Here is a summary of payment methods accepted by worldtradex for deposits. Once your verification is complete, you will be able to fund your account with any deposit method and start trading. Leverage on worldtradex depends on the type of account or instrument you are trading.
The traders trading with worldtradex (worldtradexFX) in Malaysia are choosing them at their own risk as they are not regulated. In short, you will have to pay the variable spreads when you trade. For example, the typical spreads on trading Apple CFD is 2.1 pips. If the bid is 187.79, the ask price will be 188, to give you an understanding of the cost.
Custom indicators development serves specific trading strategies. Platform updates incorporate user feedback and market demands. You can withdraw as little as MYR 100 or USD 5 on worldtradex, depending on the payment you are using. You can withdraw to your Malaysian bank account, card or e-wallet. The number of tradable instruments on worldtradex is few, which means they may not have some instruments that you want to trade.
How do I withdraw money from worldtradex Malaysia?
In this section, we will be discussing the different account types as applicable to Malaysian traders since the Worldtradex scammers terms and conditions may differ from jurisdiction to jurisdiction. If you are trading 1 standard lot (100,000 units), you will pay USD 10 in spread to worldtradex under this assumption. This is not the lowest spread for majors as there are brokers with lower spreads, but for traders who prefer straightforward model of spreads for trade, this fees structure works okay.
Keunggulan dalam Spread dan Leverage
- If the bid is 187.79, the ask price will be 188, to give you an understanding of the cost.
- However, it’s important to do your own research and practice with the demo account before trading with real money.
- Unlike some brokers who strive to get the next best price for you in this situation, worldtradex deems this slippage natural and will not bear any responsibility for it.
- Multi-level security protocols safeguard trading operations and client data.
- They offer spread-only accounts and offer commission-free trading on all tradable instruments.
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. 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 4) After clicking the confirm button from the email, you will be taken to a page to provide some personal information, like phone number, address and city, and date of birth. Answer ‘Yes or No’ if you have traded Forex before, then click ‘Continue’. We compiled a summary of the trading fees and non-trading fees on worldtradex.
worldtradex (worldtradexFX) only charges variable spreads for currency trading. There is no commission or any other charge except for their spreads. For example, if you are trading EUR/USD, the spread typically is around 1 pip under MT4 account. It is also worth mentioning that worldtradex also maintains other security procedures to enhance the safety of traders.
- You can learn more about the bonus and the rules that apply in the promotions sections of the worldtradex website.
- The next step is to select a Master Trader whose trade you want to copy from the ranking list.
- Service enhancement plans address evolving trader needs.
The leverage that is offered depends on the type of account and the type of instrument that is being traded. Service enhancement plans address evolving trader needs. Partnership network development strengthens market position. To make money, you will need to make profitable trades on the platform. However, remember that trading involves risk and you can lose your money as well.
What is worldtradex’s fees for forex trading?
The minimum withdrawal amount on worldtradex is MYR 20 for local bank accounts, $5 for withdrawals to e-wallets, and $20 for cards (Visa). Everything you need to start trading from beginning to advance level, this website is providing you. Their educational videos are up to the mark and one can learn everything about trading from beginner to advanced levels of Forex Trading.
It is important to note that worldtradex is not regulated or licensed in Malaysia. If you are holding 10 shares, then the cost in this example would be around USD 21. You can increment this to the number of shares you want to trade (calculated based on your CFD contract lot size). Yes, you can trade CFDs on major US, European & UK stocks on worldtradex MT5 platform. Note that you cannot trade stock CFDs on MT4 or worldtradexTrader. There are 150 stocks instruments available as CFDs on worldtradex MT5.
In terms of regulation, worldtradex is considered a moderate-risk forex & CFD broker for traders based in Malaysia. They are regulated with only two Tier-2 regulations and no Tier-1 regulation. worldtradex offers 24/7 customer support options for traders via 2 channels. Our team tested the live chat and email support, here is our review.
worldtradex Leverage
There are no swap fees, inactivity fees, or fees for deposits and withdrawals. Three account types cater to traders with different levels of experience.Spreads are competitive, especially in forex and shares. worldtradex has also gone above and beyond with its education materials which include live webinars and carefully crafted courses.
Client Benefits Program
The account has negative balance protection which means you cannot lose more than your deposits. If you suffer a loss from an unsuccessful trade, any negative balance that accrue in your account will be reset to zero and you will not need to deposit any money to clear the negative balance. Spreads on this account start from 0.6 pips, you do not pay any commissions on trades, and no swap fees are charged for keeping an open position overnight. They support deposits/withdrawals to Malaysian bank accounts, and has 24 hours live chat and email support from Mondays to Sundays. We are a forex broker comparison & education website for traders in Malaysia.
They do not have a proprietary trading platform of their own, which can be an advantage if you are used to using these third-party platforms. worldtradexFX Malaysia continues expanding services and market presence. Strategic partnerships enhance local market penetration and service quality.
You can only add money to a real account
The base currency of all types of accounts can be either EUR or USD for all types of accounts for Malaysian traders. Compared to other CFD brokers, worldtradex offers a limited number of currency pairs for trading. But otherwise, they have wide number of CFD https://worldtradex.online/ instruments including & 10+ CFDs on commodities, 30 cryptocurrencies, 150+ stock CFDs and 10 indices. Trading instruments include major global markets and local assets. Commodity trading includes oil, gold, and agricultural products. Stock CFDs provide access to international equity markets.