Below is a breakdown of each of the different account types offered by worldtradex. Micro accounts can be opened for as little as a $5 deposit, whilst premium accounts require a slightly higher minimum deposit of $100. The minimum deposit is $100; the maximum deposit is ten thousand dollars. The minimum deposit is $5, and the maximum deposit limit is $10,000.
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Account Types and Benefits
Even during peak hours, the phone support service—available in several languages—connected us with a person in three to five minutes. However, the payments we receive can influence the products, companies, or services we highlight and evaluate. This means not every available option may be featured on this page. We are dedicated to maintaining high editorial integrity and transparency during reviews or other posts. However, it’s important to note that some of the products we discuss are from our partners. Yes, based on your detected country of FI, you can open an account with this broker.
Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Alongside quality research and MetaTrader offering, worldtradex (HF Markets) offers a proprietary copy trading platform, HFcopy, as well as a decent selection of nearly 1,000 CFDs (including 100+ forex pairs). That said, trading costs at worldtradex are slightly above the industry average across its spread-only accounts. If you are a forex and CFD trader looking for a trusted broker, worldtradex (HF Markets) can be an ideal choice for your trading journey.
Yet, worldtradex might not be the best for traders who prefer other than MetaTrader platforms and need thousands of tradable instruments. worldtradex is a broker with a good reputation and regulations based on our finds. Also, there is a truly remarkable education section suitable for beginning traders and one of the best ranges our financial experts saw of webinars and seminars performed globally. This is a market execution account with spreads starting at 0 pips on the EUR/USD. Where previously there was a minimum deposit requirement of 200 USD to open the ZERO Account, there is now no minimum deposit https://worldtradex.world/ requirement.
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This increases to $10, $20, and the previous year’s fee + $10 per month for inactivity periods of 1-2 years, 2-3 years, and over 3 years respectively. After your accounts are open, you’ll find that you can easily manage them as wallets from your client area. This is a good account if you do not have the experience to trade on your own. Account registration at worldtradex is a straightforward process. The fully digital questionnaire makes the whole process quicker too, as you don’t need to worry about posting your documents to the broker for approval. Although email support responded in approximately 24 hours, it usually provided thorough, well-organized responses with links to other resources.
We’re thrilled to hear that you’re satisfied with our services. We’ll continue working hard to ensure your future experiences with us are even more rewarding. It’s great to hear that you’re pleased with our services.
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John Bringans is the Managing Editor at ForexBrokers.com. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research.
Through a Swap-Free trading tool, worldtradex lets traders hold positions without paying these fees on particular accounts. Those following Sharia law and wanting to minimize overnight expenses will benefit from this option. However, according to applicable laws and regulations, the conditions vary from one entity to another, see our snapshot of worldtradex licenses below. 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. Below is a breakdown of the main features in 10 areas that make worldtradex an attractive broker for traders Trading Platforms, Account Conditions, Instrument Range, Fees, Education, etc.
It also offers a free demo account that does not expire. We found that worldtradex offers an excellent range of trading tools, including Autochartist, a free VPS service, and a set of Premium Trading Tools. While all these tools are provided free, we were disappointed that traders are required to make a substantial deposit before access is provided. The HFcopy Account is available to both Strategy Providers (SPs) and Followers who have joined HFcopy. SPs can open an HFcopy Account to build their inventory of Followers and trade in exchange for a Performance Fee as high as 50%. Only available on the MT4 platform, the spread starts at 1 pip, and trading instruments offered on this account are limited to Forex, Indices, and Gold.
How Safe is Trading with worldtradex?
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- They go out of their way to ensure you have a great experience with them.
- In terms of regulatory compliance, worldtradex passes with flying colours as they are subject to some of the strictest regulations in the industry.
- worldtradex offers a variety of very attractive bonus incentives for its clients.
Followers, on the other hand, by opening an account will be able to deposit funds and start copying the trades of their selected SPs. Alternatively, you can open a zero spread account with a minimum deposit of $200, or a Premium Pro account with $500. The PAMM account at worldtradex has a minimum deposit of $250. Whether you’re just starting, or you’ve been trading for a while, worldtradex is an accomplished broker that offers just about everything you could think of. In both cases, you will get access to myworldtradex client area where you can manage all your accounts and finances.
Unfortunately, access to better trading tools like Autochartist, which other brokers offer as a free service, requires an account balance of 500 USD – well above the required minimum deposit. Particularly with its Zero Spread account, which allows raw spreads starting from 0.0 pips, worldtradex offers economical trading fees. We opened a demo account and found that it does not expire, which is helpful for beginner traders. We were provided with a virtual starting balance of 100,000 USD, which can be topped up on request.