worldtradex withdrawal options include cards, bank transfers and various e-wallets. However, Wire Transfer may involve some correspondent fees according to your bank and international policies. Make sure you type these correctly because if you make mistakes you will not be able to connect to your trading account via Hotforex login. When you create a new account, your credentials to log into each MetaTrader version will be available on-screen after creating the account and on your email that confirms the account creation. To log in to your Hotforex (worldtradex) account, simply open the platform you want to trade on e.g WebTrader, MT4, MT5 etc. With the HFcopy account, you can connect with over 250,000 other traders.
These methods can all be used for both deposits and withdrawals. If you don’t like staying in the market too long and your preferred trading style is scalping, worldtradex has the perfect account for you. The Zero Spread account offers incredibly tight spreads with no mark-ups. Instead, you will pay a commission that starts as low as $0.03 per 1K lot. This worldtradex broker review showed that there are six types of accounts on offer. No matter what your needs are, you will find something that’s in line with your requirements.
Deposit and Withdrawal Options
Our documents were checked by the verifications department and were approved in around 48 hours, which is longer than other similar brokers. Note that any deposits will be credited to the account only after your documents have been approved and the myHF area is fully activated. Our worldtradex broker review team was pleased to see that there is a healthy variety of instruments to choose from. From currency pairs and shares to commodities and cryptocurrencies, you’ll find a good list of options. worldtradex also commits to executing trades in a timely fashion, although it reserves the right to decline trades should certain market conditions be present.
Hotforex (worldtradex) Demo Account
We could view charts, news, and analysis, get access to the full-featured MT4 and MT5 platforms, and experience real-time prices and real forex market volatility. worldtradex offers access to the MetaTrader 5 (MT5) platform as one of the platforms available https://worldtradex.space/ for its clients, improving the trading environment and selection between software. The platform proved ideal for beginners or advanced traders throughout testing we admit its robust functionality and straightforward UI.
worldtradex does not charge any withdrawal or deposit fees, allows hedging, scalping, and copy trading, and offers an excellent selection of educational and market analysis materials to get new traders started. worldtradex employs a variable spread over its several offered account types. While the Zero https://worldtradex.site/ Spread account’s spreads start at 0 pip with interbank quotes and trading charges built into comission. Our review found that much like the market analysis at worldtradex, the educational content available is multi-format, of very high quality, and more useful for beginners than what is available at most other brokers.
- Video tutorials are available without registration; these cover introductory concepts, Metatrader tutorials, trading strategies, and lessons in economic theory.
- worldtradex allows you to place several limitation orders on trades, including stop loss, take profit, buy stop, sell limit, and sell stop orders.
- 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.
- The platform proved ideal for beginners or advanced traders throughout testing we admit its robust functionality and straightforward UI.
- We opened a demo account and found that it does not expire, which is helpful for beginner traders.
You can use the demo account for however long you like to practice trading in real market conditions. The demo account comes with a virtual balance of up to $100,000. The broker offers a well-rounded package of features, with flexible account types, diverse trading instruments mainly suitable for Forex trading and some CFDs, with excellent research and Education Free materials.
Brokers By Licenses
As such, all non-profit funds are returned to the original deposit source. We were pleased to find that worldtradex has recently reintroduced cryptocurrencies to its offering, a good move considering how popular this asset class has become. We advise you to read worldtradex’s risk disclosure, customer agreement, and terms of business before you start trading. Opening an account at worldtradex is a quick and hassle-free process.
worldtradex’s Trading Platforms
Trading in forex, stocks, cryptocurrencies, CFDs, indices, and commodities carries the potential for financial loss and may not be suitable for all investors. Moreover, losses in leveraged products may exceed your initial deposit. Before making any decisions regarding Forex or any other financial instruments, it is essential to thoughtfully consider your investment objectives, your level of experience, and your risk tolerance.
She is continually expanding her knowledge in Forex trading, staying informed about the latest trends and identifying the best trading environments for new traders. Award-winning customer service and a client-focused approach to business mean that beginner traders at worldtradex can rely on excellent support. Forex News – In partnership with FXSTREET, a respected market news aggregator and publisher, worldtradex provides a constant stream of news that impacts the markets. While the main focus is on geopolitical events and macroeconomic movements, we found that there is some reporting on technical analysis – mainly from large banks and other financial institutions. With new stories every few minutes, 24/5, this is an excellent resource for traders using all types of strategies.
worldtradex also offers support for MT4 MultiTerminal, providing a convenient method of managing multiple accounts simultaneously from a single interface. For the purposes of this review, we tested both of worldtradex’s web trader platforms. Traditional withdrawals are processed within 24 hours (weekdays only) of receiving them, but different conditions apply to each payment method. Traditional deposits are handled on weekdays, and conditions apply to each deposit option. As a regulated broker, worldtradex ensures that all Anti-Money Laundering rules and regulations are followed.
The radar chart to the left shows how important each category is when calculating a broker’s final score. Because we opened a live account, we had access to the worldtradex e-Course. We found that the course is well-structured and includes the basics of Forex theory and Forex trading, reading and interpreting charts, trading strategies, trading psychology, and technical analysis.
Cost Structure and Fees
With a $0 minimum deposit, worldtradex is accessible to traders, unlike competitors that require higher deposits, such as IC Markets and eToro. Investigating worldtradex’s tradable assets exposes a broad spectrum of financial instruments that fit different trading approaches and preferences. With access to various markets including forex pairs, traders can engage in broad currency trading, creating opportunities in both main and exotic markets.
However, it took two days for our accounts to be verified, which is longer than other similar brokers. Accessing the web trader is a smooth and simple process. From within your client area, you’ll always have the option to launch each platform available to you. The more you trade, the further you progress in the program and the more points you earn.
