Moreover, worldtradexFX’s loyalty program rewards long-term clients with various perks, including reduced spreads Worldtradex website and exclusive access to premium features. This focus on rewarding loyal customers further enhances worldtradexFX’s reputation as a customer-centric broker. You can withdraw as little as MYR 100 or USD 5 on worldtradex, depending on the payment you are using.
Here is a summary of payment methods for withdrawals accepted on worldtradex. Once your verification is complete, you will be able to fund your account with any deposit method and start trading. Step 1) To open a trading account on worldtradex in Malaysia, go to their website homepage at and click on the ‘Open Account’ button, highlighted in blue colour, at the top right side of the home page. While worldtradex doesn’t typically charge fees, your bank or card issuer might, so always verify that. Overall, the minimum deposit on worldtradex in Malaysia depends on the payment method you are using. Some representatives could not answer some questions and referred us to send an email enquiry instead.
Masa Depan Dagangan Forex: worldtradexFX
They have low spreads, MetaTrader platform, copytrading & good support. Create and manage trading accounts, deposit and withdraw funds, and engage in swap-free trading right from your mobile device with our official worldtradex broker app. Everything you need to start trading from beginning to advance level, this website is providing you.
Trading Instruments
You account will be registered under the broker’s an offshore regulated entity (please note that this is the same for all forex brokers). Demo accounts are available for new traders on worldtradex to help them understand the trading platform before they open a live account and put in their money. worldtradex is not regulated in Malaysia, and traders are trading at their own risk.
- Step 4) Review the selections you’ve made, then confirm deposit to initiate it.
- The broker provides tight spreads, which means lower trading costs for its clients.
- 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.
Also, addition, orders less than 180 seconds can be considered abuse and canceled too. The first step to start copy trading is to fund your CopyTrading wallet with a minimum investment sum of $25, some Master Traders require higher minimum investments. If you have funds in your worldtradex trading account already, you can simply do an internal transfer to your CopyTrading wallet. worldtradex accepts deposits from Malaysian banks and allows withdrawals to all Malaysian banks.
- However, the actual time it takes for the funds to reach your bank account or card can depend on external factors like the speed of your bank’s processing or card issuer.
- Overall, the minimum deposit on worldtradex in Malaysia depends on the payment method you are using.
- Keep in mind that different Master Traders have different settings so you might have to adjust your balance accordingly.
- The broker offers automatic Islamic account with no swap fees and no commissions are charged on trades.
- 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.
1000 leverage
Usually it takes within 1-3 hours to process the withdrawal (during business days) and another 1 hour to transfer funds. However, the actual time it takes for the funds to reach your bank account or card can depend on external factors like the speed of your bank’s processing or card issuer. You can withdraw from your worldtradex account to your local bank account or Visa card. These withdrawals are processed within 1-3 hours and may also take about an hour or more for the funds to reach your bank account, depending on your bank. Whether you are a novice trader looking to learn the ropes or an experienced trader seeking advanced tools and competitive conditions, worldtradexFX has something to offer. As the Forex market continues to grow in Malaysia, worldtradexFX remains at the forefront, helping traders achieve their financial goals with confidence.
Can I make money from worldtradex?
worldtradexFX is known for offering some of the most competitive trading conditions in the market. The broker provides tight spreads, which means lower trading costs for its clients. Moreover, worldtradexFX Malaysia is regulated by reputable financial authorities, further solidifying its position as a credible broker. This regulatory oversight ensures that the broker adheres to strict guidelines, safeguarding the interests of its clients. In a market where trust is paramount, worldtradexFX has consistently demonstrated its commitment to providing a safe and reliable trading platform. During account creation, you can only use USD as base account currency.
You can withdraw to your Malaysian bank account, card or e-wallet. 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. Traders can withdraw the worldtradex bonus after they meet a trade volume requirement of half the bonus amount in 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.
Here is a comparison of worldtradex minimum deposit with that of their competitors. worldtradex doesn’t impose fees for bank transfers, but again, your bank might have charges for outgoing transactions and incoming transactions. Based on the overall reviews, we have found fewer complaints regarding issues with worldtradex from traders. This generally means the broker is responsive in handling client issues. You can learn more about the bonus and the rules that apply in the promotions sections of the worldtradex website. On worldtradex’s website, you can find their execution policy under their ‘customer agreement’ section.
worldtradexFX recognizes this and provides an extensive range of educational resources to help traders improve their skills and knowledge. The broker offers webinars, tutorials, and articles covering various aspects of Forex trading, from basic concepts to advanced strategies. Also, note that there are no foreign CFD brokers that are regulated in Malaysia. If you are trading with any foreign forex/CFD broker, you are doing so at your own risk.
Step 4) Review the selections you’ve made, then confirm deposit to initiate it. Whether you have a question about the worldtradexFX Malaysia login process or need help with a specific trade, worldtradexFX’s support team is always available to provide prompt and helpful responses. The number of tradable instruments on worldtradex is few, which means they may not have some instruments that you want to trade. Step 6) Step 6)Immediately, you will be taken to your account dashboard. This is where you can change your trading parameters like leverage.
Withdrawals can only be made to the same account from which the deposit was made, and must be in the account holder’s name. 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. The minimum deposit in worldtradex depends on your payment/deposit method. The most accessible option, bank transfer, requires only a RM 100 minimum deposit to get started. Here is a break down worldtradex’s minimum deposits, accepted payment methods in Malaysia, deposit rules, and everything else you should know before you fund your trading journey.
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. Arbitrage strategies https://worldtradex.bid/ 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.
They offer forex trading and CFDs on indices, cryptos, metals, and energies through MT4 and MT5 platforms. worldtradex promotions program currently offers a 50% deposit bonus to traders on a minimum deposit amount of $50. The bonus is not automatic, as clients will have to apply for the bonus after their account is credited with the deposit sum. Although worldtradex does not offer MYR account currency you can deposit Malaysian Ringgit via local banks and it will be converted into your chosen account currency. All trading, fees, deposits/withdrawals, and profits/losses will be shown in your chosen currency. 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.
