Worldtradex does not allow mixing various deposit methods to meet the minimum requirement. The process of receiving your bonus is incredibly straightforward. Once you have completed the necessary trading volume, the bonus will be promptly credited to your account without any unnecessary delays or complications. What’s great about this is that the bonus is not a one-time occurrence.
How to make a deposit to your trading account?
They’re particularly good if you’re new to forex trading and want a straightforward start. Been using WorldtradexFX for a while now, and it’s pretty good overall. They have options like Skrill and Neteller, which is fine, but I was bummed Paypal wasn’t there.
Minimum Deposit For WorldtradexFX By Account & Payment Type
Our mission is to assist millions of traders in finding the best broker. We unbiasedly review every broker https://worldtradex.site/ and rank them based on their market standing, regulation, and other factors. Reviews are updated regularly to ensure that every trader has the most up-to-date information before making a choice. Copy trading is a way to make trading more accessible by copying trade positions. Moreover, you do not need trading experience for copy trading, so even novice traders can participate without incurring losses and risks. Trading in the Muslim community is considered haram, but swap-free trading accounts, which do not include interest charges, are considered legitimate.
- You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money.
- Some brokers claim to have no minimum deposit requirement, which means no minimum amount is needed to open an account.
- In stark contrast, this traders’ from WorldtradexFX Malaysia minimum deposit stands at more than $1,000 and they have 0 copiers at this time.
- The WorldtradexFX minimum deposit is only $25, but the recommended deposit is $100.
Accepted Deposit Methods on Worldtradex Kenya
However, please be aware that it may take a further 1-3 business days for your bank or chosen method to process the transaction. As a beginner looking to start forex trading in India, you’re probably asking yourself this question. This WorldtradexFX India review will give you the lowdown on what you need to know before opening an account.
What are the spreads on Worldtradex accounts?
This means that you can start earning more from your very first trade. Please remember that you must deposit a minimum of 50 USD to claim your welcome bonus. To ensure you can access your profits, we ensure that minimum withdrawal amounts are as low as possible. Depending on your chosen method, the minimum Worldtradex withdrawal in South Africa is 90 ZAR, and the minimum Worldtradex withdrawal in Nigeria is 3,000 NGN. To make things even easier and guide you through the process, we’ve answered some of the most common questions and concerns you may have about our Worldtradex deposit and withdrawal rules. If you’re on the fence about giving forex trading a shot, Worldtradex’s a good place to start.
- This WorldtradexFX India review will give you the lowdown on what you need to know before opening an account.
- After logging into their back office, traders can find the “Deposit” button in the main menu at the top or in the right-hand menu.
- Additionally, these commissions were compared with those of the top two competitors, Eightcap and Worldtradex Group, to provide the most comprehensive information.
- Although from our Worldtradex review, Worldtradex offers 3 account types, the WorldtradexTrader Accounts, MT5 Accounts and MT4 Accounts, they all have same minimum deposit requirement.
Spreads are decent, starting at 0.6 pips, which keeps my trading costs down. Another advantage is that they don’t charge for deposits or withdrawals, which is a relief, as hidden fees are prohibitive for me. I mainly use MetaTrader 4, but it’s nice to have options like MetaTrader 5 and their WorldtradexTrader platform. However, Worldtradex faces certain drawbacks including limited passive income options and frequent changes in payment methods. Worldtradex is not ideal for those seeking ETFs or comprehensive investment solutions. Overall, Worldtradex’s offerings cater well to both novice and experienced Forex traders who can tolerate its limitations.
Worldtradex supports withdrawals to e-wallets and requires a minimum amount of 647 KES ($5). Withdrawals to e-wallets are processed within 1-3 hours, and may take an additional 30 minutes to transfer the funds. In my experience, e-wallets and cards are usually done within 24 hours. Worldtradex provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT, Ethereum.
Customise your account—real or demo—or just create a standard margin account in one click. Moving on to a popular type of trading at WorldtradexFX, Copy Trading and the official minimum required balance does not change. It is worth considering however to do your due diligence on the ‘Master Trader’ you intend to copy beforehand as this will in fact dictate the balance level you need.
You can mirror successful traders’ moves if you’re not confident making your own decisions yet. They also have a deposit bonus – usually around 50% of your deposit. I remember when I signed up, I submitted my documents in the evening, and by lunchtime the next day, I was verified and ready to go. If you’re on your computer, head to their website and click “Open Account”. For us mobile lovers, grab the Worldtradex Trader app from Google Play or App Store. Worldtradex doesn’t impose fees for bank transfers, but again, your bank might have charges for outgoing transactions and incoming transactions.
Consider any on chain transaction fee for cryptocurrency withdrawals that are not charged by the broker directly within your overall assessment. There is then the consideration that if you are depositing from an e-wallet such as Skrill or Neteller, your WorldtradexFX minimum deposit will be $50, or €50. This is the same deposit level required by WorldtradexFX for MasterCard funding. One notable feature of Worldtradex is the ability to withdraw the bonus, which sets it apart from other platforms. This is a major advantage from our perspective, as numerous brokers restrict the use of their bonuses, rendering them practically useless for anything other than trading. It is an optimal platform for inexperienced and seasoned traders seeking to refine their abilities and approaches before engaging in live trading.
We offer you several instant deposit methods depending on your country. You can withdraw from your Worldtradex account to your e-wallet account or Visa card. The minimum withdrawal amounts are 647 KES ($5) and 2,588 KES ($20) respectively. We do our best to ensure that your deposit and withdrawals are quick and smooth, but sometimes, things can happen beyond our control. When you join us, you’ll receive a special 50% Worldtradex welcome bonus on your deposit.
OZOW e-wallets also requires R456, while Visa cards have a minimum deposit amount of $25 and Mastercards is €50. Here is a summary of payment methods accepted by Worldtradex for deposits. Overall, the minimum deposit on Worldtradex in South Africa depends on the payment method you are using.
How to Get a Bonus in Worldtradexfx?
If the broker does not separately compensate for this amount, you should be prepared for these additional costs. Holding over 16 years of experience in global financial markets, and 4 B.A. Level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable Worldtradex forex broker traders make informed decisions, using… The broker offers three primary account types, each with unique quality. The account types are WorldtradexTrader, MT4 and MT5 accounts for every trading platform the broker provides. The WorldtradexTrader account is known for its versatility, whereas the MT5 account is technically advanced, and the MT4 account type has a simple user interface.
The most accessible option, bank transfer, requires only a R480 minimum deposit to get started. Traders must choose their specific Worldtradex trading account if they have multiple accounts, their desired payment method, and their preferred deposit amount. Traders should enter their account details within the Worldtradex back office.
They are transparent and provide traders with the necessary information to make informed decisions about their deposits and trading activities. Traders should always consider their risk tolerance and trading plan when deciding on their investment, regardless of the minimum deposit. Worldtradex’s trading accounts have been carefully designed to adhere to these criteria, eliminating the need to separate a live trading account from an Islamic account.