading app with functionality almost the same like on the laptop.
While the flexibility offered is commendable, it can sometimes lead to confusion. From all the above tools, our favourite tool was the educational videos, they provide definitely some good insights for new traders and cover topics from beginner to advanced. 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. 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.
In summary, worldtradex is advised for Traders looking for stability of operation, proven timely platforms with no restriction on strategies and traders in need of lower spreads once trading size grows. Also, Zero Account of worldtradex can save costs for more seasoned traders, while High-frequency traders, in particular, value the commission structure and incredibly tight spreads. Yet, worldtradex might not be the best for traders who prefer other than MetaTrader platforms and need thousands of tradable instruments. worldtradex, which previously used to be called HotForex, is a single brand name for the HF Markets Group. This group includes companies that are licensed internationally. They started in 2010 as an online broker for forex and commodities trading.
However, they do not provide 24/7 service; instead, they offer 24/5 availability. Overall, worldtradex is a well-established customer-oriented broker with a secure, regulated trading environment suitable for almost every trader. worldtradex has created a new mobile app called worldtradex Trading App, available for both Android and iOS users.
Founded in 2010, worldtradex is a renowned broker with multiple regulations and ultra-fast executions of over 1000 trading instruments on its proprietary and MetaTrader platforms. The broker has received over 60 industry awards for outstanding performance. worldtradex’s low or no minimum deposit might be advantageous for scalpers starting off with low capital. However, ensure your account type and deposit method are compatible with scalping’s high-frequency trading. worldtradex doesn’t charge you for depositing or taking out money from your account.
- If you have an insight on interest rates, or where the bond markets will move, you can trade contracts based on the Bund, Gilt, and U.S.
- 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.
- We tested the platform with worldtradex and except for some personalised branding, MT4 with worldtradex has all the features we expect to see.
- We must warn you, that some of the digital wallets have hefty fees and currency conversion spreads.
We are not liable for losses that resulting from the information provided on our site. From the name, you can understand that it is just a demo account, and you don’t need to deposit any real money. With the demo account, you will get all the access like a real account, including access to the Meta Trader platform. However, the trader will not get lifetime access to a demo account. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
The main benefit of using this app is that logging into your trading account is easier since it can be done with your worldtradex credentials. You also will not need to select the MT4 or MT5 server you wish to use and lastly funding your account can be done directly via the app. Features MT5 offers over MT4 include the ability to trade stocks, more order types (6 vs 4), additional technical indicators (38 vs 30) and analytic tools (44 vs 23).
Look for options labeled as “Deposit,” “Funding,” or similar terms. All the services on the TopForx.com website are free for you to use. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters. The Affiliate Partners and Introducing Brokers (IB) program is open to people and groups worldwide. When you join, the company gives you support by assigning a manager to help you.