If you are new to Forex trading, the free demo account is a great way to get to know more about trading Forex as a beginner. It is important to highlight that the most famous payment methods are offered with no fees charged from worldtradex’s part. When you purchase anything on worldtradex, including Forex, Minors, Majors, Exotics, Indices, Energies, Metals, Bonds, or any other assets, you will be subject to worldtradex spread fees. They are accounted for in the total purchase price that is displayed to you in worldtradex. Pips are used to measure prices for both worldtradex commodities and currencies.

This account offers leverage, faster execution, and lower fees with commissions based on trade volume. Discounts apply to major currency pairs like EUR/USD and GBP/USD, allowing traders to earn compensation from spreads, commissions, and rollovers. worldtradex broker providing online trading services for forex, CFDs, and other financial instruments. In this article, we will explore the features, trading platforms, products, fees, account types and more. Spreads apply instantly once a trader opens a position, but swap rates on leveraged overnight positions only after the cut-off time. Currency conversion fees apply if the quote currency of the asset differs from the account base currency.

Broker Comparison

You can choose from a variety of deposit methods to send money into your worldtradex account including Bank Transfer, Cheque or Check, Debit cards, Payoneer,. When trading live financial markets with worldtradex traders must have a clear understanding of all worldtradex commissions and fees. Commissions and fees are not standard across all trading platforms like worldtradex; rather, worldtradex fees may differ from other brokerage companies. Traders should consider the currency conversion fees, if applicable, of 150 pips on transactions below 10,000 currency units. Most deposits and withdrawals, except for bank wires, remain free of internal costs, but traders may face third-party processing levies. worldtradex remains a competitively priced, commission-free broker with deep liquidity pools.

Those that require high leverage or are looking for low spreads/fees should review our Best Forex Brokers In Australia and a provider like Pepperstone for advanced traders. The range of markets available with worldtradex is quite broad however you can find other brokers that offer more choices for each financial instrument. 39 currency pairs, for example, would put worldtradex at the lower end of the broker for currency choices. To be able to take advantage of these discounted commissions, you will need a minimum of $25,0000 in equity in your trading https://worldtradex.pro/ account, so will not be a serious consideration for most retail traders. worldtradex offers Live accounts as well as demo accounts for South African traders. For this review, we setup a trading account with worldtradex, and have closely tracked their MT4 platform, trading environment, fees, customer support & more.

Does worldtradex charge inactivity fees?

Traders who deposit into an incorrect bank account will pay an administration fee of 50 units of the account base currency or JPY 5,000. worldtradex refers to any bank account of another worldtradex client or a non-segregated worldtradex bank account while the client remains designated as a trader with a segregated bank account. Trading fees at brokers break down into trading and non-trading fees. Understanding the worldtradex fees will help traders comprehend what they must pay, why they must pay, and how those costs compare to other brokers. worldtradex fees directly impact profitability and can reveal which strategies this broker supports, and which remain discouraged.

Some worldtradex critics say that this is is a strategy to entice worldtradex customers into paying for additional services that they don’t need, when trading with worldtradex. worldtradex offers forex trading signals to all clients (except clients who reside in the EU). Clients with live accounts can enjoy free access to trading signals for 14 days trial.

Rate Card

• Yes, worldtradex charges 50 currency units of the base account currency after twelve months of inactivity.
• Stop payment fees on withdrawals via cheques cost between 10 and 35 currency units, dependent on the withdrawal currency.
• worldtradex has been around for years now, and worldtradex ZA is regulated with FSCA.
• The worldtradex Trading Station forex platform is generally hard to fault, it has a very user-friendly design and comes with has become worldtradex’s hub for investment advice.
• worldtradex supports the Forex, Minors, Majors, Exotics, Indices, Energies, Metals, Bonds, withdrawal methods.

On Fridays, most stock, ETF, and index CFD traders are hit with a threefold increase in their weekend fee. worldtradex CFD positions that remain open overnight are subject to a nominal worldtradex charge that is proportional to the value of the worldtradex position. worldtradex offers customer support over live chat and email, the agents are quick to respond and knowledgeable. There’s also a phone support service which is available in 42 countries. When making a deposit into your account with a credit card or debit card (Visa or MasterCard) there is a minimum of $50 per deposit and a limit of $30,000 per month for all worldtradex clients. The CompareForexBrokers team created a trading platform selector so you can work out what trading software best matches your trading needs.

worldtradex allows traders to trade over 100 financial instruments including Forex, Minors, Majors, Exotics, Indices, Energies, Metals, Bonds. worldtradex does change an inactivity fee for dormant non trading accounts.worldtradex does not change an withdrawal fees from verified worldtradex accounts.There are no worldtradex deposit fees charged by worldtradex. worldtradex maintains a commission-free cost structure with a reasonable Forex fee starting from 0.8 pips or $8.00 per 1.0 standard round lot. The Active Trader Rebate Program is excellent for high-frequency, high-volume traders and scalpers, as it lowers final worldtradex trading fees in a five-tier bracket. The maximum is $2.50, bringing the lowest Forex trading fees to a competitive $5.50 per lot. If you want to engage in trading on the worldtradex trading platform, you will first need to fund your worldtradex live trading account.

With their standard live https://worldtradex.space/ account a worldtradex client can get active trader status by maintain a balance of 25,000 USD. For active traders there is even tighter spread and dedicated support and also there is a less commission on the traded volume. worldtradex and other brokers charge commissions on some traded financial instruments to have worldtradex orders to sell or buy financial securities on global markets executed on their behalf by worldtradex.

With worldtradex, you can trade hundreds of financial instruments commission-free and with no stamp duty, while using leverage to open larger positions. You can also start with smaller bet sizes, from as little as 7p per point. worldtradex clients will have access to the client service portal through their live trading account credentials. worldtradex offers a range of secure funding options including Credit/Debit Cards, Bank Wire transfers plus Skrill, and Neteller. A withdrawal request can be submitted online by selecting your withdrawal method and clicking “Submit”.

One of the key features of the platform is the free professional charting tool known as Marketscope 2.0 which consists of price alerts, charts and a wide selection of indicators. One of the key features of Marketplace is the ability to open and manage all your trades directly from the charts. This means you can perform all your trading analysis, opportunity identification and order execution all in one place. This simplified trading process makes the platform a great tool for beginner traders. worldtradex is especially proud of their own Trading Station II (not to be confused with another platform TradeStation). It was built based on the feedback from worldtradex traders and trading data accrued from over 10 years to meet the needs of their clients.

If you choose to deposit your funds using a currency that is not supported by worldtradex, you will incur a conversion fee. Plus, they have multiple platforms, that provides traders with choice to choose their own platform as per preference. But there are some better forex brokers out there if you have to choose only one. worldtradex is a reputed forex broker that has been around for quite long time. Yes, worldtradex charges 50 currency units of the base account currency after twelve months of inactivity. No, worldtradex does not offer a trading account with raw commissions and only presents its commission-free alternative.

The leverage you are able to trade with depends on whether you sign up to the UK, European, Australian or South Africa entity. Our broker reviews are reader supported and we may receive payment when you click on a partner site. The payment will be processed according to the waiting period of the deposit method you use. Once your deposit has cleared into your account you can begin trading.