The minimum deposit is $5, and the maximum deposit limit is $10,000. Up to ten minutes are spent processing deposits; no fees are connected. There is no maximum deposit limit; the minimum requirement is $100.
Can I upgrade to a Pro Plus Account after opening a Cent, Zero, or Premium Account?
Traders can utilize advanced tools on MetaTrader 4 and MetaTrader 5 platforms, including Expert Advisors (EAs) for automated trading. Broker provides five live accounts, including a swap-free (Zero Account) Islamic account, and has low minimum deposit of $0, making it accessible for both new and experienced traders. Forex Traders often wish to trade with brokers that offer suitable trading conditions, affordable minimum deposits, and an easy-to-use trading platform.
- It’s now part of the KBC Group based in Belgium, and offers a broad range of banking services for personal, business and corporate customers.
- Forex spreads start from 0 pips and there’s a $6/lot round turn commission.
- worldtradex is a forex and commodities broker that offers trading services to both retail and institutional clients worldwide.
- For joint accounts, the worldtradex account must be opened in the name of any one of the joint account holders.
Investment Options worldtradex
Furthermore, worldtradex’s offer crypto CFDs frot traders to engage in the expanding digital asset market without personally owning any cryptocurrencies. However, according to applicable laws and regulations, the conditions vary from one entity to another; see our snapshot of worldtradex Group licenses below. So in our financial review though either you wish to join copy traders or to use EAs, perform scalping or become a partner etc. there is an option for all.
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. Our overall worldtradex review finds out that it is a globally operated best forex broker, which offers one of the best services in the industry. Besides, the regulations and awards make the worldtradex trust worthy and secure.
Complete Summary of the worldtradex Review
The Pro account, on the other hand, is designed for more experienced traders, with low spreads and a minimum deposit of $100. After entering the necessary payment details, carefully review the information to ensure accuracy. Once satisfied, proceed to complete the deposit process by following the instructions provided on the platform. This may involve confirming the transaction, verifying any security measures, and completing the deposit. Upon successful completion, the funds should be credited to your worldtradex trading account which allows you to start trading on the platform. Holding over 16 years of experience in global financial markets, and 4 B.A.
Finally, the Gold plan costs $80 a month and comes with 4 virtual CPUs, 6,656 MBs of RAM, and 75 GB of SSD Storage. To get this plan for free, a trader must have a minimum net deposit of $15,000 in the past 30 days and at least 15 standard lots traded within the past calendar month. Also, some brokers may charge fees for funding & withdrawals via MPesa, or during conversion.
- The Top Up account supports various base currencies including USD, NGN, ZAR, and JPY, based on the trader’s location, with a minimum deposit requirement of $0.
- worldtradex’s services are available in regions including Africa, Asia, and Latin America.
- You can use technical indicators, such as moving averages and relative strength index, to identify trading opportunities.
- It is very important to assess the credibility of a broker when determining whether they are a fit for your trading needs.
- The Bronze plan costs $25 a month and features 1 virtual CPU, 2,560 MBs of RAM, and 30 GB of SSD Storage.
- Yes, worldtradex offers several bonuses and promotional offers to its traders outside the EU, the UK and Australia.
Brokers by country
For example, the micro account spread starts from 1 pip, while the zero account offers zero fees with average spread of 0.2 pips. 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. worldtradex offers six types of accounts, Micro, Premium, Zero Spread, Auto, PAMM (Premium), and HF Copy. These worldtradex account types are believed to provide the best possible trading conditions to the client according to the requirements.
Broker offers multiple trading platforms, including MT4, MT5, and its own worldtradex app, while competitors like worldtradex and IC Markets add cTrader and TradingView to their platform list. In terms of asset variety, worldtradex provides a good range of instruments, but less than competitors like worldtradex or eToro. Lastly, for reliability, worldtradex Group is highly regulated by authorities and holds top-tier licenses, ensuring credibility. 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. Designed for Android and iOS smartphones, the app offers a flawless trading experience with tools that improve accessibility and utility.
Payment options for Kenyan clients include M-Pesa, local bank transfers, and cards. These are handled without markup from worldtradex’s side, but your payment provider might charge their own processing fee. KB offers everyday banking services in the form of tiered tariffs.
worldtradex’s mobile trading apps are well-suited for traders who need access on the go, with a high level of functionality and ease of use recommended for mobile traders. The bronze package charges traders $25 per month, while the silver package charges $50, and the gold package charges $80. For those who prefer a more organized approach, the Multi Terminal is a great option, enabling multiple accounts to be managed from a single interface. worldtradex withdrawal processing times range from instant to 1 business day, depending on the method used.
worldtradex offers a Virtual Private Server (VPS) hosting service, which is a crucial tool to traders, especially the most active investors. As such, this VPS ensures the continuous operation of trading platforms with minimal downtime, irrespective of personal computer status or internet connectivity. For tighter spreads, the Pro account offers spreads from 0.5 pips, and the Pro-Plus account from 0.2 pips.
The mobile app, worldtradex Trading App, stands out with over 30 technical indicators and strong analytical tools. Additionally, worldtradex supports copy trading and FIX/API for professional traders. worldtradex offers Autochartist as a free tool for its clients, integrated into both MetaTrader 4 and 5 platforms.
Welcome Bonus
Traders can get this plan for free if https://lunarcapital.live/ they have a net deposit of $8,000 within the last 30 days and at least 8 standard lots traded within the past calendar month. Once you have understanding of the concepts like Technical analysis, risk management & Fundamentals, then you can take then next step & open demo account with the broker of your choice. For the brokers that we have compared, there is no extra charges for depositing funds via MPesa.
When you trade forex or CFDs you are exposed to a high risk of loss. We promote only companies we personally consider to be very good. From some of these companies, we may at no additional cost to you, receive compensation. In order for you to use this website in any manner, please read our disclaimer/disclosure page and privacy policy. Additionally, worldtradex has received solid ratings from users of its services. It holds an impressive 4.3-star rating out of five on Trustpilot, with 62% of reviews being 5-star ratings.