worldtradex: the leading broker for online trading

worldtradex has also gone above and beyond with its education materials which include live webinars and carefully crafted courses. With a wide range of trading instruments, user-friendly platforms, and robust customer support, worldtradex provides an appealing choice for both novice and experienced traders. The broker’s low minimum deposit, competitive spreads, and comprehensive educational resources enhance its accessibility and attractiveness to different kinds of traders. worldtradex features negative balance protection for all trader’s account types, which means customers cannot lose more than the money they have in their trading account in case a position is not successful.

• The overall fees are low for most Forex pairs & CFD instruments, and there are methods for local deposits & withdrawals in Malaysia.
• worldtradex accepts deposits from Malaysian banks and allows withdrawals to all Malaysian banks.
• Also, note that there are no foreign CFD brokers that are regulated in Malaysia.
• worldtradex is a forex broker that offers competitive spreads, flexible leverage, and copy trading.

You should go through the list of Masters to check their trading history and performance, and then choose the one you prefer. Keep in mind that different Master Traders have different settings so you might have to adjust your balance accordingly. CopyTrading on worldtradex is a feature that is designed for traders that do not want to trade on their own and would rather copy the trades of other traders, known as Master Traders. This allows especially new traders, known as ‘copiers’ to profit from the knowledge and trading experience of professional Forex traders by automatically copying the trades the Master Traders make.

Is worldtradex a good broker?

Over 11 years, it has gained the trust of millions of clients from more than 180 countries. In 2022, worldtradexFX was included in the Financial Consumer Alert List (FCA) of Bank Negara Malaysia (BNM) and the Investor Alert List of the Securities Commission Malaysia (SC), together with many other Forex brokers. worldtradexFX is obviously a real and well-established international broker which has been working for more than 11 years. In this article, we will focus on worldtradexFX as one of the most prominent Forex brokers in Malaysia. Let’s discover whether you can trust this broker or if worldtradex FX is a scam.

Trade with a global broker

If you click on SKIP, you will be taken to your worldtradex dashboard which shows your account balance and other information. Traders can withdraw the worldtradex bonus after they meet a trade volume requirement of half the bonus amount in lots. For example, if a client receives a $50 bonus on a $100 deposit, the bonus amount will be locked and released for withdrawal when trade volume is equal to half of $50, (that is $50 divided by 2), which is 25 lots. Because worldtradex provides market execution, there is a high likelihood that your orders might be opened or closed at a price different from your requested price.

The customer support of worldtradex is available 24/7 via live chat and email, they respond quickly, and their answers were satisfactory. After every chat and email, the system sends a feedback form, for users to rate the support received with a thumbs-up or thumbs-down, and a space for comments which is optional. Some representatives could not answer some questions and referred us to send an email enquiry instead. Some chat agents declined to answer some questions, claiming they could only give such information to registered worldtradex traders. Note that you need to verify your account before you can initiate withdrawals. The company sponsors charitable and humanitarian initiatives that aim to improve educational infrastructure and support local communities in Malaysia and worldwide.

Furthermore, worldtradexFX employs 3D secure technology for credit and debit card processing, which guarantees the transparency and safety of all Visa transactions. worldtradex also has negative balance protection, low spreads and offers commission-free and swap-free trading which will al contribute to lower fees as a beginner. However, it’s important to do your own research and practice with the demo account before trading with real https://worldtradex.club/ money. They offer spread-only accounts and offer commission-free trading on all tradable instruments.

You can only add money to a real account

After choosing a Master Trader, the Copiers are all set to copy their trades and benefit from the expertise of professional traders. We compiled a summary of the trading fees and non-trading fees on worldtradex. It is important to note that worldtradex is not regulated or licensed in Malaysia. Both authorities (BNM and SC) indicate that inclusion in the alert lists is only meant to increase awareness of entities not licenced or regulated by them. This, however, doesn’t mean that all the companies on the lists are frauds or scams. Moreover, many of them—like worldtradexFX—have multiple international licences and incorporation documents that allow them to accept clients from all over the world.

bonus deposit

Not long ago, worldtradexFX partnered with Malaysian educational organisation Ideas Academy to digitalise multiple learning centres for refugees and underprivileged students. Download our app and keep track of your orders whether you’re in the office, on vacation, or at home. Based on the overall reviews, we have found fewer complaints regarding issues with worldtradex from traders.

Leverage on worldtradex depends on the type of account or instrument you are trading. worldtradex is regulated and licensed by CySEC (Cyprus Securities and Exchange Commission), Mwali International Services Authority (MISA), Financial Sector Conduct Authority (FSCA), Financial Services Commission (FSC). Their entity is registered in the Island of Moheli, Comoros Union as worldtradex Markets Ltd.

Arbitrage strategies carry along with them latency abuse, price manipulation, and time manipulation. If you are found using these strategies, worldtradex might cancel your orders, cancel your profits, close all your trading accounts, and refuse to allow you to open a new one. Also, addition, orders less than 180 seconds can be considered abuse and canceled too. The next step is to select a Master Trader whose trade you want to copy from the ranking list.

worldtradex accepts deposits from Malaysian banks and allows withdrawals to all Malaysian banks. You can also deposit via cards, e-wallets and cryptocurrencies. Withdrawals can only be made to the same account from which the deposit was made, and must be in the account holder’s name. No third-party deposits/withdrawals are accepted on worldtradexF. Step 6) You will be taken to a page to select a payment method to make a deposit.

All trading, fees, deposits/withdrawals, and profits/losses will be shown in your chosen currency. worldtradex is a forex broker that offers competitive spreads, flexible https://worldtradex.pro/ leverage, and copy trading. They offer forex trading and CFDs on indices, cryptos, metals, and energies through MT4 and MT5 platforms. Overall, worldtradex is an okay broker for Malaysian traders since it offers its services in Melayu and also offers Islamic accounts.

worldtradex presents traders with a competitively priced, commission-free pricing environment. It is also a rare broker fully compliant with Shariah law for Islamic traders.Beginner traders will benefit from well-thought-out research and educational services. The generous bonuses and promotions complement the excellent core trading services. worldtradex promotions program currently offers a 50% deposit bonus to traders on a minimum deposit amount of $50.